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Cable Update (GBPUSD)

  • #270,801
  • Feb 2, 2011 4:17am Feb 2, 2011 4:17am
Today

start w/ 2 pending orders

Buy @6188 TP 6200 NO SL, Closed in <a min.
Sell @6155 TP 6143 NO SL, CANCELLED
The market go reverse 15pips before BReakout, VEry Tricky!

Yesterday LOSES FULLY COVERED, Thank GODS.

THis is the firsTime i applied this technique onto FUNDAMENTAL, somebody taught me this a week after i get into the market.

i find it useful.
I try another during EURO PPI 20mins ago, it dont work, i cancelled.
NICE TRY 4 BReak out technique, i still capture to less, due to inexperiency.
  • #270,802
  • Edited 4:47am Feb 2, 2011 4:23am | Edited 4:47am
Quoting Astroman
Of course!

IMO the odds dictate that there is intelligent life forms out there let alone UFO's.

I was just thinking of this old song when I read your post.

http://www.youtube.com/watch?v=ri0ljTPfuFQ

This half of the week has been weird. Done well playing the gaps on Sundat and it has all gone to Hell since the. Thankfully i have been eating into my losses I have been incurring since early evening Monday (EST)
i always find UFO or something like that it's a 'manipulated' picture..but who knows...,

btw are you 'Astroboy' Father??? or you astroboy that already grow, so now you change your name to 'Astroman' after get older...,
I will be the number one Manager.
  • #270,803
  • Feb 2, 2011 4:29am Feb 2, 2011 4:29am
Hello guys,


My view is,that is cable on very good projection and just is question when will drop down.I expected yesterday but i hope will see now..

I have 2 position and expext TP at 61.8,50


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #270,804
  • Feb 2, 2011 4:31am Feb 2, 2011 4:31am
I'm hitting a half century.

Astroman?

Inserted Video
  • #270,805
  • Feb 2, 2011 4:33am Feb 2, 2011 4:33am
Damn Shorts.
  • #270,806
  • Feb 2, 2011 4:42am Feb 2, 2011 4:42am
I don't know.

It used to be twice the value if USD not too far ago.
  • #270,807
  • Feb 2, 2011 5:03am Feb 2, 2011 5:03am
Little waves building bigger waves.

When the price pulls back (5-30M), drop to a lower tf
and enter again on another compression pattern (1M).

Dr. D.
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  • #270,808
  • Feb 2, 2011 5:18am Feb 2, 2011 5:18am
Quoting Petar_Serbia
Hello guys,


My view is,that is cable on very good projection and just is question when will drop down.I expected yesterday but i hope will see now..

I have 2 position and expext TP at 61.8,50


Cheers

Petar
just lil bit up maybe
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Verily, in every difficulties there is relief
  • #270,809
  • Feb 2, 2011 5:21am Feb 2, 2011 5:21am
wouldn't even think about selling before 6300 tbh.
and that weekly H&S .... told ya
Thank You
  • #270,810
  • Feb 2, 2011 5:21am Feb 2, 2011 5:21am
Quoting gsantri
I see your point.

But I wonder what if that become a support..
Like everyone talking about HS on daily tf, but how about inverse HS?
with head at Dec low and left shoulder Nov low? if that valid imo she just finished her right shoulder.. at least its heading to 6250.

Correct me if I'm wrong.

Regards
seems valid
  • #270,811
  • Edited 5:49am Feb 2, 2011 5:36am | Edited 5:49am
hi there.

hope you still are on the long side.buy still in place with TP1 level 1.6267,TP 2 at 1.6298 and TP 3 somewhere over the rainbow.....1.64 but I doubt it will go that far.

Anyway the TP 1 will be reached for sure quite soon.

Again my analysis is based on ichimocku daily chart on the CS line that draws pretty accurate the S and R levels.
primzvicious is right about that trend line but higher than 1.6267 I don't see it going....we'll adjust the rest of TP when we get there and as well on the daily MACD we will have quite soon a double top+RSI at the 70 line+stochs about to cross above the 80 line + momentum at 103...

Eliott wave confirms a drop as well.....but just be carefull when exiting the long one and engage on the short





cheers,
  • #270,812
  • Feb 2, 2011 6:14am Feb 2, 2011 6:14am
Quoting javapips
i always find UFO or something like that it's a 'manipulated' picture..but who knows...,

btw are you 'Astroboy' Father??? or you astroboy that already grow, so now you change your name to 'Astroman' after get older...,
Java...you crack me up...
All systems of divination, like music itself,work through patterns.
  • #270,813
  • Feb 2, 2011 6:24am Feb 2, 2011 6:24am
Quoting Astroman
I'm hitting a half century.

Astroman?

http://www.youtube.com/watch?v=KlkRRB290XQ
Cricket? UFO's , Hendrix????
We're supposed to be on crack Forex in here, mate. You wait Nurse Ratchett !
All systems of divination, like music itself,work through patterns.
  • #270,814
  • Feb 2, 2011 6:31am Feb 2, 2011 6:31am
Quoting kaspopsicle
Cricket? UFO's , Hendrix????
We're supposed to be on crack Forex in here, mate. You wait Nurse Ratchett !

hi Kas,

pls whts ur take on EU? i watched the GMMA compression pattern on h4 which said bulls and took a trade just now it hit pivot. makes sense?
  • #270,815
  • Feb 2, 2011 7:02am Feb 2, 2011 7:02am
Quoting lechidi
hi Kas,

pls whts ur take on EU? i watched the GMMA compression pattern on h4 which said bulls and took a trade just now it hit pivot. makes sense?
Hi lechidi, not on my screens at the mo. (doing other stuff) Will put them up now and get back to you soon.
All systems of divination, like music itself,work through patterns.
  • #270,816
  • Feb 2, 2011 7:25am Feb 2, 2011 7:25am
Might hit 1,63 (same as in November 2010) and then go doooown back to 1,54-56.. just trying to read the chart..
  • #270,817
  • Feb 2, 2011 7:26am Feb 2, 2011 7:26am
have not put the cmas onto Eur as yet. What i see is supply zone around 13861 back to 8 Oct/9 Nov. ..Strong resistance. Dont know which way you're going but could see a bounce north here at the daily pvt.as M5 has printed price 3 times as being rejected so far. Sticking my neck out here..i see a compression channel( possible consolidation) forming between DP which i have at 13971 and SBR at 13815. If i were trading today i would be scalping this channel for small pips at the mo. Hope this helps.
G/L
k
BTW just noticed you took the trade off the M4 . Best to check out LTF for accuracy of entries always imho.
All systems of divination, like music itself,work through patterns.
  • #270,818
  • Feb 2, 2011 7:53am Feb 2, 2011 7:53am
Quoting AlexejKir
Might hit 1,63 (same as in November 2010) and then go doooown back to 1,54-56.. just trying to read the chart..
then try harder my friend. take a look at the monthly, nothing there atm that suggest cable could to tank 800-1000 pips
Thank You
  • #270,819
  • Feb 2, 2011 8:00am Feb 2, 2011 8:00am
Quoting wormboy
then try harder my friend. take a look at the monthly, nothing there atm that suggest cable could to tank 800-1000 pips

and why I see only one way ticket on monthly in to 1.6650 if U guy's Agreed
  • #270,820
  • Feb 2, 2011 8:06am Feb 2, 2011 8:06am
Quoting deryworlds
and why I see only one way ticket on monthly in to 1.6650 if U guy's Agreed
Why?
please support your "ticket" with analysis and possibly a chart .That way we are all able to share.
All systems of divination, like music itself,work through patterns.
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