by Ramki | Mar 9, 2010 | GBP
Early this morning I suggested that the 5th wave will extend. Why? Typically, at least one impulse wave in a five-wave sequence will experience an extension. As the first and third waves were of normal proportions, we were on the lookout for the 5th wave to extend....
by Ramki | Mar 8, 2010 | GBP
Quite frequently we come to the office in the morning and see that a big move has happened overnight. Our first instinct is to join the move on any pull back. However, it pays to visit the short term charts before jumping in. Look for a five wave pattern, and figure...
by Ramki | Mar 2, 2010 | GBP
In this update, I am going to look at the medium term outlook for Sterling Pound, or GBP/USD. Those who have subscribed to this blog would have seen the last medium term update on cable, (another name for GBP/USD) posted here on 4th August 2009. (here is the link to...
by Ramki | Oct 18, 2009 | GBP
On 5th October 2009, I posted an early warning to traders of Sterling Pound (GBP/USD)that there is something fishy about the decline from 1.6742, and we are likely to see another rally in the Pound. Trouble is, it is so damn hard to believe such calls, and when the...
by Ramki | Oct 12, 2009 | GBP
This is going to be a quick update. The chart explains it all. If we come below 1.5775, we shoudl come off to 1.5685 initially and perhaps a lot lower. Here is an update on the charts above
by Ramki | Oct 7, 2009 | GBP
The intra day charts looks like we could be staging a rally later today, especially if we dip towards 1.5860 a second time. The formation is clearly looking like an expanding ending diagional triangle, usually a pretty powerful indicator of a imminent reversal. So...
