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Cable Update (GBPUSD)

  • #111,141
  • Jan 13, 2009 1:54pm Jan 13, 2009 1:54pm
Quoting eohater
Welcome aboard, my price is 4488 on this one. It's covered at +2 though, I have a meeting to attend shortly and don't want to come back to a slaughter.
Another nice entry! I couldnt pull the plug at that price i needed to see some support, although support is drying up again
  • #111,142
  • Jan 13, 2009 1:58pm Jan 13, 2009 1:58pm
Quoting PipLand
Another nice entry! I couldnt pull the plug at that price i needed to see some support, although support is drying up again
It's nuts bro! We could see 1:1 before long and I'll keep making 2 freaking pips at a time. DAMNIT. I do believe once she breaks north, she's going to break hard and fast. None of this slow BS.
Just digging in the trenches like everyone else!
  • #111,143
  • Jan 13, 2009 1:58pm Jan 13, 2009 1:58pm
Quoting trader2160
people have noticed the H&s.Even people on Bloomberg asia were talking about it.
I don't see it. Only a slow crawl down!! What time frame we talking?
Just digging in the trenches like everyone else!
  • #111,144
  • Jan 13, 2009 1:59pm Jan 13, 2009 1:59pm
So, you guys gonig long.. are you trading short with the trend at the same time? or just trying to catch the flying move up? I haven't been able to do that type of trading, so I'm curious.

Quoting PipLand
Another nice entry! I couldnt pull the plug at that price i needed to see some support, although support is drying up again
DireXiv Make it happen, no one else is going to do it for you...
  • #111,145
  • Jan 13, 2009 1:59pm Jan 13, 2009 1:59pm
Head and shoulder pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: guu.JPG Size: 111 KB
Probability Professor
  • #111,146
  • Jan 13, 2009 2:02pm Jan 13, 2009 2:02pm
Quoting Galation
Head and shoulder pattern.

There we go! Thank you!
Just digging in the trenches like everyone else!
  • #111,147
  • Jan 13, 2009 2:02pm Jan 13, 2009 2:02pm
Quoting eohater
I don't see it. Only a slow crawl down!! What time frame we talking?
on the daily dude
  • #111,148
  • Jan 13, 2009 2:03pm Jan 13, 2009 2:03pm
Quoting trader2160
people have noticed the H&s.Even people on Bloomberg asia were talking about it.

On what time frame are you seeing a inverted h & S
This thing is not even hitting the sides of the channel -
maybe just barely on lower side
  • #111,149
  • Jan 13, 2009 2:04pm Jan 13, 2009 2:04pm
the slow crawl down is sweet if you have a trusty moving average like the 5sma on the 1h. Every touch has been a signal to short. Dont think Ive ever seen it so accurate
  • #111,150
  • Jan 13, 2009 2:04pm Jan 13, 2009 2:04pm
Quoting Galation
Head and shoulder pattern.
Its also an inverse HS if you turn you head all the way around
  • #111,151
  • Jan 13, 2009 2:05pm Jan 13, 2009 2:05pm
Quoting golatigo
On what time frame are you seeing a inverted h & S
This thing is not even hitting the sides of the channel -
maybe just barely on lower side
I refer you to the chart provided by Galation.
  • #111,152
  • Jan 13, 2009 2:05pm Jan 13, 2009 2:05pm
Quoting PipLand
Its also an inverse HS if you turn you head all the way around
killer!
  • #111,153
  • Jan 13, 2009 2:06pm Jan 13, 2009 2:06pm
Quoting eohater
It's nuts bro! We could see 1:1 before long and I'll keep making 2 freaking pips at a time. DAMNIT. I do believe once she breaks north, she's going to break hard and fast. None of this slow BS.
2 pips is 2 pips lol, yeah i agree totally when this goes up it will fly! high and fast!
  • #111,154
  • Jan 13, 2009 2:06pm Jan 13, 2009 2:06pm
Quoting trader2160
on the daily dude

Yeah, I saw the daily one. I pointed it out last week when we got to the top that it appeared to be forming the right shoulder.
Just digging in the trenches like everyone else!
  • #111,155
  • Jan 13, 2009 2:06pm Jan 13, 2009 2:06pm
Quoting PipLand
Its also an inverse HS if you turn you head all the way around
That is true, but for it to be valid, the price needs to go up.
Probability Professor
  • #111,156
  • Jan 13, 2009 2:08pm Jan 13, 2009 2:08pm
Quoting trader2160
I refer you to the chart provided by Galation.
it rather looks like a channel
  • #111,157
  • Jan 13, 2009 2:08pm Jan 13, 2009 2:08pm
Quoting trader2160
on the daily dude
Well, I guess on the daily, with some imagination, you could
say a shoulder is forming, but it will need a head
  • #111,158
  • Jan 13, 2009 2:08pm Jan 13, 2009 2:08pm
Quoting eohater
Yeah, I saw the daily one. I pointed it out last week when we got to the top that it appeared to be forming the right shoulder.
was with you on that ride bro.
  • #111,159
  • Jan 13, 2009 2:10pm Jan 13, 2009 2:10pm
Quoting golatigo
Well, I guess on the daily, with some imagination, you could
say a shoulder is forming, but it will need a head
lol I dont name em man.That thing is called an H&S.
  • #111,160
  • Jan 13, 2009 2:11pm Jan 13, 2009 2:11pm
Quoting vorschlag
it rather looks like a channel
THe 2 smaller peaks are shoulders,the centre one is the head.
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