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Cable Update (GBPUSD)

  • #367,241
  • Mar 5, 2014 11:25am Mar 5, 2014 11:25am
Quoting palabara
{quote} Will retest 1.6660 AGAIN, I believe.
Still like the 550 area. Maybe just the wrong day. I've got 2 levels in 790 and 550. I thought we had tested far enough into the 790, maybe not.
  • #367,242
  • Mar 5, 2014 11:35am Mar 5, 2014 11:35am
Quoting squawk
{quote} Still like the 550 area. Maybe just the wrong day. I've got 2 levels in 790 and 550. I thought we had tested far enough into the 790, maybe not.
It hit the trend line again but didn't break it.
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There are those who know, and there are those who don't know.
  • #367,243
  • Mar 5, 2014 11:40am Mar 5, 2014 11:40am
Quoting chazzle
OIL here again - not really a bounce, more like a whimper ... 200 in sight (WTI btw)
and then some
  • #367,244
  • Edited 1:06pm Mar 5, 2014 12:37pm | Edited 1:06pm
Quoting elbert3
took the money and went short 67340 sl on the open
tokk the profit and gone long again on the old support 6715,,,sl on the open
looks like price confirmed 6715 long
  • #367,245
  • Mar 5, 2014 12:43pm Mar 5, 2014 12:43pm
Awkward looking , but hey whatchu gonna do .....


Ze Pattern is Complete ..
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  • #367,246
  • Mar 5, 2014 3:13pm Mar 5, 2014 3:13pm
Getting Ready to do a Skelewu dance to the bank ..Well , Hopefully ..lol
I'm expecting a bounce ..
Will go LONG after the dip ..It might use the 4hr demand sitting below ..
Don't know how far it will travel ...

As always - Do your own analysis .. ..

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  • #367,247
  • Mar 5, 2014 3:26pm Mar 5, 2014 3:26pm
Quoting taomql4
Getting Ready to do a Skelewu dance to the bank ..Well , Hopefully ..lol I'm expecting a bounce .. Will go LONG after the dip ..It might use the 4hr demand sitting below .. Don't know how far it will travel ... As always - Do your own analysis .. .. http://www.youtube.com/watch?v=eME4ckLLmaE {image}

i see excel on the right....what predictve input produces the future patterns? seems like your spot on on every call
  • #367,248
  • Mar 5, 2014 6:17pm Mar 5, 2014 6:17pm
Hi Ill-b-back and Davit,

These the example GBP/USD in H4 Chart.
How Fibo Fan combine with Fibo Retracement worked & made (the Right) in Calculation :nerd:

Remember... I'm not teach you, but share only

Cheers

Quoting Ill-b-back
{quote} lol, just having some fun brother. Daily signal looks ok to me. I haven't applied the fibo fan, just some TL's/breakout points. Cheers Tsar
Quoting Davit
{quote} On daily chart 50 fib (not really a fib) is on insignificant level in terms of structures on left. Key level to me is 38.2Fib at 66 if this breaks nothing is stopping to go down to 63 Regards {image}
.
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Always looking the GREAT, never left GOOD Point...
  • #367,249
  • Mar 5, 2014 6:34pm Mar 5, 2014 6:34pm
Quoting Tsar
Hi Ill-b-back and Davit, These the example GBP/USD in H4 Chart. How Fibo Fan combine with Fibo Retracement worked & made (the Right) in Calculation :nerd: Remember... I'm not teach you, but share only Cheers {quote} {quote} . {image} {image} {image}
Hi Tsar, thanks mate.
Come with me if you want to live....
  • #367,250
  • Mar 5, 2014 6:43pm Mar 5, 2014 6:43pm
Quoting Tsar
Hi Ill-b-back and Davit, These the example GBP/USD in H4 Chart. How Fibo Fan combine with Fibo Retracement worked & made (the Right) in Calculation :nerd: Remember... I'm not teach you, but share only Cheers {quote} {quote} . {image} {image} {image}
But at what point did you draw your fan? I can draw one now and line it up like that too.

