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Cable Update (GBPUSD)

  • #169,541
  • Sep 25, 2009 8:05am Sep 25, 2009 8:05am
Quoting lucky ahmed
my portpolyo was at 69.40.....now have now idea how log i have to hold or cut the heavy loss.......
Ooph matey...I am still expecting a retracement and bounce from 62.30...
So mate pm me your email address so I can help you
Let Price determine your future!
  • #169,542
  • Sep 25, 2009 8:05am Sep 25, 2009 8:05am
selling rallies way to go gu and gj ... till we see some form of basing on daily. ..

gu 200 pip day
gj 120 pip day

just selling rallies and only in last 3.5 hours

ES is waffling today...could be consolidation day before G20 meeting. If this had direction gu and gj would have dropped a lot further

if going long get those stops at break even ASAP ... you are swimming up stream by going long...for now anyway.
Blogging daily now at www.volume.zone
  • #169,543
  • Sep 25, 2009 8:06am Sep 25, 2009 8:06am
Quoting albchr
Yes he is and it's his MA's that allow me to manage my trades so well. Once I learned how he uses them it's really pretty easy to mange the trade. However, it works far better (on the lower tf's) in a ranging market where you're entering and exiting a lot playing both directions.

This huge drop we had this week was where I lost any advantage with them because as you said, price leaves them behind. That's why I closed my 6380 short and reversed the other day. Since we haven't really had this big a move since I've learned EO's method, I wasn't...
thats strange ema's supposed to be a benefit for a trending market u have learnt something people cant even think of doing good stuff chris

take notice of the big picture and i tell nothing will stop u making money in forex im sure........good work buddy!
  • #169,544
  • Sep 25, 2009 8:14am Sep 25, 2009 8:14am
Quoting nAVIN2007
thats strange ema's supposed to be a benefit for a trending market u have learnt something people cant even think of doing good stuff chris

take notice of the big picture and i tell nothing will stop u making money in forex im sure........good work buddy!
Well I think the MA's used and the TF's they are used on makes a difference. However you just reminded me of something I read very early on about "staying" with the trade when under/over the MA's. LOL...cramming so much in over such a short time and I'm forgetting some key points.

Thanks Nav!!....
Ghost Rider - WWTBMD?
  • #169,545
  • Sep 25, 2009 8:20am Sep 25, 2009 8:20am
Quoting albchr
Well I think the MA's used and the TF's they are used on makes a difference. However you just reminded me of something I read very early on about "staying" with the trade when under/over the MA's. LOL...cramming so much in over such a short time and I'm forgetting some key points.

Thanks Nav!!....
  • #169,546
  • Sep 25, 2009 8:23am Sep 25, 2009 8:23am
Well that does it for me folks. Have a great weekend everyone!
Ghost Rider - WWTBMD?
  • #169,547
  • Sep 25, 2009 8:28am Sep 25, 2009 8:28am
LOL - NIce 70 pips 2 min spike!
  • #169,548
  • Sep 25, 2009 8:30am Sep 25, 2009 8:30am
Quoting Inzider
LOL - NIce 70 pips 2 min spike!

i dont think this wants to go down..
  • #169,549
  • Sep 25, 2009 8:32am Sep 25, 2009 8:32am
That`s a way to save your longs.... go go pound)
  • #169,550
  • Sep 25, 2009 8:33am Sep 25, 2009 8:33am
why the f*** this happened? it gave fuc**** margin call????
  • #169,551
  • Sep 25, 2009 8:33am Sep 25, 2009 8:33am
Quoting nAVIN2007
i dont think this wants to go down..
Can you show me a chart!???

JOKE

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

Broking 200EMA on 5 min chart (1.6009) next target is 600 EMA at 1.6120...
you can exchange that for 62 ema and 200 ema on 15 chart...
  • #169,552
  • Sep 25, 2009 8:35am Sep 25, 2009 8:35am
Quoting Endrju
why the f*** this happened? it gave fuc**** margin call????
Man, if 70 or so pips does that, you are WAY over leveraged on you trades.
Ghost Rider - WWTBMD?
  • #169,553
  • Sep 25, 2009 8:37am Sep 25, 2009 8:37am
Thanks BBMac!

Based on your analysis below, and the great charts you showed, I simply waited for the GU to hit support, and return to resistance around 1.6400 and played it short from there for a 400 pip profit! Entered on the 23'rd at 1.6400 and exited today at 1.6000.

