its time to scalp long if you like scalping guys
I SEE YOU !!
Cable Update (GBPUSD)
- #210,181
- Mar 25, 2010 10:57am Mar 25, 2010 10:57am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
I SEE YOU !!
- #210,182
- Mar 25, 2010 10:57am Mar 25, 2010 10:57am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
The drop also broke the bottom line of this wedge!
Just thought of pointing that out.
Good luck with your trades!
Thank You 
- #210,183
- Mar 25, 2010 10:59am Mar 25, 2010 10:59am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
we collect tomorrow bro. 4600 would be nice
Thank You
- #210,185
- Mar 25, 2010 11:01am Mar 25, 2010 11:01am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
That's not a proper wedge bro. Falling wedge is a bullish reversal pattern.
Just thought of pointing that out.
Good luck with your trades!
- #210,186
- Mar 25, 2010 11:02am Mar 25, 2010 11:02am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #210,188
- Mar 25, 2010 11:04am Mar 25, 2010 11:04am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I got it off Autochartist and their software says Falling Wedge. Just saying what the software says, but thanks for pointing it out. I have more research!
Have a good one.
Regards
Thank You
lol
we collect tomorrow bro. 4600 would be nice
if 4600 would be nice for you (and me for that matter), what is your target? I was just wondering because I still have one of my shorts open targetting 14775. Right now this little mini retrace has me scratching my head.
- #210,191
- Mar 25, 2010 11:05am Mar 25, 2010 11:05am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
lol
we collect tomorrow bro. 4600 would be nice
- #210,192
- Mar 25, 2010 11:08am Mar 25, 2010 11:08am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
far from it.
Look at the D1. Major ltl on the W1 is also being heavily tested. No signals of pulling back yet. If anything, current pa suggest cable sliding further in the coming days.
but my talk is on the 15min chart
that's why i said its time to scalp long.
check this out
this was a screen shot earlier on my tradefib to the pip achived
I SEE YOU !!
- #210,193
- Mar 25, 2010 11:26am Mar 25, 2010 11:26am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
if 4600 would be nice for you (and me for that matter), what is your target? I was just wondering because I still have one of my shorts open targetting 14775. Right now this little mini retrace has me scratching my head.
But, if the D1 close anywhere below 4880 or lower, I am targetting 4353.
D1 bearflag posted earlier:
1. http://www.forexfactory.com/showpost...stcount=210178
Attached below is the W1. Since it's friday tomorrow and we have price looking very bearish today, I won't be buying unless there's a 300 pip uturn by tomorrow.
Thank You
- #210,194
- Mar 25, 2010 11:26am Mar 25, 2010 11:26am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #210,195
- Mar 25, 2010 11:27am Mar 25, 2010 11:27am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #210,196
- Mar 25, 2010 11:29am Mar 25, 2010 11:29am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #210,197
- Edited 11:34am Mar 25, 2010 11:30am | Edited 11:34am
- | Joined Mar 2010 | Status: Trader | 414 Posts
just stating it would be nice to close 300 pips before the weekend @4600
But, if the D1 close anywhere below 4880 or lower, I am targetting 4353.
D1 bearflag posted earlier:
1. http://www.forexfactory.com/showpost...stcount=210178
Attached below is the W1. Since it's friday tomorrow and we have price looking very bearish today, I won't be buying unless there's a 300 pip uturn by tomorrow.
Edit: anyone think this little resitance stall has to do with the latest news?
- #210,198
- Mar 25, 2010 11:31am Mar 25, 2010 11:31am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #210,199
- Mar 25, 2010 11:33am Mar 25, 2010 11:33am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Hey wormie, actionforex.com agrees with you!
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.4803; (P) 1.4925; (R1) 1.4986; More
At this point, intraday bias in GBP/USD remains on the downside with 1.5111 minor resistance intact and further fall should be seen to 1.4783 low first. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break of 1.4783 will confirm that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5111 minor resistance will delay the bearish case again and bring more sideway consolidations above 1.4783 first before down trend resumption.
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.4803; (P) 1.4925; (R1) 1.4986; More
At this point, intraday bias in GBP/USD remains on the downside with 1.5111 minor resistance intact and further fall should be seen to 1.4783 low first. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break of 1.4783 will confirm that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5111 minor resistance will delay the bearish case again and bring more sideway consolidations above 1.4783 first before down trend resumption.
@pawpaw1000 on Twitter
- #210,200
- Mar 25, 2010 11:34am Mar 25, 2010 11:34am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
You guys remember that W1 pinbar from 3 weeks back many were so upbeat about?
Remember what yours truly said?
I hate to say it but .......
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Remember what yours truly said?
The weekly pin was 400 pip wide & topped dead on 50% retrace on the...
This single weekly candle will get so many screwed faster than one can spell M-A-N-I-P-U-L-A-T-I-O-N
I hate to say it but .......
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Thank You