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Cable Update (GBPUSD)

  • #126,221
  • Mar 12, 2009 11:56am Mar 12, 2009 11:56am
Quoting allserene
quotes:

In an insane world, insanity was the only sane choice.

Hit me with your rythm stick, it's nice to be a lunatic

yes all this whippy stuff is the precursor to a definite move I reckon.

A precursor is someone who is too young to have sworn yet
I have no idea what you just said, but my post was directed towards barnaba, not you tho lol
Thank You
  • #126,222
  • Mar 12, 2009 11:56am Mar 12, 2009 11:56am
Hold tight muchachos - the DOW is streaking up again !

my commodies are rocketing

DOW up = cable up right ? well it has done so far .....

lets see if that still holds true
  • #126,223
  • Mar 12, 2009 11:56am Mar 12, 2009 11:56am
Quoting allserene
Hold tight muchachos - the DOW is streaking up again !

my commodies are rocketing

DOW up = cable up right ? well it has done so far .....

lets see if that still holds true
wow and check out oil, damn!
  • #126,224
  • Mar 12, 2009 11:56am Mar 12, 2009 11:56am
Quoting sofia101
Count me in ,I think we are all lost
Thank You
  • #126,225
  • Mar 12, 2009 11:57am Mar 12, 2009 11:57am
Quoting PipLand
ahh right cool, ive got BB's on my charts now too, im still learning them, what settings are you using for them? and what time frames i cant see htem being usefull for TF's less than 4 hrs unless my settings are wrong.

I have
Period 20
Deviations 2
Hi popland. I use Bollinger on the 1H when there is no clear direction and the bands are very narrow.. and when the price is outside of the band.. i buy/sell..

Beware though, when the price starts to develop a trend then BB is no longer useful, so use another indicator to identify when a trend is starting.. e.g. ADX is a good one

an example of use is below..

Interpretation :
95% of the prices must be inside the bands if one can presume that prices follow a normal Gaussian distribution (bell curve).
The bands thus constitute strong zones of support and resistance when the market is without clear trend. When the difference between the two envelopes drops after having increased, the trend loses its force.
Attached Image (click to enlarge)
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_______________ Say Good-bye to Buy-and-Hold
  • #126,226
  • Mar 12, 2009 12:09pm Mar 12, 2009 12:09pm
Quoting deltaworld
Hi popland....
Hi Deltaworld thnx for the advice.

I dont trade off the Bolinger bands ive just got them there as a sort of comfort blanket lol, ive only recently added them.

I keep my trading pretty simple and dont use much indicators at all but i like them there just to see what they are doing.

Im still getting to grips with MA's for now so i wont stick anymore indicators on thnx.

I mostly use S/R, trendlines and Candles, using this together with the MA's is working nicely at the moment
  • #126,227
  • Mar 12, 2009 12:09pm Mar 12, 2009 12:09pm
I miss the chance grab long + 60 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,228
  • Mar 12, 2009 12:11pm Mar 12, 2009 12:11pm
Quoting deltaworld
Beware though, when the price starts to develop a trend then BB is no longer useful
Excellent post ! I got caught a couple of days ago by playing too much with my Bollingers (no giggling on the back row please)...

When its out of the Band then 4 times out of 5 it's a good bet for it to return, but when it's a direction change then aaarrrghhh !!!
  • #126,229
  • Mar 12, 2009 12:11pm Mar 12, 2009 12:11pm
Quoting manize
I miss the chance grab long + 90 pips !
I didn't ... up 50 and covered on mine...

It was clear on the h4... anything can happen now..
Patience + Discipline - Greed = Success
  • #126,230
  • Mar 12, 2009 12:11pm Mar 12, 2009 12:11pm
Quoting manize
I miss the chance grab long + 90 pips !
There be more my friend dont you worry about that.

I closed out a long earlier which i wish i still had, but the price has been all over the place today you gots to take you pips while there still there!
  • #126,231
  • Mar 12, 2009 12:12pm Mar 12, 2009 12:12pm
Quoting Infinity
I didn't ... up 50 and covered on mine...

It was clear on the h4... anything can happen now..

