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Cable Update (GBPUSD)

  • #217,521
  • Apr 14, 2010 1:59pm Apr 14, 2010 1:59pm
Quoting USD-Bear
The longer we stay around resistance the more short-stops we are gathering a little above resistance the more likely it becomes we will see a break this evening.
eg all new shorts (and you should expect some at resistance) are absorbed without hardly any pricemovements.
Holding my long with increasing confidence....
great point good info
  • #217,522
  • Apr 14, 2010 2:00pm Apr 14, 2010 2:00pm
Man gpb/usd is screaming buy buy buy everywhere you see it .. it's so easy to tell she is going up ...
  • #217,523
  • Apr 14, 2010 2:06pm Apr 14, 2010 2:06pm
Hmmm...

That will really suck for my shorts
Hoping for 5450 and then she can do what ever she wants...
  • #217,524
  • Apr 14, 2010 2:14pm Apr 14, 2010 2:14pm
Quoting kill56
great point good info
Your are welcome, it even can be seen on a micro level.
If you have a price-bar on M5 and price stays on top/bottom of the bar for more then 15 seconds, chances are around 80% it breaks that top/bottom.
Handy for micro-scalpers (not me)
Don't be a hero. Don't have an ego. Always question yourself
  • #217,525
  • Apr 14, 2010 2:17pm Apr 14, 2010 2:17pm
Quoting MarkH
Hi Jeff,

Yes, going good. A little nerve racking though, I was in a $3,400.00 draw down the other night but ended up well on this set of trades. Elliot Wave now saying we're headed down to 1.48'ish area. You agree?

Sounds like your trades are going well too! And good to hear from you!
The ending of this Wave V was a little unusual... Had trouble counting til it fully formed...
I'm not with all my charts atm... I was thinging about how the grid would have performed last week in wave IV?? Probably more DD though- best to just take those days off...
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  • #217,526
  • Edited 3:56pm Apr 14, 2010 2:52pm | Edited 3:56pm
Quoting kill56
1BB one more
Cheers Buddy!

I am looking at the higher TF and I have a longer-term target of 1.376, so it might come down but I believe it is well supported around 1.355.

Time will tell!
  • #217,527
  • Apr 14, 2010 2:58pm Apr 14, 2010 2:58pm
Considering this afternoon's spat, I found this excellent post that should serve you all as a reminder, as I am not the only one who thinks like this! Remember my earlier words when I first joined this forum. WHEAT and CHAFF!

Here is the original link to this post -
http://www.forexfactory.com/showthre...72#post3569772

Here is the summary for you lazy people -

Amusing how public forums and public washrooms are privy to the same smells, both coming from similar types of crap.

When somebody who has several vouches beside their name posts junk charts and forecasts, that leave little room for "What else might happen". This can inevitably cause confusion with new traders.

Fortunately, this was posted on another thread...one where you are required to have credentials to post lunacy. Go figure.

Words of caution.

Carefully select who you would follow in your trading, as you would who you would follow into a restroom. This is a public place, and looks can be very deceiving.

Especially newbies and lurkers of this thread. YOU HAVE BEEN WARNED!
  • #217,528
  • Apr 14, 2010 3:04pm Apr 14, 2010 3:04pm
Anyone concerned that we are forming a double top here? The 2H seems to be heading in that direction. Im on the sidelines right now, but i cant decide how i want to play this. Heres my problem.

My 15, 30, and 60 M TF all seem to show continued upside strength, but the 2H i mentioned is starting to make me concerned that this 5480-90 Res we are hitting may push it to the downside.

Daily still looks Bullish to me.

What i want to do is Buy on the next retracement down around the 5450-55 area.

Does this seem reasonable?
  • #217,529
  • Apr 14, 2010 3:07pm Apr 14, 2010 3:07pm
Quoting pawpaw1000
on fibre I have channel top reached for the second time on h4... Down or break here...
Nice analysis Pawpaw. Personally, I think it will break, but time will tell. I won't be sitting on my short on cable for very long that is for sure! I'm looking at that 1.378 line of yours. How did you get this line? Where cable goes, fibre will follow!
  • #217,530
  • Apr 14, 2010 3:13pm Apr 14, 2010 3:13pm
Quoting bbakker
Considering this afternoon's spat, I found this excellent post that should serve you all as a reminder, as I am not the only one who thinks like this! Remember my earlier words when I first joined this forum. WHEAT and CHAFF!

Here is the original link to this post -
http://www.forexfactory.com/showthre...72#post3569772

Here is the summary for you lazy people -

Amusing how public forums and public washrooms are privy to the same smells, both coming from similar types of crap.

When somebody who has several...
MAN u dont leave u son out but its great to have ppl like u in this great thread u do u homework and u work hard to learn and let the others learn its not about good call or bad call its all about caring teaching who cares if u have +10v or -10v we are here to help and get help we are here to give a lot of ppl here needs help keep it up bro
  • #217,531
  • Apr 14, 2010 3:23pm Apr 14, 2010 3:23pm
Quoting bbakker
Nice analysis Pawpaw. Personally, I think it will break, but time will tell. I won't be sitting on my short on cable for very long that is for sure! I'm looking at that 1.378 line of yours. How did you get this line? Where cable goes, fibre will follow!
It is a important s/r on my ASS chart like cloggie taught me...

