I am willing to bet the farm, that guppy cannot retrace that high.
You too would trade a morning star without any other technical ananlysis?
You are going to see a long bear bar, that would make an evening star?
so say final 150ās for GU pushing guppy to low 180ās high 179ās
I just started trading the guppy hourly and I am enjoying myself emensely. The sideways movement makes the candles easy to predict and I can take 25-40 pips an hour. I read alot on this particular thread to get everyones ideas of where they think the guppy is headed. So thanks all for the info.
Soon I should be able to have input of my own.
Thats right. I would trade a morning @ a trendline. I trade the last Engulfing Bearish Candle at the trendline @ 212 so I wouldnt hesitate going Long on a morning star. I trade directly from what I see on the charts after Iāve attach my study.
What a snobbish attitude from someone I know has blown many accounts and shows no signs of stopping. I say it is useful for helping me predict price movements. It is just assumed by real traders that this translates into profit.
Also if you actually read what I said, this is an IF, THEN scenario. Iām not calling for a retrace unless it CLEANLY breaks 200, and it has neither done that or closed its gap on the weekly charts. I am not going short because I am seeing very strong support at the 190 level. Shorts might also see this and give up on their short selling, leaving the remaining bulls to push the price above 200 up to possibly the 210 level. What happens at this point is anyoneās guess.
I sold all my longs up there and had to get some more.
Things are exploding, and tight, but balance is increasing.
FXSOL charting still sucks and they wont fix their crappy bugs,
I am starting to think it is dilberate, how many error reports do they need to debug their buggy charting software?
Too bad I cant go back to advanced get charts for a resonable price.
Esignal so far has the best charting softwARE and best data feed I have ever used. But the feed is like $100/mo and the software is 4K USD I think.
So no one can recommend a fx broker? after this run I am ditching FXSOL due to piss poor service, they only want to take my money and not fix anything, their technical department is clearly ignorant as a result of follwing what they said I had to do to fix their software entailed my .net which WAS working fine until I did what they said. Now my .net is all screwed up and I am trading without a chart, and guppy still didnt beat me.
But she sure was close. I paniced and should have NOT bought more longs
and held those 25 shorts down from 197.50
FXSOL wins the award for worst service ever after all this time of ignoring me,
and refusing to fix their buggy software. I am a hardware engineer, so software is just not my thing, otherwise I coudl fix it myself.
But now it is even more screwed up as a result of their technical help,
from a guy named Dean, who showed me how to screw up my software worse and then continues to ignore me.
So until I find another broker or take the time to learn the MB trading platform
I am stuck with FXSOL. Too bad they cant get their software fixed.
But in the mean time I guess I will keep sending error reports 9 times a day or however many times it craps out.
FXSOL should get a little smarter if they want to build their customer base.
STeve at MB trading runs a thread at the feench fry farm and immediately addresses his costomers concerns and issues, maybe someday fxsol can get smarter and follow suit and focus on excellent customer service, bec ause they are severly lacking in that department as far as I can tell at least as it relates to me AND MY MULTIPLE fxsol ACCOUNTS.
But if the lord is not willing the world could end tomorrow and none of this guppy stuff will really matter.
the pound is going down to new lows and I expect the guppy to follow,
I will hold my shorts LT as LT things are looking very bad for the GBP and the guppy.
I didnt bet the farmā¦yet. I have a boatlod of longs already and have entry stops long if she breaks from 197.50 which she may briefly with this bailout.
Restoring confidence is the issue, not that they are using funny money to doo it with. And its amazing that amercians in general ARE that ingornat particularly the ones on wall street accepting USD as valuable. Its value is an illusion, and anyone holding USD over gold or silver is a fool. And I think in the end anyone holding USD or GBP over the YEN will also be a fool. But for now we will see how long the bulls can rock us before the reality of the demise we are all in hits them/us, and she falls like a hot rock in the deepest ocean.
gj120.zip (84.4 KB)
4H looks similar. BBs extremely narrow, minor up TL, MACD> H20 line. but less than signal and heading down.
Instead of GY, Iām loading up on K-Y. Might need it after the banksters do their thing.:eek:
So no one can recommend a fx broker?
I suggested IBFX not too long ago.
Also take a look at the 2H 3H 4H and daily and maybe even weekly.
