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Cable Update (GBPUSD)

  • #57,381
  • Mar 6, 2008 8:59am Mar 6, 2008 8:59am
commodities are showing weakness that means dollar might be witnessing some strength. lets see if it affects cable.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,382
  • Mar 6, 2008 9:03am Mar 6, 2008 9:03am
Quoting salah k.
till wat point do u think it will retreive??
38% down
  • #57,383
  • Mar 6, 2008 9:11am Mar 6, 2008 9:11am
Quoting salah k.
till wat point do u think it will retreive??
But we have to wait for confirmation with bearish candle formation. I usually enter when 23% is reached 4h TF.
  • #57,384
  • Mar 6, 2008 9:35am Mar 6, 2008 9:35am
Quoting karmostaji
I have the ZUP indicator which draws any pattern automatically on any TF, there is no bearish pattern yet, maybe price needs to go higher first b4 it becomes a valid pattern.
What is the ZUP indicator?, Does it work with MT4 for any broker?
  • #57,385
  • Mar 6, 2008 9:35am Mar 6, 2008 9:35am
Quoting Carrera
Just my view.
What TF is this?
  • #57,386
  • Mar 6, 2008 9:37am Mar 6, 2008 9:37am
Quoting abdelhamed_s
What is the ZUP indicator?, Does it work with MT4 for any broker?
It finds harmonic patterns and draws them for you once they appear, yes it works with any MT4 broker.

Google harmonic patterns n read about it if you're interested
Trade what you see, not what you think.
  • #57,387
  • Mar 6, 2008 9:37am Mar 6, 2008 9:37am
Quoting karmostaji
came 5 pips short, it could give it another try
Do you mean is high today reach ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #57,388
  • Mar 6, 2008 9:38am Mar 6, 2008 9:38am
Quoting notme32
Do you mean is high today reach ?
maybe, but if it breaks 0.100 then 0.240 is next
Trade what you see, not what you think.
  • #57,389
  • Mar 6, 2008 9:53am Mar 6, 2008 9:53am
Quoting AmeriTrini
What TF is this?
4H
  • #57,390
  • Mar 6, 2008 10:00am Mar 6, 2008 10:00am
Quoting Carrera
4H
On the Daily, which is more reliable than the 4Hr
The 32.8% was broken today, and I expect it to hold as support. We are going for the 50% level now.
  • #57,391
  • Mar 6, 2008 10:13am Mar 6, 2008 10:13am
Quoting karmostaji
maybe, but if it breaks 0.100 then 0.240 is next
Let see then .........
I will jump tomorow........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #57,392
  • Mar 6, 2008 10:22am Mar 6, 2008 10:22am
Quoting AmeriTrini
On the Daily, which is more reliable than the 4Hr
The 32.8% was broken today, and I expect it to hold as support. We are going for the 50% level now.
may i ask where is ur 50%?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,393
  • Mar 6, 2008 10:25am Mar 6, 2008 10:25am
Quoting AmeriTrini
On the Daily, which is more reliable than the 4Hr
The 32.8% was broken today, and I expect it to hold as support. We are going for the 50% level now.
Agree with you on the daily TF.
I'm talking here for somethin closer to happen.

4H TF is for small retracement in that movement that you are talking about in 1D TF. But I totally agree with you because one of my patterns show me somethin very close to that.
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  • #57,394
  • Mar 6, 2008 10:43am Mar 6, 2008 10:43am
Quoting salah k.
may i ask where is ur 50%?

2.0250

  • #57,395
  • Mar 6, 2008 11:02am Mar 6, 2008 11:02am
Quoting Carrera
Agree with you on the daily TF.
I'm talking here for somethin closer to happen.

4H TF is for small retracement in that movement that you are talking about in 1D TF. But I totally agree with you because one of my patterns show me somethin very close to that.
Bro i hope u didnt short and lose money cause of that garley pattern..?
Fxdaily banned again....lol
  • #57,396
  • Mar 6, 2008 11:10am Mar 6, 2008 11:10am
Quoting karmostaji
maybe, but if it breaks 0.100 then 0.240 is next
Dear Karmostaji

I've tried the ZUP indicator on EUR/USD on daily time frame it gives me Bearish am I right, I know that I must study more but I want to know when exactly to enter the trade?

Thank you
  • #57,397
  • Mar 6, 2008 11:13am Mar 6, 2008 11:13am
Quoting abdelhamed_s
Dear Karmostaji

I've tried the ZUP indicator on EUR/USD on daily time frame it gives me Bearish am I right, I know that I must study more but I want to know when exactly to enter the trade?

Thank you
Yes but it's not an ideal pattern (hasn't completed), check out harmonictrader.com , you enter when you see a reversal (candlestick formations)
Trade what you see, not what you think.
  • #57,398
  • Mar 6, 2008 11:28am Mar 6, 2008 11:28am
Quoting makey2u
Sell at 2.0090, if she gets there .... im still going to keep shorting

man..shorted i really gota stick to my dicspline lol, i broke it last week, it aint gonna happen again

lol i was also off by 4 pips 2 days back.. not bad.
And your mouth dropped
  • #57,399
  • Mar 6, 2008 11:36am Mar 6, 2008 11:36am
Quoting nAVIN2007
Bro i hope u didnt short and lose money cause of that garley pattern..?
Fxdaily banned again....lol
lol, Don't worry, I usually move my stop or place a traling stop. Actually I did 67 pips in that trade. But remember, when Gartley fails, now became a Buttlerfly. You just have to wait for confirmation. Also we make pips in the way up to the 127 or 161% fibo before the retracement for the buttlerfly.

When the currency have a strong trend, the retrace should not be more than 38% like the one that you mention here. It went down to 38% retracement.
  • #57,400
  • Mar 6, 2008 11:36am Mar 6, 2008 11:36am
Quoting makey2u
man..shorted i really gota stick to my dicspline lol, i broke it last week, it aint gonna happen again

lol i was also off by 4 pips 2 days back.. not bad.

What are your targets this time?
And where is my beer for that drop two days ago..?! Remember?! When i saw your reply the next morning, i was real happy for you to have seen the drop to 1.9724 just as i promised you.. (even though 3 S/L have been hit of mine) :<

Anyway, good luck Mochacho
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