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Cable Update (GBPUSD)

  • #127,821
  • Mar 24, 2009 12:15pm Mar 24, 2009 12:15pm
I think the best ma system Ive seen,especially if you want to follow lots of pairs.Very visual.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #127,822
  • Mar 24, 2009 12:30pm Mar 24, 2009 12:30pm
Short From 1.4760, Hope It Touch 1.46xx
  • #127,823
  • Mar 24, 2009 12:33pm Mar 24, 2009 12:33pm
Quoting Bones
I think the best ma system Ive seen,especially if you want to follow lots of pairs.Very visual.
if u don't mind.. what are the MA numbers... and what timeframes
Durn the torpedos, full speed ahead
  • #127,824
  • Mar 24, 2009 12:50pm Mar 24, 2009 12:50pm
Sorry for asking where can I find the smoothy indicator.
This is a great thread!!!!!!!!!!
By God's Grace!
  • #127,825
  • Mar 24, 2009 12:56pm Mar 24, 2009 12:56pm
Quoting duflingy
man, i go do a 'honeydo' for an hour... and bam... now i gotta go back to work. who dun what? what caused this to go north like it did??

this is becoming almost like work... and i went to trading fulltime cuz i thot it would be fun....

They auctioned off more short term US paper, about 40$ billion, I think... and there was heavy demand for it, pushing yields down.... this is generally dollar negative, from what i've watched
  • #127,826
  • Mar 24, 2009 1:10pm Mar 24, 2009 1:10pm
We have to wait for another news at 2.30 pm to decide
  • #127,827
  • Mar 24, 2009 1:21pm Mar 24, 2009 1:21pm
Feels good to know I helped someone out, Bones.

AJ


Quoting Bones
I still use the smoothy as my trend guide.
  • #127,828
  • Mar 24, 2009 1:22pm Mar 24, 2009 1:22pm
My 4 hr is shaping up to look quite bearish, previous 4hr was a hangman 1hr 40mins till current candle closes
Attached Image (click to enlarge)
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  • #127,829
  • Mar 24, 2009 1:30pm Mar 24, 2009 1:30pm
Hey guys ...

Topped at weekly R1 and currently coming back below daily 89-ema.

Here is the dollar index for you as well.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 38 KB
  • #127,830
  • Mar 24, 2009 1:34pm Mar 24, 2009 1:34pm
Who do you use to get these charts for US$ INDEX
Quoting jack.canadia
Hey guys ...

Topped at weekly R1 and currently coming back below daily 89-ema.

Here is the dollar index for you as well.
  • #127,831
  • Mar 24, 2009 1:39pm Mar 24, 2009 1:39pm
Can I ask how the $$ Index show direction of GBP/USD ??
  • #127,832
  • Mar 24, 2009 1:41pm Mar 24, 2009 1:41pm
Quoting Turn12100
Who do you use to get these charts for US$ INDEX
Open a demo here http://forexltd.co.uk/
  • #127,833
  • Mar 24, 2009 1:43pm Mar 24, 2009 1:43pm
The 89 Smoothy is the brainchild of my Mentor, Money Duck. 5 Years ago before the Forex became all the rage or went public, there was a company called Premier Trade that was run by James Dicks. They would charge $2500 to buy their system which worked pretty well, but ended up managing themselves off the charts. The charts were centered around 3 lines we used to call telephone lines. These lines were permanent on the chart and you could tell the long term, short term and mid term trend with a chart change. I came up with the idea of trying to figure out what the were and then we could give it away....LOL probably helped put them out of business...LOL. Anyway, we worked on it for a couple monthes and finally came up with it. We added the trigger MA's and the rest is history. You can use it on all timeframes and the idea is to keep the stop behind the, ( Telephone Lines ). I am including a template so you all can share it.

AJ
Attached File(s)
File Type: tpl smoothy.tpl   1 KB | 339 downloads
  • #127,834
  • Mar 24, 2009 1:45pm Mar 24, 2009 1:45pm
Quoting britnla
Can I ask how the $$ Index show direction of GBP/USD ??
According to Wikipedia, the UDSX is 'a weighted geometric avg. of the dollar's values compared to the Euro, Yen, Pound, Cad, Swedish Krona and Franc.

See this as well. http://www.alaron.com/uploadedFiles/...r_%208.301.pdf
  • #127,835
  • Mar 24, 2009 1:46pm Mar 24, 2009 1:46pm
To determine long term trend: Switch Smoothy to Daily Timeframe. If price is above the 3 lines its an uptrend.

Mid term trend: Switch to 4 Hr

Short term: 1 Hr and 15 Min





Quoting donutman_111
The 89 Smoothy is the brainchild of my Mentor, Money Duck. 5 Years ago before the Forex became all the rage or went public, there was a company called Premier Trade that was run by James Dicks. They would charge $2500 to buy their system which worked pretty well, but ended up managing themselves off the charts. The charts were centered around 3 lines we used to call telephone lines. These lines were permanent on the chart and you could tell the long term, short term and mid term trend with a chart change. I came up with the idea of trying to figure...
  • #127,836
  • Mar 24, 2009 1:50pm Mar 24, 2009 1:50pm
GBP is only 11.9% of the index .. Eur has more than 50% stake in the index so it can be used with high certainty to trade along with the Eur/Usd .. But it also can help in longer term plays, combined with supp/ress on G/U and pivots .. thats how I use it
  • #127,837
  • Mar 24, 2009 1:52pm Mar 24, 2009 1:52pm
Quoting donutman_111
To determine long term trend: Switch Smoothy to Daily Timeframe. If price is above the 3 lines its an uptrend.

Mid term trend: Switch to 4 Hr

Short term: 1 Hr and 15 Min
thank you. will look and study it... i scalp the stoches, and for the most part, am successful. i just can't get the fundamentals down of finding the trends. much appreciated
Durn the torpedos, full speed ahead
  • #127,838
  • Edited 2:40pm Mar 24, 2009 1:53pm | Edited 2:40pm
Quoting donutman_111
To determine long term trend: Switch Smoothy to Daily Timeframe. If price is above the 3 lines its an uptrend.

Mid term trend: Switch to 4 Hr

Short term: 1 Hr and 15 Min
I would recommend people to download this and apply his template to your charts. You'll be amazed probably.

Good job Donutman for the programming! That wasn't easy to figure out I'm sure.
Just digging in the trenches like everyone else!
  • #127,839
  • Mar 24, 2009 2:03pm Mar 24, 2009 2:03pm
Here are some examples of how easy it is to determine trend.
Attached Image(s) (click to enlarge)
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  • #127,840
  • Mar 24, 2009 2:23pm Mar 24, 2009 2:23pm
Quoting jack.canadia
According to Wikipedia, the UDSX is 'a weighted geometric avg. of the dollar's values compared to the Euro, Yen, Pound, Cad, Swedish Krona and Franc.

See this as well. http://www.alaron.com/uploadedFiles/...r_%208.301.pdf
Thanks, I will check it out and read further...... !!!!
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