Discuss the GBP/USD with a DailyFX Analyst - Page 818

KP FX Trader · #**12256** (**permalink**) 11-06-2009, 12:14 PM

Hello my Delta wave counting friends,

It seems a trend line and fibs on the weekly chart get us to where it seems you are speculating with Delta counts.

Jan. 1st 2010, 1.80's.......

MrWilson · #**12257** (**permalink**) 11-06-2009, 12:18 PM

Here something different.... ( i've used john's numbers to make it easier)

Point 16 (MC4) coming in early with the point 2 ( MC5 ) in march.

Would allow for the inv 18 into the LTD 3... ( points like to invert into higher fames)
Closing GBP chart....

fazi · #**12258** (**permalink**) 11-06-2009, 12:19 PM

Quote:

Originally Posted by JohnG_FX

If it's not in already on LTD 17 - which it could be at this stage

John - is it neccesary for cable to stay below 1.6740 if LTD inversion happens?

Edit: Can there be a messy double inversion?

Patryk

Breeze · #**12259** (**permalink**) 11-06-2009, 12:23 PM

Quote:

Originally Posted by Breeze

Hello all still holding longs added heavily @ 6540

now long GBP/USD @
6447
6600
6540....heavily

long Geppy @
150.54
149.00...heavily

All trades are open target

Hi all I have to call it a day.....bed time now for the old man....wish you all the best till monday.

rgds
Breeze

JohnG_FX · #**12260** (**permalink**) 11-06-2009, 12:42 PM

Quote:

Originally Posted by fazi

John - is it neccesary for cable to stay below 1.6740 if LTD inversion happens?

Edit: Can there be a messy double inversion?

Patryk

Hi Patryk

No it's not necessary

The counts are really messy at the moment.

We are basically within a triangle - there are a number of options/counts that could play out - including one of Copans "special" rules (I won't go into that one yet on a Friday afernoon)

Until we get out of the LTD inversion window or break 1.5700 nothing is 100%

fazi · #**12261** (**permalink**) 11-06-2009, 01:05 PM

Quote:

Originally Posted by JohnG_FX

Hi Patryk

No it's not necessary

The counts are really messy at the moment.

We are basically within a triangle - there are a number of options/counts that could play out - including one of Copans "special" rules (I won't go into that one yet on a Friday afernoon)

Until we get out of the LTD inversion window or break 1.5700 nothing is 100%

Thanks John - It looks cable is heading for ITD4 top - there are still 4 trading days for your bearish count to materialise, but weekly candlesticks look mighty bullish

Patryk

fazi · #**12262** (**permalink**) 11-06-2009, 01:12 PM

Here`s monthly ichi chart plus fibs - 1.735, where kijun sen and 50% fibo is, seems to be the target - possibly a multi-year h&s pattern unfolds.

Patryk

apipintime · #**12263** (**permalink**) 11-06-2009, 01:18 PM

Quote:

Originally Posted by JohnG_FX

If it's not in already on LTD 17 - which it could be at this stage

Thanks John.

MrWilson · #**12264** (**permalink**) 11-06-2009, 02:30 PM

Quote:

Originally Posted by fazi

Here`s monthly ichi chart plus fibs - 1.735, where kijun sen and 50% fibo is, seems to be the target - possibly a multi-year h&s pattern unfolds.

Hi fazi that 1.735 is also the standard 123.6% ext target between the seasonal long points 17 & 18...

fazi · #**12265** (**permalink**) 11-06-2009, 02:59 PM

Quote:

Originally Posted by MrWilson

Hi fazi that 1.735 is also the standard 123.6% ext target between the seasonal long points 17 & 18...

Ah - Yes indeed - another nice coincidence

I posted this EW count some time ago - looks good in theese circumstances

Have a good weekend

Patryk

asherewt · #**12266** (**permalink**) 11-06-2009, 08:46 PM

Hi Fazi,

Hope you're doing well, been a long time since we had chat

sorry to poke into your thread but I found something very interesting on your chart and couldnt resist commenting on it for the benefit of others here on forum.

As you can see on your chart there is a Flat Kijun-Sen line which started from Jan 2009 at 1.7331. This is an extremely important but often over-looked feature of Ichimoku Analysis, this basically attempts creating a Balance of Power (between Bulls and Bears) or Equilbirium in prices after a major swing and clears the way for a new longer term Trend to establish. Some people like to call it a Rubber-band effect which basically brings the price back (or closer) to the Kijun-Sen line.

Here is another chart of mine which explains the similar concept.

My 2 cents.

Quote:

Originally Posted by fazi

Here`s monthly ichi chart plus fibs - 1.735, where kijun sen and 50% fibo is, seems to be the target - possibly a multi-year h&s pattern unfolds.

Patryk

VINCY BALBOA · #**12267** (**permalink**) 11-06-2009, 11:57 PM

Quote:

Originally Posted by asherewt

Hi Fazi,

Hope you're doing well, been a long time since we had chat

sorry to poke into your thread but I found something very interesting on your chart and couldnt resist commenting on it for the benefit of others here on forum.

As you can see on your chart there is a Flat Kijun-Sen line which started from Jan 2009 at 1.7331. This is an extremely important but often over-looked feature of Ichimoku Analysis, this basically attempts creating a Balance of Power (between Bulls and Bears) or Equilbirium in prices after a major swing and clears the way for a new longer term Trend to establish. Some people like to call it a Rubber-band effect which basically brings the price back (or closer) to the Kijun-Sen line.

Here is another chart of mine which explains the similar concept.

My 2 cents.

Hi Asher

One Question, You are talking about GBP/USD.. isn't it..

but you are showing different Chart...of Ichimoku..

Please what your intense of Showing telling Gbp/usd and showing different chart.

HERE IS YOUR CHART START 42.52??

making u clarify only ,, Not telling you fight or teaching

thanks cheer vincy

asherewt · #**12268** (**permalink**) 11-07-2009, 03:01 AM

"Here is another chart of mine which explains the similar concept"

Quote:

Originally Posted by VINCY BALBOA

Hi Asher

One Question, You are talking about GBP/USD.. isn't it..

but you are showing different Chart...of Ichimoku..

Please what your intense of Showing telling Gbp/usd and showing different chart.

HERE IS YOUR CHART START 42.52??

making u clarify only ,, Not telling you fight or teaching

thanks cheer vincy

VINCY BALBOA · #**12269** (**permalink**) 11-07-2009, 03:09 AM

Quote:

Originally Posted by asherewt

"Here is another chart of mine which explains the similar concept"

so which chart is this..

are you correlating of Price overlay?

if you would like to share

thanks

asherewt · #**12270** (**permalink**) 11-07-2009, 03:10 AM

As it says in Lower Left Corner of Chart ... QQQQ - NASDAQ100.

Quote:

Originally Posted by VINCY BALBOA

so which chart is this..

are you correlating of Price overlay?

if you would like to share

thanks