to be honest, i'm looking at a possible breakout of 6000 but i would be very cautious at about there.. due to, you know why right? lol.
i have a short open and aiming 1.6007
Cable Update (GBPUSD)
- #333,781
- Jan 15, 2013 5:51am Jan 15, 2013 5:51am
i have a short open and aiming 1.6007
- #333,783
- Jan 15, 2013 5:51am Jan 15, 2013 5:51am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
to be honest, i'm looking at a possible breakout of 6000 but i would be very cautious at about there.. due to, you know why right? lol.
looking at this stupid PA pattern seen in hourly charts, reminds me to last week EU's one.
showing nothing, then at a certain pip, bounce up straight 200 pips.
just need to stabilize a bit
90% of traders use TA, indicators and prediction
- #333,784
- Jan 15, 2013 5:53am Jan 15, 2013 5:53am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
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- #333,785
- Jan 15, 2013 5:54am Jan 15, 2013 5:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
yes,1.6000 is a very strong level for many days.If it breaks we can go further down.
i have a short open and aiming 1.6007
1.60 is hit then we go deep..hold on is my advise
- #333,786
- Jan 15, 2013 5:57am Jan 15, 2013 5:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #333,787
- Jan 15, 2013 6:00am Jan 15, 2013 6:00am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
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- #333,788
- Jan 15, 2013 6:02am Jan 15, 2013 6:02am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
reloaded my long.
fuck yeah.
fuck yeah.
90% of traders use TA, indicators and prediction
- #333,789
- Jan 15, 2013 6:03am Jan 15, 2013 6:03am
- Joined May 2009 | Status: Trader | 4,895 Posts
dude if we hit there theres no way back!!..
are u using emas?
- #333,790
- Jan 15, 2013 6:03am Jan 15, 2013 6:03am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
reloaded my long.
fuck yeah.
better i wait price to show reasons
90% of traders use TA, indicators and prediction
- #333,791
- Jan 15, 2013 6:07am Jan 15, 2013 6:07am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #333,792
- Jan 15, 2013 6:10am Jan 15, 2013 6:10am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
reloaded my long.
fuck yeah.
I can see I'm getting no sleep tonight
Come with me if you want to live....
- #333,793
- Jan 15, 2013 6:14am Jan 15, 2013 6:14am
this is actually a bad trade..a break of yesterday low is taking us much lower..u have enter right at support this area concerns me because it vital
1.60 is hit then we go deep..hold on is my advise
if price doesnt attain my target i will close it soon
- #333,794
- Jan 15, 2013 6:15am Jan 15, 2013 6:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Lol, not this month it ain't...
That's why I closed the explorer, makes me nervous and second guess.
I'm playing with minilots on a $500 starter bro. Got it up to $900 in oct/nov, then down to $500 Dec/Jan.
I am learning my method still bro, I don't show here what my actual trading chart shows (for the same reason you don't).
I am just learning it's interpretation during tougher trading conditions like this one, when things are not in clear sinc.
1)dailly we are in a bear flag, i believe we have just broken south, trendline is broken on dailly (indicator for south)
2)weekly time frame created a evening star type formation..2 weeks ago we broke the high of the previous (1.63) then the low of previous..this is a big indication of price flow transfer- rejecting 1.63 (big money sold sold instead of buy)
we are now moving towards 1.58 area i believe
indications:- 3) this monthly has broken the previous monthly low already..the bias is definately down..
4) daily previous is bearish
There is no reason to be confused at all..its very easy to pick a direction based on TA
will it go down, i have no idea
why because market can do anything!!!
have faith man ..it isnt that hard
(Look at your chart with what i have written u will see its all there)
- #333,795
- Jan 15, 2013 6:24am Jan 15, 2013 6:24am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hey mrMarket?!
what about a fucking correction on EurGbp?
what about a fucking correction on EurGbp?
90% of traders use TA, indicators and prediction
- #333,796
- Jan 15, 2013 6:30am Jan 15, 2013 6:30am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #333,797
- Edited 6:54am Jan 15, 2013 6:40am | Edited 6:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Bro, you do not need to point these things out to me, they are clear.
I see different things right now and until I am told otherwise I have my own view.
You say no reason to be confused at all, then say you don't know if market will go down??
Well, I don't know either mate, but I'm not trading someone else's analysis.
I have posted my analysis in the past, so I trade that with tight strategic SL.
with regards to yur bit highlighted in red..because im not god..i use tools and understand the tools, can only take me so far. I have no expectation but am simply following my edge understanding that the market may do the reverse because of its nature
i posted a vew only because u said yur confused? now i am confused because yur confused
- #333,798
- Jan 15, 2013 7:09am Jan 15, 2013 7:09am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
if u see the things i have mention - I cannot understand how yur confused, its as clear as day
with regards to yur bit highlighted in red..because im not god..i use tools and understand the tools, can only take me so far. I have no expectation but am simply following my edge understanding that the market may do the reverse because of its nature
i posted a vew only because u said yur confused? now i am confused because yur confused
We clearly have different edges.
Don't take this the wrong way bro, but while your edge had you in drawdown for about 12 months, my edge was making many pips when I was skylarking as a pirate, remember that time towards the end of 2011?
I was skylarking around because my edge gave me so many clear and profitable signals that I was simply able to have fun with my trading.
Same thing with clear signals (at certain points) on our march to 63 last year.
I just say this to point out that things can be clear but not always accurate.
You see a broken daily bear flag, my (manual analysis) sees a retest of a bullishly broken weekly bull flag.
I also see potential weekly bullish H&S on fibre with a retest of a broken descending TL occurring. Also bullish weekly divergence.
NOTE: I don't trade fiber but it's what I see.
I also don't trade my manual analysis, I just like doing it, maybe I need to get out more
Come with me if you want to live....
- #333,799
- Jan 15, 2013 7:10am Jan 15, 2013 7:10am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
brother!!!..ok here it is
1)dailly we are in a bear flag, i believe we have just broken south, trendline is broken on dailly (indicator for south)
2)weekly time frame created a evening star type formation..2 weeks ago we broke the high of the previous (1.63) then the low of previous..this is a big indication of price flow transfer- rejecting 1.63 (big money sold sold instead of buy)
we are now moving towards 1.58 area i believe
indications:- 3) this monthly has broken the previous monthly low already..the bias is definately down..
4) daily...
a lot of reasons to stay on bullish side
90% of traders use TA, indicators and prediction
- #333,800
- Jan 15, 2013 7:11am Jan 15, 2013 7:11am
- | Commercial User | Joined May 2012 | 3,285 Posts
yes me too no care if up or down!
once the triangle goes..... i will be ready for another triangle to build. lol
GBP/USD Daily Chart
Ascending Trend Line being tested again... Second time in 1 week this trend line has been tested, personally, I don't think it is going to hold this time. However, will wait to enter short on a confirmation. I still see 1.585 as a good place to take profit and see how price action reacts at that point. If more downward movement at that time then I will be keeping an eye on 1.55.
