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Cable Update (GBPUSD)

  • #216,941
  • Apr 13, 2010 2:45pm Apr 13, 2010 2:45pm
Quoting bbakker
I do like the way these two trendlines meet at the 50% fib!


I have made them thicker so that they stand out! Time will tell!
brian

the aqua trendline is not valid. you need a minimum of two touches from the first wick to the next swing hi/lo for it to be valid.

Good luck.
Thank You
  • #216,942
  • Apr 13, 2010 2:46pm Apr 13, 2010 2:46pm
Quoting wormboy
brian

the aqua trendline is not valid. you need a minimum of two touches from the first wick to the next swing hi/lo for it to be valid.

Good luck.
The aqua line comes from m15 and has about 5 touches!

EDIT: I suppose you can't mix trendlines from different timelines then?
  • #216,943
  • Apr 13, 2010 2:47pm Apr 13, 2010 2:47pm
Quoting bbakker
OK. I can't see the double bottom myself. If you can point it out to me in your chart that would be cool.

I am now long biased, so let's see what happens!
It's not GU that has the double bottom, it's EU @ daily.

http://www.forexfactory.com/showthre...378&page=14462
  • #216,944
  • Apr 13, 2010 3:00pm Apr 13, 2010 3:00pm
Quoting A-speculator
It's not GU that has the double bottom, it's EU @ daily.

http://www.forexfactory.com/showthre...378&page=14462
Those double bottoms are miles away. Looking at that your chart of yours I can see a W-shaped recovery clear as daylight, so there is plenty of more room for some upside in EU too! Ching ching!
  • #216,945
  • Apr 13, 2010 3:04pm Apr 13, 2010 3:04pm
Quoting bbakker
Those double bottoms are miles away. Looking at that your chart of yours I can see a W-shaped recovery clear as daylight, so there is plenty of more room for some upside in EU too! Ching ching!
so, if that boob play out... I guess GU will follow too..
  • #216,946
  • Apr 13, 2010 3:13pm Apr 13, 2010 3:13pm
Quoting bbakker
Try copying the file from C:Windows system32 mspaint.exe in Win7 to XP, although I am not sure if it requires any DLLs from Win7. Give it a try!
Cant you download it to ms config from microsoft.com? try searching their knowledge base, I pretty sure it will be a free download as its been going since windows 3.1
  • #216,947
  • Apr 13, 2010 3:14pm Apr 13, 2010 3:14pm
Quoting A-speculator
It's not GU that has the double bottom, it's EU @ daily.

http://www.forexfactory.com/showthre...378&page=14462

GU too see daily @ 1.4781
Since then bullish momentum is building.
Don't be a hero. Don't have an ego. Always question yourself
  • #216,948
  • Apr 13, 2010 3:16pm Apr 13, 2010 3:16pm
Quoting A-speculator
so, if that boob play out... I guess GU will follow too..
Oh yeah baby and supported by fundies in the UK and bad ones from the US today. I still have my long from 15395 Not the best entry place, I must admit, but actually spending some time doing my charts as I had the day off work today I am convinced we are ready for a move up and so is EU.

I was studying yesterday, today after the family day out, I put into practice what I studied and my charts were the results. A number of other senior experts such as Wormie, malcolm and others think the same.

Mind you, I still have a long way to go! I have only been in this game 2 and a bit months.

Saying that cable is cable and we do have an election here on the 6th May. Let's see what happens!
  • #216,949
  • Apr 13, 2010 3:19pm Apr 13, 2010 3:19pm
Long @ 1.5375
Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300
Don't be a hero. Don't have an ego. Always question yourself
  • #216,950
  • Apr 13, 2010 3:21pm Apr 13, 2010 3:21pm
Quoting bbakker
Oh yeah baby and supported by fundies in the UK and bad ones from the US today. I still have my long from 15395 Not the best entry place, I must admit, but actually spending some time doing my charts as I had the day off work today I am convinced we are ready for a move up and so is EU.

I was studying yesterday, today after the family day out, I put into practice what I studied and my charts were the results. A number of other senior experts such as Wormie, malcolm and others think the same.

Mind you, I still have a long way to go! I...
Oh.. malcomb.. I really miss his VSA analysis.. It's been a long time..
  • #216,951
  • Apr 13, 2010 3:22pm Apr 13, 2010 3:22pm
Hello all! Hope you guys have had a great week so far. I took some time off and have been looking at the charts for a little bit now and noticed you talking about Double Bottoms.

Here is a nice one on my 1hr U/J chart.

I'm staying away from cable until it presents a clear cut direction to me.

Best of luck!

Attached Image (click to enlarge)
Click to Enlarge Name: 1hr jpy.jpg Size: 246 KB
  • #216,952
  • Apr 13, 2010 3:23pm Apr 13, 2010 3:23pm
Quoting A-speculator
Oh.. malcomb.. I really miss his VSA analysis.. It's been a long time..
He's still around on these threads! I added the VSA thread to my list. VSA is the way forward imho. Can't wait to get into that, but I need to get the basics right first!
  • #216,953
  • Apr 13, 2010 3:24pm Apr 13, 2010 3:24pm
Quoting Smurf Trader
Hello all! Hope you guys have had a great week so far. I took some time off and have been looking at the charts for a little bit now and noticed you talking about Double Bottoms.

Here is a nice one on my 1hr U/J chart.

I'm staying away from cable until it presents a clear cut direction to me.

Best of luck!

Attachment
It's the W for Wecovery
  • #216,954
  • Apr 13, 2010 3:30pm Apr 13, 2010 3:30pm
Quoting bbakker
He's still around on these threads! I added the VSA thread to my list. VSA is the way forward imho. Can't wait to get into that, but I need to get the basics right first!
VSA is one of the method using the chaos theory. there are others.. I find that chaos theory fits really well for trading methodology.
  • #216,955
  • Apr 13, 2010 3:34pm Apr 13, 2010 3:34pm
Quoting A-speculator
VSA is one of the method using the chaos theory. there are others.. I find that chaos theory fits really well for trading methodology.
I need to learn to walk before I can run
  • #216,956
  • Apr 13, 2010 3:37pm Apr 13, 2010 3:37pm
Quoting USD-Bear
Long @ 1.5375
Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300

long @ 1.5375

Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300

im gonna take your recommondation (if i can call it that) as it lines up with my current consensus. please update as to the moving of stops etc.

thanks
  • #216,957
  • Apr 13, 2010 3:37pm Apr 13, 2010 3:37pm
Look at the PA during the graveyard shift! Something is up... cable and fibre! Something is up cooking!
  • #216,958
  • Apr 13, 2010 3:38pm Apr 13, 2010 3:38pm
Quoting bbakker
I need to learn to walk before I can run
Why don't you just fly? it's much faster, don't you think?
  • #216,959
  • Apr 13, 2010 3:39pm Apr 13, 2010 3:39pm
Quoting A-speculator
Why don't you just fly? it's much faster, don't you think?
  • #216,960
  • Apr 13, 2010 3:39pm Apr 13, 2010 3:39pm
Quoting cableboy
long @ 1.5375

Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300

im gonna take your recommondation (if i can call it that) as it lines up with my current consensus. please update as to the moving of stops etc.

thanks
i might have just cuaght the flight
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