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Cable Update (GBPUSD)

  • #142,681
  • Jul 3, 2009 8:27pm Jul 3, 2009 8:27pm
welcome back Ipips , u miss so action this week

wish u a good weekend mate
  • #142,682
  • Jul 3, 2009 9:07pm Jul 3, 2009 9:07pm
Quoting Dillinger
Hi Jack,

I wanted to ask you about your charts. I'm trying to find a good method in MT4 for laying out the HL and SR for my charting and I really like the way you have your charts laid out. They're very clean and easy to read.

I installed the indicators you posted last week, but am having trouble getting my charts to look the same. My SR numbers don't line up on the right hand border. Also, do you manually draw the high low diagonal line or is that done by the software?

If it would be possible to post a template, I'd greatly appreciate it....
What's HL? Any lines I draw on the charts in that document are drawn by me ... is that what you mean?

Anyway here are two templates. One has the pivots calibrated to 00:00GMT. But first a note about this. I use 00:00GMT at the start/end or my forex 'day' so my pivots are calculated as such. To be sure that your broker functions around 00:00GMT, next week when we open, check the time of the current 1-hour candle on your chart in GMT and compare it to the actual GMT time (look it up on the internet).

For me it's easy. I am in the eastern time zone, so 00:00GMT = 8:00 PM EST. Every night at 8 my pivots reset. So make sure they change at 00:00GMT. I can even post a blank chart with my pivots on them and you can compare the values.

Also, on the pivot indicator, to adjust the time simply right click on the chart, indicators list, clicks on pivots daily (or medians, but calibrate them to the same time), and "start hour" should be 0 (or the equivalent to 00:00 GMT according to your broker. I reccommend getting used to using the 15-min and 1 hour charts with the daily pivots. The MACD is for divergence. It can be used to confirm a bounce off a pivot level on the 5-minute chart for precision.

My second template is to be applied to a daily chart and it contains the 21,55,89, and 200 SMA's. It's essentially for the overall gross trend. And it also shows that we closed below the 21 SMA for the first time in a while. Suggests we are getting bearish. Its just a way to see some more dynamic support/resistance levels, as this is what moving averages are.

Any questions PM me.
Attached File(s)
File Type: tpl pivots.tpl   5 KB | 302 downloads
File Type: tpl 21_55_89_200.tpl   1 KB | 280 downloads
  • #142,683
  • Jul 4, 2009 2:18am Jul 4, 2009 2:18am
GU and GJ have both a daily close below the DP (4hrs, daily, weekly, monthly and the last 4 weeks)
  • #142,684
  • Jul 4, 2009 4:16am Jul 4, 2009 4:16am
Quoting forexlion

  1. The only thread you started is in the recycle bin for posting crap.
  2. None of your posts has anything to contribute as I can see
  3. 90% of your energy is spent on following me and bashing me.

If I were a lunatic and no good, then why should anyone vote for me or give me 24 vouches in the first place ??

or consider my threads good, or anything else

grow up and trade forex seriously, prove to us that you are a serious trader and show us your skills in trading not in a boxing ring

[list][*]I never say I am the best, there...

When you watch the screen for 10 plus hours, its good to have some humour, albeit it may offend others.
  • #142,685
  • Jul 4, 2009 7:08am Jul 4, 2009 7:08am
Quoting pjpipster
When you watch the screen for 10 plus hours, its good to have some humour, albeit it may offend others.
Good to have humour but NOT when it offends others - thats not humour eg circulating a viral infected indi, bad taste jokes, lack of respect for women etc. He tries so hard to be funny but is abhorrent to many. Find a clown thread for such posts I say. Dont spoil this thread as he has Auslanco thread.
  • #142,686
  • Jul 4, 2009 8:57am Jul 4, 2009 8:57am
Quoting jack.canadia
Here some support and resistance material.

