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Cable Update (GBPUSD)

  • #195,861
  • Jan 26, 2010 1:20am Jan 26, 2010 1:20am
Quoting XTrade
WHOMP!! CHECK OUT DRAGON!!!!

The perfect bear trap!

Pays to wait for entry!

DR D?
Might you have a compression chart? illustrating the breakout?
THX

edit: Looks like asia didn't want to lose just ALL their money before the LDN Boys, grab hold!
X:

I wasn't anywhere near this chart and will
continue to avoid the dragon until I come up
with a 10sec chart for compression signals. (lol).

The 15m was compressed by the down move
and it released back upward. Who would ever know?

The lower TF's weren't any help as a entry signal...
none were near compression... unless you had a
10sec - 30sec chart.

It probably would have given the entry signal....
like every 10 - 30 secs. Too much noise, too much
crazy pip movement.

Dr. D.
Attached Image
  • #195,862
  • Jan 26, 2010 1:22am Jan 26, 2010 1:22am
Quoting manize
Ups apologize, miss read, H4 is still running another 40 minutes ! Still a probably down trend. Let us see what happened !
It is still possible, but I do like the fibonacci line it bounced off of in order to get to this point. Problem is we have not broke the high from yesterday yet, so you are right, may still head down.
  • #195,863
  • Jan 26, 2010 1:24am Jan 26, 2010 1:24am
swissy needs to break thru 1.0471 (200ema Daily) and also some gd fib resistance there on lower TFs

first stop....1.0588 then 1.0700? I've got GU first stop 1.6050 then possibly further dwn....EG bottomed and shooting up?

UK out of recession...but
it had seemed so obvious at the time
  • #195,864
  • Jan 26, 2010 1:29am Jan 26, 2010 1:29am
Quoting Ctic
It is still possible, but I do like the fibonacci line it bounced off of in order to get to this point. Problem is we have not broke the high from yesterday yet, so you are right, may still head down.

+48pips later in 25mins... Good Morning to U'all again.

Which I can get hold of 1.6000 and I'll open ten Lots size (Standard) for LONG...
  • #195,865
  • Jan 26, 2010 1:29am Jan 26, 2010 1:29am
GU is the most risky pair, if you do not prepare to loss 200 pips, do not invest this pair, there are many others pairs which are much more steadier and predictable.
Face both Win and Lose bravely
  • #195,866
  • Jan 26, 2010 1:34am Jan 26, 2010 1:34am
[quote=fourxtrader;3401095]X:

I wasn't anywhere near this chart and will
continue to avoid the dragon until I come up
with a 10sec chart for compression signals. (lol).

The 15m was compressed by the down move
and it released back upward. Who would ever know?

The lower TF's weren't any help as a entry signal...
none were near compression... unless you had a
10sec - 30sec chart.

It probably would have given the entry signal....
like every 10 - 30 secs. Too much noise, too much
crazy pip movement.

Dr. D.[/QTE]

10 seconds profit!
Attached Image (click to enlarge)
Click to Enlarge Name: 10 sec 12-26-10.JPG Size: 243 KB
  • #195,867
  • Jan 26, 2010 1:35am Jan 26, 2010 1:35am
Quoting archimede
swissy needs to break thru 1.0471 (200ema Daily) and also some gd fib resistance there on lower TFs

first stop....1.0588 then 1.0700? I've got GU first stop 1.6050 then possibly further dwn....EG bottomed and shooting up?

UK out of recession...but



Archimedes,

http://www.google.com/images?q=tbn:M...wuCLwnk8EvMMg=

"Eureka, I found it", your avatar that is.

