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Cable Update (GBPUSD)

  • #300,621
  • Feb 15, 2012 7:47am Feb 15, 2012 7:47am
Quoting Faller



All good.....I scratch my head a lot when I read people's posts here.
Didn't you call a gravestone the other week bro? I don't follow candle sticks as much as TL's except for lower timeframe reversal patterns such as 1 and 4 hour, so I maybe mistaken
Come with me if you want to live....
  • #300,622
  • Feb 15, 2012 7:52am Feb 15, 2012 7:52am
Still waiting for 5810, going to bed, it's too late here. SL below yesterday's low. It seems to me we have found some support at the 38 retrace, 200ema, top of the previous weekly cluster before the bull.
Come with me if you want to live....
  • #300,623
  • Feb 15, 2012 7:56am Feb 15, 2012 7:56am
Quoting Ill-b-back
Still waiting for 5810, going to bed, it's too late here. SL below yesterday's low
  • #300,624
  • Feb 15, 2012 8:03am Feb 15, 2012 8:03am
Quoting Faller
You are confused....a falling wedge pattern is a bullish pattern.

See here for more info is you don't believe me - http://stockcharts.com/school/doku.p...:falling_wedge
True...
I admit still in doubt due to studies of the Summit Candle is not at 100% as in Link Site your given...

Because there are some of the TOP (marked with RED Crosscheck)
Need more Confirm a Lot...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-13_ Falling Wedge.jpg Size: 309 KB
Always looking the GREAT, never left GOOD Point...
  • #300,625
  • Feb 15, 2012 8:17am Feb 15, 2012 8:17am
Quoting MonsterPips
i have both buy and sell positions open. but not sure which one will go first. but to me, both bearish and bullish are correct at the moment.
because SMA/BB daily(period 96-Flat)
Attached Image (click to enlarge)
Click to Enlarge Name: flat.jpg Size: 119 KB
  • #300,626
  • Feb 15, 2012 8:22am Feb 15, 2012 8:22am
Cable peaked last week at 1.5925 and has been falling ever since.

It has got through the strong S/R line of 1.5730 (+/- 10 pips) and remains below it. However, has rebounded off lower limit of next strong S/R line of 1.5655 (+/- 5 pips and +/- 15 pips) and, indeed, didn't even touch lower limit of 1.5640. Since testing that low and rebounding, it has not touched the upper limit of the this S/R line (i.e. 1.5670).

It seems, therefore, that the week-long downtrend ended yesterday and Cable will reverse back up to 1.5860 and, if through that, all the way up to 1.6000.
  • #300,627
  • Feb 15, 2012 8:32am Feb 15, 2012 8:32am
Quoting bguguen
IMHO fuck patterns...
Patterns are designed to confused the shit out of people... just trade your tactics and stick to them instead of getting confused with this...


May I know... you use in addition to reading the Charts ?

In my opinion, Chart Pattern is Result Records the most easy to Learn (compared to the Elliot Wave or other)

Perhaps, you will change your mind after reading the e-book my Posted #13 in
http://www.forexfactory.com/showthre...42#post3885742

Who knows ???
Always looking the GREAT, never left GOOD Point...
  • #300,628
  • Feb 15, 2012 8:44am Feb 15, 2012 8:44am
Quoting Faller

Or maybe I will do it for you........Hey TSAR......bguguen wants to tell you "IMHO fuck patterns"

Have a nice day.

Faller
If He don't understand about Chart Pattern as BASIC.
How can Learn Chart Pattern Advance like Harmonic Pattern or the others ?

Cheers...
Always looking the GREAT, never left GOOD Point...
  • #300,629
  • Feb 15, 2012 9:59am Feb 15, 2012 9:59am
Quoting Ill-b-back
Didn't you call a gravestone the other week bro? I don't follow candle sticks as much as TL's except for lower timeframe reversal patterns such as 1 and 4 hour, so I maybe mistaken

never called a gravestone before - I talk about price action and price levels and how they interact with moving averages and then I observe a few simple indicators to compare price action with the level of the indicator - that is pretty much what I talk about - but hey....if you want to go back through my posts and prove me wrong - it is fine with me!!!

Cheers Bro!

Faller
I don't trust any move - when you have profit...take it.
  • #300,630
  • Feb 15, 2012 10:27am Feb 15, 2012 10:27am
Quoting Tsar


May I know... you use in addition to reading the Charts ?

In my opinion, Chart Pattern is Result Records the most easy to Learn (compared to the Elliot Wave or other)

Perhaps, you will change your mind after reading the e-book my Posted #13 in
http://www.forexfactory.com/showthre...42#post3885742

Who knows ???
Well sorry sometimes the easiest to learn is the easiest to make mistakes with...
I myself use MACD crossovers to determine the direction of which the market goes, often using 1H chart
and RSI to determine the strength of the moves when a MACD crossover happens
I also use Fib retracement levels too.. charted on the daily chart
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,631
  • Feb 15, 2012 10:39am Feb 15, 2012 10:39am
Quoting Tsar
Hi Faller,

I learn Candlestick from Steve Nison as Master, not from Link Website...
One this book in my Post #300613

Gravestone Doji have 2 Formation, one is BEARISH and the Other BULLISH.

