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Cable Update (GBPUSD)

  • #13,221
  • May 21, 2007 2:27pm May 21, 2007 2:27pm
Longer-term trend reversal better be viewed on the swissy. It's an obvious and perfect horizontal channel or a rectangle. The upper border is the next target.
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly FXUSSFMUL.jpg Size: 31 KB
  • #13,222
  • May 21, 2007 2:29pm May 21, 2007 2:29pm
Quoting Igrok
Whenever it happens, it's just the easiest pattern to trade. BTW here is another one in progress. The bigger and the better.
Quoting marketwavez
Thanx alot , there

Can you see bear tracks written all over the Gbp !
 //////////////////////////////////////////////////////////////////////////
http://www.imagefreehost.com/files/2...1410065408.jpg

can any of you tell me why. igrok or marketwavez.
BAM BAM BOOM! -bravado
  • #13,223
  • May 21, 2007 2:31pm May 21, 2007 2:31pm
Quoting cesarnc
I say he wants a lollipop, bravado.
i had one. but i eated it.
BAM BAM BOOM! -bravado
  • #13,224
  • May 21, 2007 2:33pm May 21, 2007 2:33pm
Quoting bravado
http://www.imagefreehost.com/files/2...1410065408.jpg

can any of you tell me why. igrok or marketwavez.
It is not a diamond on the sample picture.
  • #13,225
  • Edited 3:06pm May 21, 2007 2:44pm | Edited 3:06pm
Quoting bravado
http://www.imagefreehost.com/files/2...1410065408.jpg

can any of you tell me why. igrok or marketwavez.

Markets at times become overbought -

( I'm sure that you have heard the word overbought when trading before )

Elliott waves teaches you how to find theses " Overbought Conditions "

Go out and read about Elliott Waves - They will help you !
------------------------------------------------------------------------------------

See this Euro chart-

How could it go up and up forever ?

Also obsereve how the last candle bar got smaller right at the market top!

Is this not Exaustion ? .......What do you think ?...
Attached Image (click to enlarge)
Click to Enlarge Name: EUR0-04-15-07-1.jpg Size: 54 KB
  • #13,226
  • May 21, 2007 2:53pm May 21, 2007 2:53pm
Quoting Igrok
It is not a diamond on the sample picture.
Quoting marketwavez

Markets at times become overboght -
( I'm sure that you have heard the word overbought before )
thanks for clearing that up. now it is crystal clear.
BAM BAM BOOM! -bravado
  • #13,227
  • May 21, 2007 2:58pm May 21, 2007 2:58pm
Quoting pino2
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
Ahahaha.... that's funny. I'd rather be the balloonatic than the scientist. I often compare religious beliefs or not and trading strategies. So much of what people believe as 'true' about their belief system on trading is held in such a regard as heresy if you oppose it. It's like the church of pip. Seeking blessing from st fibonacci. The trendline order of pennants. Let us not forget those Elliot wave cultists.....lol.
  • #13,228
  • May 21, 2007 2:58pm May 21, 2007 2:58pm
Quoting bravado
thanks for clearing that up. now it is crystal clear.
Ok. I elaborate. It's just a case of mistaken identity. The fact that marketwavez drew some lines didn't make the pattern what he wanted it to be. Real diamonds supposed to be rhombs containing two parts put together: a broadening triangle followed by a normal one. If you look for one in his pattern you are not going to find any.
  • #13,229
  • Edited 3:13pm May 21, 2007 2:59pm | Edited 3:13pm
If these charts are confusing and make no sense to you -Its o.k.
These charts are not put here for everyone !

_The message contained in them will register with the right people !
--------------------------------------------------------------------
News, Reports , Meetings , Funny-mentals ,and Oscillators
are simply , not for the Elliott Waves trading method
- but it is good for some other forms of trading !
-------------------------------------------------------------------
Nelson Elliott who created Elliott Waves
did not use News or Meetings or Oscillators - So why should we ?

If it was good enough for him .////

Why isn't this truth good enough for you ?
-------------------------------------------------------------------------
Funny-mentals and News have Value yes ,
- I am not discrediting them... Just use them Elsewhere ....
Do not use them if you are trading with Elliott Waves , That's all !

--------------------------------------------------------------------------
Elliott Waves is a Contrarian Mechanical Method of trading
- It does not require the Use of Oscillators , News , Reports ,or Meetings
------------------------------------------------------------

Elliott Waves

Do they work ? ..............for some traders Yes , for others No !

It all comes down to how you learned the waves and
what you are exposed to as a trader ..........

