Bro Next Time I think better if U put Ur Chart a long with Ur analysis , That will be great
Byee
Don't compare your Trades with Others
Cable Update (GBPUSD)
- #287,921
- Aug 31, 2011 5:15pm Aug 31, 2011 5:15pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
- #287,922
- Aug 31, 2011 5:20pm Aug 31, 2011 5:20pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
last buy unless it drops like crazy
this is all the result of the broadening triangle..
and according to my analysis if it is diamond then be ready for huge move down,
Chart analysis says diamond always results in making down move large moves some times.. its 80% accurate,
according to the book i read was very helpfull book on technical analysis..
if it is what i saw then this diamond if broken down side then bulls will be in real trouble,
if broken in 4H chart and confirmed then you can see 200 pips move down..
lets see if it diamond breaks downside or not..
See you tomorrow guys
but buying GBPUSD now became to me a question didn't saw this actually didnt draw anything on charts today i was focused on GBPCHF thats why.
we will get answer soon.
Take Care guys.
Good Night to me..
byee
Don't compare your Trades with Others
- #287,923
- Aug 31, 2011 5:24pm Aug 31, 2011 5:24pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
Don't compare your Trades with Others
- #287,924
- Aug 31, 2011 5:28pm Aug 31, 2011 5:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nice Chart buti call it Diamond you just drew perfect Diamond
and according to my analysis if it is diamond then be ready for huge move down,
Chart analysis says diamond always results in making down move large moves some times.. its 80% accurate,
according to the book i read was very helpfull book on technical analysis..
if it is what i saw then this diamond if broken down side then bulls will be in real trouble,
if broken in 4H chart and confirmed then you can see 200 pips move down..
lets see if it diamond breaks downside or not..
See you...
yes yur right but it should give one leg up first..in theory 3 touches form a trendline so its not actually a diamond unless this holds to form the tendline
have a good night..im off as well
- #287,925
- Aug 31, 2011 10:43pm Aug 31, 2011 10:43pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,926
- Aug 31, 2011 11:56pm Aug 31, 2011 11:56pm
last buy unless it drops like crazy
this is all the result of the broadening triangle..
last buy unless it drops like crazy
this is all the result of the broadening triangle..
Let me tell U a lot of people can not do that and they dont know what is that mean for the PA....
I will explain with my limited Knowledge:
1. Price made a "Descending Triangle" when this Formation most of the time make a Breakout through the Down Side at least as high as the triangle...But it also the Price used to break on the opposite (rare to happen)..
Then in our case now the Price didnt Break through the down side but it goes up (but not the break out) and make a consolidation what it calls "A Top Diamond " formation (that u drew in the second one) that sign for reversal movement in this case " Bearish Movement" at least as high as the diamond formation...
What people Used to make a mistake is they use to analyze the Diamond formation that will be a "head and Shoulder" formation so they prepare to go up to make the othe shoulder but the price make a breakout to tyhe downside since its a diamond formation break...
Let see for our case who know
Thanks for the great Chart
- #287,928
- Sep 1, 2011 12:11am Sep 1, 2011 12:11am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
waiting 
where will 1h candle close ? once close below blue light line....looks like we will hit / touch green area and back to blue light line again before next move. but who knows
not euphoria follower
- #287,930
- Sep 1, 2011 2:55am Sep 1, 2011 2:55am
Alhamdulillah I'am Out +76 pips in euro chf for shorting.. I am not Brave Enough , My entry was in the midle of the run this morning 
.. Chicken Me 
it does goes down more..!!!
The News about the SNB wanna pledge on the euro to set the new low level it does really bothering my trade in Euro CHF..!!!!
I should not read the news anymore those guys just wanna make a noisy of our analysis..!!!
as U can see today the news about retail sales for CHF is going really bad though it should be goes Up right but the CHF is going more down, So whaat the case..???
Only Chart can give us a clear picture what would be happen not any other things else..!!
I'am Out +76 pips in euro chf for shorting.. I am not Brave Enough , My entry was in the midle of the run this morning .. Chicken Me it does goes down more..!!!The News about the SNB wanna pledge on the euro to set the new low level it does really bothering my trade in Euro CHF..!!!!
I should not read the news anymore those guys just wanna make a noisy of our analysis..!!!
as U can see today the news about retail sales for CHF is going really bad though it should be goes Up right but the CHF is going more down, So whaat the case..???
Only Chart can give us a clear picture what would be happen not any other things else..!!
- #287,931
- Sep 1, 2011 2:59am Sep 1, 2011 2:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Bro What I can say To Ur drawing Trend Line:..AWESOME..!!!!!!
Let me tell U a lot of people can not do that and they dont know what is that mean for the PA....
I will explain with my limited Knowledge:
1. Price made a "Descending Triangle" when this Formation most of the time make a Breakout through the Down Side at least as high as the triangle...But it also the Price used to break on the opposite (rare to happen)..
Then in our case now the Price didnt Break through the down side but it goes up (but not the break out) and make a consolidation...
no problem, welcome
yes the minute i noticed a broadening traingle i was thinking this will be complicated..it looks as if its broken out but its also sitting on former support..not looking good for me thou
- #287,933
- Sep 1, 2011 3:19am Sep 1, 2011 3:19am
Whaat a boost short in Euro Chf.. Two times already , yesterday and today I was there in Shorting but I closed too fast because of worry that SNB will kick out all the bears a way, suddenly..!!
we call in bahasa : Alhamdulillah inilah rejeki hari ini / Alhamdulillah this is my sustenance for today..!!
I'm Happy
we call in bahasa : Alhamdulillah inilah rejeki hari ini / Alhamdulillah this is my sustenance for today..!!
I'm Happy
- #287,934
- Sep 1, 2011 3:19am Sep 1, 2011 3:19am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #287,935
- Sep 1, 2011 3:22am Sep 1, 2011 3:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i have to say this trade im in..reminds of my demo days has to be one of the worse trade decision ever
seems to me that buy signals are not being respected, they all failing..
seems to me that buy signals are not being respected, they all failing..
- #287,936
- Sep 1, 2011 3:25am Sep 1, 2011 3:25am
i have to say this trade im in..reminds of my demo days has to be one of the worse trade decision ever
- #287,937
- Sep 1, 2011 3:26am Sep 1, 2011 3:26am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
- #287,938
- Sep 1, 2011 3:34am Sep 1, 2011 3:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
C'Mon Bro U have an incredible skill in drawing the trend lines that is what we need in trading..
im not worried bro..at all
just upset with myself i didnt stick to original plan all because of low liquidity..i thought they be an opportunity to see 1.64 at least..we still will but concerned about normal trading resuming after holiday
it could fall if usd breakout..i dont think it will..lets see
will this range hold true??
- #287,939
- Sep 1, 2011 3:44am Sep 1, 2011 3:44am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
i rather this..and gbp strength drop..then that trendline going
I'm pretty sure she will print current monthly high at least around 1.64 or right shoulder of daily HS if its forming then
btw, what chart is that ? never noticed usdx with such price..
- #287,940
- Sep 1, 2011 3:46am Sep 1, 2011 3:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Don't worry my friend, It just the beginning of the month.
I'm pretty sure she will print current monthly high at least around 1.64 or right shoulder of daily HS if its forming then
btw, what chart is that ? never noticed usdx with such price..
usdlfx i find its works quite well
http://www.straighthold.com