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Cable Update (GBPUSD)

  • #199,461
  • Feb 12, 2010 12:12pm Feb 12, 2010 12:12pm
Now look how tight the compression has
formed on both the 30m and 15m charts.

Is there enough trading interest left to move
these or will it fizzle on a Friday?

As a note: Often the PA will move up and /or
down to coil the EMA's tightly together and pass
through once in a false direction before the final move.

Just a guess... this up move might be the false move.

Dr. D.
Attached Images
  • #199,462
  • Feb 12, 2010 12:25pm Feb 12, 2010 12:25pm
Magix,

I now see the 55ema as a southbound barrier
on the 5m, 15m, 30m, 1h charts. Interesting.

Dr. D.
  • #199,463
  • Feb 12, 2010 12:39pm Feb 12, 2010 12:39pm
Quoting fourxtrader
Now look how tight the compression has
formed on both the 30m and 15m charts.

Is there enough trading interest left to move
these or will it fizzle on a Friday?

As a note: Often the PA will move up and /or
down to coil the EMA's tightly together and pass
through once in a [i][color=#0000ff]false direction before the...
Now the 5m has entered the fray.

Dr. D.
Attached Image
  • #199,464
  • Feb 12, 2010 1:00pm Feb 12, 2010 1:00pm
Quoting fourxtrader
Magix,

I now see the 55ema as a southbound barrier
on the 5m, 15m, 30m, 1h charts. Interesting.

Dr. D.
The 55EMA shows up on one time frame, if you look at the previous time frame, you will see that the same area coincides with the 200SMA.

The system I have been working on, has been to refine my trading style to determine the actual time frame that is of importance.

A quick look last night at the jump and then fall, was a dead stop on the hourly 200EMA. From there, we again retraced back down.

This has been an interesting week, it would see more as cable was trying to shake traders in a manner not unlike trying to whip a booger off your finger on a no kleenex day.

I have only traded about a dozen times since Monday, have been in and out, long and short, and have started to add a few more pairs to my plays. EFFin Cable don't wanna play nice, I will find another sandbox!

Outa here till Tuesday!

Enjoy the weekend and trade well!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #199,465
  • Feb 12, 2010 1:08pm Feb 12, 2010 1:08pm
Just another point of interest...Support/Resistance wise.

The 200EMA, Yellow line, and inside the green circles..

You can see how it has been played out as resistance, and then moved onto support, and as of current, we have all time frames 30m down to 1m building this as support at about the same price.

As far as I can see, this is still a coin toss here. Last time they were altogther like this, the H1 and H4 were also in line, and in a single 1 hour drop, we lost support on all of them resulting in the beginning of this last downtrend.

If we break below now, we have lost support on all lower time frames to join with the major trend and we are looking at the next leg down.

Interesting that the buy up this week, still has left about a 50 pip area of chart that hasn't been trade covered...but that too is another chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 200ema.jpg Size: 208 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #199,466
  • Feb 12, 2010 1:22pm Feb 12, 2010 1:22pm
Quoting Ctic
The Teller....Forgot my sunglasses on the counter after depositing all the sweet pips...lol.
lol, and silly me thought he was on the phone to his Bank of America friend, namely the Chief Currency Strategist:
Attached Image
  • #199,467
  • Feb 12, 2010 1:53pm Feb 12, 2010 1:53pm
Hey guys,

New to this forum (and what a forum it is). Quick question, what method are you guys using in this thread, or is it a case of "anything goes"?

Thanks!
  • #199,468
  • Feb 12, 2010 3:36pm Feb 12, 2010 3:36pm
Quoting fourxtrader
Now look how tight the compression has
formed on both the 30m and 15m charts.

Is there enough trading interest left to move
[i][color=blue]these or will it fizzle on a Friday?...

Which MAs/EMAs do you use in your analysis?
  • #199,469
  • Edited Feb 13, 2010 12:19am Feb 12, 2010 7:51pm | Edited Feb 13, 2010 12:19am
Quoting skiffx
Which MAs/EMAs do you use in your analysis?
See Post #184385

"I happen to use 9 EMA's (applied close):
[(6), 18, 36, 54, 72, 90, 108, 126, 144]

The specific EMA's are not significant provided they cover
a good range ~(1 - 150-200 periods) and are evenly spaced.

It is the pattern that is formed that is important as they
slowly gather, converge and should they compress and
pack tightly together which very often occurs, a rapid
unidirectional and often vertical price action with marked pip
movement will imminently ensue (relative to the TF).

They produce a timing signal to alert one to a change which
will inevitably occur from ranging consolidations into
breakout trend movements. (relative to their TF's)."

