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Cable Update (GBPUSD)

  • #143,121
  • Jul 6, 2009 9:51am Jul 6, 2009 9:51am
Quoting Dillinger
I thought something was odd. My daily pivot was near your S2 level.

Today was the first day I was trying out the Daily Pivots, so the settings were a bit off. I had it set to GMT 0, (but my broker is EST)

I just reset it for GMT 20 and now it's right.

I got out of my long at the daily pivot!! lol
haha..
  • #143,122
  • Jul 6, 2009 9:51am Jul 6, 2009 9:51am
Quoting simoneg
Thanks Jack! Watching 1.6238 area.
Ya my next short is between 6230/50
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  • #143,123
  • Jul 6, 2009 9:53am Jul 6, 2009 9:53am
obama speaks soon on bloomberg
  • #143,124
  • Jul 6, 2009 9:54am Jul 6, 2009 9:54am
Hi Jack,

Might I ask you something? Could you tell me what is the Daily pivots point for S&P500 nad DJI? Thank you
Also, I saw that you have very quick access to news. Could you share the source (Bloomberg channel, any webside, etc)

Kind regards,
London Trader

Quoting jack.canadia


we'll be lucky to see lower than 6100 today just based on the average daily movements of GU .. so dont get too greedy with potential profits on shorts.
Discomfort and profit often stand side by side
  • #143,125
  • Jul 6, 2009 9:56am Jul 6, 2009 9:56am
Quoting jack.canadia
Ya my next short is between 6230/50
Cool Cool!
Hero Traders Live to see their Accounts Die!
  • #143,126
  • Jul 6, 2009 9:57am Jul 6, 2009 9:57am
Quoting jack.canadia
Ya my next short is between 6230/50
i have this sneaky feeling we might see 6400 again bro. price had respected the h4 ltl from apr 22nd.
Thank You
  • #143,127
  • Jul 6, 2009 9:59am Jul 6, 2009 9:59am
Quoting wormboy
i have this sneaky feeling we might see 6400 again bro. price had respected the h4 ltl from apr 22nd.
ya? that trendline seems minor though .. this range breakout may trump that

who knows
  • #143,128
  • Jul 6, 2009 10:03am Jul 6, 2009 10:03am
Quoting LondonTrader
Hi Jack,

Might I ask you something? Could you tell me what is the Daily pivots point for S&P500 nad DJI? Thank you
Also, I saw that you have very quick access to news. Could you share the source (Bloomberg channel, any webside, etc)

Kind regards,
London Trader
bloomberg .. also the calendar on here .. i refresh it constantly right at news time

i tried to post the pivots on the charts but they dont seem to want to work properly .. search for them online should be able to find them
  • #143,129
  • Jul 6, 2009 10:05am Jul 6, 2009 10:05am
Quoting jack.canadia
ya? that trendline seems minor though .. this range breakout may trump that

who knows
yea well as minor as it may seem, so far price had bounced off it hard.
But like you said, who knows. I'm just about ready to long this if she close above 6200.
Thank You
  • #143,130
  • Jul 6, 2009 10:06am Jul 6, 2009 10:06am
Quoting wormboy
yea well as minor as it may seem, so far price had bounced off it hard.
But like you said, who knows. I'm just about ready to long this if she close above 6200.
ya the bounce was at daily S3 pivot so its already been an over extended day on the short side
  • #143,131
  • Jul 6, 2009 10:06am Jul 6, 2009 10:06am
lock +50 from 1.61 buy limit for GU...TP=H4 38.2% =1.6350
Lock +5 from 153.25 for GY...TP=155

Sell limit GU @ 38.2%-50% in my mini..
Sell limit for GY @ 38.2% H4 155.50 in my mini....
Good luck to all and happy trading....
  • #143,132
  • Jul 6, 2009 10:07am Jul 6, 2009 10:07am
Hello - is anyone out there!

ER Pls: I'm sitting in the middle of a retrace from 6110. What's your take pls. I'm -100 pips already and the PA looks to be going to 6250.

Do I cut my losses or hold on and wait for a return to the downtrend?
In all your ways acknowledge Him and He will direct your path.
  • #143,133
  • Jul 6, 2009 10:08am Jul 6, 2009 10:08am
Looking like, we are turning back up after a wild ride down.

Top of the range looking for a long on a pull back I guess.


interesting!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,134
  • Jul 6, 2009 10:09am Jul 6, 2009 10:09am
Quoting wormboy
yea well as minor as it may seem, so far price had bounced off it hard.
But like you said, who knows. I'm just about ready to long this if she close above 6200.
Do you mean a close on a daily, 1H or 4H above 6200 to long? And what might the target be?
  • #143,135
  • Jul 6, 2009 10:09am Jul 6, 2009 10:09am
Quoting grashid
lock +50 from 1.61 buy limit for GU...TP=H4 38.2% =1.6350
Lock +5 from 153.25 for GY...TP=155

Sell limit GU @ 38.2%-50% in my mini..
Sell limit for GY @ 155.50 in my mini....
Good luck to all and happy trading....
lol, those tp you have are amazingly close to what I have bro. I don't use fibs, but it never cease to amaze me how close those levels get to my trendlines.
Cheers bro & good luck with your trading!
Thank You
  • #143,136
  • Jul 6, 2009 10:11am Jul 6, 2009 10:11am
Quoting OmegaFire
Hello - is anyone out there!

ER Pls: I'm sitting in the middle of a retrace from 6110. What's your take pls. I'm -100 pips already and the PA looks to be going to 6250.

Do I cut my losses or hold on and wait for a return to the downtrend?
u shorted at 6110? wtf
  • #143,137
  • Jul 6, 2009 10:11am Jul 6, 2009 10:11am
Quoting Ipips
Do you mean a close on a daily, 1H or 4H above 6200 to long? And what might the target be?
The h4 close bro. Target at 6400 level. (6425 from where price stands now)
Here's the chart : http://www.forexfactory.com/showpost...stcount=143113

Good luck
Thank You
  • #143,138
  • Jul 6, 2009 10:13am Jul 6, 2009 10:13am
Quoting wormboy
lol, those tp you have are amazingly close to what I have bro. I don't use fibs, but it never cease to amaze me how close those levels get to my trendlines.
Cheers bro & good luck with your trading!
Let we bring my Maria for dancing together or we bring her..mmm....
K mate..Good luck..Take care and happy green pips to all...
  • #143,139
  • Jul 6, 2009 10:14am Jul 6, 2009 10:14am
Quoting grashid
lock +50 from 1.61 buy limit for GU...TP=H4 38.2% =1.6350
Lock +5 from 153.25 for GY...TP=155

Sell limit GU @ 38.2%-50% in my mini..
Sell limit for GY @ 38.2% H4 155.50 in my mini....
Good luck to all and happy trading....
salam bro where you set your GU pending???


Ub
  • #143,140
  • Jul 6, 2009 10:16am Jul 6, 2009 10:16am
Quoting ubaidahsan
salam bro where you set your GU pending???


Ub
salam..check my previous post in my mini (H4 38.2 & 50%)....Need to go..late already..Take care mate
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