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Cable Update (GBPUSD)

  • #113,861
  • Jan 21, 2009 3:34pm Jan 21, 2009 3:34pm
Quoting Bones
Yea Eo sure looks sweet if it closes like that 35 min for me
same here!
Just digging in the trenches like everyone else!
  • #113,862
  • Jan 21, 2009 3:38pm Jan 21, 2009 3:38pm
Quoting Infinity
Great trading bro!!! The daily 5sma is in line with the bottom of the wedge and with us unemployment claims coming up... it could happen!
Good trading yourself today! We'll see how she plays out now for the upcoming. This could all be false and we're headed back to the pits of the bottom. We did crack through 3680, granted she came back up and never looked back, but the taste is in her mouth. My 1h candle is shaping up to look like shit. Sitting right under the 50ema, close like this could send her down for a minute or two. Granted, she needs to pull back. I'll be looking to add soldiers around the 15m 50ema which is close to the 1h 10ema.
Just digging in the trenches like everyone else!
  • #113,863
  • Jan 21, 2009 3:38pm Jan 21, 2009 3:38pm
Quoting Infinity
h1..
falling wedge played out nicely...
Attached Image
Patience + Discipline - Greed = Success
  • #113,864
  • Jan 21, 2009 3:41pm Jan 21, 2009 3:41pm
Quoting eohater
Good trading yourself today! We'll see how she plays out now for the upcoming. This could all be false and we're headed back to the pits of the bottom. We did crack through 3680, granted she came back up and never looked back, but the taste is in her mouth. My 1h candle is shaping up to look like shit. Sitting right under the 50ema, close like this could send her down for a minute or two. Granted, she needs to pull back. I'll be looking to add soldiers around the 15m 50ema which is close to the 1h 10ema.
Thanks bro! I am thinking along the same lines.... m15 is starting to show weakness..
Patience + Discipline - Greed = Success
  • #113,865
  • Jan 21, 2009 3:41pm Jan 21, 2009 3:41pm
Monthly provided the bounce,but with the momentum we could go back to the bottom,pins work better off the top
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd , monthly,no3 ,21th jan09.gif Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,866
  • Jan 21, 2009 3:43pm Jan 21, 2009 3:43pm
eu closed very bullish too on my charts...
Patience + Discipline - Greed = Success
  • #113,867
  • Jan 21, 2009 3:45pm Jan 21, 2009 3:45pm
Quoting Bones
better off the top
What I mean is there is more likey to be an imediate effect as you have the weight of the market at the top,thats just my opinion not J16

Anything bullish over the 1.4...

Thats where the prof will be buying
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,868
  • Jan 21, 2009 3:46pm Jan 21, 2009 3:46pm
Quoting Bones
What I mean is there is more likey to be an imediate effect as you have the weight of the market at the top,thats just my opinion not J16

Anything bullish over the 1.4...

Thats where the prof will be buying
Which prof... hybrid prof?

Just kidding....
Patience + Discipline - Greed = Success
  • #113,869
  • Jan 21, 2009 3:47pm Jan 21, 2009 3:47pm
Ill be closing out if we close here and look for buying ops
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,870
  • Jan 21, 2009 3:49pm Jan 21, 2009 3:49pm

Quoting Infinity
Which prof... hybrid prof?

Just kidding....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,871
  • Jan 21, 2009 3:59pm Jan 21, 2009 3:59pm
Quoting Bones
Ill be closing out if we close here and look for buying ops
How high up are you short from?
Just digging in the trenches like everyone else!
  • #113,872
  • Jan 21, 2009 4:05pm Jan 21, 2009 4:05pm
For what's next...?

What i'm see'in on some simple support & resistance charts...
Remember though, there is a VERY MAJOR downtrend though,
'See how this plays out!
Keep in Mind the Apparent "Double Top" Camel up on top!
Attached Image (click to enlarge)
Click to Enlarge Name: Jan_21_2009_ Q_Inverse H_n_S.jpg Size: 313 KB
I will work to Objectively Identify my Edges
  • #113,873
  • Jan 21, 2009 4:10pm Jan 21, 2009 4:10pm
Quoting TerpFan2
For what's next...?

