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Cable Update (GBPUSD)

  • #145,081
  • Jul 10, 2009 4:07am Jul 10, 2009 4:07am
Hopefully "U TURN" in the making..... 4H closes above 1.6200 I'd be more comfortable.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #145,082
  • Jul 10, 2009 4:08am Jul 10, 2009 4:08am
Quoting albchr
Last hour closed "just" under 6200. No mans land for me right now. Time to get coffee and be paitient...
Grab a cold one I'm enjoying mine hek, its Friday
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #145,083
  • Jul 10, 2009 4:10am Jul 10, 2009 4:10am
Quoting Bull_Bear
Long @ 1.6200.... SL 1.6145..... TP 1.6450
wowowoww broo great i added long also at 62xx and added short in USD/CAD also coz data is in favor and market is on top hopeful will be good day

Ub
  • #145,084
  • Jul 10, 2009 4:10am Jul 10, 2009 4:10am
Quoting Bull_Bear
Grab a cold one I'm enjoying mine hek, its Friday

.....7:00Am here buddy....

I only drink before noon on Sundays...LOL
Ghost Rider - WWTBMD?
  • #145,085
  • Jul 10, 2009 4:11am Jul 10, 2009 4:11am
Quote
I have been doing well but only for a month. We'll see a year from now if I'm still able to open my YAP....

albchr,
Yap? lol...
sure, u will be around even beyond that. just dont "overdo" it. & remove the word "QUIT" from your mind & vocabulary.
mix audacity with caution. plus add lots of patience, as u already know & have been incorporating with your system.
  • #145,086
  • Jul 10, 2009 4:11am Jul 10, 2009 4:11am
Quoting Bull_Bear
Grab a cold one I'm enjoying mine hek, its Friday
6181 was 50% of Fibo so i think it will go up let see how it plays...


Ub
  • #145,087
  • Jul 10, 2009 4:13am Jul 10, 2009 4:13am
Quoting Endrju
i'm holding on to short from avg 6277 and i think it can run down to 6100, it doesn't look it want to stop, oil &dow are down, i see only one big risk possibility - us trade balance, which could shake things a bit!
Short @ 6240. Bolinger on daily chart rests on Pivot Support 1.

I Think we probably see 6110 B4 any major retrace
In all your ways acknowledge Him and He will direct your path.
  • #145,088
  • Jul 10, 2009 4:13am Jul 10, 2009 4:13am
Quoting albchr
.....7:00Am here buddy....

I only drink before noon on Sundays...LOL
Oh, forgot we in different time zones.... been a long week and am kicking a few since 8.00pm.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #145,089
  • Jul 10, 2009 4:13am Jul 10, 2009 4:13am
Bouncing right off that 6220 hmmmm..........maybe short still?
Ghost Rider - WWTBMD?
  • #145,090
  • Jul 10, 2009 4:14am Jul 10, 2009 4:14am
the up move yesterday was just a bull trap .. mentioned that , market was manipulated higheron some bs news out of UK .

$ hour now has reversed and 6300 zone was nice spot to add to swing trade .... target 5800.

the s&p may well break support today , seems week overnight

If this happens today target 1.6000 gu and 148,5 gj

Note rsx on 4 hour chart ... not going long against that , when overall i am bearish sentiment

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 157 KB
Blogging daily now at www.volume.zone
  • #145,091
  • Jul 10, 2009 4:14am Jul 10, 2009 4:14am
added more short @ 6215, looking hopefully to 6100
  • #145,092
  • Jul 10, 2009 4:15am Jul 10, 2009 4:15am
Quoting supremeChaos
nAVIN2007,
Nice.
gu or gj trade? how did u trail it?
do u always place swing trades?
That explains your gu target for 1.69.
Congratulations.
I havent place trailing stop on it yet cause my stop will likely get hit on the bigger time frames..i trail stops based on major support or resistance breaking or holding

if u spend time in j16 then everything that has enabled me to achieve this success i have to say stems from being part of that group....jim is a fantastic trader and mentors such as mike, chris and peter to name a few only can help...when i joined that group my trading changed

i hope this answer some of the questions..thank u
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 29 KB
  • #145,093
  • Jul 10, 2009 4:18am Jul 10, 2009 4:18am
Quoting Bull_Bear
Long @ 1.6200....
nice call
  • #145,094
  • Jul 10, 2009 4:19am Jul 10, 2009 4:19am
Quoting malcolmb14
the up move yesterday was just a bull trap .. mentioned that , market was manipulated higheron some bs news out of UK .

$ hour now has reversed and 6300 zone was nice spot to add to swing trade .... target 5800.

the s&p may well break support today , seems week overnight

If this happens today target 1.6000 gu and 148,5 gj

Note rsx on 4 hour chart ... not going long against that , when overall i am bearish sentiment

Attachment
in fact I will go pout neck out ...on or around the 20th July as long as this down trending channel holds .. forget 5800 . I am calling 1.5500

Attached Image (click to enlarge)
Click to Enlarge Name: chart30.png Size: 193 KB
Blogging daily now at www.volume.zone
  • #145,095
  • Jul 10, 2009 4:21am Jul 10, 2009 4:21am
Quoting supremeChaos
albchr,
Yap? lol...
sure, u will be around even beyond that. just dont "overdo" it. & remove the word "QUIT" from your mind & vocabulary.
mix audacity with caution. plus add lots of patience, as u already know & have been incorporating with your system.
I never say quit my friend. Simply can't. But your point about being patient is EXACTLY what I was stupid about yesterday. Every time it hit one of my levels I was thinking (yep, there I go THINKING again instead of SEEING), it would stop and continue south so I'd place a sell.....LOL

Got my BUTT kicked all day. I have a rule to not the market. Yesterday was a good reminder of why.
Ghost Rider - WWTBMD?
  • #145,096
  • Jul 10, 2009 4:23am Jul 10, 2009 4:23am
Quoting Faryad
nice call

lets see ES breaking down , dollar index bullish ... why would anyone counter trend trade right now unless master scalper ? I am a good trader and even I would not do that right now

once price gets under 6172 , which it liekly will in US session today is sell rallies day
Blogging daily now at www.volume.zone
  • #145,097
  • Jul 10, 2009 4:24am Jul 10, 2009 4:24am
Moving averages want me to go long... 30 min over 60 min in a few mins.
  • #145,098
  • Jul 10, 2009 4:27am Jul 10, 2009 4:27am
Quoting nAVIN2007
I havent place trailing stop on it yet cause my stop will likely get hit on the bigger time frames..i trail stops based on major support or resistance breaking or holding

if u spend time in j16 then everything that has enabled me to achieve this success i have to say stems from being part of that group....jim is a fantastic trader and mentors such as mike, chris and peter to name a few only can help...when i joined that group my trading changed

Same here. Would be lost without J16....
Ghost Rider - WWTBMD?
  • #145,099
  • Jul 10, 2009 4:30am Jul 10, 2009 4:30am
Quoting zapper
Moving averages want me to go long... 30 min over 60 min in a few mins.

ignore moving averages .. look at market conditions overall. Is the FTSE heading up ... are the US index futures heading up ? NO

gu heading to 1.60000 liekly today us session . it is just resting right now

I have feeling consumer confidence report will be weak ... not 70 ... and that will cause ES to drop thru 865 zone
Blogging daily now at www.volume.zone
  • #145,100
  • Jul 10, 2009 4:31am Jul 10, 2009 4:31am
i`m still looking at 450 as a good short point... after considering yesterday`s rather strange bullish bullshit.
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