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Cable Update (GBPUSD)

  • #316,121
  • Jun 12, 2012 2:32pm Jun 12, 2012 2:32pm
5680 is confluence target = abcd100% + ABCD127.2%

5653 is 127.2% opposite projection of XA and is the minimum target of butterfly

general idea : sell after butterfly completed
My idea: buy to accomplish the butterfly

Already trend is up at 1H and D1, just turend up at 4H
now is 3pm NY time
time for retracement down or a new upmove
Who know but 20 pips will be moved i either direction
Down move will give you a better buy price
  • #316,122
  • Jun 12, 2012 2:39pm Jun 12, 2012 2:39pm
Misses image
Quoting corpo30
5680 is confluence target = abcd100% + ABCD127.2%

5653 is 127.2% opposite projection of XA and is the minimum target of butterfly

general idea : sell after butterfly completed
My idea: buy to accomplish the butterfly

Already trend is up at 1H and D1, just turend up at 4H
now is 3pm NY time
time for retracement down or a new upmove
Who know but 20 pips will be moved i either direction
Down move will give you a better buy price
Attached Image (click to enlarge)
Click to Enlarge Name: butterfly_in_formation.jpg Size: 62 KB
  • #316,123
  • Jun 12, 2012 3:32pm Jun 12, 2012 3:32pm
Quoting TauTrader
Howzit my broer,

I do.

Cape Town. Miss the northern province's steaks, biltong and game though.

Been all over the place.

Best country in the world - all in one place. Crime? What crime...

I'm 45 and still very much alive. No problem. Media blows everything out of proportion. Proud South African. I am.

Go stormers!
Exactly.. what crime?
I'm supposed to be living in the crime capital of the world, believe it or not, but I've been a Jozi boy all my life and wouldn't swop living here for anywhere else.
Lived in Dubai for 4 years and hated it.
Nice to see a local on the forum

Goooooo LIONS!

Are you a full time trader TT?
Show Me Your Pips!!!
  • #316,124
  • Jun 12, 2012 3:46pm Jun 12, 2012 3:46pm
Quoting TauTrader
Thank you - appreciated.

Regards

Ps - anyone else please post?
Sorry, I forgot to take a chart
But I can tell you that I have an account in IBFX and other in Instaforex and they have different charts, cause IBFX close daily candle 2 hours before than Instaforex.

I'll try to post a chart of each broker.
  • #316,125
  • Jun 12, 2012 3:56pm Jun 12, 2012 3:56pm
Quoting corpo30
Misses image
I will place a buy limit at 38.2% fib,
SL = 54515
TP = 56255
MID= 55385
R:R = 1:1
technical = 55385 is precisely at 38.2% fib ASK price level.
And, it's a good night, i'm gonna sleep tight , will get up and re-enter long if i will see price moving up after retracement to any of FIB significant level and will set tp in 2nd trade at 5653(the min target of BtrFLY).
GBP strengthen today despite of bad data of Manafacturing production and weak EURO.
So i hope it may accomlish butterfly with its minimum target before Core retail sales from USA.
I am buying to help it to accomplish butterfly because i love girls and butterflies. So i won't mind even if i will be stopped out with failure in this pattern
  • #316,126
  • Jun 12, 2012 4:14pm Jun 12, 2012 4:14pm
Quoting TauTrader
Ok - I think the point is missed.

Could at least 10 people on this thread post a clear chart as soon as the next 1hr bar closes on their respective charts? Please set to maximum magnification.

Let us use GBP/JPY for the purpose of the exercise.

I will post a chart example as soon as my 1hr close.

Below the chart. Could 9 other persons please do the same as soon as their latest 1hr closes? use max magnification.

Thank you so much.

Regards
late is better than never. lol
just saw now your post.
uhm... why the h1 chart? shouldn't be <h1 all the same and >h1 a lot differences? i mean, problems with candlesticks in brokers are in h4 daily weekly. candles could be very different.
maybe i'm missing the point...
anyway here's mine
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_Hourly_snapshot.png Size: 6 KB
90% of traders use TA, indicators and prediction
  • #316,127
  • Jun 12, 2012 4:23pm Jun 12, 2012 4:23pm
but if you prefer extreme zoom-in....

jokes a part ....
maybe you were trying to see what 10 people could say of the same chart.
interesting that so many people answered.

i give you my idea:

give 10 people the same chart, deleting price and instrument info, and ask them to analyze and decide a trade.
you will probably get 8 different answers.
why 8? because 2 of them will copy since unable to decide :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_Hourly_snapshot.png Size: 5 KB
90% of traders use TA, indicators and prediction
  • #316,128
  • Jun 12, 2012 4:24pm Jun 12, 2012 4:24pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting TauTrader
Ok - I think the point is missed.

