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Cable Update (GBPUSD)

  • #120,461
  • Feb 15, 2009 1:09pm Feb 15, 2009 1:09pm
Quoting ManUtd
Your thought contradicts with the moto in your signature...
"Trade what you see NOT what you expect."
Good luck.

this is not for trade - just waiting for confirmation
  • #120,462
  • Feb 15, 2009 1:17pm Feb 15, 2009 1:17pm
Sorry guys I have been away.
you can look at xe.com
or http://www.forex-markets.com/quotes.htm
now there is a big gap down price is at 1.4241
that is a big gap down
  • #120,463
  • Feb 15, 2009 1:18pm Feb 15, 2009 1:18pm
Quoting eohater
Just a thought. This is a Daily chart.
Hey eo, whats up man.Would be a nice drop if this H&s pans out.Is this xe.com legit.most sites dont show movement until about 9 pm gmt.
  • #120,464
  • Feb 15, 2009 1:24pm Feb 15, 2009 1:24pm
Quoting Abouelzelouf
Sorry guys I have been away.
you can look at xe.com
or http://www.forex-markets.com/quotes.htm
now there is a big gap down price is at 1.4241
that is a big gap down

here you have a chart, select instrument and timeframe

http://www.dailyfx.com/charts/Chart.html

sorry - there is old data...
  • #120,465
  • Feb 15, 2009 1:30pm Feb 15, 2009 1:30pm
Quoting fifo
here you have a chart, select instrument and timeframe

http://www.dailyfx.com/charts/Chart.html
oanda also show same price.
there is many sites that show the price during weekend
I don't know where they get their feed from.
  • #120,466
  • Feb 15, 2009 2:05pm Feb 15, 2009 2:05pm
Quoting ManUtd
Your thought contradicts with the moto in your signature...
"Trade what you see NOT what you expect."
Good luck.
If one doesn't use all the resources available, then they are short changing themselves. Your right, by what I posted does take away from what you see, but you need to realize the possiblity is out there. I will trade cable no matter what direction she moves. I have my key levels that I will be watching and PA will be the leader for me to take a trade. As to where she's going, no one has a freakin clue, we only know where she's been and with our proper setups, we can trade her for what she's worth.
Just digging in the trenches like everyone else!
  • #120,467
  • Feb 15, 2009 2:07pm Feb 15, 2009 2:07pm
Quoting trader2160
Hey eo, whats up man.Would be a nice drop if this H&s pans out.Is this xe.com legit.most sites dont show movement until about 9 pm gmt.
I use the site to check price when I'm not at my charts and on the weekends. I wouldn't trade off of it, but it's another resource.
Just digging in the trenches like everyone else!
  • #120,468
  • Feb 15, 2009 2:14pm Feb 15, 2009 2:14pm
Quoting fifo
this is not for trade - just waiting for confirmation
I'm still scratching my heading wonder what the f*ck his point was? He must not need to look at patterns, trends or anything else.
Just digging in the trenches like everyone else!
  • #120,469
  • Feb 15, 2009 2:33pm Feb 15, 2009 2:33pm
Quoting eohater
I use the site to check price when I'm not at my charts and on the weekends. I wouldn't trade off of it, but it's another resource.
Man I shouldve held onto my shorts in Usd/jpy and Gbp/Jpy that I opened near the close on friday.Closed them right at the end,Im not a fan of leaving positions open over the weekend unless absolutely neccessary.Didnt want to take any chances with the G7 meeting.Asian session should be interesting tomorrow with the Japanese Gdp.
  • #120,470
  • Feb 15, 2009 2:35pm Feb 15, 2009 2:35pm
Quoting trader2160
Man I shouldve held onto my shorts in Usd/jpy and Gbp/Jpy that I opened near the close on friday.Closed them right at the end,Im not a fan of leaving positions open over the weekend unless absolutely neccessary.Didnt want to take any chances with the G7 meeting.Asian session should be interesting tomorrow with the Japanese Gdp.
I only trade cable, but I'm looking at taking a short on USD/JPY myself. If price should work up near 91.99, I'll be taking a position short and holding it to 90 or lower. The daily close on Friday and the weekly close supports the move south. Same with EUR/JPY
Just digging in the trenches like everyone else!
  • #120,471
  • Feb 15, 2009 2:37pm Feb 15, 2009 2:37pm
Quoting eohater
I'm still scratching my heading wonder what the f*ck his point was? He must not need to look at patterns, trends or anything else.
  • #120,472
  • Feb 15, 2009 2:41pm Feb 15, 2009 2:41pm
Here is my analysis for the first trading day of this week. Will be trading at the start of the London Session.

