this why i sell only if it bounce from Re , otherwise only buy
Cable Update (GBPUSD)
- #251,324
- Sep 7, 2010 2:19am Sep 7, 2010 2:19am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #251,326
- Sep 7, 2010 2:34am Sep 7, 2010 2:34am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #251,332
- Sep 7, 2010 2:49am Sep 7, 2010 2:49am
strong support at 1.538 and 1.535
i think the price won't pass those two
it will bounce back to 1.562
just my point of view..
- #251,335
- Sep 7, 2010 2:52am Sep 7, 2010 2:52am
Hi all my 2c is all other pairs looking very bearish. USDX has gapped up on my charts so if price comes back to fill in the gap should help GBP long but as price is under the daily pivot I wouldn't go yet or chance of being burnt
- #251,336
- Edited 3:08am Sep 7, 2010 2:57am | Edited 3:08am
Hi guys,
See how PA once more reacted to kumo.....
On my favorite H4 everything is clear:
trend is bearish
PA stays below kumo and kumo is strong
So i'm short....but it doesn't mean we won't have upmoves....I 'll just trust my charts and my strategy.....so I'll add to my positions.....and will take my profit later.....
That's all what trading is about.....Build a good strategy (at least 66% winners), a good MM, a lot of patience pills.....and then you may open a new account in a new bank.....
GL everyone
See how PA once more reacted to kumo.....
On my favorite H4 everything is clear:
trend is bearish
PA stays below kumo and kumo is strong
So i'm short....but it doesn't mean we won't have upmoves....I 'll just trust my charts and my strategy.....so I'll add to my positions.....and will take my profit later.....
That's all what trading is about.....Build a good strategy (at least 66% winners), a good MM, a lot of patience pills.....and then you may open a new account in a new bank.....
GL everyone
Non licet omnibus adire Corinthum
- #251,337
- Sep 7, 2010 3:07am Sep 7, 2010 3:07am
What GU forms now is heals in the triangle 5600 possibilities is very small, sees first to 5450!
i see a possibility in daily chart that the price can make the first wave and then going down again
well, i'm new in learning wave theory, sorry for my mistake
- #251,338
- Sep 7, 2010 3:21am Sep 7, 2010 3:21am
on the daily to me (a newbie) its still seems to be forming a descending triangle, with much lower highs, and the base of the triangle at 1.5320, ie. the 38.2% correction from 1.42-1.60...so shouldn't bias be for it to tumble and test 1.5109...or is this the case of a pullback to the 23.6% level at 1.56 from where people can short again...
. I only worry when our professionals and old-bies say I went long at 1.5394 and all such things. Where do they get the analysis that get them in? Or do we now trade based on what we "feel" price would do and not based on what it's doing?Peace to ya!
Mystery Is The Final Product Of Ignorance.
Hey! What's ma chart doin' 
- #251,339
- Sep 7, 2010 3:21am Sep 7, 2010 3:21am
- | Joined Jul 2010 | Status: Good things come to those who wait | 36 Posts
On the daily, price has been ranging between 78.6% and 61.8% (1.532 - 1.5456) for 6 days now. The range 1.518 - 1.547 is marked because all of April and half of June PA played in this range.
On a closer view (4h), price is moving between 1.5331 and 1.5476 with 1.54 as a major S/R.
Monthly open price at 1.534 and daily at 1.536.
I suspect price will continue to bounce off the 1.532-1.536 area until it doesn't
On a closer view (4h), price is moving between 1.5331 and 1.5476 with 1.54 as a major S/R.
Monthly open price at 1.534 and daily at 1.536.
I suspect price will continue to bounce off the 1.532-1.536 area until it doesn't
- #251,340
- Sep 7, 2010 3:23am Sep 7, 2010 3:23am
of course, i didn't tell in short time..
i see a possibility in daily chart that the price can make the first wave and then going down again
well, i'm new in learning wave theory, sorry for my mistake