Cable Update (GBPUSD) | Page 9206 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #184,101
  • Nov 19, 2009 6:56pm Nov 19, 2009 6:56pm
Quoting Uphios
Not my charts to throw down, just referring to Malc’s previous charts from the weekend and today.

let me know if my last post on the waves cleared htings up

I am no EW expert .. u just use symmetry and fib ext / retraces
Blogging daily now at www.volume.zone
  • #184,102
  • Nov 19, 2009 6:56pm Nov 19, 2009 6:56pm
Quoting egkid
Was hope to agree with me but seems we are not.
Any way I'm already in buy 1.8835 and i will hold it,I think we will over 0.90

Which TF are you talking about ? I'm talking about daily - 4h TF

GL ALL
malcolmb
This was my view almost the same since 0.8835 and i post to you early but i think you didn't see it
http://www.forexfactory.com/showthre...18#post3239818
  • #184,103
  • Nov 19, 2009 6:58pm Nov 19, 2009 6:58pm
Hi Malcomb14,
I know you trade other markets, would you mind elaborating this thought below? Just interested if it is due to FX or other markets and why you feel this way.

Ranging 75 with cable almost past .6800 makes sense. Then cable falls while dollar does nothing, sometimes.

Thanks!
X-

Quoting malcolmb14
did you not know that usd has nothing to do with GU .....

I keep on going on about the dx and basing 75 ....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,104
  • Edited 7:18pm Nov 19, 2009 7:03pm | Edited 7:18pm
someting very important happened imo on GBPUSD chart. details on my blog as always
Attached Image (click to enlarge)
Click to Enlarge Name: gu4h (4).png Size: 23 KB
  • #184,105
  • Nov 19, 2009 7:04pm Nov 19, 2009 7:04pm
[quote=malcolmb14;3247322]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.

Hmmmm. Not really an answer there. Where are the waves leading up to the start of wave 1 on 5th August and if you draw your near complete current wave 1 of three on your 1st chart you will see it does not even register, it is not of the same scale as previous waves.

No matter, I will remain a little confussed and watch what unfolds.

Cheers.
This space intentionally left blank.
  • #184,106
  • Nov 19, 2009 7:10pm Nov 19, 2009 7:10pm
Quoting malcolmb14
this is forming text book 5 wave ew

wave 4 ends in 1.1.6700 to 1.6730

target to downside based on 1-2-3 sell off that level = 1.6500

I know magik ...to many pretty colours for you

Attachment

Attachment

cannot even get to 61.8 retrace .....not even 38 % ....
Blogging daily now at www.volume.zone
  • #184,107
  • Nov 19, 2009 7:19pm Nov 19, 2009 7:19pm
Looks like my long setup is not happening anytime soon. Maybe London the setup will happen.
  • #184,108
  • Nov 19, 2009 7:26pm Nov 19, 2009 7:26pm
http://www.esignallearning.com/members/getManual.aspx

chapter 9 and 10 will explains alot .. waves do not have to be symmtrical

[quote=Uphios;3247372]
Quoting malcolmb14
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.

Hmmmm. Not really an answer there. Where are the waves leading up to the start of wave 1 on 5th August and if you draw your near complete current wave 1 of three on your 1st chart you will see it does not even register, it is not of the same scale as previous waves.

No matter, I will remain a little confussed and watch what unfolds....
Blogging daily now at www.volume.zone
  • #184,109
  • Nov 19, 2009 7:47pm Nov 19, 2009 7:47pm
Is it likely GBPUSD will move up in asian or london? Looks like its bottomed out for now. Looking at my 4hour chart and stochastic have begun to turn up.

I'm in a buy for now, just looking for 50pip.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4h.gif Size: 15 KB
  • #184,110
  • Nov 19, 2009 8:07pm Nov 19, 2009 8:07pm
Quoting damien100888
Is it likely GBPUSD will move up in asian or london? Looks like its bottomed out for now. Looking at my 4hour chart and stochastic have begun to turn up.

