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Cable Update (GBPUSD)

  • #126,461
  • Mar 13, 2009 8:57am Mar 13, 2009 8:57am
Quoting doughnut
Possible head and shoulder forming
Short @ 1.4000


Ub
  • #126,462
  • Mar 13, 2009 8:57am Mar 13, 2009 8:57am
Quoting doughnut
15min 30min 1 hour
open your eyes
I still see no chart from you to back this up?

sorry but I do not see one on any chart

post your chart
Don't chase the market, Let the market come to you
  • #126,463
  • Mar 13, 2009 8:59am Mar 13, 2009 8:59am
Quoting Tmac
posts like this are meaningless if not followed with a chart

an H&S on a 4hr chart is worth looking at whereas one on a 5 min is junk
i cant see any head and shoulder even on 5min noise. can u see any?
  • #126,464
  • Mar 13, 2009 9:01am Mar 13, 2009 9:01am
Quoting beejay
i cant see any head and shoulder even on 5min noise. can u see any?

there is none

thats why posts like that need to be backed up with a chart

and my eyes are open
Don't chase the market, Let the market come to you
  • #126,465
  • Mar 13, 2009 9:04am Mar 13, 2009 9:04am
Quoting Tmac
there is none

and my eyes are open
I did not say there is a head and shoulder i said possible and forming look good
Trade less make more!
  • #126,466
  • Mar 13, 2009 9:06am Mar 13, 2009 9:06am
Quoting doughnut
I did not say there is a head and shoulder i said possible and forming look good
post the chart then please

sorry but I see nothing that remotely resembles a head and shouders or one forming
Don't chase the market, Let the market come to you
  • #126,467
  • Mar 13, 2009 9:09am Mar 13, 2009 9:09am
Quoting ubaidahsan
Short @ 1.4000


Ub
Sure short? I'm still see bullish for H8 MA flat.
  • #126,468
  • Mar 13, 2009 9:10am Mar 13, 2009 9:10am
here ya go

http://www.tradingpricepatterns.com/...ulders-bottom/



http://www.tradingpricepatterns.com/...shoulders-top/

again post the chart to back up what you are saying here
Don't chase the market, Let the market come to you
  • #126,469
  • Mar 13, 2009 9:14am Mar 13, 2009 9:14am
The 30min trend tends to follow a bull but coming to the critical resistance as encountered all this morning at 1.4039.. if this candle opens above that resistance then we may see further rises.. if it closes below. then the rise could be rejected and then we head south from there.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (13-MAR-09).png Size: 29 KB
_______________ Say Good-bye to Buy-and-Hold
  • #126,470
  • Mar 13, 2009 9:15am Mar 13, 2009 9:15am
What I notice this tread getting really flooded ,I don't see charts and ppl. posting all kind of bull,let's clean up a little and start discussing serious trades with charts and analysis or it will be like blind leading blind.I am done trading for today ,cable is still in a flat I'll wait till next week to make my mind about direction,have a nice weekend all and start really analysing
  • #126,471
  • Mar 13, 2009 9:18am Mar 13, 2009 9:18am
??????
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 15.gif Size: 35 KB
Click to Enlarge Name: gu 30.gif Size: 36 KB
Click to Enlarge Name: gu 1hr.gif Size: 35 KB
Don't chase the market, Let the market come to you
  • #126,472
  • Mar 13, 2009 9:20am Mar 13, 2009 9:20am
Quoting Tmac
??????
I didn't mean you LOL
  • #126,473
  • Mar 13, 2009 9:21am Mar 13, 2009 9:21am
Quoting Tmac
??????
I understand your point
  • #126,474
  • Mar 13, 2009 9:21am Mar 13, 2009 9:21am
Quoting sofia101
I didn't mean you LOL
The ones who is flooding know who they are
  • #126,475
  • Mar 13, 2009 9:22am Mar 13, 2009 9:22am
Quoting sofia101
I didn't mean you LOL
& i think he know that he just post the charts to clear it for someone here seeing something all of us can't see it...
  • #126,476
  • Mar 13, 2009 9:23am Mar 13, 2009 9:23am
Quoting Tmac
??????
You don't believe that if you add TA and SR is enough ? It is for me
  • #126,477
  • Mar 13, 2009 9:26am Mar 13, 2009 9:26am
Quoting Abuawad
& i think he know that he just post the charts to clear it for someone here seeing something all of us can't see it...
LOL I didn't get it
  • #126,478
  • Mar 13, 2009 9:29am Mar 13, 2009 9:29am
Quoting sofia101
The ones who is flooding know who they are
what do u mean. we are all here to learn and if u are pointing to a particular person why cant u refer to the person directly instead of speaking in parable and start fidgeting once somebody talk
  • #126,479
  • Mar 13, 2009 9:32am Mar 13, 2009 9:32am
Quoting beejay
what do u mean. we are all here to learn and if u are pointing to a particular person why cant u refer to the person directly instead of speaking in parable and start fidgeting once somebody talk
then i think you should learn only, she is one of the best writer here, and if she doesn't want to say the name its up to her.
if you want to learn you should learn from someone who provide justification on his idea or opinion.
not only talking....
  • #126,480
  • Mar 13, 2009 9:32am Mar 13, 2009 9:32am
Here's just a thought, although I have recent history behind me to back up the point.

With stock markets set to experience their biggest gains in 20 years by the close of the week, I get the lingering feeling that a lot of traders will look to lock in profits before the close of the session.

This would result in a massive drop across equity markets, particularly the DOW, NASDAQ and S&P 500, and would presumably result in the CABLE experiencing a similar drop.

On the back of this, there's also the G20 meeting over the weekend, which has investors jittery as the US & EU have diverging viewpoints on how to tackle the global economic crisis.

Just my 2 cents worth.
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