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Cable Update (GBPUSD)

  • #148,741
  • Edited 11:34am Jul 21, 2009 11:21am | Edited 11:34am
A retest of the Daily Pivot at 6379, then we go to 6230.

You opinion is needed pls.

Edit: Sorry, I mean 6479
In all your ways acknowledge Him and He will direct your path.
  • #148,742
  • Jul 21, 2009 11:22am Jul 21, 2009 11:22am
Quoting UncleSam123
Right on... I have pending sell order from 1.6450
yep
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  • #148,743
  • Jul 21, 2009 11:31am Jul 21, 2009 11:31am
4HRE Chart more up move to me unless we brake down 6380 area.
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  • #148,744
  • Jul 21, 2009 11:41am Jul 21, 2009 11:41am
Quoting Lejumeau
4HRE Chart more up move to me unless we brake down 6380 area.

Beautiful bearish wedge!!!
  • #148,745
  • Jul 21, 2009 11:45am Jul 21, 2009 11:45am
Quoting pipper
FTSE and DAX in possitive so i can't see Dow not going higher
Can you?
Because I can't.
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Thank You
  • #148,746
  • Jul 21, 2009 11:51am Jul 21, 2009 11:51am
Inching its way up
Disclaimer: Check your 1m charts
  • #148,747
  • Jul 21, 2009 11:54am Jul 21, 2009 11:54am
GU is currently riding in world's fastest ambulance
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  • #148,748
  • Jul 21, 2009 11:57am Jul 21, 2009 11:57am
Hey Lion - Thanks for tips earlier this morning. Much appreciated
Disclaimer: Check your 1m charts
  • #148,749
  • Jul 21, 2009 11:58am Jul 21, 2009 11:58am
Quoting pipper
FTSE and DAX in possitive so i can't see Dow not going higher
Note they are not always correlated.
  • #148,750
  • Jul 21, 2009 11:58am Jul 21, 2009 11:58am
Beginners luck wormhole although it might sell off soon
Disclaimer: Check your 1m charts
  • #148,751
  • Jul 21, 2009 11:59am Jul 21, 2009 11:59am
Quoting forexlion
GU is currently riding in world's fastest ambulance
Like your sense of humor bro. It takes away all the 'bored' time.

z
  • #148,752
  • Jul 21, 2009 12:01pm Jul 21, 2009 12:01pm
Quoting pipper
Beginners luck wormhole although it might sell off soon
Thank You
  • #148,753
  • Jul 21, 2009 12:02pm Jul 21, 2009 12:02pm
good listen to a nice walkman then

will be back in 5 to 6 hours with fresh trades
Attached Image
  • #148,754
  • Jul 21, 2009 12:04pm Jul 21, 2009 12:04pm
All I need now is the daily close before I go on a selling frenzy.
6220 level is what I'm looking at.

h4 : http://www.forexfactory.com/showpost...stcount=148520

Attached below is the half day chart.


Good luck fellas.
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Thank You
  • #148,755
  • Jul 21, 2009 12:06pm Jul 21, 2009 12:06pm
Quoting forexlion
good listen to a nice walkman then

will be back in 5 to 6 hours with fresh trades
bet he won't be giving that cock stare if that battery fell on his foot
Thank You
  • #148,756
  • Jul 21, 2009 12:13pm Jul 21, 2009 12:13pm
Still Short from 16550. Price Action on Cable producing good Head and Shoulder formations today (30 min). Right Shoulder on 30 min under construction, neckline will be tough to break where it meets at the 4hr lower trendline. BUT, it will break down with selling pressure later/during JPN session.

Just what my charts tell me...:nerd:

See you tomorrow. Happy trades
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 20-07-09 777.gif Size: 23 KB
  • #148,757
  • Jul 21, 2009 12:20pm Jul 21, 2009 12:20pm
Quoting direct-trade
Still Short from 16550. Price Action on Cable producing good Head and Shoulder formations today (30 min). Right Shoulder on 30 min under construction, neckline will be tough to break where it meets at the 4hr lower trendline. BUT, it will break down with selling pressure later/during JPN session.

Just what my charts tell me...:nerd:

See you tomorrow. Happy trades
hey there buddy
just wanted to mention that unfortunately none of these is a h&s formation
especially the second one. h&s cannot be a continuation pattern
as for the top one: you had a bearish divergence on the higher high @ 1.6560, sell off and then a bear flag best seen on the 15M chart. trust when there is h&s you WILL see it and identify.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #148,758
  • Jul 21, 2009 12:25pm Jul 21, 2009 12:25pm
Anybody still long or just me?
  • #148,759
  • Jul 21, 2009 12:29pm Jul 21, 2009 12:29pm
Quoting forexlion
good listen to a nice walkman then

will be back in 5 to 6 hours with fresh trades



hahaha lion so u are hidden here ..what up with you..long time
MY OPINION NOT FINANCIAL ADVISE
  • #148,760
  • Jul 21, 2009 12:35pm Jul 21, 2009 12:35pm
Sold UncleSam for +20Pips
Disclaimer: Check your 1m charts
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