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Cable Update (GBPUSD)

  • #58,441
  • Mar 15, 2008 4:57pm Mar 15, 2008 4:57pm
Quoting Bones
Actually also on the daily DBHLC the high for Thursday 2.0388 and Friday 2.0396 a bit to much difference I think. And im glad that Friday broke that high as its good for longs.
6pips difference i have, anyway lets wait to see what market open brings us. keep up the good work mate

cheers
  • #58,442
  • Mar 15, 2008 7:03pm Mar 15, 2008 7:03pm
Quoting MarcoW
Abuawad..

I've been trying to duplicate as close as possible some of your projected numbers from last week, using fibos etc, but still haven't nailed it yet.
Same here, of course if the man wants to keep it his little trade secret I wouldn't blame him, though it might be better to say so upfront like 4x_Trader did when asked for his "crystal ball" secrets.

cheers
Darkness lies one inch ahead..
  • #58,443
  • Mar 15, 2008 7:17pm Mar 15, 2008 7:17pm
Dose anyone know anything about Rising Wedge Formations. I mean is that one in my daily chart?
If it is I might have second thoughts on the rate decision looming.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,444
  • Mar 15, 2008 7:22pm Mar 15, 2008 7:22pm
Quoting Abuawad
Sorry my bad, i update it.
Do you really consider the current Long Term Direction to be Down?? (I would have thought it was still clearly UP)
Darkness lies one inch ahead..
  • #58,445
  • Mar 15, 2008 8:05pm Mar 15, 2008 8:05pm
Quoting Bones
Dose anyone know anything about Rising Wedge Formations. I mean is that one in my daily chart?
If it is I might have second thoughts on the rate decision looming.
its going to be a 75BP cut, another words; look for good buy spots.., however it does look like a nasty rising wedge.
And your mouth dropped
  • #58,446
  • Mar 15, 2008 8:53pm Mar 15, 2008 8:53pm
Okay for all the bearish stuff on at the moment, pls remember the 1 fundamental rule of trading.


THE TREND IS YOUR FRIEND UNTIL THE END, DO NOT TRY TO GUESS WHEN THE TREND WILL END.

Better to take 1 or 2 loses when it turns on you, than take 10losses gambling on the trend ending.

The trend IS BULLISH END OF STORY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,447
  • Mar 16, 2008 12:38am Mar 16, 2008 12:38am
Quoting TraderJR
Same here, of course if the man wants to keep it his little trade secret I wouldn't blame him, though it might be better to say so upfront like 4x_Trader did when asked for his "crystal ball" secrets.

cheers
No secret in my method and i already post many time haw it work, anyway i'm trying to writ full post about it and haw it work just wait for it.
  • #58,448
  • Mar 16, 2008 12:42am Mar 16, 2008 12:42am
Quoting TraderJR
Do you really consider the current Long Term Direction to be Down?? (I would have thought it was still clearly UP)
Down trend from 2.1159 , 9-11-2007
  • #58,449
  • Mar 16, 2008 1:41am Mar 16, 2008 1:41am
Quoting Abuawad
No secret in my method and i already post many time haw it work, anyway i'm trying to writ full post about it and haw it work just wait for it.

Thanks, Abuawad.. look forward to reading it. Appreciate you taking the time to do so.
"I know how hard it is for you to put food on your family." George W. Bush
  • #58,450
  • Mar 16, 2008 4:12am Mar 16, 2008 4:12am
Quoting makey2u
its going to be a 75BP cut, another words; look for good buy spots.., however it does look like a nasty rising wedge.
i think a 50bps is much much more than enough but of course benny is determined to kill the dollar (i guess he put all his money in euro since september 2007)

anyway i think this year will be a very good year for traders because dollar will have one hell of a rebound and we can short everything from euro to ausie.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,451
  • Mar 16, 2008 4:33am Mar 16, 2008 4:33am
Quoting Abuawad
No secret in my method and i already post many time haw it work, anyway i'm trying to writ full post about it and haw it work just wait for it.
Dear Abuawad

