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Cable Update (GBPUSD)

  • #400,321
  • Sep 26, 2014 4:59am Sep 26, 2014 4:59am
Quoting hda
{quote} @the commentator: Is your 1h chart gbp/usd showing the bullish candle stick formation tweezer bottoms? Warm regards, hda
not 100% but we are on the pull back of the bull candle ,the 4 hour was best fake out of trend line i think ,,i am in the pool room so i am not by charts will go look ,regards ,,ps usd news coming ??
  • #400,322
  • Sep 26, 2014 5:03am Sep 26, 2014 5:03am
Quoting albchr
{quote} would you mean this one? 30m {image} or this one? 1h {image} take your pick imho but until it snaps out of this range? It's just a yo yo to me. :d {image} thank goodness for other pairs ... Eh?
hi double bottom thats why i said 1.6275 was it .b
  • #400,323
  • Sep 26, 2014 5:04am Sep 26, 2014 5:04am
Quoting 2012mysterio
{quote} You maybe new to FF, but you are not new to trading! Nice post.
yes, new to FF, but not to trading

@albchr

thanks!
  • #400,324
  • Sep 26, 2014 5:06am Sep 26, 2014 5:06am
Quoting DoskeII
{quote} exactly, Price can change direction @anytime.. driven by fundamental, sentiment or any global event.. Technical Analysis is only statistical reflection on past events, and forming patterns which our brain recognizes as bullish or bearish sentiment, and in most cases depends on many other factors too: as current mindset, stress level, or additional Media exposure. [including social networks] Analysis and Trading are two different things.. Ability to pull the trigger and take the profit, based on previous Homework, or threshold Pain level...

u hit the nail on the head
If i traded what i think 95% of the time..id be a very rich man
problem is i hardly do
  • #400,325
  • Sep 26, 2014 5:10am Sep 26, 2014 5:10am
Quoting albchr
{quote} Would you mean this one? 30M {image} Or this one? 1H {image} Take your pick IMHO But until it snaps out of this range? It's just a YO YO to me. {image} Thank goodness for other pairs ... eh?
@THE KING OF COMEDY:

Good morning

There you go - We have an Engulfing Bullish Candle, Tweezer Bottoms, Morning Star, your RSI on the 30M and 1H above 50 and on the 4H approaching 50 - these are the early warning signs that we are going up.

What you will finding happen in most cases is that candlestick formations will also be tested and so far, your WHITE 12 noon engulfing bullish candle on the 1H has been tested twice. Tweezer Bottoms and a Morning Star followed suit.

All I've presented here is just the theory of Japanese Candle Sticks and what the formations mean. BULLs BULLs BULLS

Again - 1H depending on the currency pair, can be seen as a lot of noise and unreliable. But for the GBP/USD - 1H is pretty decent if this is one's style of trading.

I was taught all the different styles, I just don't use them.

Let's See What Happens


HDA OUT
  • #400,326
  • Sep 26, 2014 5:14am Sep 26, 2014 5:14am
Quoting HDA
{quote} @THE KING OF COMEDY: Good morning There you go - We have Engulfing Bullish Candle, Tweezer Bottoms, Morning Star, your RSI on the 30M and 1H above 50 and on the 4H approaching 50 - these are the early warning signs that we are going up. What you will finding happen in most cases is that candlestick formations will also be tested and so far, your WHITE 12 noon engulfing bullish candle on the 1H has been tested twice. Tweezer Bottoms and a Morning Star followed suit. All I've presented here is just the theory of Japanese Candle Stick and...
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 68 KB
there you go, below close up waiting for ema ,
Attached Image (click to enlarge)
Click to Enlarge Name: 1ha.png Size: 65 KB
but it wont be that easy were on the edge of a spoiler ,,
  • #400,327
  • Sep 26, 2014 5:20am Sep 26, 2014 5:20am
Quoting HDA
{quote} @THE KING OF COMEDY: Good morning There you go - We have an Engulfing Bullish Candle, Tweezer Bottoms, Morning Star, your RSI on the 30M and 1H above 50 and on the 4H approaching 50 - these are the early warning signs that we are going up. What you will finding happen in most cases is that candlestick formations will also be tested and so far, your WHITE 12 noon engulfing bullish candle on the 1H has been tested twice. Tweezer Bottoms and a Morning Star followed suit. All I've presented here is just the theory of Japanese Candle Stick...
Yeah, that's kind of what I was saying. Guess that's why they say a picture is worth a 1000 words?

Man! ... you sure can type fast HDA. Nice explanation of what is seen there.

And ... Good Morning.
Ghost Rider - WWTBMD?
  • #400,328
  • Sep 26, 2014 5:29am Sep 26, 2014 5:29am
The spoiler could be anybody trading that double bottom the big boys will hunt it to kill the retails ,,1.6234 is the day chart 61% ,, so,,,,, hay hay hay lets be careful out there ,,,,, hill st blues ,,Dell boy will remember .lol sorry guys in good moooooood
  • #400,329
  • Sep 26, 2014 5:30am Sep 26, 2014 5:30am
OPTION EXPIRY TODAY GBP/USD 1.6305-10 (300mln)
Enter Signature
  • #400,330
  • Sep 26, 2014 5:32am Sep 26, 2014 5:32am
what those ones ?

