I'm thinking to the downside this week.
Cable Update (GBPUSD)
- #193,682
- Jan 17, 2010 10:58am Jan 17, 2010 10:58am
- | Commercial User | Joined May 2009 | 5,751 Posts
I'm expecting a retracement too, not trading it as i must see a new high or back into sell.
Anyway, what's the Black dog bro?
"Buy on fear, sell on greed !!!
- #193,686
- Jan 17, 2010 11:08am Jan 17, 2010 11:08am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #193,689
- Jan 17, 2010 11:27am Jan 17, 2010 11:27am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
i appreciate really this discussion and i get a lot from it ,
what i mean is this week is very critical because of an effective news that may be affect on the trend of any currency up or down ....that's all
Have a Nice trading week...
Weekend charts are speculation at best, going into Sunday, which will not offer anything by way of true direction.
The play ranges I trade off of are on the shorter time frames, but still use the same support and resistance.
Guessing before market is open is just that...A guess.
As we cannot speculate what news will do, all we have left is what the chart offers.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #193,690
- Jan 17, 2010 11:37am Jan 17, 2010 11:37am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
ok...this is mine...
i think point 1 (red) is the key for still bullish..candle open and close hight yesterday..and may thats why in downside friday, it's not really bearish and close in up mode...,
this week probable in a side way (for large TF, D/W/M) between 1.6474 (max) and 1.6135 (min).....
ok..ok...that more than 300 point...so some people might say that's not side way....
we still in midle of trend in W and M TF so it's better becarefull in entry..
tommorow;
if in asia session or before London lunch price break pink line 1.6174 ... monday may down to the next point @ 1.6135
if not... it may try to penetration at level 1.6409-12 (important level).
if after 1.6412 nothing happen (engulfing for example or ect) it will climb to 1.6474...
after that.......i don't know......hehehehe...
ok, it's just my analysis in imagination mode....and some people say "trade what you see"....
i think point 1 (red) is the key for still bullish..candle open and close hight yesterday..and may thats why in downside friday, it's not really bearish and close in up mode...,
this week probable in a side way (for large TF, D/W/M) between 1.6474 (max) and 1.6135 (min).....
ok..ok...that more than 300 point...so some people might say that's not side way....
we still in midle of trend in W and M TF so it's better becarefull in entry..
tommorow;
if in asia session or before London lunch price break pink line 1.6174 ... monday may down to the next point @ 1.6135
if not... it may try to penetration at level 1.6409-12 (important level).
if after 1.6412 nothing happen (engulfing for example or ect) it will climb to 1.6474...
after that.......i don't know......hehehehe...
ok, it's just my analysis in imagination mode....and some people say "trade what you see"....
I will be the number one Manager.
- #193,691
- Jan 17, 2010 12:57pm Jan 17, 2010 12:57pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Magix ... sent this to you via skype also ,
If we have symmetry of moves the move to 1.66355 was in the form of an abc correction.
assuming the down move that started friday has same slope as the down move of dec by 3rd week in feb we will be at 1.5500.
support on daily is 1.6210 , this breaks we move to 15900 , this 300 pip move may form this week.
I agree as per our discussion about gu moving to 1.5000 area if that weekly support
1st one is dynamic trader with fib time cycles within weekly channel . These do not always work but there are strong chances of reversals on or around these dates. The high pof aug 7th was picked up exactly and predicated by plotting time line 26th serpt high to 23 jan lows
oddly enough fib time cylces for this week are picking up we may see down move off top of channel 1.6355 for move thru to 19th feb to channel low atr 1.5500. This also ties in with symmetry.
2nd chart is esignal and shows how symmetry of moves and time cycles may play out in the coming weeks
of course market is dynamic and this is NOT a trade call just an educated guess on what may happen
If we have symmetry of moves the move to 1.66355 was in the form of an abc correction.
assuming the down move that started friday has same slope as the down move of dec by 3rd week in feb we will be at 1.5500.
support on daily is 1.6210 , this breaks we move to 15900 , this 300 pip move may form this week.
I agree as per our discussion about gu moving to 1.5000 area if that weekly support
1st one is dynamic trader with fib time cycles within weekly channel . These do not always work but there are strong chances of reversals on or around these dates. The high pof aug 7th was picked up exactly and predicated by plotting time line 26th serpt high to 23 jan lows
oddly enough fib time cylces for this week are picking up we may see down move off top of channel 1.6355 for move thru to 19th feb to channel low atr 1.5500. This also ties in with symmetry.
2nd chart is esignal and shows how symmetry of moves and time cycles may play out in the coming weeks
of course market is dynamic and this is NOT a trade call just an educated guess on what may happen
Looking through the different time frames allows me to take trades throughout the day in direction of the immediate trend, using the h4 and daily as the immediate trend setters and trading off the 15m in confirmation, using the 1m for entries....
Blogging daily now at www.volume.zone
- #193,692
- Jan 17, 2010 1:08pm Jan 17, 2010 1:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
4H: Down trend
Daily: Is UP trend but there should be some retrace (which justify 4H down trend)
Weekly: UP trend
Monthly: UP trend
weekly check last post .. unless .16360 taken out is down trend
monthly since June 09 is sideways consolidation and unless 1.7000 taken out is downtrend since late 2007
infact move off 1.3500 to me is still a reatrace and next down wave to come to at least test 1.3500
Blogging daily now at www.volume.zone
- #193,694
- Jan 17, 2010 1:31pm Jan 17, 2010 1:31pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #193,695
- Jan 17, 2010 2:19pm Jan 17, 2010 2:19pm
- Joined Oct 2009 | Status: Trader | 1,342 Posts
LOL. not only me on the down side. 
- #193,698
- Jan 17, 2010 3:15pm Jan 17, 2010 3:15pm
- Joined Oct 2009 | Status: Trader | 1,342 Posts
(i guess babytrader don't have girlfriend....so he make analysis all day...)
BTW that's good....
My wife is suffering from the red highlighted above.
- #193,700
- Jan 17, 2010 4:40pm Jan 17, 2010 4:40pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.