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Cable Update (GBPUSD)

  • #179,061
  • Oct 27, 2009 6:45am Oct 27, 2009 6:45am
am i wrong or isnt it a nice double top on hourly gbp/jpy???
  • #179,062
  • Oct 27, 2009 6:48am Oct 27, 2009 6:48am
Quoting knoxxxalot
am i wrong or isnt it a nice double top on hourly gbp/jpy???
My charts show a bit of a difference...

But sures to heck playing the double top play.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,063
  • Oct 27, 2009 6:51am Oct 27, 2009 6:51am
Dropped the shorts, added a single long...1.6378
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,064
  • Oct 27, 2009 6:53am Oct 27, 2009 6:53am
Quoting Endrju
I bought at 6403, middle east are buying gbp, that's why i'm on the north side, 6440 was a small resistance level and looks like gbp/eur could go down to 9000 again, and that could shoot cable up. Will be cautious and am playing with smaller when usual size.
How does that justify you buying now?
You bought under resistance based on middle east purchase? Does not make sense.
And EG is right on support.
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Thank You
  • #179,065
  • Oct 27, 2009 6:56am Oct 27, 2009 6:56am
Knoxxxalot,

You are correct. Was one. Perfect touch of yesterday's high. Price remaining above todays' open @ 150.52.(marked 3) So no more downward movement until this level goes.

4)Below that, we have a confluence of 50% line of last week @ 150.12, the close of Friday @ 150.10 and the weekly open @ 150.09

Regards
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  • #179,066
  • Oct 27, 2009 7:01am Oct 27, 2009 7:01am
Closed long +20, will wait for confirmation of play on 5m



Whatta great morning so far!

+223
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,067
  • Oct 27, 2009 7:04am Oct 27, 2009 7:04am
Good MAE Everyone....
Ghost Rider - WWTBMD?
  • #179,068
  • Oct 27, 2009 7:05am Oct 27, 2009 7:05am
The area talked about on Sunday night was finally realized. Now this is where my smart money sells. Lets see if it was worth the wait. I am short from 1.6430 all the way to 1.6150 area. Bearish Engulfer on the 1 and a touch of 38 % Fib on the 4 Hr and the all important retest of the Daily/Weekly DTL.

Jim
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  • #179,069
  • Oct 27, 2009 7:13am Oct 27, 2009 7:13am
Quoting Magix
Closed long +20, will wait for confirmation of play on 5m



Whatta great morning so far!

+223
Well done bro. Keep it up.
You've got to be IN IT to WIN IT!
  • #179,070
  • Oct 27, 2009 7:17am Oct 27, 2009 7:17am
Quoting Ifty
Well done bro. Keep it up.
Added 7 more on a quick short...Might just wait for a retrace to the 200ma on 1m chart and take a longer term bigger short side...

For now, just add in singles on the scalps!

Weeeeeeeeeeeeeeeeeeeeeeee!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,071
  • Oct 27, 2009 7:19am Oct 27, 2009 7:19am
The GBP/USD scared me a bit with its higher highs and higher lows in the hourly chart, my opinion if we break through 1.6284 would be a sign to add short.
Dont take this too serius im a newb.
best of luck to ya

http://img35.imageshack.us/img35/5205/uptrend.jpg
  • #179,072
  • Oct 27, 2009 7:21am Oct 27, 2009 7:21am
Quoting Nene
The area talked about on Sunday night was finally realized. Now this is where my smart money sells. Lets see if it was worth the wait. I am short from 1.6430 all the way to 1.6150 area. Bearish Engulfer on the 1 and a touch of 38 % Fib on the 4 Hr and the all important retest of the Daily/Weekly DTL.

Jim
excellent stuff jim.
Thank You
  • #179,073
  • Oct 27, 2009 7:25am Oct 27, 2009 7:25am
Quoting albchr
Good MAE Everyone....
Good day to you,

Nice to see you around...

Regards
  • #179,074
  • Oct 27, 2009 7:25am Oct 27, 2009 7:25am
Yea, Im learning. Learning that watching and waiting with patience is literally like money in the bank. Too much impatience going on and ya got to block it out.

Quoting wormboy
excellent stuff jim.
  • #179,075
  • Oct 27, 2009 7:28am Oct 27, 2009 7:28am
After a quick check o the charts...Last short for me for current, will see what happens @ 1.6355-1.6340. Might just try the long side again!

Closed...+7 more
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,076
  • Oct 27, 2009 7:30am Oct 27, 2009 7:30am
Quoting Nene
Yea, Im learning.

If you are still learning, then I am santa claus.
You forgot that I know you better than some of the folks here


Quoting Nene
Learning that watching and waiting with patience is literally like money in the bank. Too much impatience going on and ya got to block it out.
New guys who are here looking for good advise, what he just said right here is gold. Shouldn't go unnoticed.

Good luck with the trades jim
Thank You
  • #179,077
  • Oct 27, 2009 7:37am Oct 27, 2009 7:37am
Long side single @ 1.6370
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,078
  • Oct 27, 2009 7:39am Oct 27, 2009 7:39am
may i say.....welcome to 1.67..
  • #179,079
  • Oct 27, 2009 7:53am Oct 27, 2009 7:53am
Quoting grashid
may i say.....welcome to 1.67..
hate to say this.. u 80% right.. damn..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #179,080
  • Oct 27, 2009 7:56am Oct 27, 2009 7:56am
Closed long 1.6492....Will wait for confirmation for additional on 5m

CHA CHING!!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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