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Cable Update (GBPUSD)

  • #145,861
  • Jul 13, 2009 8:21pm Jul 13, 2009 8:21pm
Quoting wormboy
lol, feels good don't it. all that talk and boom
Nice job on the short, don't forget to secure your profit my friend.

Good luck
As i said earlyer i`m trying to break a record

I`m going to put BE but i`m not taking profit untill it gets below 6230ish... the lower the better...
  • #145,862
  • Jul 13, 2009 8:22pm Jul 13, 2009 8:22pm
Quoting Andre88
DOWN TREND?
Likely... to be now. I can spot a longer term head and shoulders, since the price has bounced off 290s. So, i would treat it as a definite resistance, with buy on a break and sell on a failure.

Looking from another perspective, i can see a wedge forming in the 60 min chart with a possibility of a breakout very very soon and i`m eyeing the downside since the price has failed to take out a higher high in the monthly after half a month is over, as of today. and also keeping in the mind that a nice correction is stimulated after the huge move up and a long time stalling...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 28 KB
  • #145,863
  • Jul 13, 2009 8:24pm Jul 13, 2009 8:24pm
Quoting 5abi
But am sure it got ya, when it touched that 90
"sure" is not quite the word you should be using.
http://www.forexfactory.com/showpost...postcount=1725

I think I'll do the rofl again ...
Thank You
  • #145,864
  • Jul 13, 2009 8:26pm Jul 13, 2009 8:26pm
We cross weekly pivot and we cross darma pivot so according to this my bias is for long first target weeklyR1 1.6400 Stop loss just below weelky pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 25 KB
  • #145,865
  • Jul 13, 2009 8:26pm Jul 13, 2009 8:26pm
Quoting alexandru987
As i said earlyer i`m trying to break a record

I`m going to put BE but i`m not taking profit untill it gets below 6230ish... the lower the better...
as long as the position is secure, go for it.
6220 level needs to be cleared if we are to go much lower imho.
Thank You
  • #145,866
  • Jul 13, 2009 8:28pm Jul 13, 2009 8:28pm
Why so serious Worm Boy? I just said you were short and it went against you. So maybe you did not like the fact that it went against you See I am still long and it hurts me to see it drop too!

But my ROFL was at your previous post-cuz yeah FX is just like that

Come on now....


Quoting wormboy
"sure" is not quite the word you should be using.
http://www.forexfactory.com/showpost...postcount=1725

I think I'll do the rofl again ...
Its all in the mind.
  • #145,867
  • Jul 13, 2009 8:29pm Jul 13, 2009 8:29pm
Quoting zapper
Likely... to be now. I can spot a longer term head and shoulders, since the price has bounced off 290s. So, i would treat it as a definite resistance, with buy on a break and sell on a failure.

Looking from another perspective, i can see a wedge forming in the 60 min chart with a possibility of a breakout very very soon and i`m eyeing the downside since the price has failed to take out a higher high in the monthly after half a month is over, as of today. and also keeping in the mind that a nice correction is stimulated after the huge move up and...

Dude, your confusing the shit out of me!

Keep it simple buddy!!!

Don't try to be an oracle of forex, it will eat you alive!

Trade what you see!
  • #145,868
  • Jul 13, 2009 8:30pm Jul 13, 2009 8:30pm
downtrend looks to have started. gu is falling (formed a lower high, like someone else pointed out in chart), and yen pairs falling
  • #145,869
  • Jul 13, 2009 8:32pm Jul 13, 2009 8:32pm
Quoting zapper
Likely... to be now. I can spot a longer term head and shoulders, since the price has bounced off 290s. So, i would treat it as a definite resistance, with buy on a break and sell on a failure.

Looking from another perspective, i can see a wedge forming in the 60 min chart with a possibility of a breakout very very soon and i`m eyeing the downside since the price has failed to take out a higher high in the monthly after half a month is over, as of today. and also keeping in the mind that a nice correction is stimulated after the huge move up and...

dude...no offense but that is nothing even close to h&s
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #145,870
  • Jul 13, 2009 8:44pm Jul 13, 2009 8:44pm
Quoting 5abi
Why so serious Worm Boy? I just said you were short and it went against you. So maybe you did not like the fact that it went against you See I am still long and it hurts me to see it drop too!

