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Cable Update (GBPUSD)

  • #341,281
  • May 20, 2013 1:12pm May 20, 2013 1:12pm
short scalping under 270 looking for 250ish.....
  • #341,282
  • May 20, 2013 1:13pm May 20, 2013 1:13pm
I'm short at 52 and currently losing my azz
  • #341,283
  • May 20, 2013 1:17pm May 20, 2013 1:17pm
Quoting Robby
No problem...that is how all the computer systems that trade money ID an H&S. That is the market way of seeing a H&S programmatic-lee. It's dose not madder...Since your are odd one out that would mean you are at the very for front so you would catch something that is false. For your sake I hope your right...I know what is going on. My previous posting show that...{quote}
Thank you Sir, your insight is just as valueable as mine. I will take care myself and my positions, so will you
Make it simple, but not simpler - Einstein
  • #341,284
  • May 20, 2013 1:27pm May 20, 2013 1:27pm
Quoting Robby
You guys need to go look at the daily and weekly charts and draw horizontal lines across the charts so you can see the H&S...get you a line chart and draw H-Lines then you will see what is going on...
why don't you draw it for us, Robby and post the pic of your chart
  • #341,285
  • May 20, 2013 1:40pm May 20, 2013 1:40pm
Quoting chazzle
short scalping under 270 looking for 250ish.....
weekly...
Attached Image (click to enlarge)
Click to Enlarge Name: 15268.PNG Size: 57 KB
  • #341,286
  • May 20, 2013 1:41pm May 20, 2013 1:41pm
Quoting chazzle
short scalping under 270 looking for 250ish.....

i am thinking a retest of 230ish again from the high that it will reach.. still anticipating a completion of the HS before we examine a push up.

chart here...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,287
  • May 20, 2013 1:46pm May 20, 2013 1:46pm
Quoting nAVIN2007
{quote} just remember its not a Head n shoulder unless the neckline goes im actually looking for a potential inverse
You mean , a Bullish Pattern ..

If the Bulls can Push through this Supply level , then am going to have to say " Uncle " ...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 34 KB
  • #341,288
  • May 20, 2013 1:48pm May 20, 2013 1:48pm
Quoting taomql4
{quote} You mean , a Bullish Pattern .. If the Bulls can Push through this Supply level , then am going to have to say " Uncle " ... {image}
i will hold u too that

thou i will add i will be as surprised as u..
  • #341,289
  • May 20, 2013 1:49pm May 20, 2013 1:49pm
Quoting baherhosni
{quote} still anticipating a completion of the HS before we examine a push up
your pattern is 17 years long - and the right shoulder is 4 years long. And the neckline hasn't been broken, which means the pattern hasn't formed yet. And the neckline is 1200 pips away. And it doesn't show a top reversal. As an H&S should ....

... just sayin

Attached Image (click to enlarge)
Click to Enlarge Name: 17.PNG Size: 63 KB
  • #341,290
  • May 20, 2013 2:03pm May 20, 2013 2:03pm
Quoting chazzle
{quote} your pattern is 17 years long - and the right shoulder is 4 years long. And the neckline hasn't been broken, which means the pattern hasn't formed yet. And the neckline is 1200 pips away. And it doesn't show a top reversal. As an H&S should .... ... just sayin {image}
no the HS is on daily.. i am saying that the monthly is starting to show me a possible bounce off 4900 and/or a possible close above 5230 at the end of the month.. i explianed it all a few pages back..

so yes i am still following the HS on daily and H4
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,291
  • May 20, 2013 2:10pm May 20, 2013 2:10pm
Quoting chazzle
{quote} your pattern is 17 years long - and the right shoulder is 4 years long. And the neckline hasn't been broken, which means the pattern hasn't formed yet. And the neckline is 1200 pips away. And it doesn't show a top reversal. As an H&S should .... ... just sayin {image}
here:
http://www.forexfactory.com/showthre...36#post6690836
http://www.forexfactory.com/showthre...41#post6691041
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,292
  • May 20, 2013 2:14pm May 20, 2013 2:14pm
Quoting chazzle
{quote} your pattern is 17 years long - and the right shoulder is 4 years long. And the neckline hasn't been broken, which means the pattern hasn't formed yet. And the neckline is 1200 pips away. And it doesn't show a top reversal. As an H&S should .... ... just sayin {image}
i hope you do check your monthly to verify your trades on the lower frames.. i find that you refer to m15 very often. even if you are a scalper, which in part i am one too, higher tfs are live savers in most cases bro.. right?

cheers..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,293
  • May 20, 2013 2:18pm May 20, 2013 2:18pm
Quoting chazzle
{quote} your pattern is 17 years long - and the right shoulder is 4 years long. And the neckline hasn't been broken, which means the pattern hasn't formed yet. And the neckline is 1200 pips away. And it doesn't show a top reversal. As an H&S should .... ... just sayin {image}
  • #341,294
  • May 20, 2013 2:23pm May 20, 2013 2:23pm
Quoting baherhosni
{quote} i hope you do check your monthly to verify your trades on the lower frames.. i find that you refer to m15 very often. even if you are a scalper, which in part i am one too, higher tfs are live savers in most cases bro.. right? cheers..
I go up to weekly - that's enough for me - the best and easiest trades are the ones where all timeframes point in the same direction, yes
  • #341,295
  • May 20, 2013 2:25pm May 20, 2013 2:25pm
Quoting nAVIN2007
{quote}

ok then.. i will have to create another post with a zoomed in segment of that chart to show what i mean i guess..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,296
  • May 20, 2013 2:27pm May 20, 2013 2:27pm
Quoting baherhosni
{quote} ok then.. i will have to create another post with a zoomed in segment of that chart to show what i mean i guess..
show us the H&S on daily or H4 mate, as you mentioned
  • #341,297
  • May 20, 2013 2:28pm May 20, 2013 2:28pm
Quoting Mr.C
Good day traders. First order of the week: cable short from 1,5190. Wish all GL and green pips this week!
Start of the week - not so good. Loss with 1% account damage. Trade what you see, not what you expect..Forgot this! Bullish ID range template was there but I was too cautious and more haunted with the idea for the pair to go down. Mistake - payed. See you soon. Good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #341,298
  • May 20, 2013 2:35pm May 20, 2013 2:35pm
Quoting chazzle
{quote} show us the H&S on daily or H4 mate, as you mentioned

posted it a couple of pages back bro.. here:

http://www.forexfactory.com/attachme...3&d=1368619151
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,299
  • May 20, 2013 2:40pm May 20, 2013 2:40pm
Quoting baherhosni
{quote} posted it a couple of pages back bro.. here: http://www.forexfactory.com/attachme...3&d=1368619151
ah ok , sorry didn't see it. Does this mean you are waiting for the right shoulder to form?
  • #341,300
  • May 20, 2013 2:41pm May 20, 2013 2:41pm
Quoting baherhosni
{quote} ok then.. i will have to create another post with a zoomed in segment of that chart to show what i mean i guess..

this thing is an absolute bitch to read..but refuse to accept it will break south so easy..u have remember its reacted at a retrace of in between 50..61.8 (dip) potentially or south..

i wont lie the mofo is looking to sink meh..but as i alway say "dont f&&*k with da pound"
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