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Cable Update (GBPUSD)

  • #114,281
  • Jan 22, 2009 11:27pm Jan 22, 2009 11:27pm
Quoting DireXiv
Moved to far for me to enter now... need another setup...
Im looking for a retrace & then short if my set upss trigeers... Why going long against the overall bearish trend?? ... what time frame do most traders of this thread use??
Pd. Is annoying to reload the page to read new replies..... Is not possible another fast and "on time" way to communicate between users?.. Sorry, hope you understand, english is not my native language
"Even A Thousand Mile Journey Begins with the First Step"
  • #114,282
  • Jan 22, 2009 11:27pm Jan 22, 2009 11:27pm
Quoting Jnita
stalled, undecided to get out or hold for 10min more
Train leaving north
  • #114,283
  • Jan 22, 2009 11:28pm Jan 22, 2009 11:28pm
Theres a lot of bullish sentiment recently. Keeps tryin to break up side resistance levels, plenty of bullish candle formations. Finding it hard to go against the major downtrend though.
  • #114,284
  • Jan 22, 2009 11:33pm Jan 22, 2009 11:33pm
90% of my trades are with the overall trend... which is still short on my charts. i use h1, m15, and m5.

Occasionally I take the "touches" of trendlines... most people wait for the breaks and dont' get them or get caught trying to play the break.. and when they move away from the t/l.. it's usually a good move.. as we are seeing.. occasionally is the homerun that runs the entire distance for a reversal.... but I rarely get those... some of the other guys seem to do that often

When you do the t/l touches.. you can also use a tight s/l.. and set to b/e quickly to protect yourself

Quoting analizer
Im looking for a retrace & then short if my set upss trigeers... Why going long against the overall bearish trend?? ... what time frame do most traders of this thread use??
Pd. Is annoying to reload the page to read new replies..... Is not possible another fast and "on time" way to communicate between users?.. Sorry, hope you understand, english is not my native language
DireXiv Make it happen, no one else is going to do it for you...
  • #114,285
  • Jan 22, 2009 11:35pm Jan 22, 2009 11:35pm
Quoting fry2010
Theres a lot of bullish sentiment recently. Keeps tryin to break up side resistance levels, plenty of bullish candle formations. Finding it hard to go against the major downtrend though.
I hear you, same here ... decided to go long and see

edit: moved SL to BE
  • #114,286
  • Jan 22, 2009 11:40pm Jan 22, 2009 11:40pm
Closed 82.

--------------

we could have a 3 wave pattern since last move bounced at 618, but 87 could still be broke.

if 3 wp hold, next tp is at 1.3696, if not bounce at 1.3735/48 and we are up again, london futures are only -7 down... so still mixed.
  • #114,287
  • Jan 22, 2009 11:46pm Jan 22, 2009 11:46pm
The question on my mind atm is when it breaks out is it going to fake-out?
gd job u got locked in at b/e. Wud be a gd price to get in for long. Although its turned its ugly head south again.
  • #114,288
  • Jan 22, 2009 11:47pm Jan 22, 2009 11:47pm
Quoting fry2010
The question on my mind atm is when it breaks out is it going to fake-out?
90% of break out are false.... Hehe!

-------------------------

63 hold again... we are maby going back to 87...
  • #114,289
  • Jan 22, 2009 11:50pm Jan 22, 2009 11:50pm
Quoting Inzider
we could have a 3 wave pattern since last move bounced at 618, but 87 could still be broke.
With u there, currently on the fifth wave.
or did u mean an abc?
I think were looking at impulsive, but well too late for it.
If it is 5th target lookin at the famous 1.3680.
  • #114,290
  • Jan 22, 2009 11:51pm Jan 22, 2009 11:51pm
definitely not a great h1 close here... she may come back down a bit... after the first touch.. i'll have to get a pa setup to take her long again.

Quoting fry2010
The question on my mind atm is when it breaks out is it going to fake-out?
gd job u got locked in at b/e. Wud be a gd price to get in for long. Although its turned its ugly head south again.
DireXiv Make it happen, no one else is going to do it for you...
  • #114,291
  • Jan 22, 2009 11:53pm Jan 22, 2009 11:53pm
Quoting DireXiv
definitely not a great h1 close here... she may come back down a bit... after the first touch.. i'll have to get a pa setup to take her long again.
Agree, im in at 65, been a fast trigger... tigh SL

Have you spotted the down channel? - pitchfork on 15? Exactly at 62 for now, lying at 05 at top then 1.3855
offer support.
  • #114,292
  • Jan 22, 2009 11:56pm Jan 22, 2009 11:56pm
My ew analysis is suggesting bearish. Currently on 'e' wave of inside wave, and moves down have been impulsive.
  • #114,293
  • Jan 22, 2009 11:59pm Jan 22, 2009 11:59pm
Quoting Inzider
Agree, im in at 65, been a fast trigger... tigh SL
my setup 4H TF ignite long signal. however it may touchdown to support b4 flying up
  • #114,294
  • Jan 23, 2009 12:03am Jan 23, 2009 12:03am
that's what i see on 1h but reverse the image for sure....

http://www.traders.com/documentation...rs/Diamond.gif
who know's....
  • #114,295
  • Jan 23, 2009 12:07am Jan 23, 2009 12:07am
Quoting fry2010
With u there, currently on the fifth wave.
or did u mean an abc?
I think were looking at impulsive, but well too late for it.
If it is 5th target lookin at the famous 1.3680.
i mean 3 wave like 0-100 then retracment at 618 x3. in a channel.

its an AB=CD 3 times in a row, then D point - buy!

http://www.harmonictrader.com/3drivesbullre.jpg
  • #114,296
  • Jan 23, 2009 12:07am Jan 23, 2009 12:07am
had a short signal at 13777, missed it and short at 13764, tight SL
  • #114,297
  • Jan 23, 2009 12:11am Jan 23, 2009 12:11am
hmmm.. I had a short setup at 64.. but missed it... what was I doing....

- engulf candle that closed below the m15 7 ema... with cci turned

Quoting Jnita
had a short signal at 13777, missed it and short at 13764, tight SL
DireXiv Make it happen, no one else is going to do it for you...
  • #114,298
  • Jan 23, 2009 12:12am Jan 23, 2009 12:12am
Quoting Inzider
i mean 3 wave like 0-100 then retracment at 618 x3. in a channel.

its an AB=CD 3 times in a row, then D point - buy!
I see what u mean. Im looking at wave A being the wave before where u start, so now according to how I see it we are on 'e'.
  • #114,299
  • Jan 23, 2009 12:15am Jan 23, 2009 12:15am
Quoting fry2010
I see what u mean. Im looking at wave A being the wave before where u start, so now according to how I see it we are on 'e'.
OK! your are looking at witch TF to count those wave, you think we are at wave #?
  • #114,300
  • Jan 23, 2009 12:16am Jan 23, 2009 12:16am
Quoting DireXiv
hmmm.. I had a short setup at 64.. but missed it... what was I doing....

- engulf candle that closed below the m15 7 ema... with cci turned
moved my SL to +2
I missed mine for typing here- LOL
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