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Cable Update (GBPUSD)

  • #23,321
  • Aug 9, 2007 8:49am Aug 9, 2007 8:49am
think they accumulating for the last push north now 255,260, gonna try and hold and add and see what becomes. maybe a little daily channel developing .

They will really slow it down in movement if they are looking to run it

have also covered remaining cable shorts at 224
"Millionaires don't use astrology, billionaires do"
  • #23,322
  • Aug 9, 2007 8:55am Aug 9, 2007 8:55am
GU is trying to break up 61.8%@0248, is it a good idea to long from here if it float above this level?.....
- Ray Tracy - Novice forex trader from GMT+8
  • #23,323
  • Aug 9, 2007 9:03am Aug 9, 2007 9:03am
Guys

Do you remember this channel??

I love channels.

http://img262.imageshack.us/img262/3...7090053op3.png
Johann Channels and cycles are everything
  • #23,324
  • Aug 9, 2007 9:07am Aug 9, 2007 9:07am
Quoting Tragapips
Guys

Do you remember this channel??

I love channels.
Trendlines and long term fibos. All one needs. The rest is B.S.
  • #23,325
  • Aug 9, 2007 9:14am Aug 9, 2007 9:14am
Quoting cesarnc
Trendlines and long term fibos. All one needs. The rest is B.S.
And yes, you might wanna use one of this, too
Attached Image
  • #23,326
  • Aug 9, 2007 9:20am Aug 9, 2007 9:20am
Dear Tragapips:

Would you please teach me the rule about how to place these anchor with red circle in following pic? Or point me to an on-line document are also welcome.

I have referred to www.mql4.com line study document, but your rule looks very difference to the mql4 doc described.

Attached Image (click to enlarge)
Click to Enlarge Name: fibochannel.JPG Size: 58 KB
- Ray Tracy - Novice forex trader from GMT+8
  • #23,327
  • Aug 9, 2007 9:20am Aug 9, 2007 9:20am
Quoting cesarnc
Trendlines and long term fibos. All one needs. The rest is B.S.
Well, for you is B.S. For me a lot of pips.

Good day.
Johann Channels and cycles are everything
  • #23,328
  • Aug 9, 2007 9:24am Aug 9, 2007 9:24am
Quoting Tragapips
Well, for you is B.S. For me a lot of pips.

Good day.
easy man... channels are nothing but trendlines... I liked your chart. clean and easy. that's what I like...

not that bunch of indicators, waves, 15 different moving averages and all.
  • #23,329
  • Aug 9, 2007 9:25am Aug 9, 2007 9:25am
Quoting cesarnc
Trendlines and long term fibos. All one needs. The rest is B.S.
well said!
Trade what you see, not what you think.
  • #23,330
  • Aug 9, 2007 9:30am Aug 9, 2007 9:30am
Sticky Stock Charts excellent book for proper use of trend channel setups

basically the more hits on the line shows true OS and OB conditions, points of res and sup with the last qauter of the inside channel the buy and sell zones


But his charts are different kind of channels, he is point to point with a fib expansion from those points, much different than a normal channel
"Millionaires don't use astrology, billionaires do"
  • #23,331
  • Aug 9, 2007 9:33am Aug 9, 2007 9:33am
Dow Almost cut morning deficit in half -101 now
  • #23,332
  • Aug 9, 2007 9:33am Aug 9, 2007 9:33am
Karm

I know GU is in retractment. What is your take regarding TP of 2.0180. Thanks
SW
The Will is Greater than the Skill
  • #23,333
  • Aug 9, 2007 9:42am Aug 9, 2007 9:42am
I luv this market,
really forex is a way to get rich very quickly
  • #23,334
  • Aug 9, 2007 9:43am Aug 9, 2007 9:43am
Looks like party is over for the bears... I'm back to my selling on rallies boredom....
  • #23,335
  • Aug 9, 2007 9:44am Aug 9, 2007 9:44am
Quoting benssol
I luv this market,
really forex is a way to get rich very quickly
and a way to be really broke and lose everything
Trade what you see, not what you think.
  • #23,336
  • Aug 9, 2007 9:45am Aug 9, 2007 9:45am
Quoting skillwill
Karm

I know GU is in retractment. What is your take regarding TP of 2.0180. Thanks
SW
http://img263.imageshack.us/img263/6919/gutl1.gif
Trade what you see, not what you think.
  • #23,337
  • Aug 9, 2007 9:46am Aug 9, 2007 9:46am
Quoting benssol
I luv this market,
really forex is a way to get rich very quickly
it really is.
BAM BAM BOOM! -bravado
  • #23,338
  • Aug 9, 2007 9:46am Aug 9, 2007 9:46am
Quoting karmostaji
and a way to be really broke and lose everything
only if you don't know the basics of TA
  • #23,339
  • Aug 9, 2007 9:46am Aug 9, 2007 9:46am
Quoting karmostaji
and a way to be really broke and lose everything
ohhhhhhhhh lighten up.
BAM BAM BOOM! -bravado
  • #23,340
  • Aug 9, 2007 9:53am Aug 9, 2007 9:53am
LOL I'm just saying, I don't want newbie's thinking 'oh man this is so easy, I'll become a millionaire in a week' LOL

Green pips for moi, and a little bit of red one's
Trade what you see, not what you think.
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