Well, I'm glad you like it mate, I'm kinda discouraged but know I must stick to it.

Lets hope I can use this analysis to the best of my ability and make GREEN PIPS!!!

If I can catch the turn, not saying it will come soon, I can make alot of green pips with decent mm and rr...
@pawpaw1000 on Twitter
  • #217,532
  • Apr 14, 2010 3:30pm Apr 14, 2010 3:30pm
Quoting kill56
MAN u dont leave u son out but its great to have ppl like u in this great thread u do u homework and u work hard to learn and let the others learn its not about good call or bad call its all about caring teaching who cares if u have +10v or -10v we are here to help and get help we are here to give a lot of ppl here needs help keep it up bro

Fully agree bbaker and kill - also I think people should be careful who they vouch for !
Nil Desperandum Illegitimi Carborundum
  • #217,533
  • Apr 14, 2010 3:34pm Apr 14, 2010 3:34pm
what is all this about???
@pawpaw1000 on Twitter
  • #217,534
  • Apr 14, 2010 3:35pm Apr 14, 2010 3:35pm
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  • #217,535
  • Apr 14, 2010 3:37pm Apr 14, 2010 3:37pm
Quoting pawpaw1000
It is a important s/r on my ASS chart like cloggie taught me...

Well, I'm glad you like it mate, I'm kinda discouraged but know I must stick to it.

Lets hope I can use this analysis to the best of my ability and make GREEN PIPS!!!

If I can catch the turn, not saying it will come soon, I can make alot of green pips with decent mm and rr...
bro this is the only way we learn keep it coming
  • #217,536
  • Apr 14, 2010 3:53pm Apr 14, 2010 3:53pm
Quoting kill56
MAN u dont leave u son out but its great to have ppl like u in this great thread u do u homework and u work hard to learn and let the others learn its not about good call or bad call its all about caring teaching who cares if u have +10v or -10v we are here to help and get help we are here to give a lot of ppl here needs help keep it up bro
Exactly bro! We all make good calls and bad calls, no one is infallible. Like you say bro we are here to learn from each other, care for each other, and teach each other to reinforce our own learning.

Unfortunately, as in life, there are selfish people who try to lead others astray for their own distasteful pleasure.

There are many newbies and lurkers who don't even post, that come to this thread. Some who blindly take calls that others make, others who are willing to learn but are easily blinded because of the vouch system this forum has. It is unfortunately a system that in theory should work well, but in reality it can lead people into a false sense of security with some senior posters.

Don't get me wrong, during quiet times, I like to have a laugh and have a joke or two, although I try to avoid doing so at other people's expense if possible, but there are sometimes occasions when it warrants it. You give as good as you get and vice versa, but I will be the first to look in the mirror and make fun of myself.

P.S. Closed my teenie weenie tiny short and opened a nice new long!

Good luck people!
  • #217,537
  • Apr 14, 2010 3:56pm Apr 14, 2010 3:56pm
Quoting bbakker
Exactly bro! We all make good calls and bad calls, no one is infallible. Like you say bro we are here to learn from each other, care for each other, and teach each other to reinforce our own learning.

Unfortunately, as in life, there are selfish people who try to lead others astray for their own distasteful pleasure.

There are many newbies and lurkers who don't even post, that come to this thread. Some who blindly take calls that others make, others who are willing to learn but are easily blinded because of the vouch system this forum has. It...

for long pos...
what your entry sir?
tp and sl?
Revesal Trader
  • #217,538
  • Apr 14, 2010 4:06pm Apr 14, 2010 4:06pm
1BB
i did too
but no longs for now the dixy is holding above 80. and if it dos not break below eur and cable are heading south
in the other hand a break of 15480 and an h1 open above then we are going north
  • #217,539
  • Apr 14, 2010 4:09pm Apr 14, 2010 4:09pm
Quoting pawpaw1000
what is all this about???
Some of the sh1t that some senior people post on this forum misleading newbies and lurkers. They think it is funny but it is amazing how many people actually fall for it. Go back through today's posts, especially this morning which is a classical example of how a supposed joke about Forex trading signals which to the untrained eye looks plausible but is actually complete and utter BS. They did come clean and put their hand up stating that the link, which I didn't check, and as they know most people are too lazy or can't be bothered to check, supposedly showed them that this was actually a joke. Still people fell for it hook, line and sinker and started asking serious questions about the trading signal before they owned up. This kind of stuff we can do without and it happens too often on here for my liking.
  • #217,540
  • Apr 14, 2010 4:10pm Apr 14, 2010 4:10pm
Quoting kill56
1BB
i did too
but no longs for now the dixy is holding above 80. and if it dos not break below eur and cable are heading south
in the other hand a break of 15480 and an h1 open above then we are going north
I keep forgetting my dixy! I must put dixy on my forehead as a reminder!
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