fortis fortuna adiuvat
Cable Update (GBPUSD)
- #385,701
- Jul 4, 2014 2:49pm Jul 4, 2014 2:49pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
- #385,702
- Jul 4, 2014 3:09pm Jul 4, 2014 3:09pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
{image}
fortis fortuna adiuvat
- #385,705
- Jul 4, 2014 3:33pm Jul 4, 2014 3:33pm
- | Joined Dec 2011 | Status: Trader | 2,927 Posts
Just don't fight it until they'll change their mind,
swing it!
- #385,706
- Jul 4, 2014 3:53pm Jul 4, 2014 3:53pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #385,708
- Jul 4, 2014 4:28pm Jul 4, 2014 4:28pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #385,709
- Jul 4, 2014 4:59pm Jul 4, 2014 4:59pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #385,711
- Jul 5, 2014 3:19am Jul 5, 2014 3:19am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #385,712
- Jul 5, 2014 3:26am Jul 5, 2014 3:26am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
{quote} EU fundamentally is in downtrend.Likelihood of EU reaching 1.34 is greater then 1.38 this month. ECB made it clear they want lower Euro. When forecasting please read some fundamentals and get a sense of market sentiment.
not euphoria follower
- #385,713
- Jul 5, 2014 1:39pm Jul 5, 2014 1:39pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote}
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #385,714
- Jul 6, 2014 3:27am Jul 6, 2014 3:27am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #385,715
- Jul 6, 2014 4:32am Jul 6, 2014 4:32am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
GU - Weekly
Here's what I'm looking at. Put Davit's BB's back on my chart. Please excuse the Fib clutter but kind of needed here to show the confluence areas.
Horizontals mark the ratio range I see and the basis of my plan to short the retrace. 1.72134 ratio high with a possible stretch to 1.72681. I will likely add shorts to those highs. Back to ratio low 1.69129 where PA will have to be observed for a reversal or continuation of the bull trend.
"As of now" the bull trend still seems fully intact. Hence as I have been, I still treat shorts as a CT/retrace trade. But we'll see.
Here's what I'm looking at. Put Davit's BB's back on my chart. Please excuse the Fib clutter but kind of needed here to show the confluence areas.
Horizontals mark the ratio range I see and the basis of my plan to short the retrace. 1.72134 ratio high with a possible stretch to 1.72681. I will likely add shorts to those highs. Back to ratio low 1.69129 where PA will have to be observed for a reversal or continuation of the bull trend.
"As of now" the bull trend still seems fully intact. Hence as I have been, I still treat shorts as a CT/retrace trade. But we'll see.
Ghost Rider - WWTBMD?
- #385,716
- Edited 6:33am Jul 6, 2014 5:15am | Edited 6:33am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
GU - Weekly Here's what I'm looking at. Put Davit's BB's back on my chart. Please excuse the Fib clutter but kind of needed here to show the confluence areas. Horizontals mark the ratio range I see and the basis of my plan to short the retrace. 1.72134 ratio high with a possible stretch to 1.72681. I will likely add shorts to those highs. Back to ratio low 1.69129 where PA will have to be observed for a reversal or continuation of the bull trend. "As of now" the bull trend still seems fully intact. Hence as I have been, I still treat shorts as a...
7th-8th GBPHalifax HPI m/m -0.3% 3.9%
not euphoria follower
- #385,718
- Jul 6, 2014 6:37am Jul 6, 2014 6:37am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} bro..what d u think about current weekly candle we have at the moment .. is it a normal weekly candle ? the weekly candle consist of 1 daily cande in June and 4 daily candles in July ....
Still waiting on the 6930/00 level to evaluate just a correction or further down. No question the bull trend is fully in tact but, they do end. So as of now I have to say I see it moving higher after a correction first.
{quote} I totally agree! Please load one stochastic indicator and see that it is still above the '80' line on D1 and W1
Ghost Rider - WWTBMD?
- #385,719
- Jul 6, 2014 6:41am Jul 6, 2014 6:41am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
{quote} I guess that would depend on what you consider a normal weekly stick for Cable. A quick look at a cleaner chart here and you can see much smaller and much larger ones. So I guess in that light I'd have to say....average or....normal? While I do find candles to be useful visually, I'm more concerned with levels, confluence and the ratios of price moves myself. All the bread crumbs here seem to support a decent correction at least from this level.
Just for personal purpose and IMHO only
not euphoria follower