Part 1 if you dont have ... http://www.forexfactory.com/attachme...7&d=1244595188

New thread in the journals as well where i'll post my trade plans..

http://www.forexfactory.com/showthread.php?t=180382
Love your style Jack, something similar to what I currently use. Simple, low risk and powerful !
Hero Traders Live to see their Accounts Die!
  • #142,687
  • Jul 4, 2009 10:28am Jul 4, 2009 10:28am
GBP/USD ON WEEKLY

GOOD LUCK !!!
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gu.jpg Size: 153 KB
  • #142,688
  • Jul 4, 2009 4:15pm Jul 4, 2009 4:15pm
http://www.forexfactory.com/showpost...85&postcount=2

Some end of week.month stuff to look at.
  • #142,689
  • Jul 5, 2009 12:01am Jul 5, 2009 12:01am
I was bored. Here are some more charts on SR.
Attached File(s)
File Type: pdf Supplemental Material.pdf   748 KB | 557 downloads
  • #142,690
  • Jul 5, 2009 12:34am Jul 5, 2009 12:34am
Quoting jack.canadia
I was bored. Here are some more charts on SR.
Just downloaded your new doc, not read yet, but a little bit worried about your boring my friend,something wrong with u?
  • #142,691
  • Edited 4:16am Jul 5, 2009 2:30am | Edited 4:16am
Quoting jack.canadia
What's HL? Any lines I draw on the charts in that document are drawn by me ... is that what you mean?

Actually, the chart I was trying to reproduce was this Fib chart (below) that you had shown when you posted the pivot indicators.

Anyway, I found the indicator on the Fibonacci Trading thread, so have it set up properly now.

Thanks for your help
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 21 KB
  • #142,692
  • Jul 5, 2009 2:47am Jul 5, 2009 2:47am
northern option
Attached Image (click to enlarge)
Click to Enlarge Name: gh.gif Size: 22 KB
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  • #142,693
  • Jul 5, 2009 4:53am Jul 5, 2009 4:53am
Quoting biTrader :)
northern option
That option most likely will not happen.. Broke the fibo and keep it up below the level. my opinion is this is just the beginning.. we will see who knows..
  • #142,694
  • Jul 5, 2009 5:17am Jul 5, 2009 5:17am
Quoting mloistianto
That option most likely will not happen.. Broke the fibo and keep it up below the level. my opinion is this is just the beginning.. we will see who knows..

No everyone know them will move up or down...
it's up to Br????
  • #142,695
  • Jul 5, 2009 7:38am Jul 5, 2009 7:38am
Quoting samclider
No everyone know them will move up or down...
it's up to Br????

can every one give the clue for GU will move up or down
Make Profit ,make money,make pip,make happy
  • #142,696
  • Jul 5, 2009 9:16am Jul 5, 2009 9:16am
Quoting os.dziperson
can every one give the clue for GU will move up or down
If break 1.62780, it will go down. If break 1.64240, it will go up. Most probably it may go down.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #142,697
  • Jul 5, 2009 10:12am Jul 5, 2009 10:12am
Thanks Yngwie
I thinks also Gu will going down around 50 to 70 pip & go up again ...
Make Profit ,make money,make pip,make happy
  • #142,698
  • Jul 5, 2009 11:18am Jul 5, 2009 11:18am
Quoting Exciter135
Just downloaded your new doc, not read yet, but a little bit worried about your boring my friend,something wrong with u?
haha no nothing is wrong .. but i actually was bored .. i didnt go out that night so i studied some charts
  • #142,699
  • Jul 5, 2009 11:26am Jul 5, 2009 11:26am
Quoting biTrader :)
northern option
As far as I know this count would be invalid , for wave d closed higher than wave b, for this to be valid wave d should have closed below the high of wave b . I could have misunderstood the theory , if someone else can post an opinion to clarify would be great, maybe I`m missing something about elliot waves.
Good luck to all this coming week.
I`ve been wrong before,and I may be wrong again.
  • #142,700
  • Jul 5, 2009 11:44am Jul 5, 2009 11:44am
Quoting cttrader
As far as I know this count would be invalid , for wave d closed higher than wave b, for this to be valid wave d should have closed below the high of wave b . I could have misunderstood the theory , if someone else can post an opinion to clarify would be great, maybe I`m missing something about elliot waves.
Good luck to all this coming week.
skewed triangle [a][b][c][d][e] , see rules

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