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Cable Update (GBPUSD)

  • #328,541
  • Oct 29, 2012 2:05pm Oct 29, 2012 2:05pm
Quoting walkman
someboddy taught me about fibo reaction at 23 and 38.

I know that here is the forum about GU, but EU's latest moves down and the reaction to the fibo 23 ...

I really think that this is a reaction to fibo23, but maybe perhaps there is another reason.
You'll probably find it a bit more useful to use Fibo on higher time frame, in a sense if you trade daily... you can grab the high and the low on a weekly time frame, soo set and forget until new lows are created on the weekly... then you have to adjust lower
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,542
  • Oct 29, 2012 2:07pm Oct 29, 2012 2:07pm
Quoting walkman
someboddy taught me about fibo reaction at 23 and 38.

I know that here is the forum about GU, but EU's latest moves down and the reaction to the fibo 23 ...

I really think that this is a reaction to fibo23, but maybe perhaps there is another reason.

its just coincidence..cable reacts generally to the 50%..main thing is dont see the fib without resistance or support..it needs to line up..

is it the fib or the support/resistance? its the support or resistance but if the fib line up then better
  • #328,543
  • Oct 29, 2012 2:10pm Oct 29, 2012 2:10pm
and Gu show
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  • #328,544
  • Oct 29, 2012 2:11pm Oct 29, 2012 2:11pm
Quoting bbakker
It was a lovely m15 supply zone though with price going back to the origin of the drop and then continuing the downtrend to set a new low before London close. Nice end of day play. Chazzle got the bounce spot on but higher timeframes tell me we should be going lower, back to the major support, last week's low.
thats what im thinking..im actually in this looking for 1.58..then over time 1.5 then long all the way
  • #328,545
  • Oct 29, 2012 2:13pm Oct 29, 2012 2:13pm
Quoting fxtyrant
You'll probably find it a bit more useful to use Fibo on higher time frame, in a sense if you trade daily... you can grab the high and the low on a weekly time frame, soo set and forget until new lows are created on the weekly... then you have to adjust lower
what's important to use fibo.

It is important that all people measured by the same way and all would be clear from where to where to measure.

clearest way between highs and lows.
  • #328,546
  • Oct 29, 2012 2:17pm Oct 29, 2012 2:17pm
Quoting walkman
and Gu show

correction
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  • #328,547
  • Oct 29, 2012 2:23pm Oct 29, 2012 2:23pm
Quoting walkman
correction
By the way... add another fib... add the 78.2% fib and you'll see something surprising.... its a valid fib point that MT4 forgot to integrate to it..... go check it online on google... or babypips...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,548
  • Oct 29, 2012 3:48pm Oct 29, 2012 3:48pm
Heard that NYSE will be closed tomorrow as well due to Sandy. No NY session two days in a row. That doesn't happen often!
  • #328,549
  • Oct 29, 2012 4:14pm Oct 29, 2012 4:14pm
GU is on the bearish sentiments now.
forexpillariscipline & patience Trader
  • #328,550
  • Oct 29, 2012 4:21pm Oct 29, 2012 4:21pm
Quoting bbakker
Heard that NYSE will be closed tomorrow as well due to Sandy. No NY session two days in a row. That doesn't happen often!
1996 was the last time
  • #328,551
  • Oct 29, 2012 6:02pm Oct 29, 2012 6:02pm
you guys noticed the weekly (last week) and atm the 4h?
  • #328,552
  • Oct 29, 2012 11:40pm Oct 29, 2012 11:40pm
Quoting bbakker
1996 was the last time
Newspaper quote -
Quote
The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and it will be the first time since 1888 that the exchange will have been closed for two consecutive days because of weather.

Incredible.

Regards
  • #328,553
  • Oct 29, 2012 11:54pm Oct 29, 2012 11:54pm
any one here live in east coast? how bad is it?
deep RoT is essential for everlasting happyness
  • #328,554
  • Oct 30, 2012 1:43am Oct 30, 2012 1:43am
Wow, Just got up here to pictures on the BBC. Atlantic City under water, Manhattan badly flooded. Possible explosion at Nuclear power plant in New Jersey. Sister lives in Cleveland and even they affected. ....On top of that BOJ announced aggressive monetary easing.
  • #328,555
  • Oct 30, 2012 1:48am Oct 30, 2012 1:48am
hi good morning

for pound$ upside target is min 6100


gl
Learning Requires Failure
  • #328,556
  • Oct 30, 2012 1:50am Oct 30, 2012 1:50am
Quoting gavalar
Wow, Just got up here to pictures on the BBC. Atlantic City under water, Manhattan badly flooded. Possible explosion at Nuclear power plant in New Jersey. Sister lives in Cleveland and even they affected. ....On top of that BOJ announced aggressive monetary easing.

By the way, I hope everyone from this forum who lives in that part of the world is safe and sound.
  • #328,557
  • Oct 30, 2012 2:04am Oct 30, 2012 2:04am
Longed @ 6030 and my target is 6075/80.
When Scalpers win, I lose and Vice varsa...
  • #328,558
  • Edited 2:20am Oct 30, 2012 2:08am | Edited 2:20am
Quoting Goldflake
Longed @ 6030 and my target is 6075/80.

good job we might even go higher than that today
Loosening is not an option
  • #328,559
  • Oct 30, 2012 2:13am Oct 30, 2012 2:13am
Hi All

Take care from long position it could be trap
  • #328,560
  • Oct 30, 2012 2:21am Oct 30, 2012 2:21am
Quoting ZeroCool
Hi All

Take care from long position it could be trap

Yes it can be but we still waiting for confirmation and we will go higher anything can happen, be safe
Loosening is not an option
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