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Cable Update (GBPUSD)

  • #131,621
  • May 8, 2009 1:42pm May 8, 2009 1:42pm
Sell limit @ 1.5220
  • #131,622
  • May 8, 2009 1:45pm May 8, 2009 1:45pm
Quoting jgnorton
Thanks for sharing. This stuff seems like rocket science compared to my prefered set-up: KISS.
Reading at 6 years old was a hard thing, whit time you don't think while doing it.

Look at a chart, you will find that its only W M and Z pattern whit different fibs number for correction or extension.

Take care!

-----------

96 = 2.618 extension, should keep that down.... let'see....
  • #131,623
  • May 8, 2009 1:52pm May 8, 2009 1:52pm
Quoting deboooo2005
Sell limit @ 1.5220

order executed
  • #131,624
  • May 8, 2009 1:54pm May 8, 2009 1:54pm
SL hit,damn
haha...
  • #131,625
  • May 8, 2009 1:55pm May 8, 2009 1:55pm
[quote=Inzider;2722073]Reading at 6 years old was a hard thing, whit time you don't think while doing it.

Look at a chart, you will find that its only W M and Z pattern whit different fibs number for correction or extension. quote]

I understand the whole WMZ, I just prefer a different strategy.
`
{Promotion Removed}
  • #131,626
  • May 8, 2009 2:15pm May 8, 2009 2:15pm
[quote=jgnorton;2722096]
Quoting Inzider
Reading at 6 years old was a hard thing, whit time you don't think while doing it.

Look at a chart, you will find that its only W M and Z pattern whit different fibs number for correction or extension. quote]

I understand the whole WMZ, I just prefer a different strategy.
`
Don't fix what is working.
Who's cares about all those number if you got something that fit your style!

Wish u the best!
  • #131,627
  • May 8, 2009 2:20pm May 8, 2009 2:20pm
Hi Inzider

how are you? Do you think there is a harmonic pattern currently in play for GBP/$ I am loosing big time with a short ............thought maybe to leave over weekend..............please advice............
happy weekend buddy


[quote=Inzider;2722124]
Quoting jgnorton

Don't fix what is working.
Who's cares about all those number if you got something that fit your style!

Wish u the best!
BANDA333
  • #131,628
  • May 8, 2009 2:28pm May 8, 2009 2:28pm
[quote=BANDA;2722132]Hi Inzider

how are you? Do you think there is a harmonic pattern currently in play for GBP/$ I am loosing big time with a short ............thought maybe to leave over weekend..............please advice............
happy weekend buddy


Cut lose. I don't see this thing stopping. I see a lot of upward pressure.
{Promotion Removed}
  • #131,629
  • May 8, 2009 2:36pm May 8, 2009 2:36pm
Thank you very much
Happy weekend buddy

[quote=jgnorton;2722139]
Quoting BANDA
Hi Inzider

how are you? Do you think there is a harmonic pattern currently in play for GBP/$ I am loosing big time with a short ............thought maybe to leave over weekend..............please advice............
happy weekend buddy


Cut lose. I don't see this thing stopping. I see a lot of upward pressure.
BANDA333
  • #131,630
  • May 8, 2009 2:40pm May 8, 2009 2:40pm
[quote=BANDA;2722132]Hi Inzider

how are you? Do you think there is a harmonic pattern currently in play for GBP/$ I am loosing big time with a short ............thought maybe to leave over weekend..............please advice............
happy weekend buddy


On daily Tf we have the 78.6% fibs of last larger move at 1.5246 then 88.6% at 1.5468....

I personnaly plan to short around 1.5339, witch is the 1.27 extension of the last correction on daily TF ...

Sure its better to cut lost... that thing should go back on his road... matter of time... and margin call....
Dow will dip back under 8500... its going to be your last chance at this time...

My tough!

Wish u luck bud!

-------------

30 = 3.14 extension asian move....
Attached Image (click to enlarge)
Click to Enlarge Name: GU daily rpojection 05-05-09.jpg Size: 139 KB
  • #131,631
  • May 8, 2009 2:46pm May 8, 2009 2:46pm
Hey Inzider
Thank you very much for the detailed explanation. I have a short from 1.5147...........and EU/ short from 1.3550

I will take them out did a stupid thing paid the price
,maybe this will come down big but they may take this up for a while
thank you.Man you did post that chart yesterday I guess , wish played "what can be seen rather than what wish"
are you ontarian?

[quote=Inzider;2722159]
Quoting BANDA
Hi Inzider

how are you? Do you think there is a harmonic pattern currently in play for GBP/$ I...
BANDA333
  • #131,632
  • May 8, 2009 2:50pm May 8, 2009 2:50pm
Hey deboo
Do you have your shorts still buddy?
Thank you
BANDA333
  • #131,633
  • May 8, 2009 2:57pm May 8, 2009 2:57pm
Hey Banda,

Well...
If it's any consolation, we're like pea's,
in the Same "Rotten Pod" here I'm in @1.5155,
and 'had made money long,

Entering "Short" expecting the Dow was finished and
the plain Weakness of the Pound staying up earlier,
Had run it's course. -Lesson Learned (yet again).

Well,
Work to do next week... back to the drawing board,
Best of Wishes for next week,

Jeff P.S. I would like to expect a double "OO's" retrace
@least... or even more, -but it is what it is.
I will work to Objectively Identify my Edges
  • #131,634
  • May 8, 2009 2:57pm May 8, 2009 2:57pm
this is what in weekly 1.530 next stop it seems
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.JPG Size: 152 KB
BANDA333
  • #131,635
  • May 8, 2009 2:58pm May 8, 2009 2:58pm
Quoting BANDA
Hey Inzider
Thank you very much for the detailed explanation. I have a short from 1.5147...........and EU/ short from 1.3550

I will take them out did a stupid thing paid the price
,maybe this will come down big but they may take this up for a while
thank you.Man you did post that chart yesterday I guess , wish played "what can be seen rather than what wish"
are you ontarian?
Hey Banda!

yes it should go back at your level but as you said when?... And how up will it go before... Trading counter trend your better set tight stop then take the big move in your face. I know its hard!... Whit trend most of the time you can do BE...


Maby set a SL 10 pips over 1.5250 and hope.... i dunno. I bet some want this to close over 1,52 and EU over 1.3600.... its alot of pressure on both side.

Im from Quebec, if you look how I right english is easy to know,
You'r from Canada? Province?
  • #131,636
  • May 8, 2009 2:59pm May 8, 2009 2:59pm
It's friday anything can happen we can see 1.53 or close to that in an hour. Be careful when shorting.
  • #131,637
  • May 8, 2009 3:07pm May 8, 2009 3:07pm
Hey Inzi


I lived in Toronto........... Ontario happy to meet you.QC is very nice.
this could be it? I had lot of problems lately didn't study the chart properly........

Thank you buddy
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 146 KB
BANDA333
  • #131,638
  • May 8, 2009 3:10pm May 8, 2009 3:10pm
Sorry the chart was not clear...........maybe now o.k?Sorry peeps.........
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 150 KB
BANDA333
  • #131,639
  • May 8, 2009 3:18pm May 8, 2009 3:18pm
EU chart
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 165 KB
BANDA333
  • #131,640
  • May 8, 2009 3:32pm May 8, 2009 3:32pm
Quoting BANDA
EU chart
Banda/Inzider - I'm losing big time here as well - I thought the trend had reversed after GBP QE . Surely it cant go beyond 1.53 ?! its been more or less up without any major correction since 1.463.
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