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Cable Update (GBPUSD)

  • #355,321
  • Dec 5, 2013 6:06am Dec 5, 2013 6:06am
Quoting TauTrader
Good day, Been busy for a few days. Internet upgrades in my region - so on and off. Also busy working on some indicators. Find it fascinating that one could possibly find high probability areas of reversing PA. I'm still chipping away - trying to improve. At this point, dips only.But potential there. Still testing to see if a short term plan can be established. 5min charts.. All the best {image} {image}
good day bro,

latest H4 pattern doesn't seems to agree with long imho.. engulfing like that will take price below yesterday low, from my view point..
  • #355,322
  • Dec 5, 2013 6:06am Dec 5, 2013 6:06am
Quoting julia2011
{quote} whatsapp
Please sing for us Julia Pinky
  • #355,323
  • Dec 5, 2013 6:07am Dec 5, 2013 6:07am
Quoting A-speculator
{quote} GJ is another story.. if i'm trading GJ, I would like to open long at just above the hammer from your chart.. seems there still no breakout retest yet and i think somehow it will retest it's breakout price, just a matter of time..
One thing that i am missing too, the retest of daily range breakout to ~ 6250.
But it can happen after touch ~ 6525
Anything is math!
  • #355,324
  • Dec 5, 2013 6:07am Dec 5, 2013 6:07am
Quoting davidsayli
AUD/USD H4 CHART We may see a sudden drop to the 0.88xx if it breaks 0.8995 today. {image}
imho, i can't agree with that from short term view point. in my opinion, aussie will retest somewhere around 9275 area before the drop.. well, 9000 area is quite a support and i think it will take more than 1 push to break it.
  • #355,325
  • Dec 5, 2013 6:07am Dec 5, 2013 6:07am
Quoting davidsayli
AUD/USD H4 CHART We may see a sudden drop to the 0.88xx if it breaks 0.8995 today. {image}
... then you short till 0.8995 ? thats very low for GBP mate
  • #355,326
  • Dec 5, 2013 6:11am Dec 5, 2013 6:11am
Quoting Kajos2250
{quote} One thing that i am missing too, the retest of daily range breakout to ~ 6250. But it can happen after touch ~ 6525
since the price is in progression, i think it's wise to wait cause placing a position in the middle of movement is like placing oneself in the middle of a busy road, hard to get across.. lol. just my 2 cents tho..
  • #355,327
  • Dec 5, 2013 6:13am Dec 5, 2013 6:13am
Quoting DailyChart
{quote} Please sing for us Julia Pinky
hmmmmm
why, u wanna sleep
  • #355,328
  • Dec 5, 2013 6:14am Dec 5, 2013 6:14am
Quoting A-speculator
{quote} good day bro, latest H4 pattern doesn't seems to agree with long imho.. engulfing like that will take price below yesterday low, from my view point..
Sir,

Massive amount of stop losses @ 1.6450

Regards
  • #355,329
  • Dec 5, 2013 6:15am Dec 5, 2013 6:15am
for anyone who are trading the commodity currency, compared aussie to kiwi, imho i think kiwi has better pattern than aussie atm since kiwi has printed consolidation above 8170.. quite a support at that price imho.
  • #355,330
  • Dec 5, 2013 6:17am Dec 5, 2013 6:17am
come on baby ,, move
i'm waiting you @ bus station number 6430 ,,
  • #355,331
  • Dec 5, 2013 6:17am Dec 5, 2013 6:17am
Quoting TauTrader
{quote} Sir, Massive amount of stop losses @ 1.6450 Regards
how's that relate with candlestick pattern mate, imho from the pattern, i think price maybe retest the breakout price somewhere around 6370 or lower.. from latest pattern progression, i don't think we will see 6400 area..
  • #355,332
  • Dec 5, 2013 6:18am Dec 5, 2013 6:18am
Quoting A-speculator
{quote} good day bro, latest H4 pattern doesn't seems to agree with long imho.. engulfing like that will take price below yesterday low, from my view point..
The last H4 candle is not good for long but the H4 flag/wedge/triangle formation shows the correction of bullis trend is coming to its end and it had to create an E point before the breakout....
The Fakey bull setup is valid too... and the daily PA signals rarely fail...

We will see soon what is this all...

If moving down, i will lose all money of one of my account
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 87 KB
Anything is math!
  • #355,333
  • Dec 5, 2013 6:22am Dec 5, 2013 6:22am
Quoting A-speculator
{quote} how's that relate with candlestick pattern mate, imho from the pattern, i think price maybe retest the breakout price somewhere around 6370 or lower.. from latest pattern progression, i don't think we will see 6400 area..
Sir,

Very much to do with price.

