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Cable Update (GBPUSD)

  • #185,581
  • Dec 2, 2009 12:10pm Dec 2, 2009 12:10pm
Quoting samdani786
Well done bro. I wish i could do that too but i am not good at all in scalping
Now wait a second...I never said I was good at it...kinda like sex, I may not be all that great, but typically at the end, I am smiling!

This is just beer money...I play singles on unsurity incase I am wrong, when all ducks are in line, if I am red on the day, I will cover with multi lots and direction...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,582
  • Dec 2, 2009 12:11pm Dec 2, 2009 12:11pm
Hmmm...

http://www.forexfactory.com/showthre...41#post3276641
  • #185,583
  • Dec 2, 2009 12:15pm Dec 2, 2009 12:15pm
Quoting Magix
Now wait a second...I never said I was good at it...kinda like sex, I may not be all that great, but typically at the end, I am smiling!

This is just beer money...I play singles on unsurity incase I am wrong, when all ducks are in line, if I am red on the day, I will cover with multi lots and direction...
You have to be good to come out positive in scalping . you dont have to be good in sex at the same time though
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,584
  • Dec 2, 2009 12:16pm Dec 2, 2009 12:16pm
Quoting direct-trade
Hmmm...

http://www.forexfactory.com/showthre...41#post3276641
Sooooooooooo trueeeeeeeeeeeeeeeeeeeeeee
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,585
  • Dec 2, 2009 12:19pm Dec 2, 2009 12:19pm
Quoting Magix
Agreed...but I still stick to my plays...all about support and resistance...okay, so maybe on a long I was a little early to the party, we hadn't seen a challenge of support, but now we have, and it has held, so I will still scalp longs until we clear all time frames and then follow direction then.
S&R. Absolutely. Remember EOHater? He too is all about S&R using a selection of MA's and defines them as dynamic (ever moving) levels of S&R.

By the way, I didn't mean to imply that this recent 1m sudden move down was a firm directional change to initate a bear move. 1m and 5m moves seldom are strong enough... but they can supply the energy much like waves to energize the larger time frames as they are forming.

Now the 1m is consolidating again (as the ema's begin to gather) and it could compress and make another move. If it went down again (to say ~1.6600 [144ema on the 15m chart]) this would add further to the 5m compression (see the chart) that will naturally take a while longer to form. Then if the energy is transferred to a full 5m compression and release it could drive this back upward and continue the trend that is seen on this 15m chart... that fitting nicely into the larger trend direction.

All I'm saying is... the charts move in rhythmic waves and these smaller patterns provide the power. They may seen illogical and random but they too have a 'method to their madness'... just like you.

Dr. D.
Attached Images
  • #185,586
  • Dec 2, 2009 12:25pm Dec 2, 2009 12:25pm
Quoting fourxtrader
S&R. Absolutely. Remember EOHater? He too is all about S&R using a selection of MA's and defines them as dynamic (ever moving) levels of S&R.

By the way, I didn't mean to imply that this recent 1m sudden move down was a firm directional change to initate a bear move. 1m and 5m moves seldom are strong enough... but they can supply the energy much like waves to energize the larger time frames as they are forming....
What's funny, is I watch for your compression signals and try figure out direction...unless of course it's blatantly obvious...

EO got a good thread going, and a perfect signature, play what you see, not what you think...It's figuring out what you see that sometimes is a challenge.

Especially over the last couple weex anyways, where we have been so void of clear direction and are just in a very wide channel.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,587
  • Dec 2, 2009 12:32pm Dec 2, 2009 12:32pm
Quoting fourxtrader
S&R. Absolutely. Remember EOHater? He too is all about S&R using a selection of MA's and defines them as dynamic (ever moving) levels of S&R.

By the way, I didn't mean to imply that this recent 1m sudden move down was a firm directional change to initate a bear move. 1m and 5m moves seldom are strong enough... but they can supply the energy much like waves to energize the larger time frames as they are forming....
Nice explanation. What kind of ema's period you use ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,588
  • Dec 2, 2009 12:32pm Dec 2, 2009 12:32pm
Quoting samdani786
You have to be good to come out positive in scalping . you dont have to be good in sex at the same time though
On my bedroom ceiling, I have a LCD screen with the 1 minute cable chart running..

When I go yippee ! I really mean it
  • #185,589
  • Dec 2, 2009 12:35pm Dec 2, 2009 12:35pm
Dec 12:00:04 PM U.S. Treasury's Geithner says that the $700 billion financial bailout program will end soon but did not provide details.
  • #185,590
  • Dec 2, 2009 12:51pm Dec 2, 2009 12:51pm
S/L set to BE

Hope them bands are tightening in the right direction this time!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,591
  • Dec 2, 2009 12:52pm Dec 2, 2009 12:52pm
Quoting Magix
As we walk up with the 24SMA line on the 30, we are moving a lot further topside from the support on the 1hr...

That still seems bullish to me...
I also see bullish again ---> Move down - stuck on 1.6637 ! If next H4 close above 1.6663 will perform a nice bull pin and I maybe entry long again !

Ups ..... close long + 18 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,592
  • Dec 2, 2009 12:53pm Dec 2, 2009 12:53pm
Quoting manize
I also see bullish again ---> Move down - stuck on 1.6637 ! If next H4 close above 1.6663 will perform a nice bull pin and I maybe entry long again !

Ups ..... close long + 18 pips !
Way to go TIGER!

Ya gotta be in it to win it!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,593
  • Dec 2, 2009 1:02pm Dec 2, 2009 1:02pm
pulled S/L, gunna do this one manually!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,594
  • Dec 2, 2009 1:12pm Dec 2, 2009 1:12pm
Quoting allserene
On my bedroom ceiling, I have a LCD screen with the 1 minute cable chart running..

When I go yippee ! I really mean it
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,595
  • Dec 2, 2009 1:35pm Dec 2, 2009 1:35pm
Possible trigger to downside on the 30m chart...

Exited position -1
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,596
  • Dec 2, 2009 1:39pm Dec 2, 2009 1:39pm
Overall bearish picture
Attached Image
  • #185,597
  • Dec 2, 2009 2:16pm Dec 2, 2009 2:16pm
Beer and sex like buy and sell never go together
Beer works out female hormons and depresses male hormons
Quoting Magix
Now wait a second...I never said I was good at it...kinda like sex, I may not be all that great, but typically at the end, I am smiling!

This is just beer money...I play singles on unsurity incase I am wrong, when all ducks are in line, if I am red on the day, I will cover with multi lots and direction...
  • #185,598
  • Dec 2, 2009 2:19pm Dec 2, 2009 2:19pm
Quoting manize
Nice explanation. What kind of ema's period you use ?
Nothing special since it is the combined affect of evenly spaced multiples as they compress and separate that we are viewing representing the behavior of the mob in moments of market aggitation.

Any evenly spaced linear display of mma's will do but I like this spacing using exponential ma's: (6), 18, 36, 72, 90, 108, 126, 144.

I know that larger even numbers (ma's) such as 100 and above are very useful... more for target points as major support or resistance levels.

Probably doesn't matter that much what is used as long as it is a progressive display of numbers but I sometimes wonder if my 'rainbow' should be spaced differently, such as a logarithmic regression. Since I use ema's, their value is weighted differently than simple... so maybe the displayed number should also be weighted differently... with examples such as 6, 12, 17, 21, 24, 26, 27 (etc.) and 36, 45, 53, 60, 66, 71, 75, 78, 80 (etc) and just how that may play out on the charts might be fun to follow.

I'm still keeping it ridiculously simple. Just a visually appealing tapestry of colors, all serving one single purpose.

Dr. D.
  • #185,599
  • Dec 2, 2009 2:25pm Dec 2, 2009 2:25pm
after long time cable headed to south, as i said before breaking 1.6640 will increase the power of sell wave
  • #185,600
  • Dec 2, 2009 3:08pm Dec 2, 2009 3:08pm
Quoting Baby-Trader
Short entered @1.6680 SL 1.6760 TP 1.6290.
mmmmmmmmmm let's see.
Quoting Baby-Trader
Loaded another Short @1.6680 too.
Lets see.
Patience,Patience,
Patience,Patience,
Patience,Patience,
Patience,Patience,
Patience,Patience,
Patience,Patience,

Still hold these shorts 45+ till now.
SL changed to BE
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