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Cable Update (GBPUSD)

  • #310,401
  • Apr 29, 2012 3:47pm Apr 29, 2012 3:47pm
monthly candle still in play.

an epic engulfing is possible. just need to close around these levels and if GBP keeps being overbought by markets, GU price can get 1.63 area like nothing tomorrow.

chart below

good luck
Attached Image
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  • #310,402
  • Apr 29, 2012 3:56pm Apr 29, 2012 3:56pm
Quoting Likerty
CD (Cockdragon) in the making..
From two weeks ago..
69
  • #310,403
  • Apr 29, 2012 4:08pm Apr 29, 2012 4:08pm
Quoting Likerty
From two weeks ago..
Well, I have mentioned the possibility of a Dragon pattern on Geppy - about a year or so ago, and well inside the frame need for plotting on a weekly chart. Currently waiting for a retrace onto a weekly Guppy profile before trying for a long, on a long-term basis.

Hey, you never know.

There are many websites, but cut and paste from here should you want to follow.


The structure of the pattern, “Dragon”:

A - “dragon’s head”

B - “The first leg of the Dragon

C - “Hump the Dragon” (must be within 0.38 - 0.5 of AB)

D - “The second leg of the Dragon” (tends to be 0.618 or 1.27 from the AB)

E - Break formed trend line (the signal to open a trading position to buy)

F - The first profit target - 1.27 CD

G - The second profit target - 0,886 - 1.0 Sun

H - The third goal of profit - 1.38 AB

I - safety stop-loss orders must be placed a few ticks below the lowest minimum of two feet of the dragon.
Attached Images
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #310,404
  • Apr 29, 2012 4:11pm Apr 29, 2012 4:11pm
...and I apologize for making anyone on a laptop now have to scroll right to see the attachments. Why the hell does that happen, and not when posting images captured from our trading platforms? Pff...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #310,405
  • Apr 29, 2012 4:17pm Apr 29, 2012 4:17pm
Quoting 45Condor
...and I apologize for making anyone on alaptop now have to scroll right to see the attachments. Why the hell does that happen, and not when posting images captured from our trading platforms? Pff...
Keeps us all lurking here on FF just that little bit longer so advertisers can capture that 30 second window required to capture our attention I guess
Come with me if you want to live....
  • #310,406
  • Apr 29, 2012 5:57pm Apr 29, 2012 5:57pm

Quoting Htrader

Hi guys . here i wanted to tell you about crab pattern of GBPUSD . do not loose pips




http://www.forexfactory.com/attachme...7&d=1335686053


Hope it works as well...





Patterns have an underlying mathematical structure.
  • #310,407
  • Apr 29, 2012 6:16pm Apr 29, 2012 6:16pm
Looking at this stage to buy dips off the 15min donchian 100 and 200 settings, based on congested PA
Come with me if you want to live....
  • #310,408
  • Apr 29, 2012 6:31pm Apr 29, 2012 6:31pm
Well guys,

My opinion is that it will try to make an higher high today or maybe also tomorrow. Then will fall to something like 1.6060 and then will go higher again.
Check the pattern the PA is doing... At the start of the month the trend gets bearish and two weeks later the trend inverts again.

It keeps doing this...
  • #310,409
  • Apr 29, 2012 6:38pm Apr 29, 2012 6:38pm
Quoting Ill-b-back
Looking at this stage to buy dips off the 15min donchian 100 and 200 settings, based on congested PA

Good day my friend thanks for your PM message to me - thanks.

Now this is not directed to you....just did not want to open another post window........

Can we all just please get along this week - can we please!?!?!?!?! Let's make it one week with no bashing....no calling out....just no bullshit.

As I stated many many weeks ago - lets put our thoughts out here - but we should also say who we are - if we are making a trade call lets indicate if we are a tick scalper, a 15 min tf trader - a swing trader or a position trader.....it will help with any confusion.

So have a good week - post your thoughts and calls....but please post a chart and tell us what kind of trader you are......

Happy trading.........I have done nothing today other then my Canadian Taxes as they are due tomorrow at Midnight.......99% there....will let it rest and review it one more time tomorrow.

Trade Safe....

Faller.
I don't trust any move - when you have profit...take it.
  • #310,410
  • Apr 29, 2012 7:13pm Apr 29, 2012 7:13pm
Quoting Faller
Good day my friend thanks for your PM message to me - thanks.

Now this is not directed to you....just did not want to open another post window........

Can we all just please get along this week - can we please!?!?!?!?! Let's make it one week with no bashing....no calling out....just no bullshit.

