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Cable Update (GBPUSD)

  • #217,641
  • Apr 14, 2010 10:54pm Apr 14, 2010 10:54pm
Quoting A-speculator
yups, at least till now and hope the market will treat well for all of us in the future.. good to see u man, i really miss your VSA analysis.
I want to know more about VSA! Already trawled some of the thread for info. So much to read!
  • #217,642
  • Apr 14, 2010 10:55pm Apr 14, 2010 10:55pm
Quoting hhitch
possibly because 1.5582 ( I have 1.5592 on my chart) is the 78.6% retracement of the high at 1.5813 on feb 2 and the low at 1.4777 on march 1. that would make a nice butterfly pattern completed
http://www.quitcryin.com/images/xabcd-gbp-100414.01.gif
excellent job and chart my friend

this is exactly what i am planning for

you read my mind
  • #217,643
  • Apr 14, 2010 10:57pm Apr 14, 2010 10:57pm
Quoting javapips
bacarefull around 1.5555555 it could drop +/- 60 pips (maybe till US news)


good luck for all...,
revision, maybe not till reach 1.555555555, before that...1.554x
I will be the number one Manager.
  • #217,644
  • Apr 14, 2010 10:57pm Apr 14, 2010 10:57pm
Quoting hhitch
possibly because 1.5582 ( I have 1.5592 on my chart) is the 78.6% retracement of the high at 1.5813 on feb 2 and the low at 1.4777 on march 1. that would make a nice butterfly pattern completed
http://www.quitcryin.com/images/xabcd-gbp-100414.01.gif
That D area looks like morning star in the making..
  • #217,645
  • Apr 14, 2010 10:59pm Apr 14, 2010 10:59pm
awesome... it's great to know we saw the same thing shaping up. Now, about that "bigger picture" you linked... have mercy

Quoting forexlion
excellent job and chart my friend

this is exactly what i am planning for

you read my mind
"The real genius is knowing when to stop." - Marc Faber
  • #217,646
  • Apr 14, 2010 11:00pm Apr 14, 2010 11:00pm
Quoting bbakker
I want to know more about VSA! Already trawled some of the thread for info. So much to read!
I know VSA but not an expert, I'm more into bill williams.. why not ask malcomb, he's the master of volume...
  • #217,647
  • Apr 14, 2010 11:01pm Apr 14, 2010 11:01pm
Quoting javapips
revision, maybe not till reach 1.555555555, before that...1.554x

70.7% is a valid fibonacci level as well... putting it right about where we are now.... I'm hoping it goes up a bit first though
"The real genius is knowing when to stop." - Marc Faber
  • #217,648
  • Apr 14, 2010 11:16pm Apr 14, 2010 11:16pm
Quoting egkid
Fundamental says
Government debt in the United Kingdom he reaches 11.4% (Bad situation Not so far from Greek)

Technically "This How I read my chart
Daily and weekly close above 1.53 and will going to 1.56 - 1.57 But we still in consolidation on daily Either breakout can happen up or down

Smaller TF 4H
Still Suggest More up move since forexlion mention this level 1.5170
Strong Buy From Monthly PVT 1.5130

For me I prefer to wait to see how PA react @ 1.56 and will Review the situation
Morning
we r almost near to my target 56 But we could not go higher than 5530
So i decided to sell from here 1.5510

GL All
  • #217,649
  • Apr 14, 2010 11:16pm Apr 14, 2010 11:16pm
I am having fibre this morning with some honey
  • #217,650
  • Apr 14, 2010 11:17pm Apr 14, 2010 11:17pm
there is another convergent factor on 1.5592 or thereabouts.... if one does a Tom DeMark style price projection based on the WEDGE we've been trading the last few days (that is -- take the base of the triangle and apply it upwards from the breakout area to get the target ) the resulting projection comes out -- you guessed it -- right around 1.5592.

