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Cable Update (GBPUSD)

  • #219,041
  • Apr 18, 2010 11:35pm Apr 18, 2010 11:35pm
Quoting malcolmb14
leaving pips behind again !!! lol

the 4 hour support is 1.5136
as usual mal

we are close to bottom already, look to long not sell into buying
  • #219,042
  • Apr 18, 2010 11:39pm Apr 18, 2010 11:39pm
Quoting forexlion
as usual mal

we are close to bottom already, look to long not sell into buying
I think good time to pull the trigger to go long.
  • #219,043
  • Apr 18, 2010 11:44pm Apr 18, 2010 11:44pm
Quoting hamedizad
pattern crab

GBP,USD h1
Ok. you gave me lobster craving. But what is a pattern crab? Bullish or Bearish?
  • #219,044
  • Apr 18, 2010 11:47pm Apr 18, 2010 11:47pm
Quoting hamedizad
pattern crab

GBP,USD h1

very nice. found it :

http://www.harmonictrader.com/price_patternscrab.htm
  • #219,045
  • Apr 18, 2010 11:52pm Apr 18, 2010 11:52pm
Quoting pivotrader
Ok. you gave me lobster craving. But what is a pattern crab? Bullish or Bearish?
Well ther are alot of patterns crabs, flags, pennants penis etc. And trade what you see lol.
Here is my experience, during the low volume the big guys may drop the price below support, innitiating alot of sells creating false break out, thus the big guys may buy the currency alot cheaper driving GBP higher. Sells from bellow support will be hitting their SLs and creating more rallies. I'm not saying this will happen, this is just an example during low volume.
  • #219,046
  • Apr 18, 2010 11:56pm Apr 18, 2010 11:56pm
Quoting pivotrader
very nice. found it :

http://www.harmonictrader.com/price_patternscrab.htm
If you play this pattern better know that 1,618 expansion (D point) of the ABC is at 1.5220.... so this is not complete yet.... no signal.
1.27 was at 1.5280 and been zoom whitout hesitation.

Then target will be 38.2 to 78.6 correction of last drop....

Blabla, and bla!

-----------------

Any of you see an Island reversal including last 2 week end gaps.... this subject way lower low... as 1.4650/45..?!?
"Fly Kite Fly!"
  • #219,047
  • Apr 19, 2010 12:00am Apr 19, 2010 12:00am
Quoting Togu
Well ther are alot of patterns crabs, flags, pennants penis etc. And trade what you see lol.
Here is my experience, during the low volume the big guys may drop the price below support, innitiating alot of sells creating false break out, thus the big guys may buy the currency alot cheaper driving GBP higher. Sells from bellow support will be hitting their SLs and creating more rallies. I'm not saying this will happen, this is just an example during low volume.
pennants penis.. I know what way that usually goes. up then down. always the same range
  • #219,048
  • Apr 19, 2010 12:11am Apr 19, 2010 12:11am
things were pacing up earlier, but have slowed down again since about 2 hours now...guess we need to wait for the EU open
  • #219,049
  • Apr 19, 2010 12:17am Apr 19, 2010 12:17am
Quoting xPrav
things were pacing up earlier, but have slowed down again since about 2 hours now...guess we need to wait for the EU open
Do you by any means see any news worth moving the markets here ??? http://www.forexfactory.com/ if not then just consider this as an extended weekend and relax
  • #219,050
  • Apr 19, 2010 12:20am Apr 19, 2010 12:20am
Quoting forexlion
Do you by any means see any news worth moving the markets here ??? http://www.forexfactory.com/ if not then just consider this as an extended weekend and relax
i belive that the goldman's effect should be seen today when EU/UK opens later, dispite of no news day (almost)
  • #219,051
  • Apr 19, 2010 12:20am Apr 19, 2010 12:20am
hi
http://www.quitcryin.com/images/xabcd-gbp-100419.01.gif
Quoting Zulu
If you play this pattern better know that 1,618 expansion (D point) of the ABC is at 1.5220.... so this is not complete yet.... no signal.
1.27 was at 1.5280 and been zoom whitout hesitation.

Then target will be 38.2 to 78.6 correction of last drop....

Blabla, and bla!

-----------------

Any of you see an Island reversal including last 2 week end gaps.... this subject way lower low... as 1.4650/45..?!?
"The real genius is knowing when to stop." - Marc Faber
  • #219,052
  • Apr 19, 2010 12:25am Apr 19, 2010 12:25am
Quoting hhitch
hi
http://www.quitcryin.com/images/xabcd-gbp-100419.01.gif
Hi hhitch!

yes exactly, this is daily.
On 4h we have a crab for now.
Target 1.5220, and we have a Zero line at 1.5213

Daily suggest 1,5170 for now...

Nice pics!
"Fly Kite Fly!"
  • #219,053
  • Apr 19, 2010 12:45am Apr 19, 2010 12:45am
Quoting wormboy
yeh .. nobody ever loses
  • #219,054
  • Apr 19, 2010 12:47am Apr 19, 2010 12:47am
Quoting forexlion
people on this thread change sides faster than you can blink your eyes

never believe a single post here, even if it comes from so called expert traders.
You're not wrong there! Even worse is when they post utter rubbish!
  • #219,055
  • Apr 19, 2010 12:51am Apr 19, 2010 12:51am
Hello GU traders. Hope you all got the slide. Now, I am positioning for a long to close the gap. Risky trade, though target is a magnet for price.
  • #219,056
  • Apr 19, 2010 12:56am Apr 19, 2010 12:56am
i'm in...,
target very high..

see you tomorrow...
I will be the number one Manager.
  • #219,057
  • Apr 19, 2010 1:27am Apr 19, 2010 1:27am
long 5245
  • #219,058
  • Apr 19, 2010 1:28am Apr 19, 2010 1:28am
Quoting free4440273
long 5245
i am waiting for another dip till 220
  • #219,059
  • Apr 19, 2010 1:30am Apr 19, 2010 1:30am
did you delete your last post lion? why? afraid your comment will make you embarrassed? i could be wrong, you could be wrong, every one here could be wrong, so no need to do that..
I will be the number one Manager.
  • #219,060
  • Apr 19, 2010 1:32am Apr 19, 2010 1:32am
All i know is I am glad I got out of most of my longs on Friday. But still long biased, that hasn't changed and I lost a bit on my carry, but that is the game we are playing. I don't consider this a disaster, I consider it a bargain, because I will add to my longs once again. If you draw an UTL off these 2 bottoms from 3/25 - 3/26 they will give you a nice confluence of a 4 hr UTL and the 38.2 Fib level off the Daily move up from 3/25. And that is where we are at right now.

Jim
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