Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#264,601
Nov 17, 2010 9:16am Nov 17, 2010 9:16am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Just back at desk to see what I missed after my own trading session ended some hours ago....I see price has stayed inbteween the Daily Pivot and yesterday's lo at only 50% of the 20 day average pip range...that pre-identified area 5930-36 indeed did see supply being daily/weeekly pivot and 3 x fibs of the major 4hr/1hr swings from 6297 to yesterday's 5837 lo, 23.6% of the 4hr swing 6260-5837 to name but one.

Recovery from 5866 has created a new 1hr swing lo to join a trend line to the current daily lo on this t/f. Any recovery above the current daily hi encounters those previous 1hr/4hr swing lo's starting around 5952 area.

Current near-term 1hr screenshot is below.

G/L

http://www.easy-upload.net/fichiers/...1117161444.gif

ex member

#264,602
Nov 17, 2010 9:36am Nov 17, 2010 9:36am

Mr.Elliott
| Joined Jul 2009 | Status: ˙˙˙˙ʇɥƃıɐɹʇs ʞlɐʇ ɹǝʌǝu ı | 439 Posts

Quoting Mr.Elliott

Disliked

close short....GU for +50 pips....enter long @1.5893 with -50 stop loss.....

Ignored

long position locked @BE (1.5893)....

#264,603
Nov 17, 2010 10:04am Nov 17, 2010 10:04am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

Quoting Mr.Elliott

Disliked

long position locked @BE (1.5893)....

Ignored

Hero calls followed by margin calls...

#264,604
Nov 17, 2010 10:08am Nov 17, 2010 10:08am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

i am short

1.5922 , SL 5939 , tp 5902

Hero calls followed by margin calls...

#264,605
Nov 17, 2010 10:31am Nov 17, 2010 10:31am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

add new long here ( 59xx )

still holding 3 prev long ( since yesterday ) at 58xx and 3 OLD long ( since 53xx and 54xx) . Partial TP : 60xx/61xx and will be adjusted later if required

Reason : http://www.forexfactory.com/showpost...&postcount=892

rgds,iqyu
only 4 candle in a year

Quoting PhAnTi'

Disliked

i am short

1.5922 , SL 5939 , tp 5902

Ignored

not euphoria follower

#264,606
Nov 17, 2010 10:40am Nov 17, 2010 10:40am

Mr.Elliott
| Joined Jul 2009 | Status: ˙˙˙˙ʇɥƃıɐɹʇs ʞlɐʇ ɹǝʌǝu ı | 439 Posts

Quoting iqyu5an

Disliked

add new long here ( 59xx )

still holding 3 prev long ( since yesterday ) at 58xx and 3 OLD long ( since 53xx and 54xx) . Partial TP : 60xx/61xx and will be adjusted later if required

Reason : http://www.forexfactory.com/showpost...&postcount=892

rgds,iqyu

Ignored

1.5950 is a tough nut to crack......been waiting...

seems that the triangle have been broken...but still it is not a clean break yet....we are still in a range....

#264,607
Nov 17, 2010 10:43am Nov 17, 2010 10:43am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

my imho : forming bottom

could be wrong

rgds,iqyu

Quoting Mr.Elliott

Disliked

1.5950 is a tough nut to crack......been waiting...
seems that the triangle have been broken...but still it is not a clean break yet....we are still in a range....

Ignored

not euphoria follower

#264,608
Nov 17, 2010 10:53am Nov 17, 2010 10:53am

Mr.Elliott
| Joined Jul 2009 | Status: ˙˙˙˙ʇɥƃıɐɹʇs ʞlɐʇ ɹǝʌǝu ı | 439 Posts

Quoting iqyu5an

Disliked

my imho : forming bottom

could be wrong

rgds,iqyu

Ignored

may i see a chart...if you dun mind...

#264,609
Edited 11:15am Nov 17, 2010 10:59am | Edited 11:15am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

Sure
1) http://www.forexfactory.com/attachme...5&d=1289997337

2) I am waiting this area since i close partial my old long position in 62xx since 57xx and start short from 61xx ( closed at 58xx ). Chart ? here is the resume of mine : http://www.forexfactory.com/showpost...&postcount=892

3) October - December View : http://www.forexfactory.com/showpost...;postcount=701

Rgds,iqyu

Quoting Mr.Elliott

Disliked

may i see a chart...if you dun mind...

