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Cable Update (GBPUSD)

  • #275,101
  • Mar 31, 2011 8:11am Mar 31, 2011 8:11am
[quote=redbeben;4512646]and this is the reason for this massive drop

More so, how about the fact that Cable is in a megaphone (broadening top) formation on the daily, which is normally (if it plays out) bearish. From a technical standpoint, cable has now completed its major waves within this pattern.
  • #275,102
  • Mar 31, 2011 8:26am Mar 31, 2011 8:26am
[quote=Mpt;4512709]
Quoting redbeben
and this is the reason for this massive drop

More so, how about the fact that Cable is in a megaphone (broadening top) formation on the daily, which is normally (if it plays out) bearish. From a technical standpoint, cable has now completed its major waves within this pattern.
could you please send a chart as well I have no clue what a megaphone is (at least not in trading)
  • #275,103
  • Mar 31, 2011 8:26am Mar 31, 2011 8:26am
Quoting navhin
long @ 1.6082
closed -20pips..
  • #275,104
  • Mar 31, 2011 8:26am Mar 31, 2011 8:26am
Quoting bbakker
Who is your favourite?

Michelle, Brandon, Justin or one of the others?
I was scaled in for a long move but we didn't get it yet. I'm building some swing trades. I also I'm going to see Sam at an OTA all star event in Philly on the 4th.

Best Wishes
John
  • #275,105
  • Mar 31, 2011 8:31am Mar 31, 2011 8:31am
Quoting bbakker
My apologies for coming across as arrogant. What I meant to say was, you say that it is a major support. Is this because you found 1.6070 on the weekly or monthly timeframe as support?

This is what I would classify as major support, levels found on the weekly and monthly timeframes. I just wanted to know how you defined major support?

Thanks!
people need to add this goldust collection..very good contribution
  • #275,106
  • Mar 31, 2011 8:31am Mar 31, 2011 8:31am
My favorite is would be Sam and Justin but Michelle is good too.



Quoting disegnosys
I was scaled in for a long move but we didn't get it yet. I'm building some swing trades. I also I'm going to see Sam at an OTA all star event in Philly on the 4th.

Best Wishes
John
  • #275,107
  • Mar 31, 2011 8:33am Mar 31, 2011 8:33am
Quoting redbeben
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...

nice entry!
  • #275,108
  • Mar 31, 2011 9:06am Mar 31, 2011 9:06am
Quoting redbeben
could you please send a chart as well I have no clue what a megaphone is (at least not in trading)
Google is your best friend (when your PC works!)

Megaphone Top Chart Pattern
http://www.trending123.com/patterns/..._triangle.html

Megaphone Bottom Chart Pattern
http://www.trending123.com/patterns/...t-Pattern.html
  • #275,109
  • Mar 31, 2011 9:07am Mar 31, 2011 9:07am
[quote=redbeben;4512774]
Quoting Mpt

could you please send a chart as well I have no clue what a megaphone is (at least not in trading)
Megaphone (broadening top) pattern.............

http://example.recognia.com/demo/ser...&sid=131874665
  • #275,110
  • Mar 31, 2011 9:21am Mar 31, 2011 9:21am
Quoting disegnosys
I was scaled in for a long move but we didn't get it yet. I'm building some swing trades. I also I'm going to see Sam at an OTA all star event in Philly on the 4th.

Best Wishes
John
Do you have access to the OTA Traders Dashboard? They have a Pro Pick for a long swing trade on GBPUSD, but entry is at ~1.583! You should have access to the Pro Picks. PM me if you have difficulty finding it!

Brian
  • #275,111
  • Mar 31, 2011 9:27am Mar 31, 2011 9:27am
cool stuff thanks for the help

I will change my TP now from 1.64 to 2.3 that will be reached in 4 years from now on

or 1.9 in 2 years or 1.7 by the end of this year

actually yes the 1.64 is the first TP and the rest are about to come.

the calculations give me a 1.6415 in fact but I won't be greedy this time as after that 1.6415 we will have another big fall

after that fall next TP 1.67 and fall and so on


I think I had a vision
  • #275,112
  • Mar 31, 2011 9:40am Mar 31, 2011 9:40am
Hi redbehen, is ur 1.64 target expecting to be hit end of next week or next month?
  • #275,113
  • Edited 10:01am Mar 31, 2011 9:50am | Edited 10:01am
i spend a lot of time in here, and i have been informed that people have invested in fund managers and because of vouche system..people have lost money..


from today im not vouching for any1 unless i see real talent..if any1 looking to give money based on my vouche, speak to me first so i can address if my vouche was correct..

i have given many..and im guilty im afraid of not giving it real value.

im sorry if u lost money..trust nobody any1 saying they take a cut like 20%..there a wolf in sheep clothing..trading is not easy
  • #275,114
  • Mar 31, 2011 9:51am Mar 31, 2011 9:51am
Quoting monkey@forex
Hi redbehen, is ur 1.64 target expecting to be hit end of next week or next month?
hi there

how should I know

next month starts tmr so next week and next month is the same.some days are faster than others,some days have 200 pips in one move on a single direction.

I only see the charts and run some calculations.so far they have worked out

but I cannot give a time frame.
I think roughly 2-3 weeks for 1.64 but could be 4 days as well.
  • #275,115
  • Mar 31, 2011 9:56am Mar 31, 2011 9:56am
Looks like another down move to 1.5950
  • #275,116
  • Mar 31, 2011 9:59am Mar 31, 2011 9:59am
exactly
  • #275,117
  • Mar 31, 2011 10:15am Mar 31, 2011 10:15am
Yes, I have the OTA Dashboard and checked it out. I just haven't used it yet for trading. Do you like it?

Thanks,
John
Quoting bbakker
Do you have access to the OTA Traders Dashboard? They have a Pro Pick for a long swing trade on GBPUSD, but entry is at ~1.583! You should have access to the Pro Picks. PM me if you have difficulty finding it!

Brian
  • #275,118
  • Mar 31, 2011 10:45am Mar 31, 2011 10:45am
Quoting disegnosys
Yes, I have the OTA Dashboard and checked it out. I just haven't used it yet for trading. Do you like it?

Thanks,
John
It is great! 19.7% YTD gain is not to be sniffed at. Also gives you ideas and reasons as to why they are taking the trades! They update it daily and also add notes to each trade! Well worth checking on a daily basis!
  • #275,119
  • Mar 31, 2011 11:46am Mar 31, 2011 11:46am
hi again.

bbakker-I found out how to make it work faster and not to crash anymore .

Tools/Options/Charts/Max bars in History you could make it 1000 as well as Max bars in chart.

it seems to work faster now I can change the TFS

yyyhaaaaaaa

from 291,000 K it dropped to 33,000 k


weeeeeee I have a platform nowwwwwwwwww
  • #275,120
  • Mar 31, 2011 11:57am Mar 31, 2011 11:57am
Quoting joop
Hi all,
3days waiting gu touch my tp 1.61.now i waiting confirmation for hunting bear.strong resistance on h1 cs 1.6106 ,2nd level 1.6140 but it may go up a bit for bull trap.i sell now n pending sell order 1.6130 1st tp 1.5960 2nd 1.59.reason selling now bcos i have to go work.
-have a nice day n happy trading guys-
just came back from work.pending order hits,still holding my post.but change my tp 1.60.strong support around 1.5990 on h4.market may continue bearish for this moment.open my 3rd sell.with the same tp.market will rebounce back tomorrow on NFP time.gud luck n happy weekends
patient is my attitude, rushing is a dog
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