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Naked Cable

  • #81
  • Feb 26, 2009 11:40am Feb 26, 2009 11:40am
Waiting to short as soon as we break out of this channel
Attached Image (click to enlarge)
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Just Trade It
  • #82
  • Mar 9, 2009 12:32pm Mar 9, 2009 12:32pm
Quoting Big Wave Rider
Waiting to short as soon as we break out of this channel

Break
Just Trade It
  • #83
  • Mar 9, 2009 12:39pm Mar 9, 2009 12:39pm
Quoting Big Wave Rider
Break
half time
Trading Levels with WRBs
  • #84
  • Mar 9, 2009 12:46pm Mar 9, 2009 12:46pm
Quoting Islander
half time
Actually the daily candle has not closed yet below the channel support (yet)
(see above chart)
But it did break below this pennant which triggered a sell order. This may be the start of the trend continuation, if it is not then I will at least take a little profit on this one. If the trend does continue then......

We've waited long enough, I would love to see this sideways trend end this week.
Just Trade It
  • #85
  • Mar 9, 2009 12:47pm Mar 9, 2009 12:47pm
Quoting Big Wave Rider
Actually the daily candle has not closed yet below the channel support (yet)
(see above chart)
But it did break below this pennant which triggered a sell order. This may be the start of the trend continuation, if it is not then I will at least take a little profit on this one. If the trend does continue then......

We've waited long enough, I would love to see this sideways trend end this week.
Chart. The above channel is still in effect.
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Just Trade It
  • #86
  • Mar 9, 2009 1:12pm Mar 9, 2009 1:12pm
Here's another point of view....

The green support zone held last week with a higher low on Thursday and so far today another higher low, just under the fib 62% retrace....Thursdays low was only 52 pips lower than the low 2 weeks earlier....

Let's see what tomorrow brings, I'm seeing accumulation with a potential shampoo IF todays low holds......TWT http://www.forexfactory.com/images/icons/icon12.gif
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Trading Levels with WRBs
  • #87
  • Mar 9, 2009 1:25pm Mar 9, 2009 1:25pm
Quoting Islander
Here's another point of view....

The green support zone held last week with a higher low on Thursday and so far today another higher low, just under the fib 62% retrace....Thursdays low was only 52 pips lower than the low 2 weeks earlier....

Let's see what tomorrow brings, I'm seeing accumulation with a potential shampoo IF todays low holds......TWT http://www.forexfactory.com/images/icons/icon12.gif
At first I was like, damn, how old is that chart? The correlation with E.U and cable has been blurred during this past 18 months but there is still some left and all it takes is one to get the ball rolling before the other reluctantly plays catch up. But E.U is sitting on a mountain of support. The 100 month moving average and the 50% fib fan level from Oct 2000 to April 2008. Plus a few other minor short term support levels. However I am still bearish. For the moment.
Just Trade It
  • #88
  • Mar 10, 2009 3:11am Mar 10, 2009 3:11am
More sideways action today. damn. I think I should go back on vacation until this daily range is broken
Just Trade It
  • #89
  • Mar 11, 2009 4:58am Mar 11, 2009 4:58am
Still waiting for this channel break to add more shorts.
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Click to Enlarge Name: charts.gif Size: 16 KB
Just Trade It
  • #90
  • Mar 15, 2009 3:23pm Mar 15, 2009 3:23pm
Quoting Big Wave Rider
Still waiting for this channel break to add more shorts.

Found support on the channel. First short take profit was hit, second short never happened. I may be bearish on the dollar now due to fears from China on U.S assets. Will wait for the charts to confirm. On the sidelines for the moment, again Next opportunity may be long cable but as of yet no good signal but I am getting a signal to go long on E.U 4hr. Let's see what Monday beholds.
Just Trade It
  • #91
  • Mar 18, 2009 10:50am Mar 18, 2009 10:50am
Quoting Big Wave Rider
Found support on the channel. First short take profit was hit, second short never happened. I may be bearish on the dollar now due to fears from China on U.S assets. Will wait for the charts to confirm. On the sidelines for the moment, again Next opportunity may be long cable but as of yet no good signal but I am getting a signal to go long on E.U 4hr. Let's see what Monday beholds.

Great trade on E.U.

But I'm still waiting for cable to breakout.
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Just Trade It
  • #92
  • Mar 19, 2009 11:59am Mar 19, 2009 11:59am
Posting a little after the fact. But I did catch the breakout. (I've been waiting for it of course I caught it)
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Just Trade It
  • #93
  • Mar 21, 2009 12:04pm Mar 21, 2009 12:04pm
Big Wave,

I also trade naked charts and it looks like next week is gonna be very very bullish for GBPUSD.

May be more than 500 to 750 pips

There are 3 perfect patterns emerging from 4H to 1 week charts

What are your opinions?
  • #94
  • Mar 22, 2009 5:19am Mar 22, 2009 5:19am
Maybe not....
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.gif Size: 38 KB
  • #95
  • Mar 22, 2009 5:34am Mar 22, 2009 5:34am
Quoting spiderforex
Big Wave,

I also trade naked charts and it looks like next week is gonna be very very bullish for GBPUSD.

May be more than 500 to 750 pips

There are 3 perfect patterns emerging from 4H to 1 week charts

What are your opinions?
I see these kinds of posts from time to time could you please give me an explantion or others on here what PERFECT PATTERNS you see which give you a 500 to 700 pip move.....???
  • #96
  • Mar 22, 2009 10:48am Mar 22, 2009 10:48am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB


Monday is crucial, if it closes below the mid channel line then GU is bearish towards the lower line but if it closes above the upper line than GU is bullish towards the next fib line ..just my take..
  • #97
  • Mar 22, 2009 4:33pm Mar 22, 2009 4:33pm
Quoting spiderforex
Big Wave,

I also trade naked charts and it looks like next week is gonna be very very bullish for GBPUSD.

May be more than 500 to 750 pips

There are 3 perfect patterns emerging from 4H to 1 week charts

What are your opinions?

On the 4hr is an inverse H&S, I am bullish as well but expect some consolidation before it goes up. How much I don't know, this could be the start of the uptrend, but it could also be a false breakout. Wait and see......
Just Trade It
  • #98
  • Mar 23, 2009 3:22am Mar 23, 2009 3:22am
Quoting rav700
I see these kinds of posts from time to time could you please give me an explantion or others on here what PERFECT PATTERNS you see which give you a 500 to 700 pip move.....???
Yes, sorry for non explanation....on 1hr i see now a up curve, 4H 2nd wave, 1 day double bottom, and on a week chart there is inverse head and shoulder..im betting on weekly and daily pattern both look very promising for a bullish move
  • #99
  • Mar 23, 2009 6:25am Mar 23, 2009 6:25am
Looks like we are on track...for GBPUSD....GBPJPY pattern in weekly chart is head and shoulder...so it should also cross 146 above in this week hopefully good luck
  • #100
  • Mar 28, 2009 7:40pm Mar 28, 2009 7:40pm
On short term, I see cable going down.

Currently price is at a zone that could turn into support. Breaking this..I see next support at 1.4100 zone. However, 1.3700 should become a major support

IMO
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