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Cable Update (GBPUSD)

  • #359,341
  • Jan 20, 2014 3:35am Jan 20, 2014 3:35am
Quoting Kajos2250
{quote} Seeing the W1, MN1 candles and it is showing me bulls controll...
lol don't plan to hold it that long lol

I take that back depending on PA I plan on a move to the 1.455 area

But longer term ur prolly right
  • #359,342
  • Jan 20, 2014 3:35am Jan 20, 2014 3:35am
Quoting Kajos2250
{quote} Seeing the W1, MN1 candles and it is showing me bulls controll...
Have no objection here

Edit: lol

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  • #359,343
  • Jan 20, 2014 3:35am Jan 20, 2014 3:35am
Quoting Kajos2250
{quote} Seeing the W1, MN1 candles and it is showing me bulls controll...

you are a funny guy man.Did you see 300pips drop from 1.520 to 1.4720? Were the bulls in control on Monthly and weekly? Yes and so what
nobody is putting a gun to your head to hold trades for weeks
In trading, you have to be defensive and aggressive at the same time
  • #359,344
  • Jan 20, 2014 3:47am Jan 20, 2014 3:47am
Quoting sakisf
What public holiday is it today in the US?
Martin Luther King Day
  • #359,345
  • Jan 20, 2014 3:48am Jan 20, 2014 3:48am
Quoting Davit
{quote} you are a funny guy man.Did you see 300pips drop from 1.520 to 1.4720? Were the bulls in control on Monthly and weekly? Yes and so what nobody is putting a gun to your head to hold trades for weeks
Do it as you feel!
2-300 pip for the GBPCHF is just noise!
When i mentioned the bulls controll, i see 5 consecutive green W1 candle, the last one huge wick from the bottom. It means to me bulls controll. But i can understand you, because there is a big difference between our strategy, but the candlestick means the same everybody. I thougth it until now!

Good luck Davit!
Anything is math!
  • #359,346
  • Jan 20, 2014 3:55am Jan 20, 2014 3:55am
I'm short from 1.6429, so i hope there will be no break for 6450 because this means buy signal ( Big loss for my short open trade )
  • #359,347
  • Edited 4:10am Jan 20, 2014 4:00am | Edited 4:10am
Quoting Kajos2250
{quote} Do it as you feel! 2-300 pip for the GBPCHF is just noise! When i mentioned the bulls controll, i see 5 consecutive green W1 candle, the last one huge wick from the bottom. It means to me bulls controll. But i can understand you, because there is a big difference between our strategy, but the candlestick means the same everybody. I thougth it until now! Good luck Davit!

No disrespect my friend 300 pip gain by anyone here is no small potato, besides up candles are clearly hitting resistance at 1.50 which means UP trend could easily reverse to down trend.Trends start at lower TF
There is something interesting I noticed.I can't count 5 consecutive bull weekly candles since 2009.To me its ripe for correction.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #359,348
  • Jan 20, 2014 4:07am Jan 20, 2014 4:07am
TauTrader - I searched all mladens stuff on TSD at the weekend but I couldn't find one that gave signals at the extremes of the bands. Any chance you could post that in here please. I presume on that last chart you posted one of them is TMA true (56 lwma with 100 bands). Are the using the same for the other TMA on the chart?
  • #359,349
  • Jan 20, 2014 4:10am Jan 20, 2014 4:10am
Quoting Davit
{quote} No disrespect my friend 300 pip gain by anyone here is no small potato, besides up candles are clearly hitting resistance at 1.50 which means UP trend could easily reverse to down trend.Trends start at lower TF Regards
Trends will be held until the conditions of it is true!
There are more resistance that was not hit. One of it is ~5300??? Just a noise
Yes by my peak valley anlisys down trend(correction) has begun on the M15 lol...

PS: Do not listen to anyone, trade what you see!
Anything is math!
  • #359,350
  • Jan 20, 2014 4:16am Jan 20, 2014 4:16am
GU H4 GMT+3

MPP~64519 is holding the price at the moment. Later if price could close above ~6464 resistance add one more long.
Invalidation if price could close under ~6382.

Good luck!
Attached Image (click to enlarge)
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Anything is math!
  • #359,351
  • Jan 20, 2014 4:30am Jan 20, 2014 4:30am
Double top , overbought dropping in my opinion
sold at 1.6442
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  • #359,352
  • Jan 20, 2014 4:41am Jan 20, 2014 4:41am
Quoting littlecraig
Double top , overbought dropping in my opinion sold at 1.6442 {image}
I hope it get down too , but what is the target ?
  • #359,353
  • Jan 20, 2014 4:43am Jan 20, 2014 4:43am
Quoting littlecraig
Double top , overbought dropping in my opinion sold at 1.6442 {image}
Too early! Double top confirmation close under ~6394 by my knowledge....
Anything is math!
  • #359,354
  • Jan 20, 2014 4:45am Jan 20, 2014 4:45am
1 more long 6440
  • #359,355
  • Jan 20, 2014 4:49am Jan 20, 2014 4:49am
Quoting Kajos2250
{quote} Too early! Double top confirmation close under ~6394 by my knowledge....
Yes make you 100% right but im not waiting for the neckline breakout , im taking a bit of a risk and just going with it'
got a fairly tight stop.
  • #359,356
  • Jan 20, 2014 4:49am Jan 20, 2014 4:49am
GU M15

I can not sit on my hand, 4th longs is taken. I should not see M15
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 54 KB
Anything is math!
  • #359,357
  • Jan 20, 2014 4:51am Jan 20, 2014 4:51am
Quoting littlecraig
{quote} Yes make you 100% right but im not waiting for the neckline breakout , im taking a bit of a risk and just going with it' got a fairly tight stop.
i think it is worth the risk , some times it is better to buy at top and sell at bottom ??
  • #359,358
  • Jan 20, 2014 4:53am Jan 20, 2014 4:53am
Quoting Vectamart
{quote} Martin Luther King Day
Thanks.
  • #359,359
  • Jan 20, 2014 4:54am Jan 20, 2014 4:54am
Quoting littlecraig
{quote} Yes make you 100% right but im not waiting for the neckline breakout , im taking a bit of a risk and just going with it' got a fairly tight stop.
I understand! Just because the perfect RR But this way you dont trade double top, maybe the hourly bearish pinbar that you trade at the moment!
Anything is math!
  • #359,360
  • Jan 20, 2014 4:58am Jan 20, 2014 4:58am
i make this morning high 1.64514 any body else ???
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