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Cable Update (GBPUSD)

  • #327,541
  • Oct 19, 2012 8:52am Oct 19, 2012 8:52am
Quoting bguguen
They really have no idea what they're talking..... H4 showing signs of possible sign of a bullish divergence, i cant show chart cuz im on the road.... If current h4 candle close above 200ema h4 which is at 1.60556, theres chance we'll revisit 1.6085 fibo, of which i hate cuz im bearish sooo illl be loading shorts up there if its a confirmed bullish divergence
Im a long term bear but if h4 closes as a confirmed bullish divergence then we may have a small rally again
Been seeing a possible bounce to 6080/6100 since the fall yesterday. Really hope not as I'd like to at least go into the weekend with everything green...LOL

Will this chart do for ya? RED is 200ema Green 200sma
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4h.gif Size: 23 KB
Ghost Rider - WWTBMD?
  • #327,542
  • Oct 19, 2012 8:53am Oct 19, 2012 8:53am
Quoting Nachiket
let me know what we should do next
I'm sorry, but am I getting the wrong Idea of this thread. Trading is not about listening to other people, if you want to listen to other peoples advice then get a financial adviser, they are usually very good at losing your money.

Trading is about your own decisions, your own analysis, and going against the crowed. The crowed how are wrong apparently 95% of the time.
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,543
  • Oct 19, 2012 8:54am Oct 19, 2012 8:54am
Quoting albchr
Been seeing a possible bounce to 6080/6100 since the fall yesterday. Really hope not as I'd like to at least go into the weekend with everything green...LOL

Will this chart do for ya? RED is 200ema Green 200sma
well I think 1.6095 is make or break for this now on the upside. downside level comes close to 1.6025 after which we will see 1.5950
  • #327,544
  • Oct 19, 2012 8:56am Oct 19, 2012 8:56am
Quoting albchr
Been seeing a possible bounce to 6080/6100 since the fall yesterday. Really hope not as I'd like to at least go into the weekend with everything green...LOL

Will this chart do for ya? RED is 200ema Green 200sma
True, but look what happened yesterday in EU. Again, Resistance turning to support, did it hold...not as much as we were hoping. Was it clean simple and deadly, well I'd say the first two for sure

Attached Image (click to enlarge)
Click to Enlarge Name: spike.jpg Size: 114 KB
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,545
  • Oct 19, 2012 8:57am Oct 19, 2012 8:57am
Quoting albchr
Been seeing a possible bounce to 6080/6100 since the fall yesterday. Really hope not as I'd like to at least go into the weekend with everything green...LOL

Will this chart do for ya? RED is 200ema Green 200sma
I also want to see 1.5850!!! Argh.... But guess what.... 4 more minutes to know if there is a confirmed bullish divergence or not.....
For ppl not familiar what a confirmed bullish divergence means, it means the confirmed candle being a bullish candle would suggest next candle looking bearish but plenty time to close is a good time to enter short

Otherwise if its not a confirmed divergence, the market can keep pushing price further into oversold or overbought zones till ur brain goes fry
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,546
  • Oct 19, 2012 8:58am Oct 19, 2012 8:58am
Quoting jezzode
I'm sorry, but am I getting the wrong Idea of this thread. Trading is not about listening to other people, if you want to listen to other peoples advice then get a financial adviser, they are usually very good at losing your money.

Trading is about your own decisions, your own analysis, and going against the crowed. The crowed how are wrong apparently 95% of the time.
there's a lot of traders come here for advice most end of broke after taking there advice
  • #327,547
  • Oct 19, 2012 8:58am Oct 19, 2012 8:58am
Quoting jezzode
I'm sorry, but am I getting the wrong Idea of this thread. Trading is not about listening to other people, if you want to listen to other peoples advice then get a financial adviser, they are usually very good at losing your money.

