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Cable Update (GBPUSD)

  • #210,501
  • Mar 26, 2010 4:38am Mar 26, 2010 4:38am
Quoting antic81
Hi Nasca,

It means 200 Moving Average, sometimes you may see EMA (exponetial Moving Average) or SMA (simple moving average)

Hope that helps!

Ant
Thanks Ant,

Would the 200 be in as minutes?

Thanks
  • #210,502
  • Mar 26, 2010 4:39am Mar 26, 2010 4:39am
Quoting Nasca
Thanks Ant,

Would the 200 be in as minutes?

Thanks
depends on ur time frame. it just take 200 of whatever time frame u use
  • #210,503
  • Mar 26, 2010 4:41am Mar 26, 2010 4:41am
Quoting Nasca
Thanks Ant,

Would the 200 be in as minutes?

Thanks
No, years . Minutes is indeed correct.

Anything happen while I was away?
Might have to go into the games room and play a bit of pool and darts to take my mind of it. I am packed and ready to go! This train is taking ages to get our of the city!
  • #210,504
  • Mar 26, 2010 4:43am Mar 26, 2010 4:43am
Quoting Nasca
Sorry, i was wondering if someone could quicky explain what, for example "200ma" means?
I hear this mentioned allot but it's something i have never come across.

I've tried google but no so luck!

Thanks in advance for any advice,
try this

http://www.investopedia.com/university/movingaverage/
  • #210,505
  • Mar 26, 2010 4:45am Mar 26, 2010 4:45am
Quoting Nasca
Thanks Ant,

Would the 200 be in as minutes?

Thanks
No, it is periods, so if you are using a 5 minute chart for example, you see each candle ( if you are using candle sticks ) takes five minutes to form, the 200 moving average takes the price average of 200 of those candles.

So if it was a 15 minute chart it would take 200 fifteen minute candles.
1 Hour would be 200 one hour candles etc...

Cheers,

Ant
  • #210,506
  • Mar 26, 2010 4:46am Mar 26, 2010 4:46am
Quoting bbakker
No, years . Minutes is indeed correct.

Anything happen while I was away?
Might have to go into the games room and play a bit of pool and darts to take my mind of it. I am packed and ready to go! This train is taking ages to get our of the city!
take me with u bro
  • #210,507
  • Mar 26, 2010 4:48am Mar 26, 2010 4:48am
Quoting kill56
try this

http://www.investopedia.com/university/movingaverage/
Thank you very much Sir.

Good luck today.
  • #210,508
  • Mar 26, 2010 4:48am Mar 26, 2010 4:48am
By the way I have entered a short at the 50% of the move this morning on the 15M, well a little below it at about 1.4940...

Could be a ranging day, my stop is above todays open.
  • #210,509
  • Edited 7:04am Mar 26, 2010 4:50am | Edited 7:04am
As it is quiet, I want to share the "big picture", something I do for all currency pairs that I watch closely. I call this my asschart. (name borrowed from Gatorinla over at the fibre thread)

Price is driven by orderflow. The big boys look at the bigger picture and not at small retracement/continuations on the M15.

Attached you can see the big boys started to sell of at 53463, it passed 51807 without a hitch, the big boys continued to sell at 49649, a retracement occurred however the big boys continued to support the sell and added sell orders all the way to 51001 where the main orderflow continued down and broke 49649 at 48793 some profit taking took place but the order flow still continued to sell and 49649 was protected and the orderflow continued.

We now come to 48793 where profit taking took place again as the daily/weekly low was reached, however the main orderflow continued and the big boys are still selling.

I can see this order flow continuing to 1.44 and eventually 1.35 unless the big boys have had enough, take their profits and we go back to 1.57.

Untill I see a resistance forming where the big boys take their profit at a level below 48793, I am going to continue looking for short opportunities on the M15/M30 and ignore the smaller retraces up. Unless of course the orderflow stops here and we have reached our lowest point, at that time it is time to follow the order flow back up.

Decision time, what will be the new line in the sand and on which side of the line do we continue?

