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Cable Update (GBPUSD)

  • #134,201
  • May 26, 2009 5:15am May 26, 2009 5:15am
Quoting Blue bottle
I have just shorted for 200pips..

anyone with me?
I'm in broad agreement with you on the wavecount. But I don't think wave 3 is completed yet. Per my count, we are only completing wave iii of 3. We will have a small retracement as wave iv of 3 then up to retest 1.60 and above to complete wave 5. After this, I see the major wave 4 retracement as you depicted.

I'll try to post my chart a bit later. Sorry a little busy with other things right now.

I have also shorted with initial target of 1.5750. But it could be a sideways wave iv so I'm monitoring closely.
  • #134,202
  • May 26, 2009 5:17am May 26, 2009 5:17am
Quoting Blue bottle
Hi debooooo2005,

Good to know your view but I'm bit surprised by your mid term target..

Will it go 1.76 range?
first it must clear broke to 1.6129
  • #134,203
  • May 26, 2009 5:25am May 26, 2009 5:25am
Quoting 4cfx
I'm in broad agreement with you on the wavecount. But I don't think wave 3 is completed yet. Per my count, we are only completing wave iii of 3. We will have a small retracement as wave iv of 3 then up to retest 1.60 and above to complete wave 5. After this, I see the major wave 4 retracement as you depicted.

I'll try to post my chart a bit later. Sorry a little busy with other things right now.

I have also shorted with initial target of 1.5750. But it could be a sideways wave iv so I'm monitoring closely.

Interesting!!



Desperately looking for your chart..

Thanks in advance.
  • #134,204
  • May 26, 2009 5:26am May 26, 2009 5:26am
No big move right now...

I think chart will dance again in US session.

Attached Image (click to enlarge)
Click to Enlarge Name: germanbreakstdev.gif Size: 36 KB
  • #134,205
  • May 26, 2009 5:43am May 26, 2009 5:43am
Where is Abuawad now ?

Long time no see him. Miss his calls so much.

Anyone can help to tell me cos i missed this forum for a long time and do not know where he is

Thank you very much
  • #134,206
  • May 26, 2009 5:49am May 26, 2009 5:49am
Hi people, the last time cable approached 1.5000 there was 400 pips retracement from that level, consolidation that confused a lot of people here which went short anticipating even 1.3500 level.
now it seems to me that this case is similiar and we won't break that level immediately. we will have a chance to buy cheaper on a retracement.

good luck to everyone
  • #134,207
  • Edited 6:00am May 26, 2009 5:49am | Edited 6:00am
@learntowin

My friend...if you expect to be in this game for a long time, don't be looking for calls from other people, 'cause half of the time they don't know what they're talkin' about themselves either...Best learn and put together a method that fits you...there a lot of good threads in this forum with good methods. Look around and LEARN, LEARN, LEARN.

Good luck.
Hear the music before the song is over ...
  • #134,208
  • May 26, 2009 5:51am May 26, 2009 5:51am
Quoting Blue bottle
Interesting!!

Desperately looking for your chart..

Thanks in advance.
Hi, here's my attempt. I have a problem with the current wave 3 count as it still a bit short. Also, I'm trying to keep it a simple ABC corrective count. Your views most appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable Daily 26052009.jpg Size: 122 KB
  • #134,209
  • May 26, 2009 5:59am May 26, 2009 5:59am
Quoting 4cfx
Hi, here's my attempt. I have a problem with the current wave 3 count as it still a bit short. Also, I'm trying to keep it a simple ABC corrective count. Your views most appreciated.
Thanks a lot for sharing your chart with us.

I will take note of your count..

How about weekly chart, you agree that we are in w(C) or w(y) of wave (4)?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd w.gif Size: 14 KB
  • #134,210
  • May 26, 2009 6:00am May 26, 2009 6:00am
Quoting 4cfx
Hi, here's my attempt. I have a problem with the current wave 3 count as it still a bit short. Also, I'm trying to keep it a simple ABC corrective count. Your views most appreciated.

Attachment
Finally a proper chart
What's the 4th count you got on you? 55xx levels is the near term support I have once price close below 5795.

These are some of my earlier charts & my take on cable.

http://www.forexfactory.com/showpost...postcount=1132
http://www.forexfactory.com/showpost...postcount=1139
http://www.forexfactory.com/showpost...postcount=1141

Have a good one mate & keep up the excellent work
Thank You
  • #134,211
  • May 26, 2009 6:11am May 26, 2009 6:11am
I am out with 40 points
  • #134,212
  • May 26, 2009 6:13am May 26, 2009 6:13am
here is my support resistance chart

Attached Image (click to enlarge)
Click to Enlarge Name: forex.gif Size: 12 KB


_____________________________

support resistance

.
  • #134,213
  • May 26, 2009 6:20am May 26, 2009 6:20am
Long 5830
  • #134,214
  • May 26, 2009 6:47am May 26, 2009 6:47am
Quoting free4440273
Long 5830
exit 5858
  • #134,215
  • May 26, 2009 6:50am May 26, 2009 6:50am
Quoting free4440273
exit 5858
much different here candle high is 1.5852
  • #134,216
  • May 26, 2009 6:54am May 26, 2009 6:54am
Quoting GlobalMacro
@learntowin

My friend...if you expect to be in this game for a long time, don't be looking for calls from other people, 'cause half of the time they don't know what they're talkin' about themselves either...Best learn and put together a method that fits you...there a lot of good threads in this forum with good methods. Look around and LEARN, LEARN, LEARN.

Good luck.

Thank you very much, GM,

Finally there 's someone answer me. Thanks again for your kindness,

Best wishes for you, my friend.

But indeed, I still want to contact Abuawad very urgent, so if anyone knows, please help me. TKS
  • #134,217
  • May 26, 2009 6:55am May 26, 2009 6:55am
Quoting Blue bottle
Thanks a lot for sharing your chart with us.

I will take note of your count..

How about weekly chart, you agree that we are in w(C) or w(y) of wave (4)?
It's always interesting to see alternative counts. So please carry on posting yours and I'll do the same.

I think we are in wave C of wave 4. Time will tell.
  • #134,218
  • May 26, 2009 7:00am May 26, 2009 7:00am
Quoting wormboy
Finally a proper chart
What's the 4th count you got on you? 55xx levels is the near term support I have once price close below 5795.

These are some of my earlier charts & my take on cable.

http://www.forexfactory.com/showpost...postcount=1132
http://www.forexfactory.com/showpost...postcount=1139
http://www.forexfactory.com/showpost...postcount=1141

Have a good one mate & keep up the excellent work
Thanks. And you too for sharing your hard work.

I see wave 4 probably around 1.5450 assuming we have completed wave iii which I am not yet convinced of. I might have to look at the count again.
  • #134,219
  • May 26, 2009 7:03am May 26, 2009 7:03am
Quoting learntowin
Thank you very much, GM,

Finally there 's someone answer me. Thanks again for your kindness,

Best wishes for you, my friend.

But indeed, I still want to contact Abuawad very urgent, so if anyone knows, please help me. TKS

really i didnt see him from long time in the forum ... all i know he live in suadia arabia ... could i help u
  • #134,220
  • May 26, 2009 7:05am May 26, 2009 7:05am
Long at 5841 exit at 5870...!!!!
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