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Cable Update (GBPUSD)

  • #177,241
  • Oct 18, 2009 3:46pm Oct 18, 2009 3:46pm
Quoting peyman
is this up side flag?


I am thinking, it is not an "Ascending Triangle"...

Because from trendline analysis.
-Double top in 30min & 1hr chart.
-An inside Bar in 4hr chart.
-Over-Bought in the RSI in 15m, 30m, 1hr.
-Over-Bought in the Stoich 4hr chart.
-From Tom De-Mark, 21 candle bar count has just ended...
- From Eliot-wave count in 4hr DOWNward move to wave-3.

My take sell @ 1.6275...
And buy above 1.6450.
  • #177,242
  • Oct 18, 2009 3:47pm Oct 18, 2009 3:47pm
Quoting nAVIN2007
dillian i can actually trade a 1 minute chart better than u..but i dont want to trade 1minute time frame..why the hell can u just not accept this..this is becoming boring man!
navin bro, it becomed boring with those turveyd and kill

let's better talk about TA on cable for the week staying to begin..
LOL
  • #177,243
  • Oct 18, 2009 3:50pm Oct 18, 2009 3:50pm
Good luck people. See ya
Thank You
  • #177,244
  • Oct 18, 2009 3:54pm Oct 18, 2009 3:54pm
Quoting karimfx
navin bro, it becomed boring with those turveyd and kill

let's better talk about TA on cable for the week staying to begin..
kill is fine..but dillian man! please just let your charts do the talking, talk is cheap..
  • #177,245
  • Oct 18, 2009 3:55pm Oct 18, 2009 3:55pm
Attachment
Quoting Turveyd
@ Sliverheat.
...The 600sma and 1440sma work well, ( go back test them you'll be amazed ).

Why do they work ?? Because Banks and the like trade with huge volumes and use Programs to place there required orders, which use simple logic such as SELL Near 200ema.
I don't see anything wrong with your system "per se", however you cannot use what you consider a superior system to browbeat others into agreement. I learned a long time ago that, " a man convinced against his will is still of the same opinion".

I have therefore have to agree with Gammase, these short term TF / longterm TF discussions are tedious, and don't accomplish anything, it's like trying to convince the Republican House minority leader to switch to Democrat, it isn't going to happen, so give it a rest.

The other thing is, it is possible that Banks do use these moving averages, I really don't know. But how can you assume that they use it on the 1 min chart? I presume you realize that , say, 1 200 ema in the 1 min, is approximately 40 ema in the 5 min, and so on. Following that logic, a trader could easiy use higher timefrmaes, and achieve the same results as you do.

Finally, there is an alternative, we can trade outside of timeframe boundaries by using constant range / pip chart. For example the chart below ignores time in the creation of the bars, the next bar only starts when it has achieved a certain amount of pips. The X- axis of time is still valid, but it doesn't impact on the bar creation.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 28 KB
  • #177,246
  • Oct 18, 2009 3:56pm Oct 18, 2009 3:56pm
Who won? I went to get a trophy.
The Thief of Wall Street
  • #177,247
  • Oct 18, 2009 3:59pm Oct 18, 2009 3:59pm
Quoting Chicky
Who won? I went to get a trophy.
Prolly the best thing I have read today!

Buwahahahahahaha!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,248
  • Oct 18, 2009 3:59pm Oct 18, 2009 3:59pm
16282 on fx s
  • #177,249
  • Oct 18, 2009 4:00pm Oct 18, 2009 4:00pm
Quoting GodfreyH
Attachment

I don't see anything wrong with your system "per se", however you cannot use what you consider a superior system to browbeat others into agreement. I learned a long time ago that, " a man convinced against his will is still of the same opinion".

I have therefore have to agree with Gammase, these short term TF / longterm TF discussions are tedious, and don't accomplish anything, it's like trying to convince the Republican House minority leader to switch to Democrat, it isn't going to happen, so give it a rest.

The other...

My system was only posted in response to how can you trade off SMA's, so highlighting cause they WORK!! and there EASY which is kinda good

Yes you can scale down / up whatever but your accuracy is lower and it's hard to see S/R around these SMA's for confirmation ofcourse.

The system / EMA's hold up so well, it's the only logical reason for them to work, using there own system against them kinda works for me to.

Never heard of constant pip/range charty thingys, sounds interesting.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #177,250
  • Oct 18, 2009 4:01pm Oct 18, 2009 4:01pm
Gunna be one EFF of a gap fill on Cable.

Friggen Love these rides, it's like free money!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #177,251
  • Oct 18, 2009 4:02pm Oct 18, 2009 4:02pm
We always want the best man to win...unfortunately the best don't post at FF it seems


Quoting Chicky
Who won? I went to get a trophy.
Its all in the mind.
  • #177,252
  • Oct 18, 2009 4:02pm Oct 18, 2009 4:02pm
Well, cablwe opened @ 1.6282 hmmm...
The Sky is the Limit!
  • #177,253
  • Oct 18, 2009 4:02pm Oct 18, 2009 4:02pm
Quoting nAVIN2007
kill is fine..but dillian man! please just let your charts do the talking, talk is cheap..

Charts with meaningless predictions scribbled over them are cheaper!!

Go back and look at your old charts and see the accuracy rate, go on do it!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #177,254
  • Oct 18, 2009 4:02pm Oct 18, 2009 4:02pm
nice down move
  • #177,255
  • Oct 18, 2009 4:04pm Oct 18, 2009 4:04pm
cable opened with a 70 pip gap down. Or I would have shorted it but me wait now

Quoting ahlamo
Well, cablwe opened @ 1.6282 hmmm...
Its all in the mind.
  • #177,256
  • Oct 18, 2009 4:06pm Oct 18, 2009 4:06pm
Quoting 5abi
cable opened with a 70 pip gap down. Or I would have shorted it but me wait now
Of course, there will surely be a gap fill, then we'll see direction, either way i'm fine, i was still short since friday and just bought now to perhaps cash in some pips during the gap fill!
The Sky is the Limit!
  • #177,257
  • Oct 18, 2009 4:11pm Oct 18, 2009 4:11pm
Good deal. I opened the short on Friday at 6285 but then chickened out and closed for 4 and a half pips.

Not very fond of holding it over the weekend when my stops will be useless.

Quoting ahlamo
Of course, there will surely be a gap fill, then we'll see direction, either way i'm fine, i was still short since friday and just bought now to perhaps cash in some pips during the gap fill!
Its all in the mind.
  • #177,258
  • Oct 18, 2009 4:12pm Oct 18, 2009 4:12pm
Quoting ahlamo
Of course, there will surely be a gap fill, then we'll see direction, either way i'm fine, i was still short since friday and just bought now to perhaps cash in some pips during the gap fill!

hope not and stay down
  • #177,259
  • Oct 18, 2009 4:15pm Oct 18, 2009 4:15pm
Quoting ahlamo
Of course, there will surely be a gap fill, then we'll see direction, either way i'm fine, i was still short since friday and just bought now to perhaps cash in some pips during the gap fill!

So where are U from? U got some got...
  • #177,260
  • Oct 18, 2009 4:15pm Oct 18, 2009 4:15pm
Quoting kill
hope not and stay down
Like I said, whatever it does is fine by me. Of course I want to see that 1.57ish again but it is a big week for UK so we'll see!
The Sky is the Limit!
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