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Cable Update (GBPUSD)

  • #140,881
  • Jun 29, 2009 10:59am Jun 29, 2009 10:59am
Quoting jack.canadia
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.
Yes.. slow monday.. my view still bullish.. let us see...
  • #140,882
  • Jun 29, 2009 11:05am Jun 29, 2009 11:05am
jack i like the idea of short i was short sunday at 1.65 picked up 25 pips closed it. your pending short is at 1.6620 right? i like the 1.66 area to short but the damn possibility of a brake out makes me not want to trade. any thoughts
  • #140,883
  • Jun 29, 2009 11:08am Jun 29, 2009 11:08am
Quoting tjhimself
jack i like the idea of short i was short sunday at 1.65 picked up 25 pips closed it. your pending short is at 1.6620 right? i like the 1.66 area to short but the damn possibility of a brake out makes me not want to trade. any thoughts
I've actually placed a short order at 6590. Ill risk 50 pips on it (stop at 6640). The sell off was quite large last time 6600 was flirted with.

Above 6600 I expect 6636 area to cap for the day.

I'll be back in a couple hrs.
  • #140,884
  • Jun 29, 2009 11:17am Jun 29, 2009 11:17am
Quoting RichLadyFX
Got problem with YM. Skype possible? Anyway, going out for a while.

hope you not short ... they keep buying the ES off 900. Look like 950 and higher test after shake out at 875
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  • #140,885
  • Jun 29, 2009 11:20am Jun 29, 2009 11:20am
Nice upper trend line here on my M1 to possibly short off.

EJ's where the action is though currently, hoping for a short near 135 on that!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #140,886
  • Jun 29, 2009 11:23am Jun 29, 2009 11:23am
Quoting tjhimself
jack i like the idea of short i was short sunday at 1.65 picked up 25 pips closed it. your pending short is at 1.6620 right? i like the 1.66 area to short but the damn possibility of a brake out makes me not want to trade. any thoughts
i said its almost bullshit 1.66 area broke easily.. IF only if there are any corrections to reach higher high, then you can earn from the correction at least.. a trade will be good around 1.66 area..

Well after all, i'm just human.. Human do mistakes..
  • #140,887
  • Jun 29, 2009 11:24am Jun 29, 2009 11:24am
Quoting pjpipster
VSA Thread Forex factory
Thanks .....god luck to you ...
I`ve been wrong before,and I may be wrong again.
  • #140,888
  • Jun 29, 2009 11:26am Jun 29, 2009 11:26am
Quoting mloistianto
Well after all, i'm just human.. Human do mistakes..
im human too wooooooo
  • #140,889
  • Jun 29, 2009 11:36am Jun 29, 2009 11:36am
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
Jack .. check out post last night from me before London . i suggested i was selling rallies , however looked like a bear trap. If price stayed above the lower value area of Friday 6445 for more than 30 min then 80% chance 6510 would be hit . Odd how uisng pivots or values areas we all come up with same areas. I am only buying dips today , have been on gj and gu all day

this 1 hour shows the way

Attached Image (click to enlarge)
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  • #140,890
  • Jun 29, 2009 11:45am Jun 29, 2009 11:45am
Should the bull want to show soon, would a buy at 6560 and ride then look for a pullback to TP.
  • #140,891
  • Jun 29, 2009 11:49am Jun 29, 2009 11:49am
That trend line held, sadly I jumped on EJ right before it popped up 20+ pips in seconds, typical


Should stick to GU is the moral, put my greed in check, nice and predictable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #140,892
  • Jun 29, 2009 11:52am Jun 29, 2009 11:52am
Quoting deyler
Should the bull want to show soon, would a buy at 6560 and ride then look for a pullback to TP.

I'm still waiting for PA around the 6600 level. Not so sure it will get there today though. I have an alert set at 6565 at which time I "may" consider another short from there.

Made a nice short 3 lot rip off from there 3 hours ago.
Ghost Rider - WWTBMD?
  • #140,893
  • Jun 29, 2009 11:55am Jun 29, 2009 11:55am
I think this is a bull flag
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  • #140,894
  • Jun 29, 2009 12:02pm Jun 29, 2009 12:02pm
Quoting Turveyd
Nice upper trend line here on my M1 to possibly short off.

EJ's where the action is though currently, hoping for a short near 135 on that!!

why short something that is liekly to go another 100 pips in tokyo ??? buying dips is way to go on gu , gj and ej today.

ES is rocking 925 test coming no signs sellers .. not a day to be trying to fade the trend on the crosses off a 1m in chart IMHO
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  • #140,895
  • Jun 29, 2009 12:06pm Jun 29, 2009 12:06pm
Hi, I'm new here. Have a buy position too on GU on breakeven. TP 1.6630 IMHO
  • #140,896
  • Jun 29, 2009 12:06pm Jun 29, 2009 12:06pm
Quoting malcolmb14
Jack .. check out post last night from me before London . i suggested i was selling rallies , however looked like a bear trap. If price stayed above the lower value area of Friday 6445 for more than 30 min then 80% chance 6510 would be hit . Odd how uisng pivots or values areas we all come up with same areas. I am only buying dips today , have been on gj and gu all day

this 1 hour shows the way

Attachment
Price close above daily pivot, buy on dips is the way to go

"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #140,897
  • Jun 29, 2009 12:07pm Jun 29, 2009 12:07pm
Quoting malcolmb14
why short something that is liekly to go another 100 pips in tokyo ??? buying dips is way to go on gu , gj and ej today.

ES is rocking 925 test coming no signs sellers .. not a day to be trying to fade the trend on the crosses off a 1m in chart IMHO

hmm well said mal....i dont know why people focus much on shorting this pairs without any good reversal to profit in the short....i have been long on gj today and not bad will hold it while i lock in pips....what up with you mate..
MY OPINION NOT FINANCIAL ADVISE
  • #140,898
  • Jun 29, 2009 12:08pm Jun 29, 2009 12:08pm
Quoting JhonMonsalve
Price close above daily pivot, buy on dips is the way to go

Check this weekly chart GBP index:

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Nice huh? The pound is pretty bullish!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #140,899
  • Jun 29, 2009 12:11pm Jun 29, 2009 12:11pm
Quoting Turveyd
That trend line held, sadly I jumped on EJ right before it popped up 20+ pips in seconds, typical


Should stick to GU is the moral, put my greed in check, nice and predictable.

not typical. It is you not the markets .... sorry but you are your own worst enemy. The 15 min chart of ej clearly shows the uptrend and buying dips is only way to go right now. The ES is pushing thru highs of day

also off topic but did you notice the inverse h and s 4 hour and the fact that you are trying to sell of the neckline when price on 1 hour say more up to 135.5 / 136 maybe even higher to 138

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  • #140,900
  • Jun 29, 2009 12:15pm Jun 29, 2009 12:15pm
Quoting donfriday
hmm well said mal....i dont know why people focus much on shorting this pairs without any good reversal to profit in the short....i have been long on gj today and not bad will hold it while i lock in pips....what up with you mate..

I know why .. they like losing money. The trend is your friend is not always the way , but today it is

expecting to see test 160.70 gj later .. that mean gu should move up thru 1.6600

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