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Cable Update (GBPUSD)

  • #213,261
  • Apr 6, 2010 4:44am Apr 6, 2010 4:44am
Quoting Honored
Yes. Me too. There is a possibility of one more up move to 1.5300 area before the downfall. I missed the train today so i am flat for right now...
I am flat too, but I didn't miss the train. I was ran over by the train
Thank You
  • #213,262
  • Apr 6, 2010 4:44am Apr 6, 2010 4:44am
BB good heart a good trader sorry for the loss

for all longs
Attached Image
  • #213,263
  • Apr 6, 2010 4:48am Apr 6, 2010 4:48am
GB confirmed election on 06 May.
  • #213,264
  • Apr 6, 2010 4:50am Apr 6, 2010 4:50am
Quoting cloggie
GB confirmed election on 06 May.
then god help the queen
  • #213,265
  • Apr 6, 2010 4:51am Apr 6, 2010 4:51am
Quoting Ctic
Exactly bbakker. Do the homework, make your own decisions. I am not saying that I am right all the time, because I am not. But, I do give my thoughts and back up with a chart. I like to look at others thoughts and either back up my thinking or possibly see if they saw something I missed, in which case I go back and re analyze. But to be so arrogant, with no charts just spouting out IT MUST GO HERE.... IT MUST... what does that add to the forum. Just gets Newbies to think he knows what they are talking about I guess.


As Bob sung -

"'Half of the people can be part right all of the time,
Some of the people can be alright part of the time.
But all the people can't be alright all the time.
'I think Abraham Lincoln said that.
'I'll let you be in my dreams if I can be in yours,
'I said that."

"There are those who wish to do more harm than good because of their own failures, then there are others who wish to do more good than harm because of their own successes." Now, I said that!
  • #213,266
  • Apr 6, 2010 4:51am Apr 6, 2010 4:51am
Quoting javapips
i'm surprise you have time to do this C....,
why not teach me Fibo, that much more usefull...
I didn't really. Fibs are very effective especially when used w/ MA's, inside bars, and candlestick formations. On the first page or so of my thread I explain how I do the fibs. If you want me to post here I can.
  • #213,267
  • Apr 6, 2010 4:51am Apr 6, 2010 4:51am
Quoting Ctic
Exactly bbakker. Do the homework, make your own decisions. I am not saying that I am right all the time, because I am not. But, I do give my thoughts and back up with a chart. I like to look at others thoughts and either back up my thinking or possibly see if they saw something I missed, in which case I go back and re analyze. But to be so arrogant, with no charts just spouting out IT MUST GO HERE.... IT MUST... what does that add to the forum. Just gets Newbies to think he knows what they are talking about I guess.

Hear, hear, lots of here put in serious time and effort posting well thought out reasoning with charts to back it up. People with posts that show no research and thought just end up on my iggy list.

Now where is that weekly outlook I put up on Sunday....
  • #213,268
  • Apr 6, 2010 4:52am Apr 6, 2010 4:52am
Quoting kill56
then god help the queen

Yup, she is running the country now. Maybe she will repeal the new 50% tax rate.
  • #213,269
  • Apr 6, 2010 4:53am Apr 6, 2010 4:53am
Quoting wormboy
I am flat too, but I didn't miss the train. I was ran over by the train
Quality!

It is better owning up to a mistake, then it is trying to hide it, because you will be found out in the long run.

I'm full of (sh)it today!
  • #213,270
  • Apr 6, 2010 4:54am Apr 6, 2010 4:54am
Quoting Ctic
I didn't really. Fibs are very effective especially when used w/ MA's, inside bars, and candlestick formations. On the first page or so of my thread I explain how I do the fibs. If you want me to post here I can.
could you please explain a bit about the settings and the rules ?
  • #213,271
  • Apr 6, 2010 5:00am Apr 6, 2010 5:00am
Quoting Ctic
I didn't really. Fibs are very effective especially when used w/ MA's, inside bars, and candlestick formations. On the first page or so of my thread I explain how I do the fibs. If you want me to post here I can.
Here you go. Should end day or at least hit and retrace 161.8 on this 1H chart. Which is also 200SMA. Right now we are hung up on the 4H 38.2 fib also the 200SMA. The 161.8 fib also happens to be the 55SMA on 4H. Funny how everything lines up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 16 KB
Click to Enlarge Name: 4 hour.gif Size: 15 KB
  • #213,272
  • Apr 6, 2010 5:02am Apr 6, 2010 5:02am
Quoting Ctic
Here you go. Should end day or at least hit and retrace 161.8 on this 1H chart. Which is also 200SMA. Right now we are hung up on the 4H 38.2 fib also the 200SMA. The 161.8 fib also happens to be the 55SMA on 4H. Funny how everything lines up.

Better chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 13 KB
  • #213,273
  • Apr 6, 2010 5:04am Apr 6, 2010 5:04am
Quoting wormboy
I am flat too, but I didn't miss the train. I was ran over by the train
Well, I guess that is one way to catch it..
  • #213,274
  • Apr 6, 2010 5:06am Apr 6, 2010 5:06am
Quoting bbakker
Quality!

It is better owning up to a mistake, then it is trying to hide it, because you will be found out in the long run.

I'm full of (sh)it today!
lol .. what's there to hide, nothing to gain. when you're right, you're right, when you're wrong, you're wrong.
I was very wrong today in assuming price would just consolidate before lo & spent my time in bed

how's your trading today?
Thank You
  • #213,275
  • Apr 6, 2010 5:08am Apr 6, 2010 5:08am
Cloggie,
your H4 has closed below the 25sma, but what about the reversal of your curved channel on H4 to realign with the daily ? is that also done ? i dont get that.

your targets 1.5106, 1.5047 and 1.4964 are imminent now
  • #213,276
  • Apr 6, 2010 5:09am Apr 6, 2010 5:09am
Quoting cloggie
Yeah, I took a long on that one, looking for completion of the DB, got stopped out. Made up for it this morning, starting the week in profit.
Please remind what DB stands for.

Fibre is not really shifting but I am hanging on in there. Needs to break the low of 31/03 @13384 for it to continue south, so I might take my profit and run. I will give it a little bit more time to at least have a stab at it.
  • #213,277
  • Apr 6, 2010 5:11am Apr 6, 2010 5:11am
Quoting bbakker
Please remind what DB stands for.

Sorry Double Bottom
  • #213,278
  • Apr 6, 2010 5:11am Apr 6, 2010 5:11am
wise man its holding
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 20 KB
  • #213,279
  • Apr 6, 2010 5:15am Apr 6, 2010 5:15am
Quoting wormboy
lol .. what's there to hide, nothing to gain. when you're right, you're right, when you're wrong, you're wrong.
I was very wrong today in assuming price would just consolidate before lo & spent my time in bed

how's your trading today?
You are about as transparent as they get

Quoting bbakker
Opened short @15230, SL @15270, TP @15110

GL
I also got a little short in fibre today @13423.5, I will take 50% profit @13385, if it gets there
  • #213,280
  • Apr 6, 2010 5:16am Apr 6, 2010 5:16am
Quoting cloggie
Sorry Double Bottom
Cheers matey!
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