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el_duende replied May 22, 2007Out of interest marketwavez how do you determine the end of wave 5 in your elliot waves?
Cable Update (GBPUSD)
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el_duende replied May 22, 2007What is your 2nd/3rd targets for USD/CHF Marketwavez as we have reached 1.2330.
Cable Update (GBPUSD)
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el_duende replied May 22, 2007Im only risking 25 pips for potential move up that may not materialise. As R:R I think it is worth it. Sure its going against a huge move down but as you say momentum has slowed which is why I think a small risk is worth it. (Just to add from a ...
USDCAD trend reversal?
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el_duende replied May 22, 2007GBP/JPY has broke though 240 barrier, may be bullish for cable If GBP/JPY does not sustain the break then will be bearish for cable IMO
Cable Update (GBPUSD)
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el_duende replied May 22, 2007Heres a daily chart showing that they have a good correlation I think it is worth a the risk for a long
USDCAD trend reversal?
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el_duende replied May 22, 2007Havent traded cable all day as it has been quite flat. However looking at my chart would seem there is potential for move South. 1st chart is 2 hour chart showing current trend in a channel 2nd chart is zoomed in to 10 mins to give clearer picture ...
Cable Update (GBPUSD)
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el_duende replied May 22, 2007Ive got big muscles
Ive got a small stop so im risking 25 pips for a possible decent move up. good R:R I think. Looking at EUR/CAD chart on daily timeframe we see something potentially very important regarding resistanceUSDCAD trend reversal?
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el_duende replied May 22, 2007Ive gone long at 1.0841. stop 1.0816 Reasons $ strength is increasing 1.0830 looking like current resistance record low in currency going long gives positive interest on hourly chart techincal indicators starting to show up is the way to go
USDCAD trend reversal?
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el_duende replied May 22, 2007forget technicals and fundamentals google fight knows all url
Cable Update (GBPUSD)
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el_duende replied May 21, 2007DJ and S&P are going up so EUR/JPY and GBP/JPY have been bullish. This in turn has halted the move South in cable and why we are now seeing retraces. We may have opportunities to reposition some shorts on these retraces as I believe we may go lower ...
Cable Update (GBPUSD)
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el_duende replied May 21, 2007Opening bell of Dow Jones and S&P almost here, interesting to see wether there is a flurry of buying in these markets. If they look to be bullish today it may then be worth closing shorts in GBP/USD and going long (we are at a bottom line of trend ...
Cable Update (GBPUSD)
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el_duende replied May 21, 2007Cool I knew that China news last week should mean $ strength, that shocking bull move that wiped out my profits on Friday afternoon was a retrace. Happy now after seeing markets reacting today my shorts from last week back into profits. I have ...
Cable Update (GBPUSD)
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el_duende replied May 18, 20074 hours and it bit to go before we hear a rendition of 'Hit me baby one more time' I do hope 164 hits now lol
Daily GBP/JPY analysis
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el_duende replied May 18, 2007I think alot of people would have shorted on basis of China news which is what happened. Problem being when DOW, S&P etc opened they were not interested in the news (strangely in my opinion) and thus smashed price right back up. Im keeping shorts ...
Cable Update (GBPUSD)
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el_duende replied May 18, 2007Bloody hell! Surprise of China indeed! You live and learn - Im now at break even in shorts now. EUR/JPY
Cable Update (GBPUSD)
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el_duende replied May 18, 2007markets can be bloody cruel!


Reason for this rise in cable is due to the Yen - we have had a large sell off earlier in GBP/JPY and EUR/JPY due to China announcing rate increase. Look at the charts and very quickly they have retraced their ...Cable Update (GBPUSD)
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el_duende replied May 18, 2007dont get too hasty, have patience its coming back down now lol
Cable Update (GBPUSD)