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Cable Update (GBPUSD)

  • #141,741
  • Jul 1, 2009 9:39am Jul 1, 2009 9:39am
Quoting Player1
thanks 4 the advice, u got a pic of a nice flag for me... sl moved to 16475
hey there no offense intended buddy, I apologize if I came across that way.

http://www.shareselect.com.au/images...lagdiagram.jpg

here is a neat textbook version of a flag they usually are preceded by long poles and lean on an almost 45 degree angle
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #141,742
  • Jul 1, 2009 9:45am Jul 1, 2009 9:45am
Quoting Nene
The $64,000.00 question
YES
  • #141,743
  • Jul 1, 2009 9:49am Jul 1, 2009 9:49am
Quoting Nene
It was starting to look like a Bull flag, however, the Candle Formation is definately Bullish.
Reason being was that 16525 is 50% between the 161.8% of y'days downwards move from 16744 and 261.8% fib.
  • #141,744
  • Jul 1, 2009 9:49am Jul 1, 2009 9:49am
Quoting Nene
The $64,000.00 question
If you bank that, that would be swell .. I'll make oh about $130 if my TP hits lol
  • #141,745
  • Jul 1, 2009 9:50am Jul 1, 2009 9:50am
Good Morning All! Market is more likely to pull back to 1.6475 support or 1.6457 before any further up movement. My humble view.
Hero Traders Live to see their Accounts Die!
  • #141,746
  • Jul 1, 2009 9:52am Jul 1, 2009 9:52am
6490 is first support barrier on way down.
  • #141,747
  • Jul 1, 2009 9:52am Jul 1, 2009 9:52am
Quoting simoneg
Good Morning All! Market is more likely to pull back to 1.6475 support or 1.6457 before any further up movement. My humble view.
75/90, sorry
  • #141,748
  • Jul 1, 2009 9:52am Jul 1, 2009 9:52am
DOWN CABLE DOWN
  • #141,749
  • Jul 1, 2009 9:53am Jul 1, 2009 9:53am
Quoting jack.canadia
6490 is first support barrier on way down.
Yes that is true!
Hero Traders Live to see their Accounts Die!
  • #141,750
  • Jul 1, 2009 9:56am Jul 1, 2009 9:56am
Quoting Faryad
DOWN CABLE DOWN
I'm with you mate..Babe is gonna kneel down
  • #141,751
  • Jul 1, 2009 9:59am Jul 1, 2009 9:59am
Quoting djambazov84
hey there no offense intended buddy, I apologize if I came across that way.

http://www.shareselect.com.au/images...lagdiagram.jpg

here is a neat textbook version of a flag they usually are preceded by long poles and lean on an almost 45 degree angle
None taken :-) best foot forwards... . thanks for the link any challenge welcome!
  • #141,752
  • Jul 1, 2009 10:01am Jul 1, 2009 10:01am
Took my profits for +40 at 6490 already! Anyone still in have funnnn
  • #141,753
  • Jul 1, 2009 10:01am Jul 1, 2009 10:01am
What's your next play Jack??
  • #141,754
  • Jul 1, 2009 10:02am Jul 1, 2009 10:02am
The new dudes here could take what happened here as a lesson learned. I was waiting for the DPP to be broken and tested before I add my long. Since there was no breach and test, I did not lose anything on that position I was looking at. Wormy was right......This Time.

Ne
  • #141,755
  • Jul 1, 2009 10:03am Jul 1, 2009 10:03am
Quoting jack.canadia
Took my profits for +40 at 6490 already! Anyone still in have funnnn

H1 closed completely engulfing the previous price. We dive.
Have a good one jack.
Thank You
  • #141,756
  • Jul 1, 2009 10:03am Jul 1, 2009 10:03am
Quoting jack.canadia
Took my profits for +40 at 6490 already! Anyone still in have funnnn
Also flipped and went long 6480 and 6485 at support.
  • #141,757
  • Jul 1, 2009 10:06am Jul 1, 2009 10:06am
Exciter, i have a MML indicator that im going to start using as well. Either price likes the pivot points of MML eac day. Today seems to be an MML day and one overlapped exactly with the 80/85 support! Took the long and am getting some pips.
  • #141,758
  • Jul 1, 2009 10:08am Jul 1, 2009 10:08am
Well, the markets are up (stocks) after the ISM news but the USD got a bit stronger. So i took the wave down then bought at support in line with rising stock indexes.

For now im long.
  • #141,759
  • Jul 1, 2009 10:09am Jul 1, 2009 10:09am
Here is a possible daily target for you today. Bottom of that Daily triangle.

Ne
  • #141,760
  • Jul 1, 2009 10:11am Jul 1, 2009 10:11am
Quoting Nene
Here is a possible daily target for you today. Bottom of that Daily triangle.

Ne
If she stays bullish then 6600 looks like a good target .. downside 6350/5 like u stated
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