i hate to burst your bubble chief but your low trendline on that flag impression is off as all trendlines require a minimum of 2 touch to be valid.
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Cable Update (GBPUSD)
- #253,044
- Sep 14, 2010 3:59pm Sep 14, 2010 3:59pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
i hate to burst your bubble chief but your low trendline on that flag impression is off as all trendlines require a minimum of 2 touch to be valid.
And it did stop @ 1.5533 for now
Don't be a hero. Don't have an ego. Always question yourself
- #253,045
- Sep 14, 2010 4:01pm Sep 14, 2010 4:01pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw and @zameer:
@pawpaw1000 on Twitter
- #253,046
- Sep 14, 2010 4:02pm Sep 14, 2010 4:02pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Spot on, and until then it is a descending triangle or falling wedge, neither is properly formed yet.
EDIT: Wow, got some force for such late night PA>>> Where we going ?
@pawpaw1000 on Twitter
- #253,048
- Sep 14, 2010 4:05pm Sep 14, 2010 4:05pm
- Joined Oct 2009 | Status: Trader | 15,211 Posts
oi chief, how many you catch on the up? enough for supper?
EDIT: Wow, got some force for such late night PA>>> Where we going ?
- #253,049
- Sep 14, 2010 4:07pm Sep 14, 2010 4:07pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #253,050
- Sep 14, 2010 4:08pm Sep 14, 2010 4:08pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
one mutated pennant had he connected the two points available at the time.
Don't be a hero. Don't have an ego. Always question yourself
- #253,051
- Sep 14, 2010 4:08pm Sep 14, 2010 4:08pm
Sure but everything has to start somewhere
And it did stop @ 1.5533 for now
- #253,052
- Sep 14, 2010 4:10pm Sep 14, 2010 4:10pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #253,053
- Sep 14, 2010 4:11pm Sep 14, 2010 4:11pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
and in order for a trendline to start it needs a minimum of 2 touches. you cannot simply draw one out of thin air. And with all due respect, the bounce off 1.5529 does not count because at the time of your posting there was no bounce point, you were just speculating a bounce. That does not meet the criteria of trendline drawing.
Don't be a hero. Don't have an ego. Always question yourself
- #253,054
- Sep 14, 2010 4:13pm Sep 14, 2010 4:13pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #253,055
- Sep 14, 2010 4:15pm Sep 14, 2010 4:15pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
+176
After the " range overtrade" , there could be a sizable correction, the range is still intact
@pawpaw1000 on Twitter
- #253,056
- Sep 14, 2010 4:19pm Sep 14, 2010 4:19pm
You guys are mucho critical this late, have some fun.....
Need I remind you that you're a vouched member and what you say around here supposedly carries weight, so it won't be fair to the lesser informed traders trying to follow your lead when your technical approach is misleading.
I hope you understand my friendly criticism, I'm not trying to offend you.
- #253,057
- Sep 14, 2010 4:24pm Sep 14, 2010 4:24pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Care to give a crystal ball estimate? I got 5490...
Time to hit the sack for me , hope you catch a few more...
" Never let the past hold the future to ransom "
- #253,058
- Sep 14, 2010 4:24pm Sep 14, 2010 4:24pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
I can have fun, just not at the expense of proper technical analysis.
Need I remind you that you're a vouched member and what you say around here supposedly carries weight, so it won't be fair to the lesser informed traders trying to follow your lead when your technical approach is misleading.
I hope you understand my friendly criticism, I'm not trying to offend you.
Don't be a hero. Don't have an ego. Always question yourself
- #253,059
- Sep 14, 2010 4:29pm Sep 14, 2010 4:29pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
To be honest , I have no idea ....I don`t even try to predict tops and bottoms, I just try to trade the momentum and catch the flow of the market , the possibility of a narrow consolidation range is a likely scenario whilst the dust is settling and the blood clotting after the big moves today.
Time to hit the sack for me , hope you catch a few more...
Good to have another South African here, kinda lonely sometimes here in Europe
see 2moro LO, have to also catch some sleep now...
@pawpaw1000 on Twitter
