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Cheers mate.
Thank You
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cable short for gbpusd? 6 replies
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DislikedHello malcolmb, we've had 2 possible cup & handle in the past yea. Both varied in outcome. I think cup & handle are not very reliable. I won't put my money on this, borderline gambling methinks. Just a thought. I can still be wrong as usual
Cheers mate.Ignored
Dislikedlike everything else ... sometimes they work and sometime they do not.
I am treating this as more of a bull flag break out and as long as 1.4482 does not give way i am buying dipsIgnored
Dislikedwent back and had a look at those other 2 cups and handles ...
depends on where you consider the handle to be .. but they both produced and 800 pip move If this is a true flag then the flag pole is 500 pips ...
may well be a move into the 1.5000 area. Makes NO sense but if we get a further rally in the markets tomorrow could happen
good banter ... enjoying itIgnored
DislikedWell, I tried to position myself to the first formation before. It didn't happen for me & it did happen on the second when I didn't give it a sniff. I mean if you look at it now, the handle can be questioned, but while it was forming it was a different issue entirely.
But my short bias can change, it's just that it won't be because of the formation.
Yea good banter, as long as we can respectfully disagree
Cheers mate.Ignored
DislikedAs you have said, I agree that the crucial level at the area between the blue fibo fan line !Ignored
Dislikedthis London session coming up will see if this flag / handle will mature
that 1,4555 level is being really stubborn...and is upper value area of today and poc / vwap of last session.
A break of this area this time around i think we see that move into 1.470 zoneIgnored
DislikedPlease find the file here
http://www.mediafire.com/?sharekey=8...eada0a1ae8665a
i hope all that effort will be useful for everyoneIgnored
DislikedSorry for that here is the Update version, it seam yesterday i was sleepingIgnored