Do you have a chart to look at?
Hammers on 15M and 1H LOL
seeing my chart and the fibo, i'm not going to open any position for now.. gonna wait till it hits either 1.5743 (resistance) or 1.5529 (support) and see if either one breaks..
Cable Update (GBPUSD)
seeing my chart and the fibo, i'm not going to open any position for now.. gonna wait till it hits either 1.5743 (resistance) or 1.5529 (support) and see if either one breaks..
- #200,502
- Feb 18, 2010 7:40am Feb 18, 2010 7:40am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #200,504
- Feb 18, 2010 7:42am Feb 18, 2010 7:42am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
there's bullish butterfly (although i'm not sure my butterfly is a right one) and looks like the price still halfway to it's high..hmm..
i'm waiting for the cross of MA 4 and MA 8 then i'll buy again..
Right idea tho
Thank You
- #200,507
- Feb 18, 2010 7:58am Feb 18, 2010 7:58am
It's a bullish bat. Don't think you have point c in the proximity of 38.2%
Right idea tho
that's why i choose to wait for the MA cross triple top and GU fall apart, in my D1 chart now there are already four candle tried to break 1.5544 and the fourth candle is forming a hammer
.....there's still possibility it will reach 1.59 or maybe 1.60... let me analyze it...............................................................................................i feel dizzy
- #200,508
- Feb 18, 2010 7:59am Feb 18, 2010 7:59am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Magix, you attempting the 200ema retest? Textbook bullflag on the m5
Carefull of the 200EMA on the 15m, was the stopping ground on the last catipult, you can see how EJ did the same. With EG favoring longs, GBP should play stronger shorts than longs, and EUR should play favor to the bulls.
Just what I sees.
Should be a little market worthy of play when I return.
Hammer it hard brother, you got extra mouths to feed!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #200,510
- Feb 18, 2010 8:08am Feb 18, 2010 8:08am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
you mean my butterfly is wrong?
triple top and GU fall apart, in my D1 chart now there are already four candle tried to break 1.5544 and the fourth candle is forming a hammer
there's still possibility it will reach 1.59 or maybe 1.60... let me analyze it...............................................................................................i feel dizzy
I will be the number one Manager.
- #200,512
- Feb 18, 2010 8:15am Feb 18, 2010 8:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
you mean my butterfly is wrong?
Thank You
- #200,513
- Feb 18, 2010 8:16am Feb 18, 2010 8:16am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
Sadly just on my way out of the house, but agree with you there wormie, classic bull flag.
Carefull of the 200EMA on the 15m, was the stopping ground on the last catipult, you can see how EJ did the same. With EG favoring longs, GBP should play stronger shorts than longs, and EUR should play favor to the bulls.
Just what I sees.
Should be a little market worthy of play when I return.
Hammer it hard brother, you got extra mouths to feed!
you two...,? ehem.., are you guys already make 'affair' behind us?...,like doing something...,ehem..ehemm...you know..., i thought wormy already has awife......... hihihihi.....,kidding guys...,nice to see you too... 
I will be the number one Manager.
- #200,516
- Feb 18, 2010 8:19am Feb 18, 2010 8:19am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Sadly just on my way out of the house, but agree with you there wormie, classic bull flag.
Carefull of the 200EMA on the 15m, was the stopping ground on the last catipult, you can see how EJ did the same. With EG favoring longs, GBP should play stronger shorts than longs, and EUR should play favor to the bulls.
Just what I sees.
Should be a little market worthy of play when I return.
Hammer it hard brother, you got extra mouths to feed!
Btw, I thought it was the m5 200ema, didn't realise you use the m15.
Okay have a good one!
Thank You
what a "phew" week......
- #200,519
- Feb 18, 2010 8:24am Feb 18, 2010 8:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #200,520
- Feb 18, 2010 8:37am Feb 18, 2010 8:37am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
how about your analysis
Earlier entry:
1. http://www.forexfactory.com/showpost...postcount=4825
Tbh, ltf are already screaming short but I'm still a bit biased towards long, interesting to see if the current H4 will close anything like a morning star for me to justify my position. Time will tell on that one, I still have about 86 minutes for the bar to complete & since I'm already sitting on a bit of profit I'm not too bothered to change my position just yet.
Here's another reason why I'm still reluctant to short cable bigtime yet:
1. http://www.forexfactory.com/showpost...postcount=4835
That H4 on DX is still a longshot but all upmove were being absorbed, thus leaving me in quite a predicament building short positions on cable too early.
Thank You