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Cable Update (GBPUSD)

  • #265,401
  • Nov 26, 2010 9:06am Nov 26, 2010 9:06am
Quoting kaspopsicle
Kewel.. have great weekend !
k
you too, enjoy yourself
Thank You
  • #265,402
  • Nov 26, 2010 9:08am Nov 26, 2010 9:08am
Quoting Lucky Duke
Excellent trading!

Wormboy, I'm sorry I gave you a hard time about posting the account statement. I was really fed up with the bullshit artists on the site and having a bad day. Sometimes it's hard to figure out who's for real and who's a scammer.

My apologies for getting off on the wrong foot.
don't worry about it mate, we're cool
how's trading? all great I hope
Thank You
  • #265,403
  • Nov 26, 2010 9:42am Nov 26, 2010 9:42am
Quoting egkid
Hi bro
I don't know which TF u take on it or where ur TP but take care.
I sell heavy
140 ++ , Done
  • #265,404
  • Nov 26, 2010 10:23am Nov 26, 2010 10:23am
Quoting hyper-fx
Hi naboo,
I agree, it seems like bears are in control, but bulls will come to rescue at some point. I was checking historical Thanksgiving on this pair, it's usually a sell off. So, I may be wrong. if the current support holds, we'll see upswing, if not, watch out down below.

Hyper-fx

As I said, if the support is broken confluenced by historical data on Thanksgiving days, the bottom fell out. We now need a good return back up that will beat at least a 5' swing (5650 area) to retrace North. Until then, it will continue to drop.

Hyper-fx
  • #265,405
  • Nov 26, 2010 11:02am Nov 26, 2010 11:02am
Long @ 1.5606
SL 1.5570
TP 1.58

Reason nice hammer on the hourly
  • #265,406
  • Nov 26, 2010 11:34am Nov 26, 2010 11:34am
Quoting Dayboy001
Long @ 1.5606
SL 1.5570
TP 1.58

Reason nice hammer on the hourly
2nd time i've done one of these.. Why? On a little hammer on the 1hr 17.25 gmt on a friday evening.Dont follow me but dont follow this poster either. ...drum roll ,,, for the bigger picture...
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #265,407
  • Nov 26, 2010 12:34pm Nov 26, 2010 12:34pm
Daily...
Another bottom picking punt!....Will close if we stay below this ltl
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  • #265,408
  • Nov 26, 2010 12:36pm Nov 26, 2010 12:36pm
hopefully a hammer on 1hour is not your only reason matey .. the way i see it : it will go up but maybe not all the way until 1.58xx
  • #265,409
  • Nov 26, 2010 12:58pm Nov 26, 2010 12:58pm
was holding overnight stopped..worst week in 4 months but still up on month.. drawdown manageable..

long 15610.

gl all

have a good w/e
  • #265,410
  • Nov 26, 2010 12:59pm Nov 26, 2010 12:59pm
Quoting naboo
was holding overnight stopped..worst week in 4 months but still up on month.. drawdown manageable..

long 15610.

gl all

have a good w/e
still up on month? that's excellent man.
Enter Signature
  • #265,411
  • Edited 1:33pm Nov 26, 2010 1:21pm | Edited 1:33pm
Quoting vosterfxandy
still up on month? that's excellent man.
hi vosterfxandy. thanks... as i say worst week ive had so far.. but still +35% at sensible risk levels..

however still work in progress. so don't do this at home kids.this may be the norm..who knows?
  • #265,412
  • Nov 26, 2010 3:11pm Nov 26, 2010 3:11pm
Ok Shop shut...positive on the day and on the week,although a short and hold from Monday LO till now would have been much better ; a 2 hour DD of 45 pips followed by a nice 450 pip gain...

Isn't hindsight so wonderful
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  • #265,413
  • Nov 26, 2010 4:13pm Nov 26, 2010 4:13pm
Quoting chazzle
Ok Shop shut...positive on the day and on the week,although a short and hold from Monday LO till now would have been much better ; a 2 hour DD of 45 pips followed by a nice 450 pip gain...

Isn't hindsight so wonderful

Yeh lol, watched the close (very close to the daily lo) - right on the 61.8% of the 5120-6297 daily swing and a 195 pip fall today, (129% of the 20 day average pip range.) A perfect Bearish thrust candle results on the Daily and another weekly bearish candle. With just 2 x trading days left of this month, the Monthly candle is very likely to close bearish and could indeed be a bearish engulfing candle.

