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Cable Update (GBPUSD)

  • #114,621
  • Jan 23, 2009 11:00am Jan 23, 2009 11:00am
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 11:02am Jan 23, 2009 11:02am
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 11:02am Jan 23, 2009 11:02am
Quoting Infinity
=====>
Did you take it brother? I didn't.
Just digging in the trenches like everyone else!
  • #114,624
  • Jan 23, 2009 11:03am Jan 23, 2009 11:03am
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 11:05am Jan 23, 2009 11:05am
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 11:09am Jan 23, 2009 11:09am
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 11:13am Jan 23, 2009 11:13am
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 11:14am Jan 23, 2009 11:14am
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 11:15am Jan 23, 2009 11:15am
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 11:18am Jan 23, 2009 11:18am
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 11:18am Jan 23, 2009 11:18am
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 11:20am Jan 23, 2009 11:20am
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 11:23am Jan 23, 2009 11:23am
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 11:24am Jan 23, 2009 11:24am
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 11:26am Jan 23, 2009 11:26am
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 11:36am Jan 23, 2009 11:36am
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 11:37am Jan 23, 2009 11:37am
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 11:41am Jan 23, 2009 11:41am
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 11:42am Jan 23, 2009 11:42am
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 11:43am Jan 23, 2009 11:43am
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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