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Cable Update (GBPUSD)

  • #264,621
  • Nov 17, 2010 6:46pm Nov 17, 2010 6:46pm
What do you guys think?
GU down to 1.5650?

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #264,622
  • Nov 17, 2010 7:41pm Nov 17, 2010 7:41pm
This what i think : http://www.forexfactory.com/showpost...&postcount=893

rgds,iqyu

Quoting KillerWhale
What do you guys think?
GU down to 1.5650?

Shamu
not euphoria follower
  • #264,623
  • Nov 17, 2010 8:00pm Nov 17, 2010 8:00pm
Quoting Magix
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????
Magix,



Truly enjoyed your chart pattern formation. Very sharp indeed! A strong message from the pair?

Hehe -
  • #264,624
  • Nov 17, 2010 8:17pm Nov 17, 2010 8:17pm
Euro pairs have taken off like a rocket...EJ more specifically, but lets have a look at that EG chart again.

Update on the forecast, buys on the triggers, bounce off support line....

With cable being the laggy of the bunch, when EG hits hourly resistance, will we see a Mass Exodus on all buys, or will we see Cable take off like a rocket?

Chart 1, forecast
Chart 2, current...

Again, this was the ez free money play...they don't come much better then this....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EGh3.jpg Size: 124 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,625
  • Nov 17, 2010 8:23pm Nov 17, 2010 8:23pm
Quoting TauTrader
Magix,



Truly enjoyed your chart pattern formation. Very sharp indeed! A strong message from the pair?

Hehe -
Hey TT...

If you discover a planet or asteroid, they will name it after you...

If we consider this a new harmonic pattern, ya think they would call it the Magix Gartley?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,626
  • Nov 17, 2010 8:24pm Nov 17, 2010 8:24pm
Quoting Magix
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...
lol, nice , seems a familar pattern alltho not always in chart form . Combine or a tractor taking up the road I seem to have recieved that same pattern several times over this harvest season . Think it means your number 1 ha ha
  • #264,627
  • Nov 17, 2010 8:31pm Nov 17, 2010 8:31pm
Quoting digger1
lol, nice , seems a familar pattern alltho not always in chart form . Combine or a tractor taking up the road I seem to have recieved that same pattern several times over this harvest season . Think it means your number 1 ha ha
Our first 2 days of snow over the last couple days...

Believe me, I have shown that pattern so much, I believe through some sort of telepathic osmosis Vulcan Mind broadcast, I think this is my way of saying Merry Season to the Dragon!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,628
  • Nov 17, 2010 8:33pm Nov 17, 2010 8:33pm
Quoting Magix
Our first 2 days of snow over the last couple days...

Believe me, I have shown that pattern so much, I believe through some sort of telepathic osmosis Vulcan Mind broadcast, I think this is my way of saying Merry Season to the Dragon!
lol
  • #264,629
  • Nov 17, 2010 8:36pm Nov 17, 2010 8:36pm
Again, not a chart I play but some easy sheckles on this one...

GBPCHF...

Trigger off the hourly shroud, play completion on its way...

Gotta love the EZ money...

Chart 1, forecast
Chart 2, current
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gc2.jpg Size: 120 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,630
  • Nov 17, 2010 8:44pm Nov 17, 2010 8:44pm
Possibly two Daily inside bars on GU PLUS today's possible IB looks to be tightly ranged.

Looking to place breakout trades if today's bar becomes the 2nd IB. Long a good chance.
  • #264,631
  • Nov 17, 2010 8:54pm Nov 17, 2010 8:54pm
As one of my favorite cross correlated pairs, USDCAD seems to have found interm support on the 15m, a trigger here, could send cable back down to the LTL...She sure don't got the momo today...

Yellow line, 200EMA
Bottom green line, Trigger, top green, 1st target zone.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,632
  • Nov 17, 2010 8:59pm Nov 17, 2010 8:59pm
Uh....

Here's that LTL again....
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,633
  • Nov 17, 2010 9:07pm Nov 17, 2010 9:07pm
  • #264,634
  • Nov 17, 2010 9:14pm Nov 17, 2010 9:14pm
Different way .... the same view ( may be )

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=893
Quoting Magix
Uh....

Here's that LTL again....
Attached Image (click to enlarge)
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not euphoria follower
  • #264,635
  • Nov 17, 2010 9:15pm Nov 17, 2010 9:15pm
Quoting grashid
hey...whatups G.....how your eid...bro..
  • #264,636
  • Nov 17, 2010 9:19pm Nov 17, 2010 9:19pm
hi ... what about your chart ? may i i see it also ?
mine ==>> http://www.forexfactory.com/showpost...stcount=264623

rgds,iqyu

Quoting Mr.Elliott
may i see a chart...if you dun mind...
not euphoria follower
  • #264,637
  • Nov 17, 2010 9:20pm Nov 17, 2010 9:20pm
Good day to you,

I just can not see longs.... I'm looking and looking - but it looks to me that the last day or so has been a reload for short.

Bias remain to the downside...

What am I not seeing?

Regards
  • #264,638
  • Nov 17, 2010 9:23pm Nov 17, 2010 9:23pm
i think you dont see this : http://www.forexfactory.com/showpost...&postcount=893

but hey... this is forex. I know. time will tell

rgds,iqyu

Quoting TauTrader
Good day to you,

I just can not see longs.... I'm looking and looking - but it looks to me that the last day or so has been a reload for short.

Bias remain to the downside...

What am I not seeing?

Regards
not euphoria follower
  • #264,639
  • Nov 17, 2010 9:29pm Nov 17, 2010 9:29pm
Quoting iqyu5an
Different way .... the same view ( may be )

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=893
Smelling weakness on GBP...could just be the bear trap, or we could be looking for a little more.

Dragon suffering on an m30, if loses support, onto the hourly...if that happens I see M30 support as next in line on break of current 15m ltl...

Left side of screen, See a retrace on USDCAD...Cross correlation.
Attached Image (click to enlarge)
Click to Enlarge Name: 3m.jpg Size: 165 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,640
  • Nov 17, 2010 9:30pm Nov 17, 2010 9:30pm
Quoting TauTrader
Good day to you,

I just can not see longs.... I'm looking and looking - but it looks to me that the last day or so has been a reload for short.

Bias remain to the downside...

What am I not seeing?

Regards
so far rite now it is still ranging...so basically no clear direction yet.....
honestly saying that rite now i only see long...my bias may change after LO...who knows
so far the PA have more bulls rather than bears...but yes...i make go down suddenly without looking back....but now my money is on the bulls....

ps:still holding my long position from yesterday coz rite now it look bullish....
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