trap for bulls 
Cable Update (GBPUSD)
- #305,042
- Mar 27, 2012 3:16pm Mar 27, 2012 3:16pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Daily candle closes as a bearish bodied inverted hammer at 5946 after the pullback off the Daily Hi at 6000..this bearish daily candle closing despite the day before's daily candle upside breech and close above the Daily and Weekly descending trend lines. Not a fractal swing yet on the Daily at 6000 but when such occurs - if it does so at there or above it will be a HH that followed 2 HL's on that t/f, or are we in for more downside ?
Time will tell.
G/L
and also in hourly timeframes not good things to pick a position.
when this happens... usually means at least a correction down.
let's see then what will happen! 24hours left
90% of traders use TA, indicators and prediction
- #305,043
- Mar 27, 2012 3:18pm Mar 27, 2012 3:18pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
trap for bulls
anyway must be cautiuos in both directions for a while! this is for sure!!
90% of traders use TA, indicators and prediction
- #305,044
- Mar 27, 2012 3:23pm Mar 27, 2012 3:23pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
i don't know a lot about traps.... what i surely know is that this kind of scenario is usually advertised like it breakes down. while everytime i saw it in the past it broke up.
anyway must be cautiuos in both directions for a while! this is for sure!!
Come with me if you want to live....
- #305,045
- Mar 27, 2012 3:34pm Mar 27, 2012 3:34pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Yes, actually thinking the same thing. Watching 30min 100sma to validate my 4hr box from yesterday just out of interest
loosing this level could open the way for more down. and maybe the other 2 will follow.
actually i prefer look charts and see what price will tell during next hours.
can be a very dangerous day today.
let's see!
90% of traders use TA, indicators and prediction
- #305,046
- Mar 27, 2012 3:39pm Mar 27, 2012 3:39pm
to break to the upside dollar index has to weaken more and stocks have to rally further ...i think it is more likely that S&P 500 will start correcting back to 1.38xx area.. if not this week then next week ...but these days anything can happen 
- #305,047
- Mar 27, 2012 4:27pm Mar 27, 2012 4:27pm
I absolutely agree with BB King said about the definition of slaughter few days ago...don't believe too much to what GU chart advertised, or you will be slaughtered just like usual, it seems like cable won't happy if too many trader get their profit... , it was moved to other side of what most trader perception... few days ago some body here believe that cable would had bearish pattern to 154XX or 153XX, but you see the cable position now... I closed my sell position from last highest peak for just 25 pips and now wait with a cup of coffee...i prefer to find flat condition put BB and play swing....... Important signal: Aussie was touched 1440 few minutes ago and now retry to through that resistance. we have possiblity to see double bottom or it will be bearish to next resistance level.
, it was moved to other side of what most trader perception... few days ago some body here believe that cable would had bearish pattern to 154XX or 153XX, but you see the cable position now... I closed my sell position from last highest peak for just 25 pips and now wait with a cup of coffee...i prefer to find flat condition put BB and play swing....... Important signal: Aussie was touched 1440 few minutes ago and now retry to through that resistance. we have possiblity to see double bottom or it will be bearish to next resistance level.
- #305,048
- Mar 27, 2012 4:28pm Mar 27, 2012 4:28pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
to break to the upside dollar index has to weaken more and stocks have to rally further ...i think it is more likely that S&P 500 will start correcting back to 1.38xx area.. if not this week then next week ...but these days anything can happen
let's see.
GU price can also stay flat 2 days then friday shoot up or down where some one want to see the monthly candle closing price.
90% of traders use TA, indicators and prediction
- #305,049
- Mar 27, 2012 4:31pm Mar 27, 2012 4:31pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I absolutely agree with BB King said about the definition of slaughter few days ago...don't believe too much to what GU chart advertised, or you will be slaughtered just like usual, it seems like cable won't happy if too many trader get their profit...
could be a sign of weakness also in GU EU but for the moment GU EU going bit up and also gold. there is something strange. i have eyes in AU since can happen a V turn up every where here. or tank down more. lets see.
90% of traders use TA, indicators and prediction
- #305,050
- Mar 27, 2012 8:47pm Mar 27, 2012 8:47pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
OMG
my first time knowing I'm the only member left viewing this thread at this moment..
where are the regulars?
This is what happened when to many BS call here as well as first/new-comer..
my first time knowing I'm the only member left viewing this thread at this moment..
where are the regulars?
This is what happened when to many BS call here as well as first/new-comer..
I trade to live
- #305,052
- Mar 27, 2012 9:34pm Mar 27, 2012 9:34pm
OMG
my first time knowing I'm the only member left viewing this thread at this moment..
where are the regulars?
This is what happened when to many BS call here as well as first/new-comer..
- #305,053
- Mar 27, 2012 9:34pm Mar 27, 2012 9:34pm
- Joined May 2009 | Status: Trader | 4,895 Posts
OMG
my first time knowing I'm the only member left viewing this thread at this moment..
where are the regulars?
This is what happened when to many BS call here as well as first/new-comer..
less post doesn't mean this thread is not good, i like this thread because of the low level of activity.. easier to keep up.
- #305,054
- Mar 27, 2012 9:48pm Mar 27, 2012 9:48pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
it's about to be a Murda
Come with me if you want to live....
- #305,055
- Mar 27, 2012 10:52pm Mar 27, 2012 10:52pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
perhaps they are trading other pairs, so i think that is why most of them are not here.. or maybe they are doing their own research on the market..
less post doesn't mean this thread is not good, i like this thread because of the low level of activity.. easier to keep up.
Cheers to all...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #305,056
- Mar 27, 2012 11:03pm Mar 27, 2012 11:03pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Personally, I feel the bulls still have overall right of passage.
The Bearish divergence has played out and it seems to be gearing up for another overall leg up from what I can see after a possible/probable Frankie/London retrace. Or may not retrace at all
Just my thoughts since I am hedged.
The Bearish divergence has played out and it seems to be gearing up for another overall leg up from what I can see after a possible/probable Frankie/London retrace. Or may not retrace at all
Just my thoughts since I am hedged.
Come with me if you want to live....
- #305,057
- Mar 27, 2012 11:06pm Mar 27, 2012 11:06pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
I see it bro, looks like a death by a thousand cuts at the moment. Man, glad I'm hedged, at least this way still feel like I am participating
- #305,059
- Mar 28, 2012 12:28am Mar 28, 2012 12:28am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #305,060
- Mar 28, 2012 12:44am Mar 28, 2012 12:44am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place