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06-26-2009, 11:03 AM
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Join Date: May 2009
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Well who knows what GBP/USD is doing. I've made my pips so Im out of the markets for now.
Enjoy the weekend!
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06-26-2009, 01:53 PM
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Join Date: Oct 2005
Posts: 487
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Here's how my cycle analysis matched up with the hourly chart this week.
Next week the week 2 graph will be used as the cycle completes every 28 days (4 weeks).
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06-26-2009, 10:30 PM
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Join Date: Sep 2007
Posts: 26
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cycle turns
My cable cycles are slightly differently defined in periods, taking a slightly longer view and seeing what I call half-cycle points. However, the period turns are close enough to weekly trading cycle turn points published here so there is no fundamental disagreement. I do, however, take strong note of the lunar changes and at present we are approaching the half-moon on 30th. I would expect to see a mid-cycle turn on this Tuesday-Wednesday in cable. It is also significant that cable has been contained since the Summer Solstice on June 21 (first trading day June 21/22). This does not rule out a break higher than 1.6030 but if in the period from June 4/5 to June 28/29 it has remained contained, as it has, then I would be cautious about cable continuing its run in the upcoming cycle (or as I would see it half-cycle) period. The full moon due on July 7 could well mark a change and I would further expect cable to fall during July 15-22 lunar period as July 20 would be my cycle low period, within a day or two either side.
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06-26-2009, 10:52 PM
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Join Date: Jan 2009
Posts: 157
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Well your solstice analysis is ok, and news, events tra lala is good as well. Tech's always seem to work, whatever the weather. Here's a chart, not my assumption.
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06-28-2009, 09:21 AM
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Join Date: Dec 2008
Posts: 175
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Quote:
Originally Posted by terton
My cable cycles are slightly differently defined in periods, taking a slightly longer view and seeing what I call half-cycle points. However, the period turns are close enough to weekly trading cycle turn points published here so there is no fundamental disagreement. I do, however, take strong note of the lunar changes and at present we are approaching the half-moon on 30th. I would expect to see a mid-cycle turn on this Tuesday-Wednesday in cable. It is also significant that cable has been contained since the Summer Solstice on June 21 (first trading day June 21/22). This does not rule out a break higher than 1.6030 but if in the period from June 4/5 to June 28/29 it has remained contained, as it has, then I would be cautious about cable continuing its run in the upcoming cycle (or as I would see it half-cycle) period. The full moon due on July 7 could well mark a change and I would further expect cable to fall during July 15-22 lunar period as July 20 would be my cycle low period, within a day or two either side.
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It appears you combine elements of astronomy with trading. How does that come about? Have you been able to observe direct correlation there?
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06-28-2009, 07:12 PM
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Join Date: Mar 2009
Posts: 196
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My trade levels
1,6607 - 1,664 - 1,6678 - 1,6711 - 1,675
1,6535
1,6504 - 1,646 - 1,6419 - 1,6402 - 1,6348
S + R = $$$
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06-29-2009, 06:14 AM
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Registered User
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Join Date: May 2009
Posts: 3
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Quote:
Originally Posted by terton
I do, however, take strong note of the lunar changes and at present we are approaching the half-moon on 30th. I would expect to see a mid-cycle turn on this Tuesday-Wednesday in cable. It is also significant that cable has been contained since the Summer Solstice on June 21 (first trading day June 21/22)......
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I have gazed into my crystal ball but it was all misted up again.
The wife sacrificed another dove last night but it's entrails were not very legible.
The Delphic oracle is not currently returning telephone calls.
The tea leaves this morning however did form a readable pattern.
Unfortunatley it just said, "Dunno"
;o) |
06-29-2009, 07:41 AM
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Moderator
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Join Date: Oct 2003
Posts: 153
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Looking to Sell GBP/USD @1.6670 on Monday
The market has been confined to a multi-day consolidation with rallies towards 1.6600 well capped and drops to the 1.6200 area very well supported. Currently, price action shows a desire to retest the range highs over the coming session, with the potential for a break to fresh 2009 highs beyond 1.6665. However, we do not see gains extending much beyond the 1.6665 level, on the expectation that the market will continue to chop around and fail just after exceeding the current trend high. Look for stops to be cleared just over 1.6665 before a sharp pullback into the well defined range. Strategy: SELL @1.6670 FOR AN OPEN OBJECTIVE, STOP @1.6820. Recommendation to be removed if not triggered by NY close (5pm ET) on Monday.
All my best,
Joel
Quote:
Originally Posted by herman sucipto
My trade levels
1,6607 - 1,664 - 1,6678 - 1,6711 - 1,675
1,6535
1,6504 - 1,646 - 1,6419 - 1,6402 - 1,6348
S + R = $$$
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06-29-2009, 08:24 AM
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Join Date: Jun 2009
Posts: 2
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GBPUSD TECHNICAL ANALYSIS
GBPUSD TECHNICAL ANALYSIS
Current rate : 1.6527
Trading biais: Bullish
Screen daily: 2009-06-29_1200
The consolidative nature of price actions from 1.6617 argues that more upside would be seen. Break of 1.6617 will suggest rise from 1.5801 is resuming for 61.8% projection of 1.4395 to 1.6661 from 1.5801 at 1.7203. But in such case, upside momentum is expected to diminish as GBP/USD approaches this level and finally bring reversal. On the downside, below 1.6185 will flip intraday bias back to the downside for 1.5801 support instead and will revive the possibility that GBP/USD has already topped out. |
06-29-2009, 08:59 AM
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Join Date: Oct 2005
Posts: 487
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I look for gbpusd price to roll over in the next few hours making the #2 high.
This week gbpusd cycle analysis is using week #2 solution.
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06-29-2009, 09:07 AM
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Join Date: Oct 2005
Posts: 487
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Quote:
Originally Posted by 4xis2ez
I look for gbpusd price to roll over in the next few hours making the #2 high.
This week gbpusd cycle analysis is using week #2 solution.
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Looks like the rollover started while I was preparing my last post!
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06-29-2009, 09:26 AM
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Join Date: Jan 2008
Posts: 421
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Quote:
Originally Posted by 4xis2ez
Looks like the rollover started while I was preparing my last post!
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great call on #1.
lets see how #2 work. its tough when there is 4hrs range
to know if the pair will shoot up to 16665 & even break
higher before reach #2 & come down though...hmmm
cheers, panda eyes |
06-29-2009, 12:45 PM
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Join Date: Oct 2005
Posts: 487
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Bernie Madoff got 150 year sentence.
There was a trader that posted a lot on Moneytec.com forum who started managing other peoples money, but his account was at Refco and then they went bust. I wonder what all become of that Refco fiasco.
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06-29-2009, 01:02 PM
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turn or not turn
Quote:
Originally Posted by 4xis2ez
Bernie Madoff got 150 year sentence.
There was a trader that posted a lot on Moneytec.com forum who started managing other peoples money, but his account was at Refco and then they went bust. I wonder what all become of that Refco fiasco.
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the #2 doesnt seem working too well..4hrs still not really want to turn down.
what do u think? |
06-29-2009, 02:32 PM
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Join Date: Oct 2005
Posts: 487
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Quote:
Originally Posted by Panda Eyes
the #2 doesnt seem working too well..4hrs still not really want to turn down.
what do u think?
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The 2 high has been made. The thing is that the move to the 3 low is very minimal. It appears the market is getting ready to shoot higher. My short trade will likely be a loser, but could be made up and more by the up move to the 4 high.
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