I don't know if my wave count is true or not.
So I ask anyone who has an experience in EW to correct my count.
regards.
So I ask anyone who has an experience in EW to correct my count.
regards.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedI don't know if my wave count is true or not.
So I ask anyone who has an experience in EW to correct my count.
regards.Ignored
DislikedBearish momentum subsided today
Cable tested former down TL around 1.5920 and bounced
As such I'm buying here @ 1.5955 ...just below yesterday's stopout level anticipating re-entry into prior range zone.
Merry Christmas!Ignored
DislikedCable piercing another new high today 1.6354 before retracing the previous swing-high (now strong support) around 1.6441 and probing below there briefly....That was probably an opportunity for those late to the bull party to get on board or maybe to cover for those whose short positions are now underwater....
Anyway...we're now back up trading @ 1.6270
Weekly made a HH-HL this week as well...
My open long position is up 315 pips @ 1.6270
All in all I still like the bullish posture of this pair
I Will Continue To Carry My Long Position...Ignored
DislikedThx so much Lion!
I can see this working very well with my Murrey Math and Darma Pivot Levels for price targets!
Do you have a time preference for interpreting it? eg. Weekly/Daily first for direction, then 1H for entry??Ignored
DislikedI hate this. Some here know I'm new and now, I'm completly confused.
The only thing that comes to mind is, if you are a scalper/daytrader then look for 1m and 5m and longer charts as longer your sl and tp.
Help here, my account might blow out by sunday.
The best you guys.Ignored
DislikedCable piercing another new high today 1.6354 before retracing the previous swing-high (now strong support) around 1.6441 and probing below there briefly....That was probably an opportunity for those late to the bull party to get on board or maybe to cover for those whose short positions are now underwater....
Anyway...we're now back up trading @ 1.6270
Weekly made a HH-HL this week as well...
My open long position is up 315 pips @ 1.6270
All in all I still like the bullish posture of this pair
I Will Continue To Carry My Long...Ignored
Dislikedsorry for my lack of knowledge in computers please can someone tell me how to post a chart
bagsIgnored
Dislikedhanks for your help
does this mean i have to save it to a doc ument first?Ignored
Dislikedfollow the steps and u will be able to post ur chart here in the easiest way
in mt4
ALT+F+I+ENTER
GIVE NAME OF FILE
SAVE
IN POST REPLY CLICK MANAGE ATTACHMENTS
BROWSE UPLOAD
SUBMIT
TRY POSTING A NUDE MODEL TO LEARN FASTER
Ignored
DislikedSince most of the currency movements tend to based around interest rate decision, the attached daily shows cable in a range since June 2009 with swings around the centerline (1.6450) while FOMC maintains its stance on interest rates (<0.25%). Coincidentally, FOMC seems to fall right around this line for the last 5 times. Could blue line be the projected path to end somewhere in yellow box?
Also attached is hourly that could turn out to be a channel for cable's upmove.
Thoughts/comments?? My first post here so please be kindIgnored