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Cable Update (GBPUSD)

  • #80,421
  • Aug 6, 2008 2:32pm Aug 6, 2008 2:32pm
Quoting AmeriTrini
Good one, there is one being I know that is everywhere at once and trust me it's not you...............
i am the one
When life gives you lemons, make lemonade
  • #80,422
  • Aug 6, 2008 2:37pm Aug 6, 2008 2:37pm
Quoting hard1head1
Setups like this don't come around every day. Got a Double Inside Bottom out on the Daily and it should be deadly for all shorts. Stochastics are turning over in the over sold area. Said to look for the signs and signals, well here they are. I wouldn't be surprised to see a last gasp surge to 9450 but I woudn't bet on it. If I was to place a stop it would be below 9400.

Jim
ya right now my bias is to TP around 9950 early next week, but that could change as the trade developes.. I'd say between 850 and 950 now.
USD Est Non Mortuus
  • #80,423
  • Aug 6, 2008 2:38pm Aug 6, 2008 2:38pm
Quoting micho
i am the one


Okay, NEO!!!!!!!.........
  • #80,424
  • Aug 6, 2008 2:43pm Aug 6, 2008 2:43pm
Quoting AmeriTrini
Okay, NEO!!!!!!!.........
lollllllll
When life gives you lemons, make lemonade
  • #80,425
  • Aug 6, 2008 2:44pm Aug 6, 2008 2:44pm
Go longs!
Attached Image
  • #80,426
  • Aug 6, 2008 2:46pm Aug 6, 2008 2:46pm
limit SELL at 19510 if seen

limit 19470

stop 15-20 pips

valid 4 hours
  • #80,427
  • Edited 2:57pm Aug 6, 2008 2:46pm | Edited 2:57pm
Every once in awhile you run across an older trader and he gives you one of his little tricks. It has happened to me and I want to share. This is an example of a pivot bar. I found one on E/U and G/U today and they confirmed a continuing move for me. Any time you see 3 red bars or candles and the center candle has a low that is lower than the candles on either side of it you can bet your butt it is going down. The same goes for longs with the green candles. Do some backtesting and check it out. they are particularly deadly on the daily and 4Hr T/F.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: pivot bar.gif Size: 25 KB
  • #80,428
  • Aug 6, 2008 3:17pm Aug 6, 2008 3:17pm
Thanks for sharing Jim I did wonder what you were talking about earlier.

Quoting hard1head1
Every once in awhile you run across an older trader and he gives you one of his little tricks. It has happened to me and I want to share. This is an example of a pivot bar. I found one on E/U and G/U today and they confirmed a continuing move for me. Any time you see 3 red bars or candles and the center candle has a low that is lower than the candles on either side of it you can bet your butt it is going down. The same goes for longs with the green candles. Do some backtesting and check it out. they are particularly deadly on the daily and 4Hr T/F.

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #80,429
  • Aug 6, 2008 3:19pm Aug 6, 2008 3:19pm
Well I recognize most the names but most don't post here



Quoting de123
i miss this guy....pip after pip..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #80,430
  • Aug 6, 2008 3:20pm Aug 6, 2008 3:20pm
Not now anyway.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #80,431
  • Aug 6, 2008 3:23pm Aug 6, 2008 3:23pm
OK WHO THINKS THAT 1.9466 IS GOING TO HOLD US????

Lets get a pole going.....

1 IT WILL HOLD
0 It WONT HOLD
  • #80,432
  • Aug 6, 2008 3:25pm Aug 6, 2008 3:25pm
Quoting hard1head1
Every once in awhile you run across an older trader and he gives you one of his little tricks. It has happened to me and I want to share. This is an example of a pivot bar. I found one on E/U and G/U today and they confirmed a continuing move for me. Any time you see 3 red bars or candles and the center candle has a low that is lower than the candles on either side of it you can bet your butt it is going down. The same goes for longs with the green candles. Do some backtesting and check it out. they are particularly deadly on the daily and 4Hr T/F.

Jim
However, just like on any trade, we want to use good butt management. Thanks for the info. Always appreciate any tool that I can put in my box. Take care.
  • #80,433
  • Aug 6, 2008 3:26pm Aug 6, 2008 3:26pm
Ill be buying at 9412 if we get there tight SL
Attached Image (click to enlarge)
Click to Enlarge Name: monthly cable.gif Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #80,434
  • Aug 6, 2008 3:27pm Aug 6, 2008 3:27pm
Live pole



1 IT WILL HOLD
1 It WONT HOLD


NBHS
  • #80,435
  • Aug 6, 2008 3:29pm Aug 6, 2008 3:29pm
Quoting Mr PIP DADDY
OK WHO THINKS THAT 1.9466 IS GOING TO HOLD US????

Lets get a pole going.....

1 IT WILL HOLD
0 It WONT HOLD

Retrace at 1.9443. Not trading this but looking at it for reversal. Let's see.
  • #80,436
  • Aug 6, 2008 3:33pm Aug 6, 2008 3:33pm
Quoting KissFan
Retrace at 1.9443. Not trading this but looking at it for reversal. Let's see.

Live pole (will 1.9466 hold)



1 IT WILL HOLD
2 It WONT HOLD


NBHS
  • #80,437
  • Aug 6, 2008 3:36pm Aug 6, 2008 3:36pm
Heres my daily
Attached Image (click to enlarge)
Click to Enlarge Name: daily 6 aug.gif Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #80,438
  • Aug 6, 2008 3:50pm Aug 6, 2008 3:50pm
Allrighty im off ill be at 3 am est talk to you then good luch all....
  • #80,439
  • Aug 6, 2008 3:54pm Aug 6, 2008 3:54pm
Well, pound doesn't looks too good!

News should be the trigger for long.

Let's see.
Attached Image
  • #80,440
  • Aug 6, 2008 4:19pm Aug 6, 2008 4:19pm
this is what i think will happen
Attached Image (click to enlarge)
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