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Cable Update (GBPUSD)

  • #144,101
  • Jul 8, 2009 8:03am Jul 8, 2009 8:03am
Quoting Ipips
Here you go! Let's fly to the sky now.

Did you have to go and jinx it!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,102
  • Jul 8, 2009 8:13am Jul 8, 2009 8:13am
Quoting Turveyd
Did you have to go and jinx it!!!
Sorry!

If 1.61 breaks, next resistance at daily pivot. If also breaks above that, you may have some short covering rally.
  • #144,103
  • Jul 8, 2009 8:17am Jul 8, 2009 8:17am
I think the problem is half you folks are hoping one way, half are hoping the other way and it's not moving ANYWAY....LOL

I'm outta here folks. Good trading all...
Ghost Rider - WWTBMD?
  • #144,104
  • Jul 8, 2009 8:17am Jul 8, 2009 8:17am
Quoting Ipips
Sorry!

If 1.61 breaks, next resistance at daily pivot. If also breaks above that, you may have some short covering rally.

Will it break in our life time ??

Has my chart frozen ??

Ahhhhh yes it has hate that!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,105
  • Jul 8, 2009 8:31am Jul 8, 2009 8:31am
Hello

I saw on graph a diamond pattern so my point of view is tha market will go up.
  • #144,106
  • Jul 8, 2009 8:34am Jul 8, 2009 8:34am
i see market going up short term i have a pending sell at 1.62 it might hit that but this baby wants to fall.... whats everyone thoughts
  • #144,107
  • Jul 8, 2009 8:36am Jul 8, 2009 8:36am
According to my autochartist software-it is a triangle and is forecast to hit 1.6160 at least.

Granted- I have seen 50% accuracy since the markets have been screwed by fundies. lol

Good pippin all.
  • #144,108
  • Jul 8, 2009 8:36am Jul 8, 2009 8:36am
Quoting mavrate
Hello

I saw on graph a diamond pattern so my point of view is tha market will go up.
Could you post a chart? Would like to see an illustration of the diamond pattern.
  • #144,109
  • Edited 8:38am Jul 8, 2009 8:37am | Edited 8:38am
It does act like it wants to fall. I closed my long from earlier at 1.6119(tp)

I am on the side.
  • #144,110
  • Jul 8, 2009 8:39am Jul 8, 2009 8:39am
Let's not get ahead of ourselves. We need an hourly close above 1.6100 first.
  • #144,111
  • Jul 8, 2009 8:41am Jul 8, 2009 8:41am
Gonna fall but it will throw me out first stop at 6140 looks vulnerable
  • #144,112
  • Jul 8, 2009 8:43am Jul 8, 2009 8:43am
Quoting Ipips
Could you post a chart? Would like to see an illustration of the diamond pattern.

Ok
  • #144,113
  • Jul 8, 2009 8:46am Jul 8, 2009 8:46am
this is the diamon pattern
Attached Image (click to enlarge)
Click to Enlarge Name: 111.JPG Size: 115 KB
  • #144,114
  • Jul 8, 2009 8:50am Jul 8, 2009 8:50am
Quoting jack.canadia
I dont used the 50 sma... depends what TF you are looking at..

here are my charts ..

first one is the trade plan for tonight .. bounce off some pivots and then looking to short at some other pivots including the daily pivot and a fib

the next chart is a 4-h showing that the 6060/80 area has some importance

lastly, a 1 hour with bullish macd divergence .. i only pay attention to these at supports (ones that can be seen on the 4-h or daily).. combine that with the 6060 area and a bounce is likely, but who knows

but i still hold my intention...
morning .. my short otder hit at 6130, near daily pivot as per my analysis, and i had a 60 pip limit back to daily M2 .. +160 in this choppy shit

i see alot of you had fun with it
  • #144,115
  • Jul 8, 2009 8:51am Jul 8, 2009 8:51am
Hi Wormboy,

I can hear....1.5900 calling me....I wonder why...

I hope you are okay brov had a nice day today...

Hope all is well.....

Selling Rallies......at the momment...
Let Price determine your future!
  • #144,116
  • Jul 8, 2009 8:53am Jul 8, 2009 8:53am
Note: this is not a software promotion.
Attached Image
  • #144,117
  • Jul 8, 2009 8:53am Jul 8, 2009 8:53am
Quoting mavrate
this is the diamon pattern
Thanks very much~

Never learnt of this diamond pattern before.
  • #144,118
  • Jul 8, 2009 8:56am Jul 8, 2009 8:56am
Quoting jack.canadia
morning .. my short otder hit at 6130, near daily pivot as per my analysis, and i had a 60 pip limit back to daily M2 .. +160 in this choppy shit

i see alot of you had fun with it
You put it aptly Jack, this is real choppy shit. Can't enter an order expecting 50 pips. Got to scalp in and out.
  • #144,119
  • Jul 8, 2009 9:01am Jul 8, 2009 9:01am
Reuters just said the recent spike of 1.6120 was from equity gains from the cash open. No kidding. This is frustrating. I wish we would get some clear direction across the board.
  • #144,120
  • Jul 8, 2009 9:03am Jul 8, 2009 9:03am
Quoting tjhimself
i see market going up short term i have a pending sell at 1.62 it might hit that but this baby wants to fall.... whats everyone thoughts
yea even i thing 1.62 area will be seen soon now just keeps hovering near 1.61
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