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Cable Update (GBPUSD)
Thanks Ahmed. I appreciate all views of this.
I see the double bottom on the 4h, but we have broken through it.
I also dont think we have completed 5th wave on daily.
but let's think that it could be also a hard break for this collapsing rallying train.....this train needs a huge break to stop it (at least temporarily)...and this is the second time in the same week to show bullish movement on the GPB pairs....besides i guess the japanese tendency to take an action to stop the unhealthy rise of the yen also could be taken into consideration..the rumors is moving on regarding this issue....
At the end it's just my small view...and the market is ABOVE ALL...!!!!
accept my regards,
Ahmed
according to tenfore dot com, the Cable is now at 1.3805, up from Friday's close of 1.3590! Holy Cow that is a G A P!
i appreciate..!
- #114,711
- Jan 24, 2009 9:34am Jan 24, 2009 9:34am
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
Here's my short term view on cable......
.....I see a hidden bearish divergence brewing on the stochastic,
its a bit early though to say definitely. But my bias is down.
However, if price in the higher timeframe closes above the trendline and the
127.2 fib then we should have a good up. We'll see how it plays out.
We don't know each other, so forgive my being a bit forward.
I see your work from time to time posted here at FF and just wanted to
tell you that concerning technical analysis of these pairs, I think you have
an excellent grasp of the subject and demonstrate a working use of these
tools in a way that makes sense.
I have reservations about indicators in general and the use of them in my trading
is limited to an occasional peek at a long-term MA or a fib every now and then.
I may count a wave every so often, just for elliot's sake, but I mostly follow price.
I recognize that you have a good deal of skill with these things and manage to
make it work well for you. You deserve a big pat on the back.
Either way, I like the work that you post (especially the Gartleys)
and thought I'd let you know. That's about it. Many thanks to you.
- #114,712
- Jan 24, 2009 9:39am Jan 24, 2009 9:39am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #114,714
- Jan 24, 2009 12:01pm Jan 24, 2009 12:01pm
- | Joined Oct 2008 | Status: Trader | 1,035 Posts
ROBOT FOREX
- #114,717
- Jan 24, 2009 2:09pm Jan 24, 2009 2:09pm
- | Joined Oct 2008 | Status: Trader | 1,035 Posts
ROBOT FOREX
come on guys....
GAP up....GAP down....no one can be 100% sure of what is going to be..
anyway I can see here the normal fight and argument between BULLS & BEARS.....without any of them there is no MARKET.....!!!!
What is going to be will be...!!!
but most important every side shows clearly its cards and on which basis....and beleive it or not...each side has its own convincing reasons for going up or going down...!!
GAP up....GAP down....no one can be 100% sure of what is going to be..
anyway I can see here the normal fight and argument between BULLS & BEARS.....without any of them there is no MARKET.....!!!!
What is going to be will be...!!!
but most important every side shows clearly its cards and on which basis....and beleive it or not...each side has its own convincing reasons for going up or going down...!!