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Cable Update (GBPUSD)

  • #105,241
  • Dec 8, 2008 11:30am Dec 8, 2008 11:30am
Hay Al!

Sounds like an incredible system... can i be your national sales manager and market it on the internet?

You can be secret guru that nobody ever meets but makes untold riches!
  • #105,242
  • Dec 8, 2008 11:32am Dec 8, 2008 11:32am
can you see a pennant/bullish flag on the H1, or is it a figment of my imagination?
  • #105,243
  • Dec 8, 2008 11:38am Dec 8, 2008 11:38am
Quoting Shilva
Hay Al!

Sounds like an incredible system... can i be your national sales manager and market it on the internet?

You can be secret guru that nobody ever meets but makes untold riches!
Patience is the keyword here...
  • #105,244
  • Dec 8, 2008 11:43am Dec 8, 2008 11:43am
hey all

still on my word since the morning... trading today sucks, no direction
When life gives you lemons, make lemonade
  • #105,245
  • Dec 8, 2008 11:44am Dec 8, 2008 11:44am
Quoting Shilva
Hay Al!

Sounds like an incredible system... can i be your national sales manager and market it on the internet?

You can be secret guru that nobody ever meets but makes untold riches!
Count me in too. I would like to be your regional sales manager
  • #105,246
  • Dec 8, 2008 11:46am Dec 8, 2008 11:46am
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???

Quoting zimdonks
can you see a pennant/bullish flag on the H1, or is it a figment of my imagination?
Attached Image (click to enlarge)
Click to Enlarge Name: Antelope.jpg Size: 74 KB
Ride the Bulls bearback!
  • #105,247
  • Dec 8, 2008 11:48am Dec 8, 2008 11:48am
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???

lol......
Patience is the keyword here...
  • #105,248
  • Dec 8, 2008 11:48am Dec 8, 2008 11:48am
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???
  • #105,249
  • Dec 8, 2008 11:51am Dec 8, 2008 11:51am
hahaha looks a bit like a donkey.....must be you, smart ASS!!!
  • #105,250
  • Dec 8, 2008 11:51am Dec 8, 2008 11:51am
Hi all .It is me again.

So far 3 shorts running.

5030
4900
4850

If they make GM bailout plan work today i think USD will go skyhigh and euro and cable more down.

And we all expect that to be done today.

But will see.All shorts are locked so now just to watch.We are below 1 hr gann so i expect to test 4 hr which is arround DP area.If we break on up on 1 hr gann well then...will close shorts ang going to bad.

4817 pivot line is holding this nice not to go down for now.Can't wait to see next 4 hr candle opening and 1 hr as well

But untill news of that GM bailout comes i think this ping pong on small distance will continue.

see ya
  • #105,251
  • Dec 8, 2008 11:51am Dec 8, 2008 11:51am
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???
That is way to funny man..

  • #105,252
  • Dec 8, 2008 11:55am Dec 8, 2008 11:55am
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???
Attached Image
When life gives you lemons, make lemonade
  • #105,253
  • Dec 8, 2008 11:57am Dec 8, 2008 11:57am
Quoting "expert"
Hi all .It is me again.

So far 3 shorts running.

5030
4900
4850

If they make GM bailout plan work today i think USD will go skyhigh and euro and cable more down.

And we all expect that to be done today.

But will see.All shorts are locked so now just to watch.We are below 1 hr gann so i expect to test 4 hr which is arround DP area.If we break on up on 1 hr gann well then...will close shorts ang going to bad.

4817 pivot line is holding this nice not to go down for now.Can't wait to see next 4 hr candle opening and 1 hr as well

But untill...
i disagree with everyone who says that the dollars will gain more strength from here and in this month... we just touched the daily target at 1.4718 and its december, now time for choppy market like today with more profit taking that will drive this pair to the 1.5x again... thats just my opinion, i hope i am wrong because i want some trends to trade...
When life gives you lemons, make lemonade
  • #105,254
  • Dec 8, 2008 12:01pm Dec 8, 2008 12:01pm
Quoting steelhead
Ah um 5 minute chart? Longer time frames my friend longer time frames.

nah, that's the way I've been trading FX for the past 15 years. I like attention to details and set my stops real tight.
~*~You are only one trade away from humility~*~
  • #105,255
  • Dec 8, 2008 12:01pm Dec 8, 2008 12:01pm
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???
if he sneezes we going down i reckon.
  • #105,256
  • Dec 8, 2008 12:07pm Dec 8, 2008 12:07pm
Yip, I think you have a good point. But if the equities keep going ending on a positive-ish note we may see more profit taking from the Cable shorts so we need to be able to ignore the londer trend and play the European Long's and US corrections. As for this pithy ping pong, I'll leave it to you guys cos I can do nothing with it now and I am starting to see an alligator sliding down the M5 coming to bite me in the ass.

As for the vote, I read that it is only due by Tuesday so we may see a bit of cautious range-ilitis till then. Not for me. Pips in pockets. See you all 2moro.


Quoting micho
i disagree with everyone who says that the dollars will gain more strength from here and in this month... we just touched the daily target at 1.4718 and its december, now time for choppy market like today with more profit taking that will drive this pair to the 1.5x again... thats just my opinion, i hope i am wrong because i want some trends to trade...
Ride the Bulls bearback!
  • #105,257
  • Dec 8, 2008 12:08pm Dec 8, 2008 12:08pm
Quoting jharteam
nah, that's the way I've been trading FX for the past 15 years. I like attention to details and set my stops real tight.


You must also like sitting in front of your computer all day long. Im glad it works for you but trading off a 5 minute chart in my opinion is insane.

Again unless you got glue and a chair and some room service.
  • #105,258
  • Dec 8, 2008 12:11pm Dec 8, 2008 12:11pm
Quoting alcando
Yip, I think you have a good point....
see youuu
When life gives you lemons, make lemonade
  • #105,259
  • Dec 8, 2008 12:12pm Dec 8, 2008 12:12pm
Quoting steelhead
You must also like sitting in front of your computer all day long. Im glad it works for you but trading off a 5 minute chart in my opinion is insane.

Again unless you got glue and a chair and some room service.
In a sense you are correct, I trade the local futures in the morning. Along with spotting FX setups in Asian hours, and right now, that's your morning; I am readied to hit the sack.
~*~You are only one trade away from humility~*~
  • #105,260
  • Dec 8, 2008 12:15pm Dec 8, 2008 12:15pm
Quoting jharteam
In a sense you are correct, I trade the local futures in the morning. Along with spotting FX setups in Asian hours, and right now, that's your morning; I am readied to hit the sack.

Yeah to each his own i just prefer sitting in my tree patiently waiting to strike.

If that takes all week so be it
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