Cable Update (GBPUSD) | Page 9554 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #191,061
  • Jan 6, 2010 11:36am Jan 6, 2010 11:36am
Quoting fourxtrader
OK, here's a compression pattern forming on the 5m.
Look how 6 of the 9 EMAs are tightly packed.

I'm counting on this dropping back down through the bunch
with vigor.

If it doesn't I get stopped out 10 pips above the top, or
below now with my trailing stop.

Dr. D.

And it did this time. Doesn't always.

Dr. D.
Attached Image
  • #191,062
  • Jan 6, 2010 11:38am Jan 6, 2010 11:38am
hanging man 15min chart up
  • #191,063
  • Jan 6, 2010 11:39am Jan 6, 2010 11:39am
15 min, 5946 possible
  • #191,064
  • Jan 6, 2010 11:51am Jan 6, 2010 11:51am
Quoting forexlion
15 min, 5946 possible
all is possible, it,s probability question
to resume up movement is more probable after 38,2 retracement
  • #191,065
  • Jan 6, 2010 12:07pm Jan 6, 2010 12:07pm
Quoting forexlion
15 min, 5946 possible

I'm with you. Until NFP... it may stay in this 100 pip range.

Dr. D.
Attached Image
  • #191,066
  • Jan 6, 2010 12:12pm Jan 6, 2010 12:12pm
Quoting meromar
all is possible, it,s probability question
to resume up movement is more probable after 38,2 retracement
when an artificial intelligence indicator says possible, it means it
  • #191,067
  • Jan 6, 2010 12:12pm Jan 6, 2010 12:12pm
Took a short earlier, but was SL was hit and it wasn't even close.. *sigh*

entered another short afterwards.. went out and grabbed some pizza with the wife.. going good
Attached Image (click to enlarge)
Click to Enlarge Name: gujanuary6th.jpg Size: 120 KB
lowest draw down possible please.
  • #191,068
  • Jan 6, 2010 12:17pm Jan 6, 2010 12:17pm
Quoting fourxtrader
Oh really. Look where it's trading now.

[color=blue][i]For my purposes, it doesn't show direction just a good timing signal and it's NOT LAGGING. Certainly the lines that form from the data that's creating the moving averages is lagging but for some reason when they pack together tightly they are predictive of nearly vertical movement that follows... up or down. You pick your direction from your other forms of analysis. Look at this 1m chart from the earlier near vertical move northward off of a very tight compression...
Hey Dr D don't get your socks in a knot, I am just trying to figure out how this may work on somewhat of a consistent basis. I have loaded a MA ribbon to a 5 min chart and studying it why it does what it does. I see the packing takes place in this example after the strength has already been in the market. What are your ma lengths in your 5 min chart if I may ask?

P.S. the written word is often misinterpretted.

slick
  • #191,069
  • Jan 6, 2010 12:17pm Jan 6, 2010 12:17pm
Quoting forexlion
when an artificial intelligence indicator says possible, it means it
.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #191,070
  • Jan 6, 2010 12:18pm Jan 6, 2010 12:18pm
just moved SL to BE target is 1.5953. I feel it will go down more but will be sleeping already so make the TP shorter a profit is a profit

may you get more pips in your trading. see you later
  • #191,071
  • Jan 6, 2010 12:35pm Jan 6, 2010 12:35pm
Quoting slick 60
Hey Dr D don't get your socks in a knot, I am just trying to figure out how this may work on somewhat of a consistent basis. I have loaded a MA ribbon to a 5 min chart and studying it why it does what it does. I see the packing takes place in this example after the strength has already been in the market. What are your ma lengths in your 5 min chart if I may ask?

P.S. the written word is often misinterpretted.

slick
No problem. Just presenting a different point of view. And it really is. I don't know about an MA ribbon or some of the other rainbow methods such as Linuxtroll's Rainbow. I think most of them are seeking direction as they are looking for roll-over crossover patterns and they truely are lagging. Daryl Guppy should probably be given credit for pioneering the impementation of multiple moving averages all on a single chart and he and Alan Hull in the stock market focused more on the separation patterns and the bubble that will appear when the movement becomes exhausted and distinguished between short term traders (the lower MA's) and the long term investors (the higher MA's) all on the same chart.

I just haven't seen anyone focus on the 'gathering' and especially the 'release' off of tight compression. You can go to this particular post for an answer on the parameters. #190813

Hope this is useful... and it's not to be compared with other MMA systems which seem to die out. If you can find direction from these charts please share. I'm only offering a timing signal. I'd like to find a correlation between other TF's in these compression charts to give some reliable direction. Then it could be considered a trading method. Until then I use Magix, Ctic, EOhater and afew others. I'm so scattered.

Keep sharing your perspectives.

Dr. D.
  • #191,072
  • Jan 6, 2010 12:40pm Jan 6, 2010 12:40pm
Hey Dr D, doesn't it look like 5m ready to pop?
  • #191,073
  • Jan 6, 2010 12:50pm Jan 6, 2010 12:50pm
Quoting Accumulation
Hey Dr D, doesn't it look like 5m ready to pop?

Yep, FOMC coming up.
  • #191,074
  • Jan 6, 2010 1:10pm Jan 6, 2010 1:10pm
Quoting Accumulation
Hey Dr D, doesn't it look like 5m ready to pop?
Yes the chart was primed and the FOMC the spark... or fizzle.
The direction was anyone's guess. Not a good time to be in a trade.

This could slingshot straight down from this up move. If it will go
up to 1.6040 I'll take a short back down to 1.5940. Wishful thinking.

Dr. D.
Attached Image
  • #191,075
  • Jan 6, 2010 1:24pm Jan 6, 2010 1:24pm
dear me
  • #191,076
  • Jan 6, 2010 1:31pm Jan 6, 2010 1:31pm
Since I am one without direction...

In the short term, just know that all of Magix's charts
had long signals begging for entry at around ~1.5990.

All movements have crossed northward above the 24sma's on
all five of his four charts. LOL (1m, 5m, 15m, 30m and 1h)

In the long term, his 4h and daily show price below the 24sma's
warning that the down trend remains intact.

And he might have exited at ~1.6020 (55, 100 and 200ema)
on several of these charts.

At least, in the absence of the FOMC release, that's how I view it.

Dr. D.
  • #191,077
  • Jan 6, 2010 1:39pm Jan 6, 2010 1:39pm
entry long tp 1.6128
  • #191,078
  • Jan 6, 2010 1:43pm Jan 6, 2010 1:43pm
Quoting Accumulation
Hey Dr D, doesn't it look like 5m ready to pop?
If your 5Min pops but your 1min, 15min, 1hour and 4hour don't then you've got a feed issue
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #191,079
  • Jan 6, 2010 1:49pm Jan 6, 2010 1:49pm
Quoting Turveyd
If your 5Min pops but your 1min, 15min, 1hour and 4hour don't then you've got a feed issue
Don't need any feed issues, got enough problems, ya know? That up move was fun, netted 45 pips.
  • #191,080
  • Jan 6, 2010 1:50pm Jan 6, 2010 1:50pm
1.615
1.6095
1.605
1.5995 последняя цена
1.5925
1.5875
1.583

http://www.tradingcentral.com/chart/...0106184559.gif
444 traders viewing now, 1 is registered: