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Cable Update (GBPUSD)

  • #37,221
  • Oct 24, 2007 11:15pm Oct 24, 2007 11:15pm
I hope to see long bullish candle today
"Invest With The Insiders, Not The Masses" George Muzea
  • #37,222
  • Oct 24, 2007 11:15pm Oct 24, 2007 11:15pm
i know about elliott waves, they are the main component of my trading system. it seemed to me you had too many numbers on that h1 chart... that's it.
but maybe it's just me.

Quoting marketwavez
The numbers on the charts are base on The Elliott Waves
which is a trading method that was developed in the 1930's

It explains that markets phsycology move in a series of 5 waves
and then the go into a correction phase .

- The numbers on the chart above were removed
so maybe you may better appreciate the chart ......

--------------------------------------------------------------------------------------
Nihil Sine Deo.
  • #37,223
  • Oct 24, 2007 11:25pm Oct 24, 2007 11:25pm
I can see by the post here nobody has a clue what cable is going to do. It’s been ranging now for 2 days. The weekly is in an uptrend channel as well as daily. So I am waiting to see what cables feels like doing, as it is also not sure of the direction it wants to take, up down up down…………….
  • #37,224
  • Oct 24, 2007 11:27pm Oct 24, 2007 11:27pm
Quoting Runway Trade
I can see by the post here nobody has a clue what cable is going to do. It’s been ranging now for 2 days. The weekly is in an uptrend channel as well as daily. So I am waiting to see what cables feels like doing, as it is also not sure of the direction it wants to take, up down up down…………….
Euro is just as confused!
  • #37,225
  • Oct 24, 2007 11:28pm Oct 24, 2007 11:28pm
ok , Scrat ............
Here is a close up of the Gbp/Usd


Yesterday ,
we had a strong rally out of the Tweezer Bottoms
candlestick formation shown below , now there is consolidation !
maybe even a flagpole , or maybe even a coil ...........
-------------------------------------------------------------
However you look at it there is some serious channeling going on ,
All this needs is probably some thing in the news to drive price either way !

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

This is only a Probablity !............. Not Cast in Stone !
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-10-25-2007-#3.gif Size: 21 KB
  • #37,226
  • Oct 24, 2007 11:33pm Oct 24, 2007 11:33pm
ok... how about a breakout to 2.000?
Nihil Sine Deo.
  • #37,227
  • Oct 24, 2007 11:35pm Oct 24, 2007 11:35pm
Quoting karmostaji
It depends on the sentiment of this thread, so keep your eyes open.
Yes yes, I hope they go bullish all of a sudden to help my poor new sell orders

By the way scrat, hope you TP on the last trades! it was hard to close them when they looked so promising but I was prudent and it paid off. I think this run is going to be bigger and badder.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,228
  • Oct 24, 2007 11:39pm Oct 24, 2007 11:39pm
oh great, some @-hole bank is buying GBP and selling dollar. Morons. How many bank managers to I have to assasinate before they learn to give up? Do I have to send in the big guns again? *sigh*
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,229
  • Oct 24, 2007 11:40pm Oct 24, 2007 11:40pm
Quoting Plutonite
Yes yes, I hope they go bullish all of a sudden to help my poor new sell orders

By the way scrat, hope you TP on the last trades! it was hard to close them when they looked so promising but I was prudent and it paid off. I think this run is going to be bigger and badder.
sentiment seems a bit bearish, hence I said 0600-0650 possible today
Trade what you see, not what you think.
  • #37,230
  • Oct 24, 2007 11:40pm Oct 24, 2007 11:40pm
here is one of my h4 charts.

Quoting marketwavez
ok , Scrat ............
Here is a close up of the Gbp/Usd


Yesterday ,
we had a strong rally out of the Tweezer Bottoms
candlestick formation shown below , now there is consolidation !
maybe even a flagpole , or maybe even a coil ...........
-------------------------------------------------------------
However you look at it there is some serious channeling going on ,
All this needs is probably some thing in the news to drive price either way !

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

This is only a Probablity !............. Not Cast in Stone !
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.gif Size: 27 KB
Nihil Sine Deo.
  • #37,231
  • Oct 24, 2007 11:41pm Oct 24, 2007 11:41pm
and this is daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.gif Size: 31 KB
Nihil Sine Deo.
  • #37,232
  • Oct 24, 2007 11:47pm Oct 24, 2007 11:47pm
Quoting Plutonite
oh great, some @-hole bank is buying GBP and selling dollar. Morons. How many bank managers to I have to assasinate before they learn to give up? Do I have to send in the big guns again? *sigh*
Done. Idiot is dead, boys did the job. Check the chart now, the surge was neutralized
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,233
  • Oct 24, 2007 11:49pm Oct 24, 2007 11:49pm
now here's one for h1.
i would like to see a nice fibo (like 2.0357 or even 2.0313) so i can say the current h1 cycle (which should be directed down) ended.
and then we can go up. i mean, we might.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 35 KB
Nihil Sine Deo.
  • #37,234
  • Oct 24, 2007 11:59pm Oct 24, 2007 11:59pm
no i didn't. it's either SL or TP. i'm still short.
i'm going to sleep, see you all later.
good luck.

Quoting Plutonite
By the way scrat, hope you TP on the last trades! it was hard to close them when they looked so promising but I was prudent and it paid off. I think this run is going to be bigger and badder.
Nihil Sine Deo.
  • #37,235
  • Oct 25, 2007 12:38am Oct 25, 2007 12:38am
Damn it, this kind of cable action makes me sick.We might stay in this sh.. until next Wednesday
  • #37,236
  • Oct 25, 2007 12:48am Oct 25, 2007 12:48am
well, quick analysis.

1.4250 is midway 1.4 - 1.45

2.05 is midway 2.0 - 2.1

Bernanke decides :
  • #37,237
  • Oct 25, 2007 12:56am Oct 25, 2007 12:56am
4h Beautiful bulish flag, anyone agrees, or me blind of waiting and starting to see things.
Risk Less in the next transaction after a Win.
  • #37,238
  • Oct 25, 2007 12:58am Oct 25, 2007 12:58am
Quoting madalin
4h Beautiful bulish flag, anyone agrees, or me blind of waiting and starting to see things.
im expecting 0600 today, let's see what happens.. we either get slapped by the market or get rewarded for our crystal ball analysis
Trade what you see, not what you think.
  • #37,239
  • Oct 25, 2007 1:00am Oct 25, 2007 1:00am
im short, stops at BE, if karmo says 600 im shorting it.
  • #37,240
  • Oct 25, 2007 1:00am Oct 25, 2007 1:00am
nobody didnt mention 1 mio refugees from kalifornia, like that is somekinda nonevent....
its just money
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