Attachments: GBP/USD outlook

GBP/USD outlook

#921
May 21, 2013 7:37am May 21, 2013 7:37am

eitan1010
| Membership Revoked | Joined Jun 2011 | 4,778 Posts

Quoting Ill-b-back

Disliked

{quote} Could do, I'm aiming 100 pips lower myself at the confluence with Aprils low around 5030. By "others" I mean people who have no concept of the value of higher TF analysis to find entries and exits and just write it off as unfeasible. Anyway, it takes all kinds I suppose

Ignored

What's up, man? Do not waste your energy and do not get mad it's not worth it

Anyway have a great week and a lot of green

C U

regards
Eitan

when GOD brings you a challenge he also gives you the power to deal with it

#922
May 21, 2013 7:57am May 21, 2013 7:57am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting eitan1010

Disliked

{quote} What's up, man? Do not waste your energy and do not get mad it's not worth it Anyway have a great week and a lot of green C U regards Eitan

Ignored

Hey Eitan, true mate, I was having a long discussion about this topic in the rookie section with another trader. I wasn't referring to anyone in the regular trading threads since many of these guys have a good grasp of charting and analysis.

maybe if I just focus on my trading I can move up to minilots

lol...

Have a great week mate, watching Aprils low, hold or bust

Come with me if you want to live....

#923
May 21, 2013 8:00am May 21, 2013 8:00am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

Will Wednesdays news take us down and Thursdays take us up?

Ignored

Or Tuesday down and Wednesday up?

Come with me if you want to live....

#924
May 21, 2013 8:03am May 21, 2013 8:03am

eitan1010
| Membership Revoked | Joined Jun 2011 | 4,778 Posts

yes i watch it cauze its very critical zone for me..and if it bust away i will Unfortunately close my long long..

still it will be in profit but not as i except it..200+-/1000+-

when GOD brings you a challenge he also gives you the power to deal with it

#925
May 21, 2013 8:11am May 21, 2013 8:11am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting eitan1010

Disliked

yes i watch it cauze its very critical zone for me..and if it bust away i will Unfortunately close my long long.. still it will be in profit but not as i except it..200+-/1000+-

Ignored

Still, profit is profit and your Risk/Reward will always be favourable

I see a reversal pattern brewing around my target area

Attached Image (click to enlarge)

Click to Enlarge

Name: gbpusdh4.png
Size: 32 KB

Come with me if you want to live....

#926
May 21, 2013 8:13am May 21, 2013 8:13am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

11.12pm here, off to bed.

Come with me if you want to live....

#927
May 21, 2013 8:31am May 21, 2013 8:31am

eitan1010
| Membership Revoked | Joined Jun 2011 | 4,778 Posts

Quoting Ill-b-back

Disliked

11.12pm here, off to bed.

Ignored

good night bro

when GOD brings you a challenge he also gives you the power to deal with it

#928
May 21, 2013 4:30pm May 21, 2013 4:30pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

{quote} Still, profit is profit and your Risk/Reward will always be favourable I see a reversal pattern brewing around my target area {image}

Ignored

Ok, out of this trade and will see what Ben and news have to say

Come with me if you want to live....

#929
May 21, 2013 7:56pm May 21, 2013 7:56pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Be careful folks, all may not be as it seems.
We have not retested the monthly breakout point, we have touched down on a transverse retest point of last years June-August brick wall, with a potential near perfect AB=CD to the retest of not 1, not 2 but 3 TL's at the top of the weekly range.

Come with me if you want to live....

#930
May 21, 2013 8:00pm May 21, 2013 8:00pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

Be careful folks, all may not be as it seems. We have not retested the monthly breakout point, we have touched down on a transverse retest point of last years June-August brick wall, with a potential near perfect AB=CD to the retest of not 1, not 2 but 3 TL's at the top of the weekly range.

Ignored

Can you see it? :nerd:

Come with me if you want to live....

#931
May 21, 2013 8:32pm May 21, 2013 8:32pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

Be careful folks, all may not be as it seems. We have not retested the monthly breakout point, we have touched down on a transverse retest point of last years June-August brick wall, with a potential near perfect AB=CD to the retest of not 1, not 2 but 3 TL's at the top of the weekly range.

Ignored

Actually, June-July brick wall I think on the weekly.

Come with me if you want to live....

#932
May 24, 2013 1:44am May 24, 2013 1:44am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Where is Cable headed today

Come with me if you want to live....

#933
May 24, 2013 2:56am May 24, 2013 2:56am

baherhosni
Joined Jan 2011 | Status: Trader | 1,560 Posts

Quoting Ill-b-back

Disliked

Where is Cable headed today

Ignored

well Fisher didn't give us much of a choice did he? if this thing move any where up, its pure tech imo and at the same time will be strange!!

I still need a trading break soon!!! "Loose some to win more" --Baher A.

#934
May 27, 2013 4:44pm May 27, 2013 4:44pm

fibstalker
| Commercial User | Joined Jan 2013 | 1,169 Posts

Hello all,
an updated view on the Dollar Index. The current price dynamics is very important as price could repeat last year's move (now, repeats in history are very rare, but that could still happen). Let me show you what I mean:

The 84.70 area is the first target of the 81.40 area of support that found participation at the beginning of May (corresponding to Euro’s lower low at 1.3240). The 84.70 area lines up with previous highs in the Dollar Index which could suggest profit taking from those levels. If history repeats (it rarely does though) we could see something similar to what happen last year in the Dollar Index.

Attached Image (click to enlarge)
http://www.forexfactory.com/attachment.php?attachmentid=1201482&stc=1&thumb=1&d=1369689939

The above picture shows the two current scenarios I could anticipate:

Scenario 1. Price could continue lower into the 83 area of support and then violently bounce higher into the 84.70 area of 1st target of the 81.40 long entry area. Then price could fail the next traditional measured move higher and start a series of lower lows and lower highs.

Scenario 2. After trading the 83 area, price could continues above the previous 84.70 profit level into the 85.30 area, 1st target of the 83 area long setup. If that happens profit taking could be seen at those levels (and we would deal with that at the proper time).

On my blog you can find the video explaining the scenarios I have just provided above: http://elitefive.wordpress.com/2013/...lish-language/

Let me know what you think.
Cheers

-fibstalker

"markets traded by programs/HFT offer a significant trading edge..."

#935
May 27, 2013 9:31pm May 27, 2013 9:31pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting baherhosni

Disliked

{quote}well Fisher didn't give us much of a choice did he? if this thing move any where up, its pure tech imo and at the same time will be strange!!

Ignored

Yes, but with that wedge broken, hopefully will now fall.

Fingers X'ed

Come with me if you want to live....