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Cable Update (GBPUSD)

  • #395,541
  • Aug 30, 2014 9:53am Aug 30, 2014 9:53am
Quoting albchr
{quote} Since I'm only $14 away from doubling my account since April 1st, I'm happy and can live with everyone else's "opinions" of me. Have a great weekend folks and best wishes for your trading going foward.
Just logging in to fix an error on my part. It wasn't April 1st, it was June 1st.

Account was opened on May 23rd. First trade taken was on May 23rd and closed on the 27th. So .... Close enough to a June 1st start for me.

Best wishes everyone.
Ghost Rider - WWTBMD?
  • #395,542
  • Edited 2:04pm Aug 30, 2014 1:37pm | Edited 2:04pm
Quoting wendyqq
so much to absorb can i have a request to see your fib drawing? {quote}

I know your question was for HDA so I'll let him answer it but I'll just throw out my guess (probably wrong :-))as to what he was trying to say.

This was HDA's fib description: "If you used fibs like I'm observing most traders have been doing - if you know where to draw the fibs correctly, we are between the .786 and .86 retrace and the D extension for a .786 and .86 is 1.27 "
***Please see HDA's post for a much more in-depth analysis of the recent activity (http://www.forexfactory.com/showthread.php?p=7704513#post7704513)


Chart below is my "guess". D extension(1.27) is the target. Based upon the way he worded it, I'm guessing that if we had just a 61.8 retracement, then the D extension (target) would have been the 1.61 extension near 1.7600?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly-9.png Size: 30 KB
  • #395,543
  • Aug 30, 2014 1:39pm Aug 30, 2014 1:39pm
Quoting Bones
yea but your sharing miss info on your tick chart ,do you not think usdx respected the gap " thats not there" well {quote}
LOL... you do love to twist things around at will don't you. Kind of ... make it up as you go ... eh?

We were (well I was) talking about the supposed gap on EUR/USD and here you're talking about a gap on the USDX? (And before you go all assumption on me, Yes I do actually know the dollar is half of the EU )... LOL

Anyway, if we're still talking about the EUR/USD "gap", What I see on my charts is price filled almost 61.8% (within 2.2 pips) of that "gap" before respecting a well established SR. But I guess you figure price respected the gap and not an SR? Okie Dokie. As far as the USDX, I have 3 gaps on daily since July 2012 that were totally ignored, filled almost immediately and surpassed like they weren't even there.

I'd post charts to show all this but since I know nothing and my charts are so obviously wrong, that would be pretty pointless huh?

Shame you still haven't bothered to answer my question before making the charge that "I'm sharing false information".

Third times a charm maybe??

How is it the data exists on my tick chart and not yours?

Amended:
Quit trying to avoid it by changing the subject (or using silly insults) and answer if you can. I'll be back later to see if you have.
Ghost Rider - WWTBMD?
  • #395,544
  • Aug 30, 2014 1:48pm Aug 30, 2014 1:48pm
Chris what on earth is wrong with you ?
ive answered already your chart is not right ,and not trustworthy imo
how direct do you want me to be ,
your saying to me usdx chart gap is real and eu is not I'm I right



Quoting albchr
{quote} LOL... you do love to twist things around at will don't you. Kind of ... make it up as you go ... eh? We were (well I was) talking about the supposed gap on EUR/USD and here you're talking about a gap on the USDX? (And before you go all assumption on me, Yes I do actually know the dollar is half of the EU )... LOL Anyway, if we're still talking about the EUR/USD "gap", What I see on my charts is price filled almost 61.8% (within 2.2 pips) of that "gap" before respecting a well established SR. But I guess you figure price respected...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,545
  • Aug 30, 2014 2:00pm Aug 30, 2014 2:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 43 KB
  • #395,546
  • Aug 31, 2014 2:23am Aug 31, 2014 2:23am
Quoting srt
{quote} I know your question was for HDA so I'll let him answer it but I'll just throw out my guess (probably wrong :-))as to what he was trying to say. This was HDA's fib description: "If you used fibs like I'm observing most traders have been doing - if you know where to draw the fibs correctly, we are between the .786 and .86 retrace and the D extension for a .786 and .86 is 1.27 " ***Please see HDA's post for a much more in-depth analysis of the recent activity (http://www.forexfactory.com/showthread.php?p=7704513#post7704513)...
Seems pretty clear srt.
Ghost Rider - WWTBMD?
  • #395,547
  • Aug 31, 2014 4:49am Aug 31, 2014 4:49am
Gidday GBP/US

Bit confused if we are in a bigger down trend looming

or another high before the titanic sinks to lower levels.