Good luck,

Dr. D.
  • #199,470
  • Feb 12, 2010 9:02pm Feb 12, 2010 9:02pm
lol that seems to be wayy back. btw I like ur "method"

Quoting fourxtrader
See Post #184385

Good luck,

Dr. D.
Its all in the mind.
  • #199,471
  • Feb 12, 2010 9:02pm Feb 12, 2010 9:02pm
Quoting Tsar
Hey Jem...
Please, Try with SCRIPT in : http://www.indicatorforex.com/conten...e-stop-hunting
thanks Tsar, nice script..
Patience + Discipline =
  • #199,472
  • Feb 13, 2010 12:34am Feb 13, 2010 12:34am
hello Tsar!

Trade Idea: GBP/USD - Stand aside

GBP/USD - 1.5610
Most recent candlesticks pattern : N/A
Trend : Down
Tenkan-Sen level : 1.5651
Kijun-Sen level : 1.5658
Ichimoku cloud top : 1.5905
Ichimoku cloud bottom : 1.5729
Original strategy :
Sell at 1.5760, Target: 1.5560, Stop: 1.5825
New strategy :
Stand aside
Although the British pound has retreated from 1.5742 (met renewed selling exactly at the Ichimoku cloud bottom) in tandem with euro, a breach of recent low at 1.5535 is needed to confirm recent decline has resumed and extend weakness to 1.5500, however, loss of near term downward momentum should prevent sharp fall below 1.5450 and reckon 1.5412 (100% projection of 1.6879 to 1.5832 measuring from 1.6459) would hold from here, bring a much-needed correction later next week.
In the event said support continues to hold and cable rebounds back above the Ichimoku cloud bottom (now at 1.5729), then another corrective rise to 1.5766 would follow but break there is needed to bring retracement of recent decline to 1.5800, then 1.5850 (previous support turned resistance).
As near term outlook is mixed, we prefer to stand aside in the meantime. Due to Chinese New Year, next update will be on Wednesday 17 Feb.
  • #199,473
  • Feb 13, 2010 1:09am Feb 13, 2010 1:09am
if this count is correct, GU will definitely go down down down
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.gif Size: 17 KB
  • #199,474
  • Feb 13, 2010 1:19am Feb 13, 2010 1:19am
Banks about gbp/usd consensus 12-02-2010:
31-03-2010 1.6198
30-06-2010 1.6464
30-09-2010 1.6400
31-12-2010 1.6395
31-03-2011 1.6231
30-06-2011 1.6292
30-09-2011 1.6219
31-12-2011 1.6283


?
  • #199,475
  • Edited 1:51am Feb 13, 2010 1:23am | Edited 1:51am
[цитата = fxripper; 3461377] Если этот счет является правильным, ГУ обязательно спуститесь вниз вниз [/ QUOTE]

down before...? 1.5540 ? 1.5450? #199477 after 1.5850. yes?
  • #199,476
  • Edited 2:25am Feb 13, 2010 2:11am | Edited 2:25am
Quoting fourxtrader
See Post #184385

"I happen to use 9 EMA's (applied close):
[(6), 18, 36, 54, 72, 90, 108, 126, 144]

The specific EMA's are not significant provided they cover
a good range ~(1 - 150-200 periods) and are evenly spaced.

It is the pattern that is formed that is important as they
slowly gather, converge and should they compress and
[color=blue][i]pack...

Thanks.

Also you wouldnt happen to have a multipleEMA indicator so you can preset it and add and remove all of them easily?
  • #199,477
  • Feb 13, 2010 2:29am Feb 13, 2010 2:29am
Quoting skiffx
Thanks.

Also you wouldnt happen to have a multipleEMA indicator so you can preset it and add and remove all of them easily?
It's actually really easy to just do it man. Just add in your MA from indicators, double click it, right click, go to inputs, double click the "level" it will highlight then just add it your level and it okay.
  • #199,478
  • Feb 13, 2010 2:34am Feb 13, 2010 2:34am
Quoting Privet
hello Tsar!

Trade Idea: GBP/USD - Stand aside

GBP/USD - 1.5610
Most recent candlesticks pattern : N/A
Trend : Down
Tenkan-Sen level : 1.5651
Kijun-Sen level : 1.5658
Ichimoku cloud top : 1.5905
Ichimoku cloud bottom : 1.5729
Original strategy :
Sell at 1.5760, Target: 1.5560, Stop: 1.5825
New strategy :
Stand aside
Although the British pound has retreated from 1.5742 (met renewed selling exactly at the Ichimoku cloud bottom) in tandem with euro, a breach of recent low at 1.5535 is needed to confirm recent decline...
Hi Privet,

Nice to see you again...
Thank's so much for your Analysis.
Always looking the GREAT, never left GOOD Point...
  • #199,479
  • Feb 13, 2010 2:39am Feb 13, 2010 2:39am
Would like to take the time to wish my chinese friends & all chinese traders/posters at the factory Gong Xi Fa Cai & may the year of the tiger be a very prosperous year. Enjoy the holidays
Thank You
  • #199,480
  • Feb 13, 2010 2:53am Feb 13, 2010 2:53am
In your mind where the price open?
I have some position running!!
anyone can guess?
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