Cable Update (GBPUSD)
Hey Kill
Miss u too man! Hope you and the family are keeping well. Your support for your family is more important than this place, but we still miss you big time!
My girls are fine and everything is sweeeet! It is great to see you again! You take it easy now brother, and send my regards to your wife and family
hahahahaha i have ... but what for i close it ? any reason....? 1 day = 24 hours
should i watch 4 hours....6 hours...12 hours or 24 hours a day to watch the chart ? there is a lot of to do in our life .... not just trading.....
i never react to market movement ........ you react....emotion will kill you.
try to have helicopter cockpit . better than just sitting like a passenger only
MarketWatch says "U.S. dollar spikes vs yen on reported Magix intervention"
MarketWatch says "U.S. dollar spikes vs yen on reported Magix intervention"
I just don't see the point in watching 100 loss...but hey, if that's how you like to do things, keep on keeping on....
Just remember, when you question others in the forum, there is more then 1 way to skin a cat.
To each his own my friend.
but hey..... i try to catch the trend not the pips....... pip is second.... trend is number one.......
Emotion Moving Average is better than Exponential Moving Average and Chart
Emotion Moving Average is great tool to filter posters
you have to learn emotion moving average......
g luck for your trade
And you my friend, could use a hand using the Exponential Moving Average.
I see opportunity...I take it.
Again, different cat, different method.
Actually, it wasn't the 200EMA that brought ridicule beyond
laughter here in the asylum, it was your mockery of the 4h
chart and rigid insistence on limiting all analysisto the 1M TF.
An enlightened trader would recognize the value of the 1M TF
provided multiple MA's are used.... [i][color=#0000ff]e.g....
although I still use the M1 200ema I've move to S10 charts for a more accurate picture of the current direction, check this picture out 
What... the current candle and last month's candle? Are you sure that is not a retrace? Potential bull flag maybe?
To be honest I don't know whether it is either one or the other! Funny how we all see different things when we look at the same bloody chart! Invariably it boils down to two things... we either see bull or bear!
Actually no, going with the chart you posted it's definitely bearish.
Last month's close on your chart is the bearish dark cloud cover. And since you're using moving averages, with all the crosses being on the negative side and all the candles since July 2008 closing below them there is no question about the trend. The problem is this is the monthly we're talking about, so this is still just a really big retrace.
But to be clear, from the monthly, I only see bear.