Gravestone Doji BEARISH called when 3 Candles Before is Tren UP
or Opposite with Picture in http://www.candlesticker.com/Cs34.asp

Gravestone Doji BULLISH like Picture in http://www.candlesticker.com/Cs34.asp



Candle...
Gravestone Doji BEARISH :
Found it in http://www.candlesticker.com/Cs46.asp
Always looking the GREAT, never left GOOD Point...
  • #300,632
  • Feb 15, 2012 11:30am Feb 15, 2012 11:30am
Quoting bguguen
Well sorry sometimes the easiest to learn is the easiest to make mistakes with...
I myself use MACD crossovers to determine the direction of which the market goes, often using 1H chart
and RSI to determine the strength of the moves when a MACD crossover happens
I also use Fib retracement levels too.. charted on the daily chart
Apology accepted
I also studied the Indicator as a supporter from the Easiest, as Stoch, MACD and RSI.
Among the three Indicators above, the MACD is the Hardest.

All of the above Indicators have advantages & disadvantages of each.
Based on my experience in using the Indicators above then I'd focus on Indicators in the Main Chart.

I studied Fibonacci too (after Candlestick, S/R & Chart Patterns) and other.
But I also discovered his weakness too...
Indeed ALL Automatic Indicator is Not Perfect due to the Program.

Until Today, I still continue to Learn. And I'm not Teacher and Perfect Trader. I still learn from Senior Traders in FF.
I wish in this Forum... We can exchange Opinions, Support each other, add Experience & to be Winning Trades
Always looking the GREAT, never left GOOD Point...
  • #300,633
  • Feb 15, 2012 11:38am Feb 15, 2012 11:38am
Quoting abdul_halim
because SMA/BB daily(period 96-Flat)
and testing the Monthly (1920)
.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly-ma.gif Size: 16 KB
  • #300,634
  • Feb 15, 2012 11:42am Feb 15, 2012 11:42am
Quoting Ill-b-back
Didn't you call a gravestone the other week bro? I don't follow candle sticks as much as TL's except for lower timeframe reversal patterns such as 1 and 4 hour, so I maybe mistaken
Based on my experience... :nerd:
Candlestick Patterns effective valid from H1 Chart and above.
Always looking the GREAT, never left GOOD Point...
  • #300,635
  • Feb 15, 2012 12:21pm Feb 15, 2012 12:21pm
GU down till..
Attached Image (click to enlarge)
Click to Enlarge Name: gug.png Size: 34 KB
Daytrader
  • #300,636
  • Feb 15, 2012 12:32pm Feb 15, 2012 12:32pm
Quoting Faller
never called a gravestone before - I talk about price action and price levels and how they interact with moving averages and then I observe a few simple indicators to compare price action with the level of the indicator - that is pretty much what I talk about - but hey....if you want to go back through my posts and prove me wrong - it is fine with me!!!

Cheers Bro!

Faller
Sorry bro, just remembered, it was a death cross. You can understand my mix up though
Come with me if you want to live....
  • #300,637
  • Edited 12:47pm Feb 15, 2012 12:36pm | Edited 12:47pm
Quoting Ill-b-back
Still waiting for 5810, going to bed, it's too late here. SL below yesterday's low. It seems to me we have found some support at the 38 retrace, 200ema, top of the previous weekly cluster before the bull.
It's too Late 1.38 AM in my Country...
I will go to Bed Now

G/L
Always looking the GREAT, never left GOOD Point...
  • #300,638
  • Feb 15, 2012 1:45pm Feb 15, 2012 1:45pm
Quoting Ill-b-back
Sorry bro, just remembered, it was a death cross. You can understand my mix up though

mix up? a death cross is a term used when moving averages cross....and like I said I use price action, move averages etc......

still luv ya man! but not that kind of luv!


Faller
I don't trust any move - when you have profit...take it.
  • #300,639
  • Feb 15, 2012 2:11pm Feb 15, 2012 2:11pm
Quoting Faller
mix up? a death cross is a term used when moving averages cross....and like I said I use price action, move averages etc......

still luv ya man! but not that kind of luv!


Faller
Gravestone - (DEATH)cross, wasnt trying to be smart, I just had not heard the terms before, so got mixed up. We are at a tipping point I feel, further up and she could fly, a decisive break below this support could see a big drop, so I was wanting to be clear on others interpretations of where we are at, particularly when terms are being used that I don't understand. Luv you too bro
Come with me if you want to live....
  • #300,640
  • Feb 15, 2012 2:17pm Feb 15, 2012 2:17pm
Quoting PoundTrader
How are you bro?
Come with me if you want to live....
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