I DARE SAY IT"S SHORT!!! HAHAHA
oh wait, i'm only a master-bater! HAHAHAHA
Just digging in the trenches like everyone else!
Cable Update (GBPUSD)
- #90,301
- Oct 3, 2008 2:03pm Oct 3, 2008 2:03pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
- #90,303
- Oct 3, 2008 2:06pm Oct 3, 2008 2:06pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
I had enough of this short ride, banked my profit....
Got a package to pick up!!!
LET THE WEEKEND BEGIN!!!!
HOLLA
Got a package to pick up!!!
LET THE WEEKEND BEGIN!!!!
HOLLA
- #90,304
- Edited 2:38pm Oct 3, 2008 2:06pm | Edited 2:38pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #90,306
- Oct 3, 2008 2:16pm Oct 3, 2008 2:16pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
i have no trades open right now, but i will say that i still think we are down and will recover to the short next week.
todays news and such was...as Nav said...unpredictable and just that, a news event that won't have long term effects....again remember that UK is in it's own pile of ecco BS, over all we have a lot of room to grow against it.
just my 2 cents...
maybe it's not even worth that much..ok my 2 pips worth..HAHA
i'm out to interview a model for my next photoshoot..u guys have a great weekend.
catch you in profit next week!
And don't forget the Credit Crisis Summit in the Euro-Zone this weekend.
Just more news for the Asian/European markets to digest on Sunday/Monday Open.
HOLLA
- #90,307
- Oct 3, 2008 2:16pm Oct 3, 2008 2:16pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I had enough of this short ride, banked my profit....
Got a package to pick up!!!
LET THE WEEKEND BEGIN!!!!
HOLLA
Patience + Discipline - Greed = Success
- #90,308
- Oct 3, 2008 2:23pm Oct 3, 2008 2:23pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
HOLLA
- #90,309
- Oct 3, 2008 2:26pm Oct 3, 2008 2:26pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Couple of hits for the brothers in Jamaica.......
HOLLA
Have a good weekend!
Just digging in the trenches like everyone else!
- #90,310
- Oct 3, 2008 2:27pm Oct 3, 2008 2:27pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Couple of hits for the brothers in Jamaica.......
HOLLA
I dont smoke but....
Patience + Discipline - Greed = Success
- #90,311
- Oct 3, 2008 2:39pm Oct 3, 2008 2:39pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #90,312
- Oct 3, 2008 2:56pm Oct 3, 2008 2:56pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #90,313
- Oct 3, 2008 3:06pm Oct 3, 2008 3:06pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Look at this shit...the DJIA has done nothing but fall (10,333 at posting) since this damn 700B Bail out bill has passed....I've been saying it for the last year and 1/2 that if it broke 10,800...we would see 8500.....everyday it's tried to break 10,800 and cannot.....simple charting to me....broken support becomes resistance...way to go Mr. Bush...you've flushed the US economy....
HOLLA
- #90,314
- Oct 3, 2008 3:23pm Oct 3, 2008 3:23pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I hope no one is stuck in a long.....
On the flip, if we fail to make a new low next week we could retest 1.8500 or even 1.9000 in the coming weeks...
There is a possible double bottom forming on the daily (not closed yet) so we may get a retracement to 4h 50 ema... depending on price action there, it could be a nice short opportunity... Either way, there will be lots of opportunities next week to make some good pips, long or short...
Anyway, I off now for the weekend... I hope everyone has an enjoyable weekend and as usual I must advise.....DON'T FORGET TO PARTY!!!!
Patience + Discipline - Greed = Success
- #90,316
- Oct 3, 2008 3:27pm Oct 3, 2008 3:27pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
I wouldn't hold a long or a short going into this weekend....
Have a good weekend bro!
Just digging in the trenches like everyone else!
- #90,317
- Oct 3, 2008 3:35pm Oct 3, 2008 3:35pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
peace guys....IM OUT!
good weekend to all...
just b4 i go thou....on affinity chart and the indicator (bottom one) is that not bullish diverence showing there
I do agree thou with affinity, the wekly isnt by any means showing that the bottom wont be taken out....next week will tell us
enjoy guys..
good weekend to all...
just b4 i go thou....on affinity chart and the indicator (bottom one) is that not bullish diverence showing there
I do agree thou with affinity, the wekly isnt by any means showing that the bottom wont be taken out....next week will tell us
enjoy guys..
- #90,318
- Oct 3, 2008 4:01pm Oct 3, 2008 4:01pm
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
If I can read my hourly charts correctly and only take technical's into consideration here is what I see.
Price broke the Upper Trend Line of the down movement, came back and touched the top side of the line and then shot up. Classic, Classic set up.
We now have a break of the 62 ema for an up signal. (black arrows) It also looks to have broke the 100ema which usually means it will go to the 200ema.
The 382% fib is also around the 200ema at 7986.
My trend cycle indicator (green arrows) has been calling a reversal and now has some room to run.
Price looks to may have tested the Sept. 11th low around 7450 for what could be called a double bottom with the current low around 7550.
Price has hit the 236% fib drawn off the 9/25 high and the current low and pulled back to the 62ema where it should bounce up.
All this sure looks like the start of an uptrend to me. I may be wrong but it is hard to argue against the hourly charts. The 50% fib could be the target around 8120.
Of course with the fundies gone whacky anything can happen and I suspect it will be prudent to wait for a confirmation the first of the week.
Price broke the Upper Trend Line of the down movement, came back and touched the top side of the line and then shot up. Classic, Classic set up.
We now have a break of the 62 ema for an up signal. (black arrows) It also looks to have broke the 100ema which usually means it will go to the 200ema.
The 382% fib is also around the 200ema at 7986.
My trend cycle indicator (green arrows) has been calling a reversal and now has some room to run.
Price looks to may have tested the Sept. 11th low around 7450 for what could be called a double bottom with the current low around 7550.
Price has hit the 236% fib drawn off the 9/25 high and the current low and pulled back to the 62ema where it should bounce up.
All this sure looks like the start of an uptrend to me. I may be wrong but it is hard to argue against the hourly charts. The 50% fib could be the target around 8120.
Of course with the fundies gone whacky anything can happen and I suspect it will be prudent to wait for a confirmation the first of the week.
- #90,319
- Oct 3, 2008 6:49pm Oct 3, 2008 6:49pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
guys, hello hope you had a nice week. i have a quick question just drop me your opinions when you see this post.
how do you detect a trend correctly? like how is the correct 1H chart trend, 4H chart trend and so on in all time frames. How would you define which is the correct swing high and swing low on your several time frames.
give me your opinions
how do you detect a trend correctly? like how is the correct 1H chart trend, 4H chart trend and so on in all time frames. How would you define which is the correct swing high and swing low on your several time frames.
give me your opinions
When life gives you lemons, make lemonade
- #90,320
- Oct 4, 2008 5:33am Oct 4, 2008 5:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
guys, hello hope you had a nice week. i have a quick question just drop me your opinions when you see this post.
how do you detect a trend correctly? like how is the correct 1H chart trend, 4H chart trend and so on in all time frames. How would you define which is the correct swing high and swing low on your several time frames.
give me your opinions
there no point looking at the dailly and seeing the trend is down and trading the 5 minute chart down.....as the retracenment will kill u....
same with the fib, its defined by the time frame itself...not sure what i saying is of any help but i thought i will reply
happy weekend to u bro