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Cable Update (GBPUSD)

  • #115,861
  • Jan 28, 2009 2:59pm Jan 28, 2009 2:59pm
Thanks no thanks I made ok today time to rest but good luck to you
  • #115,862
  • Jan 28, 2009 3:01pm Jan 28, 2009 3:01pm
Quoting Jigsaw
Anyone for the long bus up to the blue line ?
She didn't close like I would like to go back long. I'm on the sides, headed for some coffee.
Just digging in the trenches like everyone else!
  • #115,863
  • Jan 28, 2009 3:03pm Jan 28, 2009 3:03pm
Quoting eohater
Here's my view on the daily, let's see how she closes before we start drooling over positions

We bounced off the RED trendline, we're under the bottom of the wedge, I would like to see us close under the 10sma (BLUE), then I'll be looking for her to pullback to test the RED trendline and fall from there, we break the trendling and wedge, all bets are off and we're still headed north.
This may sound stupid but please explain to me why my dailey candles do not look like yours. I would assume our days start at different times but why would that be?
Please ask questions and share your experiences with us all!
  • #115,864
  • Jan 28, 2009 3:04pm Jan 28, 2009 3:04pm
Quoting bkg102665
This may sound stupid but please explain to me why my dailey candles do not look like yours. I would assume our days start at different times but why would that be?
I can answer this, we all have different feeds. Some of our candles open and close at different times.

Thats all

EDIT: On the Daily and the 4HR
  • #115,865
  • Jan 28, 2009 3:07pm Jan 28, 2009 3:07pm
Quoting Jigsaw
I can answer this, we all have different feeds. Some of our candles open and close at different times.

Thats all

EDIT: On the Daily and the 4HR
Thank you but wouldn't that make my idea of what will happen based on candle pattern be different from EO?

And I want to grow up and be just like EO!!!
Please ask questions and share your experiences with us all!
  • #115,866
  • Jan 28, 2009 3:11pm Jan 28, 2009 3:11pm
Almost 3 weeks...
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  • #115,867
  • Jan 28, 2009 3:13pm Jan 28, 2009 3:13pm
my short got triggered....dailly forming a pin will make me sell higher up if she goes there....

price hit weekly resistance (pin on 4hr) and 61.8 retrace so if it goes up then oh well bad trade i say..
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  • #115,868
  • Jan 28, 2009 3:20pm Jan 28, 2009 3:20pm
Quoting bkg102665
This may sound stupid but please explain to me why my dailey candles do not look like yours. I would assume our days start at different times but why would that be?
Jigsaw had it right. Our daily candles open/close at different times, same with the 4h. Now, I also know some broker's close their 1h candles at 1:01 and open a new hourly candle to close at 2:02.
Just digging in the trenches like everyone else!
  • #115,869
  • Jan 28, 2009 3:23pm Jan 28, 2009 3:23pm
Quoting blurrcow
ok thanks for the advice.. really appreciate EO

just a Q... considering the time of day in the US... dont the price action and volume seem large at this time of day ?? just curious becos usually at this time volume wud be kinda thin...
We need to remember triple interest today along with the FOMC statement and the news traders and SL on longs getting hit with the surge of bear power.
Just digging in the trenches like everyone else!
  • #115,870
  • Jan 28, 2009 3:24pm Jan 28, 2009 3:24pm
Quoting eohater
Jigsaw had it right. Our daily candles open/close at different times, same with the 4h. Now, I also know some broker's close their 1h candles at 1:01 and open a new hourly candle to close at 2:02.
OK but based on the 4 hour and dailey close of candles wouldn't you and I see things differently?
Please ask questions and share your experiences with us all!
  • #115,871
  • Jan 28, 2009 3:26pm Jan 28, 2009 3:26pm
Quoting bkg102665
OK but based on the 4 hour and dailey close of candles wouldn't you and I see things differently?
We will see different patterns for sure, but there are multiple candle patterns that support the same movements. I have a pdf, I need to get off my other computer that I'm going to post on my thread about candle patterns. I discovered it one weekend from another poster in another thread, I haven't read it completely, but from what I have read, I like it.
Just digging in the trenches like everyone else!
  • #115,872
  • Jan 28, 2009 3:29pm Jan 28, 2009 3:29pm
Quoting eohater
We will see different patterns for sure, but there are multiple candle patterns that support the same movements. I have a pdf, I need to get off my other computer that I'm going to post on my thread about candle patterns. I discovered it one weekend from another poster in another thread, I haven't read it completely, but from what I have read, I like it.
Who are your brokers if you do not mind me asking?Also thanks again for all your help and sharing your experience with everyone.
Please ask questions and share your experiences with us all!
  • #115,873
  • Jan 28, 2009 3:30pm Jan 28, 2009 3:30pm
Quoting eohater
Here's my view on the daily, let's see how she closes before we start drooling over positions

