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Cable Update (GBPUSD)

  • #200,781
  • Feb 19, 2010 9:25am Feb 19, 2010 9:25am
Quoting fourxtrader
Stop teasing me and start teaching me.

Dr. D.
ha ha < i know what it is similar too but after all the fireworks earlier in the week I want to get everything down 1st lol
  • #200,782
  • Feb 19, 2010 9:28am Feb 19, 2010 9:28am
this thread should be about this
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  • #200,783
  • Feb 19, 2010 9:30am Feb 19, 2010 9:30am
Quoting Magix
And speaking of over confidence...I was again trying to set a topside target on a downtrend for entry. I really should know better.

Oh well.

I have shamed myself.
no !
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  • #200,784
  • Feb 19, 2010 9:30am Feb 19, 2010 9:30am
Quoting Magix
And speaking of over confidence...I was again trying to set a topside target on a downtrend for entry. I really should know better.

Oh well.

I have shamed myself.

Now if this spike down on the 1m compression is only
a head fake (if followed by upward movement) it serves
a useful purpose in helping the 5m compression continue
to develop. Then we could see a more meaningful drop.

***Playing both ways.

Dr. D.
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  • #200,785
  • Feb 19, 2010 9:31am Feb 19, 2010 9:31am
Quoting Magix
And speaking of over confidence...I was again trying to set a topside target on a downtrend for entry. I really should know better.

Oh well.

I have shamed myself.
bro your 200ma m5 on dragon. take a look.
Thank You
  • #200,786
  • Feb 19, 2010 9:33am Feb 19, 2010 9:33am
Quoting Privet
no !
I dunno ew. A little summary to the chart would be helpful
Thank You
  • #200,787
  • Feb 19, 2010 9:41am Feb 19, 2010 9:41am
Quoting digger1
Dr D well this was a half hour chart lol, but in most of your 5 minute charts you have posted and the ones I have been watching set up like yours there is a reoccuring theme I have noticed , will try and get with you soon when I get it all down to see if its anything you can use to help find that "tippingpoint"
First I'm scratching my head... now I'm washing my
hand as I pull my head out of me old rectal orifice.

Isn't it nice to use 'artistic license'. Draw the lines
wherever and whenever you choose, without waiting
for the tf to finish. LOL

Dr. D.
  • #200,788
  • Feb 19, 2010 9:49am Feb 19, 2010 9:49am
Quoting digger1
Dr D well this was a half hour chart lol, but in most of your 5 minute charts you have posted and the ones I have been watching set up like yours there is a reoccuring theme I have noticed , will try and get with you soon when I get it all down to see if its anything you can use to help find that "tippingpoint"
As long as this recurring theme is more than just confusion.

Dr. D.
  • #200,789
  • Feb 19, 2010 9:50am Feb 19, 2010 9:50am
Quoting wormboy
bro your 200ma m5 on dragon. take a look.
And there she goes ...
Thanks for the tip magix. i slapped this 200 on my m5 chart to scalp. sure is useful
Thank You
  • #200,790
  • Feb 19, 2010 9:53am Feb 19, 2010 9:53am
Quoting digger1
java if the gbpusd cant get back thru this 1.5420 level soon I am going to close my longs and call it a week , I am sure you have your own plan but since my posts influenced your decision thought I would tell you , cheers
thanks you very much dig...,i never feels better trading like this...,all move in my counting and all possibility that use to be...,
i've just add 1 more long @ 1.5383 (my first entry from you 5357)
all entry now in Rest mode SL= entry

even if price goes down and hit all my entry i'm satisfied enough...,i've doing my best...thanks you... hope the best for you too...
I will be the number one Manager.
  • #200,791
  • Feb 19, 2010 9:53am Feb 19, 2010 9:53am
Quoting fourxtrader
First I'm scratching my head... now pull washing my
hand as I pull my head out of me old rectal orifice.

Isn't it nice to use 'artistic license'. Draw the lines
wherever and whenever you choose, without waiting
for the tf to finish. LOL

Dr. D.
ah ha ha ha , I know you have seen it lots of times , lol, no you are not going to use it like that lol, if you look at your 5 minute chart at these times 1.23 am to 4: 27 am the spike down on the gbpretail sales release you will see the pattern today it is upside down to the pattern where the big drop started back on the 17th, the times for that are 3:14 am was the start of it 8:06 am was the finish of the pattern where you should have went short these are new york times , now there have been smaller patterns each way inbetween these two but you will see these , I have to work on a few things more but the two mentioned you should be able to pick out
  • #200,792
  • Feb 19, 2010 9:58am Feb 19, 2010 9:58am
Quoting javapips
thanks you very much dig...,i never feels better trading like this...,all move in my counting and all possibility that use to be...,
i've just add 1 more long @ 1.5383 (my first entry from you 5357)
all entry now in Rest mode SL= entry

even if price goes down and hit all my entry i'm satisfied enough...,i've doing my best...thanks you... hope the best for you too...
great java just remember Fridays can be a wild card day lol, I would feel a lot better if we got above the 1.5520 level , dont give any back and I hope you have a great weekend
  • #200,793
  • Feb 19, 2010 9:59am Feb 19, 2010 9:59am
See... now that's a good compression (1m) pattern that has
formed, when all the EMA's cross closer to a narrow point
after whipping down and now back up again in the gathering.

Further movement upward around and above the 144 (aqua)
in the hours to come should help the 5m form for a bigger pop.

Time will tell. If not there's always another TF to play with.
That is the recurring theme... compression - release - separation
and being showered with pips.

Dr. D.
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  • #200,794
  • Feb 19, 2010 10:03am Feb 19, 2010 10:03am
Quoting wormboy
And there she goes ...
Thanks for the tip magix. i slapped this 200 on my m5 chart to scalp. sure is useful
I ran through a little explanation on my charting for ya here wormie, ez to miss posts.

I use the same moving averages on all time frames.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,795
  • Feb 19, 2010 10:12am Feb 19, 2010 10:12am
Quoting Magix
I ran through a little explanation on my charting for ya here wormie, ez to miss posts.

I use the same moving averages on all time frames.

"If your eyes are crossed by the time you have read this, I understand as mine were crossed just writing it."



Good stuff mate thanks for taking the time to explain. Much appreciated.
But I only use the m1 & m5 to scalp, so the addition of the 200ema you recommended had greatly enhanced my scalping gains.
I was long dragon off ltl on the m5 earlier & when price punched thru the 200ema I added further to my existing position, another 40 upon the 200ema break. This is the 3rd time I've used that ma without failure.
Beer's on me
Thank You
  • #200,796
  • Feb 19, 2010 10:20am Feb 19, 2010 10:20am
Off for the day guys.

Best of luck into the weekend!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,797
  • Feb 19, 2010 10:21am Feb 19, 2010 10:21am
Quoting Magix
Off for the day guys.

Best of luck into the weekend!

Have a great one magix
  • #200,798
  • Feb 19, 2010 10:22am Feb 19, 2010 10:22am
lol dragon's flying
Thank You
  • #200,799
  • Feb 19, 2010 10:24am Feb 19, 2010 10:24am
Quoting wormboy
lol dragon's flying
sure is
  • #200,800
  • Feb 19, 2010 10:24am Feb 19, 2010 10:24am
Quoting Magix
Off for the day guys.

Best of luck into the weekend!

Have a good one man! & thanks again lol, I basically solved one issue because of that one line!
Thank You
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