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Cable Update (GBPUSD)

  • #140,861
  • Jun 29, 2009 10:10am Jun 29, 2009 10:10am
Quoting cttrader
Hello Malcolmb14 would you or someone tell me where to find info about volume so I can study ?

Thanks and good luck trading.
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  • #140,862
  • Jun 29, 2009 10:13am Jun 29, 2009 10:13am
channel? bullish flag ???? any idea
  • #140,863
  • Jun 29, 2009 10:14am Jun 29, 2009 10:14am
oh here is
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  • #140,864
  • Jun 29, 2009 10:24am Jun 29, 2009 10:24am
I am still bearish.

No significant break/close above the weekly 38.2 fib from 2.12. Looks like it may roll over.

At 4-hr channel resistance.

I wouldn't rule out a 6100, 5800 or even a 5350 test before the end of the summer.
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  • #140,865
  • Jun 29, 2009 10:26am Jun 29, 2009 10:26am
Quoting jack.canadia
I am still bearish.

No significant break/close above the weekly 38.2 fib from 2.12. Looks like it may roll over.

At 4-hr channel resistance.

I wouldn't rule out a 6100, 5800 or even a 5350 test before the end of the summer.
I will be bullish above 6660.
  • #140,866
  • Jun 29, 2009 10:34am Jun 29, 2009 10:34am
Hi, Bullish for me.. still holding my long..
  • #140,867
  • Jun 29, 2009 10:35am Jun 29, 2009 10:35am
Quoting jack.canadia
I will be bullish above 6660.
You may be right. But this box range is easy pips. It's also kind of hypnotic.

50 up, 50 down, 50 up....

Starting to forget what a breakout looks like...
  • #140,868
  • Jun 29, 2009 10:36am Jun 29, 2009 10:36am
Quoting RichLadyFX
aka sakit kepala. Ranging kuat betul. Berapa lama nak macam ni? For how long? Still watching the action and reaction. The result: No action.
boring chart..ranging..akudah bosannnnnnnnnnnnnnnn
  • #140,869
  • Jun 29, 2009 10:37am Jun 29, 2009 10:37am
Quoting Dillinger
You may be right. But this box range is easy pips. It's also kind of hypnotic.

50 up, 50 down, 50 up....

Starting to forget what a breakout looks like...
Ya this range did my account well the last couple of week. Its clockwork .. buy near 6200, sell near 6600. With proper stop you're protected against a breakout!
  • #140,870
  • Jun 29, 2009 10:38am Jun 29, 2009 10:38am
Have enter shorts.

Taken 40 pips @ 6502 still one position in play. 2nd target 6480

stop moved to 6565.

Have traded this zone four times 1 loss plus 136 pips
  • #140,871
  • Jun 29, 2009 10:39am Jun 29, 2009 10:39am
Anyone expecting cable to inch up to 1.6620 and sell off from there?
Hero Traders Live to see their Accounts Die!
  • #140,872
  • Jun 29, 2009 10:45am Jun 29, 2009 10:45am
If this 1H candle inside bar, i'm waiting for the next candle to take position either higher (BUY) or lower (SELL) than this candle.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #140,873
  • Jun 29, 2009 10:46am Jun 29, 2009 10:46am
Quoting simoneg
Anyone expecting cable to inch up to 1.6620 and sell off from there?
Mee.. Well anyone could expect anything right? Big expectation.. one PO @ 1.6620.. exactly at that point.. and now holding long from 1.6480..
  • #140,874
  • Jun 29, 2009 10:46am Jun 29, 2009 10:46am
i would like to short but the daily charts say its going north but the h4 says short. the daily fib. may say short but the cable doesn't always care about 50% or 61% fib. i hope im strong and will chose to sit on the side.
  • #140,875
  • Jun 29, 2009 10:47am Jun 29, 2009 10:47am
Quoting Yngwie
If this 1H candle inside bar, i'm waiting for the next candle to take position either higher (BUY) or lower (SELL) than this candle.
Ok Cool!
Hero Traders Live to see their Accounts Die!
  • #140,876
  • Jun 29, 2009 10:47am Jun 29, 2009 10:47am
Based on the pivots theory, todays move began from the daily M2 pivot near 6443 and this forecasts a move to the daily M4 pivot at 6636. This will still be within the limits of the range so I will look to sell at 1.6620
  • #140,877
  • Jun 29, 2009 10:48am Jun 29, 2009 10:48am
Quoting jack.canadia
Ya this range did my account well the last couple of week. Its clockwork .. buy near 6200, sell near 6600. With proper stop you're protected against a breakout!

It's been good for my account as well. But it kind of reminds me of this Richard Pryor quote about marriage. As much as you love a movie, you don't want to watch it every night.
  • #140,878
  • Jun 29, 2009 10:52am Jun 29, 2009 10:52am
Quoting jack.canadia
Based on the pivots theory, todays move began from the daily M2 pivot near 6443 and this forecasts a move to the daily M4 pivot at 6636. This will still be within the limits of the range so I will look to sell at 1.6620
Ok, thanks Jack! Will watch price action in that area if we get there.
Hero Traders Live to see their Accounts Die!
  • #140,879
  • Jun 29, 2009 10:55am Jun 29, 2009 10:55am
Quoting jack.canadia
Based on the pivots theory, todays move began from the daily M2 pivot near 6443 and this forecasts a move to the daily M4 pivot at 6636. This will still be within the limits of the range so I will look to sell at 1.6620
cannot agree more... this is what i am hoping now..
  • #140,880
  • Jun 29, 2009 10:58am Jun 29, 2009 10:58am
Quoting mloistianto
cannot agree more... this is what i am hoping now..
Yeah with no significant news, other than a surprise or two, should be a technical day. On days like these such moves usually occurs according to pivots.
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