If we are looking out to end off the year

any ideas on or lower 1.60
  • #395,548
  • Aug 31, 2014 5:16am Aug 31, 2014 5:16am
Quoting eliteincome
Gidday GBP/US Bit confused if we are in a bigger down trend looming or another high before the titanic sinks to lower levels. If we are looking out to end off the year any ideas on or lower 1.60
In my opinion, GBP/USD may move up again soon (maybe next 2-3 weeks, or perhaps sooner if USD side permits). USD looks very overbought, and I don't see why there would be further buying interest without a significant increase in optimism - which hasn't really materialized, and doesn't seem to be on the horizon.
  • #395,549
  • Aug 31, 2014 6:00am Aug 31, 2014 6:00am
cable bearish 2 month close monday ,have a look what this chart is doing time and time again ,
the location is A 1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 2 month (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,550
  • Aug 31, 2014 6:04am Aug 31, 2014 6:04am
there only two options to me ,side ,or down over a 2 month period
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,551
  • Aug 31, 2014 6:14am Aug 31, 2014 6:14am
Trade your own plan folks.
Ghost Rider - WWTBMD?
  • #395,552
  • Aug 31, 2014 6:30am Aug 31, 2014 6:30am
we can look to gbp chf ,for strength of gbp ,
hang man not necessarily a top ,and tricky pattern but location says to me any up move from here , will fail for deeper down ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp CHF monthly 31 (DFB).png Size: 29 KB
Click to Enlarge Name: gbp CHF d1 30 (DFB).png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,553
  • Aug 31, 2014 6:49am Aug 31, 2014 6:49am
clear indication that short will be more fruitful and high will not be taken before low
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD monthly 31 aug (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,554
  • Aug 31, 2014 6:49am Aug 31, 2014 6:49am
divination - harmonic
Attached Image (click to enlarge)
Click to Enlarge Name: kable harmonic.PNG Size: 45 KB
  • #395,555
  • Aug 31, 2014 7:04am Aug 31, 2014 7:04am
gbp aud , under 737 we see a 5 month continuation pattern ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD monthly 31 (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,556
  • Aug 31, 2014 7:34am Aug 31, 2014 7:34am
whilst I wonder about that w1 ,I'm not going to be shorting last week ,with gap down ,move up
Monday is important to move as to move up further ,
ive drawn channel as logical as poss ,but really you wont find a good tl ,the reason to me is overall this chart continues with consolidation high tf
harami requiers confirm ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 31 (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,557
  • Aug 31, 2014 7:42am Aug 31, 2014 7:42am
Quoting Bones
gbp aud , under 737 we see a 5 month continuation pattern , {image}
Good morning Bones,

Yes, important. Holiday in US, so I will be scarce. Relevant chart to share.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily831.jpg Size: 184 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #395,558
  • Aug 31, 2014 7:46am Aug 31, 2014 7:46am
Hi Scott in a way I'm with you ,lets see open ,enjoy the break ,something I notice is your patterns works out with high reliability ,
but I will wait for gbp aud then for monthly outlook ,

Quoting Mr. Scott
{quote} Good morning Bones, Yes, important. Holiday in US, so I will be scarce. Relevant chart to share. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,559
  • Aug 31, 2014 7:50am Aug 31, 2014 7:50am
Quoting Bones
I enjoy posting Nav ,even if I have to have nah sayer s actually it makes you think prior and every now and again you can meet someone like Scott, {quote}

yes for sure..focus on the positive
  • #395,560
  • Aug 31, 2014 8:10am Aug 31, 2014 8:10am
Chris its all about the gap isn't it ,I said I suspect your data is wrong thats all

Quoting albchr
{quote} Hey thanks for the kind is agenda regarding me really is ... no? Anyway, hope all is well with you.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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