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Cable Update (GBPUSD)

  • #143,901
  • Jul 8, 2009 12:05am Jul 8, 2009 12:05am
Quoting Ipips
Thanks mate. Yea, will have to monitor price action at daily pivot if it does get up there.
i expect a reaction to the daily pivot .. if so most likely to the downside is near 6100 again .. if 6100 gives out then good chance to stay short .. if it bounces from 6100 as it just did then just be careful

break above daily pivot and the target is, on a technical basis, 6298 (remember this is the pivots theory .. purely speculative)
  • #143,902
  • Jul 8, 2009 12:12am Jul 8, 2009 12:12am
man it keeps touching the M2 line and wont break it...
With Great Money Management Comes Great Success PATIENCE
  • #143,903
  • Jul 8, 2009 12:13am Jul 8, 2009 12:13am
Quoting jack.canadia
i dont know .. i took longs from M2 at 6077

alot of pairs that i looked at were at resistance/support .. ucad double topped and fell .. malcolmb said sp500 was at support.. alot of support at 6060 in cable ..

buy at support sell at resistance .. the pivot trade might be good for 20-30 .. use a sl

maybe a short at close to 6145 as possible .. dont get on early

I also said I think gu test 1.5900 / 1.5800 before tomorrow. That support if it does play out will not be until tomorrow us session
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  • #143,904
  • Jul 8, 2009 12:21am Jul 8, 2009 12:21am
Quoting malcolmb14
I also said I think gu test 1.5900 / 1.5800 before tomorrow. That support if it does play out will not be until tomorrow us session
I agree with you on the possibility of seeing 5900 level first before pulling elsewhere. Just this thing had been a slug.
My baby dragon had offered better trade options compared to cable this week so far.
Thank You
  • #143,905
  • Jul 8, 2009 12:21am Jul 8, 2009 12:21am
Short @ 1.6096 (initial SL @ 1.6310).
  • #143,906
  • Jul 8, 2009 12:22am Jul 8, 2009 12:22am
I agree with all of u as wave strategy which i always like currently important thing will be earning this week and next week

If good can save people from long but waves always tell us earlier
where we are heading and currently the indicators and wave strategy from Gann theory or wave thoery we are nearly bottom and looking to buy so we need a clear direction tomorrow so can plan accordingly
i still think will be down as wave 5
in wave4 andwave c is required to happen before rally up new to wave 5
  • #143,907
  • Jul 8, 2009 12:26am Jul 8, 2009 12:26am
Quoting redrose
I agree with all of u as wave strategy which i ...
Hi peter.
A chart would help to illustrate your analysis better methinks.
Have a good one
Thank You
  • #143,908
  • Jul 8, 2009 12:27am Jul 8, 2009 12:27am
Hi Jack

I have applied the Daily Pivot indicator you posted earlier. Just want to confirm the start hour you have set as well as your Daily PP reading this moment.

Thanks
  • #143,909
  • Jul 8, 2009 12:28am Jul 8, 2009 12:28am
the forum is starting to get one sided again .. sentiment extreme?? lol

im about to make 3 pips on my long
  • #143,910
  • Jul 8, 2009 12:28am Jul 8, 2009 12:28am
Quoting Jun
Hi Jack

I have applied the Daily Pivot indicator you posted earlier. Just want to confirm the start hour you have set as well as your Daily PP reading this moment.

Thanks
start hour is 0 for me .. whats your current 1 hour bar time?
  • #143,911
  • Jul 8, 2009 12:31am Jul 8, 2009 12:31am
Quoting Jun
Hi Jack

I have applied the Daily Pivot indicator you posted earlier. Just want to confirm the start hour you have set as well as your Daily PP reading this moment.

Thanks
sry daily pp = 6146
  • #143,912
  • Jul 8, 2009 12:32am Jul 8, 2009 12:32am
Current 1hr time bar is 07.00
  • #143,913
  • Jul 8, 2009 12:32am Jul 8, 2009 12:32am
Quoting Jun
Current 1hr time bar is 07.00
set the start hr to 22 and see if ur daily pivot is what i said
  • #143,914
  • Jul 8, 2009 12:36am Jul 8, 2009 12:36am
thanks, got it at start hr=2, daily PP at 1.6147.
  • #143,915
  • Jul 8, 2009 12:37am Jul 8, 2009 12:37am
Quoting jack.canadia
lionnnnnnn
I was forced to close out at -10 and switched sides for a short into 1.58

Now no more of 1 min scalping, I will follow it on 4 hour only
  • #143,916
  • Jul 8, 2009 12:38am Jul 8, 2009 12:38am
Quoting Jun
thanks, got it at start hr=2, daily PP at 1.6147.
sweet deal .. i recomend sticking with that setting and learning how to combine the levels with support and resistance, as well as fibonacci levels
  • #143,917
  • Jul 8, 2009 12:40am Jul 8, 2009 12:40am
Jack i'm looking for a similar fib entry on the short - do you think it'll still get up there - euro entering and bashing it back down before new shorts are possible ... ?
  • #143,918
  • Edited 12:51am Jul 8, 2009 12:40am | Edited 12:51am
it seems we will hit 1.6000 today as the second support come in to play.i try to post charts

but on 4 H chart we are heading to downside
Quoting jack.canadia
the forum is starting to get one sided again .. sentiment extreme?? lol

im about to make 3 pips on my long
  • #143,919
  • Jul 8, 2009 12:41am Jul 8, 2009 12:41am
Quoting forexlion
I was forced to close out at -10 and switched sides for a short into 1.58

Now no more of 1 min scalping, I will follow it on 4 hour only
i took +3 .. i dont know 6060 has alot going on there

a bounce to at least the daily pivot with the support there .. if it breaks down now tho then yes very strong indication of 1.60 or lower today.
  • #143,920
  • Jul 8, 2009 12:43am Jul 8, 2009 12:43am
Quoting pipmyride
Jack i'm looking for a similar fib entry on the short - do you think it'll still get up there - euro entering and bashing it back down before new shorts are possible ... ?
Bears are strong .. but my plan is, now that my longs are off, to short near the daily pivot otherwise i wont short if 6060 breaks .. i need a level to take the trade at

that m2 looks pretty strong for now .. and we had a nice mark down into it
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