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Cable Update (GBPUSD)

  • #230,581
  • Jun 8, 2010 12:32pm Jun 8, 2010 12:32pm
Quoting hhitch
I tend to stay in one direction... hence the surprise of the sudden reversal!

dow and es bro
  • #230,582
  • Jun 8, 2010 12:33pm Jun 8, 2010 12:33pm
don't you think maybe that was a head fake in order to get a better price to short from?
"The real genius is knowing when to stop." - Marc Faber
  • #230,583
  • Jun 8, 2010 12:34pm Jun 8, 2010 12:34pm
believe me brother, I was watching them! I think I might have dozed off for a second...

Quoting kill56
dow and es bro
"The real genius is knowing when to stop." - Marc Faber
  • #230,584
  • Jun 8, 2010 12:45pm Jun 8, 2010 12:45pm
first thing I noticed was that eu didn't want to go below 1.1920 and gu didn't want to go below 1.4360, it was a very distinctive read. Then, I looked up and noticed the USDCHF doing this incredible 125 pip spike in real time. I checked the dollar index and there was no correlation with the spike! Then, eu and gu reversed quickly and the dollar index tanked completely. Dow shot up like a shot of viagra. eu hit 1.2008 but quickly sank back 50 pips. gu is still deciding whether to go back down. I didn't lose any trades but I did get whipsawed pretty bad because I wasn't paying attention right away, something like asleep at the wheel
"The real genius is knowing when to stop." - Marc Faber
  • #230,585
  • Jun 8, 2010 12:53pm Jun 8, 2010 12:53pm
Quoting hhitch
first thing I noticed was that eu didn't want to go below 1.1920 and gu didn't want to go below 1.4360, it was a very distinctive read. Then, I looked up and noticed the USDCHF doing this incredible 125 pip spike in real time. I checked the dollar index and there was no correlation with the spike! Then, eu and gu reversed quickly and the dollar index tanked completely. Dow shot up like a shot of viagra. eu hit 1.2008 but quickly sank back 50 pips. gu is still deciding whether to go back down. I didn't lose any trades but I did get whipsawed pretty...
bro in crackforex u have to be fast hit to kill any spike up or down hit it itchy fingers are great in this cazy market
  • #230,586
  • Jun 8, 2010 12:53pm Jun 8, 2010 12:53pm
you got that right!!!

Quoting kill56
bro in crackforex u have to be fast hit to kill any spike up or down hit it itchy fingers are great in this cazy market
"The real genius is knowing when to stop." - Marc Faber
  • #230,587
  • Jun 8, 2010 12:56pm Jun 8, 2010 12:56pm
Twice rejected from the L2 and staying below the L3 (1.4418)
and the weekly open (~1.4414) and last weeks low (1.4413)
and a WL2 (1.4408) could send this to the third rejection in
the area WL3 (1.4375) and L4 (1.4369) and then be the making
of a neat inverted H/S.

Dr. D.
Attached Image
  • #230,588
  • Jun 8, 2010 1:05pm Jun 8, 2010 1:05pm
Quoting Nene
I feel I owe you a little more explanation. Keep in mind I have ADHD ole buddy and that means you have to read in between the lines sometime. If you look at my trend indicator and the Down Trend line and see how close they are running. This is an indicator to me that it will act like a magnet. Not saying we won't break the UTL and continue on down, but in my expierience with this indy tells me that the closer the price stays in proximity to the 89 and longer the price stays in proximity to the 89,...
Um....

UTL=Upper Trend Line....

So, if the UTL is broken, that would mean that we have broken through resistance, in which case, price would not be heading down, it would be heading up.....

ADHD???

Maybe dyslexia??

Monitor upside down??