I'm waiting for this post what ever it takes time from you
it will be very helpfull for me
Thank you
  • #58,452
  • Mar 16, 2008 5:45am Mar 16, 2008 5:45am
Heres another view
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,453
  • Mar 16, 2008 6:22am Mar 16, 2008 6:22am
Hope this is ok Mr Whiting. I am studying your system. Maybe you could comment?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,454
  • Mar 16, 2008 6:35am Mar 16, 2008 6:35am
The gb/us is still very much in a uptrend, it is stuck now on the 50% fibo and a good indication of a push up, To cut by 75 bp is huge in real terms, its turning the usd into a carry trade, panic has certainly set in and I think the fed dont know the way out I think there is a slight reliability on other countries to act and at the moment the ecb and boe are not playing ball it is as if they are saying you got yourselfs in this mess so up to you to dig yourselfs out, same old story of f--k the peasants we dont care how they suffer lets play games and have fun
Tom(uk)
  • #58,455
  • Mar 16, 2008 7:19am Mar 16, 2008 7:19am
Quoting booktimes
The gb/us is still very much in a uptrend, it is stuck now on the 50% fibo and a good indication of a push up, To cut by 75 bp is huge in real terms, its turning the usd into a carry trade, panic has certainly set in and I think the fed dont know the way out I think there is a slight reliability on other countries to act and at the moment the ecb and boe are not playing ball it is as if they are saying you got yourselfs in this mess so up to you to dig yourselfs out, same old story of f--k the peasants we dont care how they suffer lets play games and have fun
Tom(uk)
ur right but this mess is hitting europe. it needs maximum of 1 year and we will hear crying like we heard in the US.

the credit crisis hit UK already and they are not acting up to the task. they will fall in a recession as USA will be getting out of it.
the stupid thing is that USA fell into this crisis because they didnt act in time and now europe is doing the same. DUMMIES.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,456
  • Mar 16, 2008 8:10am Mar 16, 2008 8:10am
Quoting Abuawad
No secret in my method and i already post many time haw it work, anyway i'm trying to writ full post about it and haw it work just wait for it.
That'll be great Abuawad. I doubt if anyone has managed to figure out how you get your numbers. And though you've tried to tell us how to apply the numbers you give, it would be good if this also could be clarified.

Give a man a fish and you feed him for a day.
Teach him how to fish and you feed him for a lifetime.

Cheers
Darkness lies one inch ahead..
  • #58,457
  • Mar 16, 2008 8:18am Mar 16, 2008 8:18am
Quoting Turveyd

The trend IS BULLISH END OF STORY!!!
i think after next week will be the end of the bullish trend.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,458
  • Mar 16, 2008 8:27am Mar 16, 2008 8:27am
Quoting salah k.
i think after next week will be the end of the bullish trend.

i take that back i think after wednesday(MPC meeting)
we might see a major trend reveersal.

any comments are appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,459
  • Mar 16, 2008 9:14am Mar 16, 2008 9:14am
Quoting salah k.
i take that back i think after wednesday(MPC meeting)
we might see a major trend reveersal.

any comments are appreciated.
No my friend. I am looking for a strong open though I would agree we need a good retrace maybe down to the 2 mark even if it falls that far that would not be a trend reversal in my eyes. I mean we have come a long way up without any real retrace and I would have thought one is due. But until you get the sign why fight it?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,460
  • Mar 16, 2008 11:55am Mar 16, 2008 11:55am
Quoting TraderJR
That'll be great Abuawad. I doubt if anyone has managed to figure out how you get your numbers. And though you've tried to tell us how to apply the numbers you give, it would be good if this also could be clarified.

Give a man a fish and you feed him for a day.
Teach him how to fish and you feed him for a lifetime.

Cheers

Here a draft document that show haw I do my analysis for each day and week.
Please note it’s not 100% complete yet. And there will be an update for it soon.
Attached File(s)
File Type: pdf Abuawad analysis method.pdf   1.1 MB | 1,104 downloads
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