http://www.quitcryin.com/images/wedge-gbp-100415.01.GIF

who knows if it will work out that way or not... but it's interesting to "speculate"
"The real genius is knowing when to stop." - Marc Faber
  • #217,651
  • Apr 14, 2010 11:21pm Apr 14, 2010 11:21pm
Quoting hhitch
70.7% is a valid fibonacci level as well... putting it right about where we are now.... I'm hoping it goes up a bit first though
well, i don't know fibo too much., i just see the chart.., and for long i think still till end of this week, will try reach 1.57 (almost, maybe)
green pips for you...
I will be the number one Manager.
  • #217,652
  • Apr 14, 2010 11:22pm Apr 14, 2010 11:22pm
Quoting A-speculator
I know VSA but not an expert, I'm more into bill williams.. why not ask malcomb, he's the master of volume...
I'd rather read up all the information available before asking questions.
  • #217,653
  • Apr 14, 2010 11:23pm Apr 14, 2010 11:23pm
Quoting hhitch
there is another convergent factor on 1.5592 or thereabouts.... if one does a Tom DeMark style price projection based on the WEDGE we've been trading the last few days (that is -- take the base of the triangle and apply it upwards from the breakout area to get the target ) the resulting projection comes out -- you guessed it -- right around 1.5592.

http://www.quitcryin.com/images/wedge-gbp-100415.01.GIF

who knows if it will work out that way or not... but it's interesting to "speculate"
  • #217,654
  • Apr 14, 2010 11:25pm Apr 14, 2010 11:25pm
Quoting bbakker
I'd rather read up all the information available before asking questions.
  • #217,655
  • Apr 14, 2010 11:26pm Apr 14, 2010 11:26pm
Quoting bbakker
I am having fibre this morning with some honey
I'm looking to short as it is at top of 4h channel... but might break?

On cable I'm now long as we have broken 5480 and got in 5505 with s/l 5475 and t/p between 5550 and 5600
@pawpaw1000 on Twitter
  • #217,656
  • Edited 11:31pm Apr 14, 2010 11:27pm | Edited 11:31pm
Quoting javapips
well, i don't know fibo too much., i just see the chart.., and for long i think still till end of this week, will try reach 1.57 (almost, maybe)
green pips for you...
totally, I agree and hope so too!! 1.57 could still be considered within 78.6% retracement range within the suggested butterfly pattern, to my way of seeing things. just a bit of an overshoot. much further beyond that, though, and the pattern is invalidated. and it may well be!

green pips to you as well!

edit: actually 1.57 would definitely invalidate the butterfly pattern. but who cares as long as we're making green pips
"The real genius is knowing when to stop." - Marc Faber
  • #217,657
  • Apr 14, 2010 11:28pm Apr 14, 2010 11:28pm
I have traded years and can't find a profitable indicator yet. Can some one slide an indicator so I can get on with life!

Wasted years
  • #217,658
  • Apr 14, 2010 11:29pm Apr 14, 2010 11:29pm
Quoting pawpaw1000
I'm looking to short as it is at top of 4h channel... but might break?

On cable I'm now long as we have broken 5480 and got in 5505 with s/l 5475 and t/p between 5550 and 5600
Fibre down this morning, cable up! That does not add up, but then again this cross does not have to run in tandem necessarily!
  • #217,659
  • Apr 14, 2010 11:32pm Apr 14, 2010 11:32pm
I am shorting at 1.5516 with tight stop because of heavy div. on the 1 and 4 hr T/F. Will be targeting somewhere around 1.5420 - 1.5440 area.

Jim


Quoting wormboy
Just trying to point out.
EuroUsd just made a great example of what I was trying to say last Saturday.
That the "gap must close" mentality is dangerous. EuroUsd "gap" is still there.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
  • #217,660
  • Edited 11:38pm Apr 14, 2010 11:32pm | Edited 11:38pm
Quoting malcolmb14
everything is a must in forex.

I must trade everyday as i am addicted
I must place stops
I must get stopped out then trade works in my direction
1 must give up trading fx ..

lol
I am not great on Forums. See PM. Suggest get addicted to Making money !
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