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Cable Update (GBPUSD)

  • #104,641
  • Dec 5, 2008 5:55am Dec 5, 2008 5:55am
No enter, very difficult to anticipate ! She plays around daily pivot, may up may down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,642
  • Dec 5, 2008 6:02am Dec 5, 2008 6:02am
Quoting micho
not with the yen
the yen has always been a bit extreme though hasnt it? Strong USD, stronger yen. Weakening USD, weaker yen
PIPPED TO THE LINE
  • #104,643
  • Dec 5, 2008 6:09am Dec 5, 2008 6:09am
No more down for GU anymore. A lot of people think it up and go long. In NY time there maybe short-covering, it means GU will be pushed up.
Give me patience
  • #104,644
  • Dec 5, 2008 6:12am Dec 5, 2008 6:12am
pattern wise, it's an inverse Head & Shoulder in the making.
~*~You are only one trade away from humility~*~
  • #104,645
  • Dec 5, 2008 6:20am Dec 5, 2008 6:20am
Head & Shoulders - in what time frame?
  • #104,646
  • Dec 5, 2008 6:26am Dec 5, 2008 6:26am
using bollinger bands is showing a lot of volatility for a few pips (sorry for the obvious) making it difficult to identify trigger pointsas i keep loosing my nerve.
  • #104,647
  • Dec 5, 2008 6:29am Dec 5, 2008 6:29am
Quoting Bullfx
No more down for GU anymore. A lot of people think it up and go long. In NY time there maybe short-covering, it means GU will be pushed up.
really ?
  • #104,648
  • Dec 5, 2008 6:38am Dec 5, 2008 6:38am
Quoting Komissar
Head & Shoulders - in what time frame?

The attached is a 30-min timeframe, you can see the same POTENTIAL inverse H&S in the 15-min and 5-min timeframe as well..
Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 77 KB
~*~You are only one trade away from humility~*~
  • #104,649
  • Dec 5, 2008 6:39am Dec 5, 2008 6:39am
potentially, but i'd prefer it if we just follow the channel down
PIPPED TO THE LINE
  • #104,650
  • Dec 5, 2008 6:43am Dec 5, 2008 6:43am
Quoting behram
using bollinger bands is showing a lot of volatility for a few pips (sorry for the obvious) making it difficult to identify trigger pointsas i keep loosing my nerve.
Dont trade just to be in a trade. Wait for clear signal with confirmation b4 u enter
  • #104,651
  • Dec 5, 2008 6:45am Dec 5, 2008 6:45am
Quoting trickytrader
potentially, but i'd prefer it if we just follow the channel down

I agree, I put on more weighting on the downward sloping pitchfork...And that's why I 'capitalized' the word potential and I'm not committed to any directional bias yet. Have a good one
~*~You are only one trade away from humility~*~
  • #104,652
  • Dec 5, 2008 6:45am Dec 5, 2008 6:45am
Quoting jharteam
The attached is a 30-min timeframe, you can see the same POTENTIAL inverse H&S in the 15-min and 5-min timeframe as well..
I'm sorry, but I don't get it. 1.4557 we saw on Wednesday. Is it too long to be a shoulder?
  • #104,653
  • Dec 5, 2008 6:48am Dec 5, 2008 6:48am
ranging need breakout
  • #104,654
  • Dec 5, 2008 6:50am Dec 5, 2008 6:50am
Quoting Komissar
I'm sorry, but I don't get it. 1.4557 we saw on Wednesday. Is it too long to be a shoulder?

Personally, if we are looking for textbook case patterns in real time trading, you will NEVER find them; there are even more 'wacky' looking H&S than this one; this one, to me, is very symmetrically balanced. Also, many patterns will take days to form; so there's really no such thing as the pattern takes too long to resolve. Have a good one
~*~You are only one trade away from humility~*~
  • #104,655
  • Dec 5, 2008 6:53am Dec 5, 2008 6:53am
i believe we are testing support for at 7th time at the 14650 level, just tank!!!
PIPPED TO THE LINE
  • #104,656
  • Dec 5, 2008 6:56am Dec 5, 2008 6:56am
http://www.tradingacademy.com/lesson...ed_article.htm


Fxchi put this in my journal a good little read. It should shed some light on this market and its manipulation to some on here.

Peace out
  • #104,657
  • Dec 5, 2008 7:03am Dec 5, 2008 7:03am
Quoting jharteam
Personally, if we are looking for textbook case patterns in real time trading, you will NEVER find them; there are even more 'wacky' looking H&S than this one; this one, to me, is very symmetrically balanced. Also, many patterns will take days to form; so there's really no such thing as the pattern takes too long to resolve. Have a good one
Thanks a lot. I am new, and trying to learn.
  • #104,658
  • Dec 5, 2008 7:04am Dec 5, 2008 7:04am
on the 1-min GU, it's a bearish expanding continuation....the bear is in control
~*~You are only one trade away from humility~*~
  • #104,659
  • Dec 5, 2008 7:05am Dec 5, 2008 7:05am
Quoting Komissar
Thanks a lot. I am new, and trying to learn.

pleasure is mine...we are ALL learners here...
~*~You are only one trade away from humility~*~
  • #104,660
  • Dec 5, 2008 7:09am Dec 5, 2008 7:09am
Steelhead, You are hunting the buy now aren't you? Do you currently hold any shorts?

Quoting steelhead
http://www.tradingacademy.com/lesson...ed_article.htm


Fxchi put this in my journal a good little read. It should shed some light on this market and its manipulation to some on here.

Peace out
Ride the Bulls bearback!
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