Dr. D.
  • #195,868
  • Jan 26, 2010 2:01am Jan 26, 2010 2:01am
there is an emminent explosion on the way... Thats me Banking me Dollars and run to me Hind-away in the Caribean Island. Aholo Ha!
  • #195,869
  • Jan 26, 2010 2:09am Jan 26, 2010 2:09am
Quoting Reznik
there is an emminent explosion on the way... Thats me Banking me Dollars and run to me Hind-away in the Caribean Island. Aholo Ha!
Still hold long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,870
  • Jan 26, 2010 2:10am Jan 26, 2010 2:10am
Quoting kill56
salam bro i hope the short is geting well and greeny
wsalam bro.
so far so good thanks. Hope you are trading well
Thank You
  • #195,871
  • Jan 26, 2010 2:14am Jan 26, 2010 2:14am
Quoting wormboy
wsalam bro.
so far so good thanks. Hope you are trading well
Hey Wormie,

Good to see you. Still haven't gotten stopped out on long here. lets see what happens, if we break the 1.6300 I may be ok, but I am still on the lookout for the break back downward.
  • #195,872
  • Jan 26, 2010 2:20am Jan 26, 2010 2:20am
Quoting wormboy
wsalam bro.
so far so good thanks. Hope you are trading well
Hi bro, I am still holding a new long (1.6200) ! Pin bulllish bar on H4 and stuck at WP 1.6216 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,873
  • Jan 26, 2010 2:22am Jan 26, 2010 2:22am
http://www.dailyfx.com/forex/market_...e_Despite.html
Don't tell me how much you can earn. Tell me how much you may lose..
  • #195,874
  • Jan 26, 2010 2:22am Jan 26, 2010 2:22am
True!
And on cable bounce hit 6250/45 Resistance area Dead on! By the smaller Fibo plotting I mentioned earlier, which just happens to be around the 50% mark! (10/15 pips below)

(Small Fibo plotted @ pivots High 6455 Low @ 6075.)

Plot these on the H1 or H4 and the PA is clear.

Cable and Dragon often work nicely with multiple Fibos depending on PA.

I try not to tackle the beast too often, been burned a bunch of times .BUT, lately when I do, the trades have been great! That was a Plus 100+ pip WHOMP to the upside!

Flat now. Cannot overtrade, as part of my list of rules. It sucks but usually the tendency to lose is greatly increased after daily goal has been met and exceeded.

Good luck All !



Quoting Ctic
Bear trap or not, that is fibonacci retracement to the T. Retraced down to the 50 fib and then got the explosion upwards.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #195,875
  • Jan 26, 2010 2:27am Jan 26, 2010 2:27am
This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..
  • #195,876
  • Jan 26, 2010 2:27am Jan 26, 2010 2:27am
Quoting XTrade
True!
And on cable bounce hit 6250/45 Resistance area Dead on!...
Take a good rest time. Congratz !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,877
  • Jan 26, 2010 2:30am Jan 26, 2010 2:30am
Who dares long ? I reckon will go to at least 1.6300 (R1) ! Stop Loss 1.6170/180 ..... but I maybe wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,878
  • Jan 26, 2010 2:30am Jan 26, 2010 2:30am
Good job on the trading....

Quoting XTrade
True!
And on cable bounce hit 6250/45 Resistance area Dead on! By the smaller Fibo plotting I mentioned earlier, which just happens to be around the 50% mark! (10/15 pips below)

(Small Fibo plotted @ pivots High 6455 Low @ 6075.)

Plot these on the H1 or H4 and the PA is clear.

Cable and Dragon often work nicely with multiple Fibos depending on PA.

I try not to tackle the beast too often, been burned a bunch of times .BUT, lately when I do, the trades have been great! That was a Plus 100+ pip WHOMP to the upside!

Flat now. Cannot overtrade,...
  • #195,879
  • Jan 26, 2010 2:33am Jan 26, 2010 2:33am
LOL

Take a look @ Fibre m5 from NY session!

Btw Thank you guys, nite.
Quoting Ctic
This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #195,880
  • Jan 26, 2010 2:36am Jan 26, 2010 2:36am
Quoting Ctic
This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..
lol, dont watch it too long all the bounces will make you nervous with you being used to longer charts
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