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Cable Update (GBPUSD)

  • #128,381
  • Mar 30, 2009 4:00pm Mar 30, 2009 4:00pm
Quoting Tmac
ouch

we should see a drop before the pop tho

dow looking for a bounce so.............
Lol ouch, is right, haha looks like I got stopped out at -50pips, shucks
"Don't work for your money, but let money work for you."
  • #128,382
  • Mar 30, 2009 5:14pm Mar 30, 2009 5:14pm
Quoting Tmac
looking for a move higher to 1.4310 - 1.4350 tonight, then a final move lower into the 1.4080 - 1.4050 area for the final termination of the correction. I'll look to get long there so long as the pattern continues as expected and *looks* complete.

you mean it will go up till 310 and then can revert back to 4080 is it like that?

Ub
  • #128,383
  • Mar 30, 2009 6:51pm Mar 30, 2009 6:51pm
GU h4, TL holding

Attached
http://www.forexfactory.com/showpost...5&postcount=50
  • #128,384
  • Mar 30, 2009 7:09pm Mar 30, 2009 7:09pm
Quoting Inzider

I really think so. It make us a 5-0 pattern
PRZ can extend to 1.4150 maximum for a valid pattern...
ABC pattern from yesterday call complete, next target for a Gartley is 1.4536/1.4649 then 1.3918....

Good trade all!
  • #128,385
  • Mar 30, 2009 7:17pm Mar 30, 2009 7:17pm
Just a thought...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 35 KB
It's Easy To Get In;.. It's Hard To Get Out
  • #128,386
  • Mar 30, 2009 7:55pm Mar 30, 2009 7:55pm
Quoting Inzider
ABC pattern from yesterday call complete, next target for a Gartley is 1.4536/1.4649 then 1.3918....

Good trade all!
I like these things, have been lookin at the site you had posted somewhere, dont rememebr where but... interesting reading

if I did not already have my system I would look more into them

Thanks for sharing that with me
Don't chase the market, Let the market come to you
  • #128,387
  • Mar 30, 2009 7:58pm Mar 30, 2009 7:58pm
Quoting Tmac
I like these things, have been lookin at the site you had posted somewhere, dont rememebr where but... interesting reading

if I did not already have my system I would look more into them

Thanks for sharing that with me
1.3918 I am waiting patiently to buy off of this week.
  • #128,388
  • Mar 30, 2009 8:00pm Mar 30, 2009 8:00pm
hey buddy good call. With the Gartley on GBP/$ maybe GBP/GPY will shoot to the moon.......
Hope BOJ will keep yen crosses working.........
actually GBP did good today as GBP/CHF,GBP/JPY and EU/CHF was supporting GBP.........

Quoting Inzider
ABC pattern from yesterday call complete, next target for a Gartley is 1.4536/1.4649 then 1.3918....

Good trade all!
BANDA333
  • #128,389
  • Mar 30, 2009 8:00pm Mar 30, 2009 8:00pm
Quoting jack.canadia
1.3918 I am waiting patiently to buy off of this week.
Hrmmm....Waiting to buy....

AIGHT.....

After the close of last week, which reached peak, not quite where I had expected, we fall into a 2 week lull...

My charts might be a tad diff than yours, but if the h4 and weekly play as figured...I am all over the shorts like a fat kid on a smartie.....



PS watch for denial @ 1.4370-90ish....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #128,390
  • Mar 30, 2009 8:21pm Mar 30, 2009 8:21pm
Here is my border... and target

KG
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  • #128,391
  • Edited 9:14pm Mar 30, 2009 8:58pm | Edited 9:14pm
Quoting BANDA
hey buddy good call. With the Gartley on GBP/$ maybe GBP/GPY will shoot to the moon.......
Hope BOJ will keep yen crosses working.........
actually GBP did good today as GBP/CHF,GBP/JPY and EU/CHF was supporting GBP.........
Hey Banda!

Thx for good words!

Got no idea about GBP/JPY, looks like it need correction before any more move up. It just done a bullish one over a gartley.. so expect down move for it in short term...

_____________
For GU:

Easily, looking 250 pips range for asian session, we get to 78.6 or 88.6 of last move. If not, going back to 1.4050 area, witch i doubt for today.

Quoting Tmac
I like these things, have been lookin at the site you had posted somewhere, dont rememebr where but... interesting reading

if I did not already have my system I would look more into them

Thanks for sharing that with me
It can complete a system very well, its large view chart pattern. Fibs sequence... it suit any trading style whit fibs support.
Have a look!