The way I draw mine we are already PAST the 61.8, while yours is still holding.
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  • #367,251
  • Mar 5, 2014 7:16pm Mar 5, 2014 7:16pm
Quoting Tsar
Hi Ill-b-back and Davit, These the example GBP/USD in H4 Chart. How Fibo Fan combine with Fibo Retracement worked & made (the Right) in Calculation :nerd: Remember... I'm not teach you, but share only Cheers {quote} {quote} . {image} {image} {image}
Thanks Tsar for sharing
It does look good.This pair does correspond to fib levels well, my only flaw is I am on the wrong side....
Regards
In trading, you have to be defensive and aggressive at the same time
  • #367,252
  • Mar 5, 2014 7:17pm Mar 5, 2014 7:17pm
Quoting edindzeko
{quote} But at what point did you draw your fan? I can draw one now and line it up like that too. The way I draw mine we are already PAST the 61.8, while yours is still holding. {image}
Actually, good point, I get the same.
If US gets some good data, we could push down to 50 fib at 6530 area for nice ABCD next week.
After that, will have to wait and see.
Come with me if you want to live....
  • #367,253
  • Edited 11:07pm Mar 5, 2014 7:36pm | Edited 11:07pm
Quoting edindzeko
{quote} But at what point did you draw your fan? I can draw one now and line it up like that too. The way I draw mine we are already PAST the 61.8, while yours is still holding. {image}

That's ProTrader platform, I used DEFAULT setting Fibo Fan (as the Original Tool) from these platform
Check it out Platform alternatives to Metatrader thread's.

Found something defferent, cross check with Another platforms ; like MT4 or cTrader platform (attach in this Post)

It's Strange ! Maybe ProTrader Programmer got 'THINK DEFFERENT' about Fibo Fan calculation's ?
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Always looking the GREAT, never left GOOD Point...
  • #367,254
  • Mar 5, 2014 8:02pm Mar 5, 2014 8:02pm
...in the near future, prepare to welcome for a big bear to come.
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  • #367,255
  • Mar 5, 2014 8:22pm Mar 5, 2014 8:22pm
...but for a short term, we could see the bull power show off at least one more time.
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  • #367,256
  • Mar 5, 2014 8:45pm Mar 5, 2014 8:45pm
Tried change Fibo Fan (ProTrader platform) with 'more details'

And I found the Calculations of 76.40% & 88.60% is Correct


Quoting Tsar
{quote} That's ProTrader platform, I used DEFAULT setting Fibo Fan (as the Original Tool) from these platform Check it out Platform alternatives to Metatrader thread's. Found something defferent, cross check with Another platforms ; like MT4 or cTrader platform (attach in this Post) {image}
Quoting Tsar
These the example GBP/USD in H4 Chart. How Fibo Fan combine with Fibo Retracement worked & made (the Right) in Calculation :nerd: {image} {image} {image}
Attached Image (click to enlarge)
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Always looking the GREAT, never left GOOD Point...
  • #367,257
  • Mar 5, 2014 9:28pm Mar 5, 2014 9:28pm
Quoting elbert3
{quote} honestly chaz after yesterday i was wondering around having lost 2 trades thinking were did it go wrong ,it was baggi late last night talking about fake, but he was going short, so i started looking for false moves then found that candle on the 4 hour,??? ( if you saw my chart earlier )

I really wouldn't trade off of anything I ever say. I'm usually in and out pretty quickly. And if it goes the wrong way on me, I tend to implore a martingale strategy. Once that strategy starts, I just look to get out even.

For example, tonight, I'm taking a small position long. If I wake up in the morning and we're 100 pips down, I'll double my position and look for a 50 pip bounce. If we go down another 100 pips, I'll double my position again.

If you get in an the wrong side of a large move though, it can really hurt.
  • #367,258
  • Mar 5, 2014 9:43pm Mar 5, 2014 9:43pm
Howzit GU

Morning, Cable 1 Hour candle chart

Specific Strategy: Falling wedge break out (uptrend continuation)

Price found support @ 1.66410 and has chopped up to 1,67420. Minor ST support @ 1.67080 (STOP)
If PA trades above 1.672xx (Entry) look to go long targeting 1.67420, 1.67490 and final 1.67690

Confluence with 50 candle sma upward sloping ma.

Risks
Be aware of significant event risks in the afternoon (asset purchase etc GBP) and (USD Unemployment claims) Trade execution time is intraday

Enjoy your trading day.
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  • #367,259
  • Edited Mar 6, 2014 12:40am Mar 5, 2014 9:57pm | Edited Mar 6, 2014 12:40am
Would that be an a-b-c correction retracing the previous advance of (a) ?
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Elliott Wave for optimum entry, exit and risk management of trades
  • #367,260
  • Edited 10:43pm Mar 5, 2014 10:26pm | Edited 10:43pm
Stumbled across an interesting Geppy chart that I submitted way back in May 2010.




Hmm... maybe I should have acted upon that which I said.


EDIT: Forgot to add, the original chart was with ODL, who were bought out by FXCM - the latest chart - and so one would have thought PA would be matching/similar on the charts, but is not. Another snippet to digest.




May 2010
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March 2014
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Author of: For Pip's Sake! (Available at Amazon... :-) )
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