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- bobbyfx replied Sep 4, 2007
first 2.0040 the 1.9980. Expect retracements from each move. moves will be volatile. But I recommend to wait aside and watch. london will try to push price higher when they open up so be careful. Just as I said earlier, the current price is a 0.618 ...
Cable Update (GBPUSD)
- bobbyfx replied Sep 4, 2007
BE VERY CAREFUL WITH THOSE LONG TRADES. Cable should hover around the 2.0133-47 area for a while with a possibility of a run to 2.0167 area until it can find further direction. Use your FIBS they work wonders.
Cable Update (GBPUSD)
- bobbyfx replied Sep 4, 2007
Maverick, that is correct, the 2.0005 is the 1.618fib extention of the most recent bear run but initial target should be at the next level of support which is 2.0040. Expect a retracement to 2.0133-47 area before the next leg down.
Cable Update (GBPUSD)
- bobbyfx replied Sep 4, 2007
Hi guys: If you look at you 1H chart you will see cable holding just around support at 2.0109. Also look at the datas (US data) coming out this week. Cable looks very bearish. I think the next leg down is the 2.0040 area which is the 1.618 FIB from ...
Cable Update (GBPUSD)
- bobbyfx replied Aug 17, 2007
Hi Traders: BOJ annouced earlier that they will keep interest rates steady and thats why the crosses spiked from their lowest level. Market seems quiet for now, but should not be when NY opens. May be going up?But who nows whats the big players will ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Aug 10, 2007
I am with Itradefx and want to switch. Any recommendations please??
Proposed NFA Capital Requirement
- bobbyfx replied Aug 8, 2007
Be also aware that the EUR & GBP are fundamentally stronger than the USD.
EURUSD
- bobbyfx replied Aug 1, 2007
Cable seem to be forming a bear crown on the 1HR, now forming the right tip, awaiting possible candle stick formation to confirm down move.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Aug 1, 2007
cable is at a FIB 0.786 bounce on Daily chart looks like uptrend might be resuming.
Cable Update (GBPUSD)
- bobbyfx replied Jul 31, 2007
2hr Chart shows a Fib 0.618 @ 242.09 retracement from 244.37 downtrend to 238.28. This is also past resistance from June 7th. 242.09, I think will be a tough area to break. Also USD/JPY was unable to break the 119.28 fib retracement 4 times on the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
Hi everyone: The 1H and 15M charts are showing that USD/JPY is in a consolidation range from the 27th @ 118.00 and 119.30. Its now appears that the next move should be down (now at 119.30 area.). This will carry GJ with it. Waiting for confirmation.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
Cable is retracing to fib 0.382 @ 2.0317 possible next fib 0.50 @ 2.0361 on 4HR taking GJ with it. Cable is better at FIBS. Hence uptrend for now. MAYBE? Trade carefully.. Good Luck!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
If 241.20 is broken we might be in a short term uptrend. Stay out for now...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
240.63 is a Fib 0.50 retracememt if its breaks then FIB 0.618 is at 241.20, which would be a good S/L if anyone decides to short now. 1HR chart ofcourse. This is purely technical analysis, no indicators. Should be in extreme overbought territory ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
Approaching the 50EMA again in overbought territory. May Have a quick but small drop. Looking for 240.05-240.20.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 30, 2007
Overbought Territory is at 240.16 and also at the 50EMA on the 15M chart. I think it may pennant between this value and 239.65 before finding direction. Any suggestions?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 29, 2007
A little Technical Analsys: 15M chart. Hitting down trend line with a decision candle.Also at a Fib retracement. Any comments or confirmation image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- bobbyfx replied Jul 29, 2007
HI GUYS: 239.50, Is this the next move down?
Auslanco - GBP/JPY and GBP/USD (newstrade)