____________________

Pics talks for itself, have a look!.
Good trade all!

http://www.harmonictrader.com/gartleybullre.jpg
If its not a M or a W, stopping at 78.6 or 88.6, its a Z whit 1.27 or 1.618 extension... preatty basic stuff...
Attached Image (click to enlarge)
Click to Enlarge Name: daily gbp.jpg Size: 77 KB
  • #128,392
  • Mar 30, 2009 9:15pm Mar 30, 2009 9:15pm
Next stop. 1.4140 for abcd pattern of 106 pips each legs... 30 pips correction in between - ref 15/5 min chart.
------------

Don't trade my calls blindly....
  • #128,393
  • Mar 30, 2009 11:08pm Mar 30, 2009 11:08pm
Quoting Magix
Hrmmm....Waiting to buy....

AIGHT.....

After the close of last week, which reached peak, not quite where I had expected, we fall into a 2 week lull...

My charts might be a tad diff than yours, but if the h4 and weekly play as figured...I am all over the shorts like a fat kid on a smartie.....



PS watch for denial @ 1.4370-90ish....
Yes, waiting to buy down there. As I posted earlier, this area contains:

Monthly S1 + Weekly S2 pivots
76.4% Fib Level

I am also going to consider 1.4080 areas as well as this contains:

Weekly S1 pivot
61.8% Fib Level
Daily M1 pivot

If I wake up to some upside from the Euro session, I will look to short. I do trade both directions but prefer pivot bounces in the overall direction of the trend. A bounce from either level I talked of prviously and close above that produces yet another higher high.

Possible short setup right now.

H4 21 cross below 55 ema and now re-test of the 21-ema, usually time to take shot. Daily R1 is 1.4329 and a 38.2 fib is up at 4370. Target will be Daily S1 at 4150.
Attached Image (click to enlarge)
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  • #128,394
  • Mar 30, 2009 11:30pm Mar 30, 2009 11:30pm
Quoting jack.canadia
Yes, waiting to buy down there. As I posted earlier, this area contains:

Monthly S1 + Weekly S2 pivots
76.4% Fib Level

I am also going to consider 1.4080 areas as well as this contains:

Weekly S1 pivot
61.8% Fib Level
Daily M1 pivot

If I wake up to some upside from the Euro session, I will look to short. I do trade both directions but prefer pivot bounces in the overall direction of the trend. A bounce from either level I talked of prviously and close above that produces yet another higher high.

Possible short setup right now.

H4 21...

Nice piece of analysis JAck . Def be mindful of those trading points if prices visit those levels. The possible short set-up i already release to the downside @ 1.4300.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,395
  • Mar 30, 2009 11:58pm Mar 30, 2009 11:58pm
Quoting Bull_Bear
Nice piece of analysis JAck . Def be mindful of those trading points if prices visit those levels. The possible short set-up i already release to the downside @ 1.4300.
You're in at 4300? I am as of 4312 but I am moving my stop lower.
  • #128,396
  • Mar 31, 2009 12:24am Mar 31, 2009 12:24am
Quoting jack.canadia
You're in at 4300? I am as of 4312 but I am moving my stop lower.
Yeah Jack already in at 1.4300. SL leaving at the top of asian session high. If that level is taken out than shorties don't have enough steam.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,397
  • Mar 31, 2009 12:27am Mar 31, 2009 12:27am
Happy trading.
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  • #128,398
  • Edited 1:12am Mar 31, 2009 12:31am | Edited 1:12am
Of course.

I've adjusted my target to 4175, a bit above the daily S1 pivot point.

With the DOW having a negative day, the Nikkei down now I expect other markets to be selling off into and through the London session and this add some weight into G/U's shoulders

Going to be a tough week with G20 and NFP.
  • #128,399
  • Mar 31, 2009 12:33am Mar 31, 2009 12:33am
And I just realized that a gap has been filled on my MT4 .. So shorts looking good for the time being
  • #128,400
  • Mar 31, 2009 12:53am Mar 31, 2009 12:53am
Quoting jack.canadia
And I just realized that a gap has been filled on my MT4 .. So shorts looking good for the time being
I'm out Jack.... 1.4260 +40pips. Possible of a short term bounce around the 21MA. Lets see what it does from here, possible short at the top again.
Veni, Vidi, Vici (We came, we saw, we conquered)
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