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Cable Update (GBPUSD)

  • #114,621
  • Jan 23, 2009 1:00pm Jan 23, 2009 1:00pm
Quoting allserene
what happened , did ozzy osborne take over the uk treasury

look at the euro !

perpendicularisimo ! back to 1.60 by tuesday
EU should go up, but GU should go down, to meet the same price sooner or not at about 1.35xx !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,622
  • Jan 23, 2009 1:02pm Jan 23, 2009 1:02pm
the guys who just made 300 pips times their positions on euro

have not made a cent until they sell
  • #114,623
  • Jan 23, 2009 1:02pm Jan 23, 2009 1:02pm
Quoting Infinity
=====>
Did you take it brother? I didn't.
Just digging in the trenches like everyone else!
  • #114,624
  • Jan 23, 2009 1:03pm Jan 23, 2009 1:03pm
Im so pleased you have done this Josh you are on the right path my friend!

Quoting Jduester
I've only been following this forum for a fewweeks, but I want to thank you all for all your posts. Last Friday, Bones posted that someone should take a look at the James16 thread and read the entire thing... that way they could truly learn about PA.

Well, thanks Bones (and all of you on this thread too), as I've started reading that James16 thread. Coming up on post 3000 on that one... hope to be caught up in about a month. Started following this thread about 2000 posts ago...

Looking forward to posting trades as I make them in the future....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #114,625
  • Jan 23, 2009 1:05pm Jan 23, 2009 1:05pm
Quoting eohater
Did you take it brother? I didn't.
No not yet... I think we will see at least 3788.. I will look at price action there..
Patience + Discipline - Greed = Success
  • #114,626
  • Jan 23, 2009 1:09pm Jan 23, 2009 1:09pm
I made a mistake earlier and posted it and have reviewed my mistake.

I.E the pattern should have been lower against the other price that is my conclusion ,I hope you all had a great day its been a tough one ...


Quoting Bones
Looking Bullish?
Attached Image (click to enlarge)
Click to Enlarge Name: 41 piecing pattern cable.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #114,627
  • Jan 23, 2009 1:13pm Jan 23, 2009 1:13pm
Quoting Inzider
waiting 3800? at 200 ma on 15tf?
Yeah, it coincides with the 1h 50 as well. Might have missed the boat, but I'm not sold on the candles just yet. I would say a bounce is coming here off the 15m 5.
Just digging in the trenches like everyone else!
  • #114,628
  • Jan 23, 2009 1:14pm Jan 23, 2009 1:14pm
Quoting Bones
I made a mistake earlier and posted it and have reviewed my mistake.

I.E the pattern should have been lower against the other price that is my conclusion ,I hope you all had a great day its been a tough one ...
It's ok bro.... we all make mistakes....The key is identifying them and learning from them......You are a very good trader who provides excellent analysis on a regular basis. Keep it coming...
Patience + Discipline - Greed = Success
  • #114,629
  • Jan 23, 2009 1:15pm Jan 23, 2009 1:15pm
Quoting eohater
Yeah, it coincides with the 1h 50 as well. Might have missed the boat, but I'm not sold on the candles just yet. I would say a bounce is coming here off the 15m 5.
That's what I'm thinking too bro...
Patience + Discipline - Greed = Success
  • #114,630
  • Jan 23, 2009 1:18pm Jan 23, 2009 1:18pm
Quoting eohater
Yeah, it coincides with the 1h 50 as well. Might have missed the boat, but I'm not sold on the candles just yet. I would say a bounce is coming here off the 15m 5.
fail to broke 78 could make it, or could get in at 48, just under the 15 last bar if... just an idea
  • #114,631
  • Jan 23, 2009 1:18pm Jan 23, 2009 1:18pm
Quoting eohater
Yeah, it coincides with the 1h 50 as well. Might have missed the boat, but I'm not sold on the candles just yet. I would say a bounce is coming here off the 15m 5.
There's the bounce I was talking about. Now, will she go higher? We'll see. I'm not short yet, nor will I go long right now. The long would of been at the opening of the current 15m candle. Their nice entries, but you have to watch when you take them. They can slap you around.
Just digging in the trenches like everyone else!
  • #114,632
  • Jan 23, 2009 1:20pm Jan 23, 2009 1:20pm
Quoting Bones
I made a mistake earlier and posted it and have reviewed my mistake.

