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TaoTrader replied Jul 13, 2016For the 1-hour time frame I have a chart for you showing a wave 4 ending, and the start of a wave 5 going down. The correction on the longer time frame has ended in my opinion, unless the fundamentals step in and shake the price up again.....but I ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016The monthly and weekly take too long to show the trend in full bloom, so right now my focus is on entry and exit signals for the daily, 4 hour, and 1 hour time frames. For the 4 hour I have a chart for you showing the price (wave 2) stopping exactly ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Yes id say the correction is over, but the fundamentals might step in and pull the PA up to the 50% retracement level on the daily chart I have listed here. If so, I'd say the correction would be finished around 1.33856. But my opinion is that the ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Because of Brexit and the exaggerated price movement down, I'd say the retracement levels I've drawn in this chart are the more reliable one. However, If I were to use the Brexit figures it would look like the weekly is still correcting upward for a ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016This pair held out so long with the correction, look at that beautiful movement down! Anyone short here?
NZD/USD
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TaoTrader replied Jul 13, 2016I guess i don't really understand what you mean about the 4-hour breaking 1.3501. That's a pretty steep move up even for the monthly time frame. I just don't see that happening at all. But its always a possibility. I apologize if I came off rude I ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016You have to view that within the longer time frame, otherwise it def looks like an uptrend. If you start with the longer time frame, what you are showing is simply a correction on the lower time frame, and the most recent price movement is upward ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Wise choice my friend! I've watched your posts closely by the way you have some good info :-). I don't claim to be an expert, but I watch the market like a junkie, and I can see the downward momentum from a mile away. I just wanna help everyone be ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Very good! The GBP pairs are correcting now, a lot of them, on the 1 & 4 hour time frames. I rode the GBP/NZD down too, not done yet either!!!
AUD/USD
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TaoTrader replied Jul 13, 2016I fogot to mention the correction right now on the GBP (1-hour time frame) is a wave 4 in my opinion. Very short correction. The London session should see PA moving down if not sooner.
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Hahahahah! All day everyone these pairs have been correcting off and on. I'm calling it a night to sit n watch the market. Just thought I'd help out a little.. The 1 hour time frame is correcting up looking towards 38.2%. It'll soon go down. No ...
Cable Update (GBPUSD)
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TaoTrader replied Jul 13, 2016Its not always black or white. The data itself doesn't have to swing the price the same way. There are a number of different factors. Remember, we are talking about human sentiment. The price is NOT going up for very long in my opinion. I think its ...
AUD/USD
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TaoTrader replied Jul 13, 2016Im talking about most GBP pairs, excluding the EUR/GBP
Geppy's Geppy Thread (GBP/JPY)
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TaoTrader replied Jul 13, 2016Who knows what will happen Im short at the moment. Im strong in my convictions, but I dont have a crystal ball to make my predictions hahahaha! If it goes up the next few days I'd say it'll go down quickly.
Geppy's Geppy Thread (GBP/JPY)
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TaoTrader replied Jul 13, 2016You can practically trade the EUR/USD and GBP/USD together. I do :-). Yea the GBP is still doing its dance lol.
EURUSD
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TaoTrader replied Jul 13, 2016Redalert I'm curious do you think a rate cut and the price of iron ore are the main things keeping the AUD from going down faster? Because I think these are important factors but the commodity currencies are not 100% commodity movers.....other ...
AUD/USD