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Cable Update (GBPUSD)

  • #218,081
  • Apr 15, 2010 9:32am Apr 15, 2010 9:32am
pump it up bulls!
  • #218,082
  • Apr 15, 2010 9:32am Apr 15, 2010 9:32am
Quoting Jefftrader
Kenn,


If you search my name you will find my 4hr/daily EW's and why I believe we are currently headed downward...

on smaller TF'sCurrently what I see is
Wav1 1.5522 to 1.5383
Wav2 38-80% of wav1 1.5436 to 1.5494
Wav3 1.618 of wav1 1.5299

We could still go higher in wav2 during this session and hopefully we will to short from higher. Hopefully pic helps
Wave 2 can't go i tick higher than wav1 or it invalidates the count.

Wav2 is typically 62-80% of wav1 so look for reversals there. (see chart)

Obviously the best entry short...
So if Now, it is forming Wave C of Wave 2, it must be a 5 waves...
Because Corrective waves must end with a wave 5...

http://i43.tinypic.com/25jum9i.jpg

http://i43.tinypic.com/351brdi.jpg

So right now, Wave 3 of Wave C is completed, forming Wave 4.... So after this, we can sell?????

Is that correct???

Hahahha.. I also cannot understand what am I writing....
Smile Chankl78
  • #218,083
  • Apr 15, 2010 9:32am Apr 15, 2010 9:32am
Quoting A-speculator
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..
Thats exactly why I dont like to use it
Nil Desperandum Illegitimi Carborundum
  • #218,084
  • Apr 15, 2010 9:33am Apr 15, 2010 9:33am
Just trying to understand it all. But there are people trading cable that really shouldn't be. I heard a few people say the other day that they were working with 20 pip stops....LOL Thats just crazy gambling if you ask me.

Jim

Quoting pawpaw1000
well, they could say, you have 5480 in your way no???
  • #218,085
  • Apr 15, 2010 9:34am Apr 15, 2010 9:34am
Quoting A-speculator
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..
There are plenty of videos on youtube about them:
Inserted Video


I've left them alone myself at the moment, got to get the basics sorted first as baaabaaa (if I may be so bold) has already stated. They also remind me of a mandelbrot set with the fractals, etc, head mashing stuff, I'll try to get my straight lines right first!!!
Back to basics, it has to be for me!
  • #218,086
  • Apr 15, 2010 9:34am Apr 15, 2010 9:34am
Quoting pawpaw1000
well, they could say, you have 5480 in your way no???
No. 5480 old point, only minor one now
  • #218,087
  • Apr 15, 2010 9:34am Apr 15, 2010 9:34am
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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V
You are not wrong there my friend! Now you are definitely bringing some sanity back to me. What would I do without you Time to do some clicking.
  • #218,088
  • Apr 15, 2010 9:34am Apr 15, 2010 9:34am
Sorry, I closed my earlier short at even level b4 I leave computor for something else.
Face both Win and Lose bravely
  • #218,089
  • Apr 15, 2010 9:35am Apr 15, 2010 9:35am
Quoting Ctic
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.
lol no bro. I can see you
still holding long are we?
Thank You
  • #218,090
  • Apr 15, 2010 9:35am Apr 15, 2010 9:35am
Quoting BadTradingFi
There are plenty of videos on youtube about them:
http://www.youtube.com/watch?v=jM3_5qp-dXk

I've left them alone myself at the moment, got to get the basics sorted first as baaabaaa (if I may be so bold) has already stated. They also remind me of a mandelbrot set with the fractals, etc, head mashing stuff, I'll try to get my straight lines right first!!!
Baaaaaaaaaaaa baaaaaaaaaaaaaaaaaaa!
  • #218,091
  • Apr 15, 2010 9:35am Apr 15, 2010 9:35am
I'm just impressed how GBP is bid .... looks like big boys are confident about the UK economy...i can't wait for the next shit to come up there
COT: The precious data ignored
  • #218,092
  • Apr 15, 2010 9:35am Apr 15, 2010 9:35am
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?

|
|
|
|
V
Yeah That was smart and Nice to show That Photo
No Strange Behavior from U
  • #218,093
  • Apr 15, 2010 9:36am Apr 15, 2010 9:36am
Quoting rasc00
Thats exactly why I dont like to use it
well, you can try fibo retracement & extension. It's the solution for E.W..
  • #218,094
  • Apr 15, 2010 9:37am Apr 15, 2010 9:37am
Quoting Nene
Just trying to understand it all. But there are people trading cable that really shouldn't be. I heard a few people say the other day that they were working with 20 pip stops....LOL Thats just crazy gambling if you ask me.

Jim
20 pippies!
  • #218,095
  • Apr 15, 2010 9:37am Apr 15, 2010 9:37am
We seem to back to to yeserdays High !!! Could today be another green close with a Higher High and a Higher Low? What do you all thinks?
Am in long from 5454 SL @ BE.
  • #218,096
  • Apr 15, 2010 9:37am Apr 15, 2010 9:37am
short 5495
  • #218,097
  • Apr 15, 2010 9:38am Apr 15, 2010 9:38am
This is my chart, if current candle manage to closed above the previous one or at least engulf the candle, I think bull > bear..
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 29 KB
  • #218,098
  • Apr 15, 2010 9:39am Apr 15, 2010 9:39am
Quoting A-speculator
well, you can try fibo retracement & extension. It's the solution for E.W..
Nil Desperandum Illegitimi Carborundum
  • #218,099
  • Apr 15, 2010 9:40am Apr 15, 2010 9:40am
this has been a crazy day, too bad I caught just 45 pips

LONDON CLOSE IN 20MIN
@pawpaw1000 on Twitter
  • #218,100
  • Apr 15, 2010 9:43am Apr 15, 2010 9:43am
Quoting wormboy
lol
hey look .. 5500. oh we are definitely tanking now. 5300 here we come, 5200 here we come, 5100 here we come, 5000 here we come
Fools.
to be fair, 140 pip drop in 4 hours does bring out the bear in a man... Especially seeing as we had finally closed above 5500 and we were looking north...
@pawpaw1000 on Twitter
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