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Cable Update (GBPUSD)

  • #113,881
  • Jan 21, 2009 4:32pm Jan 21, 2009 4:32pm
Quoting TerpFan2
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!
Put these ma's on your charts, 50ema, 5ema and 10ema

See what you think in regards to the candles, ma's, and your software. I think you might like them. Then, go read about Price Action and candle patterns. The candles indeed show it all.
Just digging in the trenches like everyone else!
  • #113,882
  • Jan 21, 2009 4:34pm Jan 21, 2009 4:34pm
Amen.
  • #113,883
  • Jan 21, 2009 4:34pm Jan 21, 2009 4:34pm
i kow its not the E/U thread but thought you might like to take a look at the 1H pin bar formed. check it out, looks good for a couple pips
  • #113,884
  • Jan 21, 2009 4:35pm Jan 21, 2009 4:35pm
Im not short at all eo I was from the begining of the week but changed ,my buy is in the 1 hour chart I posted.

BTW that is a 1 hour pin but the daily candle today that is not a pin(yet)


Quoting eohater
How high up are you short from?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,885
  • Jan 21, 2009 4:38pm Jan 21, 2009 4:38pm
Heres my post from the begining of the week

Quoting Bones
Its worth keeping an eye on the weekly.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,886
  • Jan 21, 2009 4:39pm Jan 21, 2009 4:39pm
Thanks EO...

I will definitely work on that...
And i've dropped these in. I started some
training on them but 'Got a long ways to go.

Muchas Gracias,

Jeff
I will work to Objectively Identify my Edges
  • #113,887
  • Jan 21, 2009 4:39pm Jan 21, 2009 4:39pm
Quoting Bones
Im not short at all eo I was from the begining of the week but changed ,my buy is in the 1 hour chart I posted.

BTW that is a 1 hour pin but the daily candle today that is not a pin(yet)
I thought you were short from up above. I'm long from down below and covered at +100, looking to add on the dips on this one.

I took a quick short off the last 1h close, but it was just stopped out for +2. My long is still marching and having fun though.
Just digging in the trenches like everyone else!
  • #113,888
  • Jan 21, 2009 4:42pm Jan 21, 2009 4:42pm
Great Job eo you are definitely one of the guys to listen to on this thread
without motive at all.

Quoting eohater
I thought you were short from up above. I'm long from down below and covered at +100, looking to add on the dips on this one.

I took a quick short off the last 1h close, but it was just stopped out for +2. My long is still marching and having fun though.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,889
  • Jan 21, 2009 4:44pm Jan 21, 2009 4:44pm
Quoting Bones
Great Job eo you are definitely one of the guys to listen to on this thread
without motive at all.
Thanks bro! I appreciate the compliment. I'm just digging in the trenches like everyone else.

Whenever I see your posts, I make sure to read them carefully! You've got the candle's down. We could all stand to learn something from you.
Just digging in the trenches like everyone else!
  • #113,890
  • Jan 21, 2009 4:56pm Jan 21, 2009 4:56pm
Happy Trading
Attached Image
  • #113,891
  • Jan 21, 2009 5:09pm Jan 21, 2009 5:09pm
lol I love candles ,I really do, eo
Thanks mate


Quoting eohater
Whenever I see your posts, I make sure to read them carefully! You've got the candle's down. We could all stand to learn something from you.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,892
  • Jan 21, 2009 5:11pm Jan 21, 2009 5:11pm
Quoting Jduester
How do you like your WT forex? I used Wizetrade Stocks for a while. Just like using price charts better.

Josh
Hey Josh,

Sorry i missed your post back here,
I was getting the input from EO there & having a laugh
about the "Alligator" Approach! !

Anyway,
Yes i like it ONLY if you know more about support/resistance,
and Fib's i'm learning more about. I've got a long way to go,
but have learned well at what i have w/the edges i use,
if i stick -just to executing what does work & not taking
trades where i'm unsure of an edge.

Anyway, a little vague, sorry for the delay,
-Yes i like the price charts better for Estimating targets
In a greater / larger detail of detail.
Thanks Josh,

Jeff !
I will work to Objectively Identify my Edges
  • #113,893
  • Jan 21, 2009 5:46pm Jan 21, 2009 5:46pm
Quoting Abuawad
Happy Trading

Thanks for that Nizar - looks like we might be heading down so just now...

I have my eye on the DOW and it's effects on cable all the time now - so it hinges on whether the upswing continues or profit taking sets in tomorrow

Without more DOW positive, I am not sure of an up movement - and yes the long term trend is still down
  • #113,894
  • Jan 21, 2009 5:55pm Jan 21, 2009 5:55pm
will be interesting to see how it behaves around 13850 support (again), if it gets there
  • #113,895
  • Edited 6:39pm Jan 21, 2009 6:11pm | Edited 6:39pm
Quoting Bones
If it closes over 1.4.....

well it would then be a very nice hammer for me
Just wanted to say that on the Alpari feed price did close above 1.4.


Open: 1.3867
High: 1.4026
Low: 1.3618
Close: 1.4016
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 70 KB
  • #113,896
  • Jan 21, 2009 6:52pm Jan 21, 2009 6:52pm
Heck it's exciting - if it ain't back in the channel then it must be somewhere near


fingerbiting time
  • #113,897
  • Jan 21, 2009 6:55pm Jan 21, 2009 6:55pm
3867 is support and the daily pivot. Could go either way.
  • #113,898
  • Jan 21, 2009 6:56pm Jan 21, 2009 6:56pm
Quoting allserene
Heck it's exciting - if it ain't back in the channel then it must be somewhere near


fingerbiting time
With the way it dropped off the 1.4 level, I thought we might retest the channel now sitting well below this 1H pinbar in the making... let's see how it goes...
  • #113,899
  • Jan 21, 2009 7:01pm Jan 21, 2009 7:01pm
Quoting Vourvoul
With the way it dropped off the 1.4 level, I thought we might retest the channel now sitting well below this 1H pinbar in the making... let's see how it goes...
I havent got myself a dow futures screen yet so i am blind on whats happening

all this 400 pip stuff either way is giving me the jitters
  • #113,900
  • Jan 21, 2009 7:06pm Jan 21, 2009 7:06pm
Congratulations guys...

All of u guys that contributed today. I just caught up reading the posts from early in the NY session.

That was one of the best trading sessions I have read in this thread.

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