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Cable Update (GBPUSD)

  • #172,861
  • Oct 4, 2009 10:26pm Oct 4, 2009 10:26pm
Quoting forexlion
look the principle is very simple, give respect to women and they will give you their respect.
Not going to argue with you on that one, I am a softie when it comes to the women in my family .
  • #172,862
  • Oct 4, 2009 10:49pm Oct 4, 2009 10:49pm
Quoting forexlion
wow i made 63,554 Z$

in just 1 minute !!!

by the way 1 USD = 63,554 Z$ [zimbabwe $]
lol....always the jokester
Blogging daily now at www.volume.zone
  • #172,863
  • Oct 4, 2009 10:57pm Oct 4, 2009 10:57pm
LION! FOR YOU!
http://www.apmex.com/Resources/Catal.../50702_Obv.jpg
Quoting forexlion
wow i made 63,554 Z$

in just 1 minute !!!

by the way 1 USD = 63,554 Z$ [zimbabwe $]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #172,864
  • Oct 4, 2009 11:00pm Oct 4, 2009 11:00pm
MMA's flipping on the 15m chart but on the 30m are starting to gather and compress...
same thing happening on the GJ.

Compression > pressure > energy > release > separation > breakout

Just my observation.

Dr. D.
Attached Images
  • #172,865
  • Edited 11:30pm Oct 4, 2009 11:06pm | Edited 11:30pm
I follow this with less moving ave's and bollinger bands.

When the bands tighten to a small top and bottom breakout can be expected up or down. The question is, how do you project which way the break will go from your method?

Thanks!
X-

Quoting fourxtrader
MMA's flipping on the 15m chart but on the 30m are starting to gather and compress...
same thing happening on the GJ.

Compression > pressure > energy > release > separation > breakout

Just my observation.

Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #172,866
  • Oct 4, 2009 11:34pm Oct 4, 2009 11:34pm
Quoting Piters
sure.. how about one Soccer game ??

Argentina... maybe ??
..wow the right one is so cute
  • #172,867
  • Oct 4, 2009 11:37pm Oct 4, 2009 11:37pm
Quoting albchr
OK, added 5988 short here. Still think this puppy is going

OK really, sleep now...LOL
i should rather wait this H4 close and open a new one till London open for going any short as 6020-6050 look possible as well atm
  • #172,868
  • Oct 5, 2009 12:52am Oct 5, 2009 12:52am
1H chart... is it bull trap? or will continue to 6100?
Attached Image (click to enlarge)
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  • #172,869
  • Oct 5, 2009 12:59am Oct 5, 2009 12:59am
Quoting XTrade
LION! FOR YOU!
http://www.apmex.com/Resources/Catal.../50702_Obv.jpg
Good day to you,

Took my wife to Lake Kariba in Zimbabwe 12 years ago for a holiday on a houseboat there. The exchange rate then was Z$22 for a 1US$.....

Regards
  • #172,870
  • Oct 5, 2009 1:04am Oct 5, 2009 1:04am
Quoting TauTrader
Good day to you,

Took my wife to Lake Kariba in Zimbabwe 12 years ago for a holiday on a houseboat there. The exchange rate then was Z$22 for a 1US$.....

Regards
the exchange rate might look very promising now

but

1 bottle of milk now costs 10 Billion Z$

so do not have very high hopes
  • #172,871
  • Oct 5, 2009 1:11am Oct 5, 2009 1:11am
Auslanco is going for 1.6600 http://forexforums.dailyfx.com/blogs/auslanco/
  • #172,872
  • Oct 5, 2009 1:13am Oct 5, 2009 1:13am
Quoting forexlion
the exchange rate might look very promising now

but

1 bottle of milk now costs 10 Billion Z$

so do not have very high hopes
Hehe - that is IF you can find milk in the stores.... It is sad to see the deterioration there. Beautiful country with some of the best game reserves one could wish for...

Regards
  • #172,873
  • Oct 5, 2009 1:21am Oct 5, 2009 1:21am
Quoting TauTrader
Hehe - that is IF you can find milk in the stores.... It is sad to see the deterioration there. Beautiful country with some of the best game reserves one could wish for...

Regards
game reserves are all gone, the current president only wants money
  • #172,874
  • Oct 5, 2009 1:27am Oct 5, 2009 1:27am
Quoting grashid
i should rather wait this H4 close and open a new one till London open for going any short as 6020-6050 look possible as well atm
..ok see later in US
  • #172,875
  • Oct 5, 2009 1:34am Oct 5, 2009 1:34am
Quoting albchr
Fully expect a "possible" test of the 6023 area again. Then down we go.
Ok, we be there. Now let's see if it still wants to go up.

Good MAE Everyone.....
Ghost Rider - WWTBMD?
  • #172,876
  • Oct 5, 2009 1:39am Oct 5, 2009 1:39am
Quoting XTrade
I follow this with less moving ave's and bollinger bands.

