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Cable Update (GBPUSD)

  • #194,361
  • Jan 19, 2010 6:11pm Jan 19, 2010 6:11pm
Quoting damonl
All is good... 1.6410 is as high as I am seeing this going.... or thereabouts

EURUSD is now turning very bearish, even moving below the 1.4270s mark we held during the sideways action.

GBP is holding up finr till yet, but how long could it stand a USD rally? Not much it seems

1.60 and lower?
  • #194,362
  • Edited 7:29pm Jan 19, 2010 7:18pm | Edited 7:29pm
Quoting kill56
Dr.D did u catch any of them i did 71 - 58 not bad

979072010.01.19 19:17sell0.10gbpusd1.63710.00001.63532010.01.19 21:021.6360-3.000.000.0011.00
Good job.

I took the 1m push upward for nearly 30 pips.
Didn't take the other. Had some work to do away
from the platform and came back to see the drop.
Should have just set a trade and tight trailing stop
above the 90 level (which was the previous recent
1m high) as I then saw the 5m pulling together.
Managing it I could have netted ~30.

Went golfing and 5hrs later it's still in the same range.

Everything is so choppy... giving me vertigo.

The 1m has again formed and moved downward which
could help the 15m reach a tighter compression from
which a bigger move may occur later in any direction.

Dr. D.
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  • #194,363
  • Jan 19, 2010 7:26pm Jan 19, 2010 7:26pm
Quoting Ctic
Dr. D,

I don't know if you caught my post last night where I showed the chart witht the EMA pattern and fibonacci lines. Right before the big spike up and following drop down every EMA line was at a fib line. That is what I have been watching recently to determine strong correlations between your method and mine.

I did. It's good to see there is correlation. Still, with
enough lines drawn in various TF's there should be.

Wish mine was a method. Still only an observation that
must be joined with and could help any trading system
as a timing signal.

Dr. D.
  • #194,364
  • Jan 19, 2010 7:27pm Jan 19, 2010 7:27pm
What happened? I look away for 5 min and it drops. Thank god I am on the right bear.
I am back. Actually, I never left...
  • #194,365
  • Jan 19, 2010 7:34pm Jan 19, 2010 7:34pm
Quoting taragula
What happened? I look away for 5 min and it drops. Thank god I am on the right bear.
really i need an answer what happened any news released??
  • #194,366
  • Jan 19, 2010 7:34pm Jan 19, 2010 7:34pm
hai....i newbie here.....just want to ask about where gu going in this asian sesion......if there any kind trader willing to help....
Revesal Trader
  • #194,367
  • Jan 19, 2010 7:41pm Jan 19, 2010 7:41pm
Quoting fx broker
really i need an answer what happened any news released??
I think Tokyo just open with many hungry bears..
Patience + Discipline =
  • #194,368
  • Jan 19, 2010 7:49pm Jan 19, 2010 7:49pm
Quoting taragula
What happened? I look away for 5 min and it drops. Thank god I am on the right bear.
Quoting fx broker
really i need an answer what happened any news released??
I also expect the Answer...
Very surprising !


Hi Mal,
Can you help provide the Answers ??
Thx before
Always looking the GREAT, never left GOOD Point...
  • #194,369
  • Jan 19, 2010 7:51pm Jan 19, 2010 7:51pm
Quoting Jemmy
I think Tokyo just open with many hungry bears..
waiting for the next bears blitzkrieg..
Patience + Discipline =
  • #194,370
  • Jan 19, 2010 7:53pm Jan 19, 2010 7:53pm
Quoting Tsar
I also expect the answer...
Very surprising !


Hi Mal,
Can you help provide the Answers ??
Thx before

well ....I was wodnering the same thing

1) big shit coming down the pipeline that someone knows
2) mark down in low volume conditions for good news to take it back up

just trail stops if short , those that are long 1.4400 EU , 1.6450 gu panic ..lol
Blogging daily now at www.volume.zone
  • #194,371
  • Jan 19, 2010 7:55pm Jan 19, 2010 7:55pm
Quoting Tsar
I also expect the Answer...
Very surprising !


Hi Mal,
Can you help provide the Answers ??
Thx before

look at euro drop 100 pip!! i am buying usd/chf i didnt have the chance to close it at high!!
  • #194,372
  • Jan 19, 2010 7:56pm Jan 19, 2010 7:56pm
i read that there was some major position closed on EUR, that's why the drop happened, and also there was very small liquidity in the markets!
Has anyone heard about about voting on Brown, i saw some numbers, but couldn't make out about what was voting????

There is poll on CNN about Brown and (i don't know what) and Brown is in lead so far? I don't know that much is Brown that bad, good or what???
  • #194,373
  • Jan 19, 2010 8:03pm Jan 19, 2010 8:03pm
Quoting Endrju
i read that there was some major position closed on EUR, that's why the drop happened, and also there was very small liquidity in the markets!
Has anyone heard about about voting on Brown, i saw some numbers, but couldn't make out about what was voting????

