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Cable Update (GBPUSD)

  • #252,061
  • Sep 10, 2010 1:17am Sep 10, 2010 1:17am
Hi guys and Ladies,

As you know I use daily and H4 for my analysis and my decisions.....and I use M30 and M5 to monitor my trades and play with up and down moves....

So here is what I see on M30 (btw quite similar to what I see on H4)....

Trend is bearish and we'll have in coming minutes an upside move up to upper line of my channel where, of course, Ill add to my positions.....and I already took some profit at yellow dot 3.....

It's how forex works up and down, up and down.....so on any TF you may take advantage of these similar moves.....easy don't you think .....

GL to everyone
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Non licet omnibus adire Corinthum
  • #252,062
  • Sep 10, 2010 1:35am Sep 10, 2010 1:35am
Anyone think this H1 bullish gartley might play out?

Point D is almost bang on the low of the big H4 drop on the 6th and there are other H4 lows close too.
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  • #252,063
  • Edited 1:58am Sep 10, 2010 1:45am | Edited 1:58am
Here it is on the H4 showing potential demand level at point D.

What do you guys think? Where's Cloggie when you need him!
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  • #252,064
  • Sep 10, 2010 1:59am Sep 10, 2010 1:59am
Quoting Sutts
Anyone think this H1 bullish gartley might play out?

Point D is almost bang on the low of the big H4 drop on the 6th and there are other H4 lows close too.
it will soon
  • #252,065
  • Sep 10, 2010 2:05am Sep 10, 2010 2:05am
Quoting javajames
Hi guys and Ladies,

As you know I use daily and H4 for my analysis and my decisions.....and I use M30 and M5 to monitor my trades and play with up and down moves....

So here is what I see on M30 (btw quite similar to what I see on H4)....

Trend is bearish and we'll have in coming minutes an upside move up to upper line of my channel where, of course, Ill add to my positions.....and I already took some profit at yellow dot 3.....

It's how forex works up and down, up and down.....so on any TF you may take advantage of these similar moves.....easy...

Thank you for this post JAVA ,

i had similar setup but was unsure
because of strong down momentum at franky open,
your post gave me more confident and i took this trade.
Already closed for 26 pips, nice start to crazy friday.
Have a nice trading day!
  • #252,066
  • Sep 10, 2010 2:15am Sep 10, 2010 2:15am
Quoting javajames
Hi guys and Ladies,

As you know I use daily and H4 for my analysis and my decisions.....and I use M30 and M5 to monitor my trades and play with up and down moves....

So here is what I see on M30 (btw quite similar to what I see on H4)....

Trend is bearish and we'll have in coming minutes an upside move up to upper line of my channel where, of course, Ill add to my positions.....and I already took some profit at yellow dot 3.....

It's how forex works up and down, up and down.....so on any TF you may take advantage of these similar moves.....easy...
Nice analysis Java, thanks. Was it the potential demand zone to the left, the S1 pivot or that M30 TL that made you take profit and expect and move back up to the upper channel line? This is occuring mid-channel so I'm trying to understand the rules. Thanks.
  • #252,067
  • Sep 10, 2010 2:22am Sep 10, 2010 2:22am
Quoting Magix
Listen Ace...

The daily from yesterday is a bullish engulfing...not my terminology.

The day swung to the south, I got stopped out of my long positions and yeah, I have taken a short ride, holding from 5453...

I post all of my charts complete with indicators at my thread.

It makes you a big man because you post your plays?

Really?

And even if it did...it would still seem to me that after being in the industry for 40 years, I wouldn't be able to trust ROI to be a can of soda if I handed you a fist full of quarters in front of a coke machine.

I...
obviously thou.moving average are laggin so the reasoning behind your post is always gonna fit with whatever price is doing..i do love your terms mango, ace..
  • #252,068
  • Sep 10, 2010 2:26am Sep 10, 2010 2:26am
Goodmorning gentlemen and babies. Looking to make some quickie this morning. . . Any idea?

Never mind me. I need some minutes to look at PA and then we push it.

Peace to all!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,069
  • Sep 10, 2010 2:31am Sep 10, 2010 2:31am
Long for Trade
Short for scalp

Happy weekend
not euphoria follower
  • #252,070
  • Sep 10, 2010 2:36am Sep 10, 2010 2:36am
Quoting USD-Bear
Longs @ 1.5430
SL 1.5325 (long term positions (I hope))
Target 1.6000

D1:
Attachment
hehe, it cost me a few trillion, but we are there again......
Don't be a hero. Don't have an ego. Always question yourself
  • #252,071
  • Sep 10, 2010 2:38am Sep 10, 2010 2:38am
Quoting USD-Bear
hehe, it cost me a few trillion, but we are there again......
but you did trade not scalp
not euphoria follower
  • #252,072
  • Sep 10, 2010 2:40am Sep 10, 2010 2:40am
Quoting USD-Bear
hehe, it cost me a few trillion, but we are there again......

this is what im looking at buddy:-shaping up beautifully
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  • #252,073
  • Sep 10, 2010 2:40am Sep 10, 2010 2:40am
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pips stunner Entry was on H1 chart as my arrow shows but unfortunately i don't trade H1 charts. Strictly H4......... Just for the record, the pipping wont stop. wish ya'all the best.







Behold my pip crazy mentality.
On a pipping vendetta against FOREX!
  • #252,074
  • Sep 10, 2010 2:41am Sep 10, 2010 2:41am
Quoting nAVIN2007
obviously thou.moving average are laggin so the reasoning behind your post is always gonna fit with whatever price is doing..i do love your terms mango, ace..
Morning
MA not Lagging if u use them with High TF
If u want proof i can post that
Time for some Cafe
  • #252,075
  • Sep 10, 2010 2:43am Sep 10, 2010 2:43am
Quoting egkid
Morning
MA not Lagging if u use them with High TF
If u want proof i can post that
Time for some Cafe
prove it plz....
  • #252,076
  • Sep 10, 2010 2:45am Sep 10, 2010 2:45am
Quoting iqyu5an
Long for Trade
Short for scalp

Happy weekend
Gday Iq!! Were coming into daily resistance, you reckon its gonna keep going? Or time to short now?
  • #252,077
  • Sep 10, 2010 2:46am Sep 10, 2010 2:46am
Quoting egkid
Morning
MA not Lagging if u use them with High TF
If u want proof i can post that
Time for some Cafe

brother they are always laggin..cause they work on averages..so candles need to be printed first b4 they show..i suppose u can play the touches but thats not trading with discipline more just taking chances

cross over system are definately laggin..but hey! if it works then its an edge..keep doing what works..but i rather understand market price movements..

im becoming stronger and stronger every week..hopefully it will continue
good luck all
  • #252,078
  • Sep 10, 2010 2:48am Sep 10, 2010 2:48am
Quoting nAVIN2007
this is what im looking at buddy:-shaping up beautifully
fits beautiful, what shapes the blue line?
Don't be a hero. Don't have an ego. Always question yourself
  • #252,079
  • Sep 10, 2010 2:48am Sep 10, 2010 2:48am
Quoting Jazznos
Gday Iq!! Were coming into daily resistance, you reckon its gonna keep going? Or time to short now?
Hi..Jazz....

As my post in other room.... september is bullish for me... any drop just a moment to add more long position.
not euphoria follower
  • #252,080
  • Sep 10, 2010 2:49am Sep 10, 2010 2:49am
slightly different view..
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