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Cable Update (GBPUSD)

  • #369,621
  • Mar 28, 2014 12:07pm Mar 28, 2014 12:07pm
Quoting elbert3
{quote} {image} hi i am looking at a different fib placement,, my 61 fib and ext takes me back to 16427 same number as mr s
I prefer HH and LL of most recent swing. Why not from 6821? Highest High?Markets always keep HH as target or reference point.
In trading, you have to be defensive and aggressive at the same time
  • #369,622
  • Mar 28, 2014 12:08pm Mar 28, 2014 12:08pm
Quoting Davit
I'll be looking for shorts in 78-88 fibs Scott Carney's sweet spot Once 618 is violated next is 78.6 fib {image}
i think for now we will not or may not see 1670 for now ?? i think pull back to the gap number i posted but was questioned at the time of 6582 if that holds then up, if not 6427, thats my thoughts
  • #369,623
  • Mar 28, 2014 12:08pm Mar 28, 2014 12:08pm
Quoting Davit
{quote} Hi HDA Thanks for feedback.I figured recent NU impressive gains needed a correction. Tiny island nation with 200b GDP can't effort high currency since they are very dairy depended on exports. True value is at 80-82 but not greedy Regards
@Davit:

LoL! there you go, we have to control our greed LoL!

HDA OUT
  • #369,624
  • Mar 28, 2014 12:10pm Mar 28, 2014 12:10pm
Quoting elbert3
any body trade gbpnzd 4 hour looks good,candles and hieken ashi
im waiting for 1.89611
  • #369,625
  • Mar 28, 2014 12:10pm Mar 28, 2014 12:10pm
Quoting elbert3
{quote} i think for now we will not or may not see 1670 for now ?? i think pull back to the gap number i posted but was questioned at the time of 6582 if that holds then up, if not 6427, thats my thoughts
how did u come up with 6427?
  • #369,626
  • Mar 28, 2014 12:13pm Mar 28, 2014 12:13pm
Quoting HDA
{quote} @Davit: Excellent Chart as always.I like your short scenario, One question - if the 88.6% (1.67567) is violated and price action holds above that level, when could one start look for longs? HDA OUT
Scott Carney whom I respect greatly states that if 88.6 is violated often price exceeds original measurement.
Until then lot depends how US numbers come out.I am still in outlook that US economy is improving perhaps better then UK so I am still looking for shorts.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #369,627
  • Mar 28, 2014 12:13pm Mar 28, 2014 12:13pm
Quoting Davit
{quote} I prefer HH and LL of most recent swing. Why not from 6821? Highest High?Markets always keep HH as target or reference point.
Attached Image (click to enlarge)
Click to Enlarge Name: day2.png Size: 112 KB
hows that, the fib ext comes out more of the same,, and this might sound crazzy if you look at past pin bars they do come back to your 88.6 just my opinion, just for fun we can see which of us gets close, if we do at all, respectfully
  • #369,628
  • Mar 28, 2014 12:15pm Mar 28, 2014 12:15pm
Quoting needpips
{quote} im waiting for 1.89611
hi sorry i have answered your other post, but not sure 1.89611 is regards E
  • #369,629
  • Mar 28, 2014 12:17pm Mar 28, 2014 12:17pm
Quoting elbert3
{quote} hi sorry i have answered your other post, but not sure 1.89611 is regards E
gbp/nzd
  • #369,630
  • Mar 28, 2014 12:20pm Mar 28, 2014 12:20pm
Quoting needpips
{quote} gbp/nzd
are ok yes i am with you just need to have a full candle close over the 25, might be best, there will be plenty of room for profit, if looking for a 90% safe entry, what do you think,, how do you determine ,trades ie r/s, fibs price .regards
  • #369,631
  • Mar 28, 2014 12:27pm Mar 28, 2014 12:27pm
Quoting Davit
{quote} Scott Carney whom I respect greatly states that if 88.6 is violated often price exceeds original measurement. Until then lot depends how US numbers come out.I am still in outlook that US economy is improving perhaps better then UK so I am still looking for shorts. Regards
@Davit:

I understand why you are looking at shorts your chart convincingly shows why you would take a short position including the use of your BB trading tool. Could you say where you would look for longs. What I am asking is, what would have to happen that would make longs look favourable?

HDA OUT
  • #369,632
  • Mar 28, 2014 12:28pm Mar 28, 2014 12:28pm
Quoting elbert3
{quote} {image} hows that, the fib ext comes out more of the same,, and this might sound crazzy if you look at past pin bars they do come back to your 88.6 just my opinion, just for fun we can see which of us gets close, if we do at all, respectfully
I think you got your fibs upside down....
In trading, you have to be defensive and aggressive at the same time
  • #369,633
  • Mar 28, 2014 12:28pm Mar 28, 2014 12:28pm
Quoting needpips
{quote} gbp/nzd
Attached Image (click to enlarge)
Click to Enlarge Name: gn.png Size: 121 KB
is this you ?? trying to see why that number , regards
  • #369,634
  • Mar 28, 2014 12:29pm Mar 28, 2014 12:29pm
Quoting elbert3
any body trade gbpnzd 4 hour looks good,candles and hieken ashi
Hi Elbert,

I like your attitude and efforts. Been watching this one on some higher tf's. Couple of relevant charts I have.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzddaily328.jpg Size: 249 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #369,635
  • Mar 28, 2014 12:33pm Mar 28, 2014 12:33pm
Quoting Davit
{quote} I think you got your fibs upside down....
Attached Image (click to enlarge)
Click to Enlarge Name: d.png Size: 112 KB
is that better ?? lol
  • #369,636
  • Mar 28, 2014 12:35pm Mar 28, 2014 12:35pm
Quoting HDA
{quote} @Davit: I understand why you are looking at shorts your chart convincingly shows why you would take a short position including the use of your BB trading tool. Could you say where you would look for longs. What I am asking is, what would have to happen that would make longs look favourable? HDA OUT
HDA
To be honest 100% after last Yellen's testimony I am convinced that US economy is projected to improve significantly.
Her speech was brilliant.I was very impressed by her articulations about economy.Feds will continue taper so I don't see how that is fundamentally weakness for USD.On the contrary Unemployment numbers are printing better after brutal winter and coming spring and summer will get better I think.
So in short unless something dramatic happens I'll be a Cable Bear.
Regards
PS If you have not listened Yellen's last testimony please do.
In trading, you have to be defensive and aggressive at the same time
  • #369,637
  • Mar 28, 2014 12:38pm Mar 28, 2014 12:38pm
Quoting elbert3
{quote} {image} is that better ?? lol
In trading, you have to be defensive and aggressive at the same time
  • #369,638
  • Mar 28, 2014 12:44pm Mar 28, 2014 12:44pm
Quoting Davit
{quote}
http://en.wikipedia.org/wiki/Fibonacci_retracement

"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,639
  • Mar 28, 2014 12:48pm Mar 28, 2014 12:48pm
Quoting godim
{quote} http://en.wikipedia.org/wiki/Fibonacci_retracement
yes well/
  • #369,640
  • Mar 28, 2014 12:49pm Mar 28, 2014 12:49pm
Quoting godim
{quote} Breakthrough. Then we can be thinking about buying the support level of 3738 in an hour. Maybe. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 51 KB


If there is a support? And the cable opened over 6639?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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