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Cable Update (GBPUSD)

  • #309,161
  • Apr 20, 2012 3:41am Apr 20, 2012 3:41am
Quoting bguguen
Im fine with GBPUSD going to 1.67....
but i need GBPNZD to revisit 1.96....

when i get back from work i will post detail analysis of gbpnzb
hopefully it will be some help to u..trade safe
  • #309,162
  • Apr 20, 2012 3:43am Apr 20, 2012 3:43am
Quoting nAVIN2007
when i get back from work i will post detail analysis of gbpnzb
hopefully it will be some help to u..trade safe
Thanks... because GBPNZD is such a bitch....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,163
  • Apr 20, 2012 3:50am Apr 20, 2012 3:50am
Quoting bguguen
Thanks... because GBPNZD is such a bitch....
i try giving my view on GBPNZD but take it lightly as it's been a while i trade synthetic pairs..

as you can see, the retracement stops right about the 50 fibo and right now the price has brakes the 100%, i think in daily perspective, the price is moving towards its 161 fibo which is at about 2.0 area..

the movement to 161 usually counts as wave 3 in elliot wave..
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  • #309,164
  • Apr 20, 2012 3:50am Apr 20, 2012 3:50am
Quoting nAVIN2007
i didnt want to say anything but u need to be careful im serious..pound move is just starting..im already eyeing up 1.67 as a target i think even 1.65 might be tough to stop it..the index is building so well

USD is right up at resistance and cable is this high up..so if that falls (usd) or gives way..cable can rise quite high ..1.67-1.7
and still hold a bearish stance at these levels
1.73 above is complete bull

remember one thing..and i will only say this once fundamentals is what trading is all about..but technicals are a leading indicator...
1.67...? In what period you mean?
69
  • #309,165
  • Apr 20, 2012 3:53am Apr 20, 2012 3:53am
the 1h bearish butterfly has failed

but now we have one on daily, it is much more reliable

i start scaling in shorts at 1.615 if it goes there
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  • #309,166
  • Apr 20, 2012 3:54am Apr 20, 2012 3:54am
Quoting A-speculator
i try giving my view on GBPNZD but take it lightly as it's been a while i trade synthetic pairs..

as you can see, the retracement stops right about the 50 fibo and right now the price has brakes the 100%, i think in daily perspective, the price is moving towards its 161 fibo which is at about 2.0 area..

the movement to 161 usually counts as wave 3 in elliot wave..
Oh shit... thats bad.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,167
  • Apr 20, 2012 3:59am Apr 20, 2012 3:59am
Quoting bguguen
Oh shit... thats bad.....
as i said, take it lightly.. i don't trade that pair but that's how i see it..

i don't know how you manage your risk, but i don't do average down, i only do average up.. to me by average down is like double the risk on the already wrong side of market..

if i'm wrong, i would not be hesitant to cut my loss and starts over..

in the meantime i have a PO long on kiwi at 8130, hope it can get triggered.

anyway, good luck mate..

all the best to you..
  • #309,168
  • Apr 20, 2012 4:05am Apr 20, 2012 4:05am
Quoting torkay77
the 1h bearish butterfly has failed

but now we have one on daily, it is much more reliable

i start scaling in shorts at 1.615 if it goes there
Nice - after backed by the bull engulf & three white soldier on Daily,am see Big Collapses is coming faster if you can see it at Daily Formation for Pound & Fiber,Both of them need fulfill their TL first,history repeated itself
If there was easy money lying around,no one would be forcing it into your
  • #309,169
  • Apr 20, 2012 4:06am Apr 20, 2012 4:06am
Quoting A-speculator
as i said, take it lightly.. i don't trade that pair but that's how i see it..

i don't know how you manage your risk, but i don't do average down, i only do average up.. to me by average down is like double the risk on the already wrong side of market..

if i'm wrong, i would not be hesitant to cut my loss and starts over..

in the meantime i have a PO long on kiwi at 8130, hope it can get triggered.

anyway, good luck mate..

all the best to you..
Im curious about the weekly chart and ichimoku view of it though....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,170
  • Apr 20, 2012 4:10am Apr 20, 2012 4:10am
Quoting FXMindset
Nice - after backed by the bull engulf & three white soldier on Daily,am see Big Collapses is coming faster if you can see it at Daily Formation for Pound & Fiber,Both of them need fulfill their TL first,history repeated itself
am i understanding you correctly that you are saying GBP is going to drop?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,171
  • Apr 20, 2012 4:18am Apr 20, 2012 4:18am
Quoting bguguen
am i understanding you correctly that you are saying GBP is going to drop?
am long since 1.5910 since the daily candle close 50% than previous one with target 1.61 over and yes based on my chart am looking for heavilly short ( and am waiting this jackpot) when the Big Daily Rising Wedge Kiss and fall ( Lets wait the Confirmation first)
If there was easy money lying around,no one would be forcing it into your
  • #309,172
  • Apr 20, 2012 4:21am Apr 20, 2012 4:21am
Quoting A-speculator
i try giving my view on GBPNZD but take it lightly as it's been a while i trade synthetic pairs..

as you can see, the retracement stops right about the 50 fibo and right now the price has brakes the 100%, i think in daily perspective, the price is moving towards its 161 fibo which is at about 2.0 area..

the movement to 161 usually counts as wave 3 in elliot wave..
For someone who always seems to make good trade calls, and I mean that, you make it look very complicated. Your chart has Ichimoku, which I like, because it's supposed to be a stand alone, at a glance, indicator to experienced eyes. Then you supplant it with other indis along the bottom of the screen.

