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Cable Update (GBPUSD)

  • #239,141
  • Jul 19, 2010 5:59am Jul 19, 2010 5:59am
Quoting bbmac
Close of the 1135am (uk time) 5min bull engulf gave a 2nd chance entry to that set-up which has now seen +20 at best, correct at writiing...I missed it.

This is what I am see-ing on 1hr now (the red and blue zones are previous obvious near-term fractal swing hi/lo's that are coexistant on 4hr also.actually there are no blue zones in view on this screenshot.)

G/L

ummmm what? lol
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,142
  • Jul 19, 2010 6:00am Jul 19, 2010 6:00am
Quoting GlobalMacro
market definitely wants to make it look like a bear trap...but imo it's more like a "reverse bull trap"....
this is one of those perverse market conditions that makes trading a dreadful nightmare to many people...present company excluded of course!
Quoting mloistianto
Bear Trap?? They bounce it well from the TL..

Short From Here. 1.5295.. Its Monday.. Things happen.. still on the track.. SL Updated Later. Once it breaks 1.5265 Then we will dive deeper..
yep That is what i'm thinking.. That is why I'm shorting. Its a (Bear Trap) Trap.. LOL...
  • #239,143
  • Jul 19, 2010 6:05am Jul 19, 2010 6:05am
Quoting Bull_Bear
LOL.....Yup on protein shake, not wrong abt that.

Fart like a bazooka too
Hear the music before the song is over ...
  • #239,144
  • Jul 19, 2010 6:07am Jul 19, 2010 6:07am
Quoting mloistianto
Once it breaks 1.5265 Then we will dive deeper..
Not going to anticipate this by entering now, will just wait for price to tell me first. No point jumping the gun and ending up with a false break.
  • #239,145
  • Jul 19, 2010 6:09am Jul 19, 2010 6:09am
Quoting mloistianto
yep That is what i'm thinking.. That is why I'm shorting. Its a (Bear Trap) Trap.. LOL...
Hear the music before the song is over ...
  • #239,146
  • Jul 19, 2010 6:09am Jul 19, 2010 6:09am
Quoting Bull_Bear
LOL.....Yup on protein shake, not wrong abt that.

Fart like a bazooka too
  • #239,147
  • Jul 19, 2010 6:12am Jul 19, 2010 6:12am
Quoting cloggie
Not going to anticipate this by entering now, will just wait for price to tell me first. No point jumping the gun and ending up with a false break.

Bullish engulfing on H4.
  • #239,148
  • Jul 19, 2010 6:17am Jul 19, 2010 6:17am
Quoting cloggie
Bullish engulfing on H4.
Not saying there isn't some upside still in that bar, but I am almost calling that bar a Bearish Hammer.... not your typical application, but with the high out of the range and the hammer bottom, I am almost looking to short from a bit higher up.....


I would rather see a engulfing bar stay engulfed.....

I would almost think the uside is coming from the 1Hr bar with the long upper wick inside bar with a higher close.

Just my thoughts
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,149
  • Jul 19, 2010 6:19am Jul 19, 2010 6:19am
Quoting cloggie
Not going to anticipate this by entering now, will just wait for price to tell me first. No point jumping the gun and ending up with a false break.
Hi mate. actually there is no break.. If u draw the TL. We are still in range.. No real break.. So, its better to stay out of the trade.. For me. i'm a young man with boiling blood.. LOL..
  • #239,150
  • Jul 19, 2010 6:22am Jul 19, 2010 6:22am
Quoting mloistianto
Hi mate. actually there is no break....

Who said anything about a break, read my post again:

Quote
No point jumping the gun and ending up with a false break.
  • #239,151
  • Jul 19, 2010 6:25am Jul 19, 2010 6:25am
Quoting GlobalMacro
market definitely wants to make it look like a bear trap...but imo it's more like a "reverse bull trap"....
this is one of those perverse market conditions that makes trading a dreadful nightmare to many people...present company excluded of course!
of course ..

this is just so tight right now.. I have weekly, monthly and daily supports all over this area and so far they are still battling it out,
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,152
  • Jul 19, 2010 6:29am Jul 19, 2010 6:29am
Inserted Video




i got 5236, 5205.
Thank You
  • #239,153
  • Jul 19, 2010 6:31am Jul 19, 2010 6:31am
Quoting wormboy
http://www.youtube.com/watch?v=hoHux...eature=related



i got 5236, 5205.
5265 as key, then 5252, 5235, 5205. If the key don't fit the lock, 5320, 5343.
  • #239,154
  • Jul 19, 2010 6:32am Jul 19, 2010 6:32am
Closed my 1.533 long of last friday with a loss of 40 pips.

Scalping this bear-flag for 15 pips each on M15 now, succeeded 3 times
M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0086.png Size: 23 KB


On daily 1.516 reaching minor LTL and pull-back of the break of major UTL looks possible. Bear-flag on M15 would indicate something in the neighborhood of 1.52
D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0087.png Size: 31 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #239,155
  • Jul 19, 2010 6:34am Jul 19, 2010 6:34am
Quoting wormboy
http://www.youtube.com/watch?v=hoHux...eature=related



i got 5236, 5205.
Awesome.. I have never seen her perfomance at such a young age.. gorgeous woman!
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,156
  • Jul 19, 2010 6:36am Jul 19, 2010 6:36am
Quoting damonl
of course ..

this is just so tight right now.. I have weekly, monthly and daily supports all over this area and so far they are still battling it out,
with all these supports not scary enough to the bears...they might just succeed in probing deeper waters...
Hear the music before the song is over ...
  • #239,157
  • Jul 19, 2010 6:38am Jul 19, 2010 6:38am
Quoting wormboy
http://www.youtube.com/watch?v=hoHux...eature=related



i got 5236, 5205.
What the hell, might as well go for 1.5160 bro...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,158
  • Jul 19, 2010 6:42am Jul 19, 2010 6:42am
Quoting cloggie
Bullish engulfing on H4.
I have a problem with candlestick patterns on the h4 tf as follows -

ACM shows the Bullish engulfing as you pointed out -

Attached Image



FXCM shows a big wick candlestick and a small candlestick for the last two h4 candlesticks

Attached Image



Windsor shows a spinning top and a hammer-type candlestick for the last two h4 candlesticks

Attached Image



Now which broker should I use for my h4 candlestick patterns? In order for me to see the same candlesticks on h4 as you are, I should only use ACM for h4 candlestick patterns, but how do we know what candlestick patterns everyone else is seeing on h4, or is it really not that important?
  • #239,159
  • Jul 19, 2010 6:43am Jul 19, 2010 6:43am
Quoting GlobalMacro
with all these supports not scary enough to the bears...they might just succeed in probing deeper waters...
yeah.. bears seem to be holding tough so far.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,160
  • Jul 19, 2010 6:48am Jul 19, 2010 6:48am
Quoting bbakker
I have a problem with candlestick patterns on the h4 tf as follows -

ACM shows the Bullish engulfing as you pointed out -

Attachment


FXCM shows a big wick candlestick and a small candlestick for the last two h4 candlesticks

Attachment


Windsor shows a spinning top and a hammer-type candlestick for the last two h4 candlesticks

Attachment


Now which broker should I use for my h4 candlestick patterns? In order for me to see the same candlesticks on h4 as you are, I should only use ACM for h4...
Yeah.. I think this factor is like the green spaces on the roulette wheel. Different brokers, different feeds. ACM is bearish all the way, and my feed looks like FXCM's feed.
"Keep your eyes on the helpers" - Mr. Rogers
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