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Cable Update (GBPUSD)

  • #264,901
  • Nov 22, 2010 11:11pm Nov 22, 2010 11:11pm
Quoting TauTrader
Good day to you,

4hr chart. Daily support zone @ 1.5883 to 1.5837. I believe we are heading into this region first. Will see if we bounce from here. A break below 1.5837 may open up to target the next daily support zone @ 1.5704..

No longer term longs for me, unless we break back above 1.5986, with the first hurdle being the weekly open @ 1.5977. We remain in bearish territory until the above mentioned level goes.

Entering short @ 1.5935 SL 1.5985

Wish you all the best.

Regards
Hey tau, how goes it , the weekly open area has a few things there today , daily pivot and weekly pivot in the same vicinity with the hourly 200 creeping just above that . A little longer view shows price basically on the monthly pivot . Holding short from just above the monthly open close area to see if we take a crack at the 8 hour 200. Seems monthly pivot holding it up a bit here but time will tell, cheers
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  • #264,902
  • Nov 22, 2010 11:12pm Nov 22, 2010 11:12pm
Quoting Magix
Eleventy billion dollars!

Muwahahahahahahaha....

Going to hold to see if we retrace the basement for London and gauge from there.

If I get a cross signal or long signal for anything longer then a 5m chart, will drop this biznatch like a hot potato.
lol, pocket change for you my friend ha ha
  • #264,903
  • Nov 22, 2010 11:13pm Nov 22, 2010 11:13pm
Quoting z3r0
Another bull setup..
Possibility that the price is preparing to move in a bull channel

H1 Timeframe
Yo mang....

You working with a broker that doesn't allow selling or are you just perma bull?

Throw a 200EMA onto a 1m chart and have a look at where immediate resistance is...IF we break above that....maybe consider another bull setup...until then, you are just etch a sketching yourself into confusion....
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,904
  • Nov 22, 2010 11:16pm Nov 22, 2010 11:16pm
Quoting digger1
lol, pocket change for you my friend ha ha
Trying to save up for an island...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,905
  • Nov 22, 2010 11:18pm Nov 22, 2010 11:18pm
Quoting Magix
Trying to save up for an island...

hihihihhihih thats funny
  • #264,906
  • Nov 22, 2010 11:24pm Nov 22, 2010 11:24pm
Quoting bonus76
hihihihhihih thats funny
I like this one....

Here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,907
  • Nov 22, 2010 11:26pm Nov 22, 2010 11:26pm
is gu prepering for up move? I like to trade the red bars. Counter trend but have been a while since i have seen 1.
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  • #264,908
  • Nov 22, 2010 11:28pm Nov 22, 2010 11:28pm
Quoting digger1
Hey tau, how goes it , the weekly open area has a few things there today , daily pivot and weekly pivot in the same vicinity with the hourly 200 creeping just above that . A little longer view shows price basically on the monthly pivot . Holding short from just above the monthly open close area to see if we take a crack at the 8 hour 200. Seems monthly pivot holding it up a bit here but time will tell, cheers Attachment
Good day to you,

Hope things are peachy on your side of the world.

Thank you for your chart. Appreciated. My only real concern at present, is the secondary LTL sitting on the daily. We could jump back up too...but if we break lower here, we could move a bit...

Wish you all the best.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 32 KB
  • #264,909
  • Nov 22, 2010 11:29pm Nov 22, 2010 11:29pm
Quoting Magix
I like this one....

Here.
If you are really interested let me know , I will give a friend a little better deal. I am looking for something a little larger , my john deere toys are to big for this sand box anymore .
  • #264,910
  • Nov 22, 2010 11:31pm Nov 22, 2010 11:31pm
How would cost to buy that island. I be ur first guest
  • #264,911
  • Nov 22, 2010 11:33pm Nov 22, 2010 11:33pm
1H >>

rgds,iqyu
where did we drop from ?
http://www.forexfactory.com/showpost...&postcount=902
Attached Image (click to enlarge)
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not euphoria follower
  • #264,912
  • Nov 22, 2010 11:41pm Nov 22, 2010 11:41pm
Quoting z3r0
Another bull setup..
Possibility that the price is preparing to move in a bull channel
H1 Timeframe
Quoting Magix
Yo mang....
You working with a broker that doesn't allow selling or are you just perma bull?
Yes Magix... keep selling... If that's what your system tells you...
I know moving averages very well and something I've noticed very well is that many times moving averages will contradict chartists. What is a fact is that the price bounced at the bottom of that last channel already 12 pips up, i've set a trailing stop and it's already a win...
  • #264,913
  • Nov 22, 2010 11:47pm Nov 22, 2010 11:47pm
Quoting TauTrader
Good day to you,

Hope things are peachy on your side of the world.

Thank you for your chart. Appreciated. My only real concern at present, is the secondary LTL sitting on the daily. We could jump back up too...but if we break lower here, we could move a bit...

