Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Cable Update (GBPUSD)
- #266,401
- Dec 13, 2010 7:56am Dec 13, 2010 7:56am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
- #266,402
- Dec 13, 2010 7:57am Dec 13, 2010 7:57am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,061 Posts
UTL and H4 200 on EJ right now...Cable, I gunna leave alone but gunna chance a little Euro short action here....
- #266,403
- Dec 13, 2010 8:04am Dec 13, 2010 8:04am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Its not quite at the 618 level from the abc pattern at the bottom tho , tht would be a tgt for sure so keep it light
Closing the charts down on Friday here, I never been much of an Xmas trader...
What bout chu dig, you trade right up until Xmas eve?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #266,404
- Dec 13, 2010 8:05am Dec 13, 2010 8:05am
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #266,406
- Dec 13, 2010 8:08am Dec 13, 2010 8:08am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,061 Posts
- #266,407
- Dec 13, 2010 8:34am Dec 13, 2010 8:34am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #266,408
- Dec 13, 2010 8:39am Dec 13, 2010 8:39am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,061 Posts
- #266,409
- Dec 13, 2010 8:41am Dec 13, 2010 8:41am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
well this little pattern is what I was watching , just wouldnt stay below the quarterly open , pretty good sized pattern , eur rocketing on up and the dollar beginning to start lower after its drop back thru the hourly 200 , was worth a shot , hope you got your stp to break even before the spike Attachment
It was stopped out but got it back on that long
Thanks for heads up
- #266,410
- Dec 13, 2010 8:43am Dec 13, 2010 8:43am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,061 Posts
It was stopped out but got it back on that long
Thanks for heads up
- #266,411
- Dec 13, 2010 9:18am Dec 13, 2010 9:18am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
ah no worries , glad you got it back.
c u tomorrow. G/L.
- #266,412
- Dec 13, 2010 9:24am Dec 13, 2010 9:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
preview
Thank You 
- #266,413
- Dec 13, 2010 9:27am Dec 13, 2010 9:27am
- | Joined May 2009 | Status: Trader | 1,124 Posts
Looking at the daily chart it seems to have enough strength to maybe reach the 61.8% at 1.5986? The 50% is at 1.5892 so needs to break that area first though. Then there's the 76.4% / trendline. Anyway just trying to paint a bigger picture for the next few days. Not daring to even scalp this thing tonight so hopefully catch you at LO.
You've got to be IN IT to WIN IT!
- #266,414
- Dec 13, 2010 10:36am Dec 13, 2010 10:36am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #266,415
- Dec 13, 2010 11:24am Dec 13, 2010 11:24am
- | Joined May 2009 | Status: Trader | 1,124 Posts
Hi Guys, a little bored so wanted to show you something. No indicator in the world is 100% guaranteed but still wanted to show you a little on the parabolic sar on the 1H to see if it can help anyone (although I am a beginner myself and no expert whatsoever). When the parabolic sar broke on the hour it produced the following pips:-
Starting from left to right on the chart below:
Approx 180 pips
Approx 122 pips
Approx 123 pips
Approx 78 pips
Approx 100 pips.
These pips are only in the UP direction so downward breaks are not included here but if included then even more pips.
On the right hand (BLUE arrow) the present 1H direction is quite powerful so rather than shorting from here, I will wait for the parabolic sar to break before taking a short. Hope the above helps. We are all students so any feedback will be appreciated.
Starting from left to right on the chart below:
Approx 180 pips
Approx 122 pips
Approx 123 pips
Approx 78 pips
Approx 100 pips.
These pips are only in the UP direction so downward breaks are not included here but if included then even more pips.
On the right hand (BLUE arrow) the present 1H direction is quite powerful so rather than shorting from here, I will wait for the parabolic sar to break before taking a short. Hope the above helps. We are all students so any feedback will be appreciated.
You've got to be IN IT to WIN IT!
- #266,420
- Edited 6:02pm Dec 13, 2010 5:47pm | Edited 6:02pm
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Daily - Possible sloping head and shoulders - I'm going short with a stop just above this red DTL which touches the tips of both shoulders
I don't know if the up move has finished yet. you mean it is forming the right shoulder. I kind of confuse determining the neck line, maybe too early for me. stochastic has not cross yet. and i think you're not scalping it on D1 are you?
Just a thought. Good luck. Regards
EDIT: And we have all Pivot point below from daily to monthly. it scary me lol