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Cable Update (GBPUSD)

  • #56,961
  • Mar 3, 2008 3:39pm Mar 3, 2008 3:39pm
Quoting makey2u
Looks promissing, but on the 4H it showing me down, what you have i have the oppossit! lol! lets see who the real horns is gonna win i say DOWN
bro the diverence goes in the direction the stochastic we are undersoled...it will probably shoot up by morning (at least thats the idea ...lol) be carefull!!

another thing is we are getting higher lows...the 4hr trendline (bottom line) is respected and rising ...
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  • #56,962
  • Mar 3, 2008 3:49pm Mar 3, 2008 3:49pm
Quoting makey2u
Looks promissing, but on the 4H it showing me down, what you have i have the oppossit! lol! lets see who the real horns is gonna win i say DOWN
You must be going hard. It is only 2 days into March and you have 534 pips already.
Blogging daily now at www.volume.zone
  • #56,963
  • Mar 3, 2008 3:56pm Mar 3, 2008 3:56pm
Nav

This might give you a clue as to direction

Look at that bearish div on the rsi on the 4 hour at the double top. I think break down support of 1.9800. Also there is hidden bearish divergence in the lows in the fact that the lows are getting higher but the rsi is getting lower.

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  • #56,964
  • Mar 3, 2008 4:07pm Mar 3, 2008 4:07pm
Quoting malcolmb14
Nav

This might give you a clue as to direction

Look at that bearish div on the rsi on the 4 hour at the double top. I think break down support of 1.9800. Also there is hidden bearish divergence in the lows in the fact that the lows are getting higher but the rsi is getting lower.

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oh no !!!! .....mikey looks right then ...
  • #56,965
  • Mar 3, 2008 4:21pm Mar 3, 2008 4:21pm
Quoting nAVIN2007
oh no !!!! .....mikey looks right then ...
as always, anyone can be wrong in this, it just takes money managment to still survive; that aside i must say.

At the hourly we are looking at what i called a support Wedge, the pig is declining on the highs to the right and the bottom with a support, she entered this wedge from the left giving me more support to sell and usually these types of wedges break the support, hence; Support wedge.


Quote
malcolmb14You are doing well
Quote:
You must be going hard. It is only 2 days into March and you have 534 pips already.

Naw man, only 1 contract at a time, never go in more than i should, i have rules, its not hard, its just being very discplened i hope your doign welll on your trades
And your mouth dropped
  • #56,966
  • Mar 3, 2008 4:27pm Mar 3, 2008 4:27pm
Quoting Turveyd
Gubster, don't get greedy 102.90 area at best
Gubster, did you got above, did you get out, I expected it'd bounce back back to 103.60 area was 1 sweet move.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,967
  • Mar 3, 2008 4:28pm Mar 3, 2008 4:28pm
With my system I have a sell trigger on the 60 min .

1.9790 entry , 1.9727 target.

The 1st entry is right under 23.6 fib and the target is 38.2 % fib. Ultimate target could be the 50 % fib at 1.9665.
Blogging daily now at www.volume.zone
  • #56,968
  • Mar 3, 2008 4:41pm Mar 3, 2008 4:41pm
Makey RE Stacking:


Place $1 bet, double or nothing, if you lose, bet $2, then $4 so on and so forth, as long as you can take the worst case you will eventually win your original stake ie $1.

But thats a different subject.

Very slow way requiring lots of capital if you get 5 losers in a row way of guaranting profits though!!

* consider yourself kicked outta the casino, if they spot your doing this LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,969
  • Edited 5:00pm Mar 3, 2008 4:47pm | Edited 5:00pm
Well I was waiting to buy a dip but im not sure we will get it, I think Nav is correct tomorrow its up my friends if it touches 1.9810 I am long.
Unless its down Makey, lol, I really hate going against you lol

Space has been made for the next move ,no?
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  • #56,970
  • Mar 3, 2008 4:51pm Mar 3, 2008 4:51pm
My money would be downward bias, but it depends entirely on tomorrows news, so 55% down, 45% up, not enough to base a trade on.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,971
  • Mar 3, 2008 4:54pm Mar 3, 2008 4:54pm
Quoting Turveyd
Gubster, did you got above, did you get out, I expected it'd bounce back back to 103.60 area was 1 sweet move.
thanks turveyd. made a handsome 150 pounds sterling from the trade.
still long with the gbp/usd long term
  • #56,972
  • Mar 3, 2008 4:54pm Mar 3, 2008 4:54pm
Still trapped in wave 4 consolidation triangle, no direction. But if you must trade, its bullish above 1.9800
  • #56,973
  • Mar 3, 2008 4:56pm Mar 3, 2008 4:56pm
Quoting CounterTrend
Still trapped in wave 4 consolidation triangle, no direction. But if you must trade, its bullish above 1.9800
.
  • #56,974
  • Mar 3, 2008 4:59pm Mar 3, 2008 4:59pm
Gubster, glad someone made some money outta that I was waiting for the GF to get ready to go out, which never happened, Arrrgghhhhhhhhh.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,975
  • Mar 3, 2008 5:01pm Mar 3, 2008 5:01pm
Quoting Bones
Well I was waiting to buy a dip but im not sure we will get it, I think Nav is correct tomorrow its up my friends if it touches 1.9810 I am long.
Unless its down Makey, lol, I really hate going against you lol

Space has been made for the next move ,no?
i COULD BE WRONG! lol you neeevvver know!!!
And your mouth dropped
  • #56,976
  • Mar 3, 2008 5:06pm Mar 3, 2008 5:06pm
Quoting makey2u
i COULD BE WRONG! lol you neeevvver know!!!

I agree with Makey . ... there are bearish divergences on daily , 8 hour , 6 hour and 4 hours. Unless these are broken we should drop.
Blogging daily now at www.volume.zone
  • #56,977
  • Mar 3, 2008 5:13pm Mar 3, 2008 5:13pm
If you ignore todays fake run which smells of distrubition, ( ie ran up so they can sell / short at our expense ) you can draw a trend line through all the tops.

If you want more false hope to the short side

The fake run is the main bearish sign to me!! why I'm saying 55% down, 45% up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,978
  • Mar 3, 2008 5:15pm Mar 3, 2008 5:15pm
uh oh bones 3 vs 1 , haha where gonna look like dumbasses now! if we wrong hahha! espacily me cuz i already SOLD! lol!!! lets hang tight, Fall PIGGY PIGGY PIGGY! fallll
And your mouth dropped
  • #56,979
  • Mar 3, 2008 5:18pm Mar 3, 2008 5:18pm
Quoting Turveyd
If you ignore todays fake run which smells of distrubition, ( ie ran up so they can sell / short at our expense ) you can draw a trend line through all the tops.

If you want more false hope to the short side

The fake run is the main bearish sign to me!! why I'm saying 55% down, 45% up!!

You may as well say 50 % up and 50% down

Blogging daily now at www.volume.zone
  • #56,980
  • Mar 3, 2008 5:22pm Mar 3, 2008 5:22pm
Quoting malcolmb14
You may as well say 50 % up and 50% down

reminds me of how Toronto's acting.
And your mouth dropped
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