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Cable Update (GBPUSD)

  • #184,081
  • Nov 19, 2009 3:58pm Nov 19, 2009 3:58pm
Quoting Magix
Actually it's kinda pretty mal, a little busy but your getting there.

I would love to buy @ 1.65, would make for an excellent long week next week, but if the trend continues, I would be looking @ 1.6585ish as the buy zone, but we gotta get there first.
lol i did do the pink yellow and green just for you

1.6700 ish then 1.6500 .. maybe 1.6460 .. then up 1.6600 , then if that holds .... well 1.6200 of course
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  • #184,082
  • Nov 19, 2009 4:03pm Nov 19, 2009 4:03pm
Quoting Stocky Monk
Like the way you use critical levels in stocks to determine movement in gbp/usd....I use the same concept in trading GU and also when trading the 10yr Bund as stocks (ES, Eurostoxx, dax) and bonds usually follow a 80/90% inverse correllation most the time. Keep up the good work!

I trade ES alot more than fx intraday . I find that once the correlation is there , as it was today , certainly makes life easier.

Really suspect on ES .. down to that support level 1087 , bounced there all day and even got accumulated
Blogging daily now at www.volume.zone
  • #184,083
  • Nov 19, 2009 4:07pm Nov 19, 2009 4:07pm
Quoting IbkA
Absolutely, no one had a choice before they came to mother earth of where they would be born, or what their ethnic origin would be, so tolerance is the least we owe to those less fortunate than us who weren't born here, or aren't 'true Brits' as they say...

Kudos to you to, most people that read that answer with " Random, I think it had something to do with my mom and dad " LOL


Ship all them out to make room for people with a brain hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #184,084
  • Nov 19, 2009 4:16pm Nov 19, 2009 4:16pm
Quoting malcolmb14
lol i did do the pink yellow and green just for you

1.6700 ish then 1.6500 .. maybe 1.6460 .. then up 1.6600 , then if that holds .... well 1.6200 of course

If I may ask, what time frame would you put this at?

Best Regards.
  • #184,085
  • Nov 19, 2009 5:27pm Nov 19, 2009 5:27pm
Quoting Magix
Yawn....

This is getting really old....
Both of you please stop this ,If he good trader then he good for himself if he bad bad for himself ,We are here
1-Share our view 2-Advice for better entry or trade, SO let's do that Only!!
  • #184,086
  • Nov 19, 2009 5:36pm Nov 19, 2009 5:36pm
Quoting egkid
Both of you please stop this ,If he good trader then he good for himself if he bad bad for himself ,We are here
1-Share our view 2-Advice for better entry or trade, SO let's do that Only!!
Uh, this is kinda what I was suggesting....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,087
  • Nov 19, 2009 5:40pm Nov 19, 2009 5:40pm
With these constant bickerings in this once wonderful thread, it is not surprising that less and less regulars are posting here.
Great Bodies are Engineered not Born
  • #184,088
  • Nov 19, 2009 6:00pm Nov 19, 2009 6:00pm
We are missing a bunch....

Quoting RichLadyFX
With these constant bickerings in this once wonderful thread, it is not surprising that less and less regulars are posting here.
True.
Quoting egkid
Both of you please stop this ,If he good trader then he good for himself if he bad bad for himself ,We are here
1-Share our view 2-Advice for better entry or trade, SO let's do that Only!!

All sides should be posted and reasoning, then we can have constructive arguments as to why or why not. Sell / buy that's what it's about and why we are here in the first place.
Right?
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,089
  • Nov 19, 2009 6:02pm Nov 19, 2009 6:02pm
There is a pending long that is just about to meet my setup.
  • #184,090
  • Edited 6:23pm Nov 19, 2009 6:12pm | Edited 6:23pm
Quoting sed34
There is a pending long that is just about to meet my setup.
I took the bite at 1.6648, support off of the 30 min chart, 24SMA line....

It is a gamble as we are trapped below the 24SMA, 1hr chart, need to break and hold this for further upside.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,091
  • Nov 19, 2009 6:15pm Nov 19, 2009 6:15pm
Quoting XTrade
We are missing a bunch....



True.



All sides should be posted and reasoning, then we can have constructive arguments as to why or why not. Sell / buy that's what it's about and why we are here in the first place.
Right?
X-

I think it's the name calling I could do without, and perhaps some chart support instead of ambiguous numbers called. These have no merit, and don't really teach much of anything.

But I do agree, like the back n forth Malcomb and myself have going. We are at least posting logic of the trades, charts, and reasoning.

This offers play strategy and learning for all.

I am not perfect and could always use more knowledge.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,092
  • Nov 19, 2009 6:23pm Nov 19, 2009 6:23pm
No wonder many of good traders run away from this forum & am looking at it almost 1 month & still never stop. Dammm. Dont point ur fingers wild u still have 4 pointing to u.
I would to said to the newbe who read this better go away from here and find a nice one.

