Discuss the GBP/USD with a DailyFX Analyst - Page 590 - DailyFX Forex Forum

Panda Eyes · #**8836** (**permalink**) 06-17-2009, 06:35 AM

Quote:

Originally Posted by 4xis2ez

Here's how my cycles have worked out so far this week. Its done pretty good. The turn points in the solution are averages based on comparing historical charts, so the actual timing of turn points could be early or late. I should be trading every turn point rather than try to pick which turn points to trade.

may i ask now is ny what time?
mine here is asia 735pm.

tks...panda eyes

Krismitt · #**8837** (**permalink**) 06-17-2009, 06:44 AM

Quote:

Originally Posted by Panda Eyes

may i ask now is ny what time?
mine here is asia 735pm.

tks...panda eyes

7:45AM WEDNESDAY

4xis2ez · #**8838** (**permalink**) 06-17-2009, 07:33 AM

Quote:

Originally Posted by speculator84

For solving the solution? 4 weeks? 5 weeks? when you stack them together...

I used 7 series of historical charts to compare. I'll post the chart here.

This is for week 4, this weeks solution.

bob92588 · #**8839** (**permalink**) 06-17-2009, 07:56 AM

thanks for all the info

4xis2ez · #**8840** (**permalink**) 06-17-2009, 08:44 AM

I added 12 noon marks to the solution here so that it is easier to see the turn point time in relation to the lines. The vertical dashes are 12 noon New York time.

insider26 · #**8841** (**permalink**) 06-17-2009, 09:21 AM

Quote:

Originally Posted by F F

I'm hoping the other way

Sterling extends losses as BoE puts QE to use and buys 5-10 yr guilts and S&drops below its 100-day MA. FTSE-100 already dropped below its 200-day MA of 4289. my target is $1.6170 in the next few hours

Krismitt · #**8842** (**permalink**) 06-17-2009, 09:27 AM

Quote:

Originally Posted by 4xis2ez

I added 12 noon marks to the solution here so that it is easier to see the turn point time in relation to the lines. The vertical dashes are 12 noon New York time.

A very useful addition 4X.

Thanks.

4xis2ez · #**8843** (**permalink**) 06-17-2009, 11:35 AM

On this post, I am posting the full solutions for each week as I have them on paper. I printed the historical charts and did the solution by pencil, and scanned to the computer. This is so everyone that is interested can have all the data that I have and you can see how its done and if you want additional pairs to get solutions to, you know how you can do it.

The week of June 21, 2009 is the #1 week. Starting from there, you can determine which week each solution belongs to. The cycle repeats every 4 weeks.

Hope this helps everyone who uses it.

4xis2ez · #**8844** (**permalink**) 06-17-2009, 12:45 PM

Nearing the #10 high. I may take a short trade.

Panda Eyes · #**8845** (**permalink**) 06-17-2009, 01:02 PM

Quote:

Originally Posted by 4xis2ez

Nearing the #10 high. I may take a short trade.

hi.
hv been following & studying yr system.
its v fascinating, although i dont quite understand yet, haha.
will appreciate if can give us a buzz when u ready to short in near term.

tks. panda eyes

Marc_Hav · #**8846** (**permalink**) 06-17-2009, 01:24 PM

omg... this was not what I expected...

4xis2ez · #**8847** (**permalink**) 06-17-2009, 01:33 PM

Quote:

Originally Posted by Panda Eyes

hi.
hv been following & studying yr system.
its v fascinating, although i dont quite understand yet, haha.
will appreciate if can give us a buzz when u ready to short in near term.

tks. panda eyes

Actually, this rally over the past hour has me thinking that a longer term bottom has been made. I mean longer term as in a bottom that will produce a move higher for the next 4 or 5 days. I think I will not short now but look to go long rather at the #11 low which is due in about 6 to 9 hours (9pm to 1am or so).

Added: I bet 1.6450 is the 10 high, but I am not going to trade short now.

Panda Eyes · #**8848** (**permalink**) 06-17-2009, 01:43 PM

Quote:

Originally Posted by 4xis2ez

Actually, this rally over the past hour has me thinking that a longer term bottom has been made. I mean longer term as in a bottom that will produce a move higher for the next 4 or 5 days. I think I will not short now but look to go long rather at the #11 low which is due in about 6 to 9 hours (9pm to 1am or so).

hey tks inform.
i hv bought the gbp earlier as i saw 16210 db, then 16260& 16300 hold.
but mkt doesnt seem there is firm direction of seen top nor seen bottom yet.
moreover, eur broke 13930 near term top is ard 14000 which is gd to sell?

anyway look forward to yr 6to9hrs time of buy later.

panda eyes

4xis2ez · #**8849** (**permalink**) 06-17-2009, 01:46 PM

Quote:

Originally Posted by Panda Eyes

hey tks inform.
i hv bought the gbp earlier as i saw 16210 db, then 16260& 16300 hold.
but mkt doesnt seem there is firm direction of seen top nor seen bottom yet.
moreover, eur broke 13930 near term top is ard 14000 which is gd to sell?

anyway look forward to yr 6to9hrs time of buy later.

panda eyes

Look for a dip on 5 or 15 minute charts and look for the start of an up move about the time when the 11 low is due. The 11 low could be early.

F F · #**8850** (**permalink**) 06-17-2009, 02:25 PM

Quote:

Originally Posted by insider26

Sterling extends losses as BoE puts QE to use and buys 5-10 yr guilts and S&drops below its 100-day MA. FTSE-100 already dropped below its 200-day MA of 4289. my target is $1.6170 in the next few hours

As I said previously I have been bullish GBP for a long while (since March) so perhaps we are trading different time frames........

Anyway it is 03.22 (Asia) and 15.22 US as I write. GBP is back up to 1.641.......there was a dip (caused by the fundies as I said earlier) but I consider this to be a blip in the longer term cycle.

I have been out all evening but just quickly checked my hourly and daily charts.........still looks bullish to me. Today's candle has not closed out yet but it should be a higher low...

Conclusion you must be a scalper?

Cheers,

Fred