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Cable Update (GBPUSD)

  • #304,281
  • Mar 20, 2012 12:44pm Mar 20, 2012 12:44pm
Here is a daily chart of the pound futures.....

Notice the blue circles and compare to what is going on in the blue circle below each one.

Price makes a high Macd & Stochastics make a high....then turn over....price makes a higher high but Macd & Stochastics do not move higher then previous....finally price tried to make a higher high but was rejected and we can see how Macd is in a downtrend since February 10, 2012 and now ready to cross back over below zero......

Just something to look at....

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Pound Chart.jpg Size: 131 KB
I don't trust any move - when you have profit...take it.
  • #304,282
  • Edited 1:27pm Mar 20, 2012 12:46pm | Edited 1:27pm
Quoting Ill-b-back
Ah ha nice one. From a sellers perspective, I like that I didn't move up from the TL I drew with much permanent force and is nesting there despite decent resistance below. We have quite a bit of immediate bullish momentum to overcome before (if) it goes down and I alluded to muppet earlier today that a down move prob won't come until tomorrow because of this (IF) it goes down.
Let's see...

market takes all movement to an extreme nobody will get it easy..every1 in will have to bear the news tomorrow, to get the move..this way the weak exit and strong get rewards because they stuck to the guns..

no matter what trading will always make u face the news b4 u get the result..just an observation..this is why i said earlier we aint moving
  • #304,283
  • Mar 20, 2012 12:47pm Mar 20, 2012 12:47pm
Quoting Faller
Here is a daily chart of the pound futures.....

Notice the blue circles and compare to what is going on in the blue circle below each one.

Price makes a high Macd & Stochastics make a high....then turn over....price makes a higher high but Macd & Stochastics do not move higher then previous....finally price tried to make a higher high but was rejected and we can see how Macd is in a downtrend since February 10, 2012 and now ready to cross back over below zero......

Just something to look at....

Faller.
that worries me a bit
  • #304,284
  • Mar 20, 2012 12:49pm Mar 20, 2012 12:49pm
Quoting nAVIN2007
market takes all movement to an extreme nobody will get it easy..every1 in will have to bear the news to get the move..this way the weak exit and strong get rewards because they stuck to the guns..

no matter what trading will always make u face the news b4 u get the result..just an observation..this is why i said earlier we aint moving
Hey bro sorry man, I don't quite understand what you just said
Come with me if you want to live....
  • #304,285
  • Mar 20, 2012 12:50pm Mar 20, 2012 12:50pm
Another Chart....

If price does break down out of this crude/rough diamond pattern.....the target would be 1.5791 as a first target.....

Just something to look at....

Faller
Attached Image (click to enlarge)
Click to Enlarge Name: Diamond Break Down.jpg Size: 168 KB
I don't trust any move - when you have profit...take it.
  • #304,286
  • Mar 20, 2012 12:54pm Mar 20, 2012 12:54pm
Quoting Ill-b-back
Hey bro sorry man, I don't quite understand what you just said

tomorrow is news ..people enter today (greed)...market will only make a move once news is revealed..this way the weak will exit at a loss due to fear of news..it makes the market and people scared and the strong get rewards because they accepted the risk

I personally think my first version made more sense
  • #304,287
  • Mar 20, 2012 12:58pm Mar 20, 2012 12:58pm
Quoting nAVIN2007
tomorrow is news ..people enter today (greed)...market will only make a move once news is revealed..this way the weak will exit at a loss due to fear of news..it makes the market and people scared and the strong get rewards because they accepted the risk

I personally think my first version made more sense
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,288
  • Mar 20, 2012 1:09pm Mar 20, 2012 1:09pm
Quoting nAVIN2007
tomorrow is news ..people enter today (greed)...market will only make a move once news is revealed..this way the weak will exit at a loss due to fear of news..it makes the market and people scared and the strong get rewards because they accepted the risk

I personally think my first version made more sense
right sorry mate. Your comma between "news" and "tomorrow" threw me a bit. I thought you were using "news" as a metaphore for something else. This is not your fault bro its mine, I often do this when reading news article etc. if it doesn't make perfect sense to me what I am reading, I start looking for weird stuff that just isn't there.
Interesting to see if today closes below my TL.
Come with me if you want to live....
  • #304,289
  • Mar 20, 2012 1:38pm Mar 20, 2012 1:38pm
guys a question please:
how many times in the past we saw candles closing bearish/bullish, and the immediate second after the closing, completely reverse direction?
i have charts full of this in a lot of TF and a lot of pairs.
never noticed like this before.
is it only me?!?!
90% of traders use TA, indicators and prediction
  • #304,290
  • Mar 20, 2012 1:40pm Mar 20, 2012 1:40pm
Quoting _BBKing_
guys a question please:
how many times in the past we saw candles closing bearish/bullish, and the immediate second after the closing, completely reverse direction?
i have charts full of this in a lot of TF and a lot of pairs.
never noticed like this before.
is it only me?!?!
No, not only you bro
Come with me if you want to live....
  • #304,291
  • Mar 20, 2012 1:49pm Mar 20, 2012 1:49pm
Quoting nAVIN2007
market takes all movement to an extreme nobody will get it easy..every1 in will have to bear the news tomorrow, to get the move..this way the weak exit and strong get rewards because they stuck to the guns..

