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Cable Update (GBPUSD)

  • #352,701
  • Nov 11, 2013 3:34pm Nov 11, 2013 3:34pm
thanks ,I think liberal lines ,flag very unlikely I can show you a flag

Quoting aBitWonKy
{quote} I could be mis-interpreting but here's what i see... {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,702
  • Nov 11, 2013 3:46pm Nov 11, 2013 3:46pm
flag
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxh4 11-11-13 flag.png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,703
  • Nov 11, 2013 3:47pm Nov 11, 2013 3:47pm
Quoting aBitWonKy
{quote} I could be mis-interpreting but here's what i see... {image} {image}
It's too big to be a bull flag and it's not formatted correctly.
To me it looks like a double top and shoulders (tops in red, shoulders in yellow and neckline in green)

A bull flag is what I have indicated in magenta.

G/U Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 40 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #352,704
  • Nov 11, 2013 3:53pm Nov 11, 2013 3:53pm
Quoting Bones
flag {image}
GMTA

Now that's a flag I can fall in love with
Those who say it cannot be done should not interrupt those who are doing it
  • #352,705
  • Nov 11, 2013 3:57pm Nov 11, 2013 3:57pm
lol were on same page then pip

Quoting PipTrapper
{quote} GMTA Now that's a flag I can fall in love with
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,706
  • Nov 11, 2013 3:58pm Nov 11, 2013 3:58pm
yes to me the matching highs within few pips focus on rejection !

Quoting PipTrapper
{quote} It's too big to be a bull flag and it's not formatted correctly. To me it looks like a double top and shoulders (tops in red, shoulders in yellow and neckline in green) A bull flag is what I have indicated in magenta. G/U Daily {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD Spot.png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,707
  • Nov 11, 2013 4:03pm Nov 11, 2013 4:03pm
eur
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,708
  • Nov 11, 2013 4:05pm Nov 11, 2013 4:05pm
true ?

Quoting Bones
d1 why gbp shot up up I have no idea/or care ,overall longer term have to agree generally bullish {quote} {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,709
  • Nov 11, 2013 4:10pm Nov 11, 2013 4:10pm
gold I don't trade btw
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,710
  • Nov 11, 2013 4:45pm Nov 11, 2013 4:45pm
Quoting Bones
thanks ,I think liberal lines ,flag very unlikely I can show you a flag {quote}
agree the lines are liberal but they dont have to be perfect. i prefer a more vertical pole than yours to be honest. Anyway i was just throwing it out there. I trade a lot of flags you probably wouldn't consider flags.
  • #352,711
  • Nov 11, 2013 4:49pm Nov 11, 2013 4:49pm
Quoting PipTrapper
{quote} It's too big to be a bull flag and it's not formatted correctly. To me it looks like a double top and shoulders (tops in red, shoulders in yellow and neckline in green) A bull flag is what I have indicated in magenta. G/U Daily {image}
only in weekly - daily is a range. You're both right tho, it's not perfect.
  • #352,712
  • Nov 11, 2013 4:57pm Nov 11, 2013 4:57pm
not perfect maybe ,but since you have almost perfect double top yours are no where near
if you zoom out on h4 usdlfx , your see how strong this move is or just look at w1 ,


Quoting aBitWonKy
{quote} agree the lines are liberal but they dont have to be perfect. i prefer a more vertical pole than yours to be honest. Anyway i was just throwing it out there. I trade a lot of flags you probably wouldn't consider flags.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,713
  • Nov 11, 2013 5:28pm Nov 11, 2013 5:28pm
USD spiking at the moment.

Did I miss some news? I wonder what's going on.
  • #352,714
  • Nov 11, 2013 5:29pm Nov 11, 2013 5:29pm
Man, if I had some balls I'd really play this for a strong UP bounce. We are coming up on the 200 day moving average (Assuming I've got my moving average set correctly) and the bottom of the demand zone. All at the same time.

Hrmmm.....
  • #352,715
  • Nov 11, 2013 6:06pm Nov 11, 2013 6:06pm
Slowly but surely................
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 45 KB
Money Makes Money
  • #352,716
  • Nov 11, 2013 6:58pm Nov 11, 2013 6:58pm
Quoting akki300986
{quote} there you go he is DOING THE SAME THING AGAIN!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.PNG Size: 44 KB


?

??

at least i managed to get 20 pips from that.
  • #352,717
  • Nov 11, 2013 7:14pm Nov 11, 2013 7:14pm
was looking to get in higher but maybe we won't get it, maybe bounce a bit from around here... everyone's bearish eh? well damn..
Attached Image (click to enlarge)
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Don't have an ego. Always question yourself and your ability.
  • #352,718
  • Nov 11, 2013 8:18pm Nov 11, 2013 8:18pm
Want to hold my shorts for deeper push downwards, but CPI makes me nervous.
  • #352,719
  • Nov 11, 2013 9:22pm Nov 11, 2013 9:22pm
Yeah, makes me nervous also.

I'm thinking of selling my short before bed tonight. Always the same decision it seems.

Get out of position
Put in a stop
Don't put in a stop

Fortunately, even if it moves up large, I won't be out much. And I'd hate to miss a down move. But it's looking pretty solid like a double bottom right now.

Bah, I hate indecision.
  • #352,720
  • Edited 11:19pm Nov 11, 2013 10:34pm | Edited 11:19pm
Quoting INvestME
{quote} Just out of interest, what platform are you trading on? Because I have 2 different brokerage accounts I trade from and neither one of them has the Weekly 200-MA plugged into that previous candlestick. Each one of my charts show the 200MA about 260 pips below the close of last weeks candlestick. Just giving you the heads up because a slight mistake with MA's can cause a trader to be on the wrong side of a trade. So just make sure its the 200-MA you have up there and not a different one

Hi InvestMe
I use EMA not SMA and I use MBTRADING which is located west coast.After checking both SMA and EMA you are correct there is significant difference.I was under impression that EMA is more influential because of emphases more on recent data.
I am not sure what Banks prefer SMA or EMA.I do like to know the answer .
Regards
In trading, you have to be defensive and aggressive at the same time
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