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Cable Update (GBPUSD)

  • #413,501
  • Apr 16, 2015 1:59pm Apr 16, 2015 1:59pm
oooops!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 6 KB
Fix up, trade sharp ...
  • #413,502
  • Apr 16, 2015 2:07pm Apr 16, 2015 2:07pm
Quoting Spudforex
{quote} well sorry to say Dano but this morning ur consolidation move equated to a 150 pip move higher and the previous low was a pull back u sure u got a fix on this ?
I know but I wrote denied the pull bac in the morning and shs, so rotation per L and close to next resistance, action and reaction

and http://www.forexfactory.com/showthre...09#post8209609 I meditated before, whether there will be greater correction
  • #413,503
  • Apr 16, 2015 2:35pm Apr 16, 2015 2:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_W.gif Size: 201 KB
  • #413,504
  • Apr 16, 2015 3:14pm Apr 16, 2015 3:14pm
Quoting Dano12
{image}
Respect Dano ..
  • #413,505
  • Apr 16, 2015 3:49pm Apr 16, 2015 3:49pm
Quoting elbert3
{image} watch the 5 min chart here , if it goes ??
just back in good call ,,,,,,hic,,,
  • #413,506
  • Apr 16, 2015 4:43pm Apr 16, 2015 4:43pm
This was option 2 in mind.
We got a breakout and retest last week.
No closed break above 1.5 yet.
Closed today below 61.8 fib
Closed yesterdays shorts at 50 and 61.8 fibs this morning.
Will wait for next week to see about shorting again or not.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 32 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 32 KB
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  • #413,507
  • Apr 16, 2015 4:50pm Apr 16, 2015 4:50pm
lool what's good cable thread .. suddenly everyone is drawing TLs ...

weekly engulfing if better or like this ...
Attached Image
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  • #413,508
  • Apr 16, 2015 4:58pm Apr 16, 2015 4:58pm
I see it hick ,see how we play tomorrow , gonna be one of them lets see it over 1.5 ,been real cheeky ,anyway fit the $ weakness


Quoting Hickson
lool what's good cable thread .. suddenly everyone is drawing TLs ... weekly engulfing if better or like this ... {image}
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  • #413,509
  • Apr 16, 2015 5:01pm Apr 16, 2015 5:01pm
Quoting Hickson
lool what's good cable thread .. suddenly everyone is drawing TLs ... weekly engulfing if better or like this ... {image}
when it closes above last weeks high it's engulfing as I understand it, but I'm not very good at terms.
Once it gets a closed break above 1.5 I would think it is more than a fake out and be bullish
Breakout and retest pretty clear on weekly chart as I see it.
What's wrong with TL's?, they are a part of trading
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
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  • #413,510
  • Apr 16, 2015 5:06pm Apr 16, 2015 5:06pm
Quoting Hickson
lool what's good cable thread .. suddenly everyone is drawing TLs ... weekly engulfing if better or like this ... {image}
Oh, I think you were anticipating weekly engulfing.
Sorry, misunderstood



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  • #413,511
  • Apr 16, 2015 5:14pm Apr 16, 2015 5:14pm
Hi this is an engulfing as is ,if it closed above previous high that would be very bullish

Quoting Hickson
lool what's good cable thread .. suddenly everyone is drawing TLs ... weekly engulfing if better or like this ... {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #413,512
  • Apr 16, 2015 5:14pm Apr 16, 2015 5:14pm
could take some HULKLIKEHELLFIRE to overcome this downdraft.
Interesting time for sure
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Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
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  • #413,513
  • Apr 16, 2015 5:16pm Apr 16, 2015 5:16pm
Quoting Bones
Hi this is an engulfing as is ,if it closed above previous high that would be very bullish {quote}
Does engulfing only count bodies?
Although yes we took out last weeks low
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  • #413,514
  • Apr 16, 2015 5:24pm Apr 16, 2015 5:24pm
http://www.investopedia.com/terms/b/...ingpattern.asp
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  • #413,515
  • Apr 16, 2015 5:28pm Apr 16, 2015 5:28pm
as I understand it your talking about the bodies in candles


Quoting Ill-b-back
{quote} Does engulfing only count bodies? Although yes we took out last weeks low
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  • #413,516
  • Apr 16, 2015 5:32pm Apr 16, 2015 5:32pm
here ibb real candle trader

http://www.forexfactory.com/showthre...06#post7416906

Quoting Ill-b-back
http://www.investopedia.com/terms/b/...ingpattern.asp
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  • #413,517
  • Apr 16, 2015 5:34pm Apr 16, 2015 5:34pm
but this one has probloms ,without confirm ,
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  • #413,518
  • Apr 16, 2015 5:35pm Apr 16, 2015 5:35pm
Quoting Bones
as I understand it your talking about the bodies in candles {quote}
yes
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  • #413,519
  • Apr 16, 2015 5:36pm Apr 16, 2015 5:36pm
cool I hope we are cool

Quoting Ill-b-back
{quote} yes
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  • #413,520
  • Apr 16, 2015 5:38pm Apr 16, 2015 5:38pm
Quoting Bones
here ibb real candle trader http://www.forexfactory.com/showthre...06#post7416906 {quote}
Yes I know him, and in his example it is engulfing the candle itself not just the body.
But how does this help with my query?.
Is the definition I posted wrong or am I missing something
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