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,589
  • Jun 8, 2010 1:11pm Jun 8, 2010 1:11pm
Quoting Nene
I feel I owe you a little more explanation. Keep in mind I have ADHD ole buddy and that means you have to read in between the lines sometime. If you look at my trend indicator and the Down Trend line and see how close they are running. This is an indicator to me that it will act like a magnet. Not saying we won't break the UTL and continue on down, but in my expierience with this indy tells me that the closer the price stays in proximity to the 89 and longer the price stays in proximity to the 89, the more probability it will cross and reverse....
okay jim thanks.
I honestly can't comment on the setup you mentioned that utilizes the ma as I do not use them & I don't know a great deal about how they react. But just to share, as far as trading the "in-betweens", I'd say you'll have a much higher success rate trading those if you'd lower down the tf. As you can see from the attached m5 below, price had obeyed almost all the level rules ie break & retest. A whole lot more could be made from the lower tf if it's the in betweens you're after.
Btw, keep an eye on yesterday's low, price is currently retesting it, failure will take cable back to 4340 level.

Good luck!
Attached Image (click to enlarge)
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Thank You
  • #230,590
  • Jun 8, 2010 1:11pm Jun 8, 2010 1:11pm
Quoting trade price
here you go, got the first target.
Attachment
Nice analysis....

Great work!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,591
  • Jun 8, 2010 1:13pm Jun 8, 2010 1:13pm
wise man ahe u are talking about we are going uff the ema 200 holding in m1 and will not let go
  • #230,592
  • Jun 8, 2010 1:17pm Jun 8, 2010 1:17pm
i love the way these cam's work
Attached Image (click to enlarge)
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  • #230,593
  • Jun 8, 2010 1:18pm Jun 8, 2010 1:18pm
Quoting kill56
wise man ahe u are talking about we are going uff the ema 200 holding in m1 and will not let go
I wasn't saying that I agreed with him...in fact, look carefully at the bold letters...

All I was trying to do was to explain what the Upper Trend Line was and that he seems to think that by breaking an upper trend line price would go down...

Again, confusion created by his statement for anybody who hasn't already got him on an ignore list.

Heres what I see Killer...

Price spike to M5 200, and rejected. Another attack of this line and we could see a little more off the top, but will continue to assume the sell side of things until there is good reason not to.

Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,594
  • Jun 8, 2010 1:20pm Jun 8, 2010 1:20pm
Quoting trade price
here you go, got the first target.
Attachment
nice and clean accurate bro
  • #230,595
  • Jun 8, 2010 1:23pm Jun 8, 2010 1:23pm
this is on the LFB's website today... don't know if you respect them or not, my feelings are mixed, but they do provide some good information sometimes:

Tuesday trade resembles a yo-yo with a rubber ball attached. Stay clear of the short side of Eur and the long side of Chf in the near-term; a major player is at work on those two currencies.
"The real genius is knowing when to stop." - Marc Faber
  • #230,596
  • Jun 8, 2010 1:36pm Jun 8, 2010 1:36pm
Quoting hhitch
this is on the LFB's website today... don't know if you respect them or not, my feelings are mixed, but they do provide some good information sometimes:

Tuesday trade resembles a yo-yo with a rubber ball attached. Stay clear of the short side of Eur and the long side of Chf in the near-term; a major player is at work on those two currencies.
bro foooooook them i dont care what any body says i will trade my chart i will ride the yo yo and suck all the blood i can

i think eu will play the range here 12100- 11600 unless we see some improvment in the stock market
  • #230,597
  • Jun 8, 2010 1:38pm Jun 8, 2010 1:38pm
agreed. I think they're right though, someone was playing games...

Quoting kill56
bro foooooook them i dont care what any body says i will trade my chart i will ride the yo yo and suck all the blood i can

i think eu will play the range here 12100- 11600 unless we see some improvment in the stock market
"The real genius is knowing when to stop." - Marc Faber
  • #230,598
  • Jun 8, 2010 1:43pm Jun 8, 2010 1:43pm
Quoting hhitch
agreed. I think they're right though, someone was playing games...
true bro

the big azz's do play the game big accounts buy low sell high i hope one day will be able to do it

lets see what they will do in the last hour
  • #230,599
  • Jun 8, 2010 2:01pm Jun 8, 2010 2:01pm
today the es did come close to 1040 the low was 1041.25 a break of 1040 i think will take us to 980 i do believe we will see 980 its a matter of time any thoughts
  • #230,600
  • Jun 8, 2010 2:53pm Jun 8, 2010 2:53pm
Sherpa 5m.

No new low, might be viewed as an inverted head and shoulders. No new low on second attempt to cross the 200ema on 5m, If we close above here, target 200EMA on M15.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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