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Cable Update (GBPUSD)

  • #145,781
  • Jul 13, 2009 5:01pm Jul 13, 2009 5:01pm
Quoting baggermatsch
@ 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.
Hi, I would appreciate you being specific to the GBP pattern I posted as I do not trade any other pair. Please also remember that 61.8 and 78.6 retrace setups are textbook.
Looking forward to your explanation.
Hero Traders Live to see their Accounts Die!
  • #145,782
  • Jul 13, 2009 5:04pm Jul 13, 2009 5:04pm
Quoting simoneg
Hi, I would appreciate you being specific to the GBP pattern I posted as I do not trade any other pair. Please also remember that 61.8 and 78.6 retrace setups are textbook.
Looking forward to your explanation.
ok, but first i must break for smoking =)

edit im short here GJ 151.21, stop -60, target +80
  • #145,783
  • Jul 13, 2009 5:05pm Jul 13, 2009 5:05pm
Quick Trade Targets:

 

  1. GU 1.6275
  2. GJ 151.75

  • #145,784
  • Jul 13, 2009 5:23pm Jul 13, 2009 5:23pm
Quoting baggermatsch
@ 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.
i said "it could fail".

generally true when the price goes higher without a retrace.

but in this example its not true, this setup was not failing. it is right now worth 25pips with/or an easy SL @ breakeven.
  • #145,785
  • Jul 13, 2009 5:26pm Jul 13, 2009 5:26pm
Quoting Bull_Bear
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

lol ... lets make it 4 scooners .. 2 each and get hammered ...now do we meet in Thailand or Phillipines ?
Blogging daily now at www.volume.zone
  • #145,786
  • Jul 13, 2009 5:35pm Jul 13, 2009 5:35pm
HEYY So what does VSA SAY NOW?


Quoting malcolmb14
lol ... lets make it 4 scooners .. 2 each and get hammered ...now do we meet in Thailand or Phillipines ?
Its all in the mind.
  • #145,787
  • Jul 13, 2009 5:36pm Jul 13, 2009 5:36pm
Quoting malcolmb14
lol ... lets make it 4 scooners .. 2 each and get hammered ...now do we meet in Thailand or Phillipines ?
what is ur skype id
  • #145,788
  • Jul 13, 2009 5:38pm Jul 13, 2009 5:38pm
I did not long it last night, but I was not bearish on this pair. I have a long now on close abobe 180 MA. That is Hourly.


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.
Its all in the mind.
  • #145,789
  • Jul 13, 2009 5:41pm Jul 13, 2009 5:41pm
Quoting malcolmb14
lol ... lets make it 4 scooners .. 2 each and get hammered ...now do we meet in Thailand or Phillipines ?
You mean 12 each and get hammered....
  • #145,790
  • Jul 13, 2009 5:58pm Jul 13, 2009 5:58pm
Quoting malcolmb14
lol ... lets make it 4 scooners .. 2 each and get hammered ...now do we meet in Thailand or Phillipines ?

Can I come too, I like tall skinny woman though and here the only ones like that in Thailand are actually men, so how about Amsterdam ??

Nice bit of uptrend today here.

Trading tommorow so back to random movements be warned
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145,791
  • Jul 13, 2009 5:59pm Jul 13, 2009 5:59pm
Quoting baggermatsch
i said "it could fail".

generally true when the price goes higher without a retrace.

but in this example its not true, this setup was not failing. it is right now worth 25pips with/or an easy SL @ breakeven.

Well any setup can fail...but u had said the pattern was incorrect and the retracements were inaccurate so I wanted to know what was wrong with the pattern and retracements.
Hero Traders Live to see their Accounts Die!
  • #145,792
  • Jul 13, 2009 6:15pm Jul 13, 2009 6:15pm
Quoting MoForce

...
[color=Red][color=Black]Just to let you guys know, I am not just making this up. Based on what I see here's what I see happening...

We open on Sunday possibly with a gap down. Whether it gaps down or not doesn't matter, but GU is likely to reach about 1.618X. From there we'll probably see a bounce up to about 1.63XX, but no more than 1.6450. Soon after that I'm expecting some major dropping to around 1.5550-1.5750. I can't tell what will happen after that.

Another note... H4 is turning bearish....


Still holds true with a few minor changes... just a quick note, the move downward we saw today was not supposed to happen according to my charts. Looks like there are a lot of people out there looking to sell.
  • #145,793
  • Jul 13, 2009 6:21pm Jul 13, 2009 6:21pm
see the daily that just closed.

it is bulish.

Agree with 6450-6500 max though

Quoting MoForce
Still holds true with a few minor changes... just a quick note, the move downward we saw today was not supposed to happen according to my charts. Looks like there are a lot of people out there looking to sell.
Its all in the mind.
  • #145,794
  • Jul 13, 2009 6:23pm Jul 13, 2009 6:23pm
Quoting MoForce
Still holds true with a few minor changes... just a quick note, the move downward we saw today was not supposed to happen according to my charts. Looks like there are a lot of people out there looking to sell.
You are probably right ... because I have just short the crap outta her myself
But 6325 is the most I'm giving myself for this trade, if price close above that I'm not staying and get hammered.

Good luck anyway. Laters.
Thank You
  • #145,795
  • Jul 13, 2009 6:25pm Jul 13, 2009 6:25pm
dayly support @ 6350 area, keep eye here for small short ;D


Angelina.
  • #145,796
  • Jul 13, 2009 6:25pm Jul 13, 2009 6:25pm
i have a pending short at 1.635 looking for 1.61 is/are anyone considering shorting there too???
  • #145,797
  • Jul 13, 2009 6:27pm Jul 13, 2009 6:27pm
Quoting 5abi
see the daily that just closed.

it is bulish.

Agree with 6450-6500 max though

1 hr showed those buyers ocming in . I am on GJ now though ... much more fun than GU .

Here is what I have on GU between now and tomorrow. If we see US up tomorrow we could easiliy see a test of 1.6500. The higher the better ... even 1.7000 . i would like Gj to go into 155 / 157 to add to my short position for ultimate move next month

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  • #145,798
  • Jul 13, 2009 6:29pm Jul 13, 2009 6:29pm
we agree after a long time today.

I see US up tomorrow as I saw US up today yesterday Tone is bearish but the traders do not want to short it today.. so make some pips while you can on the long side of the flow.

Quoting malcolmb14
1 hr showed those buyers ocming in . I am on GJ now though ... much more fun than GU .

Here is what I have on GU between now and tomorrow. If we see US up tomorrow we could easiliy see a test of 1.6500. The higher the better ... even 1.7000 . i would like Gj to go into 155 / 157 to add to my short position for ultimate move next month

Attachment
Its all in the mind.
  • #145,799
  • Jul 13, 2009 6:34pm Jul 13, 2009 6:34pm
i see a repeat of 2 weeks ago

buy:1.6050
sell:1.6350
repeat
  • #145,800
  • Jul 13, 2009 6:35pm Jul 13, 2009 6:35pm
this one may manage a lil more this time.

Quoting tjhimself
i see a repeat of 2 weeks ago

buy:1.6050
sell:1.6350
repeat
Its all in the mind.
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