I'm in a buy for now, just looking for 50pip.

Attachment
I still see a little more room down here myself...

FWIW, throw a 55EMA line on a 1m chart and see how well it stops price from rising....

Scalpers tool.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,111
  • Nov 19, 2009 8:16pm Nov 19, 2009 8:16pm
Quoting Magix
I still see a little more room down here myself...

FWIW, throw a 55EMA line on a 1m chart and see how well it stops price from rising....

Scalpers tool.

Hmmmm can be my lucky day and break 1.6540 and see 1.64
  • #184,112
  • Nov 19, 2009 8:18pm Nov 19, 2009 8:18pm
Quoting egkid
Hmmmm can be my lucky day and break 1.6540 and see 1.64
We are right @ resistance...not because of daily price, but because of the line of denial...

Throw a 1440EMA onto a 15m chart...I just exited my short, will wait until a cross, breach and hold @ this point.

But, Wishing ya the best my friend!

GO MAN GO!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,113
  • Nov 19, 2009 8:26pm Nov 19, 2009 8:26pm
Quoting Magix
I still see a little more room down here myself...

FWIW, throw a 55EMA line on a 1m chart and see how well it stops price from rising....

Scalpers tool.

Wow, now it looks different. I just exited the buy and got into the sell. Thanks a lot.
  • #184,114
  • Nov 19, 2009 8:37pm Nov 19, 2009 8:37pm
Quoting Magix
We are right @ resistance...not because of daily price, but because of the line of denial...

Throw a 1440EMA onto a 15m chart...I just exited my short, will wait until a cross, breach and hold @ this point.

But, Wishing ya the best my friend!

GO MAN GO!
Thanks bro I will wait to see where this 1h close:-)
  • #184,115
  • Nov 19, 2009 8:40pm Nov 19, 2009 8:40pm
Quoting egkid
Thanks bro I will wait to see where this 1h close:-)
Wasn't telling you to exit, by any stretch...

I have set trade rules based on support and resistance..Every time I don't pay heed to them, I quickly learn why I had set them to begin with.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,116
  • Nov 19, 2009 8:43pm Nov 19, 2009 8:43pm
Not sure if you can see, but right @ current is the 1440EMA, on the 15m chart...Might just be a stall, but I will sit and wait for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: denial.JPG Size: 52 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,117
  • Nov 19, 2009 8:45pm Nov 19, 2009 8:45pm
adfvanced get 30 min wave count same as one I posted earlier

wave 5 target 1.6500 ish to 1.6422

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 240 KB






Quoting malcolmb14
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

Attachment

Attachment

Attachment
Blogging daily now at www.volume.zone
  • #184,118
  • Nov 19, 2009 8:51pm Nov 19, 2009 8:51pm
Quoting Magix
Wasn't telling you to exit, by any stretch...

I have set trade rules based on support and resistance..Every time I don't pay heed to them, I quickly learn why I had set them to begin with.
I know :-) It 1th rule to stick with your own rule
When i start trade on live i was follow big trader was been in this bussiness for 10Years and ooops he was totaly wrong i loss much since that time i Never follow Anyone what ever he is Only my rule:-)

I say that lesson to newbie here who are read And to remind myself
  • #184,119
  • Nov 19, 2009 8:53pm Nov 19, 2009 8:53pm
Quoting egkid
Thanks bro I will wait to see where this 1h close:-)

u still up bro no work tomo
  • #184,120
  • Nov 19, 2009 8:55pm Nov 19, 2009 8:55pm
Quoting malcolmb14
adfvanced get 30 min wave count same as one I posted earlier

wave 5 target 1.6500 ish to 1.6422

Attachment
AHA you have Advanced get cool
can check the crazy e/u in daily when u have time ?
Wish i know which wave it ,I suppose ABC correction but I'm not Good with EW
1,169 traders viewing now, 5 are registered:
,
,
Ezn
,
,