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Cable Update (GBPUSD)

  • #198,681
  • Feb 8, 2010 4:15pm Feb 8, 2010 4:15pm
Watching the 5m chart as the EMA's gathered again. The
earlier compression was distorted with the lower periods
releasing early (up) and a tight configuration failing. It has
given some good movement but not with much force.

Now again they have drawn together and if the PA will
move back up to pull the lower periods (EMA's) back towards
the bunch then we could see a good release and separation
off of that point. If it lingers down below, the pattern will
break apart and the energy for a large move will be lost.

A move upward will lend energy to the larger TF's which
have been in separation since the 4h drop. Generally the
next higher TF such as the 15m which has been in separation
could also draw together jointly with the 5m for an even
bigger move.

Just my perspective.

Dr. D.
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  • #198,682
  • Feb 8, 2010 4:16pm Feb 8, 2010 4:16pm
Quoting javapips
heyyy..,KILL here....,i thought you are already rich and don't want money anymore...,
this is still war here right now...,but i don't know why, their war move the market...,so more noisy in this thread market will get better too.., i hope all this kids gonna fight again tomorrow...,

thank god it was realy great tell now whats gonig on in the room a lot of bull why not be happy and make money and shutt the f;;k up and we should learn and have fun win looss this the tax we have to pay its after all forex the room is not for fights or to prove who is wroung or right its about shearing info have fun be good love joy fun = forex
  • #198,683
  • Feb 8, 2010 4:41pm Feb 8, 2010 4:41pm
Looking at the Cable, price is currently between a past level of support that could now possibly act as resistance @ 1.5706 and support further down @ 1.5372. I would like to see price travel down to 1.5372 area to complete the Weekly Downswing D extension @ Intermediate Swing T1, which is near support @ 1.5372. As of right now for my trading technique, price is in no mans land – meaning if you aren’t in a trade, you shouldn’t look to get into one right now.
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  • #198,684
  • Feb 8, 2010 7:05pm Feb 8, 2010 7:05pm
Two misses in a row.
Will the 3rd time be the charm.

The EMA's have crossed twice in a scattered
fashion unwilling to join into a tight configuration;
perhaps they will all get in sync and form a good
compression pattern.

To do so it will need to range above AND below the
5m 144 (aqua) @ 1.5600 to draw tightly together.

In the meantime the 1m is in compression and about
to show its hand with a bounce off of this LTL.

I entered long on the middle dip @ .5580 and .5570
with a SL at .5555

Dr. D.
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  • #198,685
  • Feb 8, 2010 7:20pm Feb 8, 2010 7:20pm
Agreed.... I"m flat... the 1.5650 was good for me... now to re evaluate... would like to see another move up for shorts or a range break soon.

Quoting Liquid
Looking at the Cable, price is currently between a past level of support that could now possibly act as resistance @ 1.5706 and support further down @ 1.5372. I would like to see price travel down to 1.5372 area to complete the Weekly Downswing D extension @ Intermediate Swing T1, which is near support @ 1.5372. As of right now for my trading technique, price is in no mans land – meaning if you aren’t in a trade, you shouldn’t look to get into one right now.
DireXiv Make it happen, no one else is going to do it for you...
  • #198,686
  • Feb 8, 2010 7:20pm Feb 8, 2010 7:20pm
Quoting fourxtrader
Two misses in a row.
Will the 3rd time be the charm.

The EMA's have crossed twice in a scattered
fashion unwilling to join into a tight configuration;
perhaps they will all get in sync and form a good
compression pattern.

To do so it will need to range above AND [i][color=#0000ff]below...
been playing both sides lol, currently long as you are , we have just been gyrating around todays open , if it does start up yesterdays high would be a decent target, if it decides to head down my target will be 1.5525 area to start with , beyond that 1.5487, jury still out at this point in time D
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  • #198,687
  • Edited 7:49pm Feb 8, 2010 7:37pm | Edited 7:49pm
Quoting digger1
been playing both sides lol, currently long as you are , we have just been gyrating around todays open , if it does start up yesterdays high would be a decent target, if it decides to head down my target will be 1.5525 area to start with , beyond that 1.5487, jury still out at this point in time DAttachment
I'll get it out of you one way or another even if
I have to create my own definition. LOL

For me I have a 'tipping point' per TF when I see all of
the EMA's coiled around the 144 and ready to spring loose...
and the magnitude of the move is subject to the TF.

