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Cable Update (GBPUSD)

  • #184,301
  • Edited 8:55pm Nov 22, 2009 8:42pm | Edited 8:55pm
Since nothing else makes sense in the markets....

Currently the multiple ema charts from 1m up to 1h cry out for convergence and compression (drawing together of the multiple moving averages) and movement upward into the 1.6600's and above then it can release and spring back down to complete unfinished business by drawing the ema's on the 4h and the daily..... ~1.6400's - 1.6100's.

That is the natural continual process that is repeating, respecting all timeframes.

Dr. D.

  • #184,302
  • Nov 22, 2009 8:45pm Nov 22, 2009 8:45pm
Quoting fourxtrader
Since nothing else makes sense in the markets....

Currently the multiple ema charts from 1m up to 1h cry out for convergence and compression (drawing together of the multiple moving averages) and movement upward into the 1.6600's and above then it can release and spring back down to complete unfinished business by drawing the ema's on the 4h and the daily..... ~1.6400's - 1.6100's.

[i][color=#0000ff]That is the natural continual...
Daily bar is the trap atm...use weekly n H4 as a reference for better view ..just my poor advice
  • #184,303
  • Nov 22, 2009 8:54pm Nov 22, 2009 8:54pm
Quoting fourxtrader
Since nothing else makes sense in the markets....

Currently the multiple ema charts from 1m up to 1h cry out for convergence and compression (drawing together of the multiple moving averages) and movement upward into the 1.6600's and above then it can release and spring back down to complete unfinished business by drawing the ema's on the 4h and the daily..... ~1.6400's - 1.6100's.

[i][color=#0000ff]That is the natural continual...
Thank you!
  • #184,304
  • Nov 22, 2009 9:27pm Nov 22, 2009 9:27pm
Kinda new to this. What do you guys think this week will be like with a basically nothing in the US happening for Thurs & Fri? Will it effect the beginning the week much?
A woman drove me to drink, and I forgot to thank her
  • #184,305
  • Nov 22, 2009 9:40pm Nov 22, 2009 9:40pm
yes, I think its safe to say the trend is down! LOL

Thus sell a rally in this downtrend?




Sorry for no artistic impressions of my statement!
  • #184,306
  • Nov 22, 2009 10:02pm Nov 22, 2009 10:02pm
Quoting fourxtrader
The natural order of things.... fib retracts and ma compressions.

A 50.0 - 61.8 fib retract on the hourly.... why not?

It could take to up to ~1.6660 - 1.6700.

Dr. D.
cool ... exactly what i'm looking for ..
  • #184,307
  • Nov 22, 2009 10:28pm Nov 22, 2009 10:28pm
My sell entry at 1.6550 hit with stoploss 1.6600. 50pips for a chance if it falls on London.
  • #184,308
  • Nov 22, 2009 10:29pm Nov 22, 2009 10:29pm
MAE all,

Dr D, I enjoy these charts and agree with your statement. whenever there is tight compression we can expect explosive volatility to follow.

Fibs are always helpful. Thanks for posting.

Last week was interesting and we fell pretty far down, fast. I am looking for some further retracement up early in the week if certain areas are confirmed. Other wise, we may continue down.

Gold hit a New record high tonight on Asian open about 1163 area and world spot bid as of now is 1162.50.

I am experimenting with some new theories and MA combos. Last week got a bit tricky at times and I did not enjoy as much of the downtrend as I should have. But "when in doubt stay out!"

Dragon seems un-tradable and I am looking for cable entry.

Enjoyed 60 pips on the open of AUD/USD tonight. while in the "Gold head."

Quoting fourxtrader
The natural order of things.... fib retracts and ma compressions.
Dr. D.[/color][/i]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,309
  • Nov 22, 2009 10:36pm Nov 22, 2009 10:36pm
Quoting damien100888
My sell entry at 1.6550 hit with stoploss 1.6600. 50pips for a chance if it falls on London.
Move ur stop loss just above.. about 1.6628...
Following retracement and resistance I think it could be nice selling near 1.6604/1.6616....

You are risking to catch SL for nothing....

(All of this in case 1.6539 res will be broken.... )
  • #184,310
  • Nov 22, 2009 10:42pm Nov 22, 2009 10:42pm
I move to BE my Friday's evening trade, (post #184244)

Have a nice week trading !

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu h4 1.gif Size: 18 KB
Jesus Christ is my only Lord !
  • #184,311
  • Nov 22, 2009 11:29pm Nov 22, 2009 11:29pm
Quoting GlobalMacro
Good Morning,

Price trading almost three cents above the top of late october rally

LT bias still bullish though not strong enough for my taste

Andrew Sentance is on the wires saying BOE is open-minded about more
QEP...his comments are more contradictory than hawkish....

I'll be attempting a quick swing trade here

Selling @ 1.6870
Good Morning,

I'm exiting my short position set last Tuesday @ 1.6870 here at 1.6564
and taking profit for 306 pips

My Position Is Now FLAT.
Attached Image
Hear the music before the song is over ...
  • #184,312
  • Nov 22, 2009 11:29pm Nov 22, 2009 11:29pm
Quoting damien100888
My sell entry at 1.6550 hit with stoploss 1.6600. 50pips for a chance if it falls on London.

hi
whats your trading sys?

i think its up to 1.66 and 1.6681
  • #184,313
  • Nov 22, 2009 11:41pm Nov 22, 2009 11:41pm
Good Morning,

I'm exiting my short position set last Tuesday @ 1.6870 here at 1.6564
and taking profit for 306 pips

My Position Is Now FLAT.

Hi GM,

Thankyou for your posts I have benifited from them.
many many thanks and well done.

Regards Allan.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #184,314
  • Nov 23, 2009 12:00am Nov 23, 2009 12:00am
Taken a short with target of 1.6400
  • #184,315
  • Nov 23, 2009 12:05am Nov 23, 2009 12:05am
1.6578 with a target of 1.6602
  • #184,316
  • Nov 23, 2009 12:13am Nov 23, 2009 12:13am
Quoting LetsTrade
Taken a short with target of 1.6400

where would your s/l be?
  • #184,317
  • Nov 23, 2009 12:20am Nov 23, 2009 12:20am
Quoting saprasa
where would your s/l be?

25 pip
  • #184,318
  • Nov 23, 2009 12:22am Nov 23, 2009 12:22am
Quoting qp2
Good Morning,

I'm exiting my short position set last Tuesday @ 1.6870 here at 1.6564
and taking profit for 306 pips

My Position Is Now FLAT.

Hi GM,

Thankyou for your posts I have benifited from them.
many many thanks and well done.

Regards Allan.

Hi Allan,

You're Welcome.
Hear the music before the song is over ...
  • #184,319
  • Nov 23, 2009 12:23am Nov 23, 2009 12:23am
Quoting hipcio
I move to BE my Friday's evening trade, (post #184244)

Have a nice week trading !

Peter
Closed buy with +71 pps

Peter
Jesus Christ is my only Lord !
  • #184,320
  • Nov 23, 2009 12:30am Nov 23, 2009 12:30am
Quoting saprasa
where would your s/l be?
Stop at 1.6610: just beyond fib expansion of 161.8 ie 1.6594 Could go as high to 1.6650 where previous support was.

Just a bad habit of mine is that I pull the trigger too soon.
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