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Cable Update (GBPUSD)

  • #237,961
  • Jul 14, 2010 8:02am Jul 14, 2010 8:02am
Quoting gotpips92
Magix, do you consider this the start of the wave down (3?)
To me it looks more like wave 2 or B as you can see it has already completed a 5 wave pattern if you look at Magix's daily chart
  • #237,962
  • Jul 14, 2010 8:03am Jul 14, 2010 8:03am
Lets see.
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  • #237,963
  • Jul 14, 2010 8:06am Jul 14, 2010 8:06am
Quoting gotpips92
Magix, do you consider this the start of the wave down (3?)
I'm not a wave guy...More the support to resistance type of play.

Now that the daily 200 has been clipped...support is on the H4 200, between here n there, and because of the TF that has been closed, I would anticipate some rocky waters.

With the continuation of the drop from Sunday, the take from top, a reversal trade and a few others, I have closed a little better then 12k on the week, meaning....It doesn't really matter, I made my sheckles, it's gravy from here on out!

I would expect NY to have a taste at top for this to play out proper, but who knows when that'll close?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,964
  • Jul 14, 2010 8:08am Jul 14, 2010 8:08am
Quoting Magix
I'm not a wave guy...More the support to resistance type of play.

Now that the daily 200 has been clipped...support is on the H4 200, between here n there, and because of the TF that has been closed, I would anticipate some rocky waters.

With the continuation of the drop from Sunday, the take from top, a reversal trade and a few others, I have closed a little better then 12k on the week, meaning....It doesn't really matter, I made my sheckles, it's gravy from here on out!

I would expect NY to have a taste at top for this to play out proper,...

Awesome week! Nice trading
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,965
  • Jul 14, 2010 8:11am Jul 14, 2010 8:11am
Quoting Endrju
took short at 1.5286 sl 20 pips, will look for move towards 1.5200, i don't think it can break before us session, it will need some more stimulus to do that! Small risk trade so not worried if wrong
nice, i'm out for now, feeling that it could still go down a bit, but will close and watch what's happening next
  • #237,966
  • Jul 14, 2010 8:11am Jul 14, 2010 8:11am
Quoting damonl
Awesome week! Nice trading
Thanks.

I'm still just a small fish in a big ocean...but getting to know the lay of the land.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,967
  • Jul 14, 2010 8:14am Jul 14, 2010 8:14am
Quoting Magix
I'm not a wave guy...More the support to resistance type of play.

Now that the daily 200 has been clipped...support is on the H4 200, between here n there, and because of the TF that has been closed, I would anticipate some rocky waters.

With the continuation of the drop from Sunday, the take from top, a reversal trade and a few others, I have closed a little better then 12k on the week, meaning....It doesn't really matter, I made my sheckles, it's gravy from here on out!

I would expect NY to have a taste at top for this to play out proper,...
Sweet
  • #237,968
  • Jul 14, 2010 8:16am Jul 14, 2010 8:16am
Quoting wormboy
okay, looks like those resistance worked so far & price is currently testing the ltl.
If the ltl goes, the previous range's hi will serve as the first support before the W1 pvp @5120.

Let's see how this goes. Good luck
tick one.

the level was well protected at the first try it seems.
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Thank You
  • #237,969
  • Jul 14, 2010 8:18am Jul 14, 2010 8:18am
I would think since I would believe we are still in an uptrend on the weekly charts, I would be looking for a move back up from either of the two points on the chart. That first lower TL goes all the way back to 6/8, with a few other trendlines converging below that. Who even knows when we can break out either side

So, I guess I will start by looking for reversals from these points.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #237,970
  • Jul 14, 2010 8:18am Jul 14, 2010 8:18am
Quoting Magix
Thanks.

I'm still just a small fish in a big ocean...but getting to know the lay of the land.

good for u
  • #237,971
  • Jul 14, 2010 8:20am Jul 14, 2010 8:20am
Quoting gotpips92
Magix, do you consider this the start of the wave down (3?)
Oh yeah....

And, on the beer thing...Buyers preference!



Quoting gotpips92
haha well Magix,

I see you called one chart almost to the tee on Sunday afternoon and if your next chart hits I'm buying you a beer.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,972
  • Jul 14, 2010 8:23am Jul 14, 2010 8:23am
Quoting Magix
Oh yeah....

And, on the beer thing...Buyers preference!

Haha alright. And if we see 1.49 by the end of this week I will buy you a case.
  • #237,973
  • Jul 14, 2010 8:28am Jul 14, 2010 8:28am
im not a fundi guy but im guessing this oil spill going to create a lot of emotion in the market..figure could be terrible..any1 in the know wanna expand on this?

or am i completely wrong?..either way would be great to have a view.
  • #237,974
  • Jul 14, 2010 8:52am Jul 14, 2010 8:52am
Quoting gotpips92
Haha alright. And if we see 1.49 by the end of this week I will buy you a case.
Gah!

Not fair...

I pick targets based on movements from the charts, I don't make the price go anyplace...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,975
  • Jul 14, 2010 8:53am Jul 14, 2010 8:53am
Quoting Magix
Gah!

Not fair...

I pick targets based on movements from the charts, I don't make the price go anyplace...
u a big player in here thou..yur input is very appreciated
  • #237,976
  • Jul 14, 2010 9:16am Jul 14, 2010 9:16am
dam i know now u are all smoking the pipe
  • #237,977
  • Jul 14, 2010 9:20am Jul 14, 2010 9:20am
Quoting kill56
dam i know now u are all smoking the pipe
I think I am smoking the sleep pipe right now,, and I think it is doing its job! See you folks later and have a great day!
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,978
  • Jul 14, 2010 9:22am Jul 14, 2010 9:22am
Quoting kill56
dam i know now u are all smoking the pipe

every either scalping or lost all the money or waiting for this mofo to move or ofcourse smoking the pipe and a bit high
  • #237,979
  • Jul 14, 2010 9:28am Jul 14, 2010 9:28am
Quoting nAVIN2007
im not a fundi guy but im guessing this oil spill going to create a lot of emotion in the market..figure could be terrible..any1 in the know wanna expand on this?

or am i completely wrong?..either way would be great to have a view.

  1. IFF it hurts the local economy and jobs then maybe it might
  2. As long as it does not hurt the economy just ignore it.

  • #237,980
  • Jul 14, 2010 9:30am Jul 14, 2010 9:30am
Quoting nAVIN2007
every either scalping or lost all the money or waiting for this mofo to move or ofcourse smoking the pipe and a bit high
car exhaust pipe, or drainage pipe ?
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