Safely I enter or add when it drifts well enough off of the point.
Daringly I enter early on approach of the 'tp' with the trend
of the next or higher TF and even on approach against the trend
when it is extended with wide separation off the EMA's as I see now.

So we have past above 'tp' on the 1m @ ~1.5586 and
now approaching the 5m @ ~1.5598.

Now I have a tight trailing stop.

Dr. D.
  • #198,688
  • Feb 8, 2010 8:04pm Feb 8, 2010 8:04pm
Quoting fourxtrader
I'll get it out of you one way or another especially if
I have to describe it far from your definition. LOL

For me I have a 'tipping point' per TF when I see all of
the EMA's coiled around the 144 and ready to spring loose...
and the magnitude of the move is subject to the TF.

Safely I enter or add when it drifts well enough off of the point.
[i][color=#0000ff]Daringly I...
Ha ha, Dr D as being just a blue collar working stiff my gift of explaining things via the english language is not the greatest, bare with me lol, the pivot levels I use are camirillo pivots , they give you a range of the days price action based on open price and the previous days price action. With this info and wether price is above or below the days open you already have a range and targets on both sides , price rarly gets beyond tht range , now you figure in the daily range of a currency which on the gbpusd I just figure 180 pips and you get somewhat of a map , on day trades I use the daily pivots but keep in mind where the important weekly levels are. I have come to use the daily open as the proverbial line in the sand for day trades and the weekly open for the line in the sand for the weekly trades and which way to be going at certain times, this chart should help explain why, now give me time and I will figure out a way to incorporate your compression charts with a reasable figure on that tipping point lol
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  • #198,689
  • Feb 8, 2010 8:22pm Feb 8, 2010 8:22pm
Quoting digger1
Ha ha, Dr D as being just a blue collar working stiff my gift of explaining things via the english language is not the greatest, bare with me lol, the pivot levels I use are camirillo pivots , they give you a range of the days price action based on open price and the previous days price action. With this info and wether price is above or below the days open you already have a range and targets on both sides , price rarly gets beyond tht range , now you figure in the daily range of a currency which on the gbpusd I just figure 180 pips and you get...
I knew I'd 'dig' it out of you. An original shouldn't be messed
with without changing the name or receiving the blessing and
help from the author.

It's like... I'm building this airplane, it was a modification of
a 2 seater. The original designer, Burt Rutan (of Space Ship 1
and the Voyager) was incensed when he first learned of this
derivation. When the project continued forward he jumped right
in with computer models and all and lent his support for what
has become a wonderful, safe 4 seat cross-country canard design.

D
  • #198,690
  • Feb 8, 2010 8:27pm Feb 8, 2010 8:27pm
Quoting fourxtrader
I knew I'd 'dig' it out of you. An original shouldn't be messed
with without changing the name or receiving the blessing and
help from the author.

It's like... I'm building this airplane, it was a modification of
a 2 seater. The original designer, Burt Rutan (of Space Ship 1
and the Voyager) was incensed when he first learned of this
derivation. [i][color=#0000ff]When...
lol, wrong type of engineerning for me , now if it was something about farming or excavating I may have a chance , btw did you get them pm
  • #198,691
  • Feb 8, 2010 8:45pm Feb 8, 2010 8:45pm
Here is a daily chart Dr D with the same kind of pivots just figured for a quarterly time period , as you can see there was a struggle at the quarterly open but once it gave way there has been a nice drop. The L4 and H4 levels are ones you want to start keeping an eye on. Thay can and will go farther but you will start to see hesitations or retraces , as with anything not always exact but good guides
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  • #198,692
  • Feb 8, 2010 9:03pm Feb 8, 2010 9:03pm
Quoting digger1
Here is a daily chart Dr D with the same kind of pivots just figured for a quarterly time period , as you can see there was a struggle at the quarterly open but once it gave way there has been a nice drop. The L4 and H4 levels are ones you want to start keeping an eye on. Thay can and will go farther but you will start to see hesitations or retraces , as with anything not always exact but good guides Attachment

