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Cable Update (GBPUSD)

  • #351,141
  • Oct 29, 2013 12:22pm Oct 29, 2013 12:22pm
i trust PA the most. candlestick pattern itself very good. however they seek confirmation most of the time if traded in smaller time frames. we have learnt lots of pattern.. one in my experience, that i did not see on any published resources or books, and just observed over 3-4 years or so is U-Shapped wick/leg. it does nt need any confirmation candle, whenever this appears price go to opposit direction.. checkout eurusd in 15min.. just for observation... you may experience over time...
Enter Signature
  • #351,142
  • Oct 29, 2013 12:26pm Oct 29, 2013 12:26pm
1600 a sure thing then 5980 5940 5890 fibo dont lie
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  • #351,143
  • Oct 29, 2013 12:27pm Oct 29, 2013 12:27pm
this is logically a faliure of demand/supply balance on a given price. that is what i was referring for;
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  • #351,144
  • Oct 29, 2013 12:36pm Oct 29, 2013 12:36pm
Quoting gio123
1600 a sure thing then 5980 5940 5890 fibo dont lie {image}
But it tells fibs. Just a joke.

Anyway yes. 1.600x is next target... then we see.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,145
  • Oct 29, 2013 12:38pm Oct 29, 2013 12:38pm
Quoting Orly
{quote} A look at the one-minute chart will show you why it is the Bears who will have little to say by this time tomorrow.
seriously, please do rethink of taking a 1 min tf as one of a life savior options.

-regards-
  • #351,146
  • Oct 29, 2013 12:40pm Oct 29, 2013 12:40pm
Quoting basitata
{quote} Dude that was just to add some humor. As far as vouches are concern, thank you very much for the offer. i do apologize that i lack interest in it. I am neither a guru to give you a trade call with 100 pips... i would love to keep it for me .... Well, a short setup on gbp is under progress, still not complete, may be on tuesday or wedsday, it can produce more pip than you asked for. Keep an eye on 4H lower HI with with MA declining in MACD when histogram is shorter than the previous one.. IMVHO, GBP not gonna break 6300 on daily. Good Luck....
Pipy, its on its way bro
Enter Signature
  • #351,147
  • Oct 29, 2013 12:42pm Oct 29, 2013 12:42pm
Quoting basitata
{quote} Pipy, its on its way bro
I see it.. I feel it, I taste it.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,148
  • Oct 29, 2013 12:45pm Oct 29, 2013 12:45pm
Quoting PipTrapper
{quote} I see it.. I feel it, I taste it.
lol, bro, u r too good.
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  • #351,149
  • Oct 29, 2013 12:53pm Oct 29, 2013 12:53pm
Quoting gio123
1600 a sure thing then 5980 5940 5890 fibo dont lie {image}
yes this is the picture. Looking mighty bearish at the moment
http://i.imgur.com/kwbAiux.jpg
  • #351,150
  • Oct 29, 2013 1:03pm Oct 29, 2013 1:03pm
the way this thing is moving it could seriously move down a fair bit..
I was a bit concerned approaching end of the month that this thing may attempt 1.63 but so far plan is good better than i thought possible..


place the seatbelt
  • #351,151
  • Oct 29, 2013 1:13pm Oct 29, 2013 1:13pm
Quoting Dapsychopath
{quote} seriously, please do rethink of taking a 1 min tf as one of a life savior options. -regards-
Seriously???
Okay, man, whatever.
You don't listen to anything, you don't want to listen to anything, you don't care WHAT I said, you just want to spout bullshit to make yourself sound like MR. IMPORTANT TRADER.

Like I need to be lectured- and dare I say, pleaded with- to not look at a one-minute chart! That's just asinine.