As I stated many many weeks ago - lets put our thoughts out here - but we should also say who we are - if we are making a trade call lets indicate if we are a tick scalper, a 15 min tf trader - a swing trader or a position trader.....it will help...
Come with me if you want to live....
  • #310,411
  • Apr 29, 2012 11:42pm Apr 29, 2012 11:42pm
Quoting Ill-b-back

Ahhh...since when did u changed your avatar bro??

anyway, missed u guys here
I trade to live
  • #310,412
  • Apr 29, 2012 11:48pm Apr 29, 2012 11:48pm
Quoting UbuFamily
Ahhh...since when did u changed your avatar bro??

anyway, missed u guys here

nice to see you Ubu......
I don't trust any move - when you have profit...take it.
  • #310,413
  • Apr 30, 2012 12:01am Apr 30, 2012 12:01am
Quoting Faller
nice to see you Ubu......
you too Faller as well as others...

where is A-speculator? Gonna ask him something regarding BERSIH 3.0...
I trade to live
  • #310,414
  • Apr 30, 2012 12:09am Apr 30, 2012 12:09am
Hai All...I have been away since last monday if I'm not mistaken..the funny but happy part of it is that I totally forgot that I DID enter a trade last monday....which I just discovered after checking my MT4...just my day

Attached Image (click to enlarge)
Click to Enlarge Name: huhu.gif Size: 19 KB


opened buy order at 6107 (a forgotten scalp)
I trade to live
  • #310,415
  • Apr 30, 2012 12:16am Apr 30, 2012 12:16am
Quoting UbuFamily
Hai All...I have been away since last monday if I'm not mistaken..the funny but happy part of it is that I totally forgot that I DID enter a trade last monday....which I just discovered after checking my MT4...just my day

Attachment

opened buy order at 6107 (a forgotten scalp)

that shit never happens for me......take the profit bro......

unless your middle name is nAVIN......maybe hold for 1.65?

I look for something different tonight.....kind of like a smoothie from the east coast -
I don't trust any move - when you have profit...take it.
  • #310,416
  • Apr 30, 2012 12:20am Apr 30, 2012 12:20am
Morning , so price took another crazy up but seems not unlimited time to continue , watching for breaks at 6277 & 70 for a possible bo towards limit 6170 or continue more up now so direct ? lets see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu6.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,417
  • Apr 30, 2012 12:28am Apr 30, 2012 12:28am
Quoting fontu
Morning , so price took another crazy up but seems not unlimited time to continue , watching for breaks at 6277 & 70 for a possible bo towards limit 6170 or continue more up now so direct ? lets see .
fontu

Nice...

It is an interesting spot to be - lots of pressure.

As shorts cover price moves up - then people see price moving without a retrace and don't want to miss the move up so longs enter the picture....but as that happens price will want to gravitate back to an equilibrium......so be careful.....the price is where is wants to be....u have to make sure u r where it is.

That is the trick......

Faller.
I don't trust any move - when you have profit...take it.
  • #310,418
  • Apr 30, 2012 12:31am Apr 30, 2012 12:31am
Quoting UbuFamily
Hai All...I have been away since last monday if I'm not mistaken..the funny but happy part of it is that I totally forgot that I DID enter a trade last monday....which I just discovered after checking my MT4...just my day

Attachment

opened buy order at 6107 (a forgotten scalp)
OMG, how did you forget that one bro?? Don't you use like 100 lots size trades or something??
Come with me if you want to live....
  • #310,419
  • Apr 30, 2012 12:37am Apr 30, 2012 12:37am
Quoting Faller
Nice...

It is an interesting spot to be - lots of pressure.

As shorts cover price moves up - then people see price moving without a retrace and don't want to miss the move up so longs enter the picture....but as that happens price will want to gravitate back to an equilibrium......so be careful.....the price is where is wants to be....u have to make sure u r where it is.

That is the trick......

Faller.
Thanks , true . Like the natural tricks with destabilze an equilibrium ,let run within limit of tolerance & restablize again or like typical news effect or an action potential also . surge up , surge down followed by a plateau & restart the same again , may be a little different way.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,420
  • Apr 30, 2012 12:42am Apr 30, 2012 12:42am
what I find interesting tonight is that the USDX is making daily lows while Cable is still off the highs.....will have to see how that plays out - but if the USDX moves to the upside - there is a possibility that Cable will more then correct down....but markets are quite with Asian on holidays.....just watching here......
I don't trust any move - when you have profit...take it.
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