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Cable Update (GBPUSD)

  • #149,681
  • Jul 23, 2009 12:58am Jul 23, 2009 12:58am
Quoting wormboy
master?

Yup pretty much the same on daily & price is challenging to break utl.
But this utl had been solid & I'm not taking any chances going long until price close cleanly above the line. Subtl on my h3 chart here :
http://www.forexfactory.com/showpost...stcount=149645
There's also a possible shampoo in the works.
That coupled with the daily usdlfx hitting rockbottom on the support zone (closed a doji yesterday & opened higher today), and with the dow & s&p closing in red yesterday my money is not on long.
I...
..........
Ghost Rider - WWTBMD?
  • #149,682
  • Jul 23, 2009 12:59am Jul 23, 2009 12:59am
Quoting stewrigh
I know this is the cable thread - but for anyone interested, if the beast starts south soon it will be a perfect H&S right on resistance.
yup rgitt called it about a week ago on the shampoo. right on the money so far, which is insane in my book lol
pretty much the kinda guy i'd like to be with if i'm lost in another country without a garmin
Thank You
  • #149,683
  • Jul 23, 2009 12:59am Jul 23, 2009 12:59am
i think Gbp usd will not pass resistance 1.6499.
short @ 1.6483 tp 1,6309 sl 1.6504.


comment plzzzzzzzzzzzzzzzz,,,,,,,,,,,
  • #149,684
  • Jul 23, 2009 1:00am Jul 23, 2009 1:00am
Quoting Fx_newbie
Dear CableGUY,so how u c on today?!I buy at 1.64500..
GOOD LUCK
Tight stop?
  • #149,685
  • Jul 23, 2009 1:00am Jul 23, 2009 1:00am
Quoting albchr
..........
back at ya

Thank You
  • #149,686
  • Jul 23, 2009 1:05am Jul 23, 2009 1:05am
Interesting 4H. It seem to just keep defying nice looking bearish pins and still going up. Crazy...LOL

If it bounces off the utl I might think down but it seems determined to at least test S/R at 6550 again.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 27 KB
Ghost Rider - WWTBMD?
  • #149,687
  • Jul 23, 2009 1:07am Jul 23, 2009 1:07am
dear frenz,
can someone here help me correlate why gu and eu up but usdcad doesnt go down.

f
  • #149,688
  • Jul 23, 2009 1:07am Jul 23, 2009 1:07am
Chris there are no bearish pins there,a inside bar may be

Quoting albchr
Interesting 4H. It seem to just keep defying nice looking bearish pins and still going up. Crazy...LOL

If it bounces off the utl I might think down but it seems determined to at least test S/R at 6550 again.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,689
  • Jul 23, 2009 1:09am Jul 23, 2009 1:09am
the devils in the detail my friends
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,690
  • Jul 23, 2009 1:10am Jul 23, 2009 1:10am
stops taken out ,GBP is crazy
  • #149,691
  • Jul 23, 2009 1:13am Jul 23, 2009 1:13am
looking for 1.6536 ?
  • #149,692
  • Jul 23, 2009 1:13am Jul 23, 2009 1:13am
Cautions,possible turn down.
  • #149,693
  • Jul 23, 2009 1:16am Jul 23, 2009 1:16am
Quoting Bones
Chris there are no bearish pins there,a inside bar may be
See and I would have read those two 4H (one green one red) as bearish because they both have fairly long pins but more importantly, both closed below 6460.....hmmmm....

Now I know they aren't "text book" but then, in this PA lately, what is?...LOL
Ghost Rider - WWTBMD?
  • #149,694
  • Jul 23, 2009 1:19am Jul 23, 2009 1:19am
No they simply are not pins,it s an easy mistake ,the green one dose not close within the previous by a long way and the red is an inside bar
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,695
  • Jul 23, 2009 1:24am Jul 23, 2009 1:24am
Quoting iqyusan
6424 - 6502 : ????

break 6502,
TP1 : 6542
TP2 : 6602
TP3 : 6684

break 6424,
TP1 : 6385
TP2 : 6351
TP3 : 6316

based on
4H TF
Fibo Retracement
Entry & SL : 1H TF

Any comment is welcome ...........
  • #149,696
  • Jul 23, 2009 1:24am Jul 23, 2009 1:24am
Quoting Bones
No they simply are not pins,it s an easy mistake ,the green one dose not close within the previous by a long way and the red is an inside bar
I see your point. I guess 3 times through J16 in 4 months was pushing things too fast...LOL

In life there is always a balance. I had 18 hours a day 7 days a week to read and study. The balance? I took 18 hours a day 7 days a week to read and study and burnt out several times along the way....LOL

I did know about the green one, but the red one sure got me...

Still...SO much to learn....LOL
Ghost Rider - WWTBMD?
  • #149,697
  • Jul 23, 2009 1:31am Jul 23, 2009 1:31am
Monday, Tuesday, Wednesday

Lets see how much I can manage to add today

even if I do make mistakes once in a while, I do manage to errect towers
Attached Image
  • #149,698
  • Jul 23, 2009 1:35am Jul 23, 2009 1:35am
Quoting Bones
No they simply are not pins,it s an easy mistake ,the green one dose not close within the previous by a long way and the red is an inside bar
Bones,

You seem to be saying that the green one is not a pin bcause bcos its not within the previous pin, but the red one is inside but also not a pin.

Sorry I don't understand.

The reason I wouldn't have taken them is theres too much congestion tho.
  • #149,699
  • Jul 23, 2009 1:36am Jul 23, 2009 1:36am
DP for GU today is 1.6433, prices went down to the low of 1.6434, means it didn't reach it, missed by 1 pip.
DP for GJ today is 153.78, prices went down to the low of 153.83, means it didn't reach it, missed by 5 pips.

GU and GJ didn't have any daily close below the weekly, monthly and the last 4 weeks pivot this week.

GJ reached R1 for today @ 155.24
GU still didn't reach R1 for today @ 16559
  • #149,700
  • Jul 23, 2009 1:38am Jul 23, 2009 1:38am
Quoting stewrigh
Bones,

You seem to be saying that the green one is not a pin bcause bcos its not within the previous pin, but the red one is inside but also not a pin.

Sorry I don't understand.

The reason I wouldn't have taken them is theres too much congestion tho.
The red one's high is much lower than the previous green one so it's actually an inside bar. I think I'm trying to see things that aren't there. A deadly mistake IMHO
I was focusing more on the close in relation to the S/R I have.
Ghost Rider - WWTBMD?
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