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Cable Update (GBPUSD)

  • #203,861
  • Mar 6, 2010 12:01am Mar 6, 2010 12:01am
Quoting Ctic
Digger, your up late...market closed you know..lol. Like I am one to talk
ha ha , well slow time of year for me (winding down tho) and I am addicted to trading , my normal trading time here so I am up lol,
  • #203,862
  • Mar 6, 2010 12:03am Mar 6, 2010 12:03am
Quoting digger1
ha ha , well slow time of year for me (winding down tho) and I am addicted to trading , my normal trading time here so I am up lol,
same here i wish there were 7day trading weeks.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #203,863
  • Mar 6, 2010 12:04am Mar 6, 2010 12:04am
The weekly candle printed a bullish dragonfly doji. This is a good bullish reversal candle. Next week's candle should give conformation, but for now I still hold the bullish view with a T1 of 1.54. I still have my longs in that I posted earlier with my SL's set for 4975, move up 5 pips each. Time will tell. Just my thoughts.
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  • #203,864
  • Mar 6, 2010 12:06am Mar 6, 2010 12:06am
Quoting Ctic
The weekly candle printed a bullish dragonfly doji. This is a good bullish reversal candle. Next week's candle should give conformation, but for now I still hold the bullish view with a T1 of 1.54. I still have my longs in that I posted earlier with my SL's set for 4975, move up 5 pips each. Time will tell. Just my thoughts.
More expanded view chart
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  • #203,865
  • Mar 6, 2010 12:08am Mar 6, 2010 12:08am
Quoting digger1
ha ha , well slow time of year for me (winding down tho) and I am addicted to trading , my normal trading time here so I am up lol,
I know what you mean. I was up just finishing up my taxes, when I closed the program without saving. I said crap...screw it, lets look at the charts (not exactly those words) Now I have to redo what I did tonight and tonight was the pain work, schedule D capital gains and losses.. So decided to look at the charts and do some analysis for the next week.
  • #203,866
  • Mar 6, 2010 12:09am Mar 6, 2010 12:09am
Quoting england33
same here i wish there were 7day trading weeks.
Maybe 6.. need one day for my hair to grow back... LOL
  • #203,867
  • Mar 6, 2010 12:12am Mar 6, 2010 12:12am
Quoting Ctic
The weekly candle printed a bullish dragonfly doji. This is a good bullish reversal candle. Next week's candle should give conformation, but for now I still hold the bullish view with a T1 of 1.54. I still have my longs in that I posted earlier with my SL's set for 4975, move up 5 pips each. Time will tell. Just my thoughts.
I agree there should be some more upside , I get my new pivot levels when the market opens lol, Thought I would show you how I use the fib retracements I have used amongst other things just so you dont think I am a complete idiot on fibs , this is what I meant when I said I used them on smaller ranges to get targets above and below , I dont know if this is the proper way but it has worked well for me , the 618 level in purple was pretty close for an upside tgt most of the week and it worked well for a few shorts from that area (1.5132)
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  • #203,868
  • Mar 6, 2010 12:17am Mar 6, 2010 12:17am
Quoting digger1
I agree there should be some more upside , I get my new pivot levels when the market opens lol, Thought I would show you how I use the fib retracements I have used amongst other things just so you dont think I am a complete idiot on fibs , this is what I meant when I said I used them on smaller ranges to get targets above and below , I dont know if this is the proper way but it has worked well for me , the 618 level in purple was pretty close for an upside tgt most of the week and it worked well for a few shorts from that area (1.5132) Attachment ...
Digger,

Like I have always said, if it isn't broken don't fix it. Regardless if you are using them correctly or not, if you are still turning profit and are accurate with your trading, no need to fix it. Once you start turning losses and analysis isn't working anymore, time to stop, step back, and rethink things.
  • #203,869
  • Mar 6, 2010 1:24am Mar 6, 2010 1:24am
Ctic , this here is what I was looking at on the upside as long as we dont end up with another 2 week bear flag like the last one
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  • #203,870
  • Mar 6, 2010 1:41am Mar 6, 2010 1:41am
Quoting digger1
Ctic , this here is what I was looking at on the upside as long as we dont end up with another 2 week bear flag like the last one Attachment
Agreed, I see the bear flag but I still think there is more upside than downside in the short term. It will be an uphill battle though I think.

If you look at my other method I mentioned here.. I think the Chicago Bears will have a winning season now that they are signing Julius Peppers, Chester Taylor, and Manumalena. Thus the Chicago Bears win, the G/U bears lose. Sorry all, I had to throw that in since I am excited about it.
  • #203,871
  • Mar 6, 2010 1:57am Mar 6, 2010 1:57am
Quoting Ctic
Agreed, I see the bear flag but I still think there is more upside than downside in the short term. It will be an uphill battle though I think.

