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Cable Update (GBPUSD)

  • #143,541
  • Jul 7, 2009 7:46am Jul 7, 2009 7:46am
Quoting albchr
Same here man (no dragon). Flat the GU right right now. Ripped off a few hundred $ on a GU short from last night.

A few more on a long EU this morning and my trailer just got hit on a EU short for +10.

Slow day.....
lol yea, we shoulda expected this after the carnage yesterday
Thank You
  • #143,542
  • Jul 7, 2009 7:46am Jul 7, 2009 7:46am
Only problem is to me it looks like. HH HL HH if you know what i mean.
  • #143,543
  • Jul 7, 2009 7:47am Jul 7, 2009 7:47am
Quoting simoneg
Yes Jack, just saw that 6300-25 must be watched closely.
nice entry at support
  • #143,544
  • Jul 7, 2009 7:49am Jul 7, 2009 7:49am
6370 is my long target

daily R1 (recall i said we bounce from daily S1) and also there is a 138.2 extension there from yesterday. .. this is if my long from doesnt get stopped BE
  • #143,545
  • Jul 7, 2009 7:50am Jul 7, 2009 7:50am
Quoting Bull_Bear
TP is 1.6050
I am in on this one with you matey.......
Let Price determine your future!
  • #143,546
  • Jul 7, 2009 7:51am Jul 7, 2009 7:51am
Until I see 256 Broken With confidence....I am still short....If it is then I will consider...Also HS forming somewhere lets see..
Let Price determine your future!
  • #143,547
  • Jul 7, 2009 7:51am Jul 7, 2009 7:51am
Quoting jack.canadia
nice entry at support
yea nice setup!
Hero Traders Live to see their Accounts Die!
  • #143,548
  • Jul 7, 2009 7:53am Jul 7, 2009 7:53am
Quoting wormboy
lol yea, we shoulda expected this after the carnage yesterday
Actually, kinda did. It's all your fault you know for praying for no more ranging last week....

I'd be happy with a definable range right now instead of all this wishy washy crap....
Ghost Rider - WWTBMD?
  • #143,549
  • Jul 7, 2009 7:53am Jul 7, 2009 7:53am
Quoting jack.canadia
ya the hourly looks like a 123 reversal pattern for now, and price action is bullish still on the 15 minute.

tons of resistance at 6300 though, thats the level to beat to move up
i agree,i like 1,2,3 pattern,but i waiting for pullback (h1 trendline broken)and 6200-6210 go long pt1 6293 pt2 6385..agree Jack?
  • #143,550
  • Jul 7, 2009 7:55am Jul 7, 2009 7:55am
Quoting paul czech
i agree,i like 1,2,3 pattern,but i waiting for pullback (h1 trendline broken)and 6200-6210 go long pt1 6293 pt2 6385..agree Jack?
ill play this conservative .. wait for a 6300 break then buy on a retest of 6300

lot of resistance there .. and no direction now so we wait
  • #143,551
  • Jul 7, 2009 7:58am Jul 7, 2009 7:58am
Quoting jack.canadia
ill play this conservative .. wait for a 6300 break then buy on a retest of 6300

lot of resistance there .. and no direction now so we wait
yeah,6300 will be big bullish moment...good luck Jack
  • #143,552
  • Jul 7, 2009 7:59am Jul 7, 2009 7:59am
BE Hit! Watching 1.6172 for long!
Hero Traders Live to see their Accounts Die!
  • #143,553
  • Jul 7, 2009 8:03am Jul 7, 2009 8:03am
Quoting Geppyg
I am in on this one with you matey.......
Yeah disappointing that last night session 1.6190/1.6220 did not hold. This sideways action is boring for now but she will find the down side again.

EUR has made 150 pips move north and finding resistance at 1.4050 so hopefully halt the GBP move up too.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,554
  • Jul 7, 2009 8:06am Jul 7, 2009 8:06am
Quoting simoneg
BE Hit! Watching 1.6172 for long!
dont keep thinking long .. i may just stay away ... i dont function in these types of markets .. i need solid support or resistance to trade ... popping off positions in the middle of chop = losses and drawdown

took 30 so far today so im going to wait for a bit
  • #143,555
  • Jul 7, 2009 8:11am Jul 7, 2009 8:11am
short @ 6221.. TP 6100..
any suggest from here ?
Juz a newbie learn to get rich.
  • #143,556
  • Jul 7, 2009 8:12am Jul 7, 2009 8:12am
Did anyone take my short call @ 1.6250?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,557
  • Jul 7, 2009 8:12am Jul 7, 2009 8:12am
Quoting albchr
Actually, kinda did. It's all your fault you know for praying for no more ranging last week....

I'd be happy with a definable range right now instead of all this wishy washy crap....
hahahaha i don't care if it's my fault, I hate ranges!
anyway, looks like we diving now. get your goggles ready bro
Thank You
  • #143,558
  • Jul 7, 2009 8:14am Jul 7, 2009 8:14am
can anyone suggest a way of telling that the choppy market is over as breakouts dont seem to effect the choppines?
  • #143,559
  • Jul 7, 2009 8:15am Jul 7, 2009 8:15am
Quoting wormboy
hahahaha i don't care if it's my fault, I hate ranges!
anyway, looks like we diving now. get your goggles ready bro

lets gooo..
i'm readyyy to dive to the deep deeper and deeper..
Juz a newbie learn to get rich.
  • #143,560
  • Jul 7, 2009 8:16am Jul 7, 2009 8:16am
It looks like cable is forming 4th wave triangle atm. I'm still holding shorts from yesterday.

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