"Keep your eyes on the helpers" - Mr. Rogers
Cable Update (GBPUSD)
- #196,801
- Jan 28, 2010 8:29pm Jan 28, 2010 8:29pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
- #196,802
- Jan 28, 2010 8:46pm Jan 28, 2010 8:46pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
I hope you guys have been selling tonight for some nice pips off the 55 SMA. Perfect night.... while everyone else is asleep, you are making money while the market does not know what to do. 
Since I am cunfused I mesh with other things that are confused. Maybe you do too!
Since I am cunfused I mesh with other things that are confused. Maybe you do too!
"Keep your eyes on the helpers" - Mr. Rogers
- #196,804
- Jan 28, 2010 8:58pm Jan 28, 2010 8:58pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
wating for a breach of a swing high which has not happened yet, but that last move up was pretty powerful....expect more of that next time it gets close to this level.
Right above the thumbs up.
"Keep your eyes on the helpers" - Mr. Rogers
- #196,806
- Jan 28, 2010 9:17pm Jan 28, 2010 9:17pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Hey, I agree-- BTW - For some reason the chart I made on barcharts posted something else- (still in your quote) a prtion of some sort... Here is the DXY chart -Post FIXED -Cable (Range) is looking up-- Until the bottom resistances are broken we may retest 6250 - Just my view-- Preparing chart
http://www.actionforex.com/images/st...0091124w11.gif
http://www.actionforex.com/images/st...0091124w11.gif
wating for a breach of a swing high which has not happened yet, but that last move up was pretty powerful....expect more of that next time it gets close to this level.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #196,808
- Jan 28, 2010 9:49pm Jan 28, 2010 9:49pm
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
I don't know fibs well enough to say anything about them. For me, and I have tried, adding fibs to a chart is like picking random points and putting lines on those points. There is not enough consistency in them for me to use them.
Hopefully someone else can give you a better answer.
jemmy (and maybe damonl too) if you use fibo, that doesn't mean if price will stop in exact fibo line (you already know this
)...,some time (or mostly) before or 'little' pass the fibo, but...near that fibo number mostly there a support or resistance..,so we have to confirm it with other indi (for example candlestick [hight, low, open, close,] or 5 SMA or other). and just like damonl said, it's hard to know in what number price will retrace...that's the main problem cos we use tight SL...,this is what i did...,first, i will imagin if the price go to that level..., and ask to my self "is that common place to stop???" if not i look for other fibo number that "common"...
(note: when it is after big trand move, price mosly retrace more than 50 fibo [big corection])
second. i already place limit or stop order..., so i wait what reaction that giveted in that level...if price is "lazy" so it might not 'big player' level...
and last, see cadlestick formation thats just been made in that level..,common to retrace??? Not? thats mean out OR SL=entry+1
maybe that's not too much help...but that's all i know..may other member want to add or give correction....,happy trading..
I will be the number one Manager.
- #196,809
- Jan 28, 2010 10:03pm Jan 28, 2010 10:03pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
jemmy (and maybe damonl too) if you use fibo, that doesn't mean if price will stop in exact fibo line (you already know this
first, i will imagin if...
This makes perfect sence. I look forward to more of your posts. I am out for the night so Trade Well everyone
Green Pips my friend
"Keep your eyes on the helpers" - Mr. Rogers
- #196,810
- Jan 28, 2010 10:05pm Jan 28, 2010 10:05pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Hey, I agree-- BTW - For some reason the chart I made on barcharts posted something else- (still in your quote) a prtion of some sort... Here is the DXY chart -Post FIXED -Cable (Range) is looking up-- Until the bottom resistances are broken we may retest 6250 - Just my view-- Preparing chart
http://www.actionforex.com/images/st...0091124w11.gif
"Keep your eyes on the helpers" - Mr. Rogers
- #196,812
- Jan 28, 2010 10:29pm Jan 28, 2010 10:29pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
About the Fibos I can add a bit to what Java has posted. Fibos are used affectively on Higher TFs. However, They can be used on Lower as well,
because essentially all charts show the same thing just amplified.
There are moves within "moves" Thus, after a Pivot High and Pivot low, or vice versa, Fibos can be plotted. -- Need at least 2 lower highs and higher lows on both sides of each pivot.--You will find testing them a bit, looking @ PA, many o the big players in Cable (Fibre as well- not as familiar though) Use Fibos. PA confirms it. -- True, the price is usually a bit over the line. They do also usu fall in lines with S/R levels.
As Mentioned, the type of move will depend on the retracement. If moving fast and volatile 50 % can be achieved easily, once almost full, time for expansion Fibos. Hope this helps a bit!
DXY Still looks down Huh!
Need sufficient breach & sustain.
because essentially all charts show the same thing just amplified.
There are moves within "moves" Thus, after a Pivot High and Pivot low, or vice versa, Fibos can be plotted. -- Need at least 2 lower highs and higher lows on both sides of each pivot.--You will find testing them a bit, looking @ PA, many o the big players in Cable (Fibre as well- not as familiar though) Use Fibos. PA confirms it. -- True, the price is usually a bit over the line. They do also usu fall in lines with S/R levels.
As Mentioned, the type of move will depend on the retracement. If moving fast and volatile 50 % can be achieved easily, once almost full, time for expansion Fibos. Hope this helps a bit!
DXY Still looks down Huh!
Need sufficient breach & sustain.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #196,814
- Jan 28, 2010 10:34pm Jan 28, 2010 10:34pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
magix..
what do you think?
cable will bounce up again to 62xx or going all the way down?
My charts weekly threw to the hourly don't bode well for Cable Bulls, but that is what they have been saying since last week. Not going down without a fight to be sure....
I had calculated a possible retrace back to the 1.6170 area, but have an indicator that says a possible 1.6238. I am leaning towards believing the 1.6170..but given the week..>>Shrugs shoulders<< who knows??
My charts down at the bottom,
Weekly, top left - Below support, as expected
Daily, top right - Below support, but have been in this area for a couple days now.
H4, Bottom right - Again, hovering around support, but with an increase in negative on the MACD and OSMA.
Bottom right - Well, this just looks like dogshit...what can I say?
I am still tending with the bears, but will take what ever play is offered...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #196,815
- Jan 28, 2010 10:53pm Jan 28, 2010 10:53pm
D-4 ~ BULLS 4 : 3 BEARS
D-3 ~ BULLS 1 : 6 BEARS
D-2 ~ BULLS 5 : 2 BEARS
D-1 ~ BULLS 0 : 7 BEARS
D-0 ~ BULLS 5 : 2 BEARS
Conclusion:
Attachment
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 5 : 2 BEARS
D 0 ~ BULLS 0 : 7 BEARS
Conclusion:
Good fighting
trend not yet established..
Patience + Discipline = 
- #196,819
- Jan 28, 2010 11:27pm Jan 28, 2010 11:27pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
D-4 ~ BULLS 1 : 6 BEARS
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 5 : 2 BEARS
D 0 ~ BULLS 0 : 7 BEARS
Conclusion:
Good fighting
trend not yet established..
Attachment
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