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Cable Update (GBPUSD)

  • #209,761
  • Mar 24, 2010 1:37pm Mar 24, 2010 1:37pm
Quoting special0nefx
hi there. Can i have the indicator?

here u go
Attached File(s)
File Type: ex4 forexsignalszulutrade.ex4   9 KB | 207 downloads
  • #209,762
  • Mar 24, 2010 1:37pm Mar 24, 2010 1:37pm
Quoting kill56
here u go


Wednesday, March 24, 2010 11:28:46
(UK) Moody's affirms UK AAA rating; outlook stable
  • #209,763
  • Mar 24, 2010 1:39pm Mar 24, 2010 1:39pm
Quoting kill56
here u go
thx you bro...Nice indi your got...
  • #209,764
  • Mar 24, 2010 1:42pm Mar 24, 2010 1:42pm
Quoting Allseeingeye


Wednesday, March 24, 2010 11:28:46
(UK) Moody's affirms UK AAA rating; outlook stable

thanks bro

but when i look at the dow gold eur and cable then look at the dixy dollar is up unless we have realy bad news from the us all are going down
  • #209,765
  • Mar 24, 2010 1:51pm Mar 24, 2010 1:51pm
Quoting kill56
thanks bro

but when i look at the dow gold eur and cable then look at the dixy dollar is up unless we have realy bad news from the us all are going down

gbp usd still going down ...
another 4 to 8h at least.
  • #209,766
  • Mar 24, 2010 1:53pm Mar 24, 2010 1:53pm
Cable continued its downtrend move today, cancelling the previous set scenario to the upside. It didn’t reach the targets at higher timeframes, that’s why the current downside wave is not a new one, but the continuation of the latter.

As shown on the charts, price at the moment is forming wave (3) of 3. It means, that after consequent correction moves we’ll see downside waves (5) of 3 and 5. That means, that GU has enough distance to go lower.

Charts are in the signature link
  • #209,767
  • Mar 24, 2010 2:39pm Mar 24, 2010 2:39pm
Quoting Tovinces
Cable continued its downtrend move today, cancelling the previous set scenario to the upside. It didn’t reach the targets at higher timeframes, that’s why the current downside wave is not a new one, but the continuation of the latter.

As shown on the charts, price at the moment is forming wave (3) of 3. It means, that after consequent correction moves we’ll see downside waves (5) of 3 and 5. That means, that GU has enough distance to go lower.

Charts are in the signature link
my wave count is diffrent we are in a wave b up to 151 but i could be wrong ive been wrong 1 or 2 times before
  • #209,768
  • Mar 24, 2010 2:41pm Mar 24, 2010 2:41pm
how far you think this retrace is gonna go? I'm thinking max 4910, but thats just me and my attempt to read the 15 and 30 minute charts.
  • #209,769
  • Mar 24, 2010 2:42pm Mar 24, 2010 2:42pm
Quoting Allseeingeye
my wave count is diffrent we are in a wave b up to 151 but i could be wrong ive been wrong 1 or 2 times before

Any chance too see a chart ?
1 or 2 times over how many times ?
COT: The precious data ignored
  • #209,770
  • Mar 24, 2010 2:51pm Mar 24, 2010 2:51pm
Quoting Ineedpips9
how far you think this retrace is gonna go? I'm thinking max 4910, but thats just me and my attempt to read the 15 and 30 minute charts.
Hi,
On the 4h chart, it's probably going to retest the bottom next to 1st of March (left of this chart).
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 31 KB
  • #209,771
  • Mar 24, 2010 2:52pm Mar 24, 2010 2:52pm
Quoting Ineedpips9
how far you think this retrace is gonna go? I'm thinking max 4910, but that's just me and my attempt to read the 15 and 30 minute charts.
Actually it might go even higher if it didn't break the support level
エンジョイライフ！
  • #209,772
  • Mar 24, 2010 2:55pm Mar 24, 2010 2:55pm
Chart assumptions.
Looking at the daily chart, we can see a classic bear flag formation, leading into possible bear flag assumption rules, another 50% of the fall on the second leg, no room on the chart to show.

Weekly chart assumptions.
Red boxes are the fall zones, green boxes are the buys.
1. 3 weeks of fall, 1 week of recovery
2. This is the second week of fall, we should see a massive down side for the up and coming week.
3. Chart math:
The first drop Approx: 1.64654-1.55453=.10201
The second drop Approx: 1.58128-1.47829=.10299
Average of the 2: .10201+.10299/2=.1025
Top of the current chart, subtract the difference,
1.53806-.1025=1.43556 <-target for next leg down.

Chart symetry, assumption of trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bearflag.jpg Size: 41 KB
Click to Enlarge Name: week3.jpg Size: 56 KB
  • #209,773
  • Mar 24, 2010 2:59pm Mar 24, 2010 2:59pm
yea i'm starting to get a little worried so I just closed my last short from this morning. Starting to look at the eur/usd on the 5 and 15min charts. Might be toooo late and i'm tired. owell.
  • #209,774
  • Mar 24, 2010 3:00pm Mar 24, 2010 3:00pm
Thank You
  • #209,775
  • Mar 24, 2010 3:19pm Mar 24, 2010 3:19pm
Great trade today, it was a good day but I haven't been so lucky in the last week.

What you guys think?
  • #209,776
  • Mar 24, 2010 3:21pm Mar 24, 2010 3:21pm
this moving start acting so strange...
I will be the number one Manager.
  • #209,777
  • Mar 24, 2010 3:22pm Mar 24, 2010 3:22pm
worm do you think 4780 is gonna hold?
  • #209,778
  • Mar 24, 2010 3:46pm Mar 24, 2010 3:46pm
I have just taken my short off the table.... was looking for 1.4800 but looks like 1.4860 my hold for a bounce back. Am only taking the retrace from this point. 1.5000 MUST hold for continued down move to 1.4800.

Buy 1.4878... SL 1.4840.. TP 1.4960

Catch ya at the London session
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 113 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #209,779
  • Mar 24, 2010 3:57pm Mar 24, 2010 3:57pm
Quoting wormboy
whats wrong bro are u ok
  • #209,780
  • Mar 24, 2010 4:00pm Mar 24, 2010 4:00pm
Quoting Bull_Bear
I have just taken my short off the table.... was looking for 1.4800 but looks like 1.4860 my hold for a bounce back. Am only taking the retrace from this point. 1.5000 MUST hold for continued down move to 1.4800.

Buy 1.4878... SL 1.4840.. TP 1.4960

Catch ya at the London session
our next stop is 14810its a matter of time
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