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Cable Update (GBPUSD)

  • #199,421
  • Feb 12, 2010 9:52am Feb 12, 2010 9:52am
Quoting manize
Friday, I found a new S/R at 1.5630 ! Go beyond 1.5587 - 15630 on H1/H4 close/open will be interesting !
Failed to break 1.5587, currently stays above 1.5630, if another 12 minutes able to hold the current position --> I am more long than short ! Confirmation go more up keep eye on 1.5658 !

Otherwise if stays below 1.5630 again I am flat, go short at the bottom area is very risky !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,422
  • Feb 12, 2010 9:58am Feb 12, 2010 9:58am
5650 needed in 3 minuts
  • #199,423
  • Feb 12, 2010 9:59am Feb 12, 2010 9:59am
Quoting meromar
What is the size of ur account?
not much on this acc . bro
Attached Image (click to enlarge)
Click to Enlarge Name: m15 cable.gif Size: 37 KB
  • #199,424
  • Feb 12, 2010 10:01am Feb 12, 2010 10:01am
closed long +3
  • #199,425
  • Feb 12, 2010 10:01am Feb 12, 2010 10:01am
From 1.5739 To 1.5578 Was The First Wave Of DownTrend ,

And From 1.5578 To 1.5677 Was The Correction ( Second Wave ) ,

So , We R In 3rd Wave Of Down Trend , From 1.5677 To (..... ) !




Maybe 1.5541 , 1.5532 , 1.5520 , .....

Who Knows....!?






By The Way , Wow !

What About 5th Wave....!?

To Where ...!?

* Never Trust To Any Indicator *
  • #199,426
  • Feb 12, 2010 10:03am Feb 12, 2010 10:03am
0.5 lot too cool, u have 10K or less?
Quoting kill56
not much on this acc . bro
  • #199,427
  • Feb 12, 2010 10:03am Feb 12, 2010 10:03am
Quoting omiunu
added long position at 1.5639 s.l at 1.5618. Fingers crossed
holding my on. Got a phone call from u knw (who)at bank of america
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #199,428
  • Feb 12, 2010 10:08am Feb 12, 2010 10:08am
Quoting meromar
0.5 lot too cool, u have 10K or less?

bro my advice dont risk more than 10% of u acc
  • #199,429
  • Feb 12, 2010 10:09am Feb 12, 2010 10:09am
THANKS MAN
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #199,430
  • Feb 12, 2010 10:10am Feb 12, 2010 10:10am
after shorting again back to my
Attached Image
  • #199,431
  • Feb 12, 2010 10:10am Feb 12, 2010 10:10am
Quoting meromar
What about 5min butterfly? Is it bullish or bearish?

Here Is A Sample Of Taking Profit In ButterFly Pattern.


Be My Guest !

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd%20123pp.gif Size: 30 KB
* Never Trust To Any Indicator *
  • #199,432
  • Feb 12, 2010 10:13am Feb 12, 2010 10:13am
Quoting javapips
oh yeah Dr D, i want to ask something...,
in your EMA's compression..,after a compression, how is your calculate it's gonna move down or up? how do you know?

thanks you

java
For me, EMA compressions are only useful to serve as a timing
signal... as indicators that there is imminent movement ahead.
Often it minimizes my time at the charts and helps me avoid
the senseless sawing of sawdust in my analysis.

These can be useful if you then move to other forms of charting
when a set-up is forming and then often just good ole' intuition
(which I feel is based on experience coupled with higher powers).

Once I believe then I see.

There were compression patterns signalling movement earlier.
I was late to the charts and missed some obvious signs but caught
some of the movement down from the area around 1.5683 - 1.5700
~12 hrs ago. Didn't trade into the LDN and the up move like Ctic
pointed out. He called it right as he saw that it could move up
before down.

I'm still studying the affects of multiple TF compression patterns
and how they may possibly affect and even lend energy between
one another. I think they do. Then I could stay within these charts
and avoid over analysis. Until then I use my limited knowlege of
these methods which employ the use of MMA's, S/R and Fibos:
EOHater, Magix, Ctic, and Turveyd.

What would you find useful in these formations?

Dr. D.
  • #199,433
  • Feb 12, 2010 10:14am Feb 12, 2010 10:14am
Someone told me long ago there,s a calm before a storm
long 5630
  • #199,434
  • Feb 12, 2010 10:16am Feb 12, 2010 10:16am
closed long+8p easy money
  • #199,435
  • Feb 12, 2010 10:18am Feb 12, 2010 10:18am
Quoting meromar
Someone told me long ago there,s a calm before a storm
long 5630

what is ur t.p

mine is 1.5760

good luck
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #199,436
  • Feb 12, 2010 10:21am Feb 12, 2010 10:21am
Is there a e-book of patterns and waves at hand or u are schooler
Quoting Shad
Here Is A Sample Of Taking Profit In ButterFly Pattern.


Be My Guest !

  • #199,437
  • Feb 12, 2010 10:23am Feb 12, 2010 10:23am
Quoting omiunu
holding my on. Got a phone call from u knw (who)at bank of america
Do you get inside info?
  • #199,438
  • Feb 12, 2010 10:24am Feb 12, 2010 10:24am
Quoting omiunu
thanks man

holding holding still holding. My cousin is never wrong
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #199,439
  • Feb 12, 2010 10:28am Feb 12, 2010 10:28am
61.8 down form X?
Quoting Shad
Here Is A Sample Of Taking Profit In ButterFly Pattern.


Be My Guest !

  • #199,440
  • Feb 12, 2010 10:31am Feb 12, 2010 10:31am
Quoting negro wolf
what is ur t.p

mine is 1.5760

good luck
t.p 1 - 1.5760
t.p 2-1.5900
t.p 3 1.6000:d
SCARED MONEY NEVER DOES GOOD IN FOREX
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