My next level down is 1.4396
Attached Image (click to enlarge)
Click to Enlarge Name: the big picture.gif Size: 6 KB
  • #210,510
  • Mar 26, 2010 4:50am Mar 26, 2010 4:50am
I am off to get some bacon and egg rolls for the team @work. I'm Hank Marvin
  • #210,511
  • Mar 26, 2010 4:54am Mar 26, 2010 4:54am
Quoting cloggie
As it is quiet, I want to share the "big picture"

Price is driven by orderflow. The big boys look at the bigger picture and not at small retracement/continuations on the M15.

Attached you can see the big boys started to sell of at 53463, it passed 51807 without a hitch, the big boys continued to sell at 49649, a retracement occurred however the big boys continued to support the sell and added sell orders all the way to 51001 where the main orderflow continued down and broke 49649 at 48793 some profit taking took place but the order flow still...


Still no sign on EU? It got bloody close to my SL from my positions yesterday! I don't like the fact that the Big Boys might be ramping this one up, which was Wormie's thinking, although he was a day or two too early!
  • #210,512
  • Mar 26, 2010 4:55am Mar 26, 2010 4:55am
Quoting antic81
No, it is periods, so if you are using a 5 minute chart for example, you see each candle ( if you are using candle sticks ) takes five minutes to form, the 200 moving average takes the price average of 200 of those candles.

So if it was a 15 minute chart it would take 200 fifteen minute candles.
1 Hour would be 200 one hour candles etc...

Cheers,

Ant
Right, i see, thank you.
Hay, thanks for your time & good luck.
  • #210,513
  • Mar 26, 2010 5:01am Mar 26, 2010 5:01am
will its crazy its friday stay kool have a bud keep it light
  • #210,514
  • Mar 26, 2010 5:01am Mar 26, 2010 5:01am
Quoting cloggie
As it is quiet, I want to share the "big picture"

Price is driven by orderflow. The big boys look at the bigger picture and not at small retracement/continuations on the M15.

Attached you can see the big boys started to sell of at 53463, it passed 51807 without a hitch, the big boys continued to sell at 49649, a retracement occurred however the big boys continued to support the sell and added sell orders all the way to 51001 where the main orderflow continued down and broke 49649 at 48793 some profit taking took place but the order flow...
Thanks for your thoughts...
Don't be emo... don't be emo....
  • #210,515
  • Mar 26, 2010 5:03am Mar 26, 2010 5:03am
Quoting pawpaw1000
is there not a single bull in the room?

http://img267.imageshack.us/img267/6067/twocows1.jpg

even lion is going bear...
Inserted Video
  • #210,516
  • Mar 26, 2010 5:06am Mar 26, 2010 5:06am
Quoting cloggie
As it is quiet, I want to share the "big picture"

Price is driven by orderflow. The big boys look at the bigger picture and not at small retracement/continuations on the M15.

Attached you can see the big boys started to sell of at 53463, it passed 51807 without a hitch, the big boys continued to sell at 49649, a retracement occurred however the big boys continued to support the sell and added sell orders all the way to 51001 where the main orderflow continued down and broke 49649 at 48793 some profit taking took place but the order flow still...
Hi Cloggie. Where can you find info about what the "big picture" and "big boys are doing?
Thanks.
  • #210,517
  • Mar 26, 2010 5:14am Mar 26, 2010 5:14am
Quoting drakes
Thanks for your thoughts...
You welcome, the big picture is important. The big boys are protecting their sell off at 1.57 and are in for the long run and big profits. As soon as there is a retracement they sell of again to protect their original investment, the additional sell of protects the orderflow and their protection turns into another position in their longer term goal of 1.44/1.35. The big boys don't lose, they can protect their goal by adding positions. It is a matter of finding where the first big boy blinks and takes their profits. As long as each level is protected I buy the shorts on the retraces, once a level goes on the way up indicating profit taking by the big boys, I buy the longs on the dips.
  • #210,518
  • Mar 26, 2010 5:21am Mar 26, 2010 5:21am
Quoting cloggie
This retrace has some bite to it and we may see the pivot again.
My bias for the day is still bearish, sub 48

Here we go back at the DP
  • #210,519
  • Mar 26, 2010 5:23am Mar 26, 2010 5:23am
Quoting cloggie
Here we go back at the DP
sorry, what means DP?

thanks.
  • #210,520
  • Mar 26, 2010 5:26am Mar 26, 2010 5:26am
Funny how the price went up just high enough to take out all those stops hiding on the other side of the DP.

DP = daily pivot point. Pivot points made for you
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