We bounced off the RED trendline, we're under the bottom of the wedge, I would like to see us close under the 10sma (BLUE), then I'll be looking for her to pullback to test the RED trendline and fall from there, we break the trendling and wedge, all bets are off and we're still headed north.
Excellent stuff!!
Patience + Discipline - Greed = Success
  • #115,874
  • Jan 28, 2009 3:33pm Jan 28, 2009 3:33pm
Quoting Infinity
Excellent stuff!!
Thanks brother! I asked my mom last weekend if she had a jamacian son that she never told me about, she paused and then changed the conversation. I think there may be something there.
Just digging in the trenches like everyone else!
  • #115,875
  • Jan 28, 2009 3:34pm Jan 28, 2009 3:34pm
Quoting bkg102665
Who are your brokers if you do not mind me asking?Also thanks again for all your help and sharing your experience with everyone.
My primary is with MBTrading, my secondary is with FXDD.
Just digging in the trenches like everyone else!
  • #115,876
  • Jan 28, 2009 3:37pm Jan 28, 2009 3:37pm
Quoting eohater
I'm in the midwest covered in 12inches of snow.
Being from the same area as you...I feel your pain! (he said while sipping iced tea in 80 degree weather)
Hi, my name is Barry and you can keep your doctor...
  • #115,877
  • Jan 28, 2009 3:37pm Jan 28, 2009 3:37pm
Quoting eohater
My primary is with MBTrading, my secondary is with FXDD.
EO, are you still expecting a bounce down off the 50 ema in the 15 min?
  • #115,878
  • Jan 28, 2009 3:38pm Jan 28, 2009 3:38pm
Quoting MarkyBoy
EO, are you still expecting a bounce down off the 50 ema in the 15 min?
Yes, I am, I'll post a chart on the 4h which will also support the trade. The trade off the 15m 50ema is one of mine and Infinity's favorite trades.
Just digging in the trenches like everyone else!
  • #115,879
  • Jan 28, 2009 3:39pm Jan 28, 2009 3:39pm
Quoting bkg102665
Who are your brokers if you do not mind me asking?Also thanks again for all your help and sharing your experience with everyone.
I will step in here too if neither of you mind.

At the end of the day it doesn't really matter - the hours difference , it doesn't matter, because if you view the daily on the 4HR, and 1HR, then you KNOW whats going on from there. The story is the same . .

Just because EO's candle closes at a different time than mine doesn't mean I have an edge on him nor him an edge on me, because the same thing happened. It's up to the individual to make what they want from it.

If you really feel the need to just figure out the daily close of your current feed and get more Metatraders with different time daily closes.
  • #115,880
  • Jan 28, 2009 3:44pm Jan 28, 2009 3:44pm
Quoting eohater
Yes, I am, I'll post a chart on the 4h which will also support the trade. The trade off the 15m 50ema is one of mine and Infinity's favorite trades.
This question is to EO and Infinity (And whoever else wants to answer)

I don't use ema's much myself, but do you think the "first time back" after breaking through the ema . . . has more strength to it than the subsequent kisses. ?

Also, do you enter on the kiss or wait for PA ?
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