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Cable Update (GBPUSD)

  • #195,821
  • Jan 25, 2010 9:39pm Jan 25, 2010 9:39pm
Quoting Bullfx
Hold long, today UK news will be good
Tend agree with you !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,822
  • Jan 25, 2010 9:44pm Jan 25, 2010 9:44pm
cable jst broke 6199. is this a good entry point to short for a tp of 6120.
  • #195,823
  • Jan 25, 2010 9:47pm Jan 25, 2010 9:47pm
Quoting wormboy
The GBPJPY is GBPUSD X USDJPY

salam bro i hope the short is geting well and greeny
  • #195,824
  • Jan 25, 2010 9:50pm Jan 25, 2010 9:50pm
EXACTLY!


This is all BS.
No news backing it up. Just Profit taking and perhaps some manipulation.
Usually this market does not move this fast down.

Cable was rejected. However...

Check out.
Aussie,
Dragon,
Fibre...??

What is driving dollar strength right now???
I will be watching tonight..
London "should" resume the trend/s at least the way I see it.
Going to read news now.... be back.

Quoting raz
thats what we call market static, in other words brokers and banks taking out SL's and being banks, taking your money at a vulnerable time. London session is closed, and no significant news sigs are out
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #195,825
  • Jan 25, 2010 9:54pm Jan 25, 2010 9:54pm
Quoting XTrade
EXACTLY!


This is all BS.
No news backing it up. Just Profit taking and perhaps some manipulation.
Usually this market does not move this fast down.

Cable was rejected. However...

Check out.
Aussie,
Dragon,
Fibre...??

What is driving dollar strength right now???
I will be watching tonight..
London "should" resume the trend/s at least the way I see it.
Going to read news now.... be back.

it could be i think oil and dow tanked thats wy
  • #195,826
  • Jan 25, 2010 9:56pm Jan 25, 2010 9:56pm
Quoting Nomi1
cable jst broke 6199. is this a good entry point to short for a tp of 6120.

if the h4 open below 16190 we are going south
  • #195,827
  • Jan 25, 2010 9:56pm Jan 25, 2010 9:56pm
News out of China that several banks have been instructed to restict lending causing flight to USD and JPY.
  • #195,828
  • Jan 25, 2010 9:57pm Jan 25, 2010 9:57pm
Quoting Tsar
Because ... The EU as a Cable, Now !
Quoting manize
Should we short EU ?
Began early this Year, GU started to decrease Power.
There are a lot of People, started Move to trading with EU. Or make as the Next option with many other reasons.

Making EU started to count after GU.
Moreover having Characteristics similar with GU ( Originated in the same Continent : EUROPE )

Sometimes EU has often been first to move more than GU.
But... GU still remain as the First of MAJOR PAIRS.

My views and opinion
Always looking the GREAT, never left GOOD Point...
  • #195,829
  • Jan 25, 2010 9:58pm Jan 25, 2010 9:58pm
Quoting Nomi1
cable jst broke 6199. is this a good entry point to short for a tp of 6120.
Not yet on H1 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,830
  • Jan 25, 2010 10:03pm Jan 25, 2010 10:03pm
President Obama will call for a three-year.
1 of 1
US PRESS: President Obama will call for a three-year freeze in spending

on many domestic programs and for increases no greater than inflation

after that an initiative intended to signal his seriousness about

cutting the budget deficit administration officials say the NY Times

reports.
1/26/2010 12:27:36 AM

US PRESS
  • #195,831
  • Jan 25, 2010 10:05pm Jan 25, 2010 10:05pm
Quoting manize
Hi bro I need your opinion. I see the compression on H4 --> will be a huge move !
Huge move?... provided the PA continues to draw the EMA's further into a tighter compression. I've seen huge moves initiated from a 5m - 15m chart when no other higher TF was in agreement. Currently, both the 4h and the daily are aligned and any sustained downward movement or ranging will assist both into compression by lending their energy for what may be an eventual massive move if they stay together.

I've been suggesting that a massive move (thousands of pips) is possible based on the daily charts and this could be upward in the days or weeks to come. Whereas, a huge move (hundreds of pips) by the H4 alone is certainly possible in any direction but it won't be massive of the same proportions that occurred on the daily back in 7/08 - 2/09 unless it remains in agreement with the daily. If the 4h chart were to form (downward PA from current levels) and then release upward from a tight compression which is possible it will delay or cancel the formation on the daily.

So my preference for the 'perfect storm' is to see the two TF's working together. The 4h could compress and release downward and playout for hundreds of pips and still return upward and then back downward multiple times before the daily has completed it's possible full compression.

These movements on the higher TF's can be best assisted by their more immediate lower TF's. The daily relying primarily upon the 4h and 1h. Currently the 5m, 15m and 30m charts will also compress further by smaller downward movement in the charts to assist the higher TF's. Previously the 1h had already released downward in a roll-over pattern (no compression) after a nice breakout of over 300 pips from the 5m (1/19 21GMT) and is reforming (retracing and consolidating) through the more recent upward movements and will continue to reform with any further PA above 1.6221 (144ema 1h).

Based on the theory of CRS: (compression, release and separation), smaller TF's initiate movement into the higher TF's by the transfer of energy as it is released from their tight compressed formations.

Stated in another ways involving principles of physic, smaller waves coalesce into larger waves when moving in the same direction by lending their energy in an accumulative fashion.

Conversely, if a smaller (faster TF) wave that is moving in one direction happens to meet a larger (slower TF) wave that is moving is the opposite direction this reaction may neutralize, reduce or cancel the movement.

So by seeing a 4h chart forming a compression pattern for hours - days - weeks, (and a daily that has been forming for months) it would make sense to look to the smaller TF's to contribute (or prevent) the overall formation.

