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Cable Update (GBPUSD)

  • #198,341
  • Feb 5, 2010 11:40am Feb 5, 2010 11:40am
Quoting allserene
At last we have (HAD) totally spiffying trends we can play for more than a few nano seconds

Being Friday I will be closing my euro shorts soon - cable shorts closed already

The market does its thing and makes up reasons afterwards..

example :

Shareholder: Mr Broker, why have my shares gone down ?

Broker: The Russians have crossed the Bosphorus

Next day..

Shareholder: Mr Broker, my shares have gone up - did the Russians go back across the Bosphorus ?
Can always count on you to bring the ethereal into the equation.
Must be the light air in the NW... or just starring at the pines.

Dr. D.
  • #198,342
  • Feb 5, 2010 1:04pm Feb 5, 2010 1:04pm
Quoting JhonMonsalve
So far so good, we could see some retrace, but the target is the same

Attachment


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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #198,343
  • Feb 5, 2010 1:09pm Feb 5, 2010 1:09pm
gbp/usd

good trading http://www.forexfactory.com/showthre...80#post3437080
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  • #198,344
  • Feb 5, 2010 3:17pm Feb 5, 2010 3:17pm
Quoting Cultured
nothing between here and 1.5582 in terms of support candle wise.
And blew past that some....
The trend is not your friend, it's your master.
  • #198,345
  • Feb 5, 2010 5:47pm Feb 5, 2010 5:47pm
Dear All,
I will never ever trade what I expect again. I will trade what I see only. and only valid setups with a high probability. no matter how long I will wait to catch it.
The following Images are what I see in the charts.
read my comments on it.

Regards.
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  • #198,346
  • Feb 5, 2010 6:07pm Feb 5, 2010 6:07pm
Quoting allserene
At last we have (HAD) totally spiffying trends we can play for more than a few nano seconds

Being Friday I will be closing my euro shorts soon - cable shorts closed already

The market does its thing and makes up reasons afterwards..

example :

Shareholder: Mr Broker, why have my shares gone down ?

Broker: The Russians have crossed the Bosphorus


Next day..

Shareholder: Mr Broker, my shares have gone up - did the Russians go back across the Bosphorus ?
Quoting Magix
We might not be that far away....

Currently we sit @ just above the 1440EMA on the hourly...this happens to work out to be the 24SMA on the weekly, our support. The weekly MACD if we close red on the week head into the depths, which could mean we will be looking for a new basement, area I have support line drawn to, on the weekly chart.

Critical mass.
http://www.forexfactory.com/showpost...stcount=194344



Even a blind squirrel finds an acorn once in a while.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,347
  • Feb 5, 2010 6:11pm Feb 5, 2010 6:11pm
Quoting Baby-Trader
Dear All,
I will never ever trade what I expect again. I will trade what I see only. and only valid setups with a high probability. no matter how long I will wait to catch it.
The following Images are what I see in the charts.
read my comments on it.

Regards.
Nothing like contradicting yourself.

Posting forecasts and then only trading what you see....

Your charts are still as relevant as pictures of monkeys flinging shit. Draw some more lines, so in a week or so, you can come back and say, "See I told you so".

Funny how it has taken some 3 weeks for the prophets to come on board, even a lot of the newbs got this right.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,348
  • Feb 5, 2010 8:06pm Feb 5, 2010 8:06pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
timeth for some up... see you at 1.58
  • #198,349
  • Feb 5, 2010 8:36pm Feb 5, 2010 8:36pm
Quoting Baby-Trader
Dear All,
I will never ever trade what I expect again. I will trade what I see only. and only valid setups with a high probability. no matter how long I will wait to catch it.
The following Images are what I see in the charts.
read my comments on it.

Regards.
Hello BT, heard you went thru a tough week. Don't worry, we all go through weeks like this many times, no one escapes losing period.
I hope you had outlined your flaws this week in order for you to improve.
I would like to suggest you to get some reading materials from Tom Demark or Igor Toshchakov to improve on plotting your tl. Some of the ones drawn are still insignificant. Not meant as a degrading response in anyway, just trying to help since I see you are really trying to use trendlines to trade, might as well get it right from the right people. And might I suggest you to this thread where you can discuss probable trade setups once you've read through Igor's book :
1. http://www.forexfactory.com/showthread.php?t=21887

There are some good technical traders at that thread that utilise tl & fibs at a much higher level who can help you through your learning process. There's no one in the interactive cable thread who can help you in that respect imho.
Good luck BT & have a good weekend.
Thank You
  • #198,350
  • Feb 5, 2010 11:50pm Feb 5, 2010 11:50pm
Quoting wian corp
gbp/usd

good trading http://www.forexfactory.com/showthre...80#post3437080
fascinating chart. I haven't yet seen anything like it. Does this suggest a channel for next week? where did you learn to how to do that?
  • #198,351
  • Feb 6, 2010 5:33am Feb 6, 2010 5:33am
H4 charts all majors: last 2 candles: engulfing pattern up
eurusd, gu up,usdchf down, usdjpy from the beginning didn,t trust nfp news and down: american friday
  • #198,352
  • Feb 6, 2010 5:56am Feb 6, 2010 5:56am
Quoting zeep
fascinating chart. I haven't yet seen anything like it. Does this suggest a channel for next week? where did you learn to how to do that?
It's called an andrew's pitchfork. All it does is help predict the channels of support and resistance in a market that is trending. Real easy one to learn how to do.
  • #198,353
  • Feb 6, 2010 9:31am Feb 6, 2010 9:31am
Quoting Magix
Nothing like contradicting yourself.

