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Cable Update (GBPUSD)

  • #157,881
  • Aug 13, 2009 11:52pm Aug 13, 2009 11:52pm
Quoting bogus
Hey PT, I agree with your analysis. A break and close beneath 1.6653 and its on for a good run south.
Hey Bogus,

Good to see you. Good chart and I think we have a shot at breaking that support but it is strong. Hope your trading has been going well.
Zone Breakout Method
  • #157,882
  • Aug 13, 2009 11:52pm Aug 13, 2009 11:52pm
Quoting Magix
Aight...Now, I am for sure off to bed!

Good Knight AWL!



Will catch up with you later WB!
me too under the desert sky... zzzzzzzzzzzzzzzzzzzzzzzzz
  • #157,883
  • Aug 13, 2009 11:56pm Aug 13, 2009 11:56pm
Quoting PowerTrader
Hey Bogus,

Good to see you. Good chart and I think we have a shot at breaking that support but it is strong. Hope your trading has been going well.
Cheers, good thanks.
FF journal: Peaks and Troffs
  • #157,884
  • Aug 14, 2009 12:01am Aug 14, 2009 12:01am
Im gonna be honest, I'm long from 585, with 485 stop and 685 limit.

I was long yesterday also from 490, to 590, with my stop at 390.

I got that.

Today again can go either way, but according to my system the trend is up!
  • #157,885
  • Aug 14, 2009 12:01am Aug 14, 2009 12:01am
Quoting Magix
Aight...Now, I am for sure off to bed!

Good Knight AWL!



Will catch up with you later WB!
Have a good one bro
Okay later guys good luck
Thank You
  • #157,886
  • Aug 14, 2009 12:03am Aug 14, 2009 12:03am
however this could turn out to be a 38.2 retracement of down move, and a downward continuation could ensue, then if that happen and i would get stopped out and would be wrong.
  • #157,887
  • Aug 14, 2009 12:05am Aug 14, 2009 12:05am
Quoting alex1976
Im gonna be honest, I'm long from 585, with 485 stop and 685 limit.

I was long yesterday also from 490, to 590, with my stop at 390.

I got that.

Today again can go either way, but according to my system the trend is up!
I went long yesterday too. But price is under 6600 now alex, it's Friday & that weekly evening star is a big probability as long as cable stays under 6600. Be careful & good luck bro!
Thank You
  • #157,888
  • Aug 14, 2009 12:05am Aug 14, 2009 12:05am
I'd like to see a move down, followed by a retest and 15 minute close. I wonder if the market will give me my wish?
Attached Image (click to enlarge)
Click to Enlarge Name: ft.jpg Size: 64 KB
FF journal: Peaks and Troffs
  • #157,889
  • Aug 14, 2009 12:07am Aug 14, 2009 12:07am
Quoting alex1976
however this could turn out to be a 38.2 retracement of down move, and a downward continuation could ensue, then if that happen and i would get stopped out and would be wrong.

Alex,

You are correct, the trend since January is certainly pointing upward. I am not sure the shorter trend will go your way but in my opinion this area we are at now is a tough area. Look how many tries it took on the 4 hour to get through this on the way up and so it will be good support now.
Zone Breakout Method
  • #157,890
  • Aug 14, 2009 12:17am Aug 14, 2009 12:17am
Here is my daily chart. Look at the strong level of support in yellow. Also notice the perfect 61.8 bounce on the last dominant swing. If we are moving back up that bounce is key.
Attached Image (click to enlarge)
Click to Enlarge Name: currentdaily.gif Size: 21 KB
Zone Breakout Method
  • #157,891
  • Aug 14, 2009 12:21am Aug 14, 2009 12:21am
GBP /USD

Short at 6561 tp 6480


bcos i waited for H1 to close below the 61.8 (6562) fib of the last trend on m30 and H1. and i see my first support at 6480
  • #157,892
  • Aug 14, 2009 12:29am Aug 14, 2009 12:29am
is there a 3 crows on H1?

signs of bear gaining power .
  • #157,893
  • Aug 14, 2009 12:33am Aug 14, 2009 12:33am
Quoting wormboy
I went long yesterday too. But price is under 6600 now alex, it's Friday & that weekly evening star is a big probability as long as cable stays under 6600. Be careful & good luck bro!

Wormbuy, could you please explain to me the 6600 level, i see the weekly star part.
  • #157,894
  • Aug 14, 2009 12:40am Aug 14, 2009 12:40am
Good morning all,

I just enter long to the market. Target as yesterday but i'll get out before US news. I think today we will make nice profit. Good luck every one.
If you resist at heart attack, you will be rich from trading.
  • #157,895
  • Aug 14, 2009 12:41am Aug 14, 2009 12:41am
Quoting alex1976
Wormbuy, could you please explain to me the 6600 level, i see the weekly star part.
okay. here's the chart alex.
Attached Image (click to enlarge)
Click to Enlarge Name: gud.JPG Size: 84 KB
Thank You
  • #157,896
  • Edited 12:56am Aug 14, 2009 12:46am | Edited 12:56am
Nice relaod move, took long at 44, from 2 bucket on the left 15 TF.
Does all weak older Sl been broken now?


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Edited - Oh Yeah!!! LOL

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Wormy, Boby is sleepy I think!
He need more vitamine to get back in streight!

Missing some entertainment hein, i understand
  • #157,897
  • Aug 14, 2009 12:53am Aug 14, 2009 12:53am
Quoting wormboy
okay. here's the chart alex.

I'm sticking with my long on this one wormboy.

540 was a m2 pivot and its a m2/m4 day.
  • #157,898
  • Aug 14, 2009 12:54am Aug 14, 2009 12:54am
I still see a bull on 1h chart first target is 630.
  • #157,899
  • Aug 14, 2009 12:54am Aug 14, 2009 12:54am
booyyah watch that sucker!
  • #157,900
  • Aug 14, 2009 12:55am Aug 14, 2009 12:55am
nice railway tracks on 15min!
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