caution suggested before further shorts
Attached Image (click to enlarge)
Cable Update (GBPUSD)
- #325,202
- Edited 1:49pm Sep 26, 2012 1:36pm | Edited 1:49pm
- 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%
- #325,203
- Sep 26, 2012 2:12pm Sep 26, 2012 2:12pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #325,204
- Sep 26, 2012 2:30pm Sep 26, 2012 2:30pm
Why?
Forgive me but I can't make heads or tails from that chart. I know my eyes are getting old but I can't even see the bars.
- #325,206
- Sep 26, 2012 2:41pm Sep 26, 2012 2:41pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
everything is in the chart, pattern suggests reversal I have marked levels
Ghost Rider - WWTBMD?
- #325,208
- Sep 26, 2012 4:19pm Sep 26, 2012 4:19pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
everything is in the chart, pattern suggests reversal I have marked levels
I mean Gartley keeps printing and unfolding for as long as the move goes till one point when too much movement makes it dissapear.....or at least this is what is happening to me.
but I don't trade it anyway as I don't know how to look at it
- #325,209
- Sep 26, 2012 4:28pm Sep 26, 2012 4:28pm
didn't M30 pattern suggest reversal yesterday as well ? when we were above 6250 ?
I mean Gartley keeps printing and unfolding for as long as the move goes till one point when too much movement makes it dissapear.....or at least this is what is happening to me.
but I don't trade it anyway as I don't know how to look at it
EDIT: two ranges 127.2 and 161.8 I have shown minimal range
iscipline & patience Trader- #325,211
- Sep 26, 2012 5:17pm Sep 26, 2012 5:17pm
everything is in the chart, pattern suggests reversal I have marked levels
My friend has picasso been let loose on your chart!! i will stick with the shorts!!
Trading comes quickly, patience and discipline does not!
- #325,212
- Sep 26, 2012 5:37pm Sep 26, 2012 5:37pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
My friend has picasso been let loose on your chart!! i will stick with the shorts!!
problem is this is forex and everyone gets to be right....
as for GBPUSD what worries me is that we tested a trendline we've previously broken out of....
let me show you what im talking about...
Weekly
Daily
4 Hours
see where we tested and bounced? now i dunno how far this would go but i have my SL which would secure me some profits but i have my SL at 1.6200, why? well we have the 4H EMA 55 at 1.6180 and a Weekly EMA 200 at 1.6195, sooo if any bullish momentum appears i just hope these 2 EMA's would keep the GBPUSD down, if not, oh wells i would still profit....
Now if bullish momentum doesnt break above these 2 EMA's ive warned about... then i would expect this trendline to fail and GBPUSD would be heading for that 78.2% fib point at 1.6075, just to be safe from spread i have my TP set at 1.6080
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #325,213
- Sep 26, 2012 6:59pm Sep 26, 2012 6:59pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #325,218
- Sep 27, 2012 1:16am Sep 27, 2012 1:16am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
I'm thinking a little bit of risk on, then risk the f*#k off...
Maybe Cable's being sneaky
Come with me if you want to live....
- #325,219
- Sep 27, 2012 2:24am Sep 27, 2012 2:24am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
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