Succesful Trading all comes down to your Education !
----------------------------------------------------------

PLAN your Trade .................. TRADE YOUR PLAN !....http://www.fxsurfer.com/forums/images/smilies/smile.gif
  • #13,230
  • May 21, 2007 3:03pm May 21, 2007 3:03pm
Quoting Igrok
Ok. I elaborate. It's just a case of mistaken identity. The fact that marketwavez drew some lines didn't make the pattern what he wanted it to be. Real diamonds supposed to be rhombs containing two parts put together: a broadening triangle followed by a normal one. If you look for one in his pattern you are not going to find any.
Can you post an chart example -
thanx alot
  • #13,231
  • May 21, 2007 3:09pm May 21, 2007 3:09pm
wow.. what I mess...

Needing sunglasses to read this thread

  • #13,232
  • May 21, 2007 3:10pm May 21, 2007 3:10pm
Quoting marketwavez

These charts are not put here for everyone


Thread's quality breaking out down again

  • #13,233
  • May 21, 2007 3:14pm May 21, 2007 3:14pm
the words i spek to you were used to locate
  • #13,234
  • May 21, 2007 3:15pm May 21, 2007 3:15pm
Quoting marketwavez
Can you post an chart example -
thanx alot
Easy. Here is the one on EUR/USD. Single-diagonaled one like the one you have tried to present. But in such patterns break out always occur in the direction opposite to the direction of the longest diagonal.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily FXEUUSMUL.jpg Size: 23 KB
  • #13,235
  • May 21, 2007 3:17pm May 21, 2007 3:17pm
Quoting cesarnc
wow.. what I mess...

Needing sunglasses to read this thread

Ok I am not here to upset you -
I hear you loud and clear

-------------------------------------------------
So I will go to another thread ...... Stay happy !
  • #13,236
  • May 21, 2007 3:19pm May 21, 2007 3:19pm
Secretary Paulson speaks tomorrow, anyone trading the news?
  • #13,237
  • Edited 3:36pm May 21, 2007 3:26pm | Edited 3:36pm
Quoting Igrok
Easy. Here is the one on EUR/USD. Single-diagonaled one like the one you have tried to present. But in such patterns break out always occur in the direction opposite to the direction of the longest diagonal.
Hi there , I am very appreciative of what you have to say ....

but looks there are others that don't want to see charts
they want to see words on a page to discuss the markets

They don't want to see Visually what's happening in the markets .....

---------------------------------------------------------------
and I really don't want to argue with anyone in here
any way
we probably could have some good chart discussions and would learn from them
but why stay some where where you are not appreciated ?
... Who needs that really ! .................

I am new here to this thread -
and would like to share what I see ......
---------------------------------------------------------------------
- but not in a hostile environment
which is where this appears to be headed ! .......
-----------------------------------------------------------------------
So in attempt to keep the peace
I a will respect the words of
Quoting cesarnc


Thread's quality breaking out down again

[quote=cesarnc;1447159]wow.. what I mess...

Needing sunglasses to read this thread
  • #13,238
  • May 21, 2007 3:28pm May 21, 2007 3:28pm
Quoting Kn1vez
Secretary Paulson speaks tomorrow, anyone trading the news?
Worse than that:

17:54 Tomorrow's meeting between Paulson and Chinese officials likely to be closely watched.

This is what I mean on "fundis":

Those gentlemen are not going to talk about diamonds, waves, overbought, oversold. Paulson is not going to tell the Chinese: "Hey buddies, you gotta cut Yuan lose, you know? USD-index is too oversold in the weekly"
  • #13,239
  • May 21, 2007 3:31pm May 21, 2007 3:31pm
Quoting marketwavez
They don't want to see visually whats happening in the markets


I see CLEARLY what's happening in the markets, man. What I don't believe is that MARKET MOVERS / policy makers / funds / banks and all trades because "there are diamonds poping up here and there". That's all... Patterns emerge from the moves. It is not the moves that move to form the patterns.

One freaking Chinese investor pressing the wrong button and all techinical analyses are flushed out. Check February, or was there HUGE technicals tellin'ya that "China is going to screw with the worldwide stock market about....... NOW!"?????
  • #13,240
  • May 21, 2007 3:32pm May 21, 2007 3:32pm
Quoting Igrok
Ok. I elaborate. It's just a case of mistaken identity. The fact that marketwavez drew some lines didn't make the pattern what he wanted it to be. Real diamonds supposed to be rhombs containing two parts put together: a broadening triangle followed by a normal one. If you look for one in his pattern you are not going to find any.
thanks.
BAM BAM BOOM! -bravado
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