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Cable Update (GBPUSD)

  • #405,561
  • Nov 28, 2014 10:05am Nov 28, 2014 10:05am
right then bullish then

Quoting timos
{quote} What if we look higher? Monthly anyone ? http://prntscr.com/5b2r2r Full bear candle almost without retrace.New month begins from monday...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #405,562
  • Nov 28, 2014 10:07am Nov 28, 2014 10:07am
Quoting PhAnTi'
off for the weekend, cheers. {image}
+1 for that.Some demand there.My tp is there too
I would suggest to take pending order off for the weekend.Could open with gap on monday. Better to place it back on monday morning.
  • #405,563
  • Nov 28, 2014 10:09am Nov 28, 2014 10:09am
Quoting timos
{quote} What if we look higher? Monthly anyone ? http://prntscr.com/5b2r2r Full bear candle almost without retrace.New month begins from monday...
"GOOD Call" timos...

I hear that...
I have been Concerned all Along,
that a Wave-5 on the Monthly, Never Really Happened, from the 2008 "Crash".

-It was a Lonnng Violent, Wave 3 down, -if you take the time to look at it,
Unless "Parsed" at the very end of the wave, you somehow could make it into a wave-5. -?
I Dunno...

This whole thing "Since Then" has been a "Choppy" up & down period,
for Month's, -Since 2008. -Which could be seen as a "Corrective Wave-4" pattern,
with one last Wave-5 Down, -@Some Point.

Just my thought's from the "Peanut Gallery",

Jeff Out
I will work to Objectively Identify my Edges
  • #405,564
  • Nov 28, 2014 10:11am Nov 28, 2014 10:11am
Quoting timos
{quote} What if we look higher? Monthly anyone ? http://prntscr.com/5b2r2r Full bear candle almost without retrace.New month begins from monday...
iam long EU and GU since last monday opening for weekly, got 0 for GU 'coz it back to my SL at OP. also trying pingpong and got -16.1 point EU still holding in +. Iam not sure for next weekly or monthly in GU. Iam out for next weekly and monthly in GU.
If Being a Good Man is a "Fool", So I'll Be Happy to be a "Fool"
  • #405,565
  • Nov 28, 2014 10:15am Nov 28, 2014 10:15am
Quoting TerpFan2
{quote} "GOOD Call" timos... I hear that... I have been Concerned all Along, that a Wave-5 on the Monthly, Never Really Happened, from the 2008 "Crash". -It was a Lonnng Violent, Wave 3 down, -if you take the time to look at it, Unless "Parsed" at the very end of the wave, you somehow could make it into a wave-5. -? I Dunno... This whole thing "Since Then" has been a "Choppy" up & down period, for Month's, -Since 2008. -Which could be seen as a "Corrective Wave-4" pattern, with one last Wave-5 Down, -@Some Point. Just my thought's from the "Peanut...

Man...waves,hh ,patterns etc are bs for me
This market works like every other market.Supply and demand.That's what's all about.On monthly chart there is some demand at 1.55 but if supply exceeds it,it could go through easily.We will see ....

Hint* See what happens with oil recently.Go weekly - monthly charts,what you see??
  • #405,566
  • Nov 28, 2014 10:15am Nov 28, 2014 10:15am
where it will end this trend of cable when it will turn around
  • #405,567
  • Edited 10:50am Nov 28, 2014 10:16am | Edited 10:50am
this is not a bullish pattern ,d1 now is dark cloud+upper wick =high probability ,then confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #405,568
  • Nov 28, 2014 10:18am Nov 28, 2014 10:18am
Quoting Lavanda
{quote} It's a pity, it was a quite good thread when you, Global Macro, Bones, and some more were at this place.
i know what you mean
  • #405,569
  • Nov 28, 2014 10:23am Nov 28, 2014 10:23am
Quoting NewStart
{quote} iam long EU and GU since last monday opening for weekly, got 0 for GU 'coz it back to my SL at OP. also trying pingpong and got -16.1 point EU still holding in +. Iam not sure for next weekly or monthly in GU. Iam out for next weekly and monthly in GU.
I am unsure about euro too.
Swiss vote could affect euro
  • #405,570
  • Nov 28, 2014 10:31am Nov 28, 2014 10:31am
Quoting Bones
this is not a bullish pattern ,d1 now is dark cloud+upper wick =high probability ,then confirmation {image}
Roger Bones,
And Timos...

I will "Go Look @Earl, (Oil) when 'get a chance here...
Understood on the Wave-Set's (thing). They are sometimes hard,
to "Decipher" or often a "What if" game...
I still like them as 'part of the picture of what we're trading.
-But i get your point on 'Supply & Demand. "Anything" can happen!

