I feel like it's correction time now. unless it isn't 
"The real genius is knowing when to stop." - Marc Faber
Cable Update (GBPUSD)
- #230,362
- Jun 8, 2010 1:55am Jun 8, 2010 1:55am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Verily, in every difficulties there is relief
- #230,363
- Jun 8, 2010 2:11am Jun 8, 2010 2:11am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #230,364
- Jun 8, 2010 2:17am Jun 8, 2010 2:17am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #230,367
- Jun 8, 2010 2:27am Jun 8, 2010 2:27am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
im waiting for 1.4520 false break
will find another top if such thing exist
Verily, in every difficulties there is relief
- #230,369
- Jun 8, 2010 2:33am Jun 8, 2010 2:33am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #230,372
- Jun 8, 2010 2:44am Jun 8, 2010 2:44am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
My H4 just opened I picked my broker for my charting so that the H4 corresponds with the London open.
(Pacific time zone)Dr. D.
- #230,373
- Jun 8, 2010 2:47am Jun 8, 2010 2:47am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Good point cloggie. Mine closes when I get sleepy.
Dr. D.
- #230,374
- Jun 8, 2010 2:53am Jun 8, 2010 2:53am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
i went long at 1.4468, s/l 1.4383, t/p 1.4671. not looking good at the moment could be a fake out. good luck to all
That is not a bad call in the grand scheme of things, H4 is still consolidating and 4562 is still in play here before a move South, just expect it to be an arduous corkscrew up. I do think that 4671 is bit overconfident though, we are still in a downtrend and a 200 pip move is a bit farfetched. I take it one step at a time, or at least one resistance at a time. We like originality and bold moves here, no guts, no glory.
- #230,376
- Jun 8, 2010 2:59am Jun 8, 2010 2:59am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
It is a point that most traders don't realise, your datafeed must match your trading plan, especially concerning the daily bar and the H4 bar. My daily opens at London Midnight.
In this international audience we should ban all
discussions dealing with any tf above 1H.
I've got daily charts that open with the asian
session and cam's that open with the NY close.
Dr. D.
- #230,378
- Jun 8, 2010 3:00am Jun 8, 2010 3:00am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
In this international audience we should ban all
discussions dealing with any tf above 1H.
I've got daily charts that open with the asian
session and cam's that open with the NY close.
Dr. D.
All my charting is lined up for the London open, and London midnight.
- #230,380
- Jun 8, 2010 3:05am Jun 8, 2010 3:05am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
That is not a bad call in the grand scheme of things, H4 is still consolidating and 4562 is still in play here before a move South, just expect it to be an arduous corkscrew up. I do think that 4671 is bit overconfident though, we are still in a downtrend and a 200 pip move is a bit farfetched. I take it one step at a time, or at least one resistance at a time. We like originality and bold moves here, no guts, no glory.
A little beginner trader since 2006