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The Captain replied Sep 26, 2010Good man. This is could be a tough one to break.
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The Captain replied Sep 26, 2010Really surprised to see everyone going long here. Here's a GU daily - some of you might want to rethink your longs..
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The Captain replied Sep 24, 2010Ok guys I gave you my chart earlier. Same game plan if she breaks out of the top at 5695. As long as she is above 5660 she is bullish, but be careful at the top of the trendline I showed. Sellers may be there, just as buyers will be on the lower ...
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The Captain replied Sep 24, 2010Sellers defending but buyers are persistent, be cautious.
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The Captain replied Sep 24, 2010Make sure you have a tight stop on the other side of that trendline!
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The Captain replied Sep 24, 2010Coming up for another retest.. 5660 is where the seller should be.,. wait for confirmation! Hopefully she makes it
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The Captain replied Sep 24, 2010Buyers coming in.. close and wait for bigger retest! Or at least book some profit
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The Captain replied Sep 24, 2010Everyone should be on board now from the retest with pips in the bank!
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The Captain replied Sep 24, 2010Ok everyone GU broke.. now notice how sellers are defending the line! Dial down to a 5 minute
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The Captain replied Sep 24, 2010Look bigger once again my friend and it will all become clear!
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The Captain replied Sep 24, 2010If she makes it back up.. Try a scalp of 5695 for a bit of a run back down. Get SL to BE quick. Wait to see if sellers are coming in and don't take it if she heads up like the space shuttle either. I would'nt be touching the lower trendline anymore.
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The Captain replied Sep 24, 2010LOL a fellow computer geek I see! Daniel, any trendline can be broken. When trendlines are converging a price is getting tighter and tighter then there is normally a nice breakout that occurs. Many different ways to catch them, but I prefer on a ...
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The Captain replied Sep 24, 2010If she breaks north, the next stop will probably be 573x.. South she'll prob go all the way to 5600 and find resistance there.
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The Captain replied Sep 24, 2010Ouch! Stay hesitant you'll get it back. Wait for a break out and retest of the trendline. Dial down to small time frames and look for some price action of buyers/sellers defending the line as price comes back for the retest. It's anyones guess which ...
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The Captain replied Sep 24, 2010Better believe she can brother! But those TL's are converging and the end of the road is near..she can only go one way.
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The Captain replied Sep 24, 2010Damn would you look at that! Off by 1 pip again for the second time tonight. Must not be my night
Booked another 15.Cable Update (GBPUSD)
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The Captain replied Sep 24, 2010I'm surprised that nobody here is looking at the obvious. The higher the time frame S&R or trendline, the stronger it is. A 15 minute trendline doesn't mean shit when you're going up against 2 giant 4 hour ones. Booked a quick 30. Watch for the ...
Cable Update (GBPUSD)