Wish you all the best.
Concern is probably justified to some extent , the spike lows have all been to the montly pivot ,no lower as of yet, tic chart showing an inverted head and shoulder pattern , not much follow thru as of yet . get back above the daily open it could get interesting , cheers my friend
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  • #264,914
  • Nov 22, 2010 11:52pm Nov 22, 2010 11:52pm
Quoting z3r0
Yes Magix... keep selling... If that's what your system tells you...
I know moving averages very well and something I've noticed very well is that many times moving averages will contradict chartists. What is a fact is that the price bounced at the bottom of that last channel already 12 pips up, i've set a trailing stop and it's already a win...
Listen chicken little...

Running around and drawing lines on a chart and calling bull rides every hour, at some point will make you right in your analysis...

How many charts have you posted all saying long?

We haven't busted 5m 200 yet...haven't cleared daily roll...and in the event we take a long signal, I will be on the buy side. Just not following your etch a sketch lines....

You got your methods, I got mine.

You are loading up on, micros or minis?


Different ball game cheif...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,915
  • Nov 22, 2010 11:59pm Nov 22, 2010 11:59pm
i like ur style Magix
  • #264,916
  • Nov 23, 2010 12:02am Nov 23, 2010 12:02am
toss a coin?


Attached Image
  • #264,917
  • Nov 23, 2010 12:16am Nov 23, 2010 12:16am
Where'd scuba trader go?

I figured I would have had some witty retort before the rain....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,918
  • Nov 23, 2010 12:28am Nov 23, 2010 12:28am
Quoting Magix
Listen chicken little...
Running around and drawing lines on a chart and calling bull rides every hour, at some point will make you right in your analysis...
How many charts have you posted all saying long?
You got your methods, I got mine.
You are loading up on, micros or minis?
Different ball game cheif...
Why the hell are you being a jackass for. Like you said we have different methods if I got the move why can't you just shut up and give credit for it.
I didn't sketch & sketch & sketch randomly the way you say. I looked for CONFLUENCE points and that was a strong confluence point backed by 3 patterns that you can see in the chart below.

I'm not loading up on micros. I wasn't born yesterday and I trade for some good years already with good success thanks to my strong will and dedication. You got a really bad attitude man. Seriously.

We're also here to share what we know and that's what I happily did.
The trade might have not even worked out with profit in the wave of say 100-200 pips but nonetheless... I got 20 pips from it and a win is a win.

Lastly, I don't want to argue with you, we are here to discuss trading the cable and that is what the thread should be filled with. Not with kids whining at their setups or whatever. We're both here with the same purpose so let's make some dough.

Quoting bonus76
i like ur style Magix
You're just another jackass.

CONFLUENCE: A gathering, flowing, or meeting together at one juncture or point.
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  • #264,919
  • Nov 23, 2010 12:38am Nov 23, 2010 12:38am
Quoting z3r0
Why the hell are you being a jackass for. Like you said we have different methods if I got the move why can't you just shut up and give credit for it.
I didn't sketch & sketch & sketch randomly the way you say. I looked for CONFLUENCE points and that was a strong confluence point backed by 3 patterns that you can see in the chart below.
What you failed to realize in your some years of trading is that we are still in a sell cycle. New Low during NY...Not seen by London. Trading baseball cards and smelly stickers doesn't count in this place....

Quoting z3r0

I'm not loading up on micros. I wasn't born yesterday and I trade for some good years already with good success thanks to my strong will and dedication. You got a really bad attitude man. Seriously.

We're also here to share what we know and that's what I happily did.
The trade might have not even worked out with profit in the wave of say 100-200 pips but nonetheless... I got 20 pips from it and a win is a win.
For a fella that was loading up longs all the way down to 1.5888 you sure cut them winners fast...Or wait...wasn't it a trailing stop? Shit how'd that get triggered on the mass EXODUS of buyers? Good thing your magical broker trailing stop hit you at exactly 20...confluence or confusion...confusion or contradiction?

Quoting z3r0
Lastly, I don't want to argue with you, we are here to discuss trading the cable and that is what the thread should be filled with. Not with kids whining at their setups or whatever. We're both here with the same purpose so let's make some dough.

CONFLUENCE: A gathering, flowing, or meeting together at one juncture or point.
Really, no need to argue...especially with me. Stick around a while, you will get to know why.

Best to ya on the rest of your evening Ace. Remember, in this game it is safety first...don't run with scissors, and try not to catch falling knives.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,920
  • Nov 23, 2010 12:49am Nov 23, 2010 12:49am
Quoting z3r0
Why the hell are you being a jackass for. Like you said we have different methods if I got the move why can't you just shut up and give credit for it.
I didn't sketch & sketch & sketch randomly the way you say. I looked for CONFLUENCE points and that was a strong confluence point backed by 3 patterns that you can see in the chart below.

I'm not loading up on micros. I wasn't born yesterday and I trade for some good years already with good success thanks to my strong will and dedication. You got a really bad attitude man. Seriously.

We're...
If your charting is not random then I must point out that you've missed out on the descending utl from the 5th of Nov @1.63. And price is below the monthly pvp @5926. In all honesty price is pointing for a big drop.
Magix tried to warn you of this that's all.
Thank You
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