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Cable Update (GBPUSD)

  • #57,501
  • Mar 7, 2008 9:51am Mar 7, 2008 9:51am
guys
  • #57,502
  • Mar 7, 2008 9:57am Mar 7, 2008 9:57am
mmm...
i am starting to have bad feelings about this retracement, specially with AbuAwad's gartley again.. Maybe this is the rebound finally?

See the JPY, rebounded a figure. CHF, almost the same. EURO 110 pips..
Any thoughts?!
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  • #57,503
  • Mar 7, 2008 10:01am Mar 7, 2008 10:01am
Quoting Abuawad
Ok, touch the wood. I wish you more than me… J
actually he has to knock on the wood three times.

"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,504
  • Mar 7, 2008 10:02am Mar 7, 2008 10:02am
Quoting abuzant
mmm...
i am starting to have bad feelings about this retracement, specially with AbuAwad's gartley again.. Maybe this is the rebound finally?

See the JPY, rebounded a figure. CHF, almost the same. EURO 110 pips..
Any thoughts?!
be patient my friend its friday try not to open accounts.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,505
  • Mar 7, 2008 10:03am Mar 7, 2008 10:03am
Quoting salah k.
actually he has to knock on the wood three times.

I'll knock too if that's the big secret.
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  • #57,506
  • Mar 7, 2008 10:07am Mar 7, 2008 10:07am
Quoting Abuawad
Not always +100 some day less than 50 pips , like last month and 4-3-2008.
and there are no secrets hidin here i only foucs on the chart and the S/R line as all of you can see here, S/R for the short time 1 and 4 hour and the long time daily and weekly.
hope you and all the best
Abuawad

From the figures you were posting before (for the entire time you had been using this method), you were averaging only 5 pips per trading day. I gather your recent performance is a lot better. Would you have figures for just the last 3 months?

TIA
Darkness lies one inch ahead..
  • #57,507
  • Mar 7, 2008 10:11am Mar 7, 2008 10:11am
Quoting Abuawad
thankssssssssssssssssssssssssssssssss
Could you give your interpretation of this Gartley?

Thanks
Darkness lies one inch ahead..
  • #57,508
  • Mar 7, 2008 10:15am Mar 7, 2008 10:15am
Quoting TraderJR
Abuawad

From the figures you were posting before (for the entire time you had been using this method), you were averaging only 5 pips per trading day. I gather your recent performance is a lot better. Would you have figures for just the last 3 months?

TIA
Unfortunately I register only February 2008 as a full registration and January 2008 posted here in this thread but not like February
  • #57,509
  • Mar 7, 2008 10:15am Mar 7, 2008 10:15am
Quoting TraderJR
Could you give your interpretation of this Gartley?

Thanks
it's already done and the target was 2.0195
  • #57,510
  • Mar 7, 2008 10:17am Mar 7, 2008 10:17am
Quoting TraderJR
Could you give your interpretation of this Gartley?

Thanks
TraderJR, actually is a Buttlerfly. Point D is hier than X.

cheers
  • #57,511
  • Edited 2:52pm Mar 7, 2008 11:12am | Edited 2:52pm
This is how I see it and Im going to put my neck on the line considering price is attacking 2.0120 and we have a bearish pin on 4 hr but....
Price will close at or over 2.0120 on Sunday. We will have a pullback to the bottom of the daily channel then carry on up. I want to explain why I see it this way so have 3 charts to show you why I am sure.If price closes Under 2.0120 on Sunday the trend is not valid as drawn.
I know my charts are simple but thats the way I like it,lol
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,512
  • Mar 7, 2008 11:21am Mar 7, 2008 11:21am
Well done Bones, i agree with the theory. I am expecting the bearish movement and buying as it is dropping; hopefully will see those positions pay back on the next run up on Monday, maybe even Tuesday no idea.
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  • #57,513
  • Mar 7, 2008 11:34am Mar 7, 2008 11:34am
Ok you all know Im long but why do I think drop?Check my 4 hr+ some of you seeing bearish patterns.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,514
  • Mar 7, 2008 11:47am Mar 7, 2008 11:47am
Here's how it looks from my binoculars

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  • #57,515
  • Mar 7, 2008 11:55am Mar 7, 2008 11:55am
Quoting abuzant
Well done Bones, i agree with the theory. I am expecting the bearish movement and buying as it is dropping; hopefully will see those positions pay back on the next run up on Monday, maybe even Tuesday no idea.
Thanks man, I must admit I thought it might go higher earlier. I believe the weeks range has a lot to do with that+ there is loads of market traps to withdrw money from us in the wrong direction ,I mean it can not be easy can it? If we get that 2.0120 close I will be over the moon since it was a projection of mine a week ago from a few simple lines on my weekly LOL
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,516
  • Mar 7, 2008 12:04pm Mar 7, 2008 12:04pm
Tony welldone buddy and thank god somebody posts charts and explains why the hell they think things are going to happen...i agree and love the way to analyse....its a big help to me as im gonna send the scans on monday so i can trade next week live....thanks bud as usual your analysis sits well with what i was thinking....gonna look at everything in depth this weekend and hopefully it works out...

The universal law of helping others will lead to bigger success, be lucky my friend
  • #57,517
  • Mar 7, 2008 12:15pm Mar 7, 2008 12:15pm
Quoting nAVIN2007
Tony welldone buddy and thank god somebody posts charts and explains why the hell they think things are going to happen...i agree and love the way to analyse....its a big help to me as im gonna send the scans on monday so i can trade next week live....thanks bud as usual your analysis sits well with what i was thinking....gonna look at everything in depth this weekend and hopefully it works out...

The universal law of helping others will lead to bigger success, be lucky my friend
You know what buddy before Christmas I would not even be able to think these things. Of course its only theory but we do need to think about it. Like you I will consider it a little over the weekend and come up with a weekly outlook.

Abuzant I can not see your Daily ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,518
  • Mar 7, 2008 1:01pm Mar 7, 2008 1:01pm
I know I wrote in here about a month ago we would be seeing 2.02 at least soon. Guys, trading doesn't have to be difficult. If you move to the higher timeframes, you could have seen a move coming from a mile away. If you allow yourself to be disciplined enough to let your moves play out, then you can and will succeed in this business. P.S. You can have a life outside of trading too when you trade with longer timeframes.
I dream, therefore I become.
  • #57,519
  • Edited 1:33pm Mar 7, 2008 1:22pm | Edited 1:33pm
right now the way it looks to me ...see red trendline..we are slightly above it so hopefully it will act as support..if we open on sunday and it bearish and it breaks the red trendline we likely go down towards the green trendline otherwise we should move upwards (see chart)
either way its a great place to enter a trade cause theres support/resistance

The red trendline actual is the same as the 50% fibb fan line....its a very important support/resistance...anything can happen retrace or move toward upwards, we need confirmation on sunday as to the direction to go ...what do u guys think?

and yes mike definately see your point but i think its going to take a while b4 the likes of me develop my skills so im able to just that...but working towards it buddy
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  • #57,520
  • Mar 7, 2008 1:49pm Mar 7, 2008 1:49pm
Quoting Carrera
TraderJR, actually is a Buttlerfly. Point D is hier than X.

cheers
So when buterfly come........ what to do ?
I Deeply Love My Virtual Life In Virtual World , RLC
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