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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 16:39
If corrective, we have summetry at 1.5725 or 127% ext @ 1.5813. Also take yer fibs from the 1.6298 high to the 1.5344 low
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 16:35
Having said that this move up from the 28th Dec low does look and feel corrective !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 16:34
@catnip, if gbpusd next breaks the 55 DMA level it also breaks the pocket formation of 22nd Oct.
Letisha
St. Catherine, Jamaica
Posts: 156
13 years ago
Jan 12, 2011 16:21
I think that we should at least aim to analyse chart and watch price action....never depend on anyone to outline where support & resistance levels are on your charts...strive to master this....once this is achieved you will be able to see a clearer direction of the market...There are a lot of fundamental drivers of the market, but technicals are very strong too...most people watch technical levels, and this is the general psychology of the market.....almost all traders are watching these levels as well....Keep up the good work Ashraf and continue to guide traders in the right direction...Thanks to you I've learnt a lot just by following you on your IMT's.
sultan5568
jubail industrial, Saudi Arabia
Posts: 10
13 years ago
Jan 12, 2011 16:16
Ashraf, can we say cable is up trend now, 1.5720 and if today closed above 1.5630 is it good indication that cable is going to 1.6000
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 16:09
Now testing 100 SMA.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 15:49
higher highs and higher lows are indisputable
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 12, 2011 15:46
Trend has been up for last 4 days, albeit choppy and narrow range.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 12, 2011 11:39
yesterday stop sell cable 156290 was correct and the pos is doing well added another @15643
chart astrologists always get mad on noise they cannot even determine noise floor.
TA has no value for long tem position trade
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 12, 2011 11:04
Said, you must start your own blog call it "The Ruminations of Said"

Ashraf
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