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Cable Update (GBPUSD)

  • #237,281
  • Jul 12, 2010 11:25am Jul 12, 2010 11:25am
Quoting cloggie
Kids nowadays, you only missed it by 8 hours.
yip only just missed it
  • #237,282
  • Jul 12, 2010 11:27am Jul 12, 2010 11:27am
Quoting kill56
not bad at all still learning not to lose to the big cats
that's definitely a good strategy...keep it up...
Hear the music before the song is over ...
  • #237,283
  • Jul 12, 2010 11:31am Jul 12, 2010 11:31am
Quoting nAVIN2007
on the dailly brother, we have a bullish outside bar protecting the 1.50 area, totally expect this area to hold and reverse the weekly...monthly piercing formation..also have a suspect inverse head and shoulder happening..taking shape on dailly but weekly is still forming

swissy also has a 2 month bearish pin..cannot ask for more signals!! but like u say its a 2 way market..these are my observations anyways

very good briefing there brother...

if I had to hold overnight (which I don't right now) I'd be leaning more towards the bullish side as well....
Hear the music before the song is over ...
  • #237,284
  • Jul 12, 2010 11:32am Jul 12, 2010 11:32am
Quoting kill56
look at this i know its crazy but i think we will see some new lows befor we retrace
SEE CHARTS kill

Quoting GlobalMacro
very good briefing there brother...

if I had to hold overnight (which I don't right now) I'd be leaning more towards the bullish side as well....
that coming from u bro truelly is a compliment..thanks man!
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  • #237,285
  • Jul 12, 2010 11:34am Jul 12, 2010 11:34am
Quoting Endrju
it does look more like knee-jerk, i still favor a move lower, near 1.49 and then it could go up again, probably will wait for a close, and tomorrow will start with clearer view. Right now not that sure of direction, but if Dow will make a late before closing movement as it has before, it could bring in some volatility.
1.49 is too far down...if it trades there TODAY then it cannot recover back up today
so the odds are good for the bulls next 24 hours with 1.4970 zone support if goes there at all....
Hear the music before the song is over ...
  • #237,286
  • Jul 12, 2010 11:36am Jul 12, 2010 11:36am
Quoting nAVIN2007
SEE CHARTS kill

nAVIN, you got guts holding trades in the Summer, I tend to put my long term holds on hold till September. I do agree with you though all higher TF's still indicate a bullish continuation.

This morning's run was little more then a short covering rallye that was rudely interupted by some cr@p from SnP, now that the scare is gone and the market realises that the message was a non-message, "yeah we worry, but not really because we are leaving it alone" we are still in positive territory for the day and with London closed both Cable and Fibre can happily sit here till the morning.
  • #237,287
  • Jul 12, 2010 11:45am Jul 12, 2010 11:45am
Quoting nAVIN2007

that coming from u bro truelly is a compliment..thanks man!
i meant it bro......

the market's already on its way up to 1.5052 (the aforementioned level)
now they did it again playing tricks on both bulls and bears....suckering in bears and shaking out bulls...

only those with a vision and believing that vision will prevail at the end
Hear the music before the song is over ...
  • #237,288
  • Jul 12, 2010 11:47am Jul 12, 2010 11:47am
Quoting cloggie
nAVIN, you got guts holding trades in the Summer, I tend to put my long term holds on hold till September. I do agree with you though all higher TF's still indicate a bullish continuation.

not guts buddy was bad preparation..it didnt even occur to me that the big boyz go on holiday otherwise i might have decided scalp dailly instead.

on a positive..mentally prepared to allow this thing to do whatever..no biggy..im in fairly light to give me the flexability to remain in this
  • #237,289
  • Jul 12, 2010 11:51am Jul 12, 2010 11:51am
Quoting GlobalMacro
1.49 is too far down...if it trades there TODAY then it cannot recover back up today
so the odds are good for the bulls next 24 hours with 1.4970 zone support if goes there at all....
i meant 1.49 for tomorrow, not today. it does look more to the upside right now, but let's see what close/tomorrow brings
  • #237,290
  • Jul 12, 2010 12:10pm Jul 12, 2010 12:10pm
Quoting Endrju
i meant 1.49 for tomorrow, not today. it does look more to the upside right now, but let's see what close/tomorrow brings
Ok I see...
Hear the music before the song is over ...
  • #237,291
  • Jul 12, 2010 12:16pm Jul 12, 2010 12:16pm
Quoting GlobalMacro
i meant it bro......

the market's already on its way up to 1.5052 (the aforementioned level)
now they did it again playing tricks on both bulls and bears....suckering in bears and shaking out bulls...

only those with a vision and believing that vision will prevail at the end
  • #237,292
  • Jul 12, 2010 12:17pm Jul 12, 2010 12:17pm
I've read something i like it and thought to share

“If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties.”

I'm now on doubts to my target that why have 1 open position hope to be in certainties to add LOL
  • #237,293
  • Jul 12, 2010 12:20pm Jul 12, 2010 12:20pm
Long @ 150358 with a target if 15100 area...

SL @ 15083.. at some point will have to eliminate risk, but will see what happens.
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,294
  • Jul 12, 2010 12:32pm Jul 12, 2010 12:32pm
Quoting egkid
I've read something i like it and thought to share

“If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties.”

I'm now on doubts to my target that why have 1 open position hope to be in certainties to add LOL
that applies to 80% of people..what if u fall in the 20%

theres another uncertainy for yah
  • #237,295
  • Jul 12, 2010 12:39pm Jul 12, 2010 12:39pm
IMHO we r in leg 4-5....with a 5wave count 1-2...looking for 3 to drop????
  • #237,296
  • Jul 12, 2010 12:44pm Jul 12, 2010 12:44pm
Quoting nAVIN2007
that applies to 80% of people..what if u fall in the 20%

theres another uncertainy for yah
certainties to me when i got my signal on daily
BTW , Do u have zone for your TP in ur mind
  • #237,297
  • Jul 12, 2010 12:48pm Jul 12, 2010 12:48pm
Quoting egkid
certainties to me when i got my signal on daily
BTW , Do u have zone for your TP in ur mind
1.60 as a TP 1
  • #237,298
  • Jul 12, 2010 12:54pm Jul 12, 2010 12:54pm
Quoting nAVIN2007
1.60 as a TP 1
Yeah chart suggest that but wait my daily for confirmation
So far I Play with caution
  • #237,299
  • Jul 12, 2010 1:04pm Jul 12, 2010 1:04pm
Quoting egkid
Yeah chart suggest that but wait my daily for confirmation
So far I Play with caution
wow.. you two are seeing 1.6000 I will have to look and see if I see what you see
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,300
  • Jul 12, 2010 1:04pm Jul 12, 2010 1:04pm
back

guys i am not good at waves but weekly looks ugly

by the way i dont give a dam where it gos i will take it hour by hour and we are going to visit the ema200 on h4

16000 when next year or the year after
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