the b*tch might be turning..
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Cable Update (GBPUSD)
- #275,081
- Mar 31, 2011 6:10am Mar 31, 2011 6:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #275,082
- Mar 31, 2011 6:38am Mar 31, 2011 6:38am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #275,089
- Mar 31, 2011 7:15am Mar 31, 2011 7:15am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
Don't think! React to price action! Trade what you see, not what you think!
Deeply Honoured.
All systems of divination, like music itself,work through patterns.
- #275,090
- Mar 31, 2011 7:18am Mar 31, 2011 7:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Don't think! React to price action! Trade what you see, not what you think!
- #275,092
- Mar 31, 2011 7:25am Mar 31, 2011 7:25am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Thanks Brian, i've only just noticed.....i still dont see that i deserve it ...but will try even harder to live up to it.
Deeply Honoured.
- #275,097
- Mar 31, 2011 7:42am Mar 31, 2011 7:42am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #275,098
- Mar 31, 2011 7:48am Mar 31, 2011 7:48am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
frankly I still think we will go to the 1.614 first as the H4 cross is nearly done.if that one will be done there's little else to stop a move to that level first.
second level is 1.62 and maybe 1.625 before another down
only time will tell when we will drop to 1.575 at least but we will be there at one point.
nAVIN-I guess I earned the vouch for yesterday
for today I have no clue yet as I just arrived in the office and I can barely see the charts.back home the laptop crashed(it normally crashes) and cannot start mozilla or explorer on it .I guess I will have to reinstall the OS again.
But as I can see on H1 chart we will go down a bit more and then up again
- #275,099
- Edited 12:26pm Mar 31, 2011 7:58am | Edited 12:26pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
and this is the reason for this massive drop
As I mentioned in some previous posts ichi means equilibrium so what goes up must come down.YEsterday we had a big moove up in order to cross the lines on H4 and it was a more up move than up and down and this caused this blue line to lay flat there and attract the price.
as you can see on H4 the price went down to it .Rsi is still not up to 70 so need to go up more but stochs is at max.
the down move was caused by the attraction and the R level hit.
we will still have the 1.64 I am afraid.there is a nice galleon forming now with that green cloud so.......we'll see by tmr but I still stick to my bad NFP for USD.
I'm long(apart for the rest of my longs with TP 1.64) with first TP 1.608,1.61,1.612
As I mentioned in some previous posts ichi means equilibrium so what goes up must come down.YEsterday we had a big moove up in order to cross the lines on H4 and it was a more up move than up and down and this caused this blue line to lay flat there and attract the price.
as you can see on H4 the price went down to it .Rsi is still not up to 70 so need to go up more but stochs is at max.
the down move was caused by the attraction and the R level hit.
we will still have the 1.64 I am afraid.there is a nice galleon forming now with that green cloud so.......we'll see by tmr but I still stick to my bad NFP for USD.
I'm long(apart for the rest of my longs with TP 1.64) with first TP 1.608,1.61,1.612
