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Cable Update (GBPUSD)

  • #48,001
  • Jan 3, 2008 9:13am Jan 3, 2008 9:13am
Quoting Trillionaire
From the current 5-min Cable...

I was going to call it a Head and Shoulders Pattern, But it looks like a different part of anatomy.
It is!!! H&S
Attached Image (click to enlarge)
Click to Enlarge Name: Head & Shouder GBP-USD January 3-2008 5 m.png Size: 69 KB
  • #48,002
  • Jan 3, 2008 9:29am Jan 3, 2008 9:29am
im out of short @ break even

Im now not clear what channel we are in and isnt Head and shoulders a revesal pattern
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,003
  • Jan 3, 2008 9:36am Jan 3, 2008 9:36am
Quoting Carrera
It is!!! H&S
It's at the bottom of a down run, probably won't amount to anything significant.
  • #48,004
  • Jan 3, 2008 9:37am Jan 3, 2008 9:37am
Quoting avi907
i am short from 1.9750 but not sure where my tp shoud be
Pivot Points on daily/weekly/monthly timeframes depending on your trading style. Also support/resistance points and Fib levels are useful for determining entries/exits.
  • #48,005
  • Jan 3, 2008 9:42am Jan 3, 2008 9:42am
Quoting forexnovice
Pivot Points on daily/weekly/monthly timeframes depending on your trading style. Also support/resistance points and Fib levels are useful for determining entries/exits.
thanks bro but i am out with a few pips because i think it is not a good idea carrying short before friday
  • #48,006
  • Jan 3, 2008 9:48am Jan 3, 2008 9:48am
Quoting avi907
thanks bro but i am out with a few pips because i think it is not a good idea carrying short before friday
You are Welcome, Bro
  • #48,007
  • Jan 3, 2008 10:06am Jan 3, 2008 10:06am
The H&S pointed out by Carrera in force now on 15min. It is slanted with the pink line forming the shoulders & blue the neckline. Notice the bearish breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15minhs.gif Size: 13 KB
  • #48,008
  • Jan 3, 2008 10:24am Jan 3, 2008 10:24am
If that idiots software worked he wouldnt be having financial problems would he..

what a brain donor man !

buy my software it will make you rich - and he can't afford the rent !

top giggle - I wouldn't let him sweep my leaves up
  • #48,009
  • Jan 3, 2008 10:33am Jan 3, 2008 10:33am
Quoting allserene
If that idiots software worked he wouldnt be having financial problems would he..

what a brain donor man !

buy my software it will make you rich - and he can't afford the rent !

top giggle - I wouldn't let him sweep my leaves up
Heh? Did I miss something?
  • #48,010
  • Jan 3, 2008 10:33am Jan 3, 2008 10:33am
Quoting allserene
If that idiots software worked he wouldnt be having financial problems would he..

what a brain donor man !

buy my software it will make you rich - and he can't afford the rent !

top giggle - I wouldn't let him sweep my leaves up
Hey guy!

Read an article noting considerable "reductions" in twin deficits.
Wonder if you are aware?
To laugh, to learn, and to teach!
  • #48,011
  • Jan 3, 2008 10:47am Jan 3, 2008 10:47am
Quoting JanPoko
Heh? Did I miss something?
yes some idiot did 2 postings advertising his forex software and the moderators deleted his posting - quite right too - he should have been cyber nuked

He said he was in financial difficulties and so he would sell us all this sure fire software cheap - it tells you when to buy/sell and can't fail

The idea of using it himself didn't occur to him

Doesn't he know we are all emerging geniuses on this forum and don't need such help ?

come back 2.10 all is forgiven
  • #48,012
  • Jan 3, 2008 11:02am Jan 3, 2008 11:02am
exited short 1.9724

not sure where its gong to go from here.
possibly up? or plummeting down
  • #48,013
  • Jan 3, 2008 11:04am Jan 3, 2008 11:04am
Oh thanks for your explanation AllSerene, I did not notice it before deletion...
  • #48,014
  • Jan 3, 2008 11:22am Jan 3, 2008 11:22am
Quoting allserene
yes some idiot did 2 postings advertising his forex software and the moderators deleted his posting - quite right too - he should have been cyber nuked

He said he was in financial difficulties and so he would sell us all this sure fire software cheap - it tells you when to buy/sell and can't fail

The idea of using it himself didn't occur to him

Doesn't he know we are all emerging geniuses on this forum and don't need such help ?

come back 2.10 all is forgiven

lol....
  • #48,015
  • Jan 3, 2008 11:36am Jan 3, 2008 11:36am
i was playing with trend line

and i am strange that i must say we will not see only 9650 but we are going 1.8700 arround
  • #48,016
  • Jan 3, 2008 11:40am Jan 3, 2008 11:40am
Quoting Designer1
i was playing with trend line

and i am strange that i must say we will not see only 9650 but we are going 1.8700 arround

i Agree with you.. GBP/USD will fall. in coming days..
  • #48,017
  • Jan 3, 2008 12:02pm Jan 3, 2008 12:02pm
There ya go guys, long term thinking will get you ahead. You can take the long term thought and apply it to shorter timeframes as well. In other words, once you know the clear direction of the trend, you only follow it instead of trying to defy it- which will get you broke fast. Believe me, I've been there.
I dream, therefore I become.
  • #48,018
  • Jan 3, 2008 12:12pm Jan 3, 2008 12:12pm
Been a pattern recognition trader, I will try to post what I see in case that this could help.

There are many patterns in this business and we should check them all.
Crab pattern
Bat pattern
Gartley
Butterfly
AB=CD
are some of my favorites.
Any comments are welcome.

Here is GBP/USD 4HTF.

Good trading to all, now going back to my jungle > FOREX.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD Jan 3-2008 The 5-0 Pattern..png Size: 66 KB
  • #48,019
  • Jan 3, 2008 12:13pm Jan 3, 2008 12:13pm
Quoting Designer1
i was playing with trend line

and i am strange that i must say we will not see only 9650 but we are going 1.8700 arround
What about trend-change? Every trend comes to an end sometime? WHo says it ain't gonna happen that it bounces off the previous lows (early June & mid August) and moves up again? If it breaks through these....
  • #48,020
  • Jan 3, 2008 12:20pm Jan 3, 2008 12:20pm
Quoting gifog
What about trend-change? Every trend comes to an end sometime? WHo says it ain't gonna happen that it bounces off the previous lows (early June & mid August) and moves up again? If it breaks through these....
In a downtrend, previous lows are broken and new lows will be created. yeah, you'll see your bounces off of important support areas but that only gives you a better price to sell again at!
I dream, therefore I become.
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