Dislikedthere will be an upmove I guess starting 1.619X but the general trend is down.
I will just go up to help the cross on the 15 min and 30 min and later 1 h and so on.
I might get the 1.6134 today if not 1.6050...flat line on H4 at 1.6048......you know what I mean
pls be carefulIgnored
Cable Update (GBPUSD)
- #270,922
- Feb 3, 2011 6:03am Feb 3, 2011 6:03am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #270,923
- Feb 3, 2011 6:11am Feb 3, 2011 6:11am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
This is all very dependant on the unemployment and other news today though right? I mean, if the numbers are good, wont that make GU go up? Or wait, if the US numbers are good that means people will be taking taking the pound and investing in dollars which would make GU go down?
told you I have no clue about fundies here....first of all I don't trust them but I belive in the power of manipulation.for example Greece that had hidden his deficit and was reporting a diff one a lot smaller
I mean the govt was so corrupted and maybe they did receive shit loads of money from investors to keep the bubble until somebody found out.
The only thing affecting the market is the colective thinking.once a sheep sees a wolf she will move away and the whole herd will follow
the sheep is the bank with money or a govt.once it moves we all follow....even if the news are in contradiction to the market move
that's why I never got involved in studying the fundies
- #270,924
- Edited 6:45am Feb 3, 2011 6:23am | Edited 6:45am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #270,926
- Edited 7:20am Feb 3, 2011 6:56am | Edited 7:20am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #270,927
- Feb 3, 2011 6:56am Feb 3, 2011 6:56am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #270,928
- Feb 3, 2011 6:58am Feb 3, 2011 6:58am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
This is all very dependant on the unemployment and other news today though right? I mean, if the numbers are good, wont that make GU go up? Or wait, if the US numbers are good that means people will be taking taking the pound and investing in dollars which would make GU go down?
do you get the picture?
you go down and balance,down and balance......
we hit the second S line now
it it brakes I guess it will target the 1.6134 but I don't know if it has time today
we are closing to 200 pips today I could have made a fortune if my broker would have had fractional TP
but this day still made me rich
) I think I will buy me an ice cream with the profit )
- #270,929
- Feb 3, 2011 7:05am Feb 3, 2011 7:05am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #270,930
- Feb 3, 2011 7:14am Feb 3, 2011 7:14am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Cable looks to be on a down atm...poor girl...
stuck between LO and 200 ema..
if she closes below 16206 M1 will look to scalp down to DP coinciding wth DR at 16187...tricky place.. expect support imho
Good place to be flat if not yet in position & best to wait for the dop or utl break imo. i/d bias is still atm bullish.
just a thought. have a good one
Thank You 
- #270,931
- Feb 3, 2011 7:30am Feb 3, 2011 7:30am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
day open is also @6190 & that little piercing pattern is holding up atm.
Good place to be flat if not yet in position & best to wait for the dop or utl break imo. i/d bias is still atm bullish.
just a thought. have a good one
my charting package is a few pips out.i have noticed this before.
am i right in thinking daily open is same thing as daily roll?
My charts have it at 16187 same as DP at 16188.
Asolutely agree best to be flat but my itchy fingers love cables times of indecision
Always thanks for your help... and many happy returns for Junior.
All systems of divination, like music itself,work through patterns.
- #270,933
- Feb 3, 2011 7:38am Feb 3, 2011 7:38am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
please be careful as the GBP strenght dropped and the USD gained some....if it continues like this it means it will confirm the 1.6050 down move
did we just have news? I was expecting some fireworks
did we just have news? I was expecting some fireworks
- #270,934
- Feb 3, 2011 7:55am Feb 3, 2011 7:55am
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #270,935
- Edited 8:11am Feb 3, 2011 8:00am | Edited 8:11am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
please be careful as the GBP strenght dropped and the USD gained some....if it continues like this it means it will confirm the 1.6050 down move
did we just have news? I was expecting some fireworks
Cable around DP 16187
i wouldnt short cable other than quick scalps untill DX holds above R3 at 7785
just a thought.
i'm an intraday trader ..rarely hold a position overnight.
All systems of divination, like music itself,work through patterns.
- #270,937
- Feb 3, 2011 8:09am Feb 3, 2011 8:09am
intersection on M25 as well and it is heading for the intersection on M30 .....and so on
do you get the picture?
you go down and balance,down and balance......
we hit the second S line now
it it brakes I guess it will target the 1.6134 but I don't know if it has time today
I could have made a fortune if my broker would have had fractional TP
but this day still made me rich
As far as "down and balance".. no, i dont have a clue what you mean.
- #270,940
- Feb 3, 2011 8:22am Feb 3, 2011 8:22am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
My trading platform, MT4, doesnt have 25M.
As far as "down and balance".. no, i dont have a clue what you mean.
sorry ment 15M but it was a typo.
go down and balance mens as ichi itself tells us by name that there has to be an equilibrium.it cannot just go down it has to come up as pullbacks to balance the whole market.
just look at the 5M chart and you will see that after each session of down candles you have a flat blue line attracting the price back up for a period of time.
now comes the interesting part .
on an up move the red line is on top of the blue line.
in order to have a reversal the red line has to cross the blue line from the top.
easy to do on the small TFS as the distance between the red and blue line is not that big (in pips I mean)
but for the higher TFS as H1 and H4 as the distance is some hundreds of pips the red line cannot keep up with the downmove so the blue line has to come up as well so they meet in between.
that;s why I say it will go down,then the price has to come up so the blue line comes up as well and the intersection is formed....and so on
I hope I explained it properly
if still not clear I can send you a simple book with ichi and how to trade it.30 pages only and it helps a lot