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Cable Update (GBPUSD)

  • #214,041
  • Apr 7, 2010 12:01pm Apr 7, 2010 12:01pm
In the hours and days ahead we have a gathering
developing of multiple ema's on larger time frames
which more often result in compression - release
patterns and imminent explosive unidirectional PA.

Even these wide intraday swings all come from
smaller tf c-r action.

Dr. D.
Attached Images
  • #214,042
  • Apr 7, 2010 12:02pm Apr 7, 2010 12:02pm
Here's what often happens when a compression
pattern forms on any tf. When it occurs on the
larger tf's a release can produce 1,000's of pips.

Of course this occurs on all timeframes and the
compression - release patterns signal substantial
pipage relative to the tf on an hourly - daily basis.

Last major move on the H4 was 1,4000 pips.

Pick your tf, pick your poison.

Dr. D.
Attached Image
  • #214,043
  • Apr 7, 2010 12:05pm Apr 7, 2010 12:05pm
short 5256
  • #214,044
  • Apr 7, 2010 12:10pm Apr 7, 2010 12:10pm
Quoting egkid
My view the same as i post before 2 days
And Remember we are still bouncing more than 1 month between 1.48 and 1.53 , But Today open in cloud that mean >> Consolidation

Consolidation is a stage where there is not much fluctuation in the price....when the market is consolidating u cannot see any Trend , There are two possibilities after consolidation takes place:- Breakup or Breakdown....

one should wait long enough in order to confirm whether the breakout is for real and then take a position either up or down.
Nothing new
http://www.forexfactory.com/showthre...72#post3613572
  • #214,045
  • Apr 7, 2010 12:10pm Apr 7, 2010 12:10pm
Just got back from the shops, missed a nice little staggered rally back to where we started, repeat of yesterday. My short got triggered on eg, lets see how that develops. flat now on cable.

long fibre 1.337
  • #214,046
  • Apr 7, 2010 12:10pm Apr 7, 2010 12:10pm
Quoting free4440273
short 5256
Me shorted from 5250
  • #214,047
  • Apr 7, 2010 12:11pm Apr 7, 2010 12:11pm
well bb, if we close above tl we could go up 2moro...
@pawpaw1000 on Twitter
  • #214,048
  • Apr 7, 2010 12:17pm Apr 7, 2010 12:17pm
Quoting egkid
My view the same as i post before 2 days
And Remember we are still bouncing more than 1 month between 1.48 and 1.53 , But Today open in cloud that mean >> Consolidation

Consolidation is a stage where there is not much fluctuation in the price....when the market is consolidating u cannot see any Trend , There are two possibilities after consolidation takes place:- Breakup or Breakdown....

one should wait long enough in order to confirm whether the breakout is for real and then take a position either up or down....

Yes, a good way of explaining and presenting these chart patterns.
Probably won't be seeing a daily reach full compression for months....
but the next lower tf (4H) chart will preceed and it will be prepared
by yet lower tf's all joining in the gathering - compression - release.

As a note: this chart showing a daily compression - release was
in fact joined in tandem by the 4h pictured in the previous post.
They don't always form in the same moments but when several
tf's compress together simultaneously greater energy is released.

Dr. D.

"Jr. member The Voodoo Boodoo Club"
Attached Image
  • #214,049
  • Apr 7, 2010 12:25pm Apr 7, 2010 12:25pm
Thanks for reminding me of those 'rainbow' ma's. I like to check them on the 4h .. setups are rare but when they occur as you say they are usually good for 1k+ pips.

Quoting fourxtrader
Here's what often happens when a compression
pattern forms on any tf. When it occurs on the
larger tf's a release can produce 1,000's of pips.

Of course this occurs on all timeframes and the
compression - release patterns signal substantial
pipage relative to the tf on an hourly - daily basis.

Last major move on the H4 was 1,4000 pips.

[i][color=#0000ff]Pick...
******************* I'd rather make money than be right.
  • #214,050
  • Apr 7, 2010 12:32pm Apr 7, 2010 12:32pm
more than 40 days between 1.48 - 1.53 two red dots line strong S and Strong R
Attached Image (click to enlarge)
Click to Enlarge Name: dd.gif Size: 28 KB
  • #214,051
  • Apr 7, 2010 12:33pm Apr 7, 2010 12:33pm
Hmmmm, still going up.... Waiting..........
Back to basics, it has to be for me!
  • #214,052
  • Apr 7, 2010 12:41pm Apr 7, 2010 12:41pm
is anyone following what big ben saying??
  • #214,053
  • Apr 7, 2010 12:42pm Apr 7, 2010 12:42pm
Quoting BadTradingFi
Hmmmm, still going up.... Waiting..........
If you're going to get in short, I'd do it now....... Not much left on the upside if you ask me.
  • #214,054
  • Apr 7, 2010 12:43pm Apr 7, 2010 12:43pm
Quoting BadTradingFi
Hmmmm, still going up.... Waiting..........
anytime soon will be going for the shorties
  • #214,055
  • Apr 7, 2010 12:44pm Apr 7, 2010 12:44pm
Quoting lexazver
is anyone following what big ben saying??
Obviously nothing exciting going to happen in this speech. 15 mins in and no price movements. If there was anything interesting price would have been bouncing about by now.
  • #214,056
  • Apr 7, 2010 12:47pm Apr 7, 2010 12:47pm
Current views

http://www.forexfactory.com/showpost...&postcount=199
  • #214,057
  • Apr 7, 2010 12:49pm Apr 7, 2010 12:49pm
Quoting Ctic
Current views

http://www.forexfactory.com/showpost...&postcount=199
What do you mean by an inside candles job?
  • #214,058
  • Edited 1:10pm Apr 7, 2010 12:59pm | Edited 1:10pm
Short at 1.52647...... almost identical starting point to last night trade, gonna set TP closer 1.516 as lost out earlier today.

Enough for one day, time to get ready and spend some beer tokens and see if ManU can make some British representation in the semi's.
  • #214,059
  • Apr 7, 2010 1:03pm Apr 7, 2