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Cable Update (GBPUSD)

  • #36,801
  • Oct 22, 2007 9:37am Oct 22, 2007 9:37am
Out of the last 10 candles (1hr chart), I see only 1 green. This is serious....
"Lunch ? Lunch Is For Wimps !"
  • #36,802
  • Oct 22, 2007 9:37am Oct 22, 2007 9:37am
Quoting Warper
That would look the biggest bearish daily candle considering years. Statistically will be difficult.

I'm glad that catching falling knifes is something from the past.

All i see is a big candle on my TF, no entry up or down.

Moe.. i've got to tell you, sometimes i confess that i have a hard time to avaliate how are you doing in fact. But in times like this seeing you saying "i don't know where this is going, so i stay out."

I have to give you the credit.
lol last time i check i was doing fine, but no problem, im out for the day
If I Go Broke Trying Then I Will die happy.
  • #36,803
  • Oct 22, 2007 9:46am Oct 22, 2007 9:46am
Quoting MrFuture
This huge move down today gives me the absolute convinction that all the so called analysts and forex experts that get paid 6 figures incomes by big banks etc. don't know crap about forex.

It is all a bunch of BS what they say. All they do is make up reasons of why things happen after they occurred, trying to make it sound like it was obvious it is was going to happen etc.

In the end they have no idea what the hell happens.

Ok, I feel better know
this is true, nobody don't know wtf is going on, we all trying to catch these pips, where just hoping our system don't let us down in times like these. just don't buy on hoping it's gots to go up from here, the down trend might not be over.
If I Go Broke Trying Then I Will die happy.
  • #36,804
  • Oct 22, 2007 9:47am Oct 22, 2007 9:47am
Quoting TheCable
sell order eurusd @ 1.4310 - end of 5th wave
sell order eurusd @ 1.4219 - 2b reversal 4h
sell order eurusd @ 1.4195 - below the bottom of today`s candle
sell order cable @ 2.0387 - 2b reversal 4h

Targets of euro - 1.38 1/2 the rest 1.36
Target of cable - open
So ..let's see now.I closed 1/3 of my shorts and I'm ready to add at the pull-back.I also closed my short cables @ 2.03 and am also waiting for pull-back.
There are a lot of you guys who were laughing at my post,when I wrote this.
I think now is the time for you to understand,that the market is not moving in the way we want - it's moving always in the right direction.
I'll write again when I close my whole eu positon.
Wish you all good luck and profitable week
  • #36,805
  • Oct 22, 2007 9:50am Oct 22, 2007 9:50am
UBS is going short on GBPUSD....
"Lunch ? Lunch Is For Wimps !"
  • #36,806
  • Oct 22, 2007 9:52am Oct 22, 2007 9:52am
Quoting TheCable
Wish you all good luck and profitable week
Yes TheCable is wise.

Be one with the market, have fun with the market. Those with crystal balls have no chance of future generations.
  • #36,807
  • Oct 22, 2007 9:58am Oct 22, 2007 9:58am
And Dow Jones' gone green



I hate this market
  • #36,808
  • Oct 22, 2007 10:02am Oct 22, 2007 10:02am
buy weakness and sell strength, sounds easy enough, NOT
"Millionaires don't use astrology, billionaires do"
  • #36,809
  • Oct 22, 2007 10:05am Oct 22, 2007 10:05am
Hey guys, it looks like this might have been a bearish gartley on the Daily chart as well. (Although the high point D did overshoot all the way to 88.6 XA right at the last couple bars, so not too sure if it's invalided.)

Looks like it still has room to drop another couple hundred pips. If you're currently short I'd recommend staying in. (If you're not short ATM, I think it's too late to jump in now because of the huge StopLoss required.)

Just finished The Harmonic Trader book yesterday. It's fun seeing the patterns all fall into place.

http://img526.imageshack.us/img526/5...lycableih7.gif
By bunjow
  • #36,810
  • Oct 22, 2007 10:05am Oct 22, 2007 10:05am
Quoting OrionsWay
buy weakness and sell strength, sounds easy enough, NOT
or sell greed, buy fear...
its just money
  • #36,811
  • Oct 22, 2007 10:06am Oct 22, 2007 10:06am
Look at that little green bar (1hr), alone against all the red enemyes. It is trying to breath, to survive, to fight for its right....yet she looks so weak. It like witnessing a 90 year old man trying to get an erection....
"Lunch ? Lunch Is For Wimps !"
  • #36,812
  • Oct 22, 2007 10:08am Oct 22, 2007 10:08am
Quoting cesarnc
And Dow Jones' gone green



I hate this market
and with a great PB
if I knew you believe in divergence, I will say there is a great daily bullish divergence
  • #36,813
  • Oct 22, 2007 10:13am Oct 22, 2007 10:13am
Quoting jest1081
and i would add greed brother....

this one looks good enough to trigger a sell on rally trend
so true
I'm very greedy, and was need a day like this to reduce it a little bit
  • #36,814
  • Oct 22, 2007 10:15am Oct 22, 2007 10:15am
Quoting benssol
and with a great PB
if I knew you believe in divergence, I will say there is a great daily bullish divergence
But looking in the big picture, 13.600 is 300 points from the selloff start on Friday. And the 38% fib (12.5K - 14.2K) I don't rule out another leg down, at least to the 50% fib. On currencies, I'm totally clueless and will not jump into any position with today screwed up charts.
  • #36,815
  • Oct 22, 2007 10:21am Oct 22, 2007 10:21am
Hrly tweezer bottom tahts gotta be a little bullish at least near term, nimble scalps perhaps
"Millionaires don't use astrology, billionaires do"
  • #36,816
  • Oct 22, 2007 10:21am Oct 22, 2007 10:21am
Quoting karmostaji
It played out nicely
Congrat Karmo. I've seen it too... And it was a very expensive lesson. I have played with the idea to test it. But because I am loaded with longs I have decided just to watch it.
.
  • #36,817
  • Oct 22, 2007 10:22am Oct 22, 2007 10:22am
Quoting MrFuture
Look at that little green bar (1hr), alone against all the red enemyes. It is trying to breath, to survive, to fight for its right....yet she looks so weak. It like witnessing a 90 year old man trying to get an erection....

Erection=bullish
Impotent=Bearish

G/U---> Impotent or/and Erection
Down and Up
I Deeply Love My Virtual Life In Virtual World , RLC
  • #36,818
  • Oct 22, 2007 10:28am Oct 22, 2007 10:28am
where entering the last 2 months of the year, so watch for some crazy moves.
If I Go Broke Trying Then I Will die happy.
  • #36,819
  • Oct 22, 2007 10:32am Oct 22, 2007 10:32am
looks like the old man took some Viagra.....
"Lunch ? Lunch Is For Wimps !"
  • #36,820
  • Oct 22, 2007 10:32am Oct 22, 2007 10:32am
Its start erection...........harder harderrrrrrr
I Deeply Love My Virtual Life In Virtual World , RLC
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