I'm out. i'll leave this nonsense to you guys.
:/
  • #351,152
  • Oct 29, 2013 1:19pm Oct 29, 2013 1:19pm
Quoting basitata
added on 6044 for a few pips
closed
Enter Signature
  • #351,153
  • Oct 29, 2013 1:21pm Oct 29, 2013 1:21pm
Quoting Orly
{quote} Seriously??? Okay, man, whatever. You don't listen to anything, you don't want to listen to anything, you don't care WHAT I said, you just want to spout bullshit to make yourself sound like MR. IMPORTANT TRADER. Like I need to be lectured- and dare I say, pleaded with- to not look at a one-minute chart! That's just asinine. I'm out. i'll leave this nonsense to you guys. :/

he was actually trying to help u ..to look at a one minute chart for a reversal of today movement is actually crazy or genius
which one i guess depends on the trader
  • #351,154
  • Oct 29, 2013 1:22pm Oct 29, 2013 1:22pm
Quoting RamsesII
count update... {image}
update
Attached Images
Don't have an ego. Always question yourself and your ability.
  • #351,155
  • Oct 29, 2013 1:23pm Oct 29, 2013 1:23pm
Theres nothing wrong with one minut ,just you said looking at it you thought bulls would come later in week please teach us how you did that then ?



Quoting Orly
{quote} Seriously??? Okay, man, whatever. You don't listen to anything, you don't want to listen to anything, you don't care WHAT I said, you just want to spout bullshit to make yourself sound like MR. IMPORTANT TRADER. Like I need to be lectured- and dare I say, pleaded with- to not look at a one-minute chart! That's just asinine. I'm out. i'll leave this nonsense to you guys. :/
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,156
  • Oct 29, 2013 1:25pm Oct 29, 2013 1:25pm
Quoting Orly
{quote} Seriously??? Okay, man, whatever. You don't listen to anything, you don't want to listen to anything, you don't care WHAT I said, you just want to spout bullshit to make yourself sound like MR. IMPORTANT TRADER. Like I need to be lectured- and dare I say, pleaded with- to not look at a one-minute chart! That's just asinine. I'm out. i'll leave this nonsense to you guys. :/
Wow!!! Another rant for the books. I'm running out of pages.
I'm not going to lecture you about forum etiquette... Oh wait I just did. oops, sorry
Those who say it cannot be done should not interrupt those who are doing it
  • #351,157
  • Oct 29, 2013 1:28pm Oct 29, 2013 1:28pm
Quoting RamsesII
{quote} update {image} {image}

I still say it's a 2 and not a B
Those who say it cannot be done should not interrupt those who are doing it
  • #351,158
  • Oct 29, 2013 1:43pm Oct 29, 2013 1:43pm
Quoting powellste
I've watch price bounce off ma's multiple times or stall and breakthrough in the last 3 months (not been at this long) I have a few ma's on my chart I use these as confirmation of trends or basically with something else but never on their own. For me ma's also as well as the last thing, indicate potential trouble zones or an area to watch price action. Just another tool in the shed! Did the more experienced price action traders use these or did use them? First post anyway hello all! Steve.

ma's are just a guide with a bit of screen time u can see the support and resistance without them
It will depend most trader that use them i guess have them there cause it provides opportunity to take trades mechanically (use as a system) whereas some traders simply go with there gut and use P.A as a guide
  • #351,159
  • Oct 29, 2013 1:49pm Oct 29, 2013 1:49pm
Daily S3, 61.8% 5893-6256 and daily/weekly ascending trend line @/around current daily lo as 1hr continues opa downtrend and 4hr looking more bearish too. Price @ 112% 20 day atr now. That 5893 swing must be moving into view for the bears/longer term bears now ? U.s cpi inflation and probably more likely Fed statement tomorrow may shake it up more ?

Fibs on daily drawn from areas circled to 6259, red one to 6256. LH and a L on daily now - L not fractal yet

G/L
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ex member
  • #351,160
  • Oct 29, 2013 1:54pm Oct 29, 2013 1:54pm
Quoting PipTrapper
{quote} I still say it's a 2 and not a B

it sure is looking more like a 2 now...
Don't have an ego. Always question yourself and your ability.
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