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TOPIC: GBPUSD

GBPUSD 04 Feb 2015 10:33 #101

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keep an eye out for a 123 low breakout..
trendline is near by as well


dl.dropboxusercontent.com/u/4899609/gbpusd4thfeb2015.png
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GBPUSD 19 Jan 2015 11:37 #102

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Possible 123 low formation??
This is one to watch over the next few days as a break out could send this to test main down trend which has been in play since july 2014 and a break of this could signal a possible change in trend.
So one to watch . Obviously you cant pre-empt the trade.Early signal would be the 123 low breakout and then place the stops below the 2 point.


dl.dropboxusercontent.com/u/4899609/gbpusd19thjan2015.png
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GBPUSD 19 Dec 2014 12:11 #103

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your DOW trade wasn't though :woohoo:
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GBPUSD 19 Dec 2014 11:26 #104

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this trade was a losing trade :angry: :angry: :angry:
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GBPUSD 16 Dec 2014 17:29 #105

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im long on this now. Stops are below the 2 point which is at 155999 so roughly 150 points away.


dl.dropboxusercontent.com/u/4899609/gbpusd16thdec2014.png
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GBPUSD 15 Dec 2014 12:22 #106

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still watching this :cheer: :cheer:
this is at the 61.8 fib area and possible 123 low forming on this right near the down trend line.So if a 123 low breakout comes it could be powerful as that would be a trend line break as well and could signal a change in trend.


dl.dropboxusercontent.com/u/4899609/gbpusd15thdec2014.png
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GBPUSD 27 Oct 2014 12:57 #107

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One to watch,,,,possible 123 low formation and its at the point of the break of the main current down trend line as well so could signal an advance of the pound against the dollar. so keep an eye on this over the next few days or put in a market order with 40 pips stops.


dl.dropboxusercontent.com/u/4899609/gbpusd27thoct2014.png
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GBPUSD 16 Oct 2014 18:17 #108

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Cautious Long @1.6078 as its near an oblique resistance which sits at 1.6127

SL of 40 points


image_2014-10-16.jpg
dyor
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GBPUSD 11 Sep 2014 14:15 #109

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Hi TF

Mind the Gap - Resistance at 1.6283

I cant see the Gap on your advfn chart!!

this could be just be a gap fill bounce
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GBPUSD 11 Sep 2014 14:05 #110

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Long on the RSI breakout.
uk.advfn.com/p.php?pid=chartscreenshotsh...D&symbol=FX%5EGBPUSD

Target, 1.64, 20 day ema area.
Stop below today low for now, will move to break even pretty quickly! ;)
Regards,
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GBPUSD 25 Jul 2014 10:16 #111

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Possible short as the trend line has been breached. Ive got a 25 point stop on this just incase.


dl.dropboxusercontent.com/u/4899609/gbpusd25thjuly2014.png
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GBPUSD 09 May 2014 13:42 #112

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Worth a long on first attempt of 16823 with a 40 point stop for today only.


dl.dropboxusercontent.com/u/4899609/usdgbp9thmay2014.png
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GBPUSD 28 Nov 2013 23:39 #113

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Nice move on this since it broke out of the symmetrical triangle...
Its actually finished above a bigger triangle as well now.


dl.dropboxusercontent.com/u/4899609/gbpusd28thnov.png
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GBPUSD 22 Nov 2013 11:09 #114

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This looks like its broken out of the flag pattern??




dl.dropboxusercontent.com/u/4899609/gbpusd22ndnov.png

flags are continuation patterns so the prior trend is up so imply possible higher prices...stops are a must
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Last Edit: 22 Nov 2013 11:11 by remo.
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GBPUSD 21 Nov 2013 21:40 #115

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Approaching the top of the channel
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GBPUSD 01 Nov 2013 13:17 #116

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Cable Double Top
Short @ 1.59645
SL 80 points
GBPUSD.jpg
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GBPUSD 30 Sep 2013 21:06 #117

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This is nearing a strong resistance level.The level to watch out for is 1.6353.
This level is the top of a massive symmetrical triangle and near the Horizontal resistance at 1.6380.
So stops would have to be above 1.6400 if you short this at 1.6353 ;) ;)
This will be based on a first attempt only.


dl.dropboxusercontent.com/u/4899609/usdgbp30thsept.png

So one to keep an eye out for the coming week. :cheer:


dl.dropboxusercontent.com/u/4899609/usdgbp30thsept1.png
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remo
Last Edit: 30 Sep 2013 21:08 by remo.
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GBPUSD 18 Sep 2013 10:09 #118