What i'm see'in on some simple support & resistance charts...
Remember though, there is a VERY MAJOR downtrend though,
'See how this plays out!
Keep in Mind the Apparent "Double Top" Camel up on top!
I know that software in the top left of your screen!!
Just digging in the trenches like everyone else!
  • #113,874
  • Jan 21, 2009 4:12pm Jan 21, 2009 4:12pm
Quoting TerpFan2
For what's next...?

What i'm see'in on some simple support & resistance charts...
Remember though, there is a VERY MAJOR downtrend though,
'See how this plays out!
Keep in Mind the Apparent "Double Top" Camel up on top!

How do you like your WT forex? I used Wizetrade Stocks for a while. Just like using price charts better.

Josh
  • #113,875
  • Jan 21, 2009 4:12pm Jan 21, 2009 4:12pm
Quoting eohater
I know that software in the top left of your screen!!

You use it too?!
  • #113,876
  • Jan 21, 2009 4:14pm Jan 21, 2009 4:14pm
Quoting Jduester
You use it too?!
Nope, I did at one time though. Only candles, no more arrows for me. It's essentially ma's and the crossing of ma's. This software did educate me on the use of my ma's and their crosses and angles for sure. But, there is no need for it, and it's too expensive.
Just digging in the trenches like everyone else!
  • #113,877
  • Jan 21, 2009 4:16pm Jan 21, 2009 4:16pm
Quoting eohater
I know that software in the top left of your screen!!
SHHHH -EO!!!
HAAAA!
It got me into the business of pipping EO!!! -HA!

I still like the "Visual" it gives me!!! !

I say... Work your edges, whatever they may be.
Yes indeed, I've got a long way to go on your side -
of the professional charting of things!
Thanks for all the usual input & collaborative "comraderie"!

Jeff !
I will work to Objectively Identify my Edges
  • #113,878
  • Jan 21, 2009 4:18pm Jan 21, 2009 4:18pm
Quoting Infinity
I don't know who else is loving this...... but I am....

Eo...Turtle....
Just got back to my charts and I'm surely loving it....moved s/l to +102!

Good trading bro....

HOLLA
  • #113,879
  • Jan 21, 2009 4:20pm Jan 21, 2009 4:20pm
Quoting TerpFan2
SHHHH -EO!!!
HAAAA!
It got me into the business of pipping EO!!! -HA!

I still like the "Visual" it gives me!!! !

I say... Work your edges, whatever they may be.
Yes indeed, I've got a long way to go on your side -
of the professional charting of things!
Thanks for all the usual input & collaborative "comraderie"!

Jeff !
It's all good bro! If it works for you, then use it. Like I said, it helped me with my ma correlation and crosses. The biggest problem, according to their software, you should buy now that the alligator mouth is wide and pointing towards 2 oclock or angled upwards. Now, if you bought once you saw that, your going to see one hell of a down draw before she pays out. I've been long since over 200 pips ago. So, it's a bit of a lag, but once you get comfortable with it and know who to use all the time frames together you can make some good money.
Just digging in the trenches like everyone else!
  • #113,880
  • Jan 21, 2009 4:28pm Jan 21, 2009 4:28pm
Quoting eohater
It's all good bro! If it works for you, then use it. Like I said, it helped me with my ma correlation and crosses. The biggest problem, according to their software, you should buy now that the alligator mouth is wide and pointing towards 2 oclock or angled upwards. Now, if you bought once you saw that, your going to see one hell of a down draw before she pays out. I've been long since over 200 pips ago. So, it's a bit of a lag, but once you get comfortable with it and know who to use all the time frames together you can make some good money.
Wholeheartedly "Agreed"...!
The whole "alligator" thing indeed...

There's a whole lot more to it all indeed! I'm "plodding" along
in the candle world, just enough barely.
I know just enough to coorelate both the charting to see what
i think (?) i need.
-Thanks Eo, 'Wholeheartedly agree w/you!
I will work to Objectively Identify my Edges
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