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Cable Update (GBPUSD)

  • #315,461
  • Jun 1, 2012 11:17pm Jun 1, 2012 11:17pm
please check the outcome


Quoting Bones
BB that candle was born Wed ,its the weekly no way in my eyes there can be any other result even if we went up to top it would be bearish without any doubt whatsoever more than happy to put my neck on line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,462
  • Jun 1, 2012 11:19pm Jun 1, 2012 11:19pm
please check the outcome ,

my advise is correct you can look and predict ,if you know about candles ,you must look and decide what the candle has done ,so even before close of high tf (wed thur on wk1)
its not easy I am not saying that
I am helping you read high tf ,that you do not need a large account to profit from high tfs


Quoting Bones
Candle is born already at pivot but buy break retace ,close bollinger bands
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  • #315,463
  • Jun 1, 2012 11:26pm Jun 1, 2012 11:26pm
have a nice weekend bb ,
me im by the pool ,getting suntan


Quoting _BBKing_
oh well. time for the weekend came.

have to do my homeworks and many things.

enjoy your relax!

byebye
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,464
  • Jun 2, 2012 12:02am Jun 2, 2012 12:02am
Quoting Bones
have a nice weekend bb ,
me im by the pool ,getting suntan

ehhehe i would like to be in a pool :-)

anyway, i agree with you about actual direction in GU, don't get me wrong
what i say about Weekly candles and overall in all candles, is that sometimes things changes heavy during the candle formation! this time price was completely unable to reverse conditions and there was no demand at all. last chances were near 1.56 - 1.57 area in the middle of the week. infact, no demand and still strong supply = orders in lower leves went probably closed and price came down free till 1.52 area without any kind of sign of reaction.
not certainly a scenario where look for longs actually!!

when i say that price can go 600 pips up or down from here.... well... of course is more probable the down move, but i always consider both directions. never be biased in one direction is one of the best things to do in trading.
look for example GOLD: weekly candle and daily pattern completely reversed just last hours after NFP. chart is different now than what was till thursday..... will it go straight to 1800? or will it reverse down to 1400? who cares? important is to recognize what will happen in price.
for the moment 1600 is gone with a strong impulsive up-candle. i bet will open directly near 1650 tomorrow.

time will tell.

enjoy your holidays
90% of traders use TA, indicators and prediction
  • #315,465
  • Jun 2, 2012 12:53am Jun 2, 2012 12:53am
Quoting Bones
have a nice weekend bb ,
me im by the pool ,getting suntan
Yep I'm long. Like I said no-one knows.

Quoting Bones
lol no I just trade against you

Because I can read price and you can not
  • #315,466
  • Jun 2, 2012 3:07am Jun 2, 2012 3:07am
lol stu ,your a bit of a thorn in my side right now lmao

anyway ,I must ask you to wash out your text book ears ,really ,

ok you tell me where is gold going

dont be a stand back ,i told you so poster cause honestly I have no respect tell me straight
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,467
  • Jun 2, 2012 3:12am Jun 2, 2012 3:12am
later I will look at monthly cable ,600 north ,this is not correct ,

options up into monthly ,retrace but sell heavy on topside wicks d1

or

carry on to target lower next week ,

peolple are lazy ,very lazy to say I have no idea whats next ,and it winds me up !

It winds me up more to say its impossible to know
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,468
  • Jun 2, 2012 3:17am Jun 2, 2012 3:17am
I have no connection gold or lfx once I sort problem ,im more than happy to put neck on line ,



Quoting _BBKing_
ehhehe i would like to be in a pool :-)

anyway, i agree with you about actual direction in GU, don't get me wrong
what i say about Weekly candles and overall in all candles, is that sometimes things changes heavy during the candle formation! this time price was completely unable to reverse conditions and there was no demand at all. last chances were near 1.56 - 1.57 area in the middle of the week. infact, no demand and still strong supply = orders in lower leves went probably closed and price came down free till 1.52 area without any...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,469
  • Jun 2, 2012 3:21am Jun 2, 2012 3:21am
stright away without looking I would say to you look at what last month done
look lower rising tl ,on higher tf ,its gone ,well gone show me that tl where price has stopped
also monthly broke straight away ,first day of month


Quoting Bones
later I will look at monthly cable ,600 north ,this is not correct ,

options up into monthly ,retrace but sell heavy on topside wicks d1

or

carry on to target lower next week ,

peolple are lazy ,very lazy to say I have no idea whats next ,and it winds me up !

