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Cable Update (GBPUSD)

  • #148,301
  • Jul 21, 2009 12:20am Jul 21, 2009 12:20am
Quoting alex1976
Your right, its better to wait till its fully committed to a direction.
Crows ..
Thank You
  • #148,302
  • Jul 21, 2009 12:21am Jul 21, 2009 12:21am
Quoting alex1976
Haha!

Man I must be tierd!
Never mind mate

Take a rest after London session it will be good for you

Good Luck ..
  • #148,303
  • Jul 21, 2009 12:22am Jul 21, 2009 12:22am
Quoting wormboy
Crows ..

worm, please clarify for me.
  • #148,304
  • Jul 21, 2009 12:33am Jul 21, 2009 12:33am
Quoting wormboy
Crows ..

I hope this is the real crows ! not like yesterday


please !! OOO the Mighty sleeping bear please kindly get up!!!
  • #148,305
  • Jul 21, 2009 12:42am Jul 21, 2009 12:42am
Quoting alex1976
worm, please clarify for me.
What I think is meant is that "the only certianty is uncertainty".

I am uncertian as to if I will be corrected on this.
  • #148,306
  • Jul 21, 2009 12:43am Jul 21, 2009 12:43am
Quoting alex1976
worm, please clarify for me.
it's a top reversal warning.
http://www.forexfactory.com/showpost...stcount=148054

Trade carefully. Good luck
Thank You
  • #148,307
  • Jul 21, 2009 12:44am Jul 21, 2009 12:44am
Quoting wormboy
it's a top reversal warning.
http://www.forexfactory.com/showpost...stcount=148054

Trade carefully. Good luck

looks like low volume test of the breakout level to me......

although indexes are at months highs
Blogging daily now at www.volume.zone
  • #148,308
  • Jul 21, 2009 12:53am Jul 21, 2009 12:53am
Quoting malcolmb14
looks like low volume test of the breakout level to me......

although indexes are at months highs
What does that mean?
Great Bodies are Engineered not Born
  • #148,309
  • Jul 21, 2009 12:57am Jul 21, 2009 12:57am
Quoting wormboy
it's a top reversal warning.
http://www.forexfactory.com/showpost...stcount=148054

Trade carefully. Good luck
Hi WB,

I have just followed the thread to the wormhole, what an education.
It is bookmarked for further study. I very well may not have found it without the link provided.

Many Thanks

qp2
  • #148,310
  • Edited 1:08am Jul 21, 2009 12:57am | Edited 1:08am
Quoting RichLadyFX
What does that mean?
He means he's not sure as volume is testing to see if North is the favorable direction, yet we're at the month's top for stocks. Rigth now we're on a teeter totter.

IMO, before any movement [considerable] movement North, a 61 retrace first would convince me of further movement North [overall]--I think the current trend's out of steam.

Looking for entry South.
--- Gone --- RIP 11/27/09
  • #148,311
  • Jul 21, 2009 1:00am Jul 21, 2009 1:00am
When I have the time I would love to, at the end of each day, analyse everyone’s comments and relate them to what actually happened. My general impression is that most people can predict the direction of the market, but mostly get the timing wrong. It mostly happens later than predicted.

I try to wait for Price Action and try to catch the trade like surfing a wave, which takes a huge amount of discipline and patience. I think the best surfing time is early London time session.
  • #148,312
  • Jul 21, 2009 1:01am Jul 21, 2009 1:01am
I see this as a bullish flag..
Attached Image (click to enlarge)
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  • #148,313
  • Jul 21, 2009 1:14am Jul 21, 2009 1:14am
even am only get +35 after hitting my SL...bear is my bias unless 1.6550 break....1.6350 will be my observation before going to my target of 1.6250-1.6150..Good luck to all
Attached Image (click to enlarge)
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  • #148,314
  • Jul 21, 2009 1:15am Jul 21, 2009 1:15am
Long positions above 1.6465 with targets @ 1.66 & 1.6665 in extension.

Alternative scenario: Below 1.6465 look for further downside with 1.6415 & 1.6375 as targets.

Comment: the RSI calls for a new upleg.


http://i42.tinypic.com/6h038i.jpg

  • #148,315
  • Jul 21, 2009 1:15am Jul 21, 2009 1:15am
Quoting IrishPips
He means he's not sure as volume is testing to see if North is the favorable direction, yet we're at the month's top for stocks. Rigth now we're on a teeter totter.

IMO, before any movement [considerable] movement North, a 61 retrace first would convince me of further movement North [overall]--I think the current trend's out of steam.

Looking for entry South.
Lets wait for direction then in NY session.
Great Bodies are Engineered not Born
  • #148,316
  • Jul 21, 2009 1:16am Jul 21, 2009 1:16am
EJ bouncing nicely off the trendline up. This might be a leading indicator today.
Cable breaking out lower after the downtrend during the night.
Euro in a range.
GJ in a box 15535-15480.

Taking some profits after shorting last night, going to short the retest of the other side on cable(95-00). IT's not a particulary good move down at this moment though. 86 is quite a memoriable number from yesterday and then 60.

However if this is a fakeout i'd be buying a breakout of 16527 and the subsiquent retest of it. then aiming for the highs.

PS. Swiss trade balance is out now.
  • #148,317
  • Jul 21, 2009 1:18am Jul 21, 2009 1:18am
Quoting RichLadyFX
Lets wait for direction then in NY session.
did u see on your daily chart...what she told us?Completed shoulder going to neckline?I would expect GU plunge in London and bouncing ~5-7pm msia time before continuing drop US-NY....Good luck
  • #148,318
  • Jul 21, 2009 1:19am Jul 21, 2009 1:19am
30 minute candle shaping up too.
  • #148,319
  • Jul 21, 2009 1:23am Jul 21, 2009 1:23am
Glad I shorted. Short sterling just opened. Probably fueling the move.
  • #148,320
  • Jul 21, 2009 1:29am Jul 21, 2009 1:29am
Bears
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