should visit 1.544 before considering going back to uptrend... or sinking to 1.51...
Cable Update (GBPUSD)
- #418,026
- Aug 7, 2015 3:37am Aug 7, 2015 3:37am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} strongly agree with you, but I prefer 1.544, my friend
- #418,028
- Aug 7, 2015 3:56am Aug 7, 2015 3:56am
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
Top of the Morning All,
Algo, "How?" you ask...
Well,
1st off it's not my preference either- but as richer "eluded to",
there are many games to be played.
Taking it down to a small 5 min candle...
__ It "Appears" that a smaller 5-Wave down, may have had an A-B-C "Retrace" back up,
Of this smaller little link down, on a 15 min Candle.
__ It "About" hit a 78.6 Retracement of that last leg down.
__ As i'm Typing, now she hit a Retrace of the whole, 'Dang thing.
So, London Run's it up, Even w/a Poor / or "Stinking" Trade-Balance Print,
Just so as to either go higher on a bad US NFP Print, or Lower w/a Good one.
Forget about all that though,
-Just Play your 'Technical's' & don't try to figure out all the Mental, "Mumbo-Jumbo"!
All the Best,
Nice Chart Dano
!
Jeff Out
Algo, "How?" you ask...
Well,
1st off it's not my preference either- but as richer "eluded to",
there are many games to be played.
Taking it down to a small 5 min candle...
__ It "Appears" that a smaller 5-Wave down, may have had an A-B-C "Retrace" back up,
Of this smaller little link down, on a 15 min Candle.
__ It "About" hit a 78.6 Retracement of that last leg down.
__ As i'm Typing, now she hit a Retrace of the whole, 'Dang thing.
So, London Run's it up, Even w/a Poor / or "Stinking" Trade-Balance Print,
Just so as to either go higher on a bad US NFP Print, or Lower w/a Good one.
Forget about all that though,
-Just Play your 'Technical's' & don't try to figure out all the Mental, "Mumbo-Jumbo"!
All the Best,
Nice Chart Dano
!Jeff Out
I will work to Objectively Identify my Edges
Top of the Morning All, Algo, "How?" you ask... Well, 1st off it's not my preference either- but as richer "eluded to", there are many games to be played. Taking it down to a small 5 min candle... __ It "Appears" that a smaller 5-Wave down, may have had an A-B-C "Retrace" back up, Of this smaller little link down, on a 15 min Candle. __ It "About" hit a 78.6 Retracement of that last leg down. __ As i'm Typing, now she hit a Retrace of the whole, 'Dang thing. So, London Run's it up, Even w/a Poor / or "Stinking" Trade-Balance Print, Just so as to...
look at yesterdays vote surprise there too so either way gonna be fun - mind u if in doubt i would ask Elbert as he always knows right E
, my gros bisous
- #418,033
- Aug 7, 2015 4:25am Aug 7, 2015 4:25am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} u going long then E - hmmmmmm
- #418,035
- Aug 7, 2015 4:36am Aug 7, 2015 4:36am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote}oops i mean to say
{quote} still keeping in mind 5636 number and now 5415/5400, BBC news this morning the man is saying expectations above the last numbers , if so then we could see 5170 , if not then we take out that 5636 and close the day and week over to see 6400,5825 it main resistance to the top on our day chart i would say that would be come a target for short term before any try to take 6000,, spikes are on the cards today , get out before the news if playing tight sl, but at least thats the safe way to play i will admit yesterday i had 3 trades in quick and...
- #418,037
- Aug 7, 2015 5:11am Aug 7, 2015 5:11am
friends, good signal is forming, but should wait and order as if 1.554. signals of Eu down also, likely to indicate US strength today if the prices not go down right now. just my opinion, take your care 
- #418,038
- Aug 7, 2015 5:22am Aug 7, 2015 5:22am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} wow E such an inspiring summary i take back all those things i ever said about you without u knowing
- #418,039
- Aug 7, 2015 5:26am Aug 7, 2015 5:26am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} wow E such an inspiring summary i take back all those things i ever said about you without u knowing