2 x LH now on daily t/f and a LL when a fractal swing forms on this t/f, this below the last HL on the weekly-resulting now in a L on the weekly when a fractal forms on that t/f...daily is shown below.

Re Hindisight comment, I always liked the quote below .

More downside in this pairing next week ?

G/L
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Attached Image
ex member
  • #265,414
  • Nov 26, 2010 4:24pm Nov 26, 2010 4:24pm
Quoting kaspopsicle
2nd time i've done one of these.. Why? On a little hammer on the 1hr 17.25 gmt on a friday evening.Dont follow me but dont follow this poster either. ...drum roll ,,, for the bigger picture...
Despite FEAS; on the basis of one candle, it's a very brave trade. But as Kas says, at this time of night, on this day of the week, with this liquidity, and on this week, it's hard to take this as a serious trade suggestion.
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The dream will never die
  • #265,415
  • Nov 26, 2010 5:08pm Nov 26, 2010 5:08pm
Take a look at yesterday Chart
Remember what i said yesterday. Although the macd crossing is Bullish the CCI, Momentum, Ichimoku Kinko Hyo are still at the Bearish signal. I said the Trend will may moving Bearish.

Take a look at my 4 hour chart today
http://preview.shareapic.net/preview7/023959415.gif
The MACD Crossing Alert is have a new Bearish Arrow. on Nov 26 8:00
Every indicator is match so I Short GBP/USD today.

Close look at Momentum
yesterday the momentum is 99.60. Today the price is still the same.
http://img24.imageporter.com/i/00157/wfub0ef93v4s_t.jpg

CCI yesterday is -82 today is -174.00
http://img1.imagehyper.com/t/0/0/282...8-fe67f7dd.gif

Looking at the THV HA Red candlestick and it crossing below Ichimoku Kinko Hyo. Every indicator is match to place a trade yesterday on 6:00 GMT.

See you next week!

Quoting leoforex
This is a 4 hour chart.
did you see the green arrow on the chart?
it is a MACD crossing alert. I am using 12, 26, 9 on MACD.

(Click the image to enlarge)

Although you see the macd have a Bullish signal, some other indicator didn't have a Bullish signal.

Chart http://www.shareapic.net/content.php...er=newleoforex

1. Ichimoku Kinko Hyo: The red Bearish Thv3 HA candlestick didn't break the Ichimoku Kinko Hyo

2. Momentum: Although the momentum...
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  • #265,416
  • Nov 27, 2010 2:45am Nov 27, 2010 2:45am
cable looking over extended to the downside on my chart.
box size is 23 pips.10 min data input.data plot is on close price,not hilo
a long thrust column downwards "o" columns with no recoil.the breakdown was 1.5940 area.the numbers are the dates of this month.the price action is telling us thet there could be some recoil.ie where the coumns reverse and go to "x" s

http://i52.tinypic.com/15fooow.gif
  • #265,417
  • Nov 27, 2010 3:44am Nov 27, 2010 3:44am
Quoting dentist007
cable looking over extended to the downside on my chart.
box size is 23 pips.10 min data input.data plot is on close price,not hilo
a long thrust column downwards "o" columns with no recoil.the breakdown was 1.5940 area.the numbers are the dates of this month.the price action is telling us thet there could be some recoil.ie where the coumns reverse and go to "x" s

http://i52.tinypic.com/15fooow.gif

why would u go long on pound there is clear downtrend direction. Check daily , weekly , h4, h1.
  • #265,418
  • Nov 27, 2010 4:02am Nov 27, 2010 4:02am
agree..
no signal to go long as yet.however,if there is an overextension,there can be some recoil
  • #265,419
  • Nov 27, 2010 4:18am Nov 27, 2010 4:18am
however,there is some support at 1.5580 area
this chart shows the downtrend that started on 22 november.the supp and res show up very nicely.so,it could possibly recoil from this area,if the bulls are powerful enough.too early to tell as yet

http://i56.tinypic.com/2yws2ly.gif
  • #265,420
  • Nov 27, 2010 4:20am Nov 27, 2010 4:20am
a very orderly down move.nice and easy to trade.all i am doing is just filtering the noise out of the price action
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