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Cable Update (GBPUSD)

  • #184,361
  • Nov 23, 2009 8:42am Nov 23, 2009 8:42am
Quoting mr.m
My Target over the week is 1.6166 Stop Loss 1.6677!
Hi but what is your entry price please?
  • #184,362
  • Nov 23, 2009 8:42am Nov 23, 2009 8:42am
Morning kiddies.

Looks like ya might have had a little fun last night, running with the bulls...

@ current, and for NY open, we are @ critical mass...

A close and hold of this current price point is crucial for the bull chart to continue, both the 4h, daily, and 30m say that this might just be the retrace before a crash into the basement.

Watch closely, play safely!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,363
  • Nov 23, 2009 8:55am Nov 23, 2009 8:55am
agree... need to be cautious especially if you're buying right now... we might see a blow off before falling down... I'll look the reaction at 50% fib 1.6668 before I continue my buy or not.
Be a sniper not a jumper
  • #184,364
  • Nov 23, 2009 9:06am Nov 23, 2009 9:06am
Quoting Zaatar
Hi but what is your entry point?
sory the message is for mr.m
my entry was at 1.6635
  • #184,365
  • Nov 23, 2009 9:06am Nov 23, 2009 9:06am
Even a good news for the existing home sales will not affect the $?
  • #184,366
  • Nov 23, 2009 9:10am Nov 23, 2009 9:10am
Quoting TexasforEX
short taken @ 1.6615, stops over 1.6675

If this goes below 1.6610 it will accelerate...
"Timing Is Everything. Really I Swear It Is"
  • #184,367
  • Nov 23, 2009 9:15am Nov 23, 2009 9:15am
Quoting TexasforEX
If this goes below 1.6610 it will accelerate...
Hello, but how do you know that?
  • #184,368
  • Nov 23, 2009 9:17am Nov 23, 2009 9:17am
so far rejected by gator lips.. bull still got the hope..but fib 38 has broken.. if closed above 6619.. hope to test 6668 is bright again..
Be a sniper not a jumper
  • #184,369
  • Nov 23, 2009 9:24am Nov 23, 2009 9:24am
Quoting Yngwie
my friend. Becareful of your words. Because i dont have a chart u saying im dont know anything about trading? Just sit and watch what im saying. This is forex, you can predict but not 100% right. And can u tell me when im doing this??? --> but if you are wrong, you''ll give some half ass excuse to make yourself still look good. I'm not a person to say that i'm out at BE instead of loss.

I don't givin chart analysis just straight forward and thats my style and from now on, i want you count my pips and its not 90 pips only! I'm doing that so because...
the whole point of this thread is to discuss and learn. not everybody is a chartist, but maybe you could provide a bit more analysis so there's more people looking to learn can get from your post. whatever method you use, if it works for you thats great -- but no one gains if we all don't share more...i'm sure no body here just wants to read a thread that accumulates into nothing more than just a list of entries, exits, and expectations. i'm sure we all have a lot to learn from each other...even the most senior of traders.

best regards.
  • #184,370
  • Nov 23, 2009 9:29am Nov 23, 2009 9:29am
HEH...

Totally didn't see this coming....

CHA CHING!

Watch for support, fall not confirmed on the hourly just yet!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,371
  • Nov 23, 2009 9:37am Nov 23, 2009 9:37am
Quoting pursuit_21
the whole point of this thread is to discuss and learn. not everybody is a chartist, but maybe you could provide a bit more analysis so there's more people looking to learn can get from your post. whatever method you use, if it works for you thats great -- but no one gains if we all don't share more...i'm sure no body here just wants to read a thread that accumulates into nothing more than just a list of entries, exits, and expectations. i'm sure we all have a lot to learn from each other...even the most senior of traders.

best regards.
i'll put my analysis where my mouth is ...

part of my day-trade system are orb break outs with confirming p/a candles. i trade into 3 positions. t/p 1/3 at 1/1 RR. at 1st t/p i shift 2nd posi s/l to break even. and leave my last 1/3 s/l at orginal position slightly above the orb (open range..first 15min)

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  • #184,372
  • Nov 23, 2009 9:40am Nov 23, 2009 9:40am
Quoting Zaatar
Hello, but how do you know that?

hello
i do not know it. I am making an educated opinion first off. secondly, I just look at the short term charts (5 min will do). It is just what was previous support(actually 1.6605ish) becoming resistance, charting 101. hope this helps.
"Timing Is Everything. Really I Swear It Is"
  • #184,373
  • Nov 23, 2009 9:52am Nov 23, 2009 9:52am
Quoting TexasforEX
hello
i do not know it. I am making an educated opinion first off. secondly, I just look at the short term charts (5 min will do). It is just what was previous support(actually 1.6605ish) becoming resistance, charting 101. hope this helps.
Sory TexasforEX, I just want to learn from you. Thanks
  • #184,374
  • Nov 23, 2009 10:03am Nov 23, 2009 10:03am
Is it real to get to 1.6550? Fibo levels are strong and this time news for USD are very good. I have +25p and can't understand - close or get TP at 1.6550. =)

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  • #184,375
  • Nov 23, 2009 10:03am Nov 23, 2009 10:03am
I place a sell stop order

Peter
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Jesus Christ is my only Lord !
  • #184,376
  • Nov 23, 2009 10:07am Nov 23, 2009 10:07am
short GBPJPY at 147.855, first target 144.65, second target 139.05
Stop loss at BE for second order if we reach 1.4465
dont copy
When life gives you lemons, make lemonade
  • #184,377
  • Nov 23, 2009 10:12am Nov 23, 2009 10:12am
Quoting micho
short GBPJPY at 147.855, first target 144.65, second target 139.05
Stop loss at BE for second order if we reach 1.4465
dont copy
Hi micho nice to see You

Peter
Jesus Christ is my only Lord !
  • #184,378
  • Nov 23, 2009 10:26am Nov 23, 2009 10:26am
Not sure how great of an effect the positve "exixting home sales" will
have right now. Dollar is still falling.

Gold broke yet another world record today.

Here is an article some may find interesting.

Good luck all, choose wisely

Quote
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.

http://www.bloomberg.com/apps/news?p...xWDBKmew&pos=2


Quoting Fibo_trader
Is it real to get to 1.6550? Fibo levels are strong and this time news for USD are very good. I have +25p and can't understand - close or get TP at 1.6550. =)

Attachment
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,379
  • Nov 23, 2009 10:30am Nov 23, 2009 10:30am
Quoting hipcio
Hi micho nice to see You

Peter
thanks man

hope you are doing fine
When life gives you lemons, make lemonade
  • #184,380
  • Nov 23, 2009 10:40am Nov 23, 2009 10:40am
Quoting micho
thanks man

hope you are doing fine
Thanks the God,
Yes

and hope You too


Peter
Jesus Christ is my only Lord !
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