There is poll on CNN about Brown and (i don't know what) and Brown is in lead so far? I don't know that much is Brown that bad, good or what???

I see no sign of voting of any kind on the BBC Politics site so doubt it, it'd be there for sure!!

The Iraq WMD lies are the main focus currently!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #194,374
  • Jan 19, 2010 8:05pm Jan 19, 2010 8:05pm
Quoting malcolmb14
well ....I was wodnering the same thing

1) big shit coming down the pipeline that someone knows
2) mark down in low volume conditions for good news to take it back up

just trail stops if short , those that are long 1.4400 EU , 1.6450 gu panic ..lol

Thank's a Lot, Bro

I'm Not Analysis Volume that's.
From NOW, I will start learning from you ...
Always looking the GREAT, never left GOOD Point...
  • #194,375
  • Edited 8:25pm Jan 19, 2010 8:07pm | Edited 8:25pm
Quoting Turveyd
I see no sign of voting of any kind on the BBC Politics site so doubt it, it'd be there for sure!!

The Iraq WMD lies are the main focus currently!!
I'm looking CNN at the moment and don't see that poll too, but been reading about it on forexlive.com and i believe they don't write bullshit which is made up, but i'm not 100% sure!

I'M sorry the it's about another Brown (u.s. state senate poll)! I didn't thought of possibility of another Brown!
  • #194,376
  • Jan 19, 2010 8:09pm Jan 19, 2010 8:09pm
Quoting Tsar
I'm Not Analysis Volume that's.
Thank's a Lot, Bro

I hate odd moves like this out of no where under low volume conditions

often they can be noves to mark price down / up so pros can get a position at discount .

These kind of moves hsould be looked at with suspicion. I am short eu and am trailing stop
Blogging daily now at www.volume.zone
  • #194,377
  • Jan 19, 2010 8:09pm Jan 19, 2010 8:09pm
It's fallen because a "perfect" Gartley was completed at 1.64573 from the move up from 1.58953. This means this will crash and burn lol. So, as Mal has been saying for a while now, this was the last opportunity as far as I'm concerned to sell at this price. Parity by October/November.
  • #194,378
  • Jan 19, 2010 8:11pm Jan 19, 2010 8:11pm
Quoting bucko
It's fallen because a "perfect" Gartley was completed at 1.64573 from the move up from 1.58953. This means this will crash and burn lol. So, as Mal has been saying for a while now, this was the last opportunity as far as I'm concerned to sell at this price. Parity by October/November.
party ....unless of course you live in Canada and your inheritance is in GBP ... (aka me ) ...
Blogging daily now at www.volume.zone
  • #194,379
  • Jan 19, 2010 8:14pm Jan 19, 2010 8:14pm
Quoting malcolmb14
I hate odd moves like this out of no where under low volume conditions

often they can be noves to mark price down / up so pros can get a position at discount .

These kind of moves hsould be looked at with suspicion. I am short eu and am trailing stop

It's not a Odd move, it's a normal low volume which means they can move it the direction they like quite easily downtrend.



Completely 100% the Normal for this time of night
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #194,380
  • Jan 19, 2010 8:14pm Jan 19, 2010 8:14pm
Quoting Endrju
I have looked for a while on yout EMA's lines and i like how they look! What kind of Ema's numbers you use? Automatically i get 10, but what are all the lines parameter's?
Thanks
Hi Endrju,

The specific EMA's are not significant provided they cover
a good range ~(1 - 150 periods) and are evenly spaced.

It is the pattern that is formed that is important as they
slowly gather, converge and should they compress and
pack tightly together which very often occurs, a rapid
unidirectional and often vertical price action with marked pip
movement will imminently ensue (relative to the TF).

They produce a timing signal to alert one to a change which
will inevitably occur from ranging consolidations into
breakout trend movements. (relative to their TF's).

I am observing that they build upon one another transferring
their energy from lower TF's to higher TF's and smaller
pip movements into larger amounts.

I happen to use 9 EMA's (applied close):
[(6), 18, 36, 54, 72, 90, 108, 126, 144]

Unrelated to the compression / release phenomenon...
as major areas of S/R and target zones to respect, I throw
in the often used 200EMA (Magix's method and others) and a
1440EMA on a 1m which translates into a daily data. (Turveyd's
and Ctic's methods). I'm also looking at the 800SMA (Mystic
Diver's / Rob Booker's retracement method which finds that
in any TF, the PA will always return to the 800SMA within an
average of 250 - 350 bars or candles (since the last cross)...
and at 500+ bars or candles it becomes almost magnetic and
should influence trade selections and directions (per TF).

***a point of clarification: PA doesn't follow MA's... MA's are
a reflection of PA data.... but for our purposes we say it does.

Dr. D.
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