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TOPIC: Gbp usd inside bare

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

Jackozy OFFLINE Senior Poster Posts: 896 Thank you received: 2325 Karma: 49	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 OFFLINE Senior Poster Posts: 896 Thank you received: 2325 Karma: 49	So they have. Hmmm...interesting!
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Gbp usd inside bare 29 Oct 2012 15:11 #3

KI OFFLINE Junior Boarder Posts: 106 Thank you received: 80 Karma: 2	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:

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

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

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 OFFLINE Junior Boarder Posts: 150 Thank you received: 101 Karma: 6	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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