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Cable Update (GBPUSD)

  • #123,781
  • Edited 8:25pm Feb 26, 2009 11:19am | Edited 8:25pm
That chart (#123776) ain't boring. Thanks.
  • #123,782
  • Feb 26, 2009 11:19am Feb 26, 2009 11:19am
A repeating pattern indicated in red circles, might make you believe that we are just selling now for a slingshot launch this afternoon....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,783
  • Feb 26, 2009 11:22am Feb 26, 2009 11:22am
Quoting MarkyBoy
EO, would you mind explaining what convinced you to jump in so high up? I was looking for a short as well, but the place I was going to get in was around 4342 when it bounced off the resistance line on my chart. I'm loving your advice by the way, and Abuawad's entry points, they're really helping my trading...
maybe EO can explain when he get back

on the 15 minutes, double top and very strong candles (bearish) , like even star type thing...on the resistance based on the 4hr chart i post earlier..it was only going one place after the double top...now this 4hr should form a pin type signal so more hop on the bus

just my 2 cents...might still go up knowing me (50% fib as well..trendlines also)
  • #123,784
  • Feb 26, 2009 11:26am Feb 26, 2009 11:26am
Quoting allserene
http://www.derok.net/derek3/images/g...%20balcony.jpg
  • #123,785
  • Feb 26, 2009 11:26am Feb 26, 2009 11:26am
euro going down a lot faster than gbp - look at euro/gbp chart..


either its time for the euro to catch up, or the correlation which usually applies means that gbp will dip soon too

is this baby about to fall ? Smothering it didnt work

http://www.derok.net/derek3/images/g...%20balcony.jpg
  • #123,786
  • Feb 26, 2009 11:27am Feb 26, 2009 11:27am
Quoting nAVIN2007
maybe EO can explain when he get back

on the 15 minutes, double top and very strong candles (bearish) , like even star type thing...on the resistance based on the 4hr chart i post earlier..it was only going one place after the double top...now this 4hr should form a pin type signal so more hop on the bus

just my 2 cents...might still go up knowing me (50% fib as well..trendlines also)
Thanks Navin - looking back I can see what you mean. Starting to recognise the very obvious ones like the hammer but not confident with the evening star yet - learning fast though thanks to you lot!!
  • #123,787
  • Feb 26, 2009 11:28am Feb 26, 2009 11:28am
Quoting nAVIN2007
that chart gonna make u go blind bro...damn man to much lines
For SCALP no blind ! Riding on the middle a daily range very risky !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,788
  • Feb 26, 2009 11:31am Feb 26, 2009 11:31am
Grabbed a long as a precaution, 1.4324, s/l @ 14299...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,789
  • Feb 26, 2009 11:38am Feb 26, 2009 11:38am
Quoting MarkyBoy
Thanks Navin - looking back I can see what you mean. Starting to recognise the very obvious ones like the hammer but not confident with the evening star yet - learning fast though thanks to you lot!!
wellcome

the middle bar doesnt have to close above the first bar...that generally for stocks, it wasnt written with forex in mind
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  • #123,790
  • Feb 26, 2009 11:45am Feb 26, 2009 11:45am
.....
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  • #123,791
  • Feb 26, 2009 11:45am Feb 26, 2009 11:45am
DOW weakening fast

we are sinking faster than a boatload of illegal immigrants
  • #123,792
  • Feb 26, 2009 11:46am Feb 26, 2009 11:46am
Quoting allserene
DOW weakening fast

we are sinking faster than a boatload of illegal immigrants
allen u totally crack me up!
  • #123,793
  • Feb 26, 2009 11:50am Feb 26, 2009 11:50am
Quoting nAVIN2007
allen u totally crack me up!
hey Nav

If you were stuck in a lifeless desert full of gunslinging cowboys, you would have some pretty wild thoughts too !

The local gayboy rode into town and shot up the sheriff last night

oh dear - I think I will go and lay down with an icepack until the market gets going
  • #123,794
  • Feb 26, 2009 11:54am Feb 26, 2009 11:54am
Quoting allserene
hey Nav

If you were stuck in a lifeless desert full of gunslinging cowboys, you would have some pretty wild thoughts too !

The local gayboy rode into town and shot up the sheriff last night

oh dear - I think I will go and lay down with an icepack until the market gets going
  • #123,795
  • Feb 26, 2009 12:01pm Feb 26, 2009 12:01pm
Quoting nAVIN2007
.....
Never would have spotted that - I'd read the babypips info on it but thanks for the great explanation - I'll be ready next time....
  • #123,796
  • Feb 26, 2009 12:41pm Feb 26, 2009 12:41pm
Up?? Maybe?? We are in a triangle at least....
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  • #123,797
  • Feb 26, 2009 12:42pm Feb 26, 2009 12:42pm
Well, perhaps a little premature in my entry, exit @ +1, will wait for a better buy and second run 1.4325 resistence...

Guess I coulda held another 2 seconds....sigh....

CRAP!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #123,798
  • Feb 26, 2009 12:42pm Feb 26, 2009 12:42pm
Oh and a bunch of resistance in the form of moving averages and price... The price is stuck in a tight range,,,
.
  • #123,799
  • Feb 26, 2009 12:46pm Feb 26, 2009 12:46pm
Quoting bullrock
Up?? Maybe?? We are in a triangle at least....
yes action time soon -- but the trend on the daily is still down... so i will use any up as an entry point for a short
  • #123,800
  • Feb 26, 2009 12:48pm Feb 26, 2009 12:48pm
Is this significant?
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