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Cable Update (GBPUSD)

  • #253,501
  • Sep 15, 2010 8:54pm Sep 15, 2010 8:54pm
Quoting Magix
Stoploss or take profit?

It's going to be a rocky road here alex....Brew a cup o joe, throw on an adults depends diaper so ya don't have to miss the action, and grip firmly onto the arm rests on your chair.

Dragon gotta close its 5m 200....

Well said!

After all were just trading a statistical probability of 60 to 70% that the price will continue after this chopping wood has finished.

Size of the actual retracement we will know by london open, or should do.
  • #253,502
  • Sep 15, 2010 8:55pm Sep 15, 2010 8:55pm
Quoting Magix
lol...

Dude....

First rule of fight club....don't talk about fight club.

First rule of forum, don't listen to me because I am a boorish asshole...

Trade your charts, maybe I got this one right and you got it wrong, maybe vice versa, maybe the next time the opposite....
you got it Magix
  • #253,503
  • Sep 15, 2010 8:59pm Sep 15, 2010 8:59pm
The plan still hold so far

above weekly, tight ranging at top of the trading day, still looking for more upside.
Attached Image (click to enlarge)
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  • #253,504
  • Sep 15, 2010 9:08pm Sep 15, 2010 9:08pm
look's like Asian are not willing to get into any move. maybe is because they don't have anymore yen to spend to buy US since they just bought trillions of it.

  • #253,505
  • Sep 15, 2010 9:18pm Sep 15, 2010 9:18pm
Quoting Lejumeau
look's like Asian are not willing to get into any move. maybe is because they don't have anymore yen to spend to buy US since they just bought trillions of it.

On a comparative scale, the yen vs dollar...cuz I trade the 4 majors...

We are right at support. So...I would expect a little pop here.

Not like I trade this...just an observation is all...

PS..UJ 5m 200...EJ hit the 5m 200, waiting and targeting the GJ 5m 200...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #253,506
  • Sep 15, 2010 9:49pm Sep 15, 2010 9:49pm
Breakoutfrom the triangle to the downside?
Any thoughts on that ?
  • #253,507
  • Sep 15, 2010 10:09pm Sep 15, 2010 10:09pm
Well, exceeding my expectations on dragon shorts....

Took a close of net 76, exiting the shorts dragon exiting longs cable...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #253,508
  • Sep 15, 2010 10:10pm Sep 15, 2010 10:10pm
GU After bounce from 50 FIB level, target 1.557X t 1.556X which is good support for GU
Attached Image (click to enlarge)
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  • #253,509
  • Sep 15, 2010 10:44pm Sep 15, 2010 10:44pm
Feeling a little sheepish...

Gone to bed....

Good nite!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #253,510
  • Sep 16, 2010 12:14am Sep 16, 2010 12:14am
A TF to be watching.

Last time a compression pattern formed and released on the
4H TF was 4/30 12:00 GMT producing nearly 1100 pips. Here
again we see another pattern developing. Any breakout off of
the 4H will likely be big but first preceeded by multiple C- patterns
forming & releasing in lower TFs around the focal point of the 4H
144EMA causing a further build-up of energy for its release.

Dr. D.
Attached Images
  • #253,511
  • Sep 16, 2010 12:50am Sep 16, 2010 12:50am
Shorted cable @ 5599 for 30+ Pips. SL 623

GL all
Enter Signature
  • #253,512
  • Sep 16, 2010 12:52am Sep 16, 2010 12:52am
Quoting bbakker
Downtrend on the monthly, consolidation on the h4, uptrend on the m15 and retrace on the m5. LOL! It is not really a retrace on m5, but I do see a bull flag forming on h4!
Hi brobaker, any crime cases closed?
  • #253,513
  • Sep 16, 2010 12:53am Sep 16, 2010 12:53am
Good morning folks.


http://cdn.forexfactory.com/images/m...dar_upnext.gif 7:00am JPY BOJ Gov Shirakawa Speaks

http://www.forexfactory.com/calendar.php


Will or at least should have major impact on both USD and other currencies.
  • #253,514
  • Sep 16, 2010 1:02am Sep 16, 2010 1:02am
Quoting basitata
Shorted cable @ 5599 for 30+ Pips. SL 623

GL all
Nice. I'm taking profit at 1.555
  • #253,515
  • Sep 16, 2010 1:05am Sep 16, 2010 1:05am
Quoting fourxtrader
A TF to be watching.

Last time a compression pattern formed and released on the
4H TF was 4/30 12:00 GMT producing nearly 1100 pips. Here
again we see another pattern developing. Any breakout off of
the 4H will likely [i][color=blue]be big but first preceeded by multiple...

So with this compression and then explosion to the upside, we should then see lots of C's as we climb higher? Would the explosion to the upside be more attributable to the Goldman Sachs announcement yesterday?

Thoughts?

Thank you
What we obtain too cheap, we esteem too lightly.
  • #253,516
  • Sep 16, 2010 1:06am Sep 16, 2010 1:06am
hey guys, Check Eu on 4H, its gonna break the TL started from 2652, need clear confirmation for greenyy
GL
Enter Signature
  • #253,517
  • Sep 16, 2010 1:08am Sep 16, 2010 1:08am
Quoting fourxtrader
A TF to be watching.

Last time a compression pattern formed and released on the
4H TF was 4/30 12:00 GMT producing nearly 1100 pips. Here
again we see another pattern developing. Any breakout off of
the 4H will likely [i][color=blue]be big but first preceeded by multiple C-...
here you go doc , deciphered it for you lol, we have been trading above the monthly open since it opened , using the inverted head and shoulder pattern to get the abc pattern gives us fib extensions of 272 being at 1.5651 and the 618 being at 1.5733 , beyond that the previous daily highs could be a tgt , monthly H 3 has been taken out so you know what tht may mean lol, retrace to monthly pivot maybe at 1.5556, before a bounce cheers
Attached Image (click to enlarge)
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  • #253,518
  • Sep 16, 2010 1:09am Sep 16, 2010 1:09am
Quoting basitata
Shorted cable @ 5599 for 30+ Pips. SL 623

GL all
Sl moved to BE...

Guys check EU...
Enter Signature
  • #253,519
  • Sep 16, 2010 1:10am Sep 16, 2010 1:10am
Quoting Capn79
So with this compression and then explosion to the upside, we should then see lots of C's as we climb higher? Would the explosion to the upside be more attributable to the Goldman Sachs announcement yesterday?

Thoughts?

Thank you
you're wasting your time with this compression chart nonsense. notice that the postings are all done after the fact. pretty pointless. everything posted after the fact looks "phenomenal"
  • #253,520
  • Sep 16, 2010 1:12am Sep 16, 2010 1:12am
Quoting basitata
hey guys, Check Eu on 4H, its gonna break the TL started from 2652, need clear confirmation for greenyy
GL
Comments appriciated.
Enter Signature
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