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Cable Update (GBPUSD)

  • #199,721
  • Feb 16, 2010 12:02am Feb 16, 2010 12:02am
Quoting caldera
the 2 posts are the same...

mind you if we remain below 1.57060, the upper trend line remains intact...

there's also news out at 9:30 so remains to be seen...
mind you I don't trade your charts lol
we're still buying dips unless subltl2b gives way.
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 68 KB
Thank You
  • #199,722
  • Feb 16, 2010 12:06am Feb 16, 2010 12:06am
Quoting wormboy
I don't suppose some of you shorting this low volume know where today's dp is?
Quoting wormboy
you could've nicked long off the dp my friend
No one answered when I asked I suppose they're selling blindfolded. Cool stuff when not trading large contracts lol
Anyway, good luck with your trades. We're still buying all the dips atm.

I bet those selling yesterday all got out at BE
Right Shad? lol jokers
Thank You
  • #199,723
  • Feb 16, 2010 12:10am Feb 16, 2010 12:10am
Price on the Cable has been in tight consolidation over the past 5 trading days. Still waiting for price to either trade higher and find possible selling pressure @ resistance @ 1.5830 or for price to trade lower and find possible buying pressure @ support @ 1.5372. Will continue to monitor price over Today and Tomorrow for a possible reaction at either of those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.jpg Size: 121 KB
  • #199,724
  • Feb 16, 2010 12:13am Feb 16, 2010 12:13am
Quoting Shad
I See 608 -612 low 4 Today.


I Set My Tp To 1.5582 !

The Reason As Below !

Attached Image(s) (click to enlarge)
Click to Enlarge Name: butterfly-pattern 1.gif Size: 28 KB
Click to Enlarge Name: GBPUSD, H1_20100216.gif Size: 23 KB
* Never Trust To Any Indicator *
  • #199,725
  • Edited 12:45am Feb 16, 2010 12:13am | Edited 12:45am
jokes aside, daily cable has a bullish divergence, only to be invalidated if price close below the steep ltl before 5750 level is taken imho.
Time will tell. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gud.JPG Size: 86 KB
Thank You
  • #199,726
  • Feb 16, 2010 12:21am Feb 16, 2010 12:21am
looks liked its bounced off your target 1

Quoting Shad
I Set My Tp To 1.5582 !

The Reason As Below !

  • #199,727
  • Feb 16, 2010 12:29am Feb 16, 2010 12:29am
Always late to the party, but I am not going long until I see a cross and hold of the 200EMA. Sure, I will take the quick takes for a few bones, but as we still have this as resistance and as long term charts still say bear country, I going to still watch and play this closer to the south until I see reason not to.

Chart posted below...Easy to read line of resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 200ema.JPG Size: 64 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #199,728
  • Feb 16, 2010 12:35am Feb 16, 2010 12:35am
The first chart is a gartley not a butterfly, and it doesn't seem to relate to anything...

Quoting Shad
I Set My Tp To 1.5582 !

The Reason As Below !

  • #199,729
  • Feb 16, 2010 12:39am Feb 16, 2010 12:39am
Quoting caldera
looks liked its bounced off your target 1
How Fool U R !

Target 1 Has Been Done Yesterday !

* Never Trust To Any Indicator *
  • #199,730
  • Feb 16, 2010 12:41am Feb 16, 2010 12:41am
Quoting skiffx
Which MAs/EMAs do you use in your analysis?
skiffx,

Here's the file.

Dr. D.

Attached File(s)
File Type: tpl rainbow ema 6-144.tpl   2 KB | 369 downloads
  • #199,731
  • Feb 16, 2010 12:43am Feb 16, 2010 12:43am
Quoting caldera
The first chart is a gartley not a butterfly, and it doesn't seem to relate to anything...

How Fool U R Again !

U Can't Even Recognize A Gartly & ButterFly , Crab Or Bat !


* Never Trust To Any Indicator *
  • #199,732
  • Feb 16, 2010 12:45am Feb 16, 2010 12:45am
what i'm saying is that the price should continue down without bouncing... should it not go directly from your target 1 to target 2.

my congratulations to you for identify the gartley and taking profit.


Quoting Shad
How Fool U R !

Target 1 Has Been Done Yesterday !

  • #199,733
  • Feb 16, 2010 12:49am Feb 16, 2010 12:49am
Quoting Shad
How Fool U R Again !

U Can't Even Recognize A Gartly & ButterFly , Crab Or Bat !


Shad GU is going up today. It's like an open secret now. Not me but technical are saying so. If you cant see so or don't have this much knowledge or If you have doubts or whatever, have patience and see it yourself by the end of today...

There is no 1.55XX in today's agenda
Don't tell me how much you can earn. Tell me how much you may lose..
  • #199,734
  • Feb 16, 2010 12:52am Feb 16, 2010 12:52am
Quoting EliteFX
Shad GU is going up today. It's like an open secret now. Not me but technical are saying so. If you cant see so or don't have this much knowledge or If you have doubts or whatever, have patience and see it yourself by the end of today...

There is no 1.55XX in today's agenda
Hold that thought, 4:30 is going to be interesting. Sell on news anyone?
  • #199,735
  • Feb 16, 2010 12:53am Feb 16, 2010 12:53am
This is a gartley, you've labeled your chart as a butterfly.

Quoting Shad
How Fool U R Again !

U Can't Even Recognize A Gartly & ButterFly , Crab Or Bat !


Attached Image (click to enlarge)
Click to Enlarge Name: bull_bear_gartley.gif Size: 14 KB
  • #199,736
  • Feb 16, 2010 12:54am Feb 16, 2010 12:54am
Quoting Kyen
Hold that thought, 4:30 is going to be interesting. Sell on news anyone?
Correct me once I'm proven wrong
Don't tell me how much you can earn. Tell me how much you may lose..
  • #199,737
  • Feb 16, 2010 12:57am Feb 16, 2010 12:57am
A long entry here from this 30m chart might be good once
it clearly breaks this utl... but a better entry would have
been earlier on the break from the compression pattern
from a lower tf on this 5m chart back around ~1.5675.

Gives it room to breath.

Dr. D.
Attached Images
  • #199,738
  • Feb 16, 2010 1:00am Feb 16, 2010 1:00am
Quoting caldera
This is a gartley, you've labeled your chart as a butterfly.


U R Wrong Again & Again ....

Even A Kid Knows It's A Clear *BUTTERFLY* !
Attached Image
* Never Trust To Any Indicator *
  • #199,739
  • Feb 16, 2010 1:06am Feb 16, 2010 1:06am
Think the steam may be running out, could top out around the 20 handle and push its way back down. Overbought ahead of news IMO, going to start stacking in some shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 125 KB
  • #199,740
  • Feb 16, 2010 1:08am Feb 16, 2010 1:08am
No volume and still going up, why?
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