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Cable Update (GBPUSD)

  • #172,321
  • Oct 2, 2009 3:39am Oct 2, 2009 3:39am
Quoting GlobalMacro
on ftse...yesterday's candle bearish for sure...but....look at that monster rally. It could easily turn into a channel bro....this place we're in now is pretty tricky to say the least...

boy I need a Double Latte no foam...
okay, here's the reason I asked.
Attached Image (click to enlarge)
Click to Enlarge Name: ftse.JPG Size: 63 KB
Thank You
  • #172,322
  • Oct 2, 2009 3:41am Oct 2, 2009 3:41am
Quoting wormboy
okay, here's the reason I asked.
pound will weaken..
  • #172,323
  • Oct 2, 2009 3:43am Oct 2, 2009 3:43am
Quoting nAVIN2007
pound will weaken..
But since the news release, GU has kept pushing upward hard.
  • #172,324
  • Oct 2, 2009 3:44am Oct 2, 2009 3:44am
Quoting wormboy
okay, here's the reason I asked.
yup...that's exactly the reason I need a double latte now...if that gap gets filled and price continues upward they're going for dis-action on the double-top...

How I'd rather start my weekend now....
Hear the music before the song is over ...
  • #172,325
  • Oct 2, 2009 3:48am Oct 2, 2009 3:48am
oh my.

this upwards has destroyed my profit. Back to BE. I should close it before i guess. >.<

Should we short this GU again around 1.520 ?
  • #172,326
  • Oct 2, 2009 3:48am Oct 2, 2009 3:48am
Quoting nAVIN2007
pound will weaken..
I reckon the same, but since it's nfp later ..it got me to look high & low for other things that I could've missed so that I could pull myself out of this trade lol
Found none yet tho
Thank You
  • #172,327
  • Oct 2, 2009 3:50am Oct 2, 2009 3:50am
Quoting GlobalMacro
yup...that's exactly the reason I need a double latte now...if that gap gets filled and price continues upward they're going for dis-action on the double-top...

How I'd rather start my weekend now....
don't jinx us lol
Thank You
  • #172,328
  • Oct 2, 2009 3:50am Oct 2, 2009 3:50am
Quoting Fng
But since the news release, GU has kept pushing upward hard.

it has to otherwise we gone go to parity.....if u knew gbp pound was gonna go down, based on performance last year, what would u do

i actually dont care where it goes, i entered the trade, it either goes where i want it to go or doesnt its to late for me to figure it..

u need to work on yur emotions man! and stop jumping off and on the bus otherwise u just feeding the market, my advise is blunt but its for your own good...u dont need to question where it going its in front of u...just open the eyes..
  • #172,329
  • Oct 2, 2009 3:51am Oct 2, 2009 3:51am
Quoting wormboy
I reckon the same, but since it's nfp later ..it got me to look high & low for other things that I could've missed so that I could pull myself out of this trade lol
Found none yet tho

where are your longs brother?
  • #172,330
  • Oct 2, 2009 3:53am Oct 2, 2009 3:53am
Quoting bbmac
This was the 1min bullish divergence based reversal set-up @ Dly S2 , also the top 1/2 of a previous 4hr swing lo=prev supp=pot supp zone..it was supported by a reversal set-up on 5min also ..a contra-trend opportunity but trend on 1hr is still down.

http://i36.tinypic.com/313lnk4.gif
Thanks BBmac,

I don't completely understand your charts or your indicators, having elected to learn trading with minimal indicators,but you have given me something very useful here.

My main focus is candlesticks with entries off the 15 min chart for short term trades. The 8.15 BST candle closed as a flat bottom outside the previous range. I still haven't figured out all the ways to trade a flat bottom/flat top candle, except that against resistance/support there is likely to be some form of short term reversal. I'm less sure about this kind of candle when it breaks the previous low.

Your info above took me to the one minute chart where I could clearly see a triple bottom had formed - a confirmation of entry.

So, now I can add 'switch to one minute chart to look for entry confirmation' the next time I see a candle close like this outside the range.

Looking at it now it would have been a good trade.

Thank you, Alison
  • #172,331
  • Oct 2, 2009 3:55am Oct 2, 2009 3:55am
Quoting wormboy
okay, here's the reason I asked.
Hi WB,

what chart was it that was posted?, I must be having a bad day and cannot fit it to anything I have.

Many thanks
  • #172,332
  • Oct 2, 2009 3:55am Oct 2, 2009 3:55am
Quoting wormboy
don't jinx us lol

bro...this nasty b**ch was jinxed ever since she was made...
Hear the music before the song is over ...
  • #172,333
  • Oct 2, 2009 3:56am Oct 2, 2009 3:56am
Quoting wormboy
don't jinx us lol
oh it jinx us already
  • #172,334
  • Oct 2, 2009 3:56am Oct 2, 2009 3:56am
Quoting nAVIN2007
it has to otherwise we gone go to parity.....if u knew gbp pound was gonna go down, based on performance last year, what would u do

i actually dont care where it goes, i entered the trade, it either goes where i want it to go or doesnt its to late for me to figure it..

u need to work on yur emotions man! and stop jumping off and on the bus otherwise u just feeding the market, my advise is blunt but its for your own good...u dont need to question where it going its in front of u...just open the eyes..
Thanks for the advice NAV, appreciate it very much. I do still need to learn a lot of things and i do look up at you guys.

God Bless You NAV.
  • #172,335
  • Oct 2, 2009 3:57am Oct 2, 2009 3:57am
Quoting nAVIN2007
where are your longs brother?
Longs? All cashed in already.
I am selling now bro
Thank You
  • #172,336
  • Oct 2, 2009 3:57am Oct 2, 2009 3:57am
salam hi all

we are we now south north west east or south east
  • #172,337
  • Oct 2, 2009 4:00am Oct 2, 2009 4:00am
Quoting kill
salam hi all

we are we now south north west east or south east

Why don't u decide for yourself?
  • #172,338
  • Oct 2, 2009 4:02am Oct 2, 2009 4:02am
Quoting qp2
Hi WB,

what chart was it that was posted?, I must be having a bad day and cannot fit it to anything I have.

Many thanks
hi qp,
it's the ftse
Thank You
  • #172,339
  • Oct 2, 2009 4:04am Oct 2, 2009 4:04am
Quoting GlobalMacro
bro...this nasty b**ch was jinxed ever since she was made...
lol
Thank You
  • #172,340
  • Oct 2, 2009 4:04am Oct 2, 2009 4:04am
Quoting noobfx
oh it jinx us already
rilek bai
Thank You
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