GBPUSD analysis 2012

[bbmac]

For some these correlations will be very important - for my style of trading they are not - so I rarely look at them - but I don't dismniss their importance to other styles of trading.

Very important question.

How much o you look at euro/usd and egbp when analyzing gbp usd?

 

[bbmac]

See-ing as it is Xmas:

Price reaches the previous Monthly/weekly x 2/Daily swing hi @ 6309 and finds supply in that zone at 6306 just below the daily r2 @/around 6310.

Daily/4hr/1hr still in opa uptrends and weekly remains bullish-rangy and we could see a HH on this t/f should that 6309 previous swing hi be breeched to the upside. Daily has now seen 3 x HH's and 5 x HL's and has been in an uptrend really since this first HH with 2 x HL's and a H above the last LH of the previous downtrend the clues before this.

To the upside- well price still hasn't made a weekly close above the 76.4% of the b-c weekly/monthly swing shown on weekly pic below, and of course this falls near top of that previous swing hi to 6309...Above here the unbeeched fibs of the a-c and b-c weekly/monthly swings and of course those previous swing highs. Monthly R2 is up @/around 6346 with Weekly R3 @/around 6396.

G/L

 

[Leia]

See-ing as it is Xmas:

Price reaches the previous Monthly/weekly x 2/Daily swing hi @ 6309 and finds supply in that zone at 6306 just below the daily r2 @/around 6310.

Happy New Year bbmac

Its nice to see your charts and excellent analysis back. Are you going to reinvigorate this thread for 2013?

 

[bbmac]

Hello, Thank you for your comments, and a Happy New Year to you too. No, I won't be re-starting this thread in 2013.

G/L

Happy New Year bbmac

Its nice to see your charts and excellent analysis back. Are you going to reinvigorate this thread for 2013?