But my ROFL was at your previous post-cuz yeah FX is just like that

Come on now....
I can take jokes ... but
Did not like the fact that it went against me? What are you on about? lol.
My trade calls are logged in my thread buddy, I have one loss out of 4 short so far on cable this week & the current trade is working out fine.

Anyway, not gonna make a big deal out of this. Good luck with your trade
Thank You
  • #145,871
  • Jul 13, 2009 8:46pm Jul 13, 2009 8:46pm
Quoting djambazov84
dude...no offense but that is nothing even close to h&s
dude, imho, what i see is what i have marked off... The White circles are shoulders and the green circle is head. Well, it might seem like the most recent marking is not a shoulder... but it`s just my opinion after examining the resistance at 1.6290 strong, as price gravitated. Also notice that the highs have been lower with wider differences. But the lows have been higher with narrow difference. This tells me that traders are ready to sell the pair early and buy the pair late...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 30 KB
  • #145,872
  • Jul 13, 2009 8:54pm Jul 13, 2009 8:54pm
Thanks you too


Quoting wormboy
I can take jokes ... but
Did not like the fact that it went against me? What are you on about? lol.
My trade calls are logged in my thread buddy, I have one loss out of 4 short so far on cable this week & the current trade is working out fine.

Anyway, not gonna make a big deal out of this. Good luck with your trade
Its all in the mind.
  • #145,873
  • Jul 13, 2009 9:00pm Jul 13, 2009 9:00pm
Quoting zapper
dude, imho, what i see is what i have marked off... The White circles are shoulders and the green circle is head. Well, it might seem like the most recent marking is not a shoulder... but it`s just my opinion after examining the resistance at 1.6290 strong, as price gravitated. Also notice that the highs have been lower with wider differences. But the lows have been higher with narrow difference. This tells me that traders are ready to sell the pair early and buy the pair late...
Your H&S is quite to choppy your shoulder is to high. and it work best in the end of a trend not in a middle range. Just helping to get better accuracy on your pattern..
this chart just to show you an exemple of a clean H&S pattern. reminber everybody has to see it clearely.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 22 KB
  • #145,874
  • Jul 13, 2009 9:05pm Jul 13, 2009 9:05pm
After Gu breakout at resistance 1.6224 and will continue go up to reach at FE 261.8% @ 1.6377. Any comment?
  • #145,875
  • Jul 13, 2009 9:07pm Jul 13, 2009 9:07pm
i'm so tired...

i'll not wait down, or uptrend... fu** off

now its time to smoke marijuana.
  • #145,876
  • Jul 13, 2009 9:08pm Jul 13, 2009 9:08pm
ALSO see this double bottom on the H4 also there on the H1 if we are talking patterns.

Quoting Lejumeau
Your H&S is quite to choppy your shoulder is to high. and it work best in the end of a trend not in a middle range. Just helping to get better accuracy on your pattern..
this chart just to show you an exemple of a clean H&S pattern. reminber everybody has to see it clearely.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
Its all in the mind.
  • #145,877
  • Jul 13, 2009 9:08pm Jul 13, 2009 9:08pm
my confidence level of GU direction is -4, I can't really make sense of the chart. Although still favor a short at current prices.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 5.png Size: 29 KB
  • #145,878
  • Jul 13, 2009 9:21pm Jul 13, 2009 9:21pm
added one more long 6235. Stop 6170.
Its all in the mind.
  • #145,879
  • Jul 13, 2009 9:21pm Jul 13, 2009 9:21pm
here's a nice little nikkei chart that you can detach from the page. I like it because it doesn't take up too much real estate on my laptop.

In the options tab tick off Rfi and it will display properly.

http://www.livecharts.co.uk/MarketCharts/nikkei.php
  • #145,880
  • Jul 13, 2009 9:23pm Jul 13, 2009 9:23pm
Quoting 5abi
added one more long 6235. Stop 6170.
did the same at 6236.
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