Now you are quoting Elliot Wave theory. I call it Elliot Wave guessing. I like to see these Elliot wave experts guys arguing about which wave is which, which wave is invalid, what number count is invalid. LOL. Sorry. I had to get it off my chest. My advice to noobs. Leave Elliot wave alone. It's a load of bollocks. Learn about support and resistance. Sorry again, Speculator. You know I respect you. Elliot wave...
Gone to a better place
  • #309,173
  • Apr 20, 2012 4:24am Apr 20, 2012 4:24am
This thing is breaking out at a significant level of resistance! Looks like a spot to go long for me.
All posts are my personal opinion
  • #309,174
  • Apr 20, 2012 4:26am Apr 20, 2012 4:26am
Quoting bguguen
Im curious about the weekly chart and ichimoku view of it though....
on weekly ichi has resistance at about 985x area and if that resistance breaks the next strongest resistance is at about 2.05xx area.. from ichi point of view the strongest rejection we can expect is at the 2.05xx zone.. imho.

actually ichi or not, it is similar to about all other TA, current fractal at weekly is at about current price which is 985x and if that fracktal break, it will become support zone for another movement up to 2.05xx area..

whatever TA you're using, all are about the same..
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  • #309,175
  • Apr 20, 2012 4:31am Apr 20, 2012 4:31am
Quoting smikester
For someone who always seems to make good trade calls, and I mean that, you make it look very complicated. Your chart has Ichimoku, which I like, because it's supposed to be a stand alone, at a glance, indicator to experienced eyes. Then you supplant it with other indis along the bottom of the screen.

Now you are quoting Elliot Wave theory. I call it Elliot Wave guessing. I like to see these Elliot wave experts guys arguing about which wave is which, which wave is invalid, what number count is invalid. LOL. Sorry. I had to get it off my chest....
i know EW can caused a lot of confusion, if we have 10 traders giving EW, we might end up with 20 EW analysis..

well, what i say is just, as normal norm of price action, usually the move from fibo 50-161, normally interprets the count as wave 3.. i didn't say it should be/have to be wave 3..

whatever it is, the 100 fibo has been broken, so there's should not be short position to that..
  • #309,176
  • Apr 20, 2012 4:31am Apr 20, 2012 4:31am
Quoting FXMindset
am long since 1.5910 since the daily candle close 50% than previous one with target 1.61 over and yes based on my chart am looking for heavilly short ( and am waiting this jackpot) when the Big Daily Rising Wedge Kiss and fall ( Lets wait the Confirmation first)
I am of the exact same opinion.

Fundamentals are good indeed for the comming 'weeks' but as far as the short term is concerned, wekkly TL has not broken, Trouble area of 1.61 to 1.615 is still holding. Bullish momentum is nothing extraordinary. If not today then there should be a retrace next week..

Dont take my word for it though im still a noob.
  • #309,177
  • Apr 20, 2012 4:33am Apr 20, 2012 4:33am
Short at 1.6112.

Four current consecutive days of upside. On the weekly we have very long candle this week. Maybe close back around 1.6005?

My TP is at 1.6015.
  • #309,178
  • Apr 20, 2012 4:51am Apr 20, 2012 4:51am
Quoting smikester
For someone who always seems to make good trade calls, and I mean that, you make it look very complicated. Your chart has Ichimoku, which I like, because it's supposed to be a stand alone, at a glance, indicator to experienced eyes. Then you supplant it with other indis along the bottom of the screen.

Now you are quoting Elliot Wave theory. I call it Elliot Wave guessing. I like to see these Elliot wave experts guys arguing about which wave is which, which wave is invalid, what number count is invalid. LOL. Sorry. I had to get it off my chest....
Mate, just because you don't understand it, don't knock it ...because people who haven't got a bloody clue always rubbish the idea. Counting waves at least gives an overview as to the DIRECTION price MAY be heading.

In essence, you are just plain and simply wrong.
  • #309,179
  • Apr 20, 2012 4:51am Apr 20, 2012 4:51am
Quoting FXMindset
am long since 1.5910 since the daily candle close 50% than previous one with target 1.61 over and yes based on my chart am looking for heavilly short ( and am waiting this jackpot) when the Big Daily Rising Wedge Kiss and fall ( Lets wait the Confirmation first)

You're shorting on GBP/USD? Can i ask , how high do you think it will go?
ahead of 1.6130 (high Nov.8)
then 1.6167 (high Oct.31)

and 1.6255 (high Aug.2).
You think it will go over 1.6167 ? before retracement ?
  • #309,180
  • Apr 20, 2012 4:54am Apr 20, 2012 4:54am
Quoting Mpt
Mate, just because you don't understand it, don't knock it ...because people who haven't got a bloody clue always rubbish the idea. Counting waves at least gives an overview as to the DIRECTION price MAY be heading.

In essence, you are just plain and simply wrong.
Thank you. Post a chart?
Gone to a better place
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