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Cable Update (GBPUSD)

  • #146,661
  • Jul 15, 2009 7:36pm Jul 15, 2009 7:36pm
Quoting albchr
And I had a pending buy set at 6410 and pulled it.....
Christopher, by chance do you have the link or the name of J16 thread?
thanks
Better safe than sorry
  • #146,662
  • Jul 15, 2009 7:42pm Jul 15, 2009 7:42pm
Quoting cdforex
Christopher, by chance do you have the link or the name of J16 thread?
thanks
Sure do CD...

http://www.forexfactory.com/showthread.php?t=2331
Ghost Rider - WWTBMD?
  • #146,663
  • Jul 15, 2009 7:43pm Jul 15, 2009 7:43pm
Anyone fancy a long near 1.6400 ??

Could bounce, but looks like the Sellers have the floor here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #146,664
  • Jul 15, 2009 7:44pm Jul 15, 2009 7:44pm
Quoting wormboy
chris, pm me your email add bro.

cheers.
Sent buddy...
Ghost Rider - WWTBMD?
  • #146,665
  • Jul 15, 2009 7:45pm Jul 15, 2009 7:45pm
Quoting Lejumeau
My first target 1.6326 daily support the main support is 64 but too close to the congestion area so need to go down more to attract buyer.
Hi Lejumeau. 6420 level is a reliable s/r level by itself & atm price is consolidating on the support as mentioned yesterday. The previous 8 hour close on the h4 had formed a dark cloud cover. I think a close below this s/r level we would be selling big again.

Just a thought. Good luck
Thank You
  • #146,666
  • Jul 15, 2009 7:48pm Jul 15, 2009 7:48pm
That being said, I'm still holding long
Thank You
  • #146,667
  • Jul 15, 2009 7:48pm Jul 15, 2009 7:48pm
Quoting wormboy
Hi Lejumeau. 6420 level is a reliable s/r level by itself & atm price is consolidating on the support as mentioned yesterday. The previous 8 hour close on the h4 had formed a dark cloud cover. I think a close below this s/r level we would be selling big again.

Just a thought. Good luck
Agree with you
  • #146,668
  • Jul 15, 2009 7:54pm Jul 15, 2009 7:54pm
Quoting albchr
And I had a pending buy set at 6410 and pulled it.....
I'm happy for you now you have a better opportunity in front of you ..
  • #146,669
  • Jul 15, 2009 7:58pm Jul 15, 2009 7:58pm
Quoting forexlion
I will always wait till europe open to confirm trade setup, because my system needs 6 hours or 3 AM GMT atleast to confirm trade setup
Alrighty this is it

DOWN
  • #146,670
  • Jul 15, 2009 8:00pm Jul 15, 2009 8:00pm
took a small short.
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" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #146,671
  • Jul 15, 2009 8:05pm Jul 15, 2009 8:05pm
Ok let see if this Darma Pivot will be rigth again. No suprise it was a bit choppy at the open of the darma 5pm because this time it open rigth in midle of congestion area. now we have a nice close below Darma so sell for target of the 2 next daily pivot let see how it work till tomorow.
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  • #146,672
  • Jul 15, 2009 8:11pm Jul 15, 2009 8:11pm
Just to confirm, could you tell the number which stays behind the 2 daily pivots? or we don`t know that yet?

LT
Quoting Lejumeau
Ok let see if this Darma Pivot will be rigth again. No suprise it was a bit choppy at the open of the darma 5pm because this time it open rigth in midle of congestion area. now we have a nice close below Darma so sell for target of the 2 next daily pivot let see how it work till tomorow.
Discomfort and profit often stand side by side
  • #146,673
  • Jul 15, 2009 8:13pm Jul 15, 2009 8:13pm
Quoting Lejumeau
Ok let see if this Darma Pivot will be rigth again. No suprise it was a bit choppy at the open of the darma 5pm because this time it open rigth in midle of congestion area. now we have a nice close below Darma so sell for target of the 2 next daily pivot let see how it work till tomorow.

So you set your TP for the PREVIOUS 2 days worth of Daily PIVOTS. IE Todays trade would target Wednesdays and Tuesdays Daily's? Just curious. Thanks.
Show me the PIPS!
  • #146,674
  • Jul 15, 2009 8:21pm Jul 15, 2009 8:21pm
Contradicting signals across the timeframes. I'd be very careful placing orders on days like today, usually gets really crazy

Catch you guys london session. Trade safe & good luck everyone.
Thank You
  • #146,675
  • Jul 15, 2009 8:22pm Jul 15, 2009 8:22pm
Quoting tathlynq
So you set your TP for the PREVIOUS 2 days worth of Daily PIVOTS. IE Todays trade would target Wednesdays and Tuesdays Daily's? Just curious. Thanks.
it is not the previous daily pivot it is the new daily pivot that appears every day at 5pm. I mark the price next to it so you can see. so you set your take profit to thoe target according of the direction of the market like rigth now we are going down so these are my take profit if it brake the first support i go for the next one.

The darma pivot is in Black the full line..
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  • #146,676
  • Jul 15, 2009 8:24pm Jul 15, 2009 8:24pm
this 123 downward move looks like a correction back to 365-380?

Any views?
  • #146,677
  • Jul 15, 2009 8:30pm Jul 15, 2009 8:30pm
Quoting Lejumeau
it is not the previous daily pivot it is the new daily pivot that appears every day at 5pm. I mark the price next to it so you can see. so you set your take profit to thoe target according of the direction of the market like rigth now we are going down so these are my take profit if it brake the first support i go for the next one.

The darma pivot is in Black the full line..
see how market react at the first Pivot 6397. now I'm waiting to see if it will brake this first pivot and go for the next one otherwise I close my sell at 6435 area just above the darma pivot.
  • #146,678
  • Jul 15, 2009 8:30pm Jul 15, 2009 8:30pm
Let the price move or break the support level at 1.6364 to enter short. good luck..
  • #146,679
  • Jul 15, 2009 8:38pm Jul 15, 2009 8:38pm
I know were still 20 mins away from the 1hr close, but right now it looks like a potential hammer right at 38.2fib!
  • #146,680
  • Jul 15, 2009 8:41pm Jul 15, 2009 8:41pm
Quoting Lejumeau
it is not the previous daily pivot it is the new daily pivot that appears every day at 5pm. I mark the price next to it so you can see. so you set your take profit to thoe target according of the direction of the market like rigth now we are going down so these are my take profit if it brake the first support i go for the next one.

The darma pivot is in Black the full line..

Gotcha... thanks for the explanation.
Show me the PIPS!
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