if gu get up to 1.6587 again it will go to 1.6700 area by monday
Cable Update (GBPUSD)
- #277,201
- Apr 21, 2011 12:34pm Apr 21, 2011 12:34pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #277,203
- Apr 21, 2011 12:42pm Apr 21, 2011 12:42pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Hi there,
Just wondered what time frame you were thinking this may happen in? next week or maybe a drop today looking at the possible close of the 4 hr?
thanks
wellI have no idea as I cannot predict the lenght of the candles
with so little PA now and tmr as easter bank holiday will be in place maybe next week.but don't take it as granted this pullback as this is only my opinion.I might be wrong as I was wrong 2 days ago about the EU pullback.
I mean on a larger TF if you have small lots and plenty of time it's worth to wait for the outcome(I still have the shorts on EU and GU as well) but if you play big with tight SL then you have to look at the PA really close.
my view based on what I see now is in the chart.other members use other indies or know more things
for example if price brakes 1.6559 in the next 2 hours we will go back to 1.6580 level
anyway a first TP on ther shorts is 1.649 level
if we brake that one we go lower
Next week we might have a bear week.and the following one the boom back up .
- #277,204
- Apr 21, 2011 12:49pm Apr 21, 2011 12:49pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
if gu get up to 1.6587 again it will go to 1.6700 area by monday
price will just go up and down until we will cross all the TFS ichi lines
5 and 15 min done
30 min to come
price will go a bit down and then up again.we might even see the 1.658X area and then down again.
but the thing I see on M15 if we brake 1.6515-1.6495 area we are down to 1.6410 level
then maybe with a bit of luck we might see the 1.638-5 area or even 1.633X as I dream of
- #277,205
- Apr 21, 2011 12:50pm Apr 21, 2011 12:50pm
hi there.
wellI have no idea as I cannot predict the lenght of the candles
but don't take it as granted this pullback as this is only my opinion.I might be wrong as I was wrong 2 days ago about the EU pullback.
I mean on a larger TF if you have small lots and plenty of time it's worth to wait for the outcome(I still have the shorts on EU and GU as well) but if you play big with tight SL then you have to look at the PA really close.
my view based on...
Thanks for such a detailed response
I think I will sit and watch for a while, not very experienced and still learning! managed to make good profit all week however struggled to hold on to it and it has gone extremely quiet!thanks again for your help
- #277,207
- Apr 21, 2011 12:56pm Apr 21, 2011 12:56pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Trade what you see guys, not what you expect.
Is there anything on your charts to suggest that we might be retracingafter the last couple of days massive 400pip run?
For what it is worth, today we broke through an upper trend line I had on my daily from the hi on 3rd February which also was touched on 2nd March, 7th March, 22nd March and 8th April. I would usually expect a restest of this trend line at some stage which comes in around 1.6455x.
I'm not a fundy but there are rumours in the news of some dollar strength building...the DIXY is...
on my H4 chart there are the indicators pointing it out and circled there.but as they are simple indicators we can never rely on them 100 %
i will stick to the 2 hours rule and if we don't brake the 1.655X level by then then more drop to come.
- #277,210
- Apr 21, 2011 2:05pm Apr 21, 2011 2:05pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #277,211
- Apr 21, 2011 2:19pm Apr 21, 2011 2:19pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
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- #277,212
- Apr 21, 2011 2:53pm Apr 21, 2011 2:53pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
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- #277,213
- Apr 21, 2011 3:05pm Apr 21, 2011 3:05pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
by the passing hours I am more convinced there will be a retrace
price will just go up and down until we will cross all the TFS ichi lines
5 and 15 min done
30 min to come
price will go a bit down and then up again.we might even see the 1.658X area and then down again.
but the thing I see on M15 if we brake 1.6515-1.6495 area we are down to 1.6410 level
then maybe with a bit of luck we might see the 1.638-5 area or even 1.633X as I dream of
we might see 1.6380
I'll let you know about the crosses.
ok,pure fiction now or my analise more or less while watching the cristal ball.
2011 will be see a big big big crysis.
GU will go to 1.67 and then plounge into the abyss and GJ as well.
Gj will not see the 1.40 level as I said....mabe we will see 138 but I see more clear now through the mist of future a plounge to 127.50 and less.I see a fall of 1000 pips from 136-138 level.
actually I would bet on a 910 pips from 131.30 level down and then in a 3-4 years time we will go 10000 pips up.
I can see such a down move in 13 days from now on.damn...this is 2 weeks from now on meaning same time with the GU topping out at 1.67.
13 days from now on means more or less 5th of may on the 10th day,BOE raising the rates then the economy destroyed and the big guys will sell all they have and the pound will go down for the next month.
this scenario would fit better my GU one with 1.67 first top then 600 pips as first TP down and second one at 1200 pips from 1.67
call me crazy but this is what I see.
I wonder if it will play out as this
- #277,220
- Apr 22, 2011 12:27am Apr 22, 2011 12:27am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
good morning/evening all.
im with "trade what you see" but, with a very good idea on where price can go.
looking at 02.04.2010 history price went down after big up.
on openings after easter, went more bit down to consolidate.
then trend resume.
now,
i drawn recent levels on main chart, added to previous posts:
- red line big line as resistance daily eated yesterday (my entry in long
), was the upper line of daily "megaphone" pattern.
- the 6425 line very important level 38% fibo main down weekly chart and a lot of other things. shuld be strong level.
- the 6380 line i dont remember why (its early morning here..) but it is there for a good reason!
- also the h1(white dotted) n h4 (green) trendlines will give some sup/res.
- on the upside 6585 - 6600 - 6620 -6630 yesterday a lot of people found as good resistances.
am i forgettin something?
tks
im with "trade what you see" but, with a very good idea on where price can go.
looking at 02.04.2010 history price went down after big up.
on openings after easter, went more bit down to consolidate.
then trend resume.
now,
i drawn recent levels on main chart, added to previous posts:
- red line big line as resistance daily eated yesterday (my entry in long
), was the upper line of daily "megaphone" pattern.- the 6425 line very important level 38% fibo main down weekly chart and a lot of other things. shuld be strong level.
- the 6380 line i dont remember why (its early morning here..) but it is there for a good reason!
- also the h1(white dotted) n h4 (green) trendlines will give some sup/res.
- on the upside 6585 - 6600 - 6620 -6630 yesterday a lot of people found as good resistances.
am i forgettin something?
tks
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