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Cable Update (GBPUSD)

  • #57,381
  • Mar 6, 2008 10:59am Mar 6, 2008 10:59am
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 11:03am Mar 6, 2008 11:03am
Quoting salah k.
till wat point do u think it will retreive??
38% down
  • #57,383
  • Mar 6, 2008 11:11am Mar 6, 2008 11:11am
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 11:35am Mar 6, 2008 11:35am
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 11:35am Mar 6, 2008 11:35am
Quoting Carrera
Just my view.
What TF is this?
  • #57,386
  • Mar 6, 2008 11:37am Mar 6, 2008 11:37am
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 11:37am Mar 6, 2008 11:37am
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 11:38am Mar 6, 2008 11:38am
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 11:53am Mar 6, 2008 11:53am
Quoting AmeriTrini
What TF is this?
4H
  • #57,390
  • Mar 6, 2008 12:00pm Mar 6, 2008 12:00pm
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 12:13pm Mar 6, 2008 12:13pm
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 12:22pm Mar 6, 2008 12:22pm
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 12:25pm Mar 6, 2008 12:25pm
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 12:43pm Mar 6, 2008 12:43pm
Quoting salah k.
may i ask where is ur 50%?

2.0250

  • #57,395
  • Mar 6, 2008 1:02pm Mar 6, 2008 1:02pm
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 1:10pm Mar 6, 2008 1:10pm
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 1:13pm Mar 6, 2008 1:13pm
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 1:28pm Mar 6, 2008 1:28pm
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 1:36pm Mar 6, 2008 1:36pm
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 1:36pm Mar 6, 2008 1:36pm
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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