Could at least 10 people on this thread post a clear chart as soon as the next 1hr bar closes on their respective charts? Please set to maximum magnification.

Let us use GBP/JPY for the purpose of the exercise.

I will post a chart example as soon as my 1hr close.

Below the chart. Could 9 other persons please do the same as soon as their latest 1hr closes? use max magnification.

Thank you so much.

Regards

GJ H1 as requested. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 14 KB
  • #316,129
  • Jun 12, 2012 8:37pm Jun 12, 2012 8:37pm
looking to sell cable today but would have to wait and see what happens at London open
The only way not to think about money is to have a great deal of it
  • #316,130
  • Jun 12, 2012 9:35pm Jun 12, 2012 9:35pm
naked trader
Attached Image (click to enlarge)
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deep RoT is essential for everlasting happyness
  • #316,131
  • Jun 12, 2012 10:59pm Jun 12, 2012 10:59pm
WTF is this thread
  • #316,132
  • Jun 12, 2012 11:22pm Jun 12, 2012 11:22pm
Good day to you,

Thanks for the few charts. I have just woken up here. Cleared these messy trades just now. All closed.

For this one, I would personally like to thank the forex gods for their goodwill -

Phew!
Attached Image (click to enlarge)
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  • #316,133
  • Jun 12, 2012 11:38pm Jun 12, 2012 11:38pm
How is it all going,made a few decisions,

Looked at everything

I had a more than a few trades that I was hanging on to.

These dips an waves catch me out.

I grew some balls

an closed a few lemons out

Keep the stress down an enjoy the game chess.

Way to easy to jump into every fake move.
  • #316,134
  • Jun 12, 2012 11:38pm Jun 12, 2012 11:38pm
Quoting _BBKing_
late is better than never. lol
just saw now your post.
uhm... why the h1 chart? shouldn't be <h1 all the same and >h1 a lot differences? i mean, problems with candlesticks in brokers are in h4 daily weekly. candles could be very different.
maybe i'm missing the point...
anyway here's mine
Good day to you,

I had a blond moment. You are quite correct.

DOH!

The question I need answered is this: surely different traders will have differently shaped candles on 4hr / daily. A pinbar for one, could be something different to another in terms of appearance - depending on gmt setup.

What is the "correct" time alignment? Since London trades the bulk of the volume - should my chart not be set up as such?

Regards
  • #316,135
  • Jun 13, 2012 12:00am Jun 13, 2012 12:00am
unless she breaks 1.5480 where going up, hopefully around 1.5725. good luck to all
  • #316,136
  • Jun 13, 2012 12:11am Jun 13, 2012 12:11am
need help, i can no longer copy and paste anything, you guys know what cause this, thanks
  • #316,137
  • Jun 13, 2012 12:18am Jun 13, 2012 12:18am
Good day to you,

My 4hr setting up for a possible sell opportunity.

Regards
  • #316,138
  • Jun 13, 2012 12:22am Jun 13, 2012 12:22am
Quoting Kaloo5
Exactly.. what crime?
I'm supposed to be living in the crime capital of the world, believe it or not, but I've been a Jozi boy all my life and wouldn't swop living here for anywhere else.
Lived in Dubai for 4 years and hated it.
Nice to see a local on the forum

Goooooo LIONS!

Are you a full time trader TT?
Good day to you,

No - not a full time trader. Have my own business. Some days, like the last few - i'm office bound and post a lot. At times, gone for a week due to travelling.

My business takes first priority - always.

Regards to you
  • #316,139
  • Jun 13, 2012 12:32am Jun 13, 2012 12:32am
Quoting PoundTrader
need help, i can no longer copy and paste anything, you guys know what cause this, thanks
please help,lol im serious
  • #316,140
  • Jun 13, 2012 12:37am Jun 13, 2012 12:37am
i see a hidden divergence in m30,what about you guys?
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