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Cable Update (GBPUSD)

  • #136,681
  • Jun 11, 2009 2:59am Jun 11, 2009 2:59am
Quoting primzvicious
if u really good at it
why dont u suggest an entry point ?
Okay.

This is quoted from post #136646

"Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable."

Price is currently trading within the triangle. A breakout & close above either would be ideal for either buying or selling. Bias atm however is tilted heavily towards selling.
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Thank You
  • #136,682
  • Jun 11, 2009 3:02am Jun 11, 2009 3:02am
How would you comment having a double top? Break bellow support signals sell?

Personally I am more inclined to bulls since channels on "all" timeframes head up north...

Quoting wormboy
Okay.

This is quoted from post #136646

"Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable."

Price is currently trading within the triangle. A breakout & close above either would be ideal for either buying or selling. Bias atm however is tilted heavily...
  • #136,683
  • Jun 11, 2009 3:06am Jun 11, 2009 3:06am
Quoting wormboy
Okay.

This is quoted from post #136646

"Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable."

Price is currently trading within the triangle. A breakout & close above either would be ideal for either buying or selling. Bias atm however is tilted heavily...
you presume that your chart was created yesterday, but i find that the pic that you create yesterday is different with the pic u create just now. in your previous pic i saw the low of the support box is around 1.6210 then you modified it at your new pic to 1.6240 as if you were precisely predicting the low.

sorry .. no offense just IMO
Verily, in every difficulties there is relief
  • #136,684
  • Jun 11, 2009 3:12am Jun 11, 2009 3:12am
Quoting pircj
How would you comment having a double top? Break bellow support signals sell?

Personally I am more inclined to bulls since channels on "all" timeframes head up north...
He showed you his chart,
With his reasons why.
You didn't invite him for a debate.
You asked for a quote, or entry
And if so, where are your charts to back it up

Just jerking your chain man

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,685
  • Jun 11, 2009 3:16am Jun 11, 2009 3:16am
Quoting pircj
How would you comment having a double top? Break bellow support signals sell?

Personally I am more inclined to bulls since channels on "all" timeframes head up north...
I will short only when price close below the ltl irregardless of the double top. That is my cue to pull the trigger.

In regards to "all" timeframes you need to remember that the crows on the daily and the star on the weekly are stern warning of a possible reversal.

Good luck
Thank You
  • #136,686
  • Jun 11, 2009 3:19am Jun 11, 2009 3:19am
Quoting wormboy
I will short only when price close below the ltl irregardless of the double top. That is my cue to pull the trigger.

In regards to "all" timeframes you need to remember that the crows on the daily and the star on the weekly are stern warning of a possible reversal.

Good luck
can u explain crows on daily and star on weekly.. a chart would be awesome...thanx, i dont know much about candle stick formations...
  • #136,687
  • Jun 11, 2009 3:21am Jun 11, 2009 3:21am
everything looks bullish to me...im long 6375 for 100
FUTURE OF MX
  • #136,688
  • Jun 11, 2009 3:24am Jun 11, 2009 3:24am
Quoting 4xHero
can u explain crows on daily and star on weekly.. a chart would be awesome...thanx, i dont know much about candle stick formations...

yeah we dont trade candle stick
Verily, in every difficulties there is relief
  • #136,689
  • Jun 11, 2009 3:26am Jun 11, 2009 3:26am
Quoting primzvicious
you presume that your chart was created yesterday, but i find that the pic that you create yesterday is different with the pic u create just now. in your previous pic i saw the low of the support box is around 1.6210 then you modified it at your new pic to 1.6240 as if you were precisely predicting the low.

sorry .. no offense just IMO
I believe wormboy is doing a good work here by posting his observations with technical backing. No one can precisely predict the future prices.

As he pointed, any price prediction with charts would give useful inputs to others..

Let's cool down and move on..
  • #136,690
  • Jun 11, 2009 3:31am Jun 11, 2009 3:31am
Thanks for your comments.

Just to clarify - which ltl are you talking about? The lowest one which meets "Support Box" on your chart?

Thanks again.

Quoting wormboy
I will short only when price close below the ltl irregardless of the double top. That is my cue to pull the trigger.

In regards to "all" timeframes you need to remember that the crows on the daily and the star on the weekly are stern warning of a possible reversal.

Good luck
  • #136,691
  • Jun 11, 2009 3:32am Jun 11, 2009 3:32am
see thats the move i was looking for
FUTURE OF MX
  • #136,692
  • Jun 11, 2009 3:33am Jun 11, 2009 3:33am
Quoting primzvicious

yeah we dont trade candle stick
i call my candle as spike and sure as hell i do not trade that either
  • #136,693
  • Jun 11, 2009 3:33am Jun 11, 2009 3:33am
Quoting primzvicious
you presume that your chart was created yesterday, but i find that the pic that you create yesterday is different with the pic u create just now. in your previous pic i saw the low of the support box is around 1.6210 then you modified it at your new pic to 1.6240 as if you were precisely predicting the low.

sorry .. no offense just IMO
None taken.
But presume? Don't know what you're on about.

Here's the original post & chart : http://www.forexfactory.com/showpost...postcount=1313
Post & chart created 17 hours ago. Top left corner of your browser tab if you can't see it.

The same chart was redrawn on my laptop which I don't think is a crime.
http://www.forexfactory.com/showpost...postcount=1320
I hope you're not serious about the box? That was highlighted using paint. I hope noone hangs me for not redrawing the support box to scale lol.

Btw, see the address at the footnote? All trade calls are posted live there, wins & losses. No bs.

Have a good one
Thank You
  • #136,694
  • Jun 11, 2009 3:35am Jun 11, 2009 3:35am
Quoting pircj
Thanks ....
yup.

you're welcome
Thank You
  • #136,695
  • Jun 11, 2009 3:35am Jun 11, 2009 3:35am
Morning all,

A 4H close about 1.6468 would put alot of people long
  • #136,696
  • Jun 11, 2009 3:38am Jun 11, 2009 3:38am
Quoting welshguy2000
Morning all,

A 4H close about 1.6468 would put alot of people long
Last high is about that area, a breakout will result in continuation??
  • #136,697
  • Jun 11, 2009 3:38am Jun 11, 2009 3:38am
Quoting wormboy
None taken.
But presume? Don't know what you're on about.

Here's the original post & chart : http://www.forexfactory.com/showpost...postcount=1313
Post & chart created 17 hours ago. Top left corner of your browser tab if you can't see it.

The same chart was redrawn on my laptop which I don't think is a crime.
http://www.forexfactory.com/showpost...postcount=1320
I hope you're not serious about the box? That was highlighted using paint. I hope noone hangs me for...
well defending
sorry for troubling you so much
Verily, in every difficulties there is relief
  • #136,698
  • Jun 11, 2009 3:39am Jun 11, 2009 3:39am
Quoting primzvicious
well defending
sorry for troubling you so much
No issue. Have a good one
Thank You
  • #136,699
  • Jun 11, 2009 3:43am Jun 11, 2009 3:43am
Watch 1.6509. Yesterday they missed it by 30 some pips. if they can't manage to break it today again then might mean the end of the cycle is near.
Attached Image
Hear the music before the song is over ...
  • #136,700
  • Jun 11, 2009 3:48am Jun 11, 2009 3:48am
Entered long at M15 candle open: 1.6442
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