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Cable Update (GBPUSD)

  • #254,061
  • Sep 17, 2010 9:30am Sep 17, 2010 9:30am
Quoting Delite
Hey, UKsnowman - some light reading for the weekend?!

Seriously, thank you - you can never know too much!
lol, I've got a more detailed one if you want
let's call it a cure for insomnia..
  • #254,062
  • Sep 17, 2010 9:31am Sep 17, 2010 9:31am
Quoting egkid
I LV Forex
u know it's fun to me, It's like going to swimming olympic competition and every day u improving your technique and take it in less time

Knowledge has no end
That's my biggest benefit in this business: An opportunity to know what's going on in the world and learn to do a business at home with my wife beside me.
Not bad
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #254,063
  • Sep 17, 2010 9:32am Sep 17, 2010 9:32am
Quoting uksnowman
lol, I've got a more detailed one if you want
let's call it a cure for insomnia..

Oh crikey - not sure my tiny girl brain could cope with that!
  • #254,064
  • Sep 17, 2010 9:37am Sep 17, 2010 9:37am
Now I told y'all yesterday to sell them thar highs, cause the DOW had no busness bein' up thar at nigh on 10700.
Hope y'all got some.
  • #254,065
  • Sep 17, 2010 9:38am Sep 17, 2010 9:38am
Quoting trending
The C leg barely made it but its at .382.
Those fibs 78.6 & 21.4 you have, although adding up to 100, seem wrong. Do you mean 76.4 & 23.6?
  • #254,066
  • Sep 17, 2010 9:39am Sep 17, 2010 9:39am
Quoting Lucky Duke
Can you tell me who is good to study here that you learned from? I was reading wormboy's thread. He is great! Who else do you think I should read?

Thankyou!!!
Read all the posts and see what approach they are using to analyze and learn from it .Back test whichever method you like and if successful stick to it .
  • #254,067
  • Sep 17, 2010 9:44am Sep 17, 2010 9:44am
So, the current area we are in 5635-ish is a support area from yesterdays resistance.
  • #254,068
  • Sep 17, 2010 9:48am Sep 17, 2010 9:48am
Quoting nAVIN2007
yes sure..61.8 is a fib ratio (magic ratio) for whatever reason that fib extension is regarded as one to note..price forms the low..then to high u draw the fib..wait for it to retrace to 61.8..

if there is support or resistance (confluence) u can almost be sure that something will happen hence the term momentum fib

i have posted a chart and in this case its the 50% fib which is cables characteristic to react at this 50 fib (see chart).
A lot of the time u will see this setup playout..

Trying to get my head around this:

Are you in fact stating that cable generally likes to bounce (react) at the 50 fib, and likes to generally consolidate & sail through the 61.8?
  • #254,069
  • Sep 17, 2010 9:56am Sep 17, 2010 9:56am
Quoting Delite
So, the current area we are in 5635-ish is a support area from yesterdays resistance.
It is also bouncing off the NY close from yesterday at 5622 which is only 2 pips more than the NY close on Wednesday. So you effectively have a close on 2 days at almost the same level
  • #254,070
  • Sep 17, 2010 9:57am Sep 17, 2010 9:57am
Quoting honeybhi
Read all the posts and see what approach they are using to analyze and learn from it .Back test whichever method you like and if successful stick to it .

Thanks honeybhi.
  • #254,071
  • Sep 17, 2010 10:04am Sep 17, 2010 10:04am
Quoting Indyfx
It is also bouncing off the NY close from yesterday at 5622 which is only 2 pips more than the NY close on Wednesday. So you effectively have a close on 2 days at almost the same level
Yup, lots to get through.
  • #254,072
  • Sep 17, 2010 10:15am Sep 17, 2010 10:15am
Quoting bimmerbob
Those fibs 78.6 & 21.4 you have, although adding up to 100, seem wrong. Do you mean 76.4 & 23.6?
Do a search on harmonics, there are wealth of information out there.
  • #254,073
  • Sep 17, 2010 10:28am Sep 17, 2010 10:28am
Quoting trending
Do a search on harmonics, there are wealth of information out there.
Sorry, was not referring to your pattern, merely the fib cage that you dropped......
  • #254,074
  • Sep 17, 2010 10:30am Sep 17, 2010 10:30am
Quoting Delite
15624 - right back to where she started. Incredible.
Roll over price.

Helps you see where your support and resistance can form.

The 4 majors, EUR seems to be playing the bear, while GBP has formed interm support.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,075
  • Sep 17, 2010 10:33am Sep 17, 2010 10:33am
better bring those paintings to the art shop for the weekend ...magix

life is simple... why must be complicated ............

Quoting Magix
Roll over price.

Helps you see where your support and resistance can form.

The 4 majors, EUR seems to be playing the bear, while GBP has formed interm support.
not euphoria follower
  • #254,076
  • Sep 17, 2010 10:37am Sep 17, 2010 10:37am
Quoting iqyu5an
better bring those paintings to the art shop for the weekend ...magix

life is simple... why must be complicated ............
Pay attention icky....

You might just learn something yet my friend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,077
  • Sep 17, 2010 10:42am Sep 17, 2010 10:42am
yeah mejerk......

learn alot not to see your disgusting paintings.......


Quoting Magix
Pay attention icky....

You might just learn something yet my friend.
not euphoria follower
  • #254,078
  • Sep 17, 2010 10:42am Sep 17, 2010 10:42am
Quoting Magix
Pay attention icky....

You might just learn something yet my friend.
please magix remove those colours from your chart thanks
  • #254,079
  • Sep 17, 2010 10:44am Sep 17, 2010 10:44am


Quoting dil
please magix remove those colours from your chart thanks
not euphoria follower
  • #254,080
  • Sep 17, 2010 10:51am Sep 17, 2010 10:51am
Quoting iqyu5an
yeah mejerk......

learn alot not to see your disgusting paintings.......
Awwwwwwwwww,

Is somebody having a bad day here icky?

Maybe you just need a nice warm bowl of soup....

You just take it easy and enjoy your little day.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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