GBP/USD

[>Apocalypto<]

Re: GBPUSD

Hi Kauri. I just started learning about forex trading. Are you able to explain your charts? Is your analysis based on Gann Analysis, Fibonnaci?

Hi Chan I can reply on this one for Kauri.

Kauri is using Elliot Wave.

 

[reece55]

Re: GBPUSD

Potential little earner here for those with the nerve to take it......

Nice inverted head and shoulders pattern present, with an unbelievable target of 2.135...... It has the added benefit of being an interest bearing trade (albeit a small interest bearing trade), but never the less adds weight the potential position.....

Kauri, Jo, any EW or other analysis to validate/invalidate the potential pattern??

Cheers
Reece

 

[Kauri]

Re: GBPUSD

Hi Reece,
I'm in two E/W minds (at least ) over the cable at the moment, someone more versed in the dark arcane arts may have a clearer outlook. H+S potential looks good though, will pencil it in on my charts and watch it.. thanks for posting it..
Cheers
..........Kauri

 

[Kauri]

Re: GBPUSD

Cable seems to be turning at a typical W3 point...both price and timewise..
Cheers
........Kauri

 

[ithatheekret]

Re: GBPUSD

For those interested ..... GBP has just hit 2.05499 line , both last rallies started from there , just closed out all my shorts on the GBP


now watch it go way past there ........... okay I'm chicken

 

[Kauri]

Re: GBPUSD

Cable seems to be turning at a typical W3 point...both price and timewise..
Cheers
........Kauri

and now at typical W4 point???
Cheers
.........Kauri

 

[ithatheekret]

Re: GBPUSD

Not so chicken as to not go long for a squizzy , went past the waypoint by a tad , but they seem to have got the fuse lit now

 

[ithatheekret]

Re: GBPUSD

............ and there's a big swinging dk lurking out there too , must go search for footprints . But it's certainly revved up quickly . The BSD must have a ceiling area too .

 

[ithatheekret]

Re: GBPUSD

I don't think it suppose to be that easy to trade peaks , currently short again , but I managed to set reversals twice on three peaks .

 

[Kauri]

Re: GBPUSD

big call... but then again no-one will remember it in 15 months... unless of course if they get it right, and then they will remind us..i spades
Cheers
..........Kauri

A UK clearer predicts that GBP/USD will fall to 1.7600 over the next 15 months (Daily Telegraph, B1). Cable was last at 1.7600 in April 2006. "The most dangerous scenario for the UK is slowing US and EZ economies that hit the UK services sector, coupled with lower oil prices and lower UK interest rates", according to the chief currency strategist at the UK clearer.

 

[ithatheekret]

Re: GBPUSD

I got a news alert pop up on the BoE minutes , didn't even read it , just started pressing sell

That was at 2.0047's , I just reacted to what I knew was coming ........

I entered the Euro too early and had to master my way out of that , $180 pretty good hey ........ not if you knew the position size

So they may have a few rate cuts ahead on Cable .

Come on Kauri fess up mate , you were jumping on the sell button .

I'm contemplating another round as it closes in on 190's , 184 the best shot this arvo for me and missed it by ( -- ) much .

 

[Kauri]

Re: GBPUSD

I got a news alert pop up on the BoE minutes , didn't even read it , just started pressing sell

That was at 2.0047's , I just reacted to what I knew was coming ........

I entered the Euro too early and had to master my way out of that , $180 pretty good hey ........ not if you knew the position size

So they may have a few rate cuts ahead on Cable .

Come on Kauri fess up mate , you were jumping on the sell button .

I'm contemplating another round as it closes in on 190's , 184 the best shot this arvo for me and missed it by ( -- ) much .

Hi ithatheekret,
Ive been on the sell side for a whiles now... looking for the big 195...
that would give c=162%of a and co-incidentally W3 of 162% as well..
Cheers
.........Kauri

 

[ithatheekret]

Re: GBPUSD

: : : : :

That 199.3 area looks like its stalling , a failure there would see 198's down to 197.4/5's in with a chance .

It's my fixation for present ........

Would probably slow a British tourist invasion on some shores too , except the cricket of course .............

 

[Kauri]

Re: GBPUSD

That 199.3 area looks like its stalling , a failure there would see 198's down to 197.4/5's in with a chance .

It's my fixation for present ........

Would probably slow a British tourist invasion on some shores too , except the cricket of course .............

My Vindicators are hinting at a consolidation/pause, for a whiles... but .....
Cheers
..........Kauri

 

[ithatheekret]

Re: GBPUSD

Hmmm .... yup made it into the 198's : someone grabbed the rail at 199.00 , I got em ( joke ) nearly hit buy .

pause ? ........ are cucumber sandwiches and tea coming ?

 

[ithatheekret]

Re: GBPUSD

might stall a little around 198.80ish on covering .........

perhaps a predatory bounce .........

 

[Kauri]

Re: GBPUSD

Hmmm .... yup made it into the 198's : someone grabbed the rail at 199.00 , I got em ( joke ) nearly hit buy .

pause ? ........ are cucumber sandwiches and tea coming ?

Drambuie and Dills for me...
No obvious near-term expiries at the moment so shouldn't be any serious defence...
Cheers
..........Kauri

 

[ithatheekret]

Re: GBPUSD

I pounced on that 199.04 area nice 15 min roll and ...... kaaaching ..........

still have the openers though

 

[ithatheekret]

Re: GBPUSD

If 198.80 fails , I'd be incline to call the last moves a DDCB . This will be interesting , come on gravity ............

 

[ithatheekret]

Re: GBPUSD

Yep 198.80 dropped like a rock , seen 198.3's so far .