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Cable Update (GBPUSD)

  • #225,501
  • May 11, 2010 2:02am May 11, 2010 2:02am
Quoting bbakker
Hoe gaat het met jou?

I don't see anything bullish on these two timeframes. Please let me know which bullish signal you see. Cheers matey!
m30 changed but h1 has a couple of hammers...
@pawpaw1000 on Twitter
  • #225,502
  • May 11, 2010 2:02am May 11, 2010 2:02am
No no no, we dont talk dutch here, always keep it real, speak afrikaans, its, hoe gaan dit met jou?
  • #225,503
  • May 11, 2010 2:03am May 11, 2010 2:03am
Quoting pawpaw1000
m30 and h1 looking bullish... What will LO bring?
All I see is a H&S pattern that is waiting to complete the distance by hitting L4

Attached Image (click to enlarge)
Click to Enlarge Name: 100511_gbpusd_m30_hs.png Size: 76 KB
  • #225,504
  • May 11, 2010 2:05am May 11, 2010 2:05am
yeah that big bulge definitely lookin like a big head...

Quoting bbakker
All I see is a H&S pattern that is waiting to complete the distance by hitting L4

Attachment
"The real genius is knowing when to stop." - Marc Faber
  • #225,505
  • May 11, 2010 2:06am May 11, 2010 2:06am
bbaker i think today we will have good downtrend ... but it's too early to tell

i think to open sell position at 1.4835
  • #225,506
  • May 11, 2010 2:10am May 11, 2010 2:10am
Quoting pawpaw1000
m30 changed but h1 has a couple of hammers...
If it has a shadow at the top, it is not considered to be a hammer, more of a spinning top. The candlestick from 4 hours ago has too large a body for my liking. m200 on m5 is current target @1.4847
  • #225,507
  • May 11, 2010 2:12am May 11, 2010 2:12am
hey bbaker what does the yellow line in the middle of your chart represent?

Quoting bbakker
All I see is a H&S pattern that is waiting to complete the distance by hitting L4

Attachment
"The real genius is knowing when to stop." - Marc Faber
  • #225,508
  • May 11, 2010 2:13am May 11, 2010 2:13am
Quoting hhitch
hey bbaker what does the yellow line in the middle of your chart represent?
My neckline!
  • #225,509
  • May 11, 2010 2:14am May 11, 2010 2:14am
oh!

Quoting bbakker
My neckline!
"The real genius is knowing when to stop." - Marc Faber
  • #225,510
  • May 11, 2010 2:18am May 11, 2010 2:18am
Quoting pawpaw1000
m30 and h1 looking bullish... What will LO bring?
Well spotted.
  • #225,511
  • May 11, 2010 2:20am May 11, 2010 2:20am
cable just stalld out at big time resistance anyone going to try and sell now?
  • #225,512
  • May 11, 2010 2:21am May 11, 2010 2:21am
ok i must add i trade 5min charts
  • #225,513
  • May 11, 2010 2:23am May 11, 2010 2:23am
good day for scalping.
  • #225,514
  • May 11, 2010 2:25am May 11, 2010 2:25am
Quoting CoffeeDrinke
cable just stalld out at big time resistance anyone going to try and sell now?


i sell from 1.4839 but i will open short again when try to break q1s1 in 1 min chart 1.48615 i think this will be the start of downtrend but let's see news coming ... too
  • #225,515
  • May 11, 2010 2:28am May 11, 2010 2:28am
thts not a scalpt lol
  • #225,516
  • May 11, 2010 2:32am May 11, 2010 2:32am
Quoting hhitch
oh!
and a crap one too! More like a shoulderline

22 pips while in the shower. With a cheeky short at the 200ma on m5. Now it has hit the 200ma on m1, I cashed in!
  • #225,517
  • May 11, 2010 2:42am May 11, 2010 2:42am
Quoting bbakker
and a crap one too! More like a shoulderline

22 pips while in the shower. With a cheeky short at the 200ma on m5. Now it has hit the 200ma on m1, I cashed in!
Right peeps... I am off to take my daughter to school and get to work. Enjoy your day's trading and hopefully I will make some more pips at work, the Voodoo Boodoo way. I still have my short open from last night, ready to cash in at L4. My initial target of 1.44 is too far for now.

I checked my neck line and it is a textbook neck line, so there you go. I did get the yellow line right
  • #225,518
  • May 11, 2010 2:43am May 11, 2010 2:43am
don't worry it's not unusual for price to re-test the neckline. anyway have a nice day

Quoting bbakker
Right peeps... I am off to take my daughter to school and get to work. Enjoy your day's trading and hopefully I will make some more pips at work, the Voodoo Boodoo way. I still have my short open from last night, ready to cash in at L4. My initial target of 1.44 is too far for now.

I checked my neck line and it is a textbook neck line, so there you go. I did get the yellow line right
"The real genius is knowing when to stop." - Marc Faber
  • #225,519
  • May 11, 2010 2:45am May 11, 2010 2:45am
Quoting hhitch
don't worry it's not unusual for price to re-test the neckline. anyway have a nice day
Good time to add but I didn't on this occassion! Have a great day too
  • #225,520
  • May 11, 2010 2:49am May 11, 2010 2:49am
thanks

Quoting bbakker
Good time to add but I didn't on this occassion! Have a great day too
"The real genius is knowing when to stop." - Marc Faber
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