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Cable Update (GBPUSD)

  • #145,761
  • Jul 13, 2009 3:27pm Jul 13, 2009 3:27pm
My God, are people still listening to trash media outlets like the NYT and CNBC??

I certainly hope not. I wouldn't trust either of them for the "real" story...

Anyway, dinner time.....LOL
Ghost Rider - WWTBMD?
  • #145,762
  • Jul 13, 2009 3:28pm Jul 13, 2009 3:28pm
im short term bullish to 1.633x where i would like to short back down to 1.61xx i think this might be a repeat of two weeks ago( or three, where it stayed in a channel ) let hope for that one i could use the pips

i would like too here everyone else's thoughts.
  • #145,763
  • Jul 13, 2009 3:31pm Jul 13, 2009 3:31pm
Quoting ganymedes
Yep, will be interesting to see what the Goldman orcs have cooked up this time. Gave me a good laugh, this one, from NYT, via The Big Picture:

"... An executive at a rival bank characterized Goldman traders as “orcs,” the warlike creatures of Middle Earth in Tolkien’s “The Lord of the Rings.”
Even mainstream America is taking notice. An article about Goldman in a recent...
lol
Blogging daily now at www.volume.zone
  • #145,764
  • Jul 13, 2009 3:33pm Jul 13, 2009 3:33pm
Quoting albchr
My God, are people still listening to trash media outlets like the NYT and CNBC??

I certainly hope not. I wouldn't trust either of them for the "real" story...

Anyway, dinner time.....LOL

I do love it ..... I have found doing the opposite of what is being said on CNBC tends to works .. remember oil to $200 ... ? lol
Blogging daily now at www.volume.zone
  • #145,765
  • Jul 13, 2009 4:14pm Jul 13, 2009 4:14pm
Does anyone like between 160 and 190 for long?
  • #145,766
  • Edited Jul 14, 2009 4:41am Jul 13, 2009 4:17pm | Edited Jul 14, 2009 4:41am
possible area of reversal!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpgartleypattern.jpg Size: 371 KB
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  • #145,767
  • Jul 13, 2009 4:17pm Jul 13, 2009 4:17pm
Quoting alex1976
Does anyone like between 160 and 190 for long?
I am thinking long at 1.6185 so...
Hero Traders Live to see their Accounts Die!
  • #145,768
  • Jul 13, 2009 4:19pm Jul 13, 2009 4:19pm
Quoting simoneg
Hi tj, I think it go down to 1.6185-60...not looking beyond there right now...based on the following incomplete pattern. My few cents...
Yes i agree... also i have central pivot @6165 so it should at least touch it...

But who knows...
  • #145,769
  • Jul 13, 2009 4:24pm Jul 13, 2009 4:24pm
Quoting simoneg
Hi tj, I think it go down to 1.6185-60...not looking beyond there right now...based on the following incomplete pattern. My few cents...
sorry, but ur showed pattern is not valid, there is nothing "harmonical" in.

the retracements are incorrect and not accurate.

pattern like this u saw everywhere.
  • #145,770
  • Jul 13, 2009 4:29pm Jul 13, 2009 4:29pm
Quoting alexandru987
Yes i agree... also i have central pivot @6165 so it should at least touch it...

But who knows...
Yes Alex, just watching to see...
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  • #145,771
  • Jul 13, 2009 4:35pm Jul 13, 2009 4:35pm
Quoting baggermatsch
sorry, but ur showed pattern is not valid, there is nothing "harmonical" in.

the retracements are incorrect and not accurate.


pattern like this u saw everywhere.
Can u say which retracements are incorrect please?
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  • #145,772
  • Jul 13, 2009 4:38pm Jul 13, 2009 4:38pm
Well done to those that hung onto their long positions. I'm still looking for 1.6450...... Look for 1.6220 - 1.6180 range in asian session.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #145,773
  • Jul 13, 2009 4:40pm Jul 13, 2009 4:40pm
omg! i come back and see 120 red ones floating close to margin....
  • #145,774
  • Jul 13, 2009 4:41pm Jul 13, 2009 4:41pm

I gave up waiting for the fall, and now I'm buying GBP/USD ...

  • #145,775
  • Jul 13, 2009 4:42pm Jul 13, 2009 4:42pm
Quoting Bull_Bear
Well done to those that hung onto their long positions. I'm still looking for 1.6450...... Look for 1.6220 - 1.6180 range in asian session.
Hi Bull_Bear, I am looking for a similar scenario...
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  • #145,776
  • Jul 13, 2009 4:43pm Jul 13, 2009 4:43pm
Quoting malcolmb14
Monday thru US session ? you are on ......
Malcolmb, I believe I only owe you half a schooner, say a middy. Think the other half you owe me mate

Smell you all later in the London / US session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #145,777
  • Jul 13, 2009 4:44pm Jul 13, 2009 4:44pm
Quoting Andre88

I gave up waiting for the fall, and now I'm buying GBP/USD ...


wait for break of 236!
  • #145,778
  • Jul 13, 2009 4:51pm Jul 13, 2009 4:51pm
Quoting alex1976
wait for break of 236!

Break 238... more specific. (Bill Willians Fractal H1 Chart)
  • #145,779
  • Jul 13, 2009 4:55pm Jul 13, 2009 4:55pm
@ simoneg

i found right now a perfect harmonic pattern in M30 EUR/USD

all turns are on harmonic numbers.

AB = 0.5 XA
BC = 0.786 AB

CD = 1.272 BC
AND
CD = 0.618 XA
AND
AB = CD (purple line)

and thats not a normal AB = CD, its a perfect one, because the time
on H1 AB is 14 bars, also CD is 14 bars.

it can fail, like all patterns and trading methods, but its a good chance.

now we are 20 pips too late for entry, those one we must hit on the 3 confluence lines.
Attached Image (click to enlarge)
Click to Enlarge Name: image3.png Size: 27 KB
  • #145,780
  • Jul 13, 2009 4:58pm Jul 13, 2009 4:58pm
Oki Doke! See all tomorrow...Happy Trading!
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