Any comments are appreciated, i don't usually post any charts,

Happy Trading .
Attached Image
"The trend is your friend, until the end."
  • #120,473
  • Feb 15, 2009 2:41pm Feb 15, 2009 2:41pm
Quoting eohater
I'm still scratching my heading wonder what the f*ck his point was?
I ment exactly what i said. There is no reason at the moment, that could possibly suggest a H&S on that chart. Even more, the uptrend from 1.35 to 1.4980 doesn't need a reversal formation like H&S to sugest its reversal, 'cause that trend is already confirmed to be complete.
Actually the moto in your signature is by all means a very wise thought, but like many others has been overused to a point, transforming it in a simple cliché.
Good luck again.
Berbo count: 12 We'll Keep the Red Flags Flying High
  • #120,474
  • Feb 15, 2009 2:43pm Feb 15, 2009 2:43pm
Quoting ManUtd
I ment exactly what i said. There is no reason at the moment, that could possibly suggest a H&S on that chart. Even more, the uptrend from 1.35 to 1.4980 doesn't need a reversal formation like H&S to sugest its reversal, 'cause that trend is already confirmed to be complete.
Actually the moto in your signature is by all means a very wise thought, but like many others has been overused to a point, transforming it in a simple cliché.
Good luck again.
I don't need your luck!
Just digging in the trenches like everyone else!
  • #120,475
  • Feb 15, 2009 2:43pm Feb 15, 2009 2:43pm
Quoting eohater
I only trade cable, but I'm looking at taking a short on USD/JPY myself. If price should work up near 91.99, I'll be taking a position short and holding it to 90 or lower. The daily close on Friday and the weekly close supports the move south. Same with EUR/JPY
Yeah thats why Im kicking myself lol.Chose peace of mind over pips.It was a great setup.Gbp/jpy seemed a more rewarding option than Euro/JPy.Though it can really rake you over the coals if it starts going against you,hence my hesitation in leaving it open,just in case Gietner and co said something anti yen.
  • #120,476
  • Feb 15, 2009 2:47pm Feb 15, 2009 2:47pm
Quoting trader2160
Yeah thats why Im kicking myself lol.Chose peace of mind over pips.It was a great setup.Gbp/jpy seemed a more rewarding option than Euro/JPy.Though it can really rake you over the coals if it starts going against you,hence my hesitation in leaving it open,just in case Gietner and co said something anti yen.
You made a wise choice. I don't like to hold positions over the weekend either. There's always another trade to be had.
Just digging in the trenches like everyone else!
  • #120,477
  • Feb 15, 2009 2:54pm Feb 15, 2009 2:54pm
Quoting eohater
Just a thought. This is a Daily chart.

Yes; some days ago, i show you the upper 4h chart, and if this formation will confirm, the lower daily chart:

http://www.forexfactory.com/attachme...8&d=1234532736

http://www.forexfactory.com/attachme...1&d=1234648102
assuming the continuation of the bearish scenario, and possible H&S pattern in 4H chart, we could get a big pattern confirmation in 4h and daily charts. and is still bearish: 3 lower highs, and 3 lower lows but not following a channel.

this formation is called the three falling peaks, and if it confirme, the lowest low of the GU (around 1.0450) could be almost touch.
The confirmation is closing below the lower low (more safe) or the intermediate low (more aggressive) (is 1.4346 ODL mt4) (friday`s close 1.4347 )

the target for this formation are
- more safe: 33% of the movement between the 1º peak and the last low so, 5720-3500= 2220 pips*33%=730 pips for the first target (historic 76% win)
- aggressive target is the 100% of the movement (historic 69% win)

Who Knows.... it could be great for my shorts!!!


Right Now GU: gapped down 4205, let's see at the open.
  • #120,478
  • Feb 15, 2009 3:10pm Feb 15, 2009 3:10pm
Answer: messing around....

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

OPEN PRICE NOW on my broker: 1.4213 (FxPro)

I'm 150 pips in
  • #120,479
  • Feb 15, 2009 3:19pm Feb 15, 2009 3:19pm
Quoting ManUtd
I ment exactly what i said. There is no reason at the moment, that could possibly suggest a H&S on that chart. Even more, the uptrend from 1.35 to 1.4980 doesn't need a reversal formation like H&S to sugest its reversal, 'cause that trend is already confirmed to be complete.
Actually the moto in your signature is by all means a very wise thought, but like many others has been overused to a point, transforming it in a simple cliché.
Good luck again.
The purpose of pointing out any potential pattern formation is that if it in fact confirms itself, we will have expected it to occur in advance and thus be ready to make a move. In effect, this is trading what we see. If we traded what we expected then we would just short blindly because we though the HS was forming, without confirmation.
  • #120,480
  • Feb 15, 2009 3:21pm Feb 15, 2009 3:21pm
Response to thread 120388 Just a wild guess, something been bothering you last few weeks.

Inflated puffed up man in picture is really NODDY in disguise, been playing with his paper sword again. Where is his lol i pop

Re rest of recent pip dribble, none of us believe it, none of us are buying into it, with regard to the most offensive remarks the only one who looks ridiculous is yourself.

pns
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