Happy Thanksgiving Bones,
Hope all is well, -Thx for the "Dark Cloud Cover";
I think i was looking more at the Weekly / Monthly being Oversold.
But again that does depend on 'Supply / Demand / where the Market
wants to drive it. -We've hit a 61.8 on this pair- Pretty Long Run.
'Could do more, and 'could also be a longer Trend Change, "South".

-We Shall See, eh?
Best of All Gang,

Jeff Out
I will work to Objectively Identify my Edges
  • #405,571
  • Nov 28, 2014 10:41am Nov 28, 2014 10:41am
Quoting timos
{quote} This pic is for you my friend {image}

Picked up some longs @ 1.5616 see you on the upside
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 11-28-14.png Size: 155 KB
"W. D. Gann said that time is the most important factor among all things."
  • #405,572
  • Nov 28, 2014 10:41am Nov 28, 2014 10:41am
Quoting garmin12
where it will end this trend of cable when it will turn around
Garmin,

"Nobody Knows"...
And if they do, they wouldn't tell you- or i, -Mary Jane, or "Sally Sue",
for that matter.

All you can do in this "Game" is 'Play the Edges you see',
Take Profit, -wipe off a loss, (minimize them), & do it all over again,
time & time again, "Playing" your 'Edges'...

That's about it. -You see a pattern, -Pounce on it, but it must be,
w/some of your own Forethought. -If not you'll blame me, (not saying you are),
-Billy Bob, Sally Sue, the "Market", -your Wife, your dog, Whoever- Whatever,
for your mistakes. Ie People Stressing you, Trade News, whatever.

-Play YOUR Edge, take Responsibility for it, let her roll, -then manage it to completion.
Don't marry it, End it, move on & try it all over again.
Best of All,

Jeff out
I will work to Objectively Identify my Edges
  • #405,573
  • Nov 28, 2014 10:43am Nov 28, 2014 10:43am
Quoting USDollar
{quote} Picked up some longs @ 1.5616 see you on the upside {image}
You got an 8-pip Entry "Better" than me mate!
i'm Jealous...!
-Best of "Pipping",

Jeff out !
I will work to Objectively Identify my Edges
  • #405,574
  • Nov 28, 2014 10:53am Nov 28, 2014 10:53am
Quoting garmin12
where it will end this trend of cable when it will turn around
One of the Very famous trader wrote the underlined couple of days ago and i copied and pasted in my documents and i m copying and pasting for you this seems very helpful.

The fact of the matter is that no one can know how price will move next,....except the MMs that will move it: in whichever direction, however far, and whenever they decide to. And they are not telling anyone anything in advance A lot of these writings that FF posts are just opinions, and sometimes intentional "plants" to get traders to have a wrong bias. And a lot of responses are equally worthless.

  • #405,575
  • Nov 28, 2014 10:54am Nov 28, 2014 10:54am
I'm Loving seeing these (7) Pip Spread's,
from 'Broker... when it's usually (2-or 3)...

Is this on:
__Low Volume,
-or
__ An 'Intense' Fight beginning to be had,
in the "North-South" Game?

I will work to Objectively Identify my Edges
  • #405,576
  • Nov 28, 2014 10:55am Nov 28, 2014 10:55am
Quoting Dr.Zain
{quote} One of the Very famous trader wrote the underlined couple of days ago and i copied and pasted in my documents and i m copying and pasting for you this seems very helpful. The fact of the matter is that no one can know how price will move next,....except the MMs that will move it: in whichever direction, however far, and whenever they decide to. And they are not telling anyone anything in advance A lot of these writings that FF posts are just opinions, and sometimes intentional "plants" to get traders to have a wrong bias. And a lot of responses...
Roger That!
I will work to Objectively Identify my Edges
  • #405,577
  • Nov 28, 2014 10:56am Nov 28, 2014 10:56am
It's not over yet folks... Looking to hit at least 5584...
Peace & Pips
  • #405,578
  • Nov 28, 2014 10:58am Nov 28, 2014 10:58am
Since yesterday at Europe opening GBP is plunging down with out any fundamentals or technical!!!!!
  • #405,579
  • Nov 28, 2014 11:00am Nov 28, 2014 11:00am
Quoting Dr.Zain
{quote} One of the Very famous trader wrote the underlined couple of days ago and i copied and pasted in my documents and i m copying and pasting for you this seems very helpful. The fact of the matter is that no one can know how price will move next,....except the MMs that will move it: in whichever direction, however far, and whenever they decide to. And they are not telling anyone anything in advance A lot of these writings that FF posts are just opinions, and sometimes intentional "plants" to get traders to have a wrong bias. And a lot of responses...
MM can make the market but up to a point.They can't change the trend (if a country is doing worse than the other,eg u/j )
  • #405,580
  • Nov 28, 2014 11:00am Nov 28, 2014 11:00am
OOOPS!
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