Yes, the Actual IS so much like the last chart you posted...
1. Your last chart...
2. Current
Verily, in every difficulties there is relief
Cable Update (GBPUSD)
- #231,021
- Jun 10, 2010 8:31am Jun 10, 2010 8:31am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
- #231,022
- Jun 10, 2010 8:36am Jun 10, 2010 8:36am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
and today movement is as i told you earlier strike through 700... but i only ride it half way lol
Just woke up, and well, don't believe I really missed out on anything.
We are 16 pips from HOD to the H4 200EMA...30 mins to London Close...
Should prolly get there, be interesting to see if we got enough steam to hold...
GJ following right along but short of its H4 200 by a long shot. Maybe the carry up will give Cable the power to continue in its upward trend. Maybe weakness will make GJ wait until Fridays London to close the same door....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #231,025
- Jun 10, 2010 8:41am Jun 10, 2010 8:41am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
This kinda movement wasn't doing much for me, cashed in my last few to the green about 4 hours ago and went for a nappy.
Just woke up, and well, don't believe I really missed out on anything.
We are 16 pips from HOD to the H4 200EMA...30 mins to London Close...
Should prolly get there, be interesting to see if we got enough steam to hold...
GJ following right along but short of its H4 200 by a long shot....
Verily, in every difficulties there is relief
- #231,026
- Jun 10, 2010 8:46am Jun 10, 2010 8:46am
hi baruch,
yea the rising three. Sure they work, I posted them earlier before they moved!
1. http://www.forexfactory.com/showpost...stcount=231007
2. http://www.forexfactory.com/showpost...stcount=231011
Problem is most people don't know basic candlestick. Best pay attention & know your candles buddy, they're a lot more powerful than most indicators because each of those formation represents current price action. They just have some exotic names to spook people out lol.
Have a good one!
but im new and i have a lot to learn, thanks for the tip!
- #231,028
- Jun 10, 2010 8:50am Jun 10, 2010 8:50am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #231,029
- Jun 10, 2010 8:51am Jun 10, 2010 8:51am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
yeah.. or probably gonna prematurely drop coz t0o many trader set limit on 200EMA
See them, play them...
We have no new low on the chart, there is still a very real possibility that we just keep on going.
The movement just seems a little weird...but I guess I will just follow the money, it doesn't lie.
Meh...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #231,030
- Jun 10, 2010 8:54am Jun 10, 2010 8:54am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
yep, 467 is also the 76.4% fe from the last swing hi @4767 on june the 2nd. Sure seems like a good place to cash in ( i personally did ) & get in again from lower.
Wouldn't recommend shorting even if it looks like a good area to do so because of the earlier breakout. Unless of course those shorts are for the odd 10-15 pips scalps.
Good luck.
Verily, in every difficulties there is relief
- #231,031
- Jun 10, 2010 8:58am Jun 10, 2010 8:58am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #231,032
- Jun 10, 2010 9:00am Jun 10, 2010 9:00am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Who am I to argue with the lines?
See them, play them...
We have no new low on the chart, there is still a very real possibility that we just keep on going.
The movement just seems a little weird...but I guess I will just follow the money, it doesn't lie.
Meh...
Verily, in every difficulties there is relief
- #231,034
- Jun 10, 2010 9:04am Jun 10, 2010 9:04am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
yeah dont follow contrarian coz we are the trend stopper...
Was just speaking my mind since willo asked for thoughts. I take those counter trades just as much myself, just this time I won't as I don't really see a good r/r.
Of course, if one is scalping for a few, then just fire away.
Thank You
- #231,036
- Jun 10, 2010 9:08am Jun 10, 2010 9:08am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Verily, in every difficulties there is relief
- #231,037
- Jun 10, 2010 9:10am Jun 10, 2010 9:10am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
I wasn't taking any swipe at you my friend
Was just speaking my mind since willo asked for thoughts. I take those counter trades just as much myself, just this time I won't as I don't really see a good r/r.
Of course, if one is scalping for a few, then just fire away.
Verily, in every difficulties there is relief
- #231,038
- Jun 10, 2010 9:17am Jun 10, 2010 9:17am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
easy im not feel offended nor insulted
Thank You