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Cable Update (GBPUSD)

  • #218,061
  • Apr 15, 2010 7:15am Apr 15, 2010 7:15am
Sounds like the clash of the Elliott-Wavists vs the Trendline-Bouncers.

Who will win???
******************* I'd rather make money than be right.
  • #218,062
  • Apr 15, 2010 7:16am Apr 15, 2010 7:16am
Quoting pawpaw1000
I reckon elliott waves are an important part of my toolbox and I need to learn to be able to interpret them... I am learning more every day about s/r so why not do elliott waves at the same time?

Practise practise practise mate...
Get the basics right first until they come to you naturally, then move on.
  • #218,063
  • Apr 15, 2010 7:17am Apr 15, 2010 7:17am
next stop 5510? and then i short!
  • #218,064
  • Apr 15, 2010 7:18am Apr 15, 2010 7:18am
Quoting bbakker
Get the basics right first until they come to you naturally, then move on.
so reckon I shouldnt do it at the same time?
@pawpaw1000 on Twitter
  • #218,065
  • Apr 15, 2010 7:18am Apr 15, 2010 7:18am
Quoting pawpaw1000
I reckon elliott waves are an important part of my toolbox and I need to learn to be able to interpret them... I am learning more every day about s/r so why not do elliott waves at the same time?

Practise practise practise mate...
You are in danger of information overload!
  • #218,066
  • Apr 15, 2010 7:19am Apr 15, 2010 7:19am
Quoting pawpaw1000
I reckon elliott waves are an important part of my toolbox and I need to learn to be able to interpret them... I am learning more every day about s/r so why not do elliott waves at the same time?

Practise practise practise mate...
Pawpaw,

Excellent idea.. It is always wise to have methods that work well together. As for me, I focus on PA techniques. I look to the fibs, candlestick patterns and MA's, S/R, pivots etc..

By the way, I am still bullish myself.

C.
  • #218,067
  • Apr 15, 2010 7:21am Apr 15, 2010 7:21am
Quoting bbakker
You are in danger of information overload!
well, I do have conflicting info now, elliot say short and s/r say long...

will make decision at 5480...
@pawpaw1000 on Twitter
  • #218,068
  • Apr 15, 2010 7:23am Apr 15, 2010 7:23am
Quoting Atlast
I am short GU 1.5465
1.5475
My eyes on 1.5490 can close above it! well let's See
  • #218,069
  • Apr 15, 2010 7:23am Apr 15, 2010 7:23am
All those yelling out shorts without confirmation or analysis please let us know why you are taking them.

Good luck with those shorts guys, especially getting thru 1.5380 and especially since we are back up on top of the 4 hr UTL. I am playing the long here all the way to 5510 and maybe more.
  • #218,070
  • Apr 15, 2010 7:23am Apr 15, 2010 7:23am
Now that's more like it..
  • #218,071
  • Apr 15, 2010 7:23am Apr 15, 2010 7:23am
Quoting pawpaw1000
heres to hoping!!! if we go up, does that mean my 1hr assumption that we were going to have wave 3 of elliot was wrong? I did count 4 on m5 and looking for the 5th?

does elliot just work like that sometimes that it just stops in the middel? surely cant use something like that???
Got waylaid but here is my reply.

You need to be careful that you don't try to apply a wave pattern to every set up you see. Sometime there is no clear pattern in that time frame. Normally the wave 1 will be quite a bit shorter than wave 3 and there will be a 3 wave correction at wave 2 (called an ABC correction). The best book if you want to study it is Elliott Wave Principle by Frost and Prechter
  • #218,072
  • Apr 15, 2010 7:24am Apr 15, 2010 7:24am
Quoting pawpaw1000
well, I do have conflicting info now, elliot say short and s/r say long...

will make decision at 5480...
You need to take a break bro

Inserted Video


Enjoy!
  • #218,073
  • Apr 15, 2010 7:26am Apr 15, 2010 7:26am
Quoting Indyfx
Got waylaid but here is my reply.

You to be careful that you don't try to apply a wave pattern to every set up you see. Sometime there is no clear pattern in that time frame. Normally the wave 1 will be quite a bit shorter than wave 3 and there will be a 3 wave correction at wave 2 (called an ABC correction). The best book if you want to study it is Elliott Wave Principle by Frost and Prechter
thanx soo much, will definately have a look!!!
@pawpaw1000 on Twitter
  • #218,074
  • Apr 15, 2010 7:26am Apr 15, 2010 7:26am
In long @5470 -> TP 5525 and SL 5370
  • #218,075
  • Apr 15, 2010 7:27am Apr 15, 2010 7:27am
Quoting free4440273
next stop 5510? and then i short!
careful guys -- 5500+ still in play i think...then i short :nerd:
  • #218,076
  • Apr 15, 2010 7:27am Apr 15, 2010 7:27am
Quoting bbakker
I never seen so much rubbish spouted on this thread and I am bored of reading it.

I will see you all another day.
lol ... even the m1 is not as "noisy" yea?
but .. this problem is an easy fix bro. Just say "CLICK" & voila ...
see how quiet mine looks?

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Thank You
  • #218,077
  • Apr 15, 2010 7:27am Apr 15, 2010 7:27am
Quoting Nene
All those yelling out shorts without confirmation or analysis please let us know why you are taking them.

Good luck with those shorts guys, especially getting thru 1.5380 and especially since we are back up on top of the 4 hr UTL. I am playing the long here all the way to 5510 and maybe more.
well, they could say, you have 5480 in your way no???
@pawpaw1000 on Twitter
  • #218,078
  • Apr 15, 2010 7:28am Apr 15, 2010 7:28am
Quoting Indyfx
Got waylaid but here is my reply.

You need to be careful that you don't try to apply a wave pattern to every set up you see. Sometime there is no clear pattern in that time frame. Normally the wave 1 will be quite a bit shorter than wave 3 and there will be a 3 wave correction at wave 2 (called an ABC correction). The best book if you want to study it is Elliott Wave Principle by Frost and Prechter
Elliot wave is not an easy subject to cover... it is subjective. There's saying, if you send 50 people to draw elliot wave, you will get 50 different results..
  • #218,079
  • Apr 15, 2010 7:30am Apr 15, 2010 7:30am
Quoting lexazver
This is kind of a rythorical question but it does have an answer somewhere im just wondering WHY pound is so resilient, and not just against 1 corrency but against EURO, against DOLLAR agains YEN and to some extent SWISSY, im just trying to understand where does demand (last few weeks) come from (unless they pump it now just to trash later).....
the reason is, the GBP/USD is the only pair that is based entirely on SENTIMENT. it is not pegged to any commodity, equity, or other currency, it runs entirely on what people think about it at the time.
"The real genius is knowing when to stop." - Marc Faber
  • #218,080
  • Apr 15, 2010 7:31am Apr 15, 2010 7:31am
Quoting wormboy
lol ... even the m1 is not as "noisy" yea?
but .. this problem is an easy fix bro. Just say "CLICK" & voila ...
see how quiet mine looks?

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Is that why you haven't said anything to me in a while Azim... lol.. J/K. I know I have been scarce lately. On the bright side today is the last day of tax season so I should be back in full force next week. YEEEEEEHHHHH.

C.
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