Ignored

not euphoria follower

#264,610
Nov 17, 2010 11:26am Nov 17, 2010 11:26am

Robot
| Joined May 2009 | Status: 10% a month guy | 616 Posts

i think gbp/usd downtrend is still intact

#264,611
Nov 17, 2010 12:44pm Nov 17, 2010 12:44pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting Robot

Disliked

i think gbp/usd downtrend is still intact

Ignored

I dunno mang...The 15m chart was a fair foreteller following the H4 trigger, and it looks to be the teller again on a retrace.

Though not making leaps and bounds just yet, the 15m chart is showing higher lows and higher highs...kinda loox like we filling the emptiness of the fill-zone chart as posted yesterday....

Chart 1, idea of trend
Chart 2, current.

Attached Image(s) (click to enlarge)

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#264,612
Nov 17, 2010 12:55pm Nov 17, 2010 12:55pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting Magix

Disliked

I dunno mang...The 15m chart was a fair foreteller following the H4 trigger, and it looks to be the teller again on a retrace.

Though not making leaps and bounds just yet, the 15m chart is showing higher lows and higher highs...kinda loox like we filling the emptiness of the fill-zone chart as posted yesterday....

Chart 1, idea of trend
Chart 2, current.

Ignored

For S&G....I stabbed in a long @ 1.58923, will drop this like a rock if we breach the LTL on chart previously posted.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#264,613
Nov 17, 2010 1:45pm Nov 17, 2010 1:45pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Charts the same...but this one I will call, "Mini Me".

Muwahahahahahaahha

Checking points 1, 2, 3 on a 5m chart and see how they compare to the following 1, 2, 3...

Who sees this kinda shit? Me...Eff Man, Waaaaaaaaaay to much time sitting here!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#264,614
Nov 17, 2010 3:33pm Nov 17, 2010 3:33pm

raasmasud
| Joined May 2010 | Status: Trader | 99 Posts

can any one tell me that the move on gbp/usd if u see weekly on 1/30/2004 till wat caused that move of 8000 pips ??? assumed

#264,615
Nov 17, 2010 3:44pm Nov 17, 2010 3:44pm

theIEguy9_09
| Joined Oct 2010 | Status: Trader | 541 Posts

Quoting Magix

Disliked

Charts the same...but this one I will call, "Mini Me".

Muwahahahahahaahha

Checking points 1, 2, 3 on a 5m chart and see how they compare to the following 1, 2, 3...

Who sees this kinda shit? Me...Eff Man, Waaaaaaaaaay to much time sitting here!

Ignored

I can honestly say that I sat in limbo for close to a month until finally coming across your charts. I really appreciate you taking the time out to show traders how not to make the some mistakes you/we made...Thanks!!!

#264,616
Nov 17, 2010 4:16pm Nov 17, 2010 4:16pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting theIEguy9_09

Disliked

I can honestly say that I sat in limbo for close to a month until finally coming across your charts. I really appreciate you taking the time out to show traders how not to make the some mistakes you/we made...Thanks!!!

Ignored

Sometimes the teacher, sometimes the student...

Glad you found a little something in my charts to help keep ya in the good...In the end, bigger wins and smaller losses not only keeps you in the game but helps you to grow your account and confidence.

Give some time to checking out Brijons thread...well worth read for all traders imo.
http://www.forexfactory.com/showthread.php?t=242404

A candle that is used to lite another loses nothing....

So, on the subject of charts, and because I watch multiple pairs on multiple time frames...I watch for certain chart patterns and of course keep an eye on daily roll over...Now, hitting the exact price on a candle for a 5 dig broker is incredible, for it to happen right at roll over is Effin Crazy, but I think there might be a little more to the story.

Yes, this is a chart of the Dragon, but if you checked you own chart price from 24hrs ago, it being on the button to where we opened the daily some 12 mins ago, same? Seriously?? Red line marks daily roll over prices.

Here is the other thing, I have studied some on the chart formations and candle stick pattern. I watching Moving averages and other related indicators as well as trading off multiple time frames using price action in relation to price movement...But I have yet to come across a completed chart pattern like the one I am posting.

Is there a specific name for this, or just a message written in candles? Again, this kind of pattern, a daily rollover being exactly the same 2 days in a row...maybe this means, take the rest of the week off????