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Cable Update (GBPUSD)

  • #141,781
  • Jul 1, 2009 11:08am Jul 1, 2009 11:08am
Still consolidation - might go south to 1.63x

what do you think jack.canada
In all your ways acknowledge Him and He will direct your path.
  • #141,782
  • Jul 1, 2009 11:09am Jul 1, 2009 11:09am
Quoting roreki
wt just happened ?
No idea but i just did some fast scalping .. up and down up and down!
  • #141,783
  • Jul 1, 2009 11:11am Jul 1, 2009 11:11am
Quoting Limstylz
Did anyone catch the last 5 mins of spikiness?
london just closed. happens sometime
  • #141,784
  • Jul 1, 2009 11:13am Jul 1, 2009 11:13am
FOREX TRADING HOURS.
　
New York opens 8:00 am to 5:00 pm EST

Sydney opens 5:00 pm to 2:00 am EST

Tokyo opens 7:00 pm to 4:00 am EST

London opens 3:00 am to 12:00 noon EST
  • #141,785
  • Jul 1, 2009 11:24am Jul 1, 2009 11:24am
Quoting jack.canadia
No idea but i just did some fast scalping .. up and down up and down!
  • #141,786
  • Jul 1, 2009 11:35am Jul 1, 2009 11:35am
Quoting Peter33
FOREX TRADING HOURS.
　
New York opens 8:00 am to 5:00 pm EST

Sydney opens 5:00 pm to 2:00 am EST

Tokyo opens 7:00 pm to 4:00 am EST

London opens 3:00 am to 12:00 noon ES
http://www.timezoneconverter.com/cgi-bin/tzref.tzc
  • #141,787
  • Jul 1, 2009 11:40am Jul 1, 2009 11:40am
Dr. Jack are u still hold your long ?
i'm newbie here and need suggest...
thanks..
Juz a newbie learn to get rich.
  • #141,788
  • Jul 1, 2009 11:45am Jul 1, 2009 11:45am
Quoting OmegaFire
Still consolidation - might go south to 1.63x

what do you think jack.canada
As of right now I am looking to sell just below 6600. As for direction, intraday its up, and based on the fall from 6700 though its down, hence why i want to short again.
  • #141,789
  • Jul 1, 2009 11:45am Jul 1, 2009 11:45am
Quoting lUnk2
Dr. Jack are u still hold your long ?
i'm newbie here and need suggest...
thanks..
My longs from 6480 have been closed already.
  • #141,790
  • Jul 1, 2009 11:49am Jul 1, 2009 11:49am
thanks doc for ur suggest...
hehe..
may i know what indicator that u have ?
thanks a lot..
Juz a newbie learn to get rich.
  • #141,791
  • Jul 1, 2009 11:56am Jul 1, 2009 11:56am
i am holding my long still right @ 1.6486 my fibo level 50 percent... let it roll for sometimes.. if this works then most likely we will meet higher high.. lets hope soo...
  • #141,792
  • Jul 1, 2009 11:58am Jul 1, 2009 11:58am
Quoting lUnk2
thanks doc for ur suggest...
hehe..
may i know what indicator that u have ?
thanks a lot..
Heres the indicators.. calibrate the pivots to 0.

This chart shows my justification to short against 6600.

daily m3 - 6609
15 min mml 8/8 - 6602
1h mml 4/8 - 6602
61.8% fib
resistance
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 21 KB
Attached File(s)
File Type: mq4 Pivots_Daily.mq4   17 KB | 263 downloads
File Type: mq4 Pivots_Daily_Medians.mq4   16 KB | 269 downloads
File Type: mq4 MML_Multi_Option_v1.23.mq4   27 KB | 280 downloads
  • #141,793
  • Jul 1, 2009 12:00pm Jul 1, 2009 12:00pm
Quoting mloistianto
i am holding my long still right @ 1.6486 my fibo level 50 percent... let it roll for sometimes.. if this works then most likely we will meet higher high.. lets hope soo...
i hope so..
but i think it's so hard to break pivot point..
my long from @ 6413 n TP @ 6555..
where is your TP bro ?
Juz a newbie learn to get rich.
  • #141,794
  • Jul 1, 2009 12:05pm Jul 1, 2009 12:05pm
here is my chart...
thanks jack for ur help...
thanks a lot from this forum that helpfull for me..
happy trade...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.JPG Size: 154 KB
Juz a newbie learn to get rich.
  • #141,795
  • Jul 1, 2009 12:10pm Jul 1, 2009 12:10pm
Quoting lUnk2
i hope so..
but i think it's so hard to break pivot point..
my long from @ 6413 n TP @ 6555..
where is your TP bro ?
Nice entry!
  • #141,796
  • Jul 1, 2009 12:14pm Jul 1, 2009 12:14pm
Quoting jack.canadia
Nice entry!
i think your indicator MML same like mine Fibbonaci Pivot.. isn't right ?
i got it from the other thread...
haha..
thank's jack..
jack have an msn or ym ? send me by pm pliz..
if u wish..
Juz a newbie learn to get rich.
  • #141,797
  • Jul 1, 2009 12:15pm Jul 1, 2009 12:15pm
Quoting lUnk2
i hope so..
but i think it's so hard to break pivot point..
my long from @ 6413 n TP @ 6555..
where is your TP bro ?
my tp is manual until i sleep.. 6600 most likely.. but man.. you have a great entry.. cool.. a total leap up will hard at least we can short from 6600 just like Jack said before..

6600 proved to be a good resistance.. we will see.. how it will play..
  • #141,798
  • Jul 1, 2009 12:18pm Jul 1, 2009 12:18pm
Quoting mloistianto
my tp is manual until i sleep.. 6600 most likely.. but man.. you have a great entry.. cool.. a total leap up will hard at least we can short from 6600 just like Jack said before..
yeah..
i go long 3 p.m in indo..
im indonesian..
hehe..
where r u came from guys ?
sory if my english so bad..
nice share..
Juz a newbie learn to get rich.
  • #141,799
  • Jul 1, 2009 12:25pm Jul 1, 2009 12:25pm
Quoting mloistianto
my tp is manual until i sleep.. 6600 most likely.. but man.. you have a great entry.. cool.. a total leap up will hard at least we can short from 6600 just like Jack said before..
yeah 6600 seems like a logical intraday target. its also near the 61.8 of the fall from 67xx, more times than not the 61.8% is tested once a new high is in place (assuming that 67xx tops for now).

today this report was released about the fed...
http://www.bloomberg.com/apps/news?p...d=aoQtYnu9Q5Ck

part of it reads..

The 62-year-old bank chief, who votes on monetary policy this year, compared the financial crisis to “a hundred-year flood: a disaster of the highest order which has put us on continuous emergency footing.”
“I expect that we will turn the growth corner sometime later this year, but I am not optimistic that the economy will spring back to normal anytime soon,” she said. Unemployment will “remain painfully high for several more years.”
The world’s largest economy has lost 6 million jobs since December 2007, the start of the deepest recession in 50 years.

someone stated earlier in here that any NFP reading worse than expected tomorrow will (well should) lead to sell offs in equities and thus strength in the dollar.
  • #141,800
  • Jul 1, 2009 12:29pm Jul 1, 2009 12:29pm
im off for about an hr .. not much movement
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