it is ... especially when I've just missed the first 300 pipper
Cable Update (GBPUSD)
- #274,941
- Mar 29, 2011 10:36am Mar 29, 2011 10:36am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #274,942
- Mar 29, 2011 10:38am Mar 29, 2011 10:38am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
we cannot have a double bottom in place, the move hasnt even started..this weekly open was the trigger..look at the weekly chart:-
last week we broke the high of the previous last 7 weeks and now we are testing the low of the previous 7 weeks
so u simply cannot say this is double bottom (it may well be the base) but the chart suggest price is looking to try break the base..its awaiting a breakout
this is just my view point..
I value tau as a trader...
No, stop the wagon...
I am not long, nor short at the moment.. I posted an anticipation of a possible turn on the 1hr chart. I trade both ways, but allocate a bias towards a chart and towards my mind - but only for periods of time.
The average pip gain on my last 50 trades were only 13 pips per trade. I prefer scalps above longer term - due to the fact that I have limited screentime. I will be very quick to jump onto a short if my system lines up. But will also counter, reverse or change bias in an instant.
My 1hr still leans towards a move up at present ( this could be short lived as well), but I will change with it, should it indicate a continuation later in the week.
all the best to you
Regards
- #274,943
- Mar 29, 2011 10:56am Mar 29, 2011 10:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
good day to you,
No, stop the wagon...
I am not long, nor short at the moment.. I posted an anticipation of a possible turn on the 1hr chart. I trade both ways, but allocate a bias towards a chart and towards my mind - but only for periods of time.
The average pip gain on my last 50 trades were only 13 pips per trade. I prefer scalps above longer term - due to the fact that I have limited screentime. I will be very quick to jump onto a short if my system lines up. But will also counter, reverse or change bias in an instant.
My 1hr still...
- #274,945
- Mar 29, 2011 12:17pm Mar 29, 2011 12:17pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #274,946
- Mar 29, 2011 12:48pm Mar 29, 2011 12:48pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #274,947
- Mar 29, 2011 12:55pm Mar 29, 2011 12:55pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #274,949
- Edited 4:13pm Mar 29, 2011 4:02pm | Edited 4:13pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
Brilliant calls today Chaz...
Are your H4 charts IG ? i cant get your trend lines back far enough on H4 ....have tracked them on weekly... .totally spot on.
Am setting up new computer on Thurs... so apologies for random questions out of the blue.. i'm off and on at the moment.
Always knew you were one to watch but you've taken the whole packet of bisquits today.....according to the way i trade.!
Are your H4 charts IG ? i cant get your trend lines back far enough on H4 ....have tracked them on weekly... .totally spot on.
Am setting up new computer on Thurs... so apologies for random questions out of the blue.. i'm off and on at the moment.
Always knew you were one to watch but you've taken the whole packet of bisquits today.....according to the way i trade.!
All systems of divination, like music itself,work through patterns.
- #274,953
- Mar 30, 2011 1:30am Mar 30, 2011 1:30am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
two trades I entered on last week in the heat of the moment and now im stuck here watching charts that don't seem to move. The most boring week of my forex trading career.
i hear yah thou..this is enough to make watching paint dry more appealing
- #274,954
- Mar 30, 2011 2:16am Mar 30, 2011 2:16am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
in my opinion this week will be bullish for GU,GJ and EU
it's just a hunch don't follow
and this is not over yet ...I guess.there we are comming close to cross the H4 ichi
1.614 will be ours I guess and then down again....
and I still did not prepare the charts
no time sorry
- #274,955
- Mar 30, 2011 2:57am Mar 30, 2011 2:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I really am good at it
and this is not over yet ...I guess.there we are comming close to cross the H4 ichi
1.614 will be ours I guess and then down again....
and I still did not prepare the charts
no time sorry
not clear cut bro..the resistance above is quite a bit to get though
- #274,956
- Mar 30, 2011 3:08am Mar 30, 2011 3:08am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I really am good at it
I like this level for a short -
For those that prefer numbers - 1.6079-1.6090!
- #274,957
- Mar 30, 2011 3:10am Mar 30, 2011 3:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I'm new here, but I traded a lot, very glad to discuss gbp with you all.
u make the assumption in the dailly that the blue line form a channel..which is very premature as u havent seen seen 3 touches on the trendline..look at my monthly u can see we area in an area where the downtrend is still in effect..we have to close above 1.6350 at least to make yur target realistic with technicals i feel
but i can be wrong which is shown plenty of times
- #274,958
- Mar 30, 2011 3:10am Mar 30, 2011 3:10am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
not clear cut bro..the resistance above is quite a bit to get though
we still need a small fall with a bottom at 1.599X-1.60 in order to help the H4 cross.
but the upmove is not over yet and the H4 trend line was just crossed.now we need the confirmation
I just wonder which one will occur first
- #274,959
- Mar 30, 2011 3:12am Mar 30, 2011 3:12am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Until the market comes back at you and kicks you in the ging gang goolies. Don't get cocky with the market because it always wins. The best we can do is to go with the flow. Sure... it is a good feeling when we are dancing in tune with the market, but that dance will stop at some point and you want to make sure that you are close to a chair when it does.
I like this level for a short -
Attachment
For those that prefer numbers - 1.6079-1.6090!
- #274,960
- Mar 30, 2011 3:14am Mar 30, 2011 3:14am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
true but I still got some 90 pips so far and the correlation worked out
we still need a small fall with a bottom at 1.599X-1.60 in order to help the H4 cross.
but the upmove is not over yet and the H4 trend line was just crossed.now we need the confirmation
I just wonder which one will occur first
