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Cable Update (GBPUSD)

Sorry I guess I missed your earlier post....I´m often away for hours....here´s my 4 hr updated

Cable Update (GBPUSD)

Painful....but IF he uses good money management ...say $10,000 / standard lot, it will not be a problem. But at say $2K / lot.........nasty

Cable Update (GBPUSD)

Hi Traex....great thread and I hope you dont mind the odd post.... The attached is using W3 for projecting W5....just the .786 and 1.00 left now as targets. I like the way its held (mostly) by the APF and my guess is that the W 4 low is at a fibo of ...

Harmonic Wave Journal

Update on previous post...

Cable Update (GBPUSD)

The Forex Gods — LOL, now we have a late Hindu diety and a Hungarian minor clamouring for our attention....never a dull moment in this thread. Yes, there are Gods in FX....they´re the Banks and Funds - aka the Big Dogs and when they decide ...

Cable Update (GBPUSD)

Agreed, that´s why the Dollar Index has fallen for 600 + days since its 2005 high......Iran asking for oil payments in other currencies is another straw to the already heavy load.....

Cable Update (GBPUSD)

Iran says its asking Japanese oil importers to pay in JPY effective immediately; seeing USD/JPY get hit This was posted elsewhere on Friday.....with comments like this the dollar is going to remain weak for a little longer There are a good number of ...

Cable Update (GBPUSD)

It looks as if the run above the 400 handle lasted less than 60 seconds.....nice tweezers / rail-road tracks on 1 min. 61.8% retrace held the pull back, now it needs to get back above the 5m 34EMA (agua) to mount another attempt on the 400.....will ...

Cable Update (GBPUSD)

A fellow trader did a lot of research into EW ratios in cable, his results showed that the most accurate ratios to use for the 5th wave were based on Wave 3 - .618; .786 and 1.00. I used these based on W2 @ 1.9654; W3 @ 2.0205 and W4 @ 2.0054. I ...

Harmonic Wave Journal

5min continuation — Nice continuation entry on 5min off 200 EMA

Cable Update (GBPUSD)

4 hour chart, Wave 5 — First target just hit......now to see the action around the 2.0400 handle

Cable Update (GBPUSD)

Wave 5 targets — Working from your chart and wave count, I calculate the W 5 targets as: 2.0395 / 2.0488 / 2.0606....it looks as if´the first will be hit soon.

Harmonic Wave Journal

I think "another boring Monday" is the term.....the ranges in May for cable were 50, 65, 75 and 30 - but last week (June 4) it was 100. It seems that the average is now around 90 pips / day accross the week, so lets hope that we get at least that! ...

Harmonic Wave Journal

So far, I see the Low of 238.95 at 03:30 EDT and the High of 239.74 so far at 11:20 EDT

Daily GBP/JPY analysis

So far this morning - European time - the last H & L of the Asian session (239.50 & 238.97) have held and provided nice scalps, but its now looking as if it wants to break out to the upside....

Daily GBP/JPY analysis

So for this morning, you have 05:45, 11:45; 12:15 and 18:15 EDT as HSSH times (Here Something Should Happen) Are these daily times or just for today and might I ask how you´ve arrived at these times.....just observation, or something more esoteric?

Daily GBP/JPY analysis

That reminds me of some research I did a year ago on daily / weekly movements. More than 80% of the time the weekly highs/lows came on a Monday and Friday.

Cable Update (GBPUSD)

Right-on....looks like a 200 pip day for cable, not seen since early January image

Cable Update (GBPUSD)

LOL - isnt 300 down since yesterday morning sufficient? Very oversold IMO - just got +43 in the bounce off 239.00 - now San Miguel quality control time, so probably calling it a day.

Daily GBP/JPY analysis