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Cable Update (GBPUSD)

  • #13,501
  • May 24, 2007 4:41am May 24, 2007 4:41am
Quoting pino2
Why don't we change the thread name to Cesarnc/Marketwavez fight update, since I guess the thread now is talking about everything except the GBP/USD which is our main subject here
There's no fight anymore, sorry for the inconvenience.


Consider it a Commemorative Edition for the 900th page
  • #13,502
  • May 24, 2007 4:44am May 24, 2007 4:44am
[quote=cesarnc;1449648]There's no fight anymore, sorry for the inconvenience.


Consider it a Commemorative Edition for the 900th page[/quote

  • #13,503
  • Edited 5:01am May 24, 2007 4:49am | Edited 5:01am
Quoting PandoraBox
cesa...i really like your word especially this sentence

"as you probably was not taught at home."
------------------------------------------------
We are not at home ,
-and I have not attacked anyone personally .............
-and I have not used any foul language ..............
----------------------------------------------------------
I have only voiced my oppinion about not using News and Funny-Mentals
and justified what I believe through the use of charts visually for all to see .

This is my crime it seems :
---------------------------------------------------------------------------

As I said Before :

The charts I post will register with the right people .

They already do !
------------------------------------------------------------
 ( They are not for everyone in here )

-----------------------------------------------------------
This line of talk about my trading style is now becoming unproductive .

The bottom line is
- Say something about the market and its direction ......
otherwise what's the point of saying anything ?
  • #13,504
  • Edited 5:03am May 24, 2007 4:52am | Edited 5:03am
Quoting pino2
Why don't we change the thread name to Cesarnc/Marketwavez fight update, since I guess the thread now is talking about everything except the GBP/USD which is our main subject here
My point exacly ....

Let's talk about the markets .....
Let's visually see what you are thinking !

No matter what your trading style is !
-----------------------------------------------------
That's why people are in here looking ......
This is what trading forums are designed for ....
  • #13,505
  • May 24, 2007 4:57am May 24, 2007 4:57am
Quoting marketwavez
ok , as soon as some one else starts talking about the dollar again
I show you -

Then you can tell them also , .....You wait! - You will see !
-----------------------------------------------------------
- You and Camisa can telll them off also - I'm watching
OK Every body - lets try and remember that we are simply sharing our opinion here, and not try and take it too personally. I know trading can be emotional, but I think most people will agree its best if we at least "TRY" to keep the emotions in check (But is that possible for humanity?). Anyways Marketwavez - Know that I appreciate the charts. But I would appreciate any charts as long as the person is informative. But I do think they have a point with the large print/internet equivalent of yelling. All Charts are appreciated by numbskulls like myself, as long as the person shows relative competence. And it doesnt matter which way they predict cable will go (obviously).
L-Train
  • #13,506
  • May 24, 2007 5:06am May 24, 2007 5:06am
marketwavez.. so nice to see that you are using normal fonts now. Without those colorful, oversized, bolds fonts anymore. Hoping to see this normal fonts again in your next posting. Your posting is still welcome.
  • #13,507
  • May 24, 2007 5:21am May 24, 2007 5:21am
marketwavez, this is what I am looking at. I am not sure if the abc I have is strictly correct, it is probably a double zz and I need to give it a bit more analysis but I think its a possibility.

The other option is that this is wave d and not a break to new highs. The only reason I don't like that is that wave 4 has taken quite a while already so I don't think it will play out d and e.

Its possible if we don't break the channel convincingly that we won't for a while.

I am long at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP240507.jpg Size: 61 KB
  • #13,508
  • May 24, 2007 5:39am May 24, 2007 5:39am
There is a swimming freestyle competetion between GBP and USD started since london open,
The swimming distance for USD is from 1.9860 to 1.9845
and for GBP it is from 1.9845 to 1.9860
Both are trying to beat each other by making a time record
Nobody knows who will be the winner and at what time this race will end
  • #13,509
  • May 24, 2007 5:47am May 24, 2007 5:47am
-There are many Probabilities
- There are Many Possibilities

The lines -they are with me ... I see them all !
------------------------------------------------------
In the end , trading is all about Controlling Risk ........
and your Averages over time ................

////////////////////////////////////////////////////////////

These charts mean nothing knowing where to get in and
more importantly...-Where to get out !.... Entries mut be timed !

 ( So here's a Longer Term Update )
We may be moving towards a " Wave" B " Top somehow ........
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-24-2007-#2.jpg Size: 73 KB
  • #13,510
  • May 24, 2007 5:48am May 24, 2007 5:48am
We must see one of these 2 numbers today either 1.9897 or 1.9831, we were very near to 1.9831 (1.9836 low of the day) but didn't reach it, so let us wait to see which will be reached
  • #13,511
  • May 24, 2007 5:50am May 24, 2007 5:50am
Quoting pino2
There is a swimming freestyle competetion between GBP and USD started since london open,
The swimming distance for USD is from 1.9860 to 1.9845
and for GBP it is from 1.9845 to 1.9860
Both are trying to beat each other by making a time record
Nobody knows who will be the winner and at what time this race will end
That's why you have to have a trading plan that controls your Risk
on each and every trade that you decide to take !..............

We all get it wrong some times... It is the way of things
  • #13,512
  • May 24, 2007 5:54am May 24, 2007 5:54am
[quote=marketwavez;1449653]------------------------------------------------
I have only voiced my oppinion about not using News and Funny-Mentals
and justified what I believe through the use of charts visually for all to see .

