Cable Update (GBPUSD)

The less cluttered look.

This is a USDCAD chart. For those who have taken time to read what I write, you might understand the significance of this.

5m Chart, Confirmed long, Topside target(5m chart to confirm 15m target, 200ema on 15 is 600 on 5, yellow dotted line), and a fancy Cam Short line same spot.

A few reminders on the side. (Yellow Box)

IF and WHEN UC hits this line and sees resistance, you know where I will be hitting heavy.

This is only one of the multiple time frames, one small piece of the puzzle.

New Voodoo.

The range still holding on.. the break out will be massive.. creating enough higher lows. uptrend still holding with this PA.

did anyone see the bullish flag on the dixie? gbp is going down baby

gu loves 78.6 ..... 1,5450 hits that and we see weakness wave 2 is done

using fib ext we can project 1.5100 or lower as next move.

voodoo boodoo

To answer your previous post...

RE: Workshops.

Back in my stock days, I used to assist and teach charting via a live web streaming chat site. Working with traders during non stock hours was a lot easier and given the daily break and short market hours, it was easy to find time and eager others.

More recently, I talked to the old friend who used to house these chats, and had him set up a FOREX chat on the same site, posted the link on my MTF thread and maintained a presence there for some time. This was just prior to Christmas of last year. When numbers were in the hundreds in the forum, there were typically less then a fist full of chatters. Given the different trade sessions, multiple different pairs, time always an issue, I have committed my efforts on a more personal basis, via pm and working with a great core of like minded traders.

If you read through enough threads on FF, you will find all of the same things applied to a chart. For the Voodoo Boodoo, they are just put together in the easiest way a fella like me can understand them. The words you will see and read the most are, the trend is your friend and follow Price Action, this is what I see and how I see it.

No more, No less.

The best and only system in the world to use?
It is for me...that's all I know.

Can you see a H&S pattern on 4 hourly forming?

Thanks Magix. I am definitely doing my best to work through the knowledge you've provided, and to request a workshop would certainly be way above and beyond the call of duty of which you have already generously contributed. I'm sure I can get whatever I need just working with you and others here on the forum. I like the new look of the template. I definitely think we're onto something here something that can let someone take money out of the markets a lot more easily and regularly, once mastered. thanks so much.

Good day room.
Anybody see the EURUSD daily as being bullish one?

Testing the back of 4 hr UTL now.


Jim

Hi there Jim
Do you trade the Euro?

Hi, I see the Euro extremely bearish in regard to macd div, etc, however one might almost be able to make out a triple bottom or mutated inverse head and shoulders. hard to trust, though, since Euro news is so bad these days.

also seems as if there might be a reverse head and shoulders shaping up on the USDJPY H1. perhaps a long EURJPY trade might work out.... maybe.

big day for $ today, Cable might go down to 1.53240

hmmm.... cable might do anything at any time. what makes you say it's a big day for the dollar? I sort of see a head and shoulders top forming on it myself... pic attached

and we might have seen the high for cable for today already

oh you mean because of that silly "new money" they trotted out todaY?

man, is anyone awake in here? been half an hour and no posts, lol!

the sound of one hand clapping

darnn.... u are so flat!!!!

lol!

hmmm that's funny cuz it just printed a new high...