Well guys, this is my last post to u all & be happy if it good to u.
Bye.
GELORE
  • #184,093
  • Nov 19, 2009 6:24pm Nov 19, 2009 6:24pm
Quoting mangojoe
If I may ask, what time frame would you put this at?

Best Regards.

15 min should work well ...
Blogging daily now at www.volume.zone
  • #184,094
  • Nov 19, 2009 6:26pm Nov 19, 2009 6:26pm
Malcolmb14,

If I may can I question your latest postings regarding wave 1 & 2 and possible start of 3 because I have several problems with your analysis.

1). Your post 184076 talks of wave 4. I presume you mean wave 4 of wave 1 down of wave 3, given that the earlier referral to waves 1 and 2 were in a time frame spanning 72 day/sessions. On that time frame basis wave 3 (the bigger one) should be in the region of 49 sessions (the length of wave 1) times 1.6 or around 78 days to complete the 5 waves of wave 3 down. According to that post you are going to have wave 1 of 3 completed in 5 sessions and therefore the entire wave 3 down complete in around 26 sessions.

2). I have never seen an Elliot wave started in the middle. By this I mean if we take 5th August as the start of wave 1 down where is the preceding A,B,C or 1,2,3,4,5 or even an X wave. I can not make anything fit.

3). Ignoring the aforementioned, we can not yet exclude the possibility that this is simply a small pull back still within wave 2.

Any light you can shed on this one gratefully received. I used to use a lot off Elliot though it was my partner who was good at it. Very successful for while, but we did hear rumour of the big money deliberately setting up patterns to mug the retail/semi pro punters.

No slight intentended, just confussed.
Cheers.
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  • #184,095
  • Nov 19, 2009 6:35pm Nov 19, 2009 6:35pm
Quoting malcolmb14
15 min should work well ...
Mal can you look to e/g and tel me your view
  • #184,096
  • Edited 6:47pm Nov 19, 2009 6:36pm | Edited 6:47pm
Off, but on topic. (maybe cheesy but true.)

I am not referring to any one in particular. Just saying.

Even when I started posting here which was not very long ago. 351 posts,
there were constant charts being posted, reasons why, honest position taking calls, good and bad.

Also when the market was flat there was a light banter of joking and other nonsense posted to pass the time. By traders who were surely friendly thru FXFctry.


A lot to learn from and share with. I don't care how long people have traded or how big your account is, or for that matter if you trade micro or million dollar lots.
Why,
Because I have learned in ForeX we all have constant learning to do, to the older more experienced traders this is where, if you feel generous enough,
sharing your charts, and sentiments with us who are newer comes in. your call, just know many have learned a lot here and you guys know who you are.
And good trading is good trading plain and simple.

Look, I can understand a noob, saying "tell me where cable is going" getting no re:--- read a chart.

But there seems to be less and less in here nightly / daily and we are forgetting the reason why we are here.

Rule: PLAY THE POST NOT THE PERSON. No matter what.
Constuctive criticism, and idea sharing will make us ALL better traders and in the end WEALTHIER traders, here we all share the same sentiment.
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,097
  • Nov 19, 2009 6:37pm Nov 19, 2009 6:37pm
Quoting Uphios
Malcolmb14,...
You got yer title set as complete idiot...This is what I feel like just reading your post. Cripes man, help a brother out, throw a chart down so I can see what your talking about.

PS...

No slight intended, just seriously confused...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,098
  • Nov 19, 2009 6:47pm Nov 19, 2009 6:47pm
waves within waves

wave 2 is weekly count

wave 4 is count on a 60 min chart

daily .... well wave 1 could end at the 5 wave count on the 60 min at about 1.6500 ish , maybe tomorrow.

chart 1 weekly
chart 2 daily
chart 3 hourly

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Quoting Uphios
Malcolmb14,

If I may can I question your latest postings regarding wave 1 & 2 and possible start of 3 because I have several problems with your analysis.

1). Your post 184076 talks of wave 4. I presume you mean wave 4 of wave 1 down of wave 3, given that the earlier referral to waves 1 and 2 were in a time frame spanning 72 day/sessions. On that time frame basis wave 3 (the bigger one) should be in the region of 49 sessions (the length of wave 1) times 1.6 or around 78 days to complete the 5 waves of wave 3 down. According to that post you are...
Blogging daily now at www.volume.zone
  • #184,099
  • Nov 19, 2009 6:49pm Nov 19, 2009 6:49pm
Quoting Magix
You got yer title set as complete idiot...This is what I feel like just reading your post. Cripes man, help a brother out, throw a chart down so I can see what your talking about.

PS...

No slight intended, just seriously confused...
Not my charts to throw down, just referring to Malc’s previous charts from the weekend and today.
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  • #184,100
  • Nov 19, 2009 6:52pm Nov 19, 2009 6:52pm
Quoting egkid
Mal can you look to e/g and tel me your view

1st thing that strikes me on daily is the symmetry is changing at the bottom of that channel

almost seems like reversal is setitng up

damn looking at larger daily ... that is a bull flag ....could break to upside. This meanso nly one thing..GU 1.6000 here we come

what were you thinking ?

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