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Cable Update (GBPUSD)

  • #13,201
  • May 21, 2007 2:39pm May 21, 2007 2:39pm
Seems to be the most likely outcome on cable near and medium term.
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly%20FXBPUSMUL%20projection.jpg Size: 33 KB
  • #13,202
  • May 21, 2007 2:41pm May 21, 2007 2:41pm
lol been watching euro, getting decent PA on the 30 min. 1hour still has some bite, but it's getting decent PA as well off yesterdays low.
  • #13,203
  • May 21, 2007 3:14pm May 21, 2007 3:14pm
Quoting bravado
why do you have one chart as gbp/usd and the other usd/gbp.
Ok you are right - It's a Typo "

Here , I corrected it -

( Should read Gbp/Usd )
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-21-2007-#2.jpg Size: 62 KB
  • #13,204
  • May 21, 2007 3:17pm May 21, 2007 3:17pm
Quoting Igrok
Seems to be the most likely outcome on cable near and medium term.
i just knew igrok would pop in with his diamond.
BAM BAM BOOM! -bravado
  • #13,205
  • May 21, 2007 3:18pm May 21, 2007 3:18pm
Quoting marketwavez
Ok you are right - It's a Typo "

Here , I corrected it -

( Should read Gbp/Usd )
i am a pro.
BAM BAM BOOM! -bravado
  • #13,206
  • May 21, 2007 3:24pm May 21, 2007 3:24pm
Just a simple question and need a fair answer
Why people using technical always have fun on people using fundamental, and why they act as if they are big scientists and professors and that the people using fundamental as if they are baloons sellers in the streets
I respect both, and they both must respect each other
  • #13,207
  • May 21, 2007 3:33pm May 21, 2007 3:33pm
Quoting bravado
i just knew igrok would pop in with his diamond.
What worries me is that, last time, his freaking diamond materialized. Was a smaller timeframe, if I recall...
  • #13,208
  • May 21, 2007 3:45pm May 21, 2007 3:45pm
I think you guys are all right !!! Ceasar, I don't much look into the news events and fundamentals... like you do... too much work !! But I know you are very often right... on the other hand Igrok knows his stuff too... and you all know he does !!! I think he looks more on the longer time frame and most of you guys here in this forum want to know what price is going to do five minutes from now...!!! So maybe you don't like much what he says.. but only a week or so ago, he was saying GBP/USD down down down.... and where is it ??? Down down down !!!

I think tech and fundamentals all go hand in hand... work-em together I say !!!
  • #13,209
  • May 21, 2007 3:46pm May 21, 2007 3:46pm
OK Pino2,
For me don't metter how u understand and use price action (using technicals or using fundamentals). The most important is that u understand and use price action in u trading in rigth way. If u can imagin what will be hapend, what is the difference what languge u use ... engl or french or german or ...
It’s just emotions & money
  • #13,210
  • May 21, 2007 3:53pm May 21, 2007 3:53pm
Quoting cesarnc
What worries me is that, last time, his freaking diamond materialized. Was a smaller timeframe, if I recall...

- Here 's a look at the Diamond Pattern
that you speak of from back on 4-30-07
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-04-30-2007-#1.gif Size: 20 KB
  • #13,211
  • May 21, 2007 3:53pm May 21, 2007 3:53pm
Quoting marketwavez
Here , I corrected it -

( Should read Gbp/Usd )
it does, but you forgot the A B C waves and 1-2-3-4-5 sub waves.. and james brown.

http://www.imagefreehost.com/files/2...1410065408.jpg

now that's much better.

at least for me anyway.
BAM BAM BOOM! -bravado
  • #13,212
  • May 21, 2007 3:53pm May 21, 2007 3:53pm
Quoting Val144
OK Pino2,
For me don't metter how u understand and use price action (using technicals or using fundamentals). The most important is that u understand and use price action in u trading in rigth way. If u can imagin what will be hapend, what is the difference what languge u use ... engl or french or german or ...
freaking right!

the right side is the side that gets you the money

you can trade by the stars, flip a coin, technicals, fundamentals, whatever, you know that your method is the right one if you win money at the end of the day...
  • #13,213
  • May 21, 2007 3:56pm May 21, 2007 3:56pm
Good job marketwavez
  • #13,214
  • May 21, 2007 4:00pm May 21, 2007 4:00pm
Quoting bravado
i just knew igrok would pop in with his diamond.
Whenever it happens, it's just the easiest pattern to trade. BTW here is another one in progress. The bigger and the better.
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly FXBPUSMUL.jpg Size: 34 KB
  • #13,215
  • May 21, 2007 4:01pm May 21, 2007 4:01pm
Quoting pino2
Good job marketwavez
Thanx alot , there
------------------------------------------------------

Can you see bear tracks written all over the Gbp /Usd ?
 //////////////////////////////////////////////////////////////////////////
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-04-30-2007-#1.gif Size: 20 KB
  • #13,216
  • May 21, 2007 4:02pm May 21, 2007 4:02pm
Pg2...........................
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-21-2007-#1.jpg Size: 58 KB
  • #13,217
  • May 21, 2007 4:06pm May 21, 2007 4:06pm
Quoting Tiki Trader
I think you guys are all right !!! Ceasar, I don't much look into the news events and fundamentals... like you do... too much work !! But I know you are very often right... on the other hand Igrok knows his stuff too... and you all know he does !!! I think he looks more on the longer time frame and most of you guys here in this forum want to know what price is going to do five minutes from now...!!! So maybe you don't like much what he says.. but only a week or so ago, he was saying GBP/USD down down down.... and where is it ??? Down down down !!!

I think tech and fundamentals all go hand in hand... work-em together I say !!!
Well, after all fundamentals behind Cable are now mixed and fits Igrok's scenario in the long run.

If a next rate hike comes (let's check whether or not BOE votes 9-0 for 0,25) it is likely to be perceived as toppish for 2007. That would simply make Cable buyers run for cover, if inflation shows to be under control. 9200 level was the start for the big run to 2.0131. Full retracement + further looses on the cards, yes.

In this sense the diamond makes sense here.

On strong CPI reading after this next hike then another hike comes into the traders mind.

Well, gotta consider the dollar into the equation. If China goes on "doing the right thing", dollar is favoured as shown today.

What I tend to ignore (or make fun of) is "trend reversal" being called out in a H1 overbought chart.
  • #13,218
  • May 21, 2007 4:15pm May 21, 2007 4:15pm
Euro /Usd

( Longer term )
-------------------------------------------------------
Attached Image (click to enlarge)
Click to Enlarge Name: EUR0-04-13-07-1.jpg Size: 72 KB
  • #13,219
  • May 21, 2007 4:18pm May 21, 2007 4:18pm
Why Trade with Elliott Waves ?....

-----------------------------------------
So you see Breakouts and Pullbacks !
( as posted above ... )

The Waves are always there ! ...............

-------------------------------------------------------------
Elliott Waves - Study them , Get to know them !

- Go out and read about them - !.... Go now !
  • #13,220
  • May 21, 2007 4:26pm May 21, 2007 4:26pm
Quoting marketwavez
Why Trade with Elliott Waves ?....

-----------------------------------------
So you see Breakouts and Pullbacks !
( as posted above ... )

The Waves are always there ! ...............

-------------------------------------------------------------
Elliott Waves - Study them , Get to know them !

- Go out and read about them - !.... Go now !
I say he wants a lollipop, bravado.
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