This is my crime it seems :
--------------------------------------------------------------------------
The charts I post will register with the right people .

I just wanted to commend you and thank you for your charts and fine analysis. You are certainly not a part of the crowd. Even though I believed the G/U was going to go down to .9715 you had the proof on your chart. Sorry to say I didn't have the mental toughness to believe my own system and pulled out with only 5 pips. Your accuracy in identifying and even anticipating changes in direction are remarkable. I've been trading the Forex for 2 and 1/2 years, live, and still might as well flip a coin. Thank you for tolerating the abuse on the forum, keep up the good work and you'll make believers out of all of them Thanks again, asyi - 'As You Like It'
  • #13,513
  • May 24, 2007 6:01am May 24, 2007 6:01am
The Pound
could also be doing this .........
-------------------------------------------

There is always another Wave-Count

----------------------------------------------
We all don't see the world the same Way !.....
There is always a different opinion out there ......
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-24-2007-#3.jpg Size: 75 KB
  • #13,514
  • May 24, 2007 6:12am May 24, 2007 6:12am
@marketwavez:
Your counts are stupid and useless and there are many errors in them. You act like a clown, not someone who would like to help or share something.
  • #13,515
  • May 24, 2007 6:18am May 24, 2007 6:18am
[quote=asyi;1449713]
Quoting marketwavez
------------------------------------------------
I have only voiced my oppinion about not using News and Funny-Mentals
and justified what I believe through the use of charts visually for all to see .

This is my crime it seems :
--------------------------------------------------------------------------
The charts I post will register with the right people .

I just wanted to commend you and thank you for your charts and fine analysis. You are certainly not a part of the crowd. Even though I believed the G/U was going to go down to .9715 you had the proof on your chart. Sorry to say I didn't have the mental toughness to believe my own system and pulled out with only 5 pips. Your accuracy in identifying and even anticipating changes in direction are remarkable. I've been trading the Forex for 2 and 1/2 years, live, and still might as well flip a coin. Thank you for tolerating the abuse on the forum, keep up the good work and you'll make believers out of all of them Thanks again, asyi - 'As You Like It'
Here is the Gbp-Usd
( from 5/01/07 )

This where it all started -
Price has now declined down past the target ...........
-------------------------------------------------------
Why would anyone in their right mind would'nt want
to hear or see what I got to say about charts ? ....
--------------------------------------------------------

Do I have to out and charge people for seminars l
Well, no way -

Anyone who has a system for sale that is profitable
would not have tro sell seats at a seminar ............

they would vbe busy making money with it and maybe writing
a book explaining it all ..........
-----------------------------------------------------

How could you not learn anything from these chart ?

//////////////////////////////////////////////
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-01-2007-#1.jpg Size: 65 KB
  • #13,516
  • May 24, 2007 6:25am May 24, 2007 6:25am
Quoting katzenhai2
@marketwavez:
Your counts are stupid and useless and there are many errors in them. You act like a clown, not someone who would like to help or share something.
Maybe -
- but look I nailed this entire Downtrend from May-5-07 ( a near 600point decline )

A massive Wave " C " decline ! Can you say the same ?..........

Where is your count ? ........Just Show us ..........
----------------------------------------------------------------
 ( See chart posted above )
  • #13,517
  • May 24, 2007 6:27am May 24, 2007 6:27am
Well ive just got out of bed with a hangover after that most unhappy loss to AC Milan last night 5 hours after market opened.

You will be pleased to know I am shorting cable again
  • #13,518
  • May 24, 2007 6:32am May 24, 2007 6:32am
@marketwavez:
You mean you make 10 different counts to show us later one of them that occurred? Great trick.
You charts are more confusing than showing anything of value.

@el_duende:
Quoting el_duende
You will be pleased to know I am shorting cable again
Means we should go long to be safe? :
  • #13,519
  • May 24, 2007 6:36am May 24, 2007 6:36am
Quote
Means we should go long to be safe? :

Its called the el_duende indicator now available in metatrader

****************************
Heres a tech chart (4 hour GBPUSD)

Circled are 2 excellent divergence bars (1 outside upper bollinger band)
We also have a cross which may predict move South (currently looking at fozzy system)

is that trend gone yet in the 2nd chart?

Honestly I dont have a thing for bears before some asks
Attached Image (click to enlarge)
Click to Enlarge Name: ba2.gif Size: 13 KB
Attached Image
  • #13,520
  • May 24, 2007 6:48am May 24, 2007 6:48am
I think what is confusing us in Marketwavez analysis is the time frames and the when. It is difficult enough to trade the thing without the stress of worrying where its going. On his last chart I see it is a 30 min chart but I can't see how it can go back so far on the 30 min. Maybe programme is different even if I zoom right out. The moves he is talking about, in my opinion it is more daily and longer term than what should be happening on the 30 minute chart.

Anyway we can't be sure at the moment if we are going long or short with any certainty, that is up to our systems to tell us. But I think There is a strong possibilty that we will test the 2's again as a larger B wave up, however there is also evidence that we may head back down towards the 61.8% in another 3 wave move before heading back up on the B wave. So either we are on the B wave now or we stay in the channel for a while and test the 9550 area before heading up again.

This is now where technicals and fundamentals need to work together, they are both components of the market and today we will see the nature of their relationship. Let them work together and by taking full advantage of this we will see the true beauty of FX unfold and why we are infatuated with these little lines.
Attached Image (click to enlarge)
Click to Enlarge Name: B up.jpg Size: 50 KB
Eish! If you don't fly with the eagles you'll scratch with the turkeys
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