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im going to short this at 1.610 on a first attempt basis trade. This is the top of the channel and there is also a horizontal resistance at 1.600. Only going to short this on a first attempt basis trade so will look to close this quickly. Im using a 40 point stop. ;)
This is also a psychological level as well :P

dl.dropboxusercontent.com/u/4899609/gbpusd18thsept.png
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Last Edit: 18 Sep 2013 10:10 by remo.
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GBPUSD 09 Sep 2013 09:49 #119

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Closed half @ 1.56651
SL moved to below todays low for the rest 1.56188
h06c2616.JPG
dyor
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GBPUSD 06 Sep 2013 00:37 #120

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Cheers mate & keep them coming...every post on here has something useful...like tescos slogan - Every Little Helps! :)

I got a bit worried about my cable position when I looked at EUR/USD chart on your CS TA, might open a short on EUR/USD tomorrow to cover my cable Long! :woohoo:
dyor
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GBPUSD 05 Sep 2013 23:31 #121

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Hey RC,

You are the rest of CV are welcome of course; if the good folks are interested in the institutional notes, I'll keep on sourcing them and posting them!

CS do the lot one would think, but the main indices T/A is from UBS. I've managed to get hold a Metals PDF somewhere (along with Commerzbank) and few others...

I'll post of few more tonight / tomorrow hopefully!

I have lots of respect for your calls, but regarding cable, I need you to be wrong simply because I have physical dollars (Salary!) that I need to convert to sterling!

After that, I hope the up-trend continues! :lol:

Damn currencies!!!! :evil:
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GBPUSD 05 Sep 2013 21:05 #122

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Libero,

I have compared Credit Suisse's & JP Morgan's style of TA ( both of which you have kindly posted over here :) so many thanks)

CS's TA is based mainly on S&R and chart pattern's (triangles etc) & JP's TA mainly on EWT & fibs.

I have to agree CS clearly is a winner here ( I don't normally pay attention to Instutional TA but after your post about GBPUSD got curious and studied all the forex charts on CS TA)

Out of 7, I agree with 5 of their recommendations/trade positions.

Only disagree with AUDUSD & GBPUSD (as the former is finishing a downtrend so wouldn't want to look at short positions and the later is in an established uptrend so wouldn't want to go against the trend - HH & HLs and all that ) but may be they are right on those two as well - only time will tell!

Does CS only do Forex TA or do they do stocks & indices as well??
dyor
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GBPUSD 05 Sep 2013 15:16 #123

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RC,

You've got a very sharp eye (as usual!). Credit Suisse's chart drew the same line as your good self:



They say: Above 1.5638 can open the door to a fresh look at the 1.5718/1.5752 highs.

Their 'Strategy': Short, stop above 1.5638, for 1.5126/06.


(Full details of this can be found in the Institutional Technical Analysis thread - along with 7 fresh forex views).
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GBPUSD 05 Sep 2013 15:10 #124

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I am Long from 1.56255
SL is below yesterday's low of 1.55549

h27bfa61.JPG
dyor
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GBPUSD 05 Sep 2013 14:34 #125

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Nomura's point of view is:

GBPUSD – uptrend intact above critical support at 1.5515

Daily and Hourly charts attached.
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GBPUSD 15 Aug 2013 10:29 #126

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at last , we seem to be willing to attack the next level up.
My Daily indicator still shows bullishness, though there is a big swing to the left to get over, which could be problematic.

h0091b87.png


1.600 on the daily/weekly charts look possible though nothing is guaranteed.

hed21259.png
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GBPUSD 15 Aug 2013 10:09 #127

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this is a weekly view ........will it get there ?

dl.dropboxusercontent.com/u/40497882/gbp_usd_Aug%20weekly.JPG


hf183e3e.JPG



dyor.

WS
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GBPUSD 15 Aug 2013 08:39 #128

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2nd swing target hit ..... patience sometimes is a virtue..., taken some off here and the rest will run as freebies with all locked in with stops... will it break out here ? :evil:

dl.dropboxusercontent.com/u/40497882/gbp_usd_4hr%20swing.JPG



hd77ff9a.JPG


WS


WaveSurfer wrote:
1st target hit


gbp_usd_4hr_26thJuly.JPG


dl.dropboxusercontent.com/u/40497882/gbp..._4hr_26th%20July.JPG

WaveSurfer wrote:
Diver - nice charts and agree from a longer terms perspective on bearish stance..

although in the short term been playing this and posted on chat earlier in the week.....need a break n hold abv 15282, notice the projected move should this play out and it just may kiss the broken TL.. ;)

original chart posted:

gbp_usd4hr.JPG


dl.dropboxusercontent.com/u/40497882/gbp_usd4hr.JPG

and now....

gbp_usd_4hr_20thJuly.JPG


dl.dropboxusercontent.com/u/40497882/gbp..._4hr_20th%20July.JPG

rgds WS
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GBPUSD 11 Aug 2013 06:48 #129

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dl.dropboxusercontent.com/u/7238706/CableDaily.png

Having broken out of the triangle in early February this looks like continuing it's downward path. Interestingly this has taken to hitting the 76.4% fib of late so I'm expecting 1.5574 maybe the high for the present: it's certainly in the resistance target area. What I am currently labeling wave C, which is open to translation, should end either at 1.4795 or 1.4203, obviously with a few ups and downs in between.

For info the weekly chart looks like this.....



dl.dropboxusercontent.com/u/7238706/CableWkly.png
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GBPUSD 09 Aug 2013 08:40 #130

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after a choppy week due to news, i'm reentering around here.
this is a daily chart, so looking for a longer run now.
2013_08_09_gbpusd_d1.png
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GBPUSD 26 Jul 2013 09:52 #131

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1st target hit


gbp_usd_4hr_26thJuly.JPG


dl.dropboxusercontent.com/u/40497882/gbp..._4hr_26th%20July.JPG

WaveSurfer wrote:
Diver - nice charts and agree from a longer terms perspective on bearish stance..

although in the short term been playing this and posted on chat earlier in the week.....need a break n hold abv 15282, notice the projected move should this play out and it just may kiss the broken TL.. ;)

original chart posted:

gbp_usd4hr.JPG


dl.dropboxusercontent.com/u/40497882/gbp_usd4hr.JPG

and now....

gbp_usd_4hr_20thJuly.JPG


dl.dropboxusercontent.com/u/40497882/gbp..._4hr_20th%20July.JPG

rgds WS
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GBPUSD 25 Jul 2013 11:48 #132

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This one was close to bailing me out earlier... :ohmy: But now has dropped nicely :P :P
This should be a free trade now.


dl.dropboxusercontent.com/u/4899609/gbpusd25thjuly.png
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GBPUSD 24 Jul 2013 20:07 #133

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This one hit the 61.8 fib perfectly then moved lower.
Im short on this currently and my stop is above the 61.8 fib area.
If this finishes below yesterday low (1.5325) then i can see this heading back down.


dl.dropboxusercontent.com/u/4899609/gbpusd24thjuly.png
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GBPUSD 20 Jul 2013 11:28 #134

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Diver - nice charts and agree from a longer terms perspective on bearish stance..

although in the short term been playing this and posted on chat earlier in the week.....need a break n hold abv 15282, notice the projected move should this play out and it just may kiss the broken TL.. ;)

original chart posted:

gbp_usd4hr.JPG


dl.dropboxusercontent.com/u/40497882/gbp_usd4hr.JPG

and now....

gbp_usd_4hr_20thJuly.JPG


dl.dropboxusercontent.com/u/40497882/gbp..._4hr_20th%20July.JPG

rgds WS
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GBPUSD 20 Jul 2013 10:41 #135

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dl.dropboxusercontent.com/u/7238706/USD%20SpotWkly.png

Having broken a triangle going back 4 years in February last this continues to look bearish.



dl.dropboxusercontent.com/u/7238706/USD%20SpotDaily.png

Closer in, the daily......
Obviously this could go two ways but, the bearish version looks like this. The price is currently bang on resistance so I'm expecting a small retrace - though it could just turn from here - before continuing the push up towards the 61.8%fib at 1.5394. Then we turn down and head to 1.4203, and possibly lower.

At last I seem to have found a combination which allows me to see candlesticks with ease. Being colour blind you would think I would have discovered black and white well before now :blush: :oops:
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GBPUSD 05 Jul 2013 10:43 #136

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Still Falling... 1.490x might be the next support point.

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GBPUSD 04 Jul 2013 14:17 #137

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Jackozy wrote:
Scratch that - already been taken out!

It was tempting Jackozy, but the move downwards is too violent right now!

I *might* go long at 1.5000 if the oppertunity and technicals are confirmed. What I don't want to do is get caught out on a classic "counter-retail" trade; i.e. because it has bounced around that level, I'd assume it will do that again and Bam! it will fall right through :woohoo:

Still watching it closely!

Good luck!
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GBPUSD 04 Jul 2013 13:38 #138

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Scratch that - already been taken out!
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GBPUSD 04 Jul 2013 13:33 #139

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Actually it's bang on the trendline now and if it bounces here then it'll have a double bullish RSI divergence on the 4H chart.

Sorry, not done the screenshot yet as just got in. Worth a long at this level though (1.590 as I type) but don't forget your stops.
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GBPUSD 04 Jul 2013 12:11 #140

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Libero wrote:
remo wrote:
Gutted as was waiting for this to hit that trend line at 1.5089...
oh well have to wait again. :silly: :silly:

If this is a geniune Cable rally, then hang back for the 50% retracement, and hop back in again.

OK, I'd hold that thought! FX didn't like the BoE news clearly!



It is falling past 1.5149 which seemed like a decent support level; early doors, but this could fall to 1.5000 next.

I'll be watching!
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GBPUSD 03 Jul 2013 14:28 #141

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remo wrote:
Gutted as was waiting for this to hit that trend line at 1.5089...
oh well have to wait again. :silly: :silly:

If this is a geniune Cable rally, then hang back for the 50% retracement, and hop back in again.
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GBPUSD 03 Jul 2013 13:01 #142

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Gutted as was waiting for this to hit that trend line at 1.5089...
oh well have to wait again. :silly: :silly:
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GBPUSD 03 Jul 2013 11:30 #143

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Engulfing Pattern at play perhaps?

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GBPUSD 25 Jun 2013 15:28 #144

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possible yes, that will also tie in nicely with market completing a major 3 by Aug/Sept just in time for the pre Autumn dump & german elections... ;)

remember this is a daily chart - you can run short and long on smaller time frames...

key is to focus on the Fib prices at point D and then time, but before then 15900 area.

its no coincidence that this pattern is direct result of Fibonacci ratio's of 1.61, .886 & .50, just got to see if it plays out, usually these are quite reliable...

cheers WS
Last Edit: 25 Jun 2013 15:47 by WaveSurfer.
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GBPUSD 25 Jun 2013 15:16 #145

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WaveSurfer wrote:
The long is tradeable setup - but we have a bearish Harmonic in play..... see the BAT ?

this is on the daily chart and when the move occurs it will be extremely strong. similar pattern evolving on eur/usd.

so short term bullish - long term bearish. just something to monitor

dyor

GBP_USD_Daily_Harmonic.JPG

Wavesurfer,

If you are expecting / anticipating (with TA probability!) that Cable will reach point D, then are saying GBP is bullish until around september?

3 months is a REALLY long term for a forex trader man! :cheer:
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GBPUSD 25 Jun 2013 11:34 #146

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The long is tradeable setup - but we have a bearish Harmonic in play..... see the BAT ?

this is on the daily chart and when the move occurs it will be extremely strong. similar pattern evolving on eur/usd.

so short term bullish - long term bearish. just something to monitor

dyor

dl.dropboxusercontent.com/u/40497882/GBP_USD_Daily_Harmonic.JPG

GBP_USD_Daily_Harmonic.JPG
Last Edit: 25 Jun 2013 11:35 by WaveSurfer.
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GBPUSD 21 Jun 2013 11:00 #147

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Im gonna go long from half way down hammer(1.5465 ) with stops below
Hopefully this may resume the up trend .???

dl.dropboxusercontent.com/u/4899609/usdgbp21stjune.png
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remo
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GBPUSD 05 Jun 2013 17:05 #148

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im looking to short on a first attempt basis at the down trend line.(1.5421) with a 40 point stop.
This is for today as the trend line changes every day.


dl.dropboxusercontent.com/u/4899609/gbpusd5thjune.png
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remo
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GBPUSD 03 Jun 2013 17:00 #149

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123 low are more important after a continued down trend with prices going lower. Like the example i showed on the audusd.
You can see how the 123 low played its part in this currency back in march after a long down move.
It can be used for shorter time spans as well as it can signal the short term trend reversal..
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GBPUSD 03 Jun 2013 16:20 #150

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Is a 1-2-3 Playing out here? Or at the very least, a decent reversal.



Expert opinions welcome :)



Disclosure: I'm in from 1.52599 (about to unload, content with 1.53600, anything above is fish 'n' chip money :P ).
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