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Cable Update (GBPUSD)

  • #331,141
  • Nov 28, 2012 11:17am Nov 28, 2012 11:17am
Have taken profit on shorts, will wait for possible confirmation tomorrow.

Just trying somethiing...
Come with me if you want to live....
  • #331,142
  • Nov 28, 2012 11:21am Nov 28, 2012 11:21am
Quoting chazzle
little bullflag
I'm not convinced of the validity of these signals in the very short term. In the 1M, I thought I saw a perfect bullish pennant, but look what happened - it turned into your flag, lol.

Good luck, though - you could well be right. One thing's for sure: it isn't going to stay at 16000.
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  • #331,143
  • Nov 28, 2012 11:24am Nov 28, 2012 11:24am
A daily close above 1.6019 is very important for bulls.
Numbers NEVER Lie
  • #331,144
  • Nov 28, 2012 11:26am Nov 28, 2012 11:26am
Quoting chazzle
break
continue
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  • #331,145
  • Nov 28, 2012 11:26am Nov 28, 2012 11:26am
Quoting ZizoFX
A daily close above 1.6019 is very important for bulls.
Above the day's high, you mean?

edit: actually, the day's open, the high being a couple of pips higher.
  • #331,146
  • Nov 28, 2012 11:26am Nov 28, 2012 11:26am
Quoting FX Wolf
i am out of remaining longs try to enter short if... what ?

lol
pending short 6010
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,147
  • Nov 28, 2012 11:27am Nov 28, 2012 11:27am
Quoting Typeface
I'm not convinced of the validity of these signals in the very short term.
cool - more for me then
  • #331,148
  • Nov 28, 2012 11:28am Nov 28, 2012 11:28am
2 trading days left to close the monthly candle

this candle is more bearish till below 6140 and more bullish above 6140.

it is about 100-130 pips above here.

good luck
90% of traders use TA, indicators and prediction
  • #331,149
  • Nov 28, 2012 11:30am Nov 28, 2012 11:30am
Quoting chazzle
some more at 963 risk 945
1/3 of at 07 - move sl to 51 = free trade
  • #331,150
  • Nov 28, 2012 11:33am Nov 28, 2012 11:33am
Quoting Typeface
Above the day's high, you mean?

edit: actually, the day's open, the high being a couple of pips higher.
Exactly
Numbers NEVER Lie
  • #331,151
  • Nov 28, 2012 11:35am Nov 28, 2012 11:35am
Quoting _BBKing_
2 trading days left to close the monthly candle

this candle is more bearish till below 6140 and more bullish above 6140.

it is about 100-130 pips above here.

good luck
You know what Friday's can do
Numbers NEVER Lie
  • #331,152
  • Nov 28, 2012 11:37am Nov 28, 2012 11:37am
Quoting _BBKing_
2 trading days left to close the monthly candle

this candle is more bearish till below 6140 and more bullish above 6140.

it is about 100-130 pips above here.

good luck

bb, does daily candle look bullish to you if it closes as a hammer?
  • #331,153
  • Nov 28, 2012 11:43am Nov 28, 2012 11:43am
Quoting FX Wolf
pending short 6010

i m in 6010
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,154
  • Nov 28, 2012 11:45am Nov 28, 2012 11:45am
Quoting chazzle
cool - more for me then
I don't think I was about to dry the market up with the volume of my trades. Plenty for everyone.

More power to your elbow - I'd just found that continuation signals in the 1M seemed to give me a bum steer, recently.

I should've gone with the pennant, mind you, even if for the wrong reasons, lol.
  • #331,155
  • Nov 28, 2012 11:51am Nov 28, 2012 11:51am
Quoting Typeface
I'd just found that continuation signals in the 1M seemed to give me a bum steer, recently.
M1 is quite a toughie - good to keep eye on speed of price movements - if something is too fast , most likely it will be corrected and/or fall into consolidation - happens most of the time
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  • #331,156
  • Nov 28, 2012 12:00pm Nov 28, 2012 12:00pm
Quoting FX Wolf
i m in 6010
and out 6012
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,157
  • Nov 28, 2012 12:02pm Nov 28, 2012 12:02pm
Quoting chazzle
M1 is quite a toughie - good to keep eye on speed of price movements - if something is too fast , most likely it will be corrected and/or fall into consolidation - happens most of the time
I'll look out for that. That twitching 1M PA is quite addictive, though, isn't it? Can't ever quite get rid of the image of a couple of prizefighters slugging it out. In fact, it looks like the red corner might bounce back off the ropes any minute now... say, at around 16018?
  • #331,158
  • Nov 28, 2012 12:21pm Nov 28, 2012 12:21pm
Quoting Typeface
I'll look out for that. That twitching 1M PA is quite addictive, though, isn't it? Can't ever quite get rid of the image of a couple of prizefighters slugging it out. In fact, it looks like the red corner might bounce back off the ropes any minute now... say, at around 16018?
yes it is - nothing wrong with them , especially if used with a higher timeframe next to it - and yep , momentum fading with end of day - some s/r at 010 -- might well drift back a bit
  • #331,159
  • Nov 28, 2012 12:22pm Nov 28, 2012 12:22pm
good evening - ready to go to bed..

Renko is suggesting that if we reach 1.6020 - we will go 1.6040 and possibly 1.6060. Hull is indicating continuation north if the next renko forms @ 1.6020. Supported by OsMA. Last drop thus ending up a bear trap.

So long scalp once 1.6020 goes. Void if 1.6000 gets killed.

Have a good evening

Regards
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  • #331,160
  • Nov 28, 2012 12:29pm Nov 28, 2012 12:29pm
Quoting FX Wolf
and out 6012
fakk it my mind is corrupted now no more trading till moth end

gl friends
Wolves don't lose any sleep over the opinion of the sheep.
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