It winds me up more to say its impossible to know
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,470
  • Jun 2, 2012 3:22am Jun 2, 2012 3:22am
read it ,it can be done ,consider what it did to know how real it is !
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,471
  • Jun 2, 2012 4:24am Jun 2, 2012 4:24am
Quoting Bones
read it ,it can be done ,consider what it did to know how real it is !
yes. infact, until last month a down move of 1000pips was looking nearly impossible. a down move was possible. me also was short at highs. but who could have expected this?? yes the "after-the-facts" "traders".

now you say that an up-move of 600 pips is not possible...
i tell you that next (this) month also an up-move of 1500 pips is possible.

only need that some one decide to reload all orders closed in this downward and price goes to 1.57 in a straight move within 2days. sell the rally if happens? or hold shorts hoping to see market turning because it is impossbile to go more up since went so much down? good luck!!

this to say: DON'T BE BIASED IN ONE DIRECTION.

there is no trendlines and candles.. they are in our charts. and if price is good to buy, and something comes to allow to do in fundamentals, believe me: will not exist any line, any fibo any candle shape to stop it.
exactly like it did coming down.

now... last thing: what was the reason of such a tank in price? EURO! will it be true forever? possible. but also possible not.
and more... when you come back, look at EUR lfx. you see that it is weaker than when touched down 1.18? but it is not lower than 1.18. this means a lot of things IMO!!
90% of traders use TA, indicators and prediction
  • #315,472
  • Jun 2, 2012 5:08am Jun 2, 2012 5:08am
Hi guys,

Current Cable situation.

and I just started my blog. You might take a look there:

http://elliottfxtrader.blogspot.com/

Cheers,
Seb
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.jpg Size: 98 KB
  • #315,473
  • Jun 2, 2012 6:24am Jun 2, 2012 6:24am
BB your wrong ,I could tell you big fall right up there by dark cloud cover w1 and I told this thread there and then ,

If eur is driver why is eur gbp going to go up ??


Quoting _BBKing_
yes. infact, until last month a down move of 1000pips was looking nearly impossible. a down move was possible. me also was short at highs. but who could have expected this?? yes the "after-the-facts" "traders".

now you say that an up-move of 600 pips is not possible...
i tell you that next (this) month also an up-move of 1500 pips is possible.

only need that some one decide to reload all orders closed in this downward and price goes to 1.57 in a straight move within 2days. sell the rally if happens? or hold shorts hoping to see market...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,474
  • Jun 2, 2012 6:25am Jun 2, 2012 6:25am
here even before look back if you like



Quoting Bones
also space under
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,475
  • Jun 2, 2012 6:26am Jun 2, 2012 6:26am
soz this one

Quoting Bones
High reliability pattern !! close under pivot ,tl touch at 1.6300 ...
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  • #315,476
  • Jun 2, 2012 6:27am Jun 2, 2012 6:27am
also $ I was all over it before even this ,well before



Quoting Bones
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,477
  • Jun 2, 2012 6:30am Jun 2, 2012 6:30am
freefall month easy easy


Quoting Bones
monthly we could use to predict price this month no ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,478
  • Jun 2, 2012 6:41am Jun 2, 2012 6:41am
so I looked at monthly last sat with you ,and I hope you see I was very accurate

Im sure plenty say Tony your crazy lol

Well I think the same about you haha
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd monthly 2-6.gif Size: 23 KB
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  • #315,479
  • Jun 2, 2012 6:42am Jun 2, 2012 6:42am
im seeing not being one sided thats all ,time will tell
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  • #315,480
  • Jun 2, 2012 6:43am Jun 2, 2012 6:43am
I can tell you without doubt

Banks

There not on H1
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