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Cable Update (GBPUSD)

  • #154,401
  • Aug 3, 2009 10:35am Aug 3, 2009 10:35am
Quoting albchr
All I know is I'm gonna have to go back in data to draw more S/R lines now...
Yeah .. and make it like a spider web
  • #154,402
  • Aug 3, 2009 10:36am Aug 3, 2009 10:36am
Quoting Yngwie
good time to sell for a few pips...
testing [email protected] [email protected].. let see how far it may down
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #154,403
  • Aug 3, 2009 10:40am Aug 3, 2009 10:40am
Quoting Yngwie
testing [email protected] [email protected].. let see how far it may down
ok i am calling this one . you posted looks like good sell 10 minutes back .... price 6915 .

then all of a sudden sell 1.6935 with 4 pip stop loss ( you would almost be stopped out as soon as you enter trades due to spread) , and you called that 30 min after top of market and highest it went on bid chart was 1.6936 , meaning the best entry you could have got was 1.6933

I call bs on this one
Blogging daily now at www.volume.zone
  • #154,404
  • Aug 3, 2009 10:40am Aug 3, 2009 10:40am
Patiently waiting for dips to reenter long. Some other pairs too...
Great Bodies are Engineered not Born
  • #154,405
  • Aug 3, 2009 10:41am Aug 3, 2009 10:41am
Hi Wormboy

Can I ask you something? I know the day didn`t close but ATM, does the dialy chart looks like 3 soldiers formation or not really? If this is the case how often does it works as a reversal pattern?

Thank you,
LT
Quoting wormboy

Attached Image (click to enlarge)
Click to Enlarge Name: daily_3soldiers.gif Size: 24 KB
Discomfort and profit often stand side by side
  • #154,406
  • Aug 3, 2009 10:42am Aug 3, 2009 10:42am
Quoting LondonTrader
Hi Wormboy

Can I ask you something? I know the day didn`t close but ATM, does the dialy chart looks like 3 soldiers formation or not really? If this is the case how often does it works as a reversal pattern?

Thank you,
LT
that is not a reversal pattern it is a bullish pattern
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #154,407
  • Aug 3, 2009 10:42am Aug 3, 2009 10:42am
Quoting mktjong
Sometimes I use psychological SL
Care to elaborate?
Great Bodies are Engineered not Born
  • #154,408
  • Aug 3, 2009 10:43am Aug 3, 2009 10:43am
Quoting Yngwie
testing [email protected] [email protected].. let see how far it may down
Is this a pending order?
Great Bodies are Engineered not Born
  • #154,409
  • Aug 3, 2009 10:46am Aug 3, 2009 10:46am
Quoting LondonTrader
Hi Wormboy

Can I ask you something? I know the day didn`t close but ATM, does the dialy chart looks like 3 soldiers formation or not really? If this is the case how often does it works as a reversal pattern?

Thank you,
LT
Tonight's the night, everything is gonna be alright .. by Rod Steward ..
  • #154,410
  • Aug 3, 2009 10:47am Aug 3, 2009 10:47am
OK, so I'm asking.

Market manipulation or are buyers "really" attracted at these prices?.......
Ghost Rider - WWTBMD?
  • #154,411
  • Aug 3, 2009 10:47am Aug 3, 2009 10:47am
Quoting RichLadyFX
Care to elaborate?
If I can't take the pain anymore then am out .. http://www.forexfactory.com/images/icons/icon10.gif
  • #154,412
  • Aug 3, 2009 10:51am Aug 3, 2009 10:51am
Probably it is (after extended decline or subsequent consolidation but) but in reality I found very often than it is a reversal - if you take any chart and start looking for bottoms or tops you will find that the three black crows or three white soldiers are reversal. The theory (books) tell us one story but the experience shows something different - that`s why I asked...

LT


Quoting djambazov84
that is not a reversal pattern it is a bullish pattern
Discomfort and profit often stand side by side
  • #154,413
  • Aug 3, 2009 10:53am Aug 3, 2009 10:53am
Quoting mktjong
If I can't take the pain anymore then am out .. http://www.forexfactory.com/images/icons/icon10.gif
I see. Its very boring without a position! Short@6935 and lets hope.
Great Bodies are Engineered not Born
  • #154,414
  • Aug 3, 2009 10:54am Aug 3, 2009 10:54am
Quoting malcolmb14
ok i am calling this one . you posted looks like good sell 10 minutes back .... price 6915 .

then all of a sudden sell 1.6935 with 4 pip stop loss ( you would almost be stopped out as soon as you enter trades due to spread) , and you called that 30 min after top of market and highest it went on bid chart was 1.6936 , meaning the best entry you could have got was 1.6933

I call bs on this one

LOL...See, Malcolmb, finally somebody got off his drawing board and EUREKA!
I knew it, I knew it's doable......LOL

http://www.forexfactory.com/showpost...stcount=153998
Hear the music before the song is over ...
  • #154,415
  • Aug 3, 2009 10:59am Aug 3, 2009 10:59am
Quoting RichLadyFX
I see. Its very boring without a position! Short@6935 and lets hope.
LOL , seriously...
  • #154,416
  • Aug 3, 2009 10:59am Aug 3, 2009 10:59am
close to the target 1.7029
  • #154,417
  • Aug 3, 2009 11:00am Aug 3, 2009 11:00am
Quoting RichLadyFX
I see. Its very boring without a position! Short@6935 and lets hope.
Ouch! Istant -20!
Great Bodies are Engineered not Born
  • #154,418
  • Aug 3, 2009 11:01am Aug 3, 2009 11:01am
quite a few people made my prestigious ignore list today
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #154,419
  • Aug 3, 2009 11:03am Aug 3, 2009 11:03am
Quoting GodfreyH
LOL , seriously...
It makes you sleepy...
Great Bodies are Engineered not Born
  • #154,420
  • Aug 3, 2009 11:03am Aug 3, 2009 11:03am
Quoting RichLadyFX
Ouch! Istant -20!
now you sensed first-hand how intense this bull is raging...lol
Hear the music before the song is over ...
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