Thx wormie,
Comments taken on board and will be heeded.
Comments taken on board and will be heeded.
Cable Update (GBPUSD)
- #217,464
- Apr 14, 2010 11:17am Apr 14, 2010 11:17am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
This is my take on EG, look at daily, we are actually retrace to 50 fibo, now 4hr tells me that there are confluence of fibo at 0.8840. Unless the price can closed above it, then EG will move up. Take note of the inverted boob pattern, if the price breaks the neckline, I don't think EG will move up
No disrepect but this trade is a day trade so the daily on EG is of no immediate concern here and the H1 on EG shows me quite nicely that the Ltl is holding on the 3rd test since yesterday am. On the same token the weekly cable is bullish so now you expect 5485 to give based on that?
Ah well, I am happy with my short and expect 5485 to hold for now.
- #217,465
- Apr 14, 2010 11:18am Apr 14, 2010 11:18am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thx wormie,
Comments taken on board and will be heeded.
You're welcome. Good luck
Thank You
- #217,466
- Apr 14, 2010 11:19am Apr 14, 2010 11:19am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
i am testing this on m5 and m15 it seems fine still more testing in the way 
- #217,467
- Apr 14, 2010 11:21am Apr 14, 2010 11:21am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
This is my take on EG, look at daily, we are actually retrace to 50 fibo, now 4hr tells me that there are confluence of fibo at 0.8840. Unless the price can closed above it, then EG will move up. Take note of the inverted boob pattern
Think I just saw a swinging tea bag pattern...
Freddy Mercury would be good at this...
- #217,469
- Apr 14, 2010 11:24am Apr 14, 2010 11:24am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
5466 was it. But we're doing okay
You just saw that new high ..
I try my best to hide my trader screen and IG pants charts, but I am sure he knows!
- #217,471
- Apr 14, 2010 11:25am Apr 14, 2010 11:25am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
remember warren buffet
when the market gets greedy i get nervous
when the market gets nervous i get greedy
The market is greedy right now....
My City Group shares (stocks) are just plain scary greedy
Trying a short now with s/l at 5495
My favorite cable counter pair USDCAD has hit weekly support. Should see a little action from this line. IMO we are very close to just a flat out balls to the wall turn n burn on markets.
As I play off the shorter TF's, I will be cautiously playing everything.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #217,476
- Apr 14, 2010 11:34am Apr 14, 2010 11:34am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
R2, now that I have seen your chart. Not easy without my MT4 at work. Need to sort it out, but I am wary of my boss because he does look at my laptop screen everytime he walks by!
I try my best to hide my trader screen and IG pants charts, but I am sure he knows!
Thank You
- #217,478
- Apr 14, 2010 11:37am Apr 14, 2010 11:37am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
kill.. hope you were in.. and get many greens.. am I wright ?!
- #217,479
- Apr 14, 2010 11:38am Apr 14, 2010 11:38am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
He's one very, very good day trader I found here. He normally at auslanco's thread. Perhaps, you can get some of his insights for daytrade. I can't, because I am a swing/position trader.
I'm just laughing as cloggs isnt exactly a newbie mate...
@pawpaw1000 on Twitter
- #217,480
- Apr 14, 2010 11:45am Apr 14, 2010 11:45am
- Joined May 2009 | Status: Trader | 4,895 Posts
I'm just laughing as cloggs isnt exactly a newbie mate...