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Cable Update (GBPUSD)

  • #211,861
  • Mar 31, 2010 4:05am Mar 31, 2010 4:05am
Quoting forexlion
like it or not

but with last week high gone its a full blown uptrend now

5380 is the current target

Pierced....NOT broken. The week isn't over yet but this still could up. I'll need a daily close above 5195 to run full bull me thinks.

How ya been Lion?
Ghost Rider - WWTBMD?
  • #211,862
  • Mar 31, 2010 4:08am Mar 31, 2010 4:08am
Quoting albchr
...
It's all about...

BEER MONEY TM
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #211,863
  • Mar 31, 2010 4:11am Mar 31, 2010 4:11am
Quoting Bull_Bear
Lion is a mad man (take it as a compliment), but he pulls he's weight around here pretty good.
Yeah that explains a lot .. He also seems to contradict himself quite a bit .. still, he has some valuable input & I'm learning from him as well.
******************* I'd rather make money than be right.
  • #211,864
  • Mar 31, 2010 4:14am Mar 31, 2010 4:14am
Quoting 4xStar
So far there has not been a close on 4h or daily above the 5110 .. and since nothing goes straight up (except the GY of course!) don't you expect some sort of retrace before the trip to 5380?
your answer

a strong uptrend with no reason to short

http://img28.imageshack.us/img28/2138/cablet.gif
  • #211,865
  • Mar 31, 2010 4:16am Mar 31, 2010 4:16am
Quoting Bull_Bear
It's all about...

BEER MONEY TM
Dam close brother... VODKA!!

And ummm.... gas for the bike.
Ghost Rider - WWTBMD?
  • #211,866
  • Mar 31, 2010 4:19am Mar 31, 2010 4:19am
Quoting forexlion
your answer

a strong uptrend with no reason to short

http://img28.imageshack.us/img28/2138/cablet.gif
we rammed into the upper optimal on the indicator i designed a few hours back

i love it when they work in real time as well as they worked on a 30 day back test

http://img638.imageshack.us/img638/1043/cable.gif
  • #211,867
  • Mar 31, 2010 4:22am Mar 31, 2010 4:22am
Quoting forexlion
your answer

a strong uptrend with no reason to short
Very true, but a reasonable place to look for a turn. Allowing PA to show the way of course. I mean...would you buy here lion?
Ghost Rider - WWTBMD?
  • #211,868
  • Mar 31, 2010 4:24am Mar 31, 2010 4:24am
Quoting albchr
Very true, but a reasonable place to look for a turn. Allowing PA to show the way of course. I mean...would you buy here lion?
yes i agree

nothing goes up straight, we go in waves and we could see many dips along the way
  • #211,869
  • Mar 31, 2010 4:26am Mar 31, 2010 4:26am
Quoting forexlion
we rammed into the upper optimal on the indicator i designed a few hours back

i love it when they work in real time as well as they worked on a 30 day back test
And you'll be sharing this new iindicator, of course??
******************* I'd rather make money than be right.
  • #211,870
  • Mar 31, 2010 4:28am Mar 31, 2010 4:28am
Quoting albchr
Very true, but a reasonable place to look for a turn. Allowing PA to show the way of course. I mean...would you buy here lion?
my tail says we could see a dip here after the move into upper optimal

http://img641.imageshack.us/img641/5499/cableg.gif
  • #211,871
  • Mar 31, 2010 4:28am Mar 31, 2010 4:28am
Quoting 4xStar
And you'll be sharing this new iindicator, of course??
Nil Desperandum Illegitimi Carborundum
  • #211,872
  • Mar 31, 2010 4:30am Mar 31, 2010 4:30am
Quoting forexlion
yes i agree

nothing goes up straight, we go in waves and we could see many dips along the way
Also didn't you say a while back that as long as 10 sma is under 20sma on daily you would not be long? Looks like it would have to go quite a bit higher to make that cross back upwards...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
******************* I'd rather make money than be right.
  • #211,873
  • Mar 31, 2010 4:32am Mar 31, 2010 4:32am
Quoting 4xStar
And you'll be sharing this new iindicator, of course??
i am planning to modify it already and add more levels, so unless i have something stable and reliable there is no reason to put a noob to risk
  • #211,874
  • Mar 31, 2010 4:34am Mar 31, 2010 4:34am
Quoting forexlion
yes i agree

nothing goes up straight, we go in waves and we could see many dips along the way
Yep. For me at this point it's scalp shorts and buy the dips. Just love the fibes though. To the pip and bounce on one drawn on the daily from 6457 to current low of 4780.

With the 200MA right there on the 4H, I'll be watching closely.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4_hour_2.gif Size: 39 KB
Ghost Rider - WWTBMD?
  • #211,875
  • Mar 31, 2010 4:35am Mar 31, 2010 4:35am
Quoting Bull_Bear
sell 1.5155, SL.. 1.5190.. TP open
This my view on short and where i see support for continuation or turn and reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 87 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #211,876
  • Mar 31, 2010 4:35am Mar 31, 2010 4:35am
Quoting rasc00
i never share indicators which i have not tested for consistency first, that is my first rule, nothing to laugh about
  • #211,877
  • Mar 31, 2010 4:41am Mar 31, 2010 4:41am
Will it be called Bearish Divergence if h1 is closed as it is now?

http://i42.tinypic.com/zsvk7s.jpg

Or I am wrong???
Smile Chankl78
  • #211,878
  • Mar 31, 2010 4:43am Mar 31, 2010 4:43am
Quoting forexlion
i never share indicators which i have not tested for consistency first, that is my first rule, nothing to laugh about
Rule #2 Don't share indicators
Nil Desperandum Illegitimi Carborundum
  • #211,879
  • Mar 31, 2010 4:43am Mar 31, 2010 4:43am
Quoting forexlion
i never share indicators which i have not tested for consistency first, that is my first rule, nothing to laugh about
what gives you the levels?

just curious I understand if you do not want to say.

Thanks in advance.
  • #211,880
  • Mar 31, 2010 4:46am Mar 31, 2010 4:46am
Notice the compression - release pattern.
The ema's gathered, crunched and price
shot up off of the tightest configuration.

Last time we saw a similar pattern was
3/26 14:00 GMT.

Dr. D.
Attached Image
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