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Cable Update (GBPUSD)

  • #267,761
  • Dec 31, 2010 7:13am Dec 31, 2010 7:13am
Quoting kaspopsicle
Forgive me ..i'm on the edge here
By the positons I saw you had last night, it appears you had a very good day today.. If so excellent.
  • #267,762
  • Edited 7:29am Dec 31, 2010 7:17am | Edited 7:29am
i wrote all these levels down this morning,after collecting up my remaining marbles and havnt traded one of them . Next, and forgive me, top for this year is 1.5614. Some bulls getting p*ssd ?if so could do 1.5639 or even 1.5650.
All systems of divination, like music itself,work through patterns.
  • #267,763
  • Dec 31, 2010 7:18am Dec 31, 2010 7:18am
Quoting Ctic
Ifty,

I agree with you 100%. We all have preferences as to what we use and how we use it. Like I said every indicator has it's uses.

I said I prefer MACD. One problem (weakness) with the MACD is that PA can be moving one way and the MACD pointing to the other direction. Hence when we get the changes. I like to look at that when PA consolidates and watch the MACD to see which direction it goes to next. (Hence the crosses).

RSI is another good indicator as you point out with the overbought and oversold. The weakness I have seen with that though...
You ARE trying to down my method you evil, nasty, smelly person ........ gotcha LOL. I wouldn't take your comments to heart because we are all brothers are here to help each other (except a few individuals). Thought I'd prank you to end 2010 LOL. Keep any suggestions, comments coming as they are all important bro.
You've got to be IN IT to WIN IT!
  • #267,764
  • Dec 31, 2010 7:22am Dec 31, 2010 7:22am
why you guys going against the trend? I am staying in the sidelines
  • #267,765
  • Dec 31, 2010 7:23am Dec 31, 2010 7:23am
Quoting Ctic
By the positons I saw you had last night, it appears you had a very good day today.. If so excellent.
Thanks for the thought . Didnt leave the trade on overnight. Slowly building confidence. You are enough to make a girl pop on the spot BTW.
All systems of divination, like music itself,work through patterns.
  • #267,766
  • Dec 31, 2010 7:27am Dec 31, 2010 7:27am
Quoting Ifty
You ARE trying to down my method you evil, nasty, smelly person ........ gotcha LOL. I wouldn't take your comments to heart because we are all brothers are here to help each other (except a few individuals). Thought I'd prank you to end 2010 LOL. Keep any suggestions, comments coming as they are all important bro.

LOL... If you knew me in personally you would know I am a joker and prank master and enjoy a good prank. Speaking on the end of 2010... Where in the hell did this year go?? Granted in a way I am kind of glad this year is over and look forward to 2011.
  • #267,767
  • Dec 31, 2010 7:30am Dec 31, 2010 7:30am
Quoting Ctic
LOL... If you knew me in personally you would know I am a joker and prank master and enjoy a good prank. Speaking on the end of 2010... Where in the hell did this year go?? Granted in a way I am kind of glad this year is over and look forward to 2011.
You've got to be IN IT to WIN IT!
  • #267,768
  • Dec 31, 2010 7:40am Dec 31, 2010 7:40am
Seriously..... Did not expect this PA today. These are some big moves on a day that is typically dead... Guess people trying to get drinking money for tonight...
  • #267,769
  • Dec 31, 2010 7:47am Dec 31, 2010 7:47am
I'm riding this wave but don't have access to my normal charts... only crappy igindex for a cheeky new year spread bet.

Ultimate target was 1.5760 either today or by monday morning (UK). However, feeling like I should be getting out at this level. 5630 being a 50% fib from drop since 15th Dec.

What's your thoughts - got more legs in this or quit while ahead?
  • #267,770
  • Dec 31, 2010 7:48am Dec 31, 2010 7:48am
Quoting Ctic
Seriously..... Did not expect this PA today. These are some big moves on a day that is typically dead... Guess people trying to get drinking money for tonight...
Whether BEARS or BULLS, when GU decides to go on a rampage, it does a good job. I bet there's a lot of bears crying their eye's out ATM.
You've got to be IN IT to WIN IT!
  • #267,771
  • Dec 31, 2010 7:50am Dec 31, 2010 7:50am
cut my bear and bulled it! now riding the trend..
  • #267,772
  • Dec 31, 2010 8:00am Dec 31, 2010 8:00am
F*ck are the bulls p*ssed or what? Sensational stuff heeheee. Think i may just short a little while they all do their happy noo yeah texts
All systems of divination, like music itself,work through patterns.
  • #267,773
  • Dec 31, 2010 8:04am Dec 31, 2010 8:04am
Quoting Ifty
Whether BEARS or BULLS, when GU decides to go on a rampage, it does a good job. I bet there's a lot of bears crying their eye's out ATM.
We may see it back down from here a bit.. hit one of my MA's and fib lines here. Still don't want to go short though. I am out for the year.

C.
  • #267,774
  • Dec 31, 2010 8:05am Dec 31, 2010 8:05am
Quoting kaspopsicle
F*ck are the bulls p*ssed or what? Sensational stuff heeheee.
I would think the bulls would be rocking and the bears crying...
  • #267,775
  • Dec 31, 2010 8:08am Dec 31, 2010 8:08am
......this price action doesnt surprise me a bit.

Jim
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Click to Enlarge Name: gu.gif Size: 30 KB
  • #267,776
  • Dec 31, 2010 8:10am Dec 31, 2010 8:10am
Quoting Ctic
We may see it back down from here a bit.. hit one of my MA's and fib lines here. Still don't want to go short though. I am out for the year.

C.
Best way to be honest. I'm very glad to be on the sidelines myself otherwise would have been a bad start to 2011. Parabolic sar on the daily broken to the upside so too scary to short. I can see the 200 day MA have touched on the 4H but this PA is not to be trusted.
You've got to be IN IT to WIN IT!
  • #267,777
  • Dec 31, 2010 8:11am Dec 31, 2010 8:11am
Quoting Nene
......this price action doesnt surprise me a bit.

Jim
The only reason it suprises me is the day of the year it is. Didn't expect much today.
  • #267,778
  • Dec 31, 2010 8:12am Dec 31, 2010 8:12am
Posted this last week sometime:-


Quoting Ifty
The overall weekly/monthly trend is DOWN. However, wanted to point something out.

When the stochastics went into the oversold area, the daily retraced approx 630 pips & then 420 pips. It's entered the oversold area again. Will it retrace here again?

I was hoping for the drop to 1.5260 area which is the 50% fib from 1.42** to 1.63** but the 200 day moving average (red line) + stochastics could move it up from here back up to the black UTL.

Attachment
You've got to be IN IT to WIN IT!
  • #267,779
  • Edited 8:24am Dec 31, 2010 8:17am | Edited 8:24am
Quoting Nene
......this price action doesnt surprise me a bit.

Jim
Excellent chart..now its all done and dusted.Wot TF woz that on plz?
Me went short at 15650 4 a cuppla pips
All systems of divination, like music itself,work through patterns.
  • #267,780
  • Dec 31, 2010 8:27am Dec 31, 2010 8:27am
Cable really annoying this week. Up down up down. wtf.
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