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  • #5,521
  • Sep 21, 2009 8:04pm Sep 21, 2009 8:04pm
Why would one buy cable, when one can buy EURUSD instead?
  • #5,522
  • Sep 21, 2009 8:13pm Sep 21, 2009 8:13pm
Quoting One14
Here's something that jumped out at me while reviewing the charts tonight. I am not really studying this stuff now as I have been focusing on the basics that Strat has been pushing (SS, Hammers, BEEB, etc...), but like I said it stuck out.
Interesting.. I was focusing on the hammer on my charts which is forming a double bottom and is on that dsri which you have as a neck line, so I didn't really notice the h&s
  • #5,523
  • Sep 21, 2009 8:25pm Sep 21, 2009 8:25pm
Quoting Alexandra
Why would one buy cable, when one can buy EURUSD instead?
Why is EURUSD better to buy?
  • #5,524
  • Sep 21, 2009 8:35pm Sep 21, 2009 8:35pm
Quoting Naws
Why is EURUSD better to buy?
EUR/USD is in an Uptrend...GBP/USD is in a Downtrend or Consolidation at best.

Taking a GBP/USD Long trade would be counter trend.

I was not making recommendations...just throwing out what appears to be there.
  • #5,525
  • Sep 21, 2009 8:38pm Sep 21, 2009 8:38pm
Quoting One14
Here's something that jumped out at me while reviewing the charts tonight. I am not really studying this stuff now as I have been focusing on the basics that Strat has been pushing (SS, Hammers, BEEB, etc...), but like I said it stuck out.

I know Nicola and others have already been trading the Pound, but I'd like to throw this one out there and get some opinions from you Certified Trainers (and of course the Master).
BTW, Nicola...have you made any moves (and not the ones that Strat is probably thinking of)?

We are near the low end of the consolidation,...
this is not valid H&S (even if it might fall down)
  • #5,526
  • Sep 21, 2009 8:39pm Sep 21, 2009 8:39pm
Quoting Naws
Why is EURUSD better to buy?

Never buy the weakest nag in the stable. They never catch up.
  • #5,527
  • Sep 21, 2009 8:40pm Sep 21, 2009 8:40pm
Quoting Alexandra
Why would one buy cable, when one can buy EURUSD instead?
I thought you were a USD/JPY kind of girl.

She's flirting with 91.70 again.
  • #5,528
  • Sep 21, 2009 8:47pm Sep 21, 2009 8:47pm
Quoting One14
I thought you were a USD/JPY kind of girl.

She's flirting with 91.70 again.
Speaking of usd/jpy, how bout this shooting star?

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy sep 21.gif Size: 25 KB


Also shooting stars on other pairs like eurusd, audusd, and a very nice BUOB on nzdusd

anyone taking trades?
  • #5,529
  • Sep 21, 2009 8:49pm Sep 21, 2009 8:49pm
Quoting One14
I thought you were a USD/JPY kind of girl.

She's flirting with 91.70 again.

As I've written many times, that USDJPY trade is a fundamental trade at it's base. My rent is paid with the technical markets - chiefly the continentals and the commodity currencies on this swing since the early part of the year.

Yes, USDJPY is exactly at 91.70 as we speak - fancy that!..........oops...91.69.......eeek.....I better bail out......on no!!...... (kidding.....you know who you are on here).
  • #5,530
  • Sep 21, 2009 8:49pm Sep 21, 2009 8:49pm
Quoting One14
EUR/USD is in an Uptrend...GBP/USD is in a Downtrend or Consolidation at best.

Taking a GBP/USD Long trade would be counter trend.

I was not making recommendations...just throwing out what appears to be there.
talking about EU being in uptrend,
although there is no clear supply shown uptill now, but wait
till wednesday till we see what FED ppl will say.
  • #5,531
  • Sep 21, 2009 8:53pm Sep 21, 2009 8:53pm
Quoting rockk
talking about EU being in uptrend,
although there is no clear supply shown uptill now, but wait
till wednesday till we see what FED ppl will say.
OMG.....Strat......I though you screened the crackheads out of here!
  • #5,532
  • Sep 21, 2009 8:58pm Sep 21, 2009 8:58pm
Quoting One14
EUR/USD is in an Uptrend...GBP/USD is in a Downtrend or Consolidation at best.

