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Cable Update (GBPUSD)

  • #136,301
  • Jun 9, 2009 1:17pm Jun 9, 2009 1:17pm
Quoting wormboy
2 a.m here mate. Just got home from supper with the ladyboss if that's okay with you

Oh that's ok. But 2am is very late....I'm very impressed. I can hardly stay up till past midnight....do they call this old age?
  • #136,302
  • Jun 9, 2009 1:19pm Jun 9, 2009 1:19pm
Quoting paul czech
i don't know ichimoku,please what's idea this chart?
Dear Paul, here some of Ichimoku

A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

You can found detail in :
http://www.metaquotes.net/techanalys...ators/ichimoku
http://www.fxwords.com/u/ichimoku-cloud.html
  • #136,303
  • Jun 9, 2009 1:20pm Jun 9, 2009 1:20pm
Quoting 4cfx
I can hardly stay up till past midnight....do they call this old age?
I believe so, yes.
Plus I just got married, so every part of me has to stay up harder past midnite
Thank You
  • #136,304
  • Jun 9, 2009 1:21pm Jun 9, 2009 1:21pm
Quoting 4cfx
Can you please elaborate on this?
The Ichimoku become beauty for technical Mid - Long Term analysis

Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.
When defining the dimension of parameters, four time intervals of different length are used. The values of individual lines composing this indicator are based on these intervals:

 

  1. Tenkan-sen shows the average price value during the first time interval defined as the sum of maximum and minimum within this time, divided by two;
  2. Kijun-sen shows the average price value during the second time interval;
  3. Senkou Span A shows the middle of the distance between two previous lines shifted forwards by the value of the second time interval;
  4. Senkou Span B shows the average price value during the third time interval shifted forwards by the value of the second time interval.

Chinkou Span shows the closing price of the current candle shifted backwards by the value of the second time interval. The distance between the Senkou lines is hatched with another color and called "cloud". If the price is between these lines, the market should be considered as non-trend, and then the cloud margins form the support and resistance levels.

 

  1. If the price is above the cloud, its upper line forms the first support level, and the second line forms the second support level;
  2. If the price is below cloud, the lower line forms the first resistance level, and the upper one forms the second level;
  3. If the Chinkou Span line traverses the price chart in the bottom-up direction it is signal to buy. If the Chinkou Span line traverses the price chart in the top-down direction it is signal to sell.

Kijun-sen is used as an indicator of the market movement. If the price is higher than this indicator, the prices will probably continue to increase. When the price traverses this line the further trend changing is possible.
Another kind of using the Kijun-sen is giving signals. Signal to buy is generated when the Tenkan-sen line traverses the Kijun-sen in the bottom-up direction. Top-down direction is the signal to sell.
Tenkan-sen is used as an indicator of the market trend. If this line increases or decreases, the trend exists. When it goes horizontally, it means that the market has come into the channel.

  • #136,305
  • Jun 9, 2009 1:26pm Jun 9, 2009 1:26pm
Quoting deryworlds
The Ichimoku become beauty for technical Mid - Long Term analysis

Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.
When defining the dimension of parameters, four time intervals of different length are used. The values of individual lines composing this...
ok ,your idea is bearish?
  • #136,306
  • Jun 9, 2009 1:26pm Jun 9, 2009 1:26pm
Well Jack think Not quite enough Stupid till patience come rite ??

Still Short Are You ?

Quoting jack.canadia
im sorry but that 6288 long was a very stupid trade.. he bought from me, so thank you

i dont get how people buy after the market has gone up? it makes more sense to let the market sell off and then buy near support ... increases your chances to get a winning trade

he may get in profit but if he always trades like this i bet your he will get a margin call very soon
  • #136,307
  • Jun 9, 2009 1:30pm Jun 9, 2009 1:30pm
Quoting paul czech
ok ,your idea is bearish?
NoP I've Been Long at 1.6288 TP 1.6666
  • #136,308
  • Jun 9, 2009 1:30pm Jun 9, 2009 1:30pm
Quoting deryworlds
Well Jack think Not quite enough Stupid till patience come rite ??

Still Short Are You ?
I said that last night when jack was calling wrong trades
Let Price determine your future!
  • #136,309
  • Jun 9, 2009 1:33pm Jun 9, 2009 1:33pm
Bye... Bye GBP I'm Not interisting with you right Now.
  • #136,310
  • Jun 9, 2009 1:34pm Jun 9, 2009 1:34pm
Enough For The Day 1.6375
Preferring Short While is Better before Continue Tomorrow Guy's
  • #136,311
  • Jun 9, 2009 1:35pm Jun 9, 2009 1:35pm
Quoting deryworlds
NoP I've Been Long at 1.6288 TP 1.6666
Please justify your long position.
6288 is in between the clouds. http://www.forexfactory.com/attachme...0&d=1244570899
Generally above the clouds it's trending upwards & vice versa as you pointed out.
Thank You
  • #136,312
  • Jun 9, 2009 1:37pm Jun 9, 2009 1:37pm
Anyone notice this PM, the move up has been under low volume?

Maybe the pro's are getting ready to unload or all ready started while everyone else just starts to get in?

Almost forgot-- "Bank Stops" don't show up as volume with my broker either so maybe the uptick was a stop loss to shake out the shorts...
Attached Image (click to enlarge)
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  • #136,313
  • Jun 9, 2009 1:40pm Jun 9, 2009 1:40pm
[quote=deryworlds;2790931]The Ichimoku become beauty for technical Mid - Long Term analysis

Thanks for your explanation. I'll look into this and see if I can understand and apply it.
  • #136,314
  • Jun 9, 2009 1:43pm Jun 9, 2009 1:43pm
Cable go for 1.66 area ?
  • #136,315
  • Jun 9, 2009 1:43pm Jun 9, 2009 1:43pm
Quoting wormboy
I believe so, yes.
Plus I just got married, so every part of me has to stay up harder past midnite
Congrats. Now you're ball and chain.
  • #136,316
  • Jun 9, 2009 1:44pm Jun 9, 2009 1:44pm
Quoting LuckyRoost
Anyone notice ...?
load the shorts i say! fast 100!
Thank You
  • #136,317
  • Jun 9, 2009 1:45pm Jun 9, 2009 1:45pm
Quoting wormboy
Please justify your long position.
6288 is in between the clouds. http://www.forexfactory.com/attachme...0&d=1244570899
Generally above the clouds it's trending upwards & vice versa as you pointed out.
YEs You are rite, Generally it's Should Above when you make and follow the trend on 30H chart because thats the price will be actually more then 80 Pips, But for the Mid direction you can use 4H Chart to see whether you miss the entry poin so you still can count how far it will Go further
  • #136,318
  • Jun 9, 2009 1:46pm Jun 9, 2009 1:46pm
Quoting Faryad
Cable go for 1.66 area ?
If it breaks the previous high, then we are off to 1.73. It could be just pullback testing 61.8 fib. Now has it got enough juice to test 76.4?
  • #136,319
  • Jun 9, 2009 1:47pm Jun 9, 2009 1:47pm
Quoting wormboy
load the shorts i say! fast 100!
Done at 6350. Now let's see.
  • #136,320
  • Jun 9, 2009 1:50pm Jun 9, 2009 1:50pm
Quoting deryworlds
YEs You are rite, Generally it's Should Above when you make and follow the trend on 30H chart because thats the price will be actually more then 80 Pips, But for the Mid direction you can use 4H Chart to see whether you miss the entry poin so you still can count how far it will Go further
I'm sorry but we're not talking about me.
Think you could put up a chart to explain better why you took the long?
The 4 hour is in between the clouds btw.
Thank You
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