Thanks... I'll archive each of these posts and study them after "24".
lol

D
  • #198,693
  • Feb 8, 2010 9:11pm Feb 8, 2010 9:11pm
1.56 was high enough for me to short
  • #198,694
  • Feb 8, 2010 10:18pm Feb 8, 2010 10:18pm
Went long 1.5588, looking for 1.5642/741 ! Key level 1.6587 --> DP Today !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #198,695
  • Feb 8, 2010 10:24pm Feb 8, 2010 10:24pm
Quoting Jemmy
D-4 ~ BULLS 1 : 6 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 1 : 6 BEARS
D-1 ~ BULLS 0.5 : 6.5 BEARS
D-0 ~ BULLS 0.5 : 6.5 BEARS
Bears train has been moving non-stop from 6070 to 5600 (around 500pips)..
It may be overheated..
5604...close position here..
Attachment
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 1 : 6 BEARS
D-2 ~ BULLS 0.5 : 6.5 BEARS
D-1 ~ BULLS 0.5 : 6.5 BEARS
D-0 ~ BULLS 2 : 5 BEARS
Bears train has stopped as day closed doji..
Bulls made consolidation to strike back..
What will happen still unclear as doji means "indecisive"..
I will stay on the sideline today..
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Patience + Discipline =
  • #198,696
  • Feb 8, 2010 10:44pm Feb 8, 2010 10:44pm
Quoting kill56
is d finshed or we still have some more south

Hi kill56,

Allow I give Advice to you:

1. If you use FIBONACCI Indi, you can use the Fibonacci alone.

2. If you use BARROS Swing Indi, the Fibonacci must be to included !
Without Fibonnacci, BORIS movement can not be exactly Calculated.

Because BARROS Swing + FIBONACCI = BEST Couple
( Used M5 Time Frime for GOOD Performance )

ALL that, you can found in :

- Auto FIBO Indi in Post #193604
- The Nature of Trends by Ray Barros e-book in Post #193659
- BARROS Swing Indi in Post #192883


GREEN Pips for you, Bro...


Best Regard,




Tsar
Always looking the GREAT, never left GOOD Point...
  • #198,697
  • Feb 8, 2010 10:46pm Feb 8, 2010 10:46pm
Quoting javapips
hallo...,i'm not good enough in counting EW too, that's part so subjective for each EW'ers...,but i 'think' (it's just may be) your counting are wrong...,i mean...,yes you know what i mean...,too far....(once again...i said it is maybe...,)
try find EW counting from malcolmb in this thread...,some where here but i don't remember where it is..,or just give a PM to him..and ask for his last counting...,(i don't know will he answer or not, but just try) good luck...,
thx man, really appreciate that. Many traders seem to use EW, but I just don't know where to start drawing the lines and how far the lines should go.. there's another thread discussing about the EW, but most I saw were simply charts with few basic guidelines which I do not fully understand.. well, I'll try to message him and see if I'm lucky
  • #198,698
  • Feb 8, 2010 10:48pm Feb 8, 2010 10:48pm
hello! hello!
http://gftnet.gftforex.com/images/co...ll_g1-2810.JPG
  • #198,699
  • Feb 8, 2010 10:52pm Feb 8, 2010 10:52pm
Quoting Tsar
Hi kill56,

Allow I give Advice to you:

1. If you use FIBONACCI Indi, you can use the Fibonacci alone.

2. If you use BARROS Swing Indi, the Fibonacci must be to included !
Without Fibonnacci, BORIS movement can not be exactly Calculated.

Because BARROS Swing + FIBONACCI...


hi Tsar!
about what fibonacci indi you say ? please send it to me :-)
  • #198,700
  • Feb 8, 2010 11:16pm Feb 8, 2010 11:16pm
Nice compression and release on the 5m.

What next?

Dr. D.
Attached Image
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