Nice one! I knew I would regret not taking that
  • #126,232
  • Mar 12, 2009 12:13pm Mar 12, 2009 12:13pm
I'm getting ready to pull the trigger on my .44 colt "long", if this next 15M candle closes above 1.3830

With European markets closing +, and the DOW, NASDAQ, S&P 500 riding the same wave, I'm loading up to ride north to retest 1.3900+
  • #126,233
  • Mar 12, 2009 12:16pm Mar 12, 2009 12:16pm
Quoting deltaworld
Hi popland....


I seem to remember reading somewhere that Bollinger intended his bands to be used solely for trading the futures markets and in no other context......

(I wonder if there's a musical outfit called 'The Bollinger Band'.......great name )
  • #126,234
  • Mar 12, 2009 12:17pm Mar 12, 2009 12:17pm
Quoting TradingWeels
I'm getting ready to pull the trigger on my .44 colt "long", if this next 15M candle closes above 1.3830

With European markets closing +, and the DOW, NASDAQ, S&P 500 riding the same wave, I'm loading up to ride north to retest 1.3900+
Don't like the way it's not busting through 1.3840 support/resistance on the 15 min

Seems like it's yearning to go down

I am coming out now if it doesn't get the handbrake off
  • #126,235
  • Mar 12, 2009 12:17pm Mar 12, 2009 12:17pm
Quoting Inzider
Any High Low are related whit fibs ratio.

This beauty (indicator) will show you those ratio whitout manualy apply fibs from MT4. Then when a Gartley, ABC, ABCD, 5-0, 3 Waves Pattern is in play, it will show you it, and calcul the PRZ, the potential reversal zone.

You can go over that site for info about harmonic pattern and to get use whit those, since price ALWAYS make the same patterns again and again = W / M / and 3 waves pattern (ZZZ) + some variation of ...
http://harmonictrader.com/price_patterns.htm
http://harmonictrader.com/TheHarmonicTrader.pdf
Pattern...
Hi
Thanks a lot, I began to teach, but I'm not sure that I set a good indicators that you sent do not see AB CD or do not even need to be seen here is my chart.
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  • #126,236
  • Mar 12, 2009 12:26pm Mar 12, 2009 12:26pm
Quoting allserene
Don't like the way it's not busting through 1.3840 support/resistance on the 15 min

Seems like it's yearning to go down

I am coming out now if it doesn't get the handbrake off
Agreed. The pace of the move, or lack thereof has me slightly concerned, although I have the 1.3830 - 1.3845 area as both intra-week and intra-day Fibo retracement levels.

Update - seems to have busted clean through now.
  • #126,237
  • Mar 12, 2009 12:32pm Mar 12, 2009 12:32pm
Quoting Infinity
I didn't ... up 50 and covered on mine...

It was clear on the h4... anything can happen now..
I am still not able to become myself ! Btw for you !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,238
  • Mar 12, 2009 12:36pm Mar 12, 2009 12:36pm
Quoting sinisabrkic
Hi
Thanks a lot, I began to teach, but I'm not sure that I set a good indicators that you sent do not see AB CD or do not even need to be seen here is my chart.
You done it great. Lear about pattern show and you will know how to use them.
On your chart you have an AB=CD pattern witch is bearish at the moment we look at. made a 130 pips call.
All info are on the site: harmonic trader.

For the indic, its all good, you can maby ajust color and gross period to get more or less lines.

--------------

The first color in color pattern is the zig zag one, for the gartley pattern you get into menu is like the 2 options show.
  • #126,239
  • Mar 12, 2009 12:43pm Mar 12, 2009 12:43pm
Quoting TradingWeels
Agreed. The pace of the move, or lack thereof has me slightly concerned, although I have the 1.3830 - 1.3845 area as both intra-week and intra-day Fibo retracement levels.

Update - seems to have busted clean through now.
keeps pausing, dithering and then setting off again - weird

Let's see these as considered moves
  • #126,240
  • Mar 12, 2009 12:48pm Mar 12, 2009 12:48pm
guys, buy up to 1.3980, further need to sell
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