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TOPIC: Gbp usd inside bare

Gbp usd inside bare 30 Oct 2012 09:01 #1

  • Jackozy
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D'oh! Missed my long entry by 0.0002....time to move on!
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Gbp usd inside bare 29 Oct 2012 15:30 #2

  • Jackozy
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So they have. Hmmm...interesting!
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Gbp usd inside bare 29 Oct 2012 15:11 #3

  • KI
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Jackozy, look at your chart from the start of the run down from the top, all four main pullbacks have gone back and reversed at the 23.6% (using my method) Bear fibbo. KI.
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Gbp usd inside bare 29 Oct 2012 13:37 #4

  • Jackozy
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Hi Rossy,

I took the short at the trendline after consideration when I posted this on Thursday:


USDGBPdaily25_10_12.gif



dl.dropbox.com/u/20815047/USDGBPdaily25_10_12.gif

I've since added a wave count to the chart as follows:


USDGBPdaily29_10_12.gif


dl.dropbox.com/u/20815047/USDGBPdaily29_10_12.gif

I think it's bullish and due a wave 5 up so I'll be looking to go long at the 61.8% Fib of the last rise up from the trendline support which is also the round number support of 1.60 with a stop below the 1.597 support.
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Gbp usd inside bare 29 Oct 2012 13:17 #5

  • Rossymc
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Anyone short on this today?

I know the trend line was hit Friday but it also provided an inside bar?
No chart due to iPhone. 21sma down, low 16080 Friday.

Gl RMc
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