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Cable Update (GBPUSD)

  • #88,121
  • Sep 16, 2008 2:03pm Sep 16, 2008 2:03pm
check this shit out we out of the traingle and still ranging
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  • #88,122
  • Sep 16, 2008 2:04pm Sep 16, 2008 2:04pm
Quoting nAVIN2007
man u really do have skills, trading in a war zone and still coming out on top good stuff bro
I wasn't planning on taking the trade, but I watched it go up there on the 15m chart three times and got slapped down twice, I figured the third was a good one to take.

thanks bro
Just digging in the trenches like everyone else!
  • #88,123
  • Sep 16, 2008 2:10pm Sep 16, 2008 2:10pm
the guys that been trading today ...u guys down or up? ...i seems to me traders are scared to take position, liquidity issues here
  • #88,124
  • Sep 16, 2008 2:10pm Sep 16, 2008 2:10pm
Quoting eohater
why fight it? I'm short from 1.7866 and locked in with profit.
i'm not trying to fight it, i'm trying to go with the flow.. but still... can't see where it is going really..

and yeah, still in the warzone!
  • #88,125
  • Sep 16, 2008 2:12pm Sep 16, 2008 2:12pm
Quoting hijackxx
i'm not trying to fight it, i'm trying to go with the flow.. but still... can't see where it is going really..

and yeah, still in the warzone!
No worries! I'm closed out at 1.7830. Good Luck!
Just digging in the trenches like everyone else!
  • #88,126
  • Sep 16, 2008 2:19pm Sep 16, 2008 2:19pm
Quoting hijackxx
i'm not trying to fight it, i'm trying to go with the flow.. but still... can't see where it is going really..

and yeah, still in the warzone!
it looks looks to me that, its tried to go up, even broke out, then was pushed back down. the day is bearish from the open tomorrow candle if this continue is looking like tomorrow short gonna be in play.

it aint looking pretty no action
  • #88,127
  • Sep 16, 2008 2:19pm Sep 16, 2008 2:19pm
Quoting eohater
No worries! I'm closed out at 1.7830. Good Luck!
Ahh, uh..One of those days..
if this thing doesn't give me anything after 40 minutes then it just means my trading days might be done for the month!
  • #88,128
  • Sep 16, 2008 2:23pm Sep 16, 2008 2:23pm
Quoting nAVIN2007
it looks looks to me that, its tried to go up, even broke out, then was pushed back down. the day is bearish from the open tomorrow candle if this continue is looking like tomorrow short gonna be in play.

it aint looking pretty no action
Up and down. I'm looking at shorting her again at 1.7875 area if we should get there. I agree that shorts are in play. Looking at the current 1h candle to close under the 62ema to confirm the shorts.
Just digging in the trenches like everyone else!
  • #88,129
  • Edited 4:27pm Sep 16, 2008 2:29pm | Edited 4:27pm
hi, i see now the possible start of the 3º elliot wave. Assuming that mayor downtrend is ended, first wave touch 1.8130 from the bottom (1.7446, alpari data). So second wave almost touch today the 61.8% retracement of the wave at 1.7731 (61.8% is already in 1.7715). Maybe could touch, maybe not. I think that will not be touched if is not touched tomorrow in japan hours.

So , the born of the 3º wave is here if i am not wrong. 3º wave is 1.618% of the 1º, so target could be placed from 1.8500 til 1.876x...

Another thing, money volumes now, are very low compared with the bullish wave, wich is according with the 2º wave. (today we only had a lot of volume during the news, and after that was very low again).

http://i189.photobucket.com/albums/z...x/Dibujo-2.jpg

Please i want to read your opinions...

This is complementary with the H&S formation i think is forming in weekly and monthly charts (this could be a part of the way to the second shoulder)

Thanks
Cesar
  • #88,130
  • Sep 16, 2008 2:31pm Sep 16, 2008 2:31pm
Talking about triangle.We have 1 on 15 m chart uper line is 1.7875 area and bottom line last 3 lows.Works perfect for now.
Also on 1 hr one big is forming.
Don't know how to make print screen on this laptop for now.

