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Cable Update (GBPUSD)

  • #267,061
  • Dec 21, 2010 6:14am Dec 21, 2010 6:14am
Quoting Hazarder
TP 1.5461
And we bounce from your TP
  • #267,062
  • Dec 21, 2010 6:19am Dec 21, 2010 6:19am
fibo 100% on 1.5454
  • #267,063
  • Dec 21, 2010 6:20am Dec 21, 2010 6:20am
TP is 23% of today's move so far and previous day low 15483
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  • #267,064
  • Dec 21, 2010 6:21am Dec 21, 2010 6:21am
tank's my frend ... long time no see you (ZODIAK)
  • #267,065
  • Dec 21, 2010 6:27am Dec 21, 2010 6:27am
Quoting chazzle
Well done Hazarder ... I'm chancing a long scalp here sl 15
taking myself out for -8
  • #267,066
  • Dec 21, 2010 6:33am Dec 21, 2010 6:33am
85.4 fib on weekly down here

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  • #267,067
  • Edited 7:23am Dec 21, 2010 6:38am | Edited 7:23am
I go long eur usd for 100 pips and eur jpy on this price... SL 100 pips
1.3150 & 110.00
  • #267,068
  • Dec 21, 2010 6:41am Dec 21, 2010 6:41am
Quoting Cobby
85.4 fib on weekly down here

Attachment
Hi Cobby - do you see much reaction at 85.4% fib or the 14.6% you sometimes quote? A while ago I learned that 78% was the "line in the sand" that line being where a retracement becomes a reversal ... don't mean any offence , just asking
  • #267,069
  • Dec 21, 2010 6:53am Dec 21, 2010 6:53am
Support for the majors????

Top left, Dragon LTL.
Top right, EJ daily open
Bottom Left, Cable double bottom
Bottom Right, Fiber daily open.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,070
  • Dec 21, 2010 6:57am Dec 21, 2010 6:57am
Quoting Magix
Support for the majors????

Top left, Dragon LTL.
Top right, EJ daily open
Bottom Left, Cable double bottom
Bottom Right, Fiber daily open.
Hi Magix , a break and hold of 15485 on cable and double-bottom has a chance - nice bit of divergence on your chart (macd) ... have you been tempted or are you still out till next year?
  • #267,071
  • Dec 21, 2010 7:03am Dec 21, 2010 7:03am
yeah quite often... chazzle

i'm suprised that it doesn't get mentioned any where.
i only discovered it when i broke down the fibonacci series
and golden ratio (0.618)... and simply adopted it as another fib
i find it presents at the first higher low of a new uptrend on occasion too.

wouldnt use it exclusively by itself but as extra confluence
it adds to the picture...

looking back further on the weekly that 85.4 above resides at a former resistance area...

enjoy your posts by the way...
  • #267,072
  • Dec 21, 2010 7:09am Dec 21, 2010 7:09am
Quoting chazzle
Hi Magix , a break and hold of 15485 on cable and double-bottom has a chance - nice bit of divergence on your chart (macd) ... have you been tempted or are you still out till next year?
Tempted yes....

But not tempted enough to pull the trigger....

Just had a look at the charts whilst sipping my morning Java...seen the LTL that I drew on dragon yesterday and the rest just kinda popped out to me...

Yesterday was a very convincing day for the argument of staying out of market. 10 hours inside of a 17 pip window...no thanks!

Congrats to those hitting the wins on this though.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,073
  • Dec 21, 2010 7:21am Dec 21, 2010 7:21am
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  • #267,074
  • Dec 21, 2010 7:22am Dec 21, 2010 7:22am
here's a recent example of 14.6 on H1 in regard to first higher low
also a couple of other hit and holds there too...

Attached Image
  • #267,075
  • Dec 21, 2010 7:23am Dec 21, 2010 7:23am
Quoting redsword11
Attachment


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....... and out
  • #267,076
  • Dec 21, 2010 7:27am Dec 21, 2010 7:27am
Gonna try and take this back down ... not all by myself , obviously
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  • #267,077
  • Dec 21, 2010 7:28am Dec 21, 2010 7:28am
Quoting Cobby
here's a recent example of 14.6 on H1 in regard to first higher low
also a couple of other hit and holds there too...

Attachment
Ah ... I see
  • #267,078
  • Dec 21, 2010 7:29am Dec 21, 2010 7:29am
Quoting redsword11
Attachment



....... and out
eff me Red , that's blinding!
  • #267,079
  • Dec 21, 2010 7:36am Dec 21, 2010 7:36am
Quoting chazzle
Gonna try and take this back down ... not all by myself , obviously
Resistance line at daily roll here, 5m 200EMA...

Strong bullish move, might just crush on threw...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,080
  • Dec 21, 2010 7:43am Dec 21, 2010 7:43am
Quoting chazzle
eff me Red , that's blinding!


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