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Cable Update (GBPUSD)

  • #142,981
  • Jul 6, 2009 7:03am Jul 6, 2009 7:03am
Quoting 4cfx
Hi BB, thinking the same here. I'm waiting for retrace to 62 before short entry.
Yeah, 1.6200 - 1.6220 was very strong support...... everything been equal should provide very strong resistance = good risk reward entry
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #142,982
  • Jul 6, 2009 7:04am Jul 6, 2009 7:04am
Heres how i confirmed a bounce might be highly probably from the Daily S3 .. I used MACD and it diverged bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: bullish.gif Size: 21 KB
  • #142,983
  • Jul 6, 2009 7:06am Jul 6, 2009 7:06am
Quoting Bull_Bear
It helps....
are you incane wy you go long so early with such a strong bear breakout can you show more resoning for your trade pls
  • #142,984
  • Jul 6, 2009 7:08am Jul 6, 2009 7:08am
Quoting jack.canadia
Heres how i confirmed a bounce might be highly probably from the Daily S3 .. I used MACD and it diverged bullish.
Watch out! A divergence on 5m TF means nothing. Dailies are still bearish.
  • #142,985
  • Jul 6, 2009 7:09am Jul 6, 2009 7:09am
Quoting jack.canadia
we think alike. i like 6210/30 as target and also new shorts.

tight stops below the lows right now though.

should hold since at psych 6100 level and daily S3 pivot
hi jack
is your stratagay to hedge with tight stops can you clarify
thanks
  • #142,986
  • Jul 6, 2009 7:11am Jul 6, 2009 7:11am
Quoting pqt
Watch out! A divergence on 5m TF means nothing. Dailies are still bearish.
Quite right. But I think the guys are only risking their long position up to the low 62xx area, which I personally think is doable.
That being said, I am still holding short!
Thank You
  • #142,987
  • Jul 6, 2009 7:11am Jul 6, 2009 7:11am
Quoting paulw6182
are you incane wy you go long so early with such a strong bear breakout can you show more resoning for your trade pls
I might be insane..... are u? so far my calls have reaped +289pips & +137pips.... now my long +24pips.

Am I insane, maybe I am.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #142,988
  • Jul 6, 2009 7:12am Jul 6, 2009 7:12am
Quoting pqt
Watch out! A divergence on 5m TF means nothing. Dailies are still bearish.
lol budddyyy .. you'd be suprised how many times im right around here with my method.

i am long from 6115 still..after being short over night from 6320 .. how about you?
  • #142,989
  • Jul 6, 2009 7:12am Jul 6, 2009 7:12am
Quoting paulw6182
hi jack
is your stratagay to hedge with tight stops can you clarify
thanks
I cant hedge with my broker.
  • #142,990
  • Jul 6, 2009 7:13am Jul 6, 2009 7:13am
Quoting Bull_Bear
I might be insane..... are u? so far my calls have reaped +289pips & +137pips.... now my long +24pips.

Am I insane, maybe I am.....
damn all the haters!
  • #142,991
  • Jul 6, 2009 7:14am Jul 6, 2009 7:14am
Quoting jack.canadia
damn all the haters!
I don't hate you doc!
Thank You
  • #142,992
  • Jul 6, 2009 7:15am Jul 6, 2009 7:15am
Quoting jack.canadia
I cant hedge with my broker.
I woke up earlier this morning and decided to see what was up around here.. I saw price sitting right on daily S3 which was also the psychological 6100 level after a 230 pip downmove .. i checked the 5 minute MACD, one of the tools i look at to see if the pivot might be respected. I noticed bullish divergence and closed my shorts, entered long at 6115 for a re-test of the range bottom between 6200/6220.

bulbear outlined his plan to short there also.
  • #142,993
  • Jul 6, 2009 7:15am Jul 6, 2009 7:15am
Quoting jack.canadia
damn all the haters!
Green pips is all that matters mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #142,994
  • Jul 6, 2009 7:16am Jul 6, 2009 7:16am
Quoting wormboy
I don't hate you doc!
i know .. but hey .. did someone say 5300 alot last week? i think his initials are WB .. you know him?
  • #142,995
  • Jul 6, 2009 7:18am Jul 6, 2009 7:18am
Quoting wormboy
Quite right. But I think the guys are only risking their long position up to the low 62xx area, which I personally think is doable.
That being said, I am still holding short!
Same like me bro..
  • #142,996
  • Jul 6, 2009 7:20am Jul 6, 2009 7:20am
Quoting jack.canadia
i know .. but hey .. did someone say 5300 alot last week? i think his initialy are WB .. you know him?
I know the guy! Some muppet were calling him crazy when he said 5300!
Btw, I think he's been calling 5300 a lot since the beginning of June, nevermind last week!
Thank You
  • #142,997
  • Jul 6, 2009 7:21am Jul 6, 2009 7:21am
Quoting dollarsmagic
Same like me bro..
Thank You
  • #142,998
  • Jul 6, 2009 7:23am Jul 6, 2009 7:23am
Quoting wormboy
I know the guy! Some muppet were calling him crazy when he said 5300!
Btw, I think he's been calling 5300 a lot since the beginning of June, nevermind last week!
The Muppet came and disappeared real quick.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #142,999
  • Jul 6, 2009 7:23am Jul 6, 2009 7:23am
Quoting wormboy
I know the guy! Some muppet were calling him crazy when he said 5300!
Btw, I think he's been calling 5300 a lot since the beginning of June, nevermind last week!
haha that is true!
  • #143,000
  • Jul 6, 2009 7:24am Jul 6, 2009 7:24am
Quoting Bull_Bear
I might be insane..... are u? so far my calls have reaped +289pips & +137pips.... now my long +24pips.

Am I insane, maybe I am.....
may b ineed to go a little crazy buy lo sell high buy lo sell hi..
wish you the best of luck on the trade good for you!
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