When the bands tighten to a small top and bottom breakout can be expected up or down. The question is, how do you project wh,ich way the break will go from your method?

Thanks!
X-
Please don't ask projections from me. No one knows where the market will move.

I've said before, the compression pattern alone narrowly viewed on one portion of a chart doesn't indicate the direction of movement. It doesn't tell you WHERE... but I believe it helps tell you WHEN in a narrower time frame. That could be huge. I treat it like an alert signaling that accelerated movement will imminently occur based on that time frame.

Enter then once it breaks out of the narrow range... or more conservatively enter after the breakout and on a pull-back. If you're daring enter while in the compression if your analysis is sound.

The work of Daryl Guppy and Alan Hull using MMA's has shown that this compression pattern indicates the market (short term traders and long term investors) are all in price agreement which then serves as "an alert to the trader of increased price volatility and the potential for good trading opportunities". Their method, not mine, gives further indicators from these patterns for entries and exits such as bubble burst patterns.

When this compression is completing, obviously the direction of movement slows or narrows (I think some refer to it as 'acummulation')often bringing the ema's to within a 2 - 5 pips range. I've noticed that some traders from their posts on the threads often get disgusted with the narrow price action and lack of movement and often walk away from their charts only to return when there has been a 'pop' in movement. I'm not just talking about a ranging situation... I'm only talking about a compression phenomenon only seen on the charts showing these MMA's producing a subsequent movement of a relative magnitude to that time frame. I doubt if one can tell from a naked chart that a 150 ma and a 75 ma and a 5 ma are all stacked upon each other yet this seems to have a reactionary significance in the marketplace and upon the attitude of the 'herd' and it keep repeating itself continually.


When I see this developing I start looking to the other time frames to determine the current direction... with the trend or against the trend on a retrace...ST, MT or LT and the location of other S/Rs including TLs and Fibs.

I'm still in the discovery phase so I don't have 'a method'. I am trying to point this out to the 'mob' so that perhaps others have observed or will observe this interesting 'phenomenon'. For to me it is so very peculiar that when either the 1m or 5m or 15m or any tf gathers, compresses... it will release just like heating water to the boiling point, steam has to rise. It is a physical reaction, almost like it is governed by irrefutable laws of market behavior.

Why is it valuable? From what I have observed, locating a pattern of full compression and it's inevitable and more often immediate explosive release and separation produces faster moves (relative to the time frame) similar to what is seen folling a news release. No need then to sit around the charts waiting and watching the 'paint dry' never knowing if and when there will be movement.

Just my observation.

Dr. D.
  • #172,877
  • Oct 5, 2009 1:45am Oct 5, 2009 1:45am
Goodluck to all traders...
  • #172,878
  • Oct 5, 2009 1:45am Oct 5, 2009 1:45am
Quoting Spanishfly
Auslanco is going for 1.6600 http://forexforums.dailyfx.com/blogs/auslanco/

Disclaimer: I am an intraday trader not a long term trader, but that scenario would be interesting to see play out.

If you look at the 4hr chart, there's a lot of wood to chop , then looking at the fortnightly chart below the candlestick pattern seems to indicate a clear downtrend. But we'll see how this all turns out.


Cheers
Attached Image(s) (click to enlarge)
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  • #172,879
  • Oct 5, 2009 1:45am Oct 5, 2009 1:45am
Thx for the DROP 30 pips )
  • #172,880
  • Edited 2:17am Oct 5, 2009 1:47am | Edited 2:17am
Quoting fourxtrader
Please don't ask projections from me. No one knows where the market will move.

I've said before, the compression pattern alone narrowly viewed on one portion of a chart doesn't indicate the direction of movement. It doesn't tell you WHERE... but I believe it helps tell you WHEN in a narrower time frame. That could be huge. I treat it like an alert signaling that accelerated movement will imminently occur based on that time frame.

[color=blue][i]Enter then once it breaks out of...
Use double top & bottom for H4 for OB/OS confirmation and use M15 as an entry...Daily/Weekly/Monthly is the overall trend check. All in all our chart spell everythings and that is what I did for a couple of month with 88-94% accuracy. Someone from here and Auslonco know how much i made and he know well how to use this regardless of all lagging indicator and some BS news. Get it try and feel it..Good luck

P/s : Few tips from me :-

1. Use 1sen/10 sen to measure and weight your PA movement if u r not really know where PA to go (make sure u have capital of 1K and above, other wise u may have margin call from this lot size)
2. Use M5/M15 vs H4/D1 for an entry point
3. Understand the chart pattern (so far so good for me)
4. Use trendline to see retracement from H1/H4, OB/OS or S/R
5. Daily S/R to see where to go and SL setting base on high/low yesterday price (am not interested to use this SL as long as we have very disciplin and good MM)
6. Make step by step profit taking by max 3 entry per pair with combination of daily/intra+swing+scalp. If scalp able to close it at max 30-50pips...use only one left entry and do not abuse that with adding more entry

Good luck as this is just my poor opinion...
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