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Cable Update (GBPUSD)

  • #132,421
  • May 15, 2009 2:00am May 15, 2009 2:00am
http://www.imgphase.com/upload/img/b...4df15ceccb.gif


original thread at http://www.forexfactory.com/showthread.php?t=167838
  • #132,422
  • May 15, 2009 2:14am May 15, 2009 2:14am
Sigmafx

what charts are you using, they look very clean
  • #132,423
  • May 15, 2009 2:50am May 15, 2009 2:50am
Bullish?
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 13 KB
  • #132,424
  • May 15, 2009 2:55am May 15, 2009 2:55am
Quoting juhanimi
Bullish?
I see a dark cloud pattern which is bearish reversal.
  • #132,425
  • May 15, 2009 2:57am May 15, 2009 2:57am
Quoting juhanimi
Bullish?
Of course! It's been so ever since yesterday.
Hear the music before the song is over ...
  • #132,426
  • May 15, 2009 3:00am May 15, 2009 3:00am
Quoting 4cfx
I see a dark cloud pattern which is bearish reversal.
Where?
Hear the music before the song is over ...
  • #132,427
  • May 15, 2009 3:04am May 15, 2009 3:04am
Short 1.5235..... SL 1.5260.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,428
  • May 15, 2009 3:05am May 15, 2009 3:05am
Quoting juhanimi
Bullish?
Nah I think its more like this!
Attached Image (click to enlarge)
Click to Enlarge Name: bull.jpg Size: 218 KB
  • #132,429
  • May 15, 2009 3:06am May 15, 2009 3:06am
LOL
  • #132,430
  • May 15, 2009 3:06am May 15, 2009 3:06am
Quoting PipLand
Nah I think its more like this!
nice one
  • #132,431
  • May 15, 2009 3:09am May 15, 2009 3:09am
I dont know about this Elliot wave counting, but is it wave 3 in daily now, and if it is so, it should be much longer?
  • #132,432
  • May 15, 2009 3:10am May 15, 2009 3:10am
Quoting juhanimi
I dont know about this Elliot wave counting, but is it wave 3 in daily now, and if it is so, it should be much longer?
dunno about th eelliot wave stuff but I do know we just had a lovely big hangman on the 4hr
  • #132,433
  • May 15, 2009 3:18am May 15, 2009 3:18am
Quoting PipLand
dunno about th eelliot wave stuff but I do know we just had a lovely big hangman on the 4hr
Thats exactly right pip.... she does look good
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,434
  • May 15, 2009 3:22am May 15, 2009 3:22am
It is a tug of war for the past 2 and 1/2 hrs? Anyway on H4 sure looks like a tri star (bearish)
  • #132,435
  • May 15, 2009 3:26am May 15, 2009 3:26am
Quoting GlobalMacro
Where?
Here's what I see. Perhaps I'm wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: Dark Cloud.gif Size: 15 KB
  • #132,436
  • May 15, 2009 3:28am May 15, 2009 3:28am
Quoting Bull_Bear
Thats exactly right pip.... she does look good
which means what?

i did try to get into candlesticks and read quite a bit of the Japanese stuff but without looking it up is a hangman a reversal indication? and that's on the 4hr? is the stick long enough?
  • #132,437
  • May 15, 2009 3:34am May 15, 2009 3:34am
Quoting Bull_Bear
Thats exactly right pip.... she does look good
Hopefully we will get a neck break!
  • #132,438
  • May 15, 2009 3:35am May 15, 2009 3:35am
Quoting pockets99
which means what?

i did try to get into candlesticks and read quite a bit of the Japanese stuff but without looking it up is a hangman a reversal indication? and that's on the 4hr? is the stick long enough?
I'm pretty happy with the way price action is moving after the hangman. I'm expecting a reversal with the top of the left shoulder as resisstence and my stop is just above that. If not, well small risk for a BIG gain.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #132,439
  • May 15, 2009 3:35am May 15, 2009 3:35am
Quoting pockets99
which means what?

i did try to get into candlesticks and read quite a bit of the Japanese stuff but without looking it up is a hangman a reversal indication? and that's on the 4hr? is the stick long enough?
Hangman at the end of an uptrend is a reversal sign. Works better on longer time frames, therefore a 4hr hangman is a good signal esp when it coinsides with resistance and possible H&S formation
  • #132,440
  • May 15, 2009 3:36am May 15, 2009 3:36am
Quoting PipLand
Hopefully we will get a neck break!
Too right pipman.... hopefully
Veni, Vidi, Vici (We came, we saw, we conquered)
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