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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 18:25
In Thread: USD
SB, I agree your interim support levels except for your "much deeper" assumption.

If cable has topped out right here today we have a potential zig zag pattern in the making to continue correcting the move up from May low to Aug high. My 5220 or 5028 levels would typically complete the zig zag formation (ABC)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 18:15
In Thread: USD
Furthermore, notice it has tested my symmetry target at 1.5935 three times in the last 5 trading days
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 18:12
In Thread: USD
I have an alternate count on daily GU chart for if cable stops at the 1.5935 symmetry target. A retracement back to 1.5220 could follow or the 50% level at 1.5112 or the 127.2% level at 1.5030.
Do you have a problem with that ?

If cable takes out the 1.5935 level the next upside target for me is 1.6054 assuming it takes out the previous high at 1.5997.

Those are the two primary counts on my daily chart for the time being.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 18:03
In Thread: USD
Not understanding you Said. Please clarify.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 17:31
In Thread: EUR
Nice cheap dollar for US exports, filter imports, who said the fed are stupid
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 17:11
In Thread: USD
OMG, DX about to kiss the 78.6% at 77.44. And to think the last 3 broker accounts I opened were in USD to hedge my pound holdings.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:56
In Thread: GBP
there again, the case for QE becomes more urgent. Cross currents as usual
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:54
In Thread: GBP
looking like bad news out of US, DX recent correlation maintained. i.e DX up
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:10
In Thread: GBP
Don't worry SB, no need to repeat, I have all your observations written down :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:07
In Thread: GBP
Chartvuze. First jobbie is to take out potential resistance at 1.5997 previous high on daily chart. Then we have potential resistance levels at 1.6055 and c.1.620/22. Next resistance above is at very important 78.6% fib level at 1.644. If price breaks that level I start coming into line with Subway bias for test of 1.7046 level
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