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Cable Update (GBPUSD)

  • #15,321
  • Jun 20, 2007 11:15pm Jun 20, 2007 11:15pm
Quoting bodge
cable is just taking a breather before continuing it's run up.
I agree, I'm still holding from 1.9745
  • #15,322
  • Jun 20, 2007 11:36pm Jun 20, 2007 11:36pm
Quoting MtnMan
I agree, I'm still holding from 1.9745
Nice job man.
  • #15,323
  • Jun 20, 2007 11:44pm Jun 20, 2007 11:44pm
Quoting bodge
Nice job man.
Thank you
  • #15,324
  • Jun 20, 2007 11:46pm Jun 20, 2007 11:46pm
Wow.... 15330 post???

Keep it up guys...

QS.
"Invest With The Insiders, Not The Masses" George Muzea
  • #15,325
  • Jun 21, 2007 12:00am Jun 21, 2007 12:00am
No pin bar on EURUSD 4hr. Open and close need to be near same end of the bar. Don't see it.

Closest to a pin bar was the bar @ 100am est on weds although it stood out from previous bars, the next bar (500am est) wound up trading up into most of the previous bar so in the end was not really a pin either.
  • #15,326
  • Jun 21, 2007 12:35am Jun 21, 2007 12:35am
Quoting SunTrader
No pin bar on EURUSD 4hr. Open and close need to be near same end of the bar. Don't see it.

Closest to a pin bar was the bar @ 100am est on weds although it stood out from previous bars, the next bar (500am est) wound up trading up into most of the previous bar so in the end was not really a pin either.
mt4 demo has a pinbar. OHLC = 1.3397 1.3399 1.3382 1.3396
  • #15,327
  • Jun 21, 2007 12:44am Jun 21, 2007 12:44am
Quoting bodge
mt4 demo has a pinbar. OHLC = 1.3397 1.3399 1.3382 1.3396
Well if you are talking about the 100am thurs bar ? you don't mention time. TradeStation shows OHLC as 1.3387 / 1.3397 / 1.3384 / 1.3392

But even if the open and close were near to each other the bar does not extend beyond the previous bar's lows.

In fact with my data the 100am bar is an inside bar. Which means the low is higher than the previous low and the high is less than the previous high.

So if there is a definitive break above/below the inside bar then trade the break.
  • #15,328
  • Jun 21, 2007 12:50am Jun 21, 2007 12:50am
Quoting SunTrader
Well if you are talking about the 100am thurs bar ? you don't mention time. TradeStation shows OHLC as 1.3387 / 1.3397 / 1.3384 / 1.3392

But even if the open and close were near to each other the bar does not extend beyond the previous bar's lows.

In fact with my data the 100am bar is an inside bar. Which means the low is higher than the previous low and the high is less than the previous high.

So if there is a definitive break above/below the inside bar then trade the break.
You know the 4hr bar forming now? Well it's the one before that. That's why I said "pinbar just completed", 6 minutes after it finished (12noon my time - GMT+8)
I should say, MT4 demo's aren't renound for being accurate hehe.
  • #15,329
  • Jun 21, 2007 1:09am Jun 21, 2007 1:09am
Looks like someone else is seeing what I'm seeing.
  • #15,330
  • Jun 21, 2007 1:25am Jun 21, 2007 1:25am
Quoting bodge
You know the 4hr bar forming now? Well it's the one before that. That's why I said "pinbar just completed", 6 minutes after it finished (12noon my time - GMT+8)
I should say, MT4 demo's aren't renound for being accurate hehe.
Which data feeder do u use? Im using MT4 NF and it shows the same with TradeStation.
  • #15,331
  • Jun 21, 2007 1:35am Jun 21, 2007 1:35am
Quoting dd33
Which data feeder do u use? Im using MT4 NF and it shows the same with TradeStation.
Regular old MT4, from the developers I believe. I will get banned for posting a link but go to google, search metaquotes, then hit the first link.
I just opened my NF demo and yes, no pinbar in sight. Only the one 11 bars ago or so. Not sure why metaquotes MT4 is different.
To be honest, I don't care so much about the bar formations, I knew there would be some traffic there, the pinbar just confirmed my thoughts.
I prefer to watch what price does at certain areas as opposed to waiting for bar formations. They are just part of the complete package.
  • #15,332
  • Jun 21, 2007 4:16am Jun 21, 2007 4:16am
.sniff..What is that smell..? I know it, I smelled it before..

Oh yes, bull blood! slaughter the bulls! Cleave their bones! Let us feast!

1.9790 before friday close, ultimate target 1.9720-ish. The stars, they have spoken again.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #15,333
  • Jun 21, 2007 4:19am Jun 21, 2007 4:19am
Quoting Plutonite
.sniff..What is that smell..? I know it, I smelled it before..

Oh yes, bull blood! slaughter the bulls! Cleave their bones! Let us feast!

1.9790 before friday close, ultimate target 1.9720-ish. The stars, they have spoken again.

I'm thinking of shorting this pair, but trying to be very cautious. I will probably place a short around 1.9940 or so.
  • #15,334
  • Jun 21, 2007 4:20am Jun 21, 2007 4:20am
Quoting Plutonite
1.9790 before friday close, ultimate target 1.9720-ish.
“Past performance is not indicative of future results”
  • #15,335
  • Jun 21, 2007 4:26am Jun 21, 2007 4:26am
Quoting Plutonite
.sniff..What is that smell..? I know it, I smelled it before..

Oh yes, bull blood! slaughter the bulls! Cleave their bones! Let us feast!

1.9790 before friday close, ultimate target 1.9720-ish. The stars, they have spoken again.
bloody hell! and i thought i was bearish!
  • #15,336
  • Jun 21, 2007 4:44am Jun 21, 2007 4:44am
Quoting Plutonite
.sniff..What is that smell..? I know it, I smelled it before..

Oh yes, bull blood! slaughter the bulls! Cleave their bones! Let us feast!

1.9790 before friday close, ultimate target 1.9720-ish. The stars, they have spoken again.
Are you a patient?

I am short from 9905 but... "blood" and "cleave their bones" stuff is too much.
  • #15,337
  • Jun 21, 2007 4:47am Jun 21, 2007 4:47am
Quoting Plutonite
.sniff..What is that smell..? I know it, I smelled it before..

Oh yes, bull blood! slaughter the bulls! Cleave their bones! Let us feast!

1.9790 before friday close, ultimate target 1.9720-ish. The stars, they have spoken again.
Sniff Sniff? Looks like the stars got bad breath

9890s key today. The trendline.
  • #15,338
  • Jun 21, 2007 4:52am Jun 21, 2007 4:52am
My friends, what do you think? Well - reading the previous posts most of you think the same. Maybe it is wise to do the opposite?
Rgds.
t.
Attached Image (click to enlarge)
Click to Enlarge Name: gppusd.jpg Size: 105 KB
always expect the unexpected!
  • #15,339
  • Jun 21, 2007 4:55am Jun 21, 2007 4:55am
Quoting cesarnc
Sniff Sniff? Looks like the stars got bad breath

9890s key today. The trendline.
I agree, there is also a 78.6 fib sat just below it from tha last major push up.
  • #15,340
  • Jun 21, 2007 5:05am Jun 21, 2007 5:05am
Long 9890.... SL 9870
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