Keep the posts up!

rd

Quoting bbmac
Cable continued selling last week off last Friday 11th's 6740 Hi to a 6228 Lo, giving up most of it's 6111-6740 recovery following the major 7043-6111 fall started on 5th August.

Friday's Daily candle closed bearish and the weekly candle closed as a bearish engulfing candle in what some suggested was an H&S pattern on that t/f the right shoulder being @ the descending resistance trend-line shown below.

http://i38.tinypic.com/1jrjix.gif

On the Daily t/f has has re-entered the congestion area that has built up since early June and...
  • #169,554
  • Sep 25, 2009 8:41am Sep 25, 2009 8:41am
Quoting albchr
I have seen you post these many times on EO's thread as well Dr. D. I do believe you are onto something with this as far as seeing the "energy build" as it were. Now if we can just figure out the "up or down" part of it. Perhaps going with the overall trend? (over what time we'd have to determine I'd guess).

Maybe a combination of WB's webs and your compressing MA's, we might have something that would add to our "edge".....hmmmm....
Agreed, these compression patterns will not tell which direction of the next move (some would say then, they are useless) but their recognition serves as an imminent signal and often offers a relative measure of the magnitude of the move. If the MMA's compression is developing or maturing and reaching its completion simultaneously on larger TF's so much the better then you can count on an even greater move when they do infact uncoil and release their 'energy'.

At least, this is what I'm observing.

As with any method, pulling the trigger off of the lower TF's with compression always gives a better trade entry.

So, couple this with your various analyses and it could shorten your screen time for trade set-ups. I slept through much of this compression development (ranging) after the big move. I only trade
with compression. If you scalp, you can stick with the 1 and 5m TF and never need to wait for the compression to develop in your analysis on larger TF's.

Nice to see another pair of eyes seeing this phenomenon and recognizing the possibilities. That's why I hang here to fit it in with other forms of analysis.

This recent screen shot shows a 5m chart with compression and the resultant increased activity in the last 4 hours.

Thanks,

Dr. D.

Dropping all illusion and observing thing without distortion.
Attached Image
  • #169,555
  • Sep 25, 2009 8:42am Sep 25, 2009 8:42am
gu is crazy today ....100 pip range x 4 in us session

talk about an account killer today for newbies , and even those who have been trading for a while

G20 is making this market today

I am enjoying the day trading but even I am having hard time keeping up lol
Blogging daily now at www.volume.zone
  • #169,556
  • Sep 25, 2009 8:44am Sep 25, 2009 8:44am
Quoting albchr
Man, if 70 or so pips does that, you are WAY over leveraged on you trades.
when i'm quite sure about there the price will move i put all money in, mostly it works very well, in this case i still stayed with what i got in the morning. Mostly it helps, but this time i lost, happens
  • #169,557
  • Sep 25, 2009 8:46am Sep 25, 2009 8:46am
I got back almost all of my yesterday lost, bring some more days like these!!!!

This ranging 100 pips crap is pure fun!
(Do I ever swing.... boaaa)
  • #169,558
  • Sep 25, 2009 8:47am Sep 25, 2009 8:47am
Man, Did I put my eggs in the wrong basket....

Down on the Dragon, <-wrong basket
Grand up on Cable <- Shoulda added more to this

Shrugs shoulders...

EZ come EZ go
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,559
  • Sep 25, 2009 8:50am Sep 25, 2009 8:50am
Quoting Endrju
when i'm quite sure about there the price will move i put all money in, mostly it works very well, in this case i still stayed with what i got in the morning. Mostly it helps, but this time i lost, happens
Hence the problem. Being "Quite sure" which way it will go. This isn't poker where you can be "relatively" sure you have a winning hand.

Just MHO but not a very reliable or consistent approach. It only takes once to blow an account as you just saw. I only hope it wasn't a live account or you have lots of money.

Good luck to you
Ghost Rider - WWTBMD?
  • #169,560
  • Sep 25, 2009 8:54am Sep 25, 2009 8:54am
Quoting malcolmb14
gu is crazy today ....100 pip range x 4 in us session

talk about an account killer today for newbies , and even those who have been trading for a while

G20 is making this market today

I am enjoying the day trading but even I am having hard time keeping up lol

this is just ping pong...i have my stop above the high of today..if that hit then it means this support is being kept alive and that to me after yesterdays move means we either going back to play the range or we retracing....

but this is crazy it isnt even respecting 1.60 ....just going through it like this is table tennis
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