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Cable Update (GBPUSD)

  • #184,501
  • Nov 24, 2009 1:35pm Nov 24, 2009 1:35pm
can anyone help on how to interprete this thing.
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  • #184,502
  • Nov 24, 2009 2:14pm Nov 24, 2009 2:14pm
Quoting micho
looking to sell USDCAD on 4h signal target adjustable 1.0559
looking to buy EURUSD on 4h signal target adjustable 1.498x
got in short few hours ago at 1.5980 target brushed but not yet touched, target remains at 1.5640
When life gives you lemons, make lemonade
  • #184,503
  • Nov 24, 2009 2:16pm Nov 24, 2009 2:16pm
Quoting micho
short GBPJPY at 147.855, first target 144.65, second target 139.05
Stop loss at BE for second order if we reach 1.4465
dont copy
still in up 115 in both so far
When life gives you lemons, make lemonade
  • #184,504
  • Nov 24, 2009 2:17pm Nov 24, 2009 2:17pm
Quoting Baby-Trader
can anyone help on how to interprete this thing.
Never seen the indicator before, have others like it. How about

The red is bear, blue bull, and yellow neutral. Higher the mountain, more of what's being measured: Volume, likely.
Its purpose of being sideways is to establish (volume) levels, rather than the usual time-based presentation.
  • #184,505
  • Nov 24, 2009 2:19pm Nov 24, 2009 2:19pm
Quote:
Originally Posted by micho http://cdn.forexfactory.com/images/buttons/viewpost.gif
USDCAD in at 1.05720 target adjustable 1.04360

GBPUSD in at 1.6795 target adjustable 1.6853, BE once we hit adjustable 1.6837

DONT COPY MY TRADES OR YOU DIE

Quote:
USDCAD still in play
Quote:
GBPUSD Closed at BE for safety reasons, still favoring longs thought without being in a trade
Quote:
still in play
still in play, though something weird is happening http://cdn.forexfactory.com/images/s.../yim/happy.gif expecting a very volatile day tomorrow
Quote
target adjusted to 1.0509 http://cdn.forexfactory.com/images/s.../yim/happy.gif

out several hours ago at 1.05490 for +21 (from +110 to +21... too bad)
When life gives you lemons, make lemonade
  • #184,506
  • Nov 24, 2009 2:23pm Nov 24, 2009 2:23pm
Quoting Baby-Trader
I think the wave 5 has been started.
may be right, may be wrong.
good luck everyone.

hmmmmm, seems a bit uneccesary to me!

keep it simple.
  • #184,507
  • Nov 24, 2009 2:28pm Nov 24, 2009 2:28pm
Quoting hipcio
I place sell limit order @ 1,6599 SL 1,6677

Peter

looks like opened

Peter
Jesus Christ is my only Lord !
  • #184,508
  • Nov 24, 2009 2:30pm Nov 24, 2009 2:30pm
Quoting fourxtrader
A nice bounce off of a packed compression of ema's up at ~1.6583....
(6 strong: 54ema - 144ema)... so grab the ~30 pips and run.


Talk about a nice area of resistance. Since it's only the 15m chart
it may only be momentary.

Dr. D.
Here we see the completion of that earlier rejection at the bunched ema's which resulted in nearly ~90 net pips.

Now the PA is back above the earlier compression zone drawing the ema's again together to start another cycle of gathering and convergence.

If it fully compresses in the next few hours around ~1.6571 (144ema) it should produce the energy for another good breakout by or during the Asian session.... perhaps UP this time out of this ranging condition. The 30m and 1h charts are prime for further convergence and compression. That may not occur until next week with the holiday coming.

Dr. D.
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  • #184,509
  • Nov 24, 2009 2:36pm Nov 24, 2009 2:36pm
Quoting ha-pattern
Never seen the indicator before, have others like it. How about

The red is bear, blue bull, and yellow neutral. Higher the mountain, more of what's being measured: Volume, likely.
Its purpose of being sideways is to establish (volume) levels, rather than the usual time-based presentation.

thanks for your short explaination.
  • #184,510
  • Nov 24, 2009 2:38pm Nov 24, 2009 2:38pm
i expect for short in next hours...

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  • #184,511
  • Nov 24, 2009 2:41pm Nov 24, 2009 2:41pm
the last bar on h4 is an inverted pin and I expect the price to go to the bottom of it at least

Peter
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Jesus Christ is my only Lord !
  • #184,512
  • Nov 24, 2009 2:45pm Nov 24, 2009 2:45pm
but before the price may like to create an inside pin, but also it can create a double low higher close lets see...
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Jesus Christ is my only Lord !
  • #184,513
  • Nov 24, 2009 2:45pm Nov 24, 2009 2:45pm
Quoting hipcio
the last bar on h4 is an inverted pin and I expect the price to go to the bottom of it at least

Peter
don't copy my expect
  • #184,514
  • Nov 24, 2009 2:45pm Nov 24, 2009 2:45pm
Got to make some cash!!.... Sella-la-mania. click sell
  • #184,515
  • Nov 24, 2009 2:46pm Nov 24, 2009 2:46pm
Quoting Reznik
Got to make some cash!!.... Sella-la-mania. click sell
10000 lots enough?
  • #184,516
  • Nov 24, 2009 2:48pm Nov 24, 2009 2:48pm
But Finally I can see a bearish outside bar on weekly, at 61fibo,
it makes me convinced of general south direction, but who knows?

Peter
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Jesus Christ is my only Lord !
  • #184,517
  • Nov 24, 2009 2:49pm Nov 24, 2009 2:49pm
Quoting FXAdvice
don't copy my expect

why not if it works

but if not

Peter
Jesus Christ is my only Lord !
  • #184,518
  • Nov 24, 2009 2:52pm Nov 24, 2009 2:52pm
atm 1.6605 is very good resistance.. any short below should be safe now..we may reach 1.6530 later.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #184,519
  • Nov 24, 2009 2:55pm Nov 24, 2009 2:55pm
Quoting alex1976
hmmmmm, seems a bit uneccesary to me!

keep it simple.
do you see that asc channel.
what do you think?
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  • #184,520
  • Nov 24, 2009 2:56pm Nov 24, 2009 2:56pm
Quoting hipcio
why not if it works

but if not

Peter
don't worry brother i will open 10000 lots short...


also the way i observe market, without any indicator as i said before...
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