I.E the pattern should have been lower against the other price that is my conclusion ,I hope you all had a great day its been a tough one ...
Don't fret bro! Like Infinity said, your one hell of a trader. You recognized your mistake and now when the pattern arises in the future, you'll know how to identify it.

Keep up the excellent posts!
Just digging in the trenches like everyone else!
  • #114,633
  • Jan 23, 2009 1:23pm Jan 23, 2009 1:23pm
Quoting eohater
There's the bounce I was talking about. Now, will she go higher? We'll see. I'm not short yet, nor will I go long right now. The long would of been at the opening of the current 15m candle. Their nice entries, but you have to watch when you take them. They can slap you around.
I've reconsidered bro.. It's getting too close to the end of the day.. I'm going to chill out now and call it a day.. Good luck with your trades if you decide to enter any more today. Have a great weekend!
Patience + Discipline - Greed = Success
  • #114,634
  • Jan 23, 2009 1:24pm Jan 23, 2009 1:24pm
Quoting allserene
what happened , did ozzy osborne take over the uk treasury

look at the euro !

perpendicularisimo ! back to 1.60 by tuesday

You guys are so hilarious!
Every time I take a look at this threat I just can't stop laughing.
  • #114,635
  • Jan 23, 2009 1:26pm Jan 23, 2009 1:26pm
Quoting Infinity
I've reconsidered bro.. It's getting too close to the end of the day.. I'm going to chill out now and call it a day.. Good luck with your trades if you decide to enter any more today. Have a great weekend!
Nothing wrong with that! I'm not sold on a short just yet either. The end of day on Friday, you might have the best position, CASH. I'm only going to take a short if she shows the right PA. At this moment, she's a damn freight train headed north without a stop to make.
Just digging in the trenches like everyone else!
  • #114,636
  • Jan 23, 2009 1:36pm Jan 23, 2009 1:36pm
Cheers guys ,man ive had a long week ,been great tho

catch you later
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #114,637
  • Jan 23, 2009 1:37pm Jan 23, 2009 1:37pm
Quoting eohater
Nothing wrong with that! I'm not sold on a short just yet either. The end of day on Friday, you might have the best position, CASH. I'm only going to take a short if she shows the right PA. At this moment, she's a damn freight train headed north without a stop to make.
euro peeling off some but normal profit taking - no sign of changed minds

i guess we stopped asking questions like 'what caused that rise'

the answer is 'more buyers than sellers i suppose'
  • #114,638
  • Jan 23, 2009 1:41pm Jan 23, 2009 1:41pm
Quoting Bones
Cheers guys ,man ive had a long week ,been great tho

catch you later
See ya Bones! Glad you had a good week! We'll battle again next week! Get some rest and be ready!
Just digging in the trenches like everyone else!
  • #114,639
  • Jan 23, 2009 1:42pm Jan 23, 2009 1:42pm
Quoting eohater
See ya Bones! Glad you had a good week! We'll battle again next week! Get some rest and be ready!
U make a nice major! i'm happy for your soldier. Hehe!
  • #114,640
  • Jan 23, 2009 1:43pm Jan 23, 2009 1:43pm
Quoting allserene
euro peeling off some but normal profit taking - no sign of changed minds

i guess we stopped asking questions like 'what caused that rise'

the answer is 'more buyers than sellers i suppose'
The simplest answer is usually the right one.

Here's what I'm looking at. If our hourly candle closes like it is, I will go short on her on the opening of the new 1h candle. I tried to get in at 3775, but my limit order was entered a tad too late.

15m to wait now....
Just digging in the trenches like everyone else!
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