no matter what trading will always make u face the news b4 u get the result..just an observation..this is why i said earlier we aint moving
Are you long navin?
Gone to a better place
  • #304,292
  • Mar 20, 2012 1:50pm Mar 20, 2012 1:50pm
Quoting Ill-b-back
No, not only you bro
ehhehe
at least i'm not the only one...
looks really strange and surely confusing.
must be a reason for this.
maybe market is going with "auto-pilot" mode.
not certainly human!
90% of traders use TA, indicators and prediction
  • #304,293
  • Mar 20, 2012 2:00pm Mar 20, 2012 2:00pm
Quoting _BBKing_
ehhehe
at least i'm not the only one...
looks really strange and surely confusing.
must be a reason for this.
maybe market is going with "auto-pilot" mode.
not certainly human!
To be honest bro, I don't think there is anything human about this pair, it is way too precise. It is nicknamed the "terminator" for good reason. Kind of reminds me of Dulf Lungren in Rocky 4 I think when Apollo Creed is dying in the recovery room. He puts on his computer like Russian voice and says "If he dies, he dies". This pair don't give a rats about anybody and does whatever it wants slaughtering many in its path
Come with me if you want to live....
  • #304,294
  • Mar 20, 2012 2:05pm Mar 20, 2012 2:05pm
Quoting smikester
Are you long navin?
i have the same trade open i had i think 2-3 months ago..yes im long
mind u its in the red
  • #304,295
  • Mar 20, 2012 2:06pm Mar 20, 2012 2:06pm
Quoting Ill-b-back
To be honest bro, I don't think there is anything human about this pair, it is way too precise. It is nicknamed the "terminator" for good reason. Kind of reminds me of Dulf Lungren in Rocky 4 I think when Apollo Creed is dying in the recovery room. He puts on his computer like Russian voice and says "If he dies, he dies". This pair don't give a rats about anybody and does whatever it wants slaughtering many in its path
My computer comment maybe an exaggeration
Come with me if you want to live....
  • #304,296
  • Mar 20, 2012 2:13pm Mar 20, 2012 2:13pm
Quoting Ill-b-back
My computer comment maybe an exaggeration

Got your PM.....I still luv you man....please forgive me if my comments were out of character.

Luv ya....in a man kind of way...

Cheers...

Faller.
I don't trust any move - when you have profit...take it.
  • #304,297
  • Mar 20, 2012 2:24pm Mar 20, 2012 2:24pm
Quoting Faller
Got your PM.....I still luv you man....please forgive me if my comments were out of character.

Luv ya....in a man kind of way...

Cheers...

Faller.
That's ok bro, sorry if I offended you, you know it was a joke and I joke. Was just stunned a bit. I'll keep my "high" comments to myself and you keep your "horseshit" Comment
Come with me if you want to live....
  • #304,298
  • Mar 20, 2012 2:28pm Mar 20, 2012 2:28pm
Quoting Ill-b-back
That's ok bro, sorry if I offended you, you know it was a joke and I joke. Was just stunned a bit. I'll keep my "high" comments to myself and you keep your "horseshit" Comment

I don't trust any move - when you have profit...take it.
  • #304,299
  • Mar 20, 2012 2:32pm Mar 20, 2012 2:32pm
Quoting Ill-b-back
That's ok bro, sorry if I offended you, you know it was a joke and I joke. Was just stunned a bit. I'll keep my "high" comments to myself and you keep your "horseshit" Comment
I will keep.. trading!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,300
  • Mar 20, 2012 3:03pm Mar 20, 2012 3:03pm
Quoting _BBKing_
ehhehe
at least i'm not the only one...
looks really strange and surely confusing.
must be a reason for this.
maybe market is going with "auto-pilot" mode.
not certainly human!
I'm not saying we are necessarily going south long term, but the daily 200sma may require more consolidation, so maybe down-up. Who knows?
Come with me if you want to live....
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