Please correct me if I am wrong Nav.
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Cable Update (GBPUSD)
- #323,742
- Sep 6, 2012 2:32pm Sep 6, 2012 2:32pm
well not actually a target for my trade...but there just like wormie i expect price to find a hurdle which will be tough to cross..mind u i thought this when price was at 1.6 and it blew straight past..
my target of 1.64-1.6475 area still stand maybe a lot higher like 1.67
but that quite far into the future(more like a retest of 1.63 and a few blown stops)
if u look at my first chart..head to breakout (neckline, if u want to call it this) is roughtly 100 pips..add this to where we are now..u get roughly 1.6050(number is round...
- #323,743
- Sep 6, 2012 2:36pm Sep 6, 2012 2:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Right, thx Nav and Gavalar, clearer now
Come with me if you want to live....
- #323,744
- Sep 6, 2012 2:39pm Sep 6, 2012 2:39pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Sorry, posted whilst you were replying
i think 1.60 is the problem..if prices close above this area..i think i will see my target..1.6050 might find because stop get triggered and take price up..but its 1.6 which is the area
with regard to yur chart id have to see it zoomed in more..to see where this line comes from
- #323,745
- Edited 2:58pm Sep 6, 2012 2:47pm | Edited 2:58pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #323,746
- Sep 6, 2012 2:52pm Sep 6, 2012 2:52pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Right, thx Nav and Gavalar, clearer now
From weekly and monthly TF am see both EU and GU have room for 150-200 pips more...Especialy GU "if" the formation's valid we will have a Nice falling formation,I am see the ticket for 1.65 located @ 1.605-1.61 "If" breaking up "But" I am its seem hard to happening based on EU Monthly Descending Channel around 1.28 over Only again "If" Breaking up
If there was easy money lying around,no one would be forcing it into your
- #323,747
- Sep 6, 2012 3:03pm Sep 6, 2012 3:03pm
waiting see break next level 5950 to have more up here towards 6005 cretical or to 6061 next for the next decision & hence correction down likely then if further try up or all fail, anyway last leg up it is afterall > 5th leg on the run now, that can be rudementary to big also.but still 5950 not seems any stop for the great failure .5943 breaks should be confirmation for those upper levels test .fontu
- #323,748
- Sep 6, 2012 3:10pm Sep 6, 2012 3:10pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Great view of what I was trying to explain but you have done so much more clearly than I did.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #323,749
- Sep 6, 2012 3:21pm Sep 6, 2012 3:21pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
i think 1.60 is the problem..if prices close above this area..i think i will see my target..1.6050 might find because stop get triggered and take price up..but its 1.6 which is the area
with regard to yur chart id have to see it zoomed in more..to see where this line comes from
the rise today was TOTALLY expected... you see all those S/R we cleared just recently?? (the red and blue horizontals corresponds to EMA55 and EMA200 on different TFs)
Also Top right corner signaling a bullish move as opposed to a bearish, bears will have to find an area of resistance to see if theres any reaction for a possible reversal, otherwise Shorting here is dangerous if you cant manage the trade well.... always unwise to enter a trade in the middle of anything....
Lesson in life... you either take in in front or behind, never in the middle (punt intended)
anyways like ive been shouting ever since we broke above 1.5800 its been clear 1.61 is gona arrive soon....
However i have to admit, i was a bitch shouting bearish when GBPUSD was still below 1.58
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #323,750
- Sep 6, 2012 3:53pm Sep 6, 2012 3:53pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav, i totally agree with you... 1.60 is dangerous because its always a round number but if we do break above it, key resistance may occur around 1.6075-1.61 area. 78.2% fib and Weekly EMA200 (red line) creeping lower, those are gona proof tough resistance....
the rise today was TOTALLY expected... you see all those S/R we cleared just recently?? (the red and blue horizontals corresponds to EMA55 and EMA200 on different TFs)
Also Top right corner signaling a bullish move as opposed to a bearish, bears will have to find an area of resistance to see...
your a bright kid, seriously man..yur charts have improved 150% and yur technical analysis is now showing..its great to see u developing into a very good trader!!
only thing is to me this move up was totally expected..if u read what i have posted in here, u will notice i fore-casted this move up exactly as i wrote it
- #323,751
- Sep 6, 2012 3:58pm Sep 6, 2012 3:58pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
your a bright kid, seriously man..yur charts have improved 150% and yur technical analysis is now showing..its great to see u developing into a very good trader!!
only thing is to me this move up was totally expected..
i wouldnt be too surprised if NFP day tomorrow + Profit taking towards weekend might push all the risk pair DOWN to test supports....
if supports break we may have to play with resistances again next week, and shit'll be consolidating like hell....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #323,752
- Sep 6, 2012 4:01pm Sep 6, 2012 4:01pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #323,753
- Sep 6, 2012 4:11pm Sep 6, 2012 4:11pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #323,754
- Sep 6, 2012 4:38pm Sep 6, 2012 4:38pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #323,755
- Sep 6, 2012 4:40pm Sep 6, 2012 4:40pm
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #323,756
- Sep 6, 2012 4:50pm Sep 6, 2012 4:50pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Morning Bro,
From weekly and monthly TF am see both EU and GU have room for 150-200 pips more...Especialy GU "if" the formation's valid we will have a Nice falling formation,I am see the ticket for 1.65 located @ 1.605-1.61 "If" breaking up "But" I am its seem hard to happening based on EU Monthly Descending Channel around 1.28 over Only again "If" Breaking up
I don't trade the Euro, but here is something I was looking at last night.
I think a break up is possible/probable??
Who knows
But there is a series of 2 bullish divergence on the daily and 1 on the weekly also.
The monthly could also be an ascending channel perhaps as hard as that may be to believe in today climate
Anyway, hope we all make green corn...
Thanks for the heads up mate
Come with me if you want to live....
- #323,757
- Sep 6, 2012 8:13pm Sep 6, 2012 8:13pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Closest I can get is that it may be top of ascending channel assuming that it will move into the upper channel.
Please correct me if I am wrong Nav.
Come with me if you want to live....
- #323,758
- Sep 6, 2012 10:06pm Sep 6, 2012 10:06pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #323,759
- Sep 6, 2012 10:36pm Sep 6, 2012 10:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quarter Time Frame
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