Quoting HDA
{quote} @THE COMMENTATOR: Is your 1H chart GBP/USD showing the Bullish candle stick formation TWEEZER BOTTOMS? Warm regards, HDA
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h1 (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,331
  • Edited 5:43am Sep 26, 2014 5:32am | Edited 5:43am
Quoting HDA
{quote} @THE KING OF COMEDY: Good morning There you go - We have an Engulfing Bullish Candle, Tweezer Bottoms, Morning Star, your RSI on the 30M and 1H above 50 and on the 4H approaching 50 - these are the early warning signs that we are going up. What you will finding happen in most cases is that candlestick formations will also be tested and so far, your WHITE 12 noon engulfing bullish candle on the 1H has been tested twice. Tweezer Bottoms and a Morning Star followed suit. All I've presented here is just the theory of Japanese Candle Sticks...
if u look at the daily chart 19.09.14 (100 pips wick facing north)
that candle is an early signal, showing bull exhaustion to the topside the market is neutralising overbought conditions on a longer term creating long term bearish diverence..this is the reason why i am short i saw this months ago..
i understand diverence takes ages to play out but it suit my trading style because i can leave and forget at least while i am at work because im taking the longer term into consideration..

if u look at a yearly chart and see where we are?..we are below the yearly open..as a position trader one must be aware of these thing..many pips to yah buddy

Quoting nAVIN2007
{quote} morning charles..cable on the weekly is wedged..i was very tempted to buy (i wish i did) when price was around 1.6280 but i bottled it if u connect the last 3 lows on weekly its bouncing on the line..might consolidate for a while or bounce im in favour of the sum bitch consolidating till end of month to go down further down next month hope u making pips bro..cause i sure as hell is not {image}
look what is happening..and what i wrote
that line is a massive hurdle for longs..anything below that line is a short (descending trendline on daily)
  • #400,332
  • Sep 26, 2014 5:49am Sep 26, 2014 5:49am
Quoting nAVIN2007
.as a position trader one must be aware of these thing..
@nAVIN2007:

I better listen to you then and close my longs, forget about the swaps, grap the profit on GBP/CAD and stop trading - because - my analysis is skewed because we both see it differently.

I'm worried now. I have been so profitable these past few years consistently and you have shown me that I have be trading wrong all these years. I better give back the market my profits because I earned them from my skewed analysis and if I had only known nAVIN2007 earlier, I could be in the same position as you right now.

Well - let me use this opportunity to let the market prove me wrong just like you are doing

I hope we both make money out of this, because losses are so painful



Forex Factory Members - Let's See What Happens

GBP/USD - will be testing 1.6600 as I collected on my swaps
GBP/CAD - 1.9000



Warmest regards,
HDA OUT
  • #400,333
  • Sep 26, 2014 5:55am Sep 26, 2014 5:55am
this PA reminds me of my last fishing trip a couple of weeks ago
  • #400,334
  • Edited 6:24am Sep 26, 2014 5:56am | Edited 6:24am
Quoting cspip
{quote} Probably stop at 1.6318 for a short while.............and later 1.6357
Can try for 1.6357 again........with a bounce from 1.6303? (or 1.6295, yet again)
  • #400,335
  • Sep 26, 2014 5:59am Sep 26, 2014 5:59am
Quoting HDA
{quote} @nAVIN2007: I better listen to you then and close my longs, forget about the swaps, grap the profit on GBP/CAD and stop trading - because - my analysis is skewed because we both see it differently. I'm worried now. I have been so profitable these past few years consistently and you have shown me that I have be trading wrong all these years. I better give back the market my profits because I earned them from my skewed analysis and if I had only know nAVIN2007 earlier, I could be in the same position as you right now. Well - let me use this...

u can be right..i dont know for sure..one thing about me is:- I have no expectation of being correct over a short term..this thing can dance for a long time..it doesnt bother me
I am just showing my analysis..i understand i can be wrong in the direction, u might be right..it can bounce, ofcourse but technicaly i see bears..we must trade eliminating emotions so we may be blessed to see the chart for what it is..that is all

no need to fear the market it is all in the head and virtual..hopefully your trade is the only problem u have in life and then i will say u are blessed.
I have no idea if it going up or down for sure but the market will go one way or the other with me in the trade because i BELIEVE in my analysis..like u do in yours
I understand u was being Sarcastic btw
now lets get lucky, hopefully i get lucky first
  • #400,336
  • Sep 26, 2014 6:00am Sep 26, 2014 6:00am
short @ 1.6321 , sl: 1.6360 , tp: 1.6246
Hear the music before the song is over ...
  • #400,337
  • Sep 26, 2014 6:01am Sep 26, 2014 6:01am
Quoting nAVIN2007
{quote} if u look at the daily chart 19.09.14 (100 pips wick facing north) that candle is an early signal, showing bull exhaustion to the topside the market is neutralising overbought conditions on a longer term creating long term bearish diverence..this is the reason why i am short i saw this months ago.. i understand diverence takes ages to play out but it suit my trading style because i can leave and forget at least while i am at work because im taking the longer term into consideration.. if u look at a yearly chart and see where we are?..we...
Hi Nav - long time - I'm a position trader too and this chart should tell you why I am also long biased.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 170 KB
  • #400,338
  • Sep 26, 2014 6:02am Sep 26, 2014 6:02am
Quoting chazzle
this PA reminds me of my last fishing trip a couple of weeks ago
Now THAT'S sad man. Slow markets are one thing and no big deal but ... when the fishing is?
Ghost Rider - WWTBMD?
  • #400,339
  • Sep 26, 2014 6:07am Sep 26, 2014 6:07am
Seems cable and I arent on very good terms.

Costs me 2% to make 5%
  • #400,340
  • Sep 26, 2014 6:07am Sep 26, 2014 6:07am
Quoting chazzle
{quote} added one here with a 2 pip sl
R.I.P. on that one ....
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