I like the 60M it is 5X12 and 10x6. The 6M is my favorit chart, but it is not beyond me to trade the 3M 2M and even 1M charts. My uncle used to use a 1 3 5m chart. For guppy 1M is insane but check your 1 Min on any reversal you see in your 60 min when it is NOT traveling sideways. Sideways in guppy is heaven for a scalper like me. The key is to study her moves to learn her mysteries. And always know the guppy is on the spot and at any moment she can do anything even when you think the market is closed. It is safest not to carry trades over the weekend, at least not guppy especially if you are using SLās. I am certain traders can see your Slās before open and eat them before you can do anything but frown. Guppy is an addiction and can be costly if you let her roll you she is the higest class and will help you spend ALL your money if you let her. But dont be fooled for every dollar lost someone wins it. So if you trade right you could make a pile.
Had to give her a buck as I am uncomfortable when margin available for useage gets near $100. I think this is a great place to get long.
But you all be the judge study the chart take a look at it for yourself.
I still have some shorts costing me interest drawdown.
acct bal 1139.07 drawdown 822.92 equity 316.15 used margin 133.49
useable margin 185.42 (100 just added).
Not much equity at 16.15 She could go anywhere from here but I am betting up ATM.
ā¦ so itās just another post.
It was evident US Gov will try to push the legislation through. Although buying bankers debts looks like a done deal they will please the public with some spins like: weāll cut executive salaries etc, they have to throw some decapitated heads rolling.
As the others are in a pit hole as well (as for now) UK Gov is bailing out one the biggest mortgage lenders (B&B), Belgians are bailing out their Fortis bank.
All in all the question is which lady (EUR, GBP, USD) looks more ugly ?
GBP opened with a gap down, USD up. So crosses like GBP/JPY will be stuck in the range for some time as also risk aversion is gonna to ease (I wonāt be suprised to see DJ 30 flying up tomorrow).
Too much of a confusion in this pair. I will stand on the side lines focusing on other pairs for now.
Of course, Iām Guppy addict so I will short her to the 191.00 levels for now(approx is equal to the bottom of the rising Ichimoku cloud 190.80).
Any other calls ???
Pakiestra, I believe that you are right to be confused and stay out for a bit.
My indicators are mixed. The daily show that $ should go up.
The w and m charts say down.
I am waiting for a 197 break ( the 200 ema on the 4H chart) to buy .
I shall sell < 193
Looks like strange things are going around. Either there is another partisan fight around the plan or liquidity is at scarce (end of month and III Q). Initially indices were all up and now Europe is 3% down, looks like markets donāt bother about plan or the system is really in critical stage. Weāll see wild moves today I bet.
So far shorts went nice, now are being oversold so will wait for a bounce (if any) and short her again. from 192, 193 levels.
DJ 30 -5%, Asian markets futures -7% that looksā¦:eek:pretty scary. Just a melt down. Forget about Guppy ralling to Mexican border. Now she wears a bear fur cause is freezing cold down under on the South Pole.
I may go and check High Street to join the line before my bank opens:eek:
Wild moves as predicted.
Why is so quiet here ??? Is everybody lining up already ???:eek:
well i think elijiah has blown another account:eek:
well he is not alone, maybe lehman bros were long the guppy too.
iām just freaking out:eek:
i was thinking the bail out was going to safe my girl:eek:
oh noā¦there is no bottomā¦ there is no moneyā¦anywhereā¦
if the US cant helpā¦then who canā¦GODā¦i thought the US was GOD:confused:
what has Ichimoku got to say for himself now?
can anyone see a rally back up to 191ā¦192ā¦or is this itā¦
is it all over 178 and beyond
Wild moves as predicted.
Why is so quiet here ??? Is everybody lining up already ???:eek:[/QUOTE]
I was working AND when possible SHORTING. 548 pips today.
Still trying to make sense of mixed signals ( but as I mentioned in a previous post, the dang FUNDAMONALS throw the most seductive T an A on its posterior).
On my 4H, MACD down and STO o/s. It appears the low today was previous support on Sept 4 (1600) Sept 5 (800) Sept 11 (800) ans Sept 16 (800).
Is this the end for a bit? Going to check another charting platform for long term indicators. I am curious about your indices.