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Cable Update (GBPUSD)

  • #4,041
  • Dec 29, 2006 10:11am Dec 29, 2006 10:11am
If trendline holds, could be a good spot to go long. Its hugging the curb though and if it breaks through on close 9400's here we come!
Attached Image
Man who scratches ass should not bite fingernails
  • #4,042
  • Dec 29, 2006 10:13am Dec 29, 2006 10:13am
2hour SMA Downtrend still holding, Eur Chopping GBP not, strange.


Long on another dip 1/2 in same plan, that worked so well before, and Long full position if 2hour sma is taken out.


would like my 8pips back
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #4,043
  • Dec 29, 2006 10:14am Dec 29, 2006 10:14am
Quoting cesarnc
English please
e

Price managed to make a new low as in the double bottom scenario, yet momentum was dying, making a claim for a reversal, although I have found the timing of this is not that great, it can warn you of a futurre reversal. 150 tick charts = chart where each bar is composed of 150 ticks of market action.
Man who scratches ass should not bite fingernails
  • #4,044
  • Dec 29, 2006 10:16am Dec 29, 2006 10:16am
Quoting Leugimp
e

Price managed to make a new low as in the double bottom scenario, yet momentum was dying, making a claim for a reversal, although I have found the timing of this is not that great, it can warn you of a futurre reversal. 150 tick charts = chart where each bar is composed of 150 ticks of market action.
Thanks leugimp
  • #4,045
  • Dec 29, 2006 10:16am Dec 29, 2006 10:16am
My bubble indicator getting extreme too indicating a possible reversal soon. Still could go at bit farther so will wait for confirmation.
Man who scratches ass should not bite fingernails
  • #4,046
  • Dec 29, 2006 10:21am Dec 29, 2006 10:21am
Hi all,

If this doesn't look like end of year flows what does??? lol

Gbp/chf and eur/gbp are getting stretched pretty thin as well, another "check" in the "pro gbp/usd reversal column". http://www.forexfactory.com/forexfor...ons/icon14.gif
  • #4,047
  • Dec 29, 2006 10:23am Dec 29, 2006 10:23am
I think the main show for the year is finished... much of anything else for today is just going to be little pips here and there...

But dang... I still can't get myself up out of this computer chair !!
  • #4,048
  • Dec 29, 2006 10:25am Dec 29, 2006 10:25am
there it is, they all lined up for me - went long at 1/8 normal size at 81, just for drink money - will aim for 40 pips to 9620 with stop at 9666.
Man who scratches ass should not bite fingernails
  • #4,049
  • Dec 29, 2006 10:29am Dec 29, 2006 10:29am
Jesus Christ Almighty... whatta FIGHT at 9580....

Lucky Strike profiting big time here...
  • #4,050
  • Dec 29, 2006 10:30am Dec 29, 2006 10:30am
Quoting Leugimp
If trendline holds, could be a good spot to go long. Its hugging the curb though and if it breaks through on close 9400's here we come!
I have a quick question, and I am sorry if I missunderstood, I am still learning.
I was under the impression that you draw a downtrend trendline from the top down, using the highs.
And you would draw the uptrend trendline from the bottoms, using the lows.
Maybe I have that mixed up?
Could you please confirm....
Steve
  • #4,051
  • Dec 29, 2006 10:30am Dec 29, 2006 10:30am
In at 72, out at 82 15seconds before the pop to 92 on the bid, LOL


But +$4 on the day, so new account highs Yeeee me, and my luck hasn't changed yet LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #4,052
  • Dec 29, 2006 10:31am Dec 29, 2006 10:31am
Quoting Leugimp
there it is, they all lined up for me - went long at 1/8 normal size at 81, just for drink money - will aim for 40 pips to 9620 with stop at 9666.
almost the same trade here as well lol
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,053
  • Dec 29, 2006 10:37am Dec 29, 2006 10:37am
Quoting PipSteve
I have a quick question, and I am sorry if I missunderstood, I am still learning.
I was under the impression that you draw a downtrend trendline from the top down, using the highs.
And you would draw the uptrend trendline from the bottoms, using the lows.
Maybe I have that mixed up?
Could you please confirm....
Don't be such a pain in the ass: , don't you see price holding along that line, that's what matters, if you really want draw the upper tl of the channel too. And remember right to left.
Always remember, this an art not science
Man who scratches ass should not bite fingernails
  • #4,054
  • Dec 29, 2006 10:41am Dec 29, 2006 10:41am
Quoting Leugimp
Don't be such a pain in the ass: , don't you see price holding along that line, that's what matters, if you really want draw the upper tl of the channel too. And remember right to left.
Always remember, this an art not science
Sorry, I missinterpreted your image, I meant no disrespect. Thank you for your advise.

Happy New Year.
Steve
  • #4,055
  • Dec 29, 2006 10:45am Dec 29, 2006 10:45am
whats really weird is that euro and GBP arent moving in conjunction today thats kinda worries me,,,,,, hmmmm what to do, gbp almost always retraces 50 pips on friday
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,056
  • Dec 29, 2006 10:45am Dec 29, 2006 10:45am
Interesting Formation consolidated.

Just to get us CLUELESS by Jan 2:

http://i2.photobucket.com/albums/y28...nc/dec29-3.jpg
  • #4,057
  • Dec 29, 2006 10:46am Dec 29, 2006 10:46am
Quoting PipSteve
Sorry, I missinterpreted your image, I meant no disrespect. Thank you for your advise.

Happy New Year.
Maybee you misunderstood me, I am definitely not one of the sensitive types, fell free to say whatever you want. I like to draw mine sometimes early to give me an early up - it has relatively same slope as upper tl - can be wrong but if so i get out quick.
Man who scratches ass should not bite fingernails
  • #4,058
  • Dec 29, 2006 10:50am Dec 29, 2006 10:50am
this is the 3rd bounce off of the rsi30 level - if it does in fact bounce to the upside, it should be off - if breaks through, watch for spike, i will remove my stop and only exit on close below my initial stop level.
Man who scratches ass should not bite fingernails
  • #4,059
  • Dec 29, 2006 10:52am Dec 29, 2006 10:52am
Also, if it hits 9600, i will scale partly out and set rest to break even.
Man who scratches ass should not bite fingernails
  • #4,060
  • Dec 29, 2006 10:53am Dec 29, 2006 10:53am
Quoting Leugimp
this is the 3rd bounce off of the rsi30 level - if it does in fact bounce to the upside, it should be off - if breaks through, watch for spike, i will remove my stop and only exit on close below my initial stop level.
Just like you here...

So needing those bastards to give up the fight at the 9580 area
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