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Cable Update (GBPUSD)

  • #302,041
  • Mar 1, 2012 3:55am Mar 1, 2012 3:55am
revenge of the 50% fibs

a. 50% 6746-5234 @ yesterday's hi -5991
b. 50% 5792-5991 at today's current lo - 5895
c. 50% of 5991-5895 at today's current hi
d. 50% today's current lo-today's current hi being tested here in pullback from today's current hi

and 50% isn't really a fib

G/L
ex member
  • #302,042
  • Mar 1, 2012 3:58am Mar 1, 2012 3:58am
Thanks for the charts Terpfan. Oh, and welcome back...
Gone to a better place
  • #302,043
  • Mar 1, 2012 4:03am Mar 1, 2012 4:03am
I see that BBMAC,

'Just dropped that latest one in, you listed on move up.
nice "skinny" -or nice 'Gouge', as we'd say for the test/
for this game.

'Love when you see "Why did it do this, Why did it do that",
all over the place... Fib's are being hit; or price move's against
trend & they are actually "Entries" -(Like right this second);
or sma's are "quickly" tagged.
-Ah, the 'Hilarity of it all!
Ha! -my High is getting Tagged,
If not 'Broke...
Ha!
Thx Bbmac,

-Jeff Out!
I will work to Objectively Identify my Edges
  • #302,044
  • Mar 1, 2012 4:07am Mar 1, 2012 4:07am
TP close manually...
Attached Image (click to enlarge)
Click to Enlarge Name: guby.jpg Size: 132 KB
  • #302,045
  • Mar 1, 2012 4:08am Mar 1, 2012 4:08am
Quoting Zircon
Say what do u think ur more experienced than others
By comparing his posts with yours and many others, it really is a non-brainer!
  • #302,046
  • Mar 1, 2012 4:09am Mar 1, 2012 4:09am
Quoting smikester
Thanks for the charts Terpfan. Oh, and welcome back...
Thanks "Smikester"...
I was once even "Friends" & "Rubbed Shoulder's" posting
"Gibberish", w/my bud Navin in here! Now he is "El-Senior"...!

Navin, -Where are you, "Good-Buddy"?...!
Thanks Smikester-

'Don't know where it's really going today-
just about to hit the 'Top-Rack' for a quick 'Nap',
w/o kicking the 'Mrs. Shin's w/Toe nails.
Best of Pipping,
I'll see if 'can stay up,

Jeff
I will work to Objectively Identify my Edges
  • #302,047
  • Mar 1, 2012 4:15am Mar 1, 2012 4:15am
nice to see you back here.

Quoting TerpFan2
I see that BBMAC,

'Just dropped that latest one in, you listed on move up.
nice "skinny" -or nice 'Gouge', as we'd say for the test/
for this game.

'Love when you see "Why did it do this, Why did it do that",
all over the place... Fib's are being hit; or price move's against
trend & they are actually "Entries" -(Like right this second);
or sma's are "quickly" tagged.
-Ah, the 'Hilarity of it all!
Ha! -my High is getting Tagged,
If not 'Broke...
Ha!
Thx Bbmac,

-Jeff Out!
ex member
  • #302,048
  • Mar 1, 2012 4:17am Mar 1, 2012 4:17am
the technical phenomenon of sbr/rbs (support becomes resistance / resistance becomes support) is clearly demonstrated on 1hr in the move up from 5637 to 5991.

It remains a very important aspect of technical trading and as part of that - determining potential support/resistance.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr rbs egs.jpg Size: 98 KB
ex member
  • #302,049
  • Mar 1, 2012 4:24am Mar 1, 2012 4:24am
Quoting Cosmin Ruse
[font=Calibri]Tuesday on a number of occasions the buying momentum came to an abrupt halt right at 1.59 which is not only psychologically important but also marks the 200-day moving average. However, the British pound managed to close above 1.59 Tuesday night and has rallied strongly yesterday morning, helped in part by a slightly bigger-than-expected take-up of the ECB’s second LTRO. If the pound manages to hold and consolidate above 1.59, then further upside looks likely. The Fibonacci retracements and extensions of the two price swings above...

Very nice clarification,

thanks for this chart
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,050
  • Mar 1, 2012 4:26am Mar 1, 2012 4:26am
Quoting bbmac
the technical phenomenon of sbr/rbs (support becomes resistance / resistance becomes support) is clearly demonstrated on 1hr in the move up from 5637 to 5991.

It remains a very important aspect of technical trading and as part of that - determining potential support/resistance.

G/L
Smart points .


thanks
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,051
  • Mar 1, 2012 4:52am Mar 1, 2012 4:52am
Quoting bbmac
the technical phenomenon of sbr/rbs (support becomes resistance / resistance becomes support) is clearly demonstrated on 1hr in the move up from 5637 to 5991.