If you look at my other method I mentioned here.. I think the Chicago Bears will have a winning season now that they are signing Julius Peppers, Chester Taylor, and Manumalena. Thus the Chicago Bears win, the G/U bears lose. Sorry all, I had to throw that in since I am excited about it.
As with every year i have to say go loins ha ha ha and then the excitement is dead after the 1st game , weekly view definitly fits in with what you are saying , end of the month end of the quarter and as with the weekly or daily open there is usually a flurrey of activity and a solid effort to get back to the open area , the proverbial line in the sand , I am not expecting that as of yet but then my 618 level looked impossible to the down side for quite some time ha ha
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  • #203,872
  • Mar 6, 2010 2:02am Mar 6, 2010 2:02am
Quoting digger1
As with every year i have to say go loins ha ha ha and then the excitement is dead after the 1st game , weekly view definitly fits in with what you are saying , end of the month end of the quarter and as with the weekly or daily open there is usually a flurrey of activity and a solid effort to get back to the open area , the proverbial line in the sand , I am not expecting that as of yet but then my 618 level looked impossible to the down side for quite some time ha ha Attachment
Right on spot I think Digger. Since we are at the end of the quarter we have the timing part of the equation kicking in now. Do I think quarter open... no not as of yet. But for now I do think 1.54 -1.56 and I will reanalyze once (if) we get there. Like you said something may look impossible but then again this is Forex...anything is possible. If the Greece issue is settled and US takes a dump, who knows. The Dollar index was heavily rejected at the major resistance point so who knows.
  • #203,873
  • Mar 6, 2010 2:06am Mar 6, 2010 2:06am
Quoting digger1
sorry ctic didnt think I had the weekly chart in the last post so chaged it and we got flip flopped lol
No big deal, it's fixed. A little copy here, a delete there, a paste her, and waalaa..a Post there.. lol.

As for the Lions...Well, at least you have a $100 million quarterback with no proven track record and got injured more than a paper man in a sizzors testing facility.

I feel trading the forex is a lot like when I lived in Chicago...

GO BEARS..ah the Bears suck....GO BULLS...Woo hoo we won...BEARS SEASON AGAIN...GO BEARS...WHAT IT'S 1985 WOO HOO WE WON....GO BULLS...WHAT JORDAN RETIRED...BULLS SUCK...GO BEARS...

LOL.
  • #203,874
  • Mar 6, 2010 2:11am Mar 6, 2010 2:11am
Quoting Ctic
No big deal, it's fixed. A little copy here, a delete there, a paste her, and waalaa..a Post there.. lol.

As for the Lions...Well, at least you have a $100 million quarterback with no proven track record and got injured more than a paper man in a sizzors testing facility.

I feel trading the forex is a lot like when I lived in Chicago...

GO BEARS..ah the Bears suck....GO BULLS...Woo hoo we won...BEARS SEASON AGAIN...GO BEARS...WHAT IT'S 1985 WOO HOO WE WON....GO BULLS...WHAT JORDAN RETIRED...BULLS SUCK...GO BEARS...

LOL.
lol, well the red wings were all rite for a while but I think they hung out with the loins too much so all I got left is to look at charts on the week-end so my family dont start telling me I provide things too much like the lions produce wins
  • #203,875
  • Mar 6, 2010 2:14am Mar 6, 2010 2:14am
Quoting fendi
I can hear people in this FORUM complaining, what are they complaining about??? hahahahahhaaaa some actually thought they know fx, well bitter truth. All in profit............I said it in some hours some would start complaining i should have seen it i shouldnt have seen it, hey it takes only due deligent trader's to be able to tell trend even before they appear. Now my target for 1.60-1.62 would confirm next week watch it allllllllllllllllllllllllll


I need a holiday once target been hit..............
Are you one of the people complaining?? Looks like your holiday will have to wait a bit. Haven't really seen you in here since you made this BS assessment and took a few noobs down with you....
  • #203,876
  • Mar 6, 2010 2:18am Mar 6, 2010 2:18am
Quoting digger1
lol, well the red wings were all rite for a while but I think they hung out with the loins too much so all I got left is to look at charts on the week-end so my family dont start telling me I provide things too much like the lions produce wins
Hey look at it from the bright side..The Lions basically blew out their account so they could only go up from there. Of course now that they won 2 games last year they could go back down. Unless they get lucky I think they will have at least 6 losses next year

2 vs Bears
2 vs Vikings
2 vs Green Bay

We need charts for football seasons lol.
  • #203,877
  • Mar 6, 2010 2:23am Mar 6, 2010 2:23am
Quoting Ctic
Hey look at it from the bright side..The Lions basically blew out their account so they could only go up from there. Of course now that they won 2 games last year they could go back down. Unless they get lucky I think they will have at least 6 losses next year

2 vs Bears
2 vs Vikings
2 vs Green Bay

We need charts for football seasons lol.
ha ha yes well they are talking about about trading movie shares why not football , why should vegas have all the fun lol I would already be heavily short the loins ha ha
  • #203,878
  • Mar 6, 2010 2:25am Mar 6, 2010 2:25am
CTIC, do you use volume spread analysis to trade forex?
  • #203,879
  • Mar 6, 2010 2:30am Mar 6, 2010 2:30am
Quoting kingfisher
CTIC, do you use volume spread analysis to trade forex?
Funny you should mention that. I usually stick to my methods which incorporates everthing into it but no I have not used VSA for trading the forex. But, like I said funny you should mention that, I was speaking to Malcomb14 about VSA earlier and he gave me the link to the thread that explains it. It is quite interesting. I am not to familiar with it as of yet...still studying it. I know volume is important in stock trading so could be applicable here too.
  • #203,880
  • Mar 6, 2010 2:41am Mar 6, 2010 2:41am
Quoting Ctic
Are you one of the people complaining?? Looks like your holiday will have to wait a bit. Haven't really seen you in here since you made this BS assessment and took a few noobs down with you....
ah, missed it by that much
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