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Cable Update (GBPUSD)

  • #170,241
  • Edited 4:26pm Sep 28, 2009 4:25pm | Edited 4:26pm
Yes! (it is 462 pips)

nAV, do you trade daily TF & or H4?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,242
  • Sep 28, 2009 4:26pm Sep 28, 2009 4:26pm
Quoting XTrade
Yes! (it is 462 pips)

nAV, do you trade daily @ H4?

monthly, weekly and dailly, i try only to get signals of 4hr leading into larger time frame..even 4hr makes me nervous
  • #170,243
  • Sep 28, 2009 4:29pm Sep 28, 2009 4:29pm
I see what you mean.

Now the question is exit. 5700 (intended exit) seems so far away.
5800 seems to have held up as resistance.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,244
  • Sep 28, 2009 4:32pm Sep 28, 2009 4:32pm
Quoting nAVIN2007
monthly, weekly and dailly, i try only to get signals of 4hr leading into larger time frame..even 4hr makes me nervous
So u have weekly,daily,4h and u post 1h and 15m that count 5 charts for 1 pair
  • #170,245
  • Sep 28, 2009 4:34pm Sep 28, 2009 4:34pm
I like this chart which shows the ema's
converging on the 15m chart and their
directions are all headed to an area near
the round number @ 1.5900.

More ranging and compression in this area
would be good to build up the energy for
the next big move some hours away.

I only trade off the compressions.

Dr. D.
Attached Image
  • #170,246
  • Edited 4:39pm Sep 28, 2009 4:39pm | Edited 4:39pm
Are you in a trade? Or waiting for setup I take it.

Quoting fourxtrader
[i][color=blue]I like this chart which shows the ema's I only trade off the compressions.

Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,247
  • Sep 28, 2009 4:45pm Sep 28, 2009 4:45pm
Quoting egkid
So u have weekly,daily,4h and u post 1h and 15m that count 5 charts for 1 pair

i only post lower because of forum ....to show analysis

anyway im off now ...see u all l8er
  • #170,248
  • Sep 28, 2009 4:48pm Sep 28, 2009 4:48pm
Quoting wormboy
Nice one bb. On the same ride with you for the same reason
Yeap...sure do agree with u guys on suggested senario 6120 - 40 area would be good to reload short, with well placed sl
  • #170,249
  • Sep 28, 2009 5:00pm Sep 28, 2009 5:00pm
Morning guys...

http://www.forexfactory.com/showpost...stcount=169985

I didn't have time to post my calls last night but I took my long at 1.6858 off the table at 1.6900 for + 42pips....

small reverse at 1.5900 to 1.5820 (which is also the rising TL of the retrace) for + 80pips.

Currently holding long 1.5820... SL 1.5740... 1.6140....

See you guys at the london session
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #170,250
  • Sep 28, 2009 5:00pm Sep 28, 2009 5:00pm
I am still waiting for a close below 1.5800 to short.
  • #170,251
  • Edited 7:41pm Sep 28, 2009 7:19pm | Edited 7:41pm
What targets are you looking at? Potentially?

Seems to have bounced of your support @ 5914 "for now!"

I ended 2 lots @ 5892 for 459 pips. 1 lot open hoping for further retracement to 5890 or lower from last break out.
This is my best trade to date!!! (Due to longer TF) And the fine people that post in this thread.



Quoting fourxtrader
I like this chart which shows the ema's ]Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,252
  • Sep 28, 2009 7:39pm Sep 28, 2009 7:39pm
Quoting insomnia_76
I am still waiting for a close below 1.5800 to short.
To short @ 5800?

edit: I would like to breach that area.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,253
  • Sep 28, 2009 8:07pm Sep 28, 2009 8:07pm
1.5884 again. -_-"

1.5884 resistance is so strong.
  • #170,254
  • Sep 28, 2009 8:18pm Sep 28, 2009 8:18pm
Looking to add longs @ 1.5858(ish).

Seems to be the trend line and the 23.8 on my fibs for this last move.

Will watch for direction, but I gotta good feeling bout this point.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,255
  • Sep 28, 2009 8:22pm Sep 28, 2009 8:22pm
Quoting XTrade
To short @ 5800?

edit: I would like to breach that area.
I am waiting for 1.4700 to open shorts

in the meantime, as a time pass, I am long with targets of 1.60 or 1.62 whatever comes on 4 hour.
  • #170,256
  • Sep 28, 2009 8:25pm Sep 28, 2009 8:25pm
Quoting forexlion
I am waiting for 1.4700 to open shorts

in the meantime, as a time pass, I am long with targets of 1.60 or 1.62 whatever comes on 4 hour.
LOL
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,257
  • Sep 28, 2009 8:31pm Sep 28, 2009 8:31pm
Are you in a trade? Or waiting for setup I take it.
Quoting XTrade
What targets are you looking at? Potentially?

Seems to have bounced of your support @ 5914 "for now!"
Sorry to not answer you earlier, I've been away from this for a few hours and from trades all day....and busy in my office. Obviously then I missed the US action. I don't trade everyday.

I mentioned watching the 15m chart to see if the ema's will gather later... or in otherwords, resulting from the PA moving upward. On that chart, if it should continue to range around 1.5900 between currently the 150ema (1.5911) and the 60ema (1.5877) that would be good so then the ema's on this tf will compress. The 5m ema's have already separated upward and this will help in gathering the 15m (and eventually the higher tf's) if more retracement occurs. This will take hours and likely will lead into the London. Obviously if it moved significantlly up above the 150ema (15m chart) it will pull the ema's together faster on the higher tf's. The 30m and 1h charts are too separated to come to compression anytime soon. Trading off of these charts maturing to compression as a foundation might lead to as little as only one or two trades per week.

My targets are always S/R's, fibs and the moving averages on the tf's higher than my entry as well as their repeating and overlapping patterns (and confluences). I also respect whole and quarter numbers.

In time, I wish to learn more PA and the VSA methods that Malcomb14 promotes. Just don't have the time to dedicate those studies. Then again if I could get my head around these compression and breakout patterns on the various time frames maybe no other method is needed.

Just for example....
Look at this currrent 30m chart. A trade from the break off compression happened on 9/24 (~6:30 gmt) from 163.58 and could still be running... with up to 500 pips bagged. Why would you close if it only consolidates and moves down lower as Malcomb14 has projected.

I would welcome others who are seasoned and open to prove or disprove the value of these mma compression patterns as imminent signals (even stand-alone) to trade from. The work of Daryl Guppy GMMA's has been around for a long time. Hardly anything I have developed. It has shown up here on these threads and like so many ideas never survived. Linuxtroll created some of the beautiful 'rainbow patterns' (has a following elsewhere... somewhere) but his array sent me into brain seizures with too many colorful images. LOL

Dr. D.


Attached Image
  • #170,258
  • Sep 28, 2009 8:32pm Sep 28, 2009 8:32pm
Quoting Magix
LOL
He did say 5800 to short!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,259
  • Sep 28, 2009 8:44pm Sep 28, 2009 8:44pm
Possible 100 ish pips on the dragon on the table as a current short...

Think ima gunna sit out that ride though.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,260
  • Sep 28, 2009 8:44pm Sep 28, 2009 8:44pm
These three charts might give a good trade
signal off of a 1m compression seeing the
5m chart pulling back to it's earlier gathering
and the 15m chart ema's converging.

Just a thought. Don't forget the s/l.

Dr. D.
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