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Cable Update (GBPUSD)

  • #251,861
  • Sep 9, 2010 6:19am Sep 9, 2010 6:19am
Quoting bimmerbob
If that is a 5m chart, be careful jumping to conclusions on divergence. Also, from around 5.30 am on your chart the dx seems to be printing slightly higher lows, and the macd is following surely? Or am I missing a point somewhere?
i dont use one source but many in milliseconds, and i am already 15 pips and BE; also still sitting on profits from shorting it @5525 yesterday... i am deadly accurate with my trades, and if i get stopped out, 70% of the time im on BE, and the other 30% i loose 10 pips, not much...

cheers
  • #251,862
  • Sep 9, 2010 6:21am Sep 9, 2010 6:21am
Quoting GlobalMacro
no bro...just looking for live charting for bonds...especially bund futures...
Same here! Please let me know if you come up trumps. I will keep looking too and I will let you know if I find anything. Cheers!

Only one I could find was http://www.futurespros.com/financial...treaming-chart but I am also interested in other European countries too

FuturesPros have the following -

Euro BOBL
Euro Bund
Euro Schatz (Schatz means 'treasure' and 'darling' in German)
Japan Govt Bond
UK Gilt
and various US T-Notes
  • #251,863
  • Sep 9, 2010 6:30am Sep 9, 2010 6:30am
Quoting pdean123
Sorry the previous chart was M5 this is M15.
there's a lot fake divergence. i'm divergence trader but day by day seems more and more a lot fake. it's getting hard. how do you reconigze the real one or the fake one ??
  • #251,864
  • Sep 9, 2010 6:39am Sep 9, 2010 6:39am
Quoting HiCS
gone short at monthly median 5414 SL 5420
there it goes down, down, where dont know, but 5460 would be a nice shoulder to sit on
  • #251,865
  • Sep 9, 2010 6:43am Sep 9, 2010 6:43am
bbAKKER HERE IS A CHART OF A BEAR FLAG BREAK

Sorry Guys This Dick keeps private messaging me.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 30 KB
  • #251,866
  • Sep 9, 2010 6:45am Sep 9, 2010 6:45am
Quoting Temps
bbAKKER HERE IS A CHART OF A BEAR FLAG BREAK

Sorry Guys This Dick keeps private messaging me.....


Snap!