Also heare is indicator for EMA's.I use 5 and 8 but Eothar use 5 and 10.You can corect parametars if you like easy.
Attached File(s)
File Type: mq4 5-8openEMA_Cross_Arrow_with_Alerts.mq4   4 KB | 291 downloads
  • #88,131
  • Sep 16, 2008 2:39pm Sep 16, 2008 2:39pm
Quoting cesarg

Please i want to read your opinions...

Thanks
Cesar
Just what I wanted to do today.
I was planning on going out to buy a TV from today's market but hey.. the TV is shrinking out of my head!!
  • #88,132
  • Sep 16, 2008 2:40pm Sep 16, 2008 2:40pm
Quoting "expert"
Talking about triangle.We have 1 on 15 m chart uper line is 1.7875 area and bottom line last 3 lows.Works perfect for now.
Also on 1 hr one big is forming.
Don't know how to make print screen on this laptop for now.

Also heare is indicator for EMA's.I use 5 and 8 but Eothar use 5 and 10.You can corect parametars if you like easy.
I use a 62 ema on the 1h and on the 15m I use 35 sma, 50 sma and 50 ema. I use 5 sma, 10 sma, 50 ema on the 4h
Just digging in the trenches like everyone else!
  • #88,133
  • Sep 16, 2008 2:43pm Sep 16, 2008 2:43pm
Quoting cesarg
hi, i see now the possible start of the 3º elliot wave. Assuming that mayor downtrend is ending, first wave touch 1.8130 from the bottom (1.7446, alpari data). So second wave almost touch today the 61.8% retracement of the wave at 1.7731 (61.8% is already in 1.7715). Maybe could touch, maybe not. I think that will not be touched if is not touched tomorrow in japan hours.

So , the born of the 3º wave is here if i am not wrong. 3º wave is 1.618% of the 1º, so target could be placed from 1.8500 til 1.876x...

http://i189.photobucket.com/albums/z...x/Dibujo-2.jpg

Please i want to read your opinions...

This is complementary with the H&S formation i think is forming in weekly and monthly charts (this could be a part of the way to the second shoulder)

Thanks
Cesar
ive been thinking exactly what u think the whole day but it falled to break the high and appear to be out of steam, the doji looking dailly candle yesterday totally took the steam out!...the fundies of US is stuffed and GBP stuffed also...
we still in a channel going up on the 8hr, but no steam in either direction

looking at the 8hr chart, a doji in this channel would suggest up and we kind underbought...wave3 can start...
dailly is bearish and the bearish hidden diverence is there...so the technicals conflict each other..
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  • #88,134
  • Sep 16, 2008 2:47pm Sep 16, 2008 2:47pm
Quoting eohater
Up and down. I'm looking at shorting her again at 1.7875 area if we should get there. I agree that shorts are in play. Looking at the current 1h candle to close under the 62ema to confirm the shorts.
Missed my entry by 10 pips. Still waiting for a seat!
Just digging in the trenches like everyone else!
  • #88,135
  • Sep 16, 2008 2:55pm Sep 16, 2008 2:55pm
When i look low on 1,7764 and 1.7732 and my dinapoli stoch on 1 hr looks maybe like bearish divergance possible
  • #88,136
  • Sep 16, 2008 2:56pm Sep 16, 2008 2:56pm
DANG!! No trade! That is it for the month..

Good luck to all &
Happy Hunting !!!!!!!!
  • #88,137
  • Sep 16, 2008 3:40pm Sep 16, 2008 3:40pm
any updates on AIG?
I recommend you read something else as this sentence is now concluded.
  • #88,138
  • Sep 16, 2008 3:55pm Sep 16, 2008 3:55pm
I stil long entry 1,7793 - - t/p : 1,7852
  • #88,139
  • Sep 16, 2008 4:39pm Sep 16, 2008 4:39pm
Quoting Optimum
I stil long entry 1,7793 - - t/p : 1,7852
you got it!
  • #88,140
  • Sep 16, 2008 5:05pm Sep 16, 2008 5:05pm
Quoting eohater
Missed my entry by 10 pips. Still waiting for a seat!
where are you looking for another short,I am thinking 1.7890
Please ask questions and share your experiences with us all!
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