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Cable Update (GBPUSD)

  • #314,361
  • May 23, 2012 6:01am May 23, 2012 6:01am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
placed trade late into Asian session. Had no idea it would hold. Came a gnats ass of being stopped out after my script moved my SL to BE+1 while I was sleeping.....Then I missed my TP by about 16 points.

I usually prefer to operate around the Daily Pivots. Last night I was too lazy to calculate the data B4 London Opened. My computer does it automatically at 3AM for me here on East Coast.

Maybe next time I'll take the time to calculate the Pivots and place my TP a little more accurately. Cost me a good deal of $$ today.

Anyhows....

Today's low is about 60 points away from WEEKLY Support 1 and well as you can see DAILY Support 2 played out nicely.
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  • #314,362
  • May 23, 2012 6:24am May 23, 2012 6:24am
In fact thats not a doji or hammer its a bearish pattern ,with high reliability


Quoting Bones
daily whos buying next ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,363
  • May 23, 2012 6:35am May 23, 2012 6:35am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Bones
In fact thats not a doji or hammer its a bearish pattern ,with high reliability
What you talkin' bout willis?

The candle in the red box?
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  • #314,364
  • May 23, 2012 6:46am May 23, 2012 6:46am
yes its bearish continuation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,365
  • May 23, 2012 7:14am May 23, 2012 7:14am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Inserted Video
  • #314,366
  • May 23, 2012 7:33am May 23, 2012 7:33am


can not watch that small laptop on building site ,anyway you think bullish eggs ??
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,367
  • May 23, 2012 7:34am May 23, 2012 7:34am
I am CORRECT ,as usual your see with your own eyes


Quoting Bones
yes its bearish continuation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,368
  • May 23, 2012 7:35am May 23, 2012 7:35am
real time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,369
  • May 23, 2012 7:36am May 23, 2012 7:36am
DOWN


Quoting Bones
Hey BBking

Next ?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,370
  • May 23, 2012 7:40am May 23, 2012 7:40am
Quoting Bones
DOWN
hello,
sorry was out...
yes looks like that. im also in short 5733 but will not give too much weight.

nervous ticks up-down.

let's see what happens.
90% of traders use TA, indicators and prediction
  • #314,371
  • May 23, 2012 7:43am May 23, 2012 7:43am
bb I hope your wrong I have very large order for me
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,372
  • May 23, 2012 7:43am May 23, 2012 7:43am
BB do you see the concept



Quoting Bones
yes its bearish continuation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,373
  • May 23, 2012 7:49am May 23, 2012 7:49am
usd ,bearish?

im not trading H1
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx 23-5 -05 3 monthly.gif Size: 15 KB
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  • #314,374
  • May 23, 2012 7:59am May 23, 2012 7:59am
Quoting Bones
usd ,bearish?

im not trading H1
yes overall is bearish, of course. what i mean is that i would not be surprised to see some pips more up before again down.
until below 5830 (pip more pip less), in h1 is still a LH.
must not forget that this is also a very well proved demand area and will not be easy to move price down.
just my idea.

meanwhile i went stopped @be while writing.
90% of traders use TA, indicators and prediction
  • #314,375
  • May 23, 2012 8:02am May 23, 2012 8:02am
Quoting _BBKing_
yes overall is bearish, of course. what i mean is that i would not be surprised to see some pips more up before again down.
until below 5830 (pip more pip less), in h1 is still a LH.
must not forget that this is also a very well proved demand area and will not be easy to move price down.
just my idea.

meanwhile i went stopped @be while writing.
reloaded a chance 5734
90% of traders use TA, indicators and prediction
  • #314,376
  • May 23, 2012 8:07am May 23, 2012 8:07am
Quoting Bones
usd ,bearish?

im not trading H1
mate, i think there's might not be anymore down mate.. i'm not sure we're gonna break the 5680 price..
  • #314,377
  • May 23, 2012 8:12am May 23, 2012 8:12am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Bones


can not watch that small laptop on building site ,anyway you think bullish eggs ??
No way dude!

BTW. I totally understood your analysis with the false break. I was just confirming which candle you were referring too.

In my best Australian accent : "Major Fakey"

NOW. IF.....

Today's Daily candle closes as a pin or even turns into a bullish pin I MIGHT begin THINKING about some shorter term buys to the upside.
  • #314,378
  • May 23, 2012 8:17am May 23, 2012 8:17am
Quoting eggs
No way dude!

BTW. I totally understood your analysis with the false break. I was just confirming which candle you were referring too.

In my best Australian accent : "Major Fakey"

NOW. IF.....

Today's Daily candle closes as a pin or even turns into a bullish pin I MIGHT begin THINKING about some shorter term buys to the upside.
yes same here.
at least I THINK () from today till end of the week possible a kind of consolidation/accumulation near these levels.
this would not be good: is always not easy to trade in full trend with a bad pattern, things becomes tricky.
let's see if from europe comes out something helpful for us!
90% of traders use TA, indicators and prediction
  • #314,379
  • May 23, 2012 8:19am May 23, 2012 8:19am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
I'm not much of a Fundie's junkie either. & I definitely do not place ANY trades based on Fundamentals. Unlike bubugen, I'm NOT a Hedge fund manager. So I rely on Technicals to get me in & out of the market.

BUT...I'm just sayin'....

I did hear the IMF talkin' bout the EuroZizone needing further monetary easing.

While I won't trade off this information I will use the wind in my sails to sleep easier at night letting that short ride a little while longer.

just sayin'
  • #314,380
  • May 23, 2012 8:19am May 23, 2012 8:19am
ok i tightened stop loss @10 pips and leave, have to go out again.

good luck
byebye
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