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Cable Update (GBPUSD)

  • #332,521
  • Dec 17, 2012 11:44am Dec 17, 2012 11:44am
Quoting alex1976
Beautiful response Wormboy, wondered what happened to you, good to see you back
Thanks buddy, good to see you too
Thank You
  • #332,522
  • Dec 17, 2012 11:44am Dec 17, 2012 11:44am
[quote=wormboy;6301862]Because the best decisions are always the hardest ones to make [/

And the worst are the easiest so say the 67%
  • #332,523
  • Dec 17, 2012 12:04pm Dec 17, 2012 12:04pm
Quoting C345

And the worst are the easiest so say the 67%
Eermm ... what 67%? I don't understand

EDIT: okay got it now C345, just saw your earlier post
Btw, how do you know the percentages of long/short in ff?
Thank You
  • #332,524
  • Dec 17, 2012 12:52pm Dec 17, 2012 12:52pm
Quoting wormboy
Eermm ... what 67%? I don't understand

EDIT: okay got it now C345, just saw your earlier post
Btw, how do you know the percentages of long/short in ff?
Its under the trades tab - low on right hand side.
  • #332,525
  • Dec 17, 2012 1:09pm Dec 17, 2012 1:09pm
Quoting C345
Its under the trades tab - low on right hand side.
Okay thanks .. crazy so many are short the euro dollar too. Welp ........ more for us
Thank You
  • #332,526
  • Dec 17, 2012 1:21pm Dec 17, 2012 1:21pm
Quoting wormboy
Okay thanks .. crazy so many are short the euro dollar too. Welp ........ more for us
Guess we found the perfect signal service
  • #332,527
  • Dec 17, 2012 3:35pm Dec 17, 2012 3:35pm
GBPUSD Daily ... When we look at this pair from the daily perspective wat we see is the slave of symmetry and harmony. The price moves within circular supports and resistences. And the price is now right below an important (unfortunately pink ) circular resistnce at the moemnt ; and this situation gives us a chance to SELL this pair.

http://img189.imageshack.us/img189/888/gbpusds.gif

Imagination rules the world ...
Selym Hyll Return This Year: na
  • #332,528
  • Dec 17, 2012 6:09pm Dec 17, 2012 6:09pm
Quoting selym_co
GBPUSD Daily ... When we look at this pair from the daily perspective wat we see is the slave of symmetry and harmony. The price moves within circular supports and resistences. And the price is now right below an important (unfortunately pink ) circular resistnce at the moemnt ; and this situation gives us a chance to SELL this pair.


http://img189.imageshack.us/img189/888/gbpusds.gif


Dude, are you on a submarine or something?
  • #332,529
  • Dec 17, 2012 7:02pm Dec 17, 2012 7:02pm
Quoting wormboy
Okay thanks .. crazy so many are short the euro dollar too. Welp ........ more for us
There is a big difference between REACTIVE trading & PREDICTIVE trading. I actually learnt that the hard way after blowing a few accounts. "I THINK the market is going up so i'm going to buy it". "The market is going up so i'm going to buy it". It's easier said than done.
Numbers NEVER Lie
  • #332,530
  • Dec 17, 2012 7:16pm Dec 17, 2012 7:16pm
Quoting ZizoFX
There is a big difference between REACTIVE trading & PREDICTIVE trading. I actually learnt that the hard way after blowing a few accounts. "I THINK the market is going up so i'm going to buy it". "The market is going up so i'm going to buy it". It's easier said than done.
Zizo, the market is trending up at the moment. So buying is thing to do. You disagree?
  • #332,531
  • Dec 17, 2012 9:09pm Dec 17, 2012 9:09pm
Quoting selym_co
GBPUSD Daily ... When we look at this pair from the daily perspective wat we see is the slave of symmetry and harmony. The price moves within circular supports and resistences. And the price is now right below an important (unfortunately pink ) circular resistnce at the moemnt ; and this situation gives us a chance to SELL this pair.
Interesting indi
Price is in consolidation and ready to break out either N or S
Real selling supply is at 63 .There is no real obstruction once broken 62 to stop before 63
Chart is from yesterday but still valid.Notice double top on 63? Perfect for heavy shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #332,532
  • Dec 17, 2012 10:30pm Dec 17, 2012 10:30pm
Quoting Davit
Interesting indi
Price is in consolidation and ready to break out either N or S
Real selling supply is at 63 .There is no real obstruction once broken 62 to stop before 63
Chart is from yesterday but still valid.Notice double top on 63? Perfect for heavy shorting.
David this makes more sense to me than lot of stuff I been reading here. Uncomplicated and straight forward.
  • #332,533
  • Dec 17, 2012 10:31pm Dec 17, 2012 10:31pm
Quoting alex1976
David this makes more sense to me than lot of stuff I been reading here. Uncomplicated and straight forward.
Davit
  • #332,534
  • Dec 17, 2012 10:33pm Dec 17, 2012 10:33pm
However, you still picking two directions. That's cheating bro.
  • #332,535
  • Dec 17, 2012 10:47pm Dec 17, 2012 10:47pm
There isn't a double top at 1.63. It hasn't even formed yet, and even when it's formed, it's only valid at the break of the neckline; like the head & shoulder pattern.
Just sayin ....
Thank You
  • #332,536
  • Dec 17, 2012 11:00pm Dec 17, 2012 11:00pm
Quoting wormboy
There isn't a double top at 1.63. It hasn't even formed yet, and even when it's formed, it's only valid at the break of the neckline; like the head & shoulder pattern.
Just sayin ....
Nicely said worm, it "hasn't" formed yet.

It "is" trending however.

What head and shoulders you referring to?
  • #332,537
  • Dec 17, 2012 11:01pm Dec 17, 2012 11:01pm
Quoting alex1976
Nicely said worm, it "hasn't" formed yet.

It "is" trending however.

What head and shoulders you referring to?
Trending up
  • #332,538
  • Dec 17, 2012 11:11pm Dec 17, 2012 11:11pm
Quoting alex1976
Nicely said worm, it "hasn't" formed yet.

It "is" trending however.

What head and shoulders you referring to?
Any head & shoulders bro.
Matter of fact there is a massive inverted H&S forming on the W1 Eurusd, current price is about 100 pips from the neckline. It's almost fully formed, but nowhere near valid till the neckline is gone tho ....
Thank You
  • #332,539
  • Dec 17, 2012 11:16pm Dec 17, 2012 11:16pm
Quoting wormboy
There isn't a double top at 1.63. It hasn't even formed yet, and even when it's formed, it's only valid at the break of the neckline; like the head & shoulder pattern.
Just sayin ....
In actuality if Price reaches 63 ....then we got a 2 major rejections previously.
2 rejections is strong sell 3 is major strong confluence for shorting.I personally would not hesitate.
Some strong Fib levels to overcome before 63.Mainly 6230 6250 6275-80 area.Anyone of this levels we could see rejection.

Alex thanks for your comment.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #332,540
  • Dec 17, 2012 11:21pm Dec 17, 2012 11:21pm
A triple top is possible as is a brekthough. Point is let's wait till weekly closes to try read direction.

As of now though trend is still up, lol
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