I'd like to echo the sentiments already expressed by others, as I also think it's great you've opened a journal, A.
I'll definitely be popping in. Have a great weekend all.
Paul
I'll definitely be popping in. Have a great weekend all.
Paul
Better-than-the-wormhole 555 replies
DislikedHi worm!
Following your idea about a "serious" thread, ill start posting some analysis to keep record on those and put them public.
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OK! Here a quick view on daily starting from harmonic view and pitchfork.
Price often test S&R.... making those kind of 5 points pattern XABCD.
Starting from 0/100 then correction of 38.2 then 78.6 next target is minimum 11.4% = reverse of 88.6 = 1.3671.
The close of today under 1.4100 wasen't good enough yet to get under 1.4068 but help to beleive that 1.3671 will come sooner then later....Ignored
DislikedHi Worm,
My point of view long term for GU is simple.. I use fibs,S/R, and PA...Also, Fundamentals.
On my daily chart, I have the 1.3750-1.3800 as my support zone for a Possible Reversal based on the 76.8 fibs.
IMHO, I don't see anymore news for the months from the GU that will weaken any furthur after the rate cut...
I believe for the next few weeks GU will be consolidation and buildup for launch back up toward the fib levels 23.6,38.2,50.0,61.8,76.8 retracement.
If the 1.3750-1.3800 possible reversal...Ignored
DislikedI also looked at this chart but have a completely different perspective.
I drew my Fibs from the down move from early Jan to 23rd where it reversed and bounced off the 76 fib almost to the pip
The trend is down and fundamentally the pound is extremely weak.
I think it will continue down to at least 1.36, maybe a lot further..
Of course I could be wrong but I'm bearish the pound anyway.
I think it may bounce around 1.36 tho
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DislikedRggit GL to you too.
Don't you just love this market - lol.
BTW the Cots report is also net short.Ignored
Dislikednice gartley pattern but time seems to be running out on time. this needs to move hard and fast to target area. Friday upthrust maybe just the ticket to catapult through the base through support when the early longs cover fully. time will tell
Whipped up a metatrons cube cable 4hr, working off of control points twin target boxs should contain dowsideIgnored
Dislikednice gartley pattern but time seems to be running out on time. this needs to move hard and fast to target area. Friday upthrust maybe just the ticket to catapult through the base through support when the early longs cover fully. time will tell
Whipped up a metatrons cube cable 4hr, working off of control points twin target boxs should contain dowsideIgnored
DislikedIgnored
DislikedHi! thx for comments!
I totaly understand your point. But notice it took 22 bar to make the first XAB move and we are now at 15 on the potential BCD move.
I see that we are looking at the same area but i would love to know how your get those trendline since any connection between low under 1.3680 line dosen't match this one?!?
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DislikedWell, I am not particularly familiar with the method you & inz are talking about, but let me see if I can get it right. You mentioned about the Friday upthrust. Is that like a warning or an indication some sort for a reversal? Because between January 8th to January 23rd I see a similar upthrust before the massive drop & likewise a huge 1500 pips reversal. Is that what that means. You guys will have to excuse the ignorance. And Orion, you lost me with the second chart mate Is that Gann?
CheersIgnored
DislikedThanks for the invite Wormboy,id love to participate here ...for me cable is unclear to bearish,im looking to see how we close tonight.Ignored