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Cable Update (GBPUSD)

  • #334,201
  • Jan 18, 2013 9:19am Jan 18, 2013 9:19am
Quoting alex1976
i just bought two tickets aboard this southbound freight train. Lot of fuel in da tank.
I bought a mini ticket LOL :-)
  • #334,202
  • Jan 18, 2013 9:22am Jan 18, 2013 9:22am
Quoting smikester
No way is it a head and shoulders by definition. Please don't mislead the learners here because a head and shoulders pattern is by definition a trend reversal pattern which occurs at the end of a trend. Your pattern starts at 1.53 which is a low.

Nice triple top though.

Good trading to you and I hope your head and shoulders works out for you. All the best to you.
Thanks Smikester. Much appreciated.

All the best to you too
Numbers NEVER Lie
  • #334,203
  • Jan 18, 2013 9:22am Jan 18, 2013 9:22am
Quoting Kamui
Too bad my target hit .


This thing has no breaks on it .

We'll lets hope for a good entry next week.

A retrace is in order at this point.

Kamu, my limit got hit too, which isnt a bad thing, lol

I was also going to wait for a retrace next week, but looking at this train fully feuled up, the retrace you will get may be where it is now.

Thats why I bought 2 tickets now.
  • #334,204
  • Jan 18, 2013 9:23am Jan 18, 2013 9:23am
Quoting KickAss
I bought a mini ticket LOL :-)

nice
  • #334,205
  • Jan 18, 2013 9:24am Jan 18, 2013 9:24am
I think it wants to go to 827 for today before it unloads some passengers and refuels.
  • #334,206
  • Jan 18, 2013 9:27am Jan 18, 2013 9:27am
Never have i doubted my view but i dod get lots of bulls in my face
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,207
  • Jan 18, 2013 9:29am Jan 18, 2013 9:29am
Quoting alex1976
Kamu, my limit got hit too, which isnt a bad thing, lol

I was also going to wait for a retrace next week, but looking at this train fully feuled up, the retrace you will get may be where it is now.

Thats why I bought 2 tickets now.
Im doing an exercise of patience at this point. Good luck to you sir. Pretty clear, all the bullish movement we've had has been retraces; There's a weekly bearish divergene signal @ the end of the december and its been downhill ever since, and looking at the weekly, its looking pretty bearish thus far.

Lets hope the bulls profited when they went bullish, and bears like me keep profiting like we've been doing thus far. its All abut the right entry,


My 2 cents.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #334,208
  • Jan 18, 2013 9:31am Jan 18, 2013 9:31am
looking for long oportunity on this pair to leave position during the weekend.
  • #334,209
  • Jan 18, 2013 9:31am Jan 18, 2013 9:31am
Quoting Kamui
Im doing an exercise of patience at this point. Good luck to you sir. Pretty clear, all the bullish movement we've had has been retraces; There's a weekly bearish divergene signal @ the end of the december and its been downhill ever since, and looking at the weekly, its looking pretty bearish thus far.

Lets hope the bulls profited when they went bullish, and bears like me keep profiting like we've been doing thus far. its All abut the right entry,


My 2 cents.

Yes patenice is good, but what kind of retrace are you hoping for? lol
  • #334,210
  • Jan 18, 2013 9:32am Jan 18, 2013 9:32am
Thanks to everyone who has helped in this forum. It's a funny forum though. No wonder all the good traders rarely post on here.

Good luck to all & Wish you green Pips.
Numbers NEVER Lie
  • #334,211
  • Jan 18, 2013 9:34am Jan 18, 2013 9:34am
Quoting ZizoFX
Thanks to everyone who has helped in this forum. It's a funny forum though. No wonder all the good traders rarely post on here.

Good luck to all & Wish you green Pips.

how do you know they are good traders? Have you seen their trading accounts?
  • #334,212
  • Jan 18, 2013 9:35am Jan 18, 2013 9:35am
cable started to fall down.i am short now.Can we expect 1.5850 area??
  • #334,213
  • Jan 18, 2013 9:36am Jan 18, 2013 9:36am
Quoting fxtyrant
I warned the bulls.... As i said pa suggests further down at th last line of defense.... For me nothing left till 1.56-1.57 now....
It will need to collect a bit of buyers on the way to 1.56... 1.57 is definitely possible.
  • #334,214
  • Jan 18, 2013 9:38am Jan 18, 2013 9:38am
Quoting alex1976
Yes patenice is good, but what kind of retrace are you hoping for? lol

Something that I feel confortable with , I dont call prices, because predicting price moves is a foolishness to me; but personally I know, if I take a position now, I wont feel confortable with it and would hit my self in the head afterwards thats all.

All the best!
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #334,215
  • Jan 18, 2013 9:40am Jan 18, 2013 9:40am
Quoting Kamui
Something that I feel confortable with , I dont call prices, because predicting price moves is a foolishness to me; but personally I know, if I take a position now, I wont feel confortable with it and would hit my self in the head afterwards thats all.

All the best!

so true, many a time have I done that, lol
  • #334,216
  • Jan 18, 2013 9:41am Jan 18, 2013 9:41am
Quoting alex1976
how do you know they are good traders? Have you seen their trading accounts?
Have fun Alex.
Numbers NEVER Lie
  • #334,217
  • Jan 18, 2013 9:43am Jan 18, 2013 9:43am
Quoting ZizoFX
Have fun Alex.

Ohh I am brother, trust me!
  • #334,218
  • Jan 18, 2013 9:43am Jan 18, 2013 9:43am
GBPUSD D1.......
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  • #334,219
  • Jan 18, 2013 9:48am Jan 18, 2013 9:48am
Quoting alex1976
Ohh I am brother, trust me!
Good
Numbers NEVER Lie
  • #334,220
  • Jan 18, 2013 9:50am Jan 18, 2013 9:50am
Freight Train Fridays!
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