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Cable Update (GBPUSD)

  • #377,321
  • Edited 6:31am May 13, 2014 6:27am | Edited 6:31am
EU Daily

1.37 being tested... Note the 200sma is due to be tested... either failures are bearish and might be the first signs of trend reversal....
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M5 Dustbins....

I was a tad early last night
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Dx Daily
The channel down again being tested -> the break might argue a wedge calls for 81.54
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  • #377,322
  • May 13, 2014 6:37am May 13, 2014 6:37am
Quoting maximinus
{quote} Lets compare brokers premium rate/ Mine is as belowe. {image}
Best I can do for now is the pairs I trade (and some I don't). As a day trader/scalper, swaps are of little importance to me other than if they're huge negative, it may effect my decision to trade a pair due to small account and margin availability.
Attached Image
Ghost Rider - WWTBMD?
  • #377,323
  • May 13, 2014 6:37am May 13, 2014 6:37am
So Cable... GU 1H

Flexing her muscles....

+ve or bullish divergence - unreal

Candle -> Harami - still forming

Support @68252
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  • #377,324
  • May 13, 2014 6:42am May 13, 2014 6:42am
Quoting Fxtein
{quote} GU bounced at x.xx30 level
Yep ... as is pretty typical on the smaller TF's ..

Last bounce on the test of support was 1.68197
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Ghost Rider - WWTBMD?
  • #377,325
  • May 13, 2014 6:42am May 13, 2014 6:42am
Quoting JimmyC
So Cable... GU 1H Flexing her muscles.... +ve or bullish divergence - unreal Candle -> Harami - still forming Support @68252 {image}
good morning

my dustbin levels are the same as yesterdays at 3713 but may change them to 3715 ... will watch for a bit and let the coffee do it work first.

what is Harami???
  • #377,326
  • May 13, 2014 6:54am May 13, 2014 6:54am
Quoting Bones
also {quote} {image}
He's buying this? Money allergy

Oversold but showing no sign of strength firm downtrend -> Trend error <- as usual.

All you can do is try and help

Horse - water, water - horse
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  • #377,327
  • May 13, 2014 6:55am May 13, 2014 6:55am
Quoting AllyB
{quote} good morning my dustbin levels are the same as yesterdays at 3713 but may change them to 3715 ... will watch for a bit and let the coffee do it work first. what is Harami???
Hi, AllyB:

What are "dustbin levels"?
  • #377,328
  • May 13, 2014 6:58am May 13, 2014 6:58am
Quoting AllyB
{quote} good morning my dustbin levels are the same as yesterdays at 3713 but may change them to 3715 ... will watch for a bit and let the coffee do it work first. what is Harami???
Hello AllyB


Bullish Harami (candle pattern)
The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.


Attached Image


This is a spot colloquial but

Harami in Arabic means thief, robber.. etc and this is exactly what it is used for in stock market when Harami Candlestick comes after another candle in the opposite direction to eat some of the profit gained by the previous candle so it steals some of the profit hence the name Harami ( theif).
  • #377,329
  • May 13, 2014 7:02am May 13, 2014 7:02am
Quoting JimmyC
EU Daily 1.37 being tested... Note the 200sma is due to be tested... either failures are bearish and might be the first signs of trend reversal.... {image} M5 Dustbins.... I was a tad early last night {image} Dx Daily The channel down again being tested -> the break might argue a wedge calls for 81.54 {image}
Good morning Jimmy, My TL is a bit different than yours but I have both 200's (Green sma / Red ema) and that little 61.8% all sitting right there. A decisive daily break and I'll reconsider my bullish trend outlook me thinks. As of now I'm looking for possible buys around there.

Should be interesting.
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Ghost Rider - WWTBMD?
  • #377,330
  • May 13, 2014 7:06am May 13, 2014 7:06am
lets see if we can break this number
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,331
  • May 13, 2014 7:07am May 13, 2014 7:07am
Quoting albchr
{quote} Good morning Jimmy, My TL is a bit different than yours but I have both 200's (Green sma / Red ema) and that little 61.8% all sitting right there. A decisive daily break and I'll reconsider my bullish trend outlook me thinks. As of now I'm looking for possible buys around there. Should be interesting. {image}
Hi Chris!
yep I'm nibbling short but a little nervous
  • #377,332
  • May 13, 2014 7:08am May 13, 2014 7:08am
Quoting AllyB
{quote} good morning my dustbin levels are the same as yesterdays at 3713 but may change them to 3715 ... will watch for a bit and let the coffee do it work first. what is Harami???
In Arabic "Harami" means thief lol..
  • #377,333
  • May 13, 2014 7:08am May 13, 2014 7:08am
Quoting JimmyC
{quote} Hi Chris! yep I'm nibbling short but a little nervous
I had too good a morning on the dragon. I touch NO buttons right now. ... lol
Ghost Rider - WWTBMD?
  • #377,334
  • May 13, 2014 7:09am May 13, 2014 7:09am
Quoting Carlicus
{quote} Hi, AllyB: What are "dustbin levels"?

Hi carlicus, go to this link and download the PDF.. that will give you a good idea of what they are


http://www.forexfactory.com/showthre...65#post6090365
  • #377,335
  • May 13, 2014 7:11am May 13, 2014 7:11am
Quoting JimmyC
{quote} Hello AllyB Bullish Harami (candle pattern) The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after...
No confirmation forming yet... So still bearish but support intact ->no trade<-
  • #377,336
  • May 13, 2014 7:11am May 13, 2014 7:11am
Quoting JimmyC
{quote} Hello AllyB Bullish Harami (candle pattern) The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after...
LOL ... I figured that what it was but candle patterns are by far my weak spot

I will study this and not afraid to ask questions
  • #377,337
  • May 13, 2014 7:12am May 13, 2014 7:12am
Quoting stylinex
{quote} In Arabic "Harami" means thief lol..
that is fitting
  • #377,338
  • May 13, 2014 7:13am May 13, 2014 7:13am
Looking to buy here, sl 1.679 tp, 1.705
  • #377,339
  • May 13, 2014 7:14am May 13, 2014 7:14am
Quoting JimmyC
{quote} Hello AllyB Bullish Harami (candle pattern) The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after...
Hello JimmyC
So, what harami in the H1 GBP/USD chart right now, is it bullish sign, or bearish?
  • #377,340
  • May 13, 2014 7:15am May 13, 2014 7:15am
Quoting fxnewbie922
hi, is there anyone buy GBP USD now? and tp 1.6900
yes go long now at 1.6830, t/p 1.6932, s/l 1.6732
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