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Cable Update (GBPUSD)

  • #193,601
  • Jan 15, 2010 2:05pm Jan 15, 2010 2:05pm
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.
Attached Image (click to enlarge)
Click to Enlarge Name: d1.gif Size: 33 KB
  • #193,602
  • Jan 15, 2010 2:26pm Jan 15, 2010 2:26pm
Quoting Baby-Trader
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.
dos that help bro

how is u day
Attached Image (click to enlarge)
Click to Enlarge Name: daily cable.gif Size: 24 KB
  • #193,603
  • Jan 15, 2010 3:49pm Jan 15, 2010 3:49pm
Quoting GlobalMacro
Bearish 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!
Cable 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 Set @ 1.5955


Have A Great Weekend!
Attached Images
Hear the music before the song is over ...
  • #193,604
  • Jan 15, 2010 4:32pm Jan 15, 2010 4:32pm
Quoting GlobalMacro
Cable 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...
....
Ghost Rider - WWTBMD?
  • #193,605
  • Jan 15, 2010 4:59pm Jan 15, 2010 4:59pm
Pound this week showed growth in the rising channel, inside which formed intermediate uplink. In the currency pair is oversold signal in the range of the resistance line, from which the correction is expected to decline.
Indicators in the middle zone.
Forecast depreciation.
  • #193,606
  • Jan 15, 2010 7:15pm Jan 15, 2010 7:15pm
Since 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 kind
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-D.GIF Size: 82 KB
Click to Enlarge Name: GBP-H.GIF Size: 76 KB
  • #193,607
  • Jan 15, 2010 7:52pm Jan 15, 2010 7:52pm
I 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.
Attached Image (click to enlarge)
Click to Enlarge Name: m30.JPG Size: 90 KB
  • #193,608
  • Jan 15, 2010 8:34pm Jan 15, 2010 8:34pm
Quoting vlady1974
Thx 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??
I posted a chart with reference on what to expect on Monday here http://www.forex-signals-zulutrade.c...an-jan-15-2010

you can use SHIV BHAKTI on any time frame, personally I prefer 1 hour and above, which suits my trade style of set it and forget it.
  • #193,609
  • Jan 16, 2010 12:57am Jan 16, 2010 12:57am
Quoting MartinR
I 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.
Stop...Slow Down...Look Around.
"Keep your eyes on the helpers" - Mr. Rogers
  • #193,610
  • Jan 16, 2010 2:34am Jan 16, 2010 2:34am
Quoting GlobalMacro
Cable 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...
Looking at the Daily it hit 50% retracement, came down and now we have a Bearish Outside Bar.

I will be looking for a Short at Blue zones in 1H.

Just my view .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 25 KB
Click to Enlarge Name: 3.gif Size: 18 KB
  • #193,611
  • Jan 16, 2010 3:10am Jan 16, 2010 3:10am
i would short after yesterday's bearish engulfing and my target would be 1.5914
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 20 KB
  • #193,612
  • Jan 16, 2010 3:16am Jan 16, 2010 3:16am
why anybody dont mention dat gartley on daily for cable?
for me it will fall soon or late next week
never run after pips, let pips just come to you
  • #193,613
  • Jan 16, 2010 4:14am Jan 16, 2010 4:14am
sorry for my lack of knowledge in computers please can someone tell me how to post a chart
bags
  • #193,614
  • Jan 16, 2010 4:22am Jan 16, 2010 4:22am
Quoting bags1
sorry for my lack of knowledge in computers please can someone tell me how to post a chart
bags
press post a reply..
go down to mannage attachements
on top press browse
add chart from documents
press open
press then upload on FF
press then submit at youre mssg
done
  • #193,615
  • Jan 16, 2010 4:28am Jan 16, 2010 4:28am
hanks for your help
does this mean i have to save it to a doc ument first?
  • #193,616
  • Jan 16, 2010 4:39am Jan 16, 2010 4:39am
Quoting bags1
hanks for your help
does this mean i have to save it to a doc ument first?
follow 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
  • #193,617
  • Jan 16, 2010 4:51am Jan 16, 2010 4:51am
Quoting forexlion
follow 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

How to attach picture inside frame with caption attached images ?
Patience + Discipline =
  • #193,618
  • Jan 16, 2010 5:16am Jan 16, 2010 5:16am
Quoting Jemmy
How to attach picture inside frame with caption attached images ?
cheers a million
hopefully some will benefit from my anyalsis
  • #193,619
  • Jan 16, 2010 5:32am Jan 16, 2010 5:32am
Quoting CasperTrader
Since 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 kind

Hey CasperTrader,
I really like your post. It certainly gives food for thought and I'd be interested to see if this pans out. Next FOMC Statement 27th Jan... could that be the target time-period for your projection??? Let's see.
A pip is only worth it if you know how much you risked to earn it
  • #193,620
  • Jan 16, 2010 5:42am Jan 16, 2010 5:42am
hey bros,

Do u think that the market will open with a gap?????? up or down ??
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