From what I understand, Ctic looks to fibo retracement patterns in part in the following fashion. He takes a higher TF once it is completed and charts its fibo movement by moving to a lower prescribed TF in the charts.

Using these correlations:
Monthly - Daily
Weekly - 4h
Daily - 1h
4h - 15m
1h - 5m

I'm not sure if these same correlations exist between prescribed TF's in any examination of compression patterns. If so... then when viewing a 4h compression pattern forming it might be useful to drop to a 15m for a magnified view and more ideal entry. (Or with a daily to a 1h.) I don't limit myself. I just follow all the TF's.

I drill down thru the lower TF's when I see a higher TF forming a compression pattern and look for lower TF's to first form and release giving me better entries. If a lower TF goes through the CRS and then appears to die out in its price movement (as the EMA's collapse) I look to the higher TF to determine the magnitude of the potential move if their is continued separation in the EMA's.

Dr. D.
  • #195,832
  • Jan 25, 2010 10:07pm Jan 25, 2010 10:07pm
BBC UK / World feeds

[quote]UK's exit from recession set to be confirmed


Unemployment fell to 2.46 million in the three months to November
Figures due out later are expected to confirm that the UK came out of recession in the final quarter of 2009.
The economy has contracted for a record six consecutive quarters, but signs of recovery have started to emerge.
Last week, it was revealed that unemployment in the UK fell Watching for entry on possible retracement. Still ranging around 1105 to 1080 area
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #195,833
  • Jan 25, 2010 10:08pm Jan 25, 2010 10:08pm
Quoting Ctic
Manize,

There is very nice compression on the 4H chart which means once it breaks, there should be a very big movement. The problem is that we are in the middle of no man's land where it comes to the fibs. We have the double top on the 1H chart which could mean short and the monthly bounce on the high side with the pinbar candle at a very good retracement spot to continue the downtrend. The main thing that makes me want to go long is that we have been in this large sideways channel for months. We bounced off the bottom wall of the weekly chart...
I also see a reversed head and shoulder pattern in 4h, if right, it will bounce up strongly to 1.6350 ? USDX also heads down, supporting GU up.
Give me patience
  • #195,834
  • Jan 25, 2010 10:11pm Jan 25, 2010 10:11pm
Quoting manize
Not yet on H1 !


I been in so much profit... this trading Technique has granted me the chance to sleep and pick profit easily... With only 20 minutes of Look-time on the Charts...


Anding to my LONG position... Last Asain Session picked +50pips in to Trades. Good day to U'all.
  • #195,835
  • Jan 25, 2010 10:16pm Jan 25, 2010 10:16pm
dixy update
Attached Image (click to enlarge)
Click to Enlarge Name: usdix h4.gif Size: 15 KB
  • #195,836
  • Jan 25, 2010 10:17pm Jan 25, 2010 10:17pm
Quoting fourxtrader
Huge move?... provided the PA continues to draw the EMA's further into a tighter compression. I've seen huge moves initiated from a 5m - 15m chart when no other higher TF was in agreement. Currently, both the 4h and the daily are aligned and any sustained downward movement or ranging will assist both into compression by lending their energy for what may be an eventual massive move if they stay together.

[i][color=blue]I've been suggesting that a massive move (thousands...
Nice explanation. I alreday changed the inserted ema by (6),18,36,54,72,90,108,116,134, does it correct ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,837
  • Jan 25, 2010 10:24pm Jan 25, 2010 10:24pm
Quoting Bullfx
I also see a reversed head and shoulder pattern in 4h, if right, it will bounce up strongly to 1.6350 ? USDX also heads down, supporting GU up.

In Bar parterns... U see what U want to see to confirm your direction Up or Down... But a

-Double Symmetrical Triangle in Daily Chart
-Inside Bar in formation in 4hour Chart
-Positive Divergence in the 1hour Chart
-Positive Divergence in the 5mins Chart
-Buy Signal in SMA 5,20& 100 in 5mins Chart


Blah!!
  • #195,838
  • Jan 25, 2010 10:31pm Jan 25, 2010 10:31pm
Quoting Reznik
In Bar parterns... U see what U want to see to confirm your direction Up or Down... But a

-Double Symmetrical Triangle in Daily Chart
-Inside Bar in formation in 4hour Chart
-Positive Divergence in the 1hour Chart
-Positive Divergence in the 5mins Chart
-Buy Signal in SMA 5,20& 100 in 5mins Chart


Blah!!

All meaning to Buy for the LONG hall...
  • #195,839
  • Jan 25, 2010 10:35pm Jan 25, 2010 10:35pm
Quoting manize
Thank you ! Second on it ! I think still up to perform perfectly compression before reversed huge down ! The next major support is 1.6185/199 ! Easy to be understood if 1.6185 is broken ---> down ! If broken up 1.6216 again up !

I don't talk about tomorrow ( long term) trend, currently the unknown area is 1.6185 - 1.6216, go beyond on H4 ( London session open) we'll see the major trend for today !
NOPE... can't happen, at least not from an EMA chart.
They're close but still have to go down to coil tightly
together and they only follow the PA.

Or... maybe you are using some other form of charting
such as a confluence of TL's and MA's that are gathering
and converging and therefore calling it compression, then
my apologies.

Of course, no one owns the word Compression.

Dr. C. (lol)
Attached Image
  • #195,840
  • Jan 25, 2010 10:37pm Jan 25, 2010 10:37pm
Quoting Reznik
All meaning to Buy for the LONG hall...
Next two hours are important. If hourlies close below 1.6195 then forget about any upward move before testing 1.6150
Don't tell me how much you can earn. Tell me how much you may lose..
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