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Cable Update (GBPUSD)

  • #302,721
  • Mar 8, 2012 7:38am Mar 8, 2012 7:38am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting A-speculator
Careful with long mate.. i reckon tomorrow will be a down day.. perhaps to 5650 imho

Thks for the advice. I'll bear that in mind. will just let my system tell me when to get out if it turn bearish.
Hindsight is useless if you never learn anything out from it
  • #302,722
  • Mar 8, 2012 8:04am Mar 8, 2012 8:04am
Quoting EDG
Thks for the advice. I'll bear that in mind. will just let my system tell me when to get out if it turn bearish.
How did your system suggest a long, may I ask? And on what time frame?
Gone to a better place
  • #302,723
  • Mar 8, 2012 8:06am Mar 8, 2012 8:06am
Quoting Zircon
Sorry i use candlesticks only.
What's the Candle signal in H4 ?
Always looking the GREAT, never left GOOD Point...
  • #302,724
  • Mar 8, 2012 8:09am Mar 8, 2012 8:09am
Quoting smikester
How did your system suggest a long, may I ask? And on what time frame?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,725
  • Mar 8, 2012 8:13am Mar 8, 2012 8:13am
Quoting Tsar
What's the Candle signal in H4 ?
actually iam waiting E.S we are in the evening right or still morning in your time local?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,726
  • Mar 8, 2012 8:17am Mar 8, 2012 8:17am
someone just killed GOLD and the Aussie... i wonder if that has anything to do with Risk aversion sentiment despite ECB's conference trying to hype things up.... lol
big boys always try to fight the flow...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,727
  • Mar 8, 2012 8:18am Mar 8, 2012 8:18am
Quoting Zircon
actually iam waiting E.S we are in the evening right or still morning in your time local?
Not need waiting E.S. I found D.C.
In my Country time 9.18 pm or GMT +7
Always looking the GREAT, never left GOOD Point...
  • #302,728
  • Mar 8, 2012 8:19am Mar 8, 2012 8:19am
Quoting Tsar
What's the Candle signal in H4 ?
Or may be engulfing patern to go fast, may be reversal until it close , am right genius?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,729
  • Mar 8, 2012 8:22am Mar 8, 2012 8:22am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting smikester
How did your system suggest a long, may I ask? And on what time frame?

I am using some form of quantitative methods...formulas and calculation..its difficult to explain like what you guys normally did with s/r, channels, breakout and all that stuff. I look at candlestick chart but I dont trade from the candlestick chart. My system just tell me that its long. Its based on 1hr tf confrimation and 4hr partial confirmation.
Anyway, right now its anybodys guess. My Long could turn to be wrong.
Hindsight is useless if you never learn anything out from it
  • #302,730
  • Mar 8, 2012 8:23am Mar 8, 2012 8:23am
Quoting EDG
I am using some form of quantitative methods...formulas and calculation..its difficult to explain like what you guys normally did with s/r, channels, breakout and all that stuff. I look at candlestick chart but I dont trade from the candlestick chart. My system just tell me that its long. Its based on 1hr tf confrimation and 4hr partial confirmation.
Anyway, right now its anybodys guess. My Long could turn to be wrong.
Appreciate ur answer, good luck man
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,731
  • Mar 8, 2012 8:23am Mar 8, 2012 8:23am
Quoting Tsar
Hi smikester,

I like with the Question about TA (Technical Analysis)
Once again, but don't give the Answer...

Or Open New thread for that. It will be Fantastic !
I'm wait for this...
No more Question again
Always looking the GREAT, never left GOOD Point...
  • #302,732
  • Mar 8, 2012 8:26am Mar 8, 2012 8:26am
Quoting EDG
I am using some form of quantitative methods...formulas and calculation..its difficult to explain like what you guys normally did with s/r, channels, breakout and all that stuff. I look at candlestick chart but I dont trade from the candlestick chart. My system just tell me that its long. Its based on 1hr tf confrimation and 4hr partial confirmation.
Anyway, right now its anybodys guess. My Long could turn to be wrong.
one thing ur indicator or system failed to realise is the rally upwards today is a stop hunt and i have said many times its a fake out to take out stops and trigger buy stops at 1.5820, once those stops are taken out... the big boys will drive this thing down so the Longs entered can bite the dust....
reason why i see this as a Stop hunt is that theres no fundamental reason for EURUSD or GBPUSD to go up like this on puff talks from ECB and bullshit talks...

Talks of this talks of that PSI deal to be blah blah... learn not to trust these bull shit and you will do great!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,733
  • Mar 8, 2012 8:34am Mar 8, 2012 8:34am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting bguguen
one thing ur indicator or system failed to realise is the rally upwards today is a stop hunt and i have said many times its a fake out to take out stops and trigger buy stops at 1.5820, once those stops are taken out... the big boys will drive this thing down so the Longs entered can bite the dust....
reason why i see this as a Stop hunt is that theres no fundamental reason for EURUSD or GBPUSD to go up like this on puff talks from ECB and bullshit talks...

Talks of this talks of that PSI deal to be blah blah... learn not to trust these bull shit...
I trade based on the moment kinda thing. Dont want to anticipate too much whether stop hunting or actual demand or supply becos to me its pure speculation and nobody is any wiser as the market is just too big to determine. I just based on my system...if the demand hits on my trigger point...i go long or short and just get out if it tells me to..whether profit or loss.
Hindsight is useless if you never learn anything out from it
  • #302,734
  • Mar 8, 2012 8:34am Mar 8, 2012 8:34am
Quoting Zircon
Or may be engulfing patern to go fast, may be reversal until it close , am right genius?
Find it by yourself...

Note :
My analysis is Correct, Bro.
1. Swing Mode Pattern
2. Calculation Harmonic Pattern need more Upward
3. Base Line too
4. Now... Candle Signal in H4
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-08_H4 Chart D.C..jpg Size: 84 KB
Always looking the GREAT, never left GOOD Point...
  • #302,735
  • Mar 8, 2012 8:35am Mar 8, 2012 8:35am
Quoting bguguen
one thing ur indicator or system failed to realise is the rally upwards today is a stop hunt and i have said many times its a fake out to take out stops and trigger buy stops at 1.5820, once those stops are taken out... the big boys will drive this thing down so the Longs entered can bite the dust....
reason why i see this as a Stop hunt is that theres no fundamental reason for EURUSD or GBPUSD to go up like this on puff talks from ECB and bullshit talks...

Talks of this talks of that PSI deal to be blah blah... learn not to trust these bull shit...
hello,
i agree about the bullshits form EZ, talks etc.... what i would like to say is that for what i see, actually, was the move down "a driven one" to take buy limits and push price up. yesterday when near 5700 price was really unable to go in lower demand. and more look what happened to the advertised "H&S".... crashed in no time. but in the same time im still searching a reason for the reversal in EU @3100. lol
just my point of view!
90% of traders use TA, indicators and prediction
  • #302,736
  • Mar 8, 2012 8:37am Mar 8, 2012 8:37am
Quoting bguguen
one thing ur indicator or system failed to realise is the rally upwards today is a stop hunt and i have said many times its a fake out to take out stops and trigger buy stops at 1.5820, once those stops are taken out... the big boys will drive this thing down so the Longs entered can bite the dust....
reason why i see this as a Stop hunt is that theres no fundamental reason for EURUSD or GBPUSD to go up like this on puff talks from ECB and bullshit talks...

Talks of this talks of that PSI deal to be blah blah... learn not to trust these bull...
i don't think the market really cares about our positions, so i think there's no stop hunting in the market. But what actually happen is how the price squared with time, find the balance, and you will know where is the turning point is.. imho
  • #302,737
  • Mar 8, 2012 8:41am Mar 8, 2012 8:41am
Quoting _BBKing_
hello,
i agree about the bullshits form EZ, talks etc.... what i would like to say is that for what i see, actually, was the move down "a driven one" to take buy limits and push price up. yesterday when near 5700 price was really unable to go in lower demand. and more look what happened to the advertised "H&S".... crashed in no time. but in the same time im still searching a reason for the reversal in EU @3100. lol
just my point of view!
from my point of view, market is like water finding its equilibrium point, you might push it upwards with a pump but when the pump stops, it will drop really quick to find the equilibrium point again.. Finding where the price imbalance in price and time is crucial in deciding the turning points.. imho.
  • #302,738
  • Mar 8, 2012 8:47am Mar 8, 2012 8:47am
its going up man... look at h4, m15
  • #302,739
  • Mar 8, 2012 8:51am Mar 8, 2012 8:51am
Quoting Tsar
Find it by yourself...

Note :
My analysis is Correct, Bro.
1. Swing Mode Pattern
2. Calculation Harmonic Pattern need more Upward
3. Base Line too
4. Now... Candle Signal in H4
D.C. is mean Dark Cloud...
Attached Image (click to enlarge)
Click to Enlarge Name: 3 in 1.jpg Size: 110 KB
Always looking the GREAT, never left GOOD Point...
  • #302,740
  • Mar 8, 2012 8:52am Mar 8, 2012 8:52am
piye kabare ?
Quoting Tsar
Find it by yourself...

Note :
My analysis is Correct, Bro.
1. Swing Mode Pattern
2. Calculation Harmonic Pattern need more Upward
3. Base Line too
4. Now... Candle Signal in H4
not euphoria follower
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