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TOPIC: GBPUSD

GBPUSD hammer???? 04 Jan 2013 20:46 #151

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diver993 wrote:
Again this is one I'm not convinced has bottomed out: another that's looks like a wave iv on the hourly. I'm hoping to get in at sub 1.60 but may have missed the boat...and would target 1.65

theres a hammer forming on this so you may get your chance .
Obviously it has to finish the day as a hammer then look to go long when the price goes half way down the hammer with a stop just below the low of the hammer.That way good risk to reward.
only downside to this hammer is that its not a major support level its formed in. :angry:
again...its early days yet so it may not finish as a hammer :P




dyor
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Last Edit: 04 Jan 2013 20:46 by remo.
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GBPUSD shooting star 04 Jan 2013 19:54 #152

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Again this is one I'm not convinced has bottomed out: another that's looks like a wave iv on the hourly. I'm hoping to get in at sub 1.60 but may have missed the boat...and would target 1.65
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GBPUSD shooting star 04 Jan 2013 12:30 #153

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that was for the previous retracement and not for the new one.
forgot to take it of .
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GBPUSD shooting star 04 Jan 2013 11:41 #154

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Why do you put the 0% fib line at the top of the first shooting star rather than at the end of the tail of the second (larger) candle?
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GBPUSD shooting star 02 Jan 2013 22:24 #155

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This has a massive tail on this so i would look at it as a shooting star.
The entry level for me will be around the 16301 area with stops above 16380.
due to the size if this there is risk involved as you are gonna have an 80 point stop.


The last shooting star was very profitable so hopefully the same again if it triggers
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GBPUSD shooting star 02 Jan 2013 20:17 #156

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And here is another rejection or pin bar reversal at the same level. But it hasn't finished yet. Does it qualify as a shooting star?

clip2net.com/s/2Frdh

RMc
Last Edit: 02 Jan 2013 20:18 by Rossymc.
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GBPUSD shooting star 21 Dec 2012 12:27 #157

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This should be a free trade now as this has played out perfectly B)


dl.dropbox.com/u/4899609/gbpusd21stdec.png

See what i mean by shorting half way up a shooting star.
ill say this happens with most shooting star formations.
By doing it this way you have better risk to reward on the trade.
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Last Edit: 21 Dec 2012 12:29 by remo.
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GBPUSD shooting star 20 Dec 2012 08:29 #158

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Theres a nice shooting star right at major resistance on this one.so looks pretty good for a short.
The way i trade these are wait for the price to go half way up the shooting star then short with a stop above the shooting star.
The level im going short is 1.6273 stop is 40 points or above the shooting star (1.6306)
Ill be targeting the 23.6 fib first at 1.6195 first.
There 2 potential fib retracement set ups on this so be aware of them.



I missed the shorting chance yesterday from major resistance as was busy trading other pairs at the time and missed this one...dohhh :evil: ;)

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GBPUSD C&H ?? 19 Dec 2012 19:43 #159

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I do think Cable will break through sooner rather than later but did anyone else risk a short at 1.630 today?

I did but I'm not sure how low it will go. Any ideas anyone? Is the 38.2% Fib of the last rise at 1.612 a tad too far?

Thanks in advance...
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GBPUSD C&H ?? 19 Dec 2012 08:20 #160

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Maybe but it's not reallt got the classic form. It's also been in a sidewys trading range between 1.5250 and 1.6300 for a year and a half which suggests that whichever way it breaks there's plenty to be had - a break north gets your possible target:

GBPUSDdaily19_12_12.gif


dl.dropbox.com/u/20815047/GBPUSDdaily19_12_12.gif
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GBPUSD C&H ?? 18 Dec 2012 21:41 #161

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Does anyone see C&H forming here?
The target may be about 1.7200


Ftse80
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GBPUSD shooting star 07 Dec 2012 12:02 #162

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Good trade remo
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GBPUSD shooting star 06 Dec 2012 14:37 #163

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Watching this closely remo but the down trend on the bear flag could be broken


image_2012-12-06.jpg


Maybe a fakey just occurred after an inside bar on the 4hr


image_2012-12-06-2.jpg



Very balanced but a good move could come either way. So what is my position? Fishing but fancy a long on retest of downtrend line.
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GBPUSD shooting star 04 Dec 2012 21:53 #164

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Shooting star formed right at known resistance at the 61.8fib level



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GBPUSD barclays prediction for GBPUSD 15 Nov 2012 09:49 #165

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Jackozy wrote:
Cable now getting quite close to an important level with the uptrend support, horizontal support (wave 1 high?) and 50% retracement all converging:

GBPUSDdaily15_11_12.gif


I'll be going long at about 1.578 as long as the hourly looks set up for it.

Also looking at this level as wave 4 bottom. Will be analysing the 4hr price action though.

Rmc
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GBPUSD barclays prediction for GBPUSD 15 Nov 2012 09:36 #166

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Cable now getting quite close to an important level with the uptrend support, horizontal support (wave 1 high?) and 50% retracement all converging:

GBPUSDdaily15_11_12.gif


I'll be going long at about 1.578 as long as the hourly looks set up for it.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 10:32 #167

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Another way of looking at this is that 159.09 was the low of wave 4 with wave 5 up to come: dl.dropbox.com/u/20815047/USDGBPdaily26_10_12.gif

Note how the wave 3 top was close to the 161.8% extension of wave 1 per the discussion on the Elliott Wave thread. Also, 159.09 was just below the 38.2% Fib of the wave 3 move, just as expected from EWT.

Nice chart really.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 10:23 #168

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hi KI
Thats not my prediction...Its barclays.
If you look at that chart its basically saying the same thing in the short term as yourself. Its showing a rally to 165 then a correction.

This is the chart of the average of all the brokers. black being barclays and red being the average


barclayspredictionforgbpusd1.png



dl.dropbox.com/u/4899609/barclays%20pred...for%20gbpusd%201.png
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 09:37 #169

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Hi Remo, interesting forecast on cable. Subject to a report out from DeMark, which forecasted this week the S&P would peak at circa 1480 in the next couple of weeks. If this were to happen then cable could push on to 165.

From my point of view, the double top needs to get taken out with conviction @ 16308. The trading range on the daily sits at 15910 (low) 16308 (high. At present the price sits in the middle of these two (gamblers trade).

For the short term, a new HH needs to develop on the daily closing above 16177. Atpresent this is a pullback only and should be treated as such. KI.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 08:45 #170

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barclayspredictionforgbpusd.png



This is there prediction for the GBPUSD over the next few months.

Just showing you some of Eikons functionality

;) ;)
dyor
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Last Edit: 26 Oct 2012 08:47 by remo.
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GBPUSD 24 Oct 2012 19:41 #171

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61.8 fib 15912 too for an extra bit of hindsight.
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GBPUSD 24 Oct 2012 17:28 #172

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dl.dropbox.com/u/4899609/gbpusd24thoct.png

This is a classic example of a perfect entry.
This tested the breakout point perfectly then bounced.


gbpusd24thoct.png



and i missed it...dohhhh :( :( :( :(

just thought id show people what i look for



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