Posting forecasts and then only trading what you see....

Your charts are still as relevant as pictures of monkeys flinging shit. Draw some more lines, so in a week or so, you can come back and say, "See I told you so".

Funny how it has taken some 3 weeks for the prophets to come on board, even a lot of the newbs got this right.
I'll not debate with you.

see my prediction for this large fall to 1.55 and more. starting from 19 dec 2009.

Anyway this is my last post on this thread.


19 Dec 2009
http://www.forexfactory.com/showthre...96#post3317896


14 Jan 2009
http://www.forexfactory.com/showthre...94#post3366994

15 Jan 2009
http://www.forexfactory.com/showthre...63#post3370563


15 Jan 2009
http://www.forexfactory.com/showthre...10#post3371110

17 Jan 2009
http://www.forexfactory.com/showthre...33#post3372633

20 Jan 2009
http://www.forexfactory.com/showthre...93#post3382193

27 Jan 2009
http://www.forexfactory.com/showthre...70#post3407570

28 Jan 2009
http://www.forexfactory.com/showthre...58#post3409858

29 Jan 2009
http://www.forexfactory.com/showthre...31#post3411531

29 Jan 2009
http://www.forexfactory.com/showthre...98#post3411898

30 Jan 2009
http://www.forexfactory.com/showthre...99926&page=277

31 Jan 2009
http://www.forexfactory.com/showthre...99926&page=279
  • #198,354
  • Feb 6, 2010 9:35am Feb 6, 2010 9:35am
Quoting wormboy
Hello BT, heard you went thru a tough week. Don't worry, we all go through weeks like this many times, no one escapes losing period.
I hope you had outlined your flaws this week in order for you to improve.
I would like to suggest you to get some reading materials from Tom Demark or Igor Toshchakov to improve on plotting your tl. Some of the ones drawn are still insignificant. Not meant as a degrading response in anyway, just trying to help since I see you are really trying to use trendlines to trade, might as well get it right from the right...

Thanks my friend
I really appreciate your advice and if I have a friend like you I will be
like you in one day.

Regards
  • #198,355
  • Feb 6, 2010 12:14pm Feb 6, 2010 12:14pm
a crab harmonic pattern along with a possible divergence with MACD indicator in daily time frame may cause the cable to go up for a while.
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  • #198,356
  • Feb 6, 2010 3:58pm Feb 6, 2010 3:58pm
The 2 lower window indicators are MACDs. Notice how far below the ZERO line the are.
The 5 minute is the 1st TF that the top MACD is above the ZERO.

Daily
4 Hour
1 Hour

We might see a retrace. We will have to wait & see.
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #198,357
  • Feb 6, 2010 9:35pm Feb 6, 2010 9:35pm


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Patience + Discipline =
  • #198,358
  • Feb 6, 2010 11:42pm Feb 6, 2010 11:42pm
hai....
master ctic.....could we see retercment this weak?....or gu will go lower....can plz post your prediction?....newbie here
Revesal Trader
  • #198,359
  • Feb 7, 2010 1:22am Feb 7, 2010 1:22am
Hi all,am looking for an indicator that can draw s/r,pivot points and fibonacci levels automatically.Please assist.
I once saw one but i cant remember where.Assistance highly appreciated in advance.Thanks
  • #198,360
  • Edited 2:17am Feb 7, 2010 2:00am | Edited 2:17am
Hey,

I have a pivot indicator I have not tested yet. For MT4 I will email it to you if you like.but you do need to do some work for the other things you are requesting.



ALSO. To the above post, good question! Will we see retrace or will cable go lower?

My opinion is we may see a pop up on gap for tomorrow. (YET don't count on anything inFX. However, trend on fibre and cable are bearish this may continue to new lows with fibre in the 32s and cable to 5500?? After breaking 5750 su[pprt.

There was a bit of retracement towards Friday close.

I ALWAYS watch DOW & more importantly GOLD while trading and sometimes slap on a trade XAU/USD if the setup and my system allows me to.
These are great FREE indicators for USD strength, plus the DXY which has many flaws. GOLD has far less

Quoting mwafrika
Hi all,am looking for an indicator that can draw s/r,pivot points and fibonacci levels automatically.Please assist.
I once saw one but i cant remember where.Assistance highly appreciated in advance.Thanks
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