Cable Update (GBPUSD)

Quoting Carrera

Disliked

Originally Posted by jacobtrader http://forexfactory.com/images/buttons/viewpost.gif
It appears GBP/USD will fall in 1-2 weeks time..
Technically Weekly charts are giving signal for it to fall..






Wow, now he is mad.

I'am always like... (click here and see my picture http://forexfactory.com/usercp.php, but dagoods won today at the madmetter .

I will never post something just for posting, so here is an example what dagoods is saying.
I posted this chart on December 30, 2007 (post #8189 )
Now look the result today and I still saying 1.96xx is a nice support area for a bounce but we are not there yet.

If you call any trade, just show your analisis so we all could learn something new or maybe we know and understand your analisis easier and better.Also if any experience trader see anything that could make you losse money, THEY COULD ADVICE you before it happens.
We all are here to learn and give our best analisis for all.

Ignored

Quoting Designer1

Disliked

monday when opening we can find good top price

about 9750 to 60 arround is Best to go for short

this channel is coming 100% perfectly in 4hour chart and clearly
will go down -

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Quoting marketwavez

Disliked

Hello Da Goods
thanx for your compliment , much appreciated

Here is another look at the US Dollar "aka" ....Usd/Chf

the Usd/Chf pair tracks the same as the US Dollar Index ...........

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Answer this for us please
Can you tell me who among us in here got a Forex education
hanging around in a in a forum ?

What successful trader you think learned from just looking at the
pages of a forum ? Name a few ......if you can

Sure , you can come in and learn a mechanical system and download a
file for your charting software package , but is that the same as getting
a Forex education or more importantly, a charting education ?
( and besides , there so many people in here for fun and laughs )
which is ok ,
- the forum does need a spark of life to keep us all going I guess

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but just Tell the newbies the truth ;

They should be taking classes looking at training videos and reading books

unfortunately , this forum doesn't allow us to post where to tell people where
to go or what books to read ....its one of the rules , but thats ok
--------------------------------------------------------------------
The bottom line is that :
These forums are place to come in and exchange ideas and thoughts
you should come in here expecting to see a different opinion of the
market than what you are thinking is happening and do expect to
pick up a few laughs along the way .............

See chart below ---


another great chart!

can u explain coil? i'm not familiar with harmonic patterns and therfore do not know coil? what is the usual outcome of a coil?
]

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Quoting Rogue$Trader

Disliked

I still expect cable down. Short and Long term. One account for my longer term trades, Im short. My other account for day trading Im Short from 1.9842 and 1.9828.
Chart shows that the daily Pivot Point at 1.9746 has a huge past in price action for the pair. HUGE. If down holds, as I see it. I look for a bounce off the 38.2 Fib just under 1.96. Than, for the time being, I see a continuation down to the 61.8Fib around the 1.86 level, which also lines up around the support 3 Line Monthly.
All things change at some point ( world events , Fundamentals, etc...) but this is how I see it for now.

Ignored

Quoting Rogue$Trader

Disliked

I still expect cable down. Short and Long term. One account for my longer term trades, Im short. My other account for day trading Im Short from 1.9842 and 1.9828.
Chart shows that the daily Pivot Point at 1.9746 has a huge past in price action for the pair. HUGE. If down holds, as I see it. I look for a bounce off the 38.2 Fib just under 1.96. Than, for the time being, I see a continuation down to the 61.8Fib around the 1.86 level, which also lines up around the support 3 Line Monthly.
All things change at some point ( world events , Fundamentals, etc...) but this is how I see it for now.

Ignored

Quoting TIckerShuffl

Disliked

Why is the 60 SMA significant? There is always some MA that is rolling over.

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Quoting Rogue$Trader

Disliked

Size of chart, LMAO.... Killing me...

Why is anything significant to anybody...Having the 60 sma on all my charts just keeps me in my happy place, keeps my Rubiks Cube complete... I use the 60sma as a reference point basicly, now. When started learning charting in 98 I used it. so basicaly now it just keeps me happy with it on the chart.

Ignored

Quoting marketwavez

Disliked

Hello Da Goods
thanx for your compliment , much appreciated

Here is another look at the US Dollar "aka" ....Usd/Chf

the Usd/Chf pair tracks the same as the US Dollar Index ...........

---------------------------------------------------------------------

Answer this for us please
Can you tell me who among us in here got a Forex education
hanging around in a in a forum ?

What successful trader you think learned from just looking at the
pages of a forum ? Name a few ......if you can

Sure , you can come in and learn a mechanical system and download a
file for your charting software package , but is that the same as getting
a Forex education or more importantly, a charting education ?
( and besides , there so many people in here for fun and laughs )
which is ok ,
- the forum does need a spark of life to keep us all going I guess

-------------------------------------------------------------------
but just Tell the newbies the truth ;

They should be taking classes looking at training videos and reading books

unfortunately , this forum doesn't allow us to post where to tell people where
to go or what books to read ....its one of the rules , but thats ok
--------------------------------------------------------------------
The bottom line is that :
These forums are place to come in and exchange ideas and thoughts
you should come in here expecting to see a different opinion of the
market than what you are thinking is happening and do expect to
pick up a few laughs along the way .............

See chart below ---

--------------------------------------------------------------------
( Double Click on chart to enlarge )

Ignored

Quoting dagoods

Disliked

hey carrera great chart again.... question though? what does the coil mean to you? to me its just a place to watch price action and wait for prive to break the coil????? coil = triangle = supply demand getting smaller = wait for it to break one way or the other???????


great to learn from you! keep up the good work!

Ignored

Quoting ybeidas

Disliked

correct me if i'm wrong...
coil...narrowing triangle..prone to aggressive breakeout....
megaphone ....widening triangle.. prone to weak breakouts...
my impression is breakout should occur by the time we r 3/4 in triangle??
what if there is no breakout, i find price still respects one of the triangles lines...any comments?

trying to post a chart...but how do i block my acct# on the top left? and how do i put in the "metaqotes copyright at the bottom"...
sorry for asking these questions...i do feel a little silly..
thanx

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Quoting faqcya

Disliked

Hi Bones,

It never hurts to look at other pairs when trading especially when things are unclear.
Some pairs will have direct correlations while others are inverse.
A lot of the time I use 3 pairs together.
Remember from algebra A/B X B/C = A/C and A/B / C/B = A/C
we can use this to see that gbp/usd X usd/chf = gbp/chf
or gbp/jpy / usd/jpy = gbp/usd
when you start looking at the 3 pairs you start to see these relationships more.

Ignored

Quoting dagoods

Disliked

sure sounds like tom demark to me! got a tdtl indicator?

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