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Cable Update (GBPUSD)

  • #190,901
  • Jan 6, 2010 1:55am Jan 6, 2010 1:55am
Quoting fourxtrader
Please EXPLAIN... por favor.

Dr. D.
Major trend is still down trend as we are below the 24SMA on the daily and the 4hr chart. Playing long is playing against the major trend.

The long plays are the immediate and are played to pivot points on the chart...my simplex7 marker.

I am still taking the same 1m 24SMA triggers on trend, as in the immediate, and will only take a short on confirmation from the 24SMA cross below on the 15m chart.

Hope this helps.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,902
  • Jan 6, 2010 1:55am Jan 6, 2010 1:55am
Quoting Magix
heh...

Just as I was saying...grabbed a quickie for 13 more.
We may both win, or I may lose here. 24 pips to my 161.8 fib hence the 35 pip sl. Could spike up then drop.
  • #190,903
  • Jan 6, 2010 1:58am Jan 6, 2010 1:58am
Ctic...

Here is what I use the 55 EMA for.

First line of support. Dotted line on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 55.GIF Size: 31 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,904
  • Jan 6, 2010 2:01am Jan 6, 2010 2:01am
Quoting Magix
Major trend is still down trend as we are below the 24SMA on the daily and the 4hr chart. Playing long is playing against the major trend.

The long plays are the immediate and are played to pivot points on the chart...my simplex7 marker.

I am still taking the same 1m 24SMA triggers on trend, as in the immediate, and will only take a short on confirmation from the 24SMA cross below on the 15m chart.

Hope this helps.
Goes in the archive training manual.

Thanks,

Dr. D.
  • #190,905
  • Jan 6, 2010 2:01am Jan 6, 2010 2:01am
Quoting Ctic
We may both win, or I may lose here. 24 pips to my 161.8 fib hence the 35 pip sl. Could spike up then drop.
1.6036-38 shows as 200EMA on 30m and 55EMA on hourly.

Seems like a good place for reversal, but again, I still play by chart support only.
Attached Image (click to enlarge)
Click to Enlarge Name: res.GIF Size: 33 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,906
  • Jan 6, 2010 2:04am Jan 6, 2010 2:04am
Quoting ayaz
Wow! I would love to see a pic of your 54-screen setup!
One of thise days durning a time I am not trading I will upload.
  • #190,907
  • Jan 6, 2010 2:06am Jan 6, 2010 2:06am
Quoting Magix
1.6036-38 shows as 200EMA on 30m and 55EMA on hourly.

Seems like a good place for reversal, but again, I still play by chart support only.
I agree, this would be the reversal place. But if it decides to go to the 261.8 fib that is the 1.61000 area.
  • #190,908
  • Jan 6, 2010 2:10am Jan 6, 2010 2:10am
Quoting Ctic
I agree, this would be the reversal place. But if it decides to go to the 261.8 fib that is the 1.61000 area.
In the more immediate fibs...checking motions on the hourly, 200EMA resistance is right @ fib 50.

Price points marked, green line as 50.
Attached Image (click to enlarge)
Click to Enlarge Name: fib50.GIF Size: 32 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,909
  • Jan 6, 2010 2:12am Jan 6, 2010 2:12am
Quoting fourxtrader
What if it bounces off of your 200ema (blue dotted)
on your 5m or the yellow dotted 55ema (1.5988) on the 15m
and moves back up to the 200ema on your 15m. (1.6036)

Dr. D.

It's pushing for that mark. 1.6036

Now I'd like to see it trade above the 144ema (aqua)
for a number of candles on this 5m chart which is the
nearest of all of the charts to compression. The 1h
has already released slightly downward. Then the
energy from the 5m could push this down further.

Dr. D.
Attached Image
  • #190,910
  • Jan 6, 2010 2:14am Jan 6, 2010 2:14am
Quoting fourxtrader
It's pushing for that mark. 1.6036

Now I'd like to see it trade above the 144ema (aqua)
for a number of candles on this 5m chart which is the
nearest of all of the charts to compression. The 1h
has already released slightly downward. Then the
energy from the 5m could push this down further.

[i][color=#0000ff]Dr....
I still think this is the turnarond spot, the original 1.604 that I said it would hit.
  • #190,911
  • Jan 6, 2010 2:16am Jan 6, 2010 2:16am
Quoting Ctic
I still think this is the turnarond spot, the original 1.604 that I said it would hit.
I like. I'm now short at 1.6041 but I need to sleep.

Dr. D.
  • #190,912
  • Jan 6, 2010 2:18am Jan 6, 2010 2:18am
Quoting Ctic
I still think this is the turn around spot..
Would you please clarify.. turn around spot for further upward or back downward? I think down, right?
Don't tell me how much you can earn. Tell me how much you may lose..
  • #190,913
  • Jan 6, 2010 2:20am Jan 6, 2010 2:20am
Quoting EliteFX
Would you please clarify.. turn around spot for further upward or back downward? I think down, right?
The turnaround spot to go back down. I am dancing real close to my sl though. If I do get stopped out, well.. cant win them all.
  • #190,914
  • Jan 6, 2010 2:21am Jan 6, 2010 2:21am
waiting h4 to confirm
  • #190,915
  • Jan 6, 2010 2:24am Jan 6, 2010 2:24am
Hey Guys,

Top O' the Morning to you...
Corresponding w/your Numeral's there,
w/"Million Man Math" here,

What i see is from 1.6240 on downward to 1.5944,
times that by .38 on a "Retrace" of the big move
& i'm getting about 1.6056.

She 'Tuckered and 'Tired' herself out, "Panting" @1.6040's...
I'm Short, hopefully Southward bound is she!
Let's see how she goes.
Best of 'Pipping',

Jeff !
I will work to Objectively Identify my Edges
  • #190,916
  • Jan 6, 2010 2:25am Jan 6, 2010 2:25am
Quoting fourxtrader
I like. I'm now short at 1.6041 but I need to sleep.

Dr. D.
Dude,
EXACT same Entry Pt.
Let's see how she works Dr. D.
-Best of Sleep to you, if you do,

Jeff !
I will work to Objectively Identify my Edges
  • #190,917
  • Jan 6, 2010 2:27am Jan 6, 2010 2:27am
Quoting Ctic
The turnaround spot to go back down. I am dancing real close to my sl though. If I do get stopped out, well.. cant win them all.

Pick above one of these points as a sl from Magix charts.

The 200ema (agua dotted) on the 1h (1.6055) or
the 24sma (red line) on the 4h. (1.6073) or
the 55ema (yellow dotted) (1.6060) on the 4h.

Dr. D.
Attached Images
  • #190,918
  • Jan 6, 2010 2:33am Jan 6, 2010 2:33am
It went pretty mental for a short time there but nice to see it's broken free of that horrid little range.
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  • #190,919
  • Jan 6, 2010 2:34am Jan 6, 2010 2:34am
Quoting fourxtrader
Pick above one of these points as a sl from Magix charts.

The 200ema (agua dotted) on the 1h (1.6055) or
the 24sma (red line) on the 4h. (1.6073) or
the 55ema (yellow dotted) (1.6060) on the 4h.

Dr. D.
I did move my sl up 25 extra pips. but moving towards that.
  • #190,920
  • Jan 6, 2010 2:38am Jan 6, 2010 2:38am
it would be better to wait + news coming
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