Taking a GBP/USD Long trade would be counter trend.

I was not making recommendations...just throwing out what appears to be there.

Whoa there big fella.......H/S can be a continuation pattern (sorry Strat). Downtrend? That assumption depends on one's view of choice. Consolidation I will give you (it traded here in May). Low risk long.........why, yes!
  • #5,533
  • Sep 21, 2009 9:04pm Sep 21, 2009 9:04pm
there is only one crackhead and everybody knows who. look at previous posts!!
  • #5,534
  • Edited 9:18pm Sep 21, 2009 9:08pm | Edited 9:18pm
Quoting rockk
there is only one crackhead and everybody knows who. look at previous posts!!

LOL - Indeed!

(Better yet....look at the balance sheet)

I'm truly sorry to offend (well - sort of - it's been building)....but to take a market that's been trending up for 7 months and maintain that there is no clear supply is....well.....dare I say......wait - Strat, there is a musician by this name --- "Ludacris"


For the non-urban music fan:
http://en.wikipedia.org/wiki/Ludacris
  • #5,535
  • Sep 21, 2009 10:07pm Sep 21, 2009 10:07pm
Quoting Naws
Speaking of usd/jpy, how bout this shooting star?

Attachment

Also shooting stars on other pairs like eurusd, audusd, and a very nice BUOB on nzdusd

anyone taking trades?
talking about nzdus, wow ,thats nice ,although not typical BUOB , but nice. thanks for remniding us.
  • #5,536
  • Sep 21, 2009 10:13pm Sep 21, 2009 10:13pm
Quoting Alexandra
Whoa there big fella.......H/S can be a continuation pattern (sorry Strat). Downtrend? That assumption depends on one's view of choice. Consolidation I will give you (it traded here in May). Low risk long.........why, yes!
I knew I should have added "short term" downtrend for the Alexandras of the world.
  • #5,537
  • Sep 21, 2009 10:14pm Sep 21, 2009 10:14pm
well, did anybody heard Rubin Gibb saying" LIKE A FOOL"
  • #5,538
  • Edited 10:30pm Sep 21, 2009 10:19pm | Edited 10:30pm
Quoting One14
I knew I should have added "short term" downtrend for the Alexandras of the world.
No - that was a good post. It illustrates the point so well -- it is all a matter of perspective. Strat is fond of reminding traders to execute the trade and manage it on the same time frame. It's a good reminder. Look at that dramatic monthly and weekly chart.

Per the current daily chart, I would not sell - I would have bought on the open this evening. That's good for about 25 pips right now; but EURUSD gave you about 40 at a higher return. Nevertheless, if so inclined, one would have a protected cable trade against the weekly static support right now. If it turns against you, so what? If you are correct, you have a reasonable run ahead.

And for anyone who cannot find a SHS pattern on any timeframe of cable, I have a lovely parting gift from a man named Murphy.
  • #5,539
  • Sep 21, 2009 10:45pm Sep 21, 2009 10:45pm
Quoting Alexandra
Whoa there big fella.......H/S can be a continuation pattern (sorry Strat). Downtrend? That assumption depends on one's view of choice. Consolidation I will give you (it traded here in May). Low risk long.........why, yes!
""H/S can be a continuation pattern (sorry Strat)""

Absolutely no argument there whatsoever as EURUSD H&S from May 21 to June 16 and price continuation thereon up to 1.4767 attests.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,540
  • Sep 22, 2009 12:20am Sep 22, 2009 12:20am
Quoting One14
I'd like to throw this one out there and get some opinions from you Certified Trainers (and of course the Master).

We are near the low end of the consolidation, so we need to pay attention to that.
One,

It is definitely an HS pattern, and attached is what I see on my chart. I took short trade at the close of 14/9 bar due to evening star, breaking of short term DSRI (a different way of trading HSs, short term view) and a very good RR and exited yesterday.

Regarding current situation, as long as 1/9 low holds, major trend is still up and I favour long trades with PA if yesterday's high is penetrated (again very good RR). You can find yourself in the fat city in case of breaking of 1/9 low and hence HS neck.
I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.jpg Size: 132 KB
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