It remains a very important aspect of technical trading and as part of that - determining potential support/resistance.

G/L

i never knew it to be any different..
  • #302,052
  • Mar 1, 2012 4:54am Mar 1, 2012 4:54am
Quoting TerpFan2
Thanks "Smikester"...
I was once even "Friends" & "Rubbed Shoulder's" posting
"Gibberish", w/my bud Navin in here! Now he is "El-Senior"...!

Navin, -Where are you, "Good-Buddy"?...!
Thanks Smikester-

'Don't know where it's really going today-
just about to hit the 'Top-Rack' for a quick 'Nap',
w/o kicking the 'Mrs. Shin's w/Toe nails.
Best of Pipping,
I'll see if 'can stay up,

Jeff
yo jeff..u go bro..where u at where u hiding
hope yur ass is long..
  • #302,053
  • Mar 1, 2012 4:55am Mar 1, 2012 4:55am
Quoting bbmac
the technical phenomenon of sbr/rbs (support becomes resistance / resistance becomes support) is clearly demonstrated on 1hr in the move up from 5637 to 5991.

It remains a very important aspect of technical trading and as part of that - determining potential support/resistance.

G/L
Thank's BBmac...
Good "Skinny" here, -more i can "Remember, Bone-up & Learn"...

Here's some of my stuff,
I've been learning...
-The more you put it all together, -the more it make's sense.

*Sorry 'took so long to reply here, i was "Scribbling"...
'was hoping to catch another-
If not my "First" Elliot Wave Set on a DAY-Chart "NORTH",
For the ride... -(Un-sure this is gonna happen).
This chart looks like tiny tooth-pick's, but it serve's the
purpose of the wave's... (whether i'm exact to a "T" on placement,
-or not).
Best of Pipping "all",
Thanks Bbmac,

Jeff "Out"...
Attached Image (click to enlarge)
Click to Enlarge Name: 3_1_2012 GBP_USD Elliot Wave Theory Wave 5 Taken Out w A B C Correction.jpg Size: 198 KB
I will work to Objectively Identify my Edges
  • #302,054
  • Mar 1, 2012 4:56am Mar 1, 2012 4:56am
Quoting abdul_halim
TP close manually...
TP close manually...
Almost similarly
Attached Image (click to enlarge)
Click to Enlarge Name: pound1.gif Size: 45 KB
  • #302,055
  • Mar 1, 2012 5:00am Mar 1, 2012 5:00am
Quoting Cosmin Ruse
[font=Calibri]Tuesday on a number of occasions the buying momentum came to an abrupt halt right at 1.59 which is not only psychologically important but also marks the 200-day moving average. However, the British pound managed to close above 1.59 Tuesday night and has rallied strongly yesterday morning, helped in part by a slightly bigger-than-expected take-up of the ECB’s second LTRO. If the pound manages to hold and consolidate above 1.59, then further upside looks likely. The Fibonacci retracements and extensions of the two price swings above...
Very pleased to see such a submission to this thread.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #302,056
  • Mar 1, 2012 5:03am Mar 1, 2012 5:03am
Yo NAV,

Caught me before my "4x-Nap"...!
Great to See you buddy...

'Been taking the yr. -(last yr.) taking profit$,
-(Though Tiny), And to 'bone-up' as 'said & add some
more to the 'Arsenal' along w/watching some
'Douglas' stuff... And now more "Elliot Wave Theory".
Robert C. Miner... -(Tip to all)!

It really all come's together (or @least begin's to!)...!

Doing good, doing good -how 'bout you?
How's the 'New/Old house going?
You married now bud?
Well, wishing you the best,
'See you in / out 'here,
'Will Chat more, Best of All Nav,

Jeff
I will work to Objectively Identify my Edges
  • #302,057
  • Mar 1, 2012 5:15am Mar 1, 2012 5:15am
Double fibo in bearishness area.
Attached Image (click to enlarge)
Click to Enlarge Name: cable7.gif Size: 22 KB
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,058
  • Mar 1, 2012 5:20am Mar 1, 2012 5:20am
Quoting Zircon
Double fibo in bearishness area.
In sorry but which part of this chart says bear??? Open your eyes!
  • #302,059
  • Mar 1, 2012 5:26am Mar 1, 2012 5:26am
Quoting bbakker
In sorry but which part of this chart says bear??? Open your eyes!
see the last candle opened near to 50 fibo ,as you know the turning point is often in this level( North or south).
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,060
  • Mar 1, 2012 5:32am Mar 1, 2012 5:32am
I see a huge divergence building up on the daily, one more attack to take out the highs and move over 1.6...than a drop back to 1.58 or lower
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