Regards
  • #355,334
  • Dec 5, 2013 6:25am Dec 5, 2013 6:25am
Quoting A-speculator
{quote} since the price is in progression, i think it's wise to wait cause placing a position in the middle of movement is like placing oneself in the middle of a busy road, hard to get across.. lol. just my 2 cents tho..
You are right, but the good RR invite me cause my invalidation price is very close and i belive in my signals...
Anything is math!
  • #355,335
  • Dec 5, 2013 6:27am Dec 5, 2013 6:27am
Quoting Kajos2250
{quote} The last H4 candle is not good for long but the H4 flag/wedge/triangle formation shows the correction of bullis trend is coming to its end and it had to create an E point before the breakout.... The Fakey bull setup is valid too... and the daily PA signals rarely fail... We will see soon what is this all... If moving down, i will lose all money of one of my account {image}
well, let's see it candle by candle.. the consolidation pattern (the dojis) after the bullish movement yesterday shows that the bullish momentum were exhausted hence tells us that the market has no desire to move higher.. the push before the drop to 6400 is a normal move commonly known as shakeout.. it can be seen as a candle pattern or in a series of candle pattern depending what TF you're looking at.

so, price already tell us that the market has no means of making any higher price by showing us how it moves translated by candlestick pattern. Now, i think the movement will be bumpy because cluster support has not been broken so there will be bulls hiding somewhere / taking profit action taking place. we will have smooth sail when we have confirmed breakout of cluster support (this is also due to confirmed sentiment of shorting the market)

i really hope you won't lose all your money, it's not trading if you do that.. you're more to gambling than trading mate..
  • #355,336
  • Dec 5, 2013 6:29am Dec 5, 2013 6:29am
no respond to news at all, from cable
all eyes on ECB
  • #355,337
  • Dec 5, 2013 6:36am Dec 5, 2013 6:36am
Quoting TauTrader
{quote} Sir, Very much to do with price. Regards
Good day, again Eu 5 min
Attached Image (click to enlarge)
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  • #355,338
  • Dec 5, 2013 6:43am Dec 5, 2013 6:43am
Quoting A-speculator
{quote} well, let's see it candle by candle.. the consolidation pattern (the dojis) after the bullish movement yesterday shows that the bullish momentum were exhausted hence tells us that the market has no desire to move higher.. the push before the drop to 6400 is a normal move commonly known as shakeout.. it can be seen as a candle pattern or in a series of candle pattern depending what TF you're looking at. so, price already tell us that the market has no means of making any higher price by showing us how it moves translated by candlestick pattern....
I can not agree with you by everything, but i cant write down thats caouse i dont know the english language well enought...
But i like you, you are smart man!

And this account maybe gamble account, but not at all! My max risk 47$ cause this is my ballance leverage 2000 and i am in 1.26lot at the moment but 6321 my account killer price TP at 6412 (1126$) RR ~22 not bad!
But now my account is red
Anything is math!
  • #355,339
  • Dec 5, 2013 6:51am Dec 5, 2013 6:51am
Quoting Kajos2250
{quote} I can not agree with you by everything, but i cant write down thats caouse i dont know the english language well enought... But i like you, you are smart man! And this account maybe gamble account, but not at all! My max risk 47$ cause this is my ballance leverage 2000 and i am in 1.26lot at the moment but 6321 my account killer price TP at 6412 (1126$) RR ~22 not bad! But now my account is red
it's ok mate, english is not my primary language either.. you can write anything here and as long as everyone can understand, it will be fine, no matter how bad the writing are..

i think you have long way to go.. i've been trading since 2005 and i've lived the ups and downs in trading.. there are things cannot be thought in trading, you have to experience it yourself..

take my advise tho, if you will.. concentrate on candlestick pattern, approach the market with no bias and see thoroughly how price reacts and don't hesitate to beat a harsh retreat since sometime we have to admit that we are wrong and market always right (by candlestick pattern, of course not by others judgement, not by the news, not by whatever you read, whatever you hear or whatever you see, everything has been told to us by CS pattern).
  • #355,340
  • Dec 5, 2013 6:51am Dec 5, 2013 6:51am
Quoting Kajos2250
{quote} I can not agree with you by everything, but i cant write down thats caouse i dont know the english language well enought... But i like you, you are smart man! And this account maybe gamble account, but not at all! My max risk 47$ cause this is my ballance leverage 2000 and i am in 1.26lot at the moment but 6321 my account killer price TP at 6412 (1126$) RR ~22 not bad! But now my account is red
Sir, hanging in by a hair.

Never a good idea. Leverage is good. If used responsibly. You are over leveraged.

Not a good idea.

Regards
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