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Cable Update (GBPUSD)

  • #123,221
  • Feb 25, 2009 12:16am Feb 25, 2009 12:16am
Quoting malcolmb14

can anyone see the cup and handle that I am seeing ..... 1.5000 test ?


Attachment
Hello malcolmb, we've had 2 possible cup & handle in the past yea. Both varied in outcome. I think cup & handle are not very reliable. I won't put my money on this, borderline gambling methinks. Just a thought. I can still be wrong as usual
Cheers mate.
Attached Image (click to enlarge)
Click to Enlarge Name: gucup.JPG Size: 109 KB
Thank You
  • #123,222
  • Feb 25, 2009 12:20am Feb 25, 2009 12:20am
Quoting wormboy
Hello malcolmb, we've had 2 possible cup & handle in the past yea. Both varied in outcome. I think cup & handle are not very reliable. I won't put my money on this, borderline gambling methinks. Just a thought. I can still be wrong as usual
Cheers mate.

like everything else ... sometimes they work and sometime they do not.

I am treating this as more of a bull flag break out and as long as 1.4482 does not give way i am buying dips
Blogging daily now at www.volume.zone
  • #123,223
  • Feb 25, 2009 12:39am Feb 25, 2009 12:39am
malcolmb :alrite. good luck to you mate
Thank You
  • #123,224
  • Feb 25, 2009 12:45am Feb 25, 2009 12:45am
Quoting wormboy
malcolmb :alrite. good luck to you mate


went back and had a look at those other 2 cups and handles ...

depends on where you consider the handle to be .. but they both produced and 800 pip move If this is a true flag then the flag pole is 500 pips ...

may well be a move into the 1.5000 area. Makes NO sense but if we get a further rally in the markets tomorrow could happen

good banter ... enjoying it
Blogging daily now at www.volume.zone
  • #123,225
  • Feb 25, 2009 1:02am Feb 25, 2009 1:02am
I think we will see 1.48 on Friday.
  • #123,226
  • Feb 25, 2009 1:03am Feb 25, 2009 1:03am
Quoting malcolmb14
like everything else ... sometimes they work and sometime they do not.

I am treating this as more of a bull flag break out and as long as 1.4482 does not give way i am buying dips
As you have said, I agree that the crucial level at the area between the blue fibo fan line !
Attached Image (click to enlarge)
Click to Enlarge Name: 250209.gif Size: 77 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,227
  • Feb 25, 2009 1:21am Feb 25, 2009 1:21am
Quoting malcolmb14
went back and had a look at those other 2 cups and handles ...

depends on where you consider the handle to be .. but they both produced and 800 pip move If this is a true flag then the flag pole is 500 pips ...

may well be a move into the 1.5000 area. Makes NO sense but if we get a further rally in the markets tomorrow could happen

good banter ... enjoying it
Well, I tried to position myself to the first formation before. It didn't happen for me & it did happen on the second when I didn't give it a sniff. I mean if you look at it now, the handle can be questioned, but while it was forming it was a different issue entirely.
But my short bias can change, it's just that it won't be because of the formation.
Yea good banter, as long as we can respectfully disagree
Cheers mate.
Thank You
  • #123,228
  • Feb 25, 2009 1:28am Feb 25, 2009 1:28am
Quoting wormboy
Well, I tried to position myself to the first formation before. It didn't happen for me & it did happen on the second when I didn't give it a sniff. I mean if you look at it now, the handle can be questioned, but while it was forming it was a different issue entirely.
But my short bias can change, it's just that it won't be because of the formation.
Yea good banter, as long as we can respectfully disagree
Cheers mate.
of course we can ..... that is what is great about the forums...
Blogging daily now at www.volume.zone
  • #123,229
  • Feb 25, 2009 1:38am Feb 25, 2009 1:38am
Dude, do you keep insects in that nest?

Quoting manize
As you have said, I agree that the crucial level at the area between the blue fibo fan line !
Ride the Bulls bearback!
  • #123,230
  • Feb 25, 2009 2:04am Feb 25, 2009 2:04am
i did take a short with tight stop and was stopped out..im still in longer term for the buy as the trend remain intact...at least i think so
im thinking 96-100 pips up then next resistance
Attached Image (click to enlarge)
Click to Enlarge Name: results.gif Size: 32 KB
  • #123,231
  • Feb 25, 2009 2:04am Feb 25, 2009 2:04am
good morning house mates...which way fx?...

Abu are you there?
  • #123,232
  • Feb 25, 2009 2:06am Feb 25, 2009 2:06am
hi guys

wave chart
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Click to Enlarge Name: gh.gif Size: 40 KB
{Promotion Removed}
  • #123,233
  • Feb 25, 2009 2:08am Feb 25, 2009 2:08am
Quoting malcolmb14
this London session coming up will see if this flag / handle will mature

that 1,4555 level is being really stubborn...and is upper value area of today and poc / vwap of last session.

A break of this area this time around i think we see that move into 1.470 zone

ok this move looking good .... lets see if this is not just one of those impulsive up moves.... and that 1.4700 ish can be hit
Blogging daily now at www.volume.zone
  • #123,234
  • Feb 25, 2009 2:11am Feb 25, 2009 2:11am
I am running decent negative income right now, but may she come to 1.4660 I will short her even more, and probably move my sl higher.
  • #123,235
  • Feb 25, 2009 2:11am Feb 25, 2009 2:11am
Quoting Abuawad
Please find the file here
http://www.mediafire.com/?sharekey=8...eada0a1ae8665a

i hope all that effort will be useful for everyone
Very nice and Thank You.
  • #123,236
  • Feb 25, 2009 2:13am Feb 25, 2009 2:13am
Quoting derek
hi guys

wave chart
or this...this is the problem i have with trendlines, u can do lines from just about anywhere..
Attached Image (click to enlarge)
Click to Enlarge Name: results.gif Size: 41 KB
  • #123,237
  • Feb 25, 2009 2:18am Feb 25, 2009 2:18am
....
things to think about
Attached Image (click to enlarge)
Click to Enlarge Name: results.gif Size: 41 KB
  • #123,238
  • Feb 25, 2009 2:33am Feb 25, 2009 2:33am
Manize, dude, that's some seriously crazy chart work. Jackson Pollock has nothing on you!
The trend is not your friend, it's your master.
  • #123,239
  • Feb 25, 2009 2:35am Feb 25, 2009 2:35am
Quoting alcando
Dude, do you keep insects in that nest?
Yes, where insect goes rather clear now after M30 broken the LH fibo fan ( blue line). Highly possible up until the next res fibo line. I might be wrong but at least I've got +20 pips when short after she goes up around that level.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,240
  • Feb 25, 2009 2:35am Feb 25, 2009 2:35am
Quoting Abuawad
Sorry for that here is the Update version, it seam yesterday i was sleeping

Did you enter into the 2º buy trade at 1.4585? or not yet?
302 traders viewing now, 2 are registered:
Joshuaenya
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