Cable Update (GBPUSD)

Haha!! What Van damme movie is that?

Good day to you all,

Short @ 1.6513. If I am not taken out in the next three 30 min bars, I am good to go.

Regards

he actualy looks like Van Damme! No?!
http://www.caradisiac.com/media/imag...-damme-niv.jpg

okay but was it in a "downtrend" at the time of my post?

bantai wb ..jgn x bantaiii..satu mse nnti kiter gelakk besarrrrr..huahuahua

hahahaha

have u seen the shit on a 1 minute chart....sure quick way to heart attact after blowing the account

according to the M1, we should hit 390. I want to see

hahahaha yea I know, but I have absolutely nothing to do right now. Thought I'd try to figure the M1 out using trendlines like I do on my higher timeframes.

bro u too funny

Hi GM...you have to bring back that Van Dam clip again? LOL
I have been waiting for your entrance to this thread...you always know how to make an impact!!

Almost fell asleep looking at GU in the twilight zone.

M1 is just so damn slow. why do they not have an S30 or S15?

Que.

OMG!!! This is getting better and better.....

He's hypersensitive too...looool

Puuuuurrrrrllleeezzzz Don't Go!!!

Damn where's that song????

Just sleeping..... Do not wake that thing up!

The chart is making a slow down trend until 20 is broken.
Could look like a round top... in fact its ranging at top, kind of a flag.

Hi WM, I trade mainly from a 1min trigger, looking for hi-probability repeating indicator patterns with a price action trigger at both potential support/resistance/sbr/rbs on the 1hr (+) t/f and potential sbr/rbs on the 5min t/f. These repeating indicator set-ups are both Reversal (against immediate price action/trend) based on regualr divergence and Re-entry to next t/f trend (after a pullback) based on hidden divergence.

For me, it matters not what the trend is on 1min as it is only the trigger, the trend for me is important on the 5min intermediate t/f and 30min trend t/f and whether these trends are co-existant with each other and indeed with the 1hr (+) t/f's.

As far as trend is concerned I guauge this using overall price action-(opa) peak/valley analysis on each t/f. (Presently the 5min t/f is ranging)

Confluence is derived from having supporting repeating indicator set-ups on the intermediate t/f + and by potential support/resistance factors on t/f's above that of the highest t/f supporting set-up. For example a 5min hidden divergence based Re-entry into a 30min/1hr opa downtrend can be better timed on the 1min trigger t/f with a regular divergence/extreme oscillator reading Reversal set-up there, @ a 1hr potential sbr/rbs zone.

The technical confluence of hi-probability repeating indicator set-ups with an individual price action (ipa) trigger @ pre-identified potential support/resistance based mostly around and preferred @ previous imvbalances of supp/dem or dem/supp on the t/f above the highest supporting set-up allows for a high strike trading system/methodolgy and by trading at areas where the market has been proven to attract buyers/sellers.

An example of a 1min Re-entry (after a pullback) into a 5min + uptrend is shown below;

http://i33.tinypic.com/29b126h.gif
http://i35.tinypic.com/2it6k41.gif

There are of course some nuanced and repeating proprietary price action observations that add to the success of the system/methodology, and it is this experience that allows me to act at the set-ups with an ipa action trigger only in the highest probability opa circumstances.

G/L

Hypersensitive? But I got the skirt from you

there's a double top.

It's from Breakin', he was just an extra in that though...

Agree, even 3 top pattern... 1.6400 is the base, under that = breakout point down.

The chart is making kind of a H&S at 1.6400 now... testing it again, but remain down until 20 not broken.