Attached Image (click to enlarge)
Click to Enlarge Name: 100909_gu_m15.PNG Size: 38 KB
  • #251,867
  • Sep 9, 2010 6:47am Sep 9, 2010 6:47am
UCAD still in downtrend, holds GBPUSD from further falls,
once we have bottom in UCAD and turn up, cable will fall hard,
i could be wrong
  • #251,868
  • Sep 9, 2010 6:48am Sep 9, 2010 6:48am
Quoting dashboard
there's a lot fake divergence. i'm divergence trader but day by day seems more and more a lot fake. it's getting hard. how do you reconigze the real one or the fake one ??
The best way to know is first to stop calling hidden divergences, hidden divergences, they are reversals as coined by Andrew Cardwell. It is best to trade reversals over divergences and to trade the reversals with the trend. Divergence signals signal retracement momentum, Reversals signals signal continuation momentum. I call those Momentum Type 1 and Momentum Type 2 respectively. Momentum Type 3 is the "at the moment momentum" for short term traders. Trading at times when Momentum 3 is present is the key. There are many ways to do this.
  • #251,869
  • Sep 9, 2010 6:54am Sep 9, 2010 6:54am
Yet all this turbulence is nothing compared with what will hit the Coalition next month when George Osborne unveils his Comprehensive Spending Review (CSR) – at that point, all hell will break loose. "We are in a canoe paddling down the Zambezi, and Victoria Falls lie dead ahead. Once we've gone over the edge, none of this will matter," one leading Cameroon told me. The edge, for those at Westminster who worry about it, is the moment we discover just how bad the cuts are going to be. To judge by what Cabinet ministers and officials are saying, many worry that the Coalition has not done nearly enough to warn the public of the abyss into which the country is about to plunge. "If we have had a collective failure," one Cabinet minister says, "it is that we have underplayed the scale of the problem
@pawpaw1000 on Twitter
  • #251,870
  • Sep 9, 2010 6:55am Sep 9, 2010 6:55am
Quoting dag777
UCAD still in downtrend, holds GBPUSD from further falls,
once we have bottom in UCAD and turn up, cable will fall hard,
i could be wrong
Do you have time to explain the relationship? UCad has been in a downward trend all morning, as has cable indicating correlation. Why, therefore, should a turnup in UCad therefore signal a drop in cable?
  • #251,871
  • Sep 9, 2010 6:56am Sep 9, 2010 6:56am
Quoting pdean123
The best way to know is first to stop calling hidden divergences, hidden divergences, they are reversals as coined by Andrew Cardwell. It is best to trade reversals over divergences and to trade the reversals with the trend. Divergence signals signal retracement momentum, Reversals signals signal continuation momentum. I call those Momentum Type 1 and Momentum Type 2 respectively. Momentum Type 3 is the "at the moment momentum" for short term traders. Trading at times when Momentum 3 is present is the key. There are many ways to do this.
Huh? ....that was confusing. This may be easier:
http://www.babypips.com/school/diver...eat_sheet.html
  • #251,872
  • Sep 9, 2010 6:57am Sep 9, 2010 6:57am
Quoting pdean123
The best way to know is first to stop calling hidden divergences, hidden divergences, they are reversals as coined by Andrew Cardwell. It is best to trade reversals over divergences and to trade the reversals with the trend. Divergence signals signal retracement momentum, Reversals signals signal continuation momentum. I call those Momentum Type 1 and Momentum Type 2 respectively. Momentum Type 3 is the "at the moment momentum" for short term traders. Trading at times when Momentum 3 is present is the key. There are many ways to do this.
Also, why stop calling them Hidden Divergences? That is what they are called. At least it is what I have called them for the last 6 or 7 yrs.
  • #251,873
  • Sep 9, 2010 6:57am Sep 9, 2010 6:57am
Quoting HiCS
there it goes down, down, where dont know, but 5460 would be a nice shoulder to sit on
um don't you mean 5360
  • #251,874
  • Sep 9, 2010 6:59am Sep 9, 2010 6:59am
Quoting PipChick
Huh? ....that was confusing. This may be easier:
http://www.babypips.com/school/diver...eat_sheet.html
it's easier more but will loss much more.....
there's no all the time such easy like the babypips, real = it's more complex n a lot of fake
  • #251,875
  • Sep 9, 2010 7:00am Sep 9, 2010 7:00am
This is how I see Hidden Divergence:
The price falls, pulls back forming Hidden Bearish Divergence, then continues down. I see it as somewhat of a continuation of the trend pattern. (of the timeframe you are trading in)
Vice versa for long.
  • #251,876
  • Sep 9, 2010 7:03am Sep 9, 2010 7:03am
Quoting dashboard
it's easier more but will loss much more.....
there's no all the time such easy like the babypips, real = it's more complex n a lot of fake
Yes, you can get fakes as with any strategy or indi. It usually works out well as long as you are trading with the current trend.
  • #251,877
  • Sep 9, 2010 7:05am Sep 9, 2010 7:05am
Quoting PipChick
Yes, you can get fakes as with any strategy or indi. It usually works out well as long as you are trading with the current trend.
the talent in forex is identifying a trend 2mins before it happens and entering with a 10 pips SL
  • #251,878
  • Sep 9, 2010 7:11am Sep 9, 2010 7:11am
Quoting PipChick
Also, why stop calling them Hidden Divergences? That is what they are called. At least it is what I have called them for the last 6 or 7 yrs.
Divergence, diverges from the trend, therefore it retraces into the trend. Wilder (1978) showed divergences on RSI, which he created and thought they reversed trends and that the tighter (fewer periods) the more powerful. This has been shown to be wrong and can be statistically proven. The only time a divergence reverses a trend is when the range of RSI is high (which happens in an uptrend) and a negative or bearish divergence causes a Range Shift in RSI and then of course the exact opposite condition in a downtrend.

Reversals, which were discovered by Andrew Cardwell, a student of Welles Wilder, reverse the retracement and continue the trend. Statistically in a downtrend you will see many more negative reversals and in an uptrend you will see many more positive reversals. Divergences actually signal that reversals are about to occur. If you look at a downtrend you will see a predominance of negative reversals and positive divergences and for uptrends positive reversals and negative divergences. This can most easily seen if your divergences and reversals are automatically produced.
  • #251,879
  • Sep 9, 2010 7:13am Sep 9, 2010 7:13am
Quoting dashboard
it's easier more but will loss much more.....
there's no all the time such easy like the babypips, real = it's more complex n a lot of fake
You can eliminate the fakes if you understand the difference between divergences and reversals and how they interact with each other.
  • #251,880
  • Sep 9, 2010 7:14am Sep 9, 2010 7:14am
Quoting pdean123
You can eliminate the fakes if you understand the difference between divergences and reversals and how they interact with each other.
Correct
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