Trading is about your own decisions, your own analysis, and going against the crowed. The crowed how are wrong apparently 95% of the time.
well there is nothing wrong to listen to other traders advice. I do that when I confused a bit
  • #327,548
  • Oct 19, 2012 9:00am Oct 19, 2012 9:00am
Quoting bguguen
I also want to see 1.5850!!! Argh.... But guess what.... 4 more minutes to know if there is a confirmed bullish divergence or not.....
SO DO I!!! LOL

I've got 2 hours for that 4H bar to close...LOL

To all the others (just easier...LOL) have a look at the 4H Indexes.
Attached Image (click to enlarge)
Click to Enlarge Name: Indexes.PNG Size: 72 KB
Ghost Rider - WWTBMD?
  • #327,549
  • Oct 19, 2012 9:01am Oct 19, 2012 9:01am
Quoting albchr
SO DO I!!! LOL

I've got 2 hours for that 4H bar to close...LOL

To all the others (just easier...LOL) have a look at the 4H Indexes.
Good news..... Candle closed bearish so still no confirmed bullish divergence!!! Shorts are still safe to stay short
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,550
  • Oct 19, 2012 9:02am Oct 19, 2012 9:02am
Quoting jezzode
Are you guys just playing around with ideas, or do you have a fundamental or technical reason behind such a comment. I for one don't see such a strong move occurring as per yesterdays PA.
Are you understimating the power of consolidation period after a huge move?

combinating a good technical with this(for example bearish trend in h1 ) you can enjoy a lot with huge moves.
  • #327,551
  • Oct 19, 2012 9:03am Oct 19, 2012 9:03am
Quoting bguguen
Good news..... Candle closed bearish so still no confirmed bullish divergence!!! Shorts are still safe to stay short
Do you know some source of info which explains well how to spot divergences?
  • #327,552
  • Oct 19, 2012 9:05am Oct 19, 2012 9:05am
Quoting Raftron
Do you know some source of info which explains well how to spot divergences?
www.babypips.com/school
Trading comes quickly, patience and discipline does not!
  • #327,553
  • Oct 19, 2012 9:06am Oct 19, 2012 9:06am
Quoting jezzode
True, but look what happened yesterday in EU. Again, Resistance turning to support, did it hold...not as much as we were hoping. Was it clean simple and deadly, well I'd say the first two for sure

Attachment
For me, it's kind of hard to compare EUR with GBP at the moment. Here's why.
Attached Image (click to enlarge)
Click to Enlarge Name: Indexes_2.PNG Size: 69 KB
Ghost Rider - WWTBMD?
  • #327,554
  • Oct 19, 2012 9:08am Oct 19, 2012 9:08am
Quoting Daddypips
www.babypips.com/school
Lol amen!! But different people have different preference, mine is using rsi5 for 4 hr and rsi10 for daily
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,555
  • Oct 19, 2012 9:08am Oct 19, 2012 9:08am
Quoting albchr
For me, it's kind of hard to compare EUR with GBP at the moment. Here's why.
I agree, currency correlation is not exactly proving useful at the moment, (apart from EU and UC) although that example was to illustrate how S turning to R doesn't always work, no matter how clean the set-up may be!
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,556
  • Oct 19, 2012 9:09am Oct 19, 2012 9:09am
Quoting jezzode
I'm sorry, but am I getting the wrong Idea of this thread. Trading is not about listening to other people, if you want to listen to other peoples advice then get a financial adviser, they are usually very good at losing your money.

Trading is about your own decisions, your own analysis, and going against the crowed. The crowed how are wrong apparently 95% of the time.
Thats the reality.
forexpillariscipline & patience Trader
  • #327,557
  • Oct 19, 2012 9:10am Oct 19, 2012 9:10am
Quoting Daddypips
www.babypips.com/school
I'm on baby-pips too, a good source of learning material.

Same user name.
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,558
  • Oct 19, 2012 9:11am Oct 19, 2012 9:11am
To those talking about "advice" here. There is a difference between sharing advice, and sharing "views" IMHO.

If I say "go long/short here", well that's advice I guess.

If I say " This is what I think/see", that's just my view.

If you follow the first you're probably not a trader. If you follow the second, you probably aren't either as you haven't made up your mind yet...LOL

I love to see others "views". There are only a very small handfull of folks I'll "take advice" from.
Ghost Rider - WWTBMD?
  • #327,559
  • Oct 19, 2012 9:12am Oct 19, 2012 9:12am
will really be surprised if we see 1.6060 now
  • #327,560
  • Oct 19, 2012 9:13am Oct 19, 2012 9:13am
Quoting jezzode
I agree, currency correlation is not exactly proving useful at the moment, (apart from EU and UC) although that example was to illustrate how S turning to R doesn't always work, no matter how clean the set-up may be!
Very true. Even the strongest of S/R can be completely ignored. That's what keeps it ...Ummm....interesting! ...
Ghost Rider - WWTBMD?
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