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Cable Update (GBPUSD)

  • #70,201
  • Jun 11, 2008 12:20pm Jun 11, 2008 12:20pm
Quoting nAVIN2007
well what i did was buy very low ....i cashed both in for around 130 pips profit i got the last buy still not reached..1.9693 i need to get to then im out of this whole im in..

analysis is the easy bit ....sticking to the plan is different story
advise do whatever price does...in the direction of trend..

I have not dont this till date ....
thanx for ur info
hope u get ur loses back soon
  • #70,202
  • Jun 11, 2008 12:21pm Jun 11, 2008 12:21pm
Quoting asyed4
Just be careful with Begie Book news because if they confirm recent usd strenght (not today) then the current price may go down a bit. Just a suggestion.
I'm done for the day! I won't reenter a trade until my next entry point is set up and that's going to take a couple of hours (possible upto 12 to be exact).
Just digging in the trenches like everyone else!
  • #70,203
  • Jun 11, 2008 12:24pm Jun 11, 2008 12:24pm
Quoting T 1 Ti
thanx for ur info
hope u get ur loses back soon
thanks man ...i hope there a possibility of seeing 1.98 at least...
  • #70,204
  • Jun 11, 2008 12:27pm Jun 11, 2008 12:27pm
Quoting nAVIN2007
thanks man ...i hope there a possibility of seeing 1.98 at least...
just wait 4 Beige Book
  • #70,205
  • Jun 11, 2008 12:35pm Jun 11, 2008 12:35pm
this 4 hr candle better not be a doji otherwise down for sure...
  • #70,206
  • Jun 11, 2008 4:14pm Jun 11, 2008 4:14pm
12-06-2008
Attached Image
  • #70,207
  • Jun 11, 2008 4:22pm Jun 11, 2008 4:22pm
Daily GBP/USD chart displays a clear head-and-shoulders continuation pattern. Unlike the typical head-and-shoulders reversal, this rare pattern - if completed by a breakout - signals continuation of previous trend. Neckline for this pattern comes at around 1.9355 and if broken, the projected target (typical target for head-and-shoulders pattern) is too low for us to imagine. Below the neckline comes 61.8 Fib projection of recent A-B-C correction from the 2.1143 highs at 1.9270 so caution should be employed when shorting.
On the weekly chart the situation presents itself like in the second attachment. If our head-and-shoulders pattern gets broken and 61.8% projection goes on a daily basis, we will be looking for 1.8570 to the downside which is 100% Fib projection for A-B-C correction from the 2.1143 highs. Alternative scenario, but unlikely: daily trendline resistance gets broken, case in which we will be looking to trade from the long side.

www.andreitaga.com
http://andreitaga.wordpress.com
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd1d11june.gif Size: 18 KB
Click to Enlarge Name: gbpusd1w11june.gif Size: 16 KB
  • #70,208
  • Jun 11, 2008 4:24pm Jun 11, 2008 4:24pm
Quoting Abuawad
12-06-2008
hello...i posted earlier that i tried to download and open your .pdf file but it said that it was a corrupt file and could not be opened.

are you having this trouble or is it just me?
"Keep your eyes on the helpers" - Mr. Rogers
  • #70,209
  • Jun 11, 2008 4:26pm Jun 11, 2008 4:26pm
Quoting Parmalat
Daily GBP/USD chart displays a clear head-and-shoulders continuation pattern. Unlike the typical head-and-shoulders reversal, this rare pattern - if completed by a breakout - signals continuation of previous trend. Neckline for this pattern comes at around 1.9355 and if broken, the projected target (typical target for head-and-shoulders pattern) is too low for us to imagine. Below the neckline comes 61.8 Fib projection of recent A-B-C correction from the 2.1143 highs at 1.9270 so caution should be employed when shorting.
On the weekly chart the situation presents itself like in the second attachment. If our head-and-shoulders pattern gets broken and 61.8% projection goes on a daily basis, we will be looking for 1.8570 to the downside which is 100% Fib projection for A-B-C correction from the 2.1143 highs. Alternative scenario, but unlikely: daily trendline resistance gets broken, case in which we will be looking to trade from the long side.

www.andreitaga.com
http://andreitaga.wordpress.com
i am with you that gbpusd is bearish bias and believe that it will be this way at least through 2009....still, i need to play my charts
"Keep your eyes on the helpers" - Mr. Rogers
  • #70,210
  • Jun 11, 2008 4:28pm Jun 11, 2008 4:28pm
Quoting damonl
i am with you that gbpusd is bearish bias and believe that it will be this way at least through 2009....still, i need to play my charts

I just downloaded it, not sure what issue you're having. Here's a copy
Attached File(s)
File Type: pdf Abuawad analysis method.pdf   84 KB | 352 downloads
  • #70,211
  • Jun 11, 2008 4:33pm Jun 11, 2008 4:33pm
Quoting RRothschild
I just downloaded it, not sure what issue you're having. Here's a copy

hmmmm...thanks.....i am still getting that the file is damaged and could not be opened.....on a side note, i have been able to open all other .pdf's.

any suggestions
"Keep your eyes on the helpers" - Mr. Rogers
  • #70,212
  • Jun 11, 2008 4:37pm Jun 11, 2008 4:37pm
Quoting salah k.
u c even MOE started with a 1k account
now one position of his is 900k
living proof
Well, at lease I know where my early accounts went. MOE got them.

Not just kidding, I had blow 5 accounts already. Actually i got back my lost money already tx God. I had the advantage that my accounts were king of confortable to work with, but starting from $200 is very hard because there is a very small room to let the price move in a retracement. Also MM is the life here, that will tell you for how long you will be trading.
$200.00, mini lots rules and DISIPLINE..
  • #70,213
  • Jun 11, 2008 4:47pm Jun 11, 2008 4:47pm
Quoting Parmalat
Daily GBP/USD chart displays a clear head-and-shoulders continuation pattern. Unlike the typical head-and-shoulders reversal, this rare pattern - if completed by a breakout - signals continuation of previous trend. Neckline for this pattern comes at around 1.9355 and if broken, the projected target (typical target for head-and-shoulders pattern) is too low for us to imagine. Below the neckline comes 61.8 Fib projection of recent A-B-C correction from the 2.1143 highs at 1.9270 so caution should be employed when shorting.
On the weekly chart the situation presents itself like in the second attachment. If our head-and-shoulders pattern gets broken and 61.8% projection goes on a daily basis, we will be looking for 1.8570 to the downside which is 100% Fib projection for A-B-C correction from the 2.1143 highs. Alternative scenario, but unlikely: daily trendline resistance gets broken, case in which we will be looking to trade from the long side.

www.andreitaga.com
http://andreitaga.wordpress.com
Damn, tight analysis. Impressive.
USD Est Non Mortuus
  • #70,214
  • Jun 11, 2008 4:59pm Jun 11, 2008 4:59pm
Quoting RRothschild
I just downloaded it, not sure what issue you're having. Here's a copy

I can't open it either...Adobe Acrobat Reader 8.1 says its damaged and can't be repaired. Also like damonl I can open other pdf stuff. Also like damonl am interested in reading it if its fixable would be grateful!!!
  • #70,215
  • Jun 11, 2008 5:04pm Jun 11, 2008 5:04pm
Quoting Poocher
I can't open it either...Adobe Acrobat Reader 8.1 says its damaged and can't be repaired. Also like damonl I can open other pdf stuff. Also like damonl am interested in reading it if its fixable would be grateful!!!

hi,
here is a new one
Attached File(s)
File Type: pdf Abuawad analysis method.pdf   886 KB | 667 downloads
  • #70,216
  • Jun 11, 2008 5:25pm Jun 11, 2008 5:25pm
Quoting Abuawad
hi,
here is a new one
Thanks Abuawad!

Great process...something I need to do more of. Very disciplined effort instead of kind of winging it.
  • #70,217
  • Jun 11, 2008 5:33pm Jun 11, 2008 5:33pm
Quoting Abuawad
hi,
here is a new one
that worked....thank you
"Keep your eyes on the helpers" - Mr. Rogers
  • #70,218
  • Jun 11, 2008 6:01pm Jun 11, 2008 6:01pm
Quoting Abuawad
hi,
here is a new one
wow.....that is some phenominal evaluations......i have monthly plotted and will work on the daily and weekly.

thanks for sharing...i may have some questions later, but will catch up with you then....
"Keep your eyes on the helpers" - Mr. Rogers
  • #70,219
  • Jun 11, 2008 6:46pm Jun 11, 2008 6:46pm
Quoting Abuawad
hi,
here is a new one

It works now, Thank you!
  • #70,220
  • Jun 11, 2008 6:49pm Jun 11, 2008 6:49pm
Quoting Abuawad
hi,
here is a new one
Abuawad

Your method is based on H4 closes.

What do you recommend because of different H4 closes with different timezones/brokers? (they can be quite close, but they can be very different)

e.g. in attached IBFX and Alpari UK, respective screenshots taken seconds apart

See also http://www.forexfactory.com/showpost...ostcount=60899
Attached Image (click to enlarge)
Click to Enlarge Name: 080410 GBP-USD H4 IBFX & Alpari UK.gif Size: 24 KB
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