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Cable Update (GBPUSD)

  • #423,781
  • Feb 9, 2016 2:54pm Feb 9, 2016 2:54pm
Quoting elbert3
{image} something like this , stay in the upper channel
Still no confirmed trade on the Pound Dollar so gonna wait for Asia to show a set up to scalp ..
  • #423,782
  • Feb 9, 2016 3:19pm Feb 9, 2016 3:19pm
Hi L ,
Even tho I can't agree with you your obveously not the usual FF poster ,thats good ,
can take a bit of jest ,I'm happy someone criticise my charts honestly

Im not sure what you mean inner tl ,maybe you can show me ,I'm happy you can find me something to learn a little
any tl gotta make sense ,I often draw the odd 2 point in anticipation ,based on candles ,but then it would have to confirm some way
is this an inner tl on eu ? I use these all the time ,



Quoting Ll1979
{quote} Tony Nice clean chart do you have some great info on inner trendlines as well? I think we'all agree the blue circles in my post earlier should've taken me in custody by the tl police. What 's your standpoint on the inner Tl1,2 and 3 on the new chart. {image} {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,783
  • Feb 9, 2016 3:20pm Feb 9, 2016 3:20pm
Dont lose....
Good trades.
Attached Image (click to enlarge)
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  • #423,784
  • Feb 9, 2016 3:23pm Feb 9, 2016 3:23pm
here I looked it up ?
Attached Image (click to enlarge)
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Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,785
  • Feb 9, 2016 3:35pm Feb 9, 2016 3:35pm
#GBPUSD Place my stop right below the Arch...... I will let the pound stop me out on this one......... but I will not give my profit back :-)
If the Arch will be sup so let it be if not locking in profit
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2-9-16.png Size: 45 KB
"W. D. Gann said that time is the most important factor among all things."
  • #423,786
  • Feb 9, 2016 3:45pm Feb 9, 2016 3:45pm
Thanks for the info ,I have seen my friend Hussin use elipse before

http://www.forexfactory.com/showthread.php?t=148796

Quoting USDollar
{quote} The squaring of price with time means an equal number of points up or down, balancing an equal number of time periods- either days, weeks, or months. Gann suggested traders square the range, low prices, and high prices. WD Gann
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,787
  • Edited 4:09pm Feb 9, 2016 3:56pm | Edited 4:09pm
regarding gbp ,you can see other reason to think it could go up ,
in the near future , tl is lining up with pivot ,
but no touch as such
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp aud AUD channel (DFB).png Size: 36 KB
Click to Enlarge Name: gbp JPY (DFB).png Size: 24 KB
Click to Enlarge Name: 1 gbp JPY w1 channel (DFB).png Size: 38 KB
Click to Enlarge Name: 1 gbp aud AUD channel 2 (DFB).png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,788
  • Feb 9, 2016 3:56pm Feb 9, 2016 3:56pm
Quoting Bones
Thanks for the info ,I have seen my friend Hussin use elipse before http://www.forexfactory.com/showthread.php?t=148796 {quote}
Ahh yes the Elipse, I use it also for confirmation for pivot swings, and for scalping short term
"W. D. Gann said that time is the most important factor among all things."
  • #423,789
  • Feb 9, 2016 4:07pm Feb 9, 2016 4:07pm
right cool ,all seems alien to me id be happy to see examples as we go along ,

Quoting USDollar
{quote} Ahh yes the Elipse, I use it also for confirmation for pivot swings, and for scalping short term
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,790
  • Feb 9, 2016 4:50pm Feb 9, 2016 4:50pm
Quoting Mandariin
{quote} Do you want to be right or make money
I prefer being right.
"Don't fear a bubble until it starts to burst."
  • #423,791
  • Feb 9, 2016 4:59pm Feb 9, 2016 4:59pm
We better rally from here into the end of the week, or next week we slide back down toward 1.42-1.425...
"Don't fear a bubble until it starts to burst."
  • #423,792
  • Feb 9, 2016 5:03pm Feb 9, 2016 5:03pm
Quoting Mandariin
{quote} Do you want to be right or make money
... Silly me. I always thought the two went together?
Ghost Rider - WWTBMD?
  • #423,793
  • Feb 9, 2016 6:22pm Feb 9, 2016 6:22pm
Looks like rally from here, may even break last week's high. I wouldn't put long position now though, just in case it retrace a bit
Letting losses run is the most serious mistake made by most investors.
  • #423,794
  • Feb 9, 2016 7:29pm Feb 9, 2016 7:29pm
The GBPUSD stays trapped between the 1.4400 level and the 1.4500. The pair may take any direction from the current levels.
  • #423,795
  • Feb 9, 2016 10:32pm Feb 9, 2016 10:32pm
Just sold out of a long here. Were probably going higher this leg, but I usually don't trade before EU open... Just couldn't let myself miss out on that push.

Attached Image (click to enlarge)
Click to Enlarge Name: justSoldLong.png Size: 13 KB
"Don't fear a bubble until it starts to burst."
  • #423,796
  • Feb 9, 2016 10:44pm Feb 9, 2016 10:44pm
Quoting meanvel
Just sold out of a long here. Were probably going higher this leg, but I usually don't trade before EU open... Just couldn't let myself miss out on that push. {image}
Hey Michael have a great day trading
  • #423,797
  • Feb 9, 2016 10:48pm Feb 9, 2016 10:48pm
Oh, looks like that was somewhat of a top, lucky me for selling... LoL! You know, if your game is really on... You can sell out of trades within pippets of a top. Sometimes there is just like ten seconds of hesitation right as price is at resistance where everyone just stops to and wait to see if anyone else is willing to take it higher, then everyone realizes nobody is willing...

And, boom, react fast, because everyone else is about to hit the button.
"Don't fear a bubble until it starts to burst."
  • #423,798
  • Feb 9, 2016 10:51pm Feb 9, 2016 10:51pm
Quoting meanvel
Oh, looks like that was somewhat of a top, lucky me for selling... LoL! You know, if your game is really on... You can sell out of trades within pippets of a top. Sometimes there is just like ten seconds of hesitation right as price is at resistance where everyone just stops to and wait to see if anyone else is willing to take it higher, then everyone realizes nobody is willing... And, boom, react fast, because everyone else is about to hit the button.
wow really Michael would never of thought on that.
  • #423,799
  • Feb 9, 2016 10:54pm Feb 9, 2016 10:54pm
Quoting meanvel
Oh, looks like that was somewhat of a top, lucky me for selling... LoL! You know, if your game is really on... You can sell out of trades within pippets of a top. Sometimes there is just like ten seconds of hesitation right as price is at resistance where everyone just stops to and wait to see if anyone else is willing to take it higher, then everyone realizes nobody is willing... And, boom, react fast, because everyone else is about to hit the button.
Were probably going higher this leg, but I usually don't trade before EU open.

now come on michael please make your mind up will you
  • #423,800
  • Feb 9, 2016 10:56pm Feb 9, 2016 10:56pm
Quoting dean1star
{quote} Were probably going higher this leg, but I usually don't trade before EU open. now come on michael please make your mind up will you
What I was saying was, normally I would have held that trade longer, but since it's before EU open, I took it off there.

Time to wait for open now... Giant orders can hit out of the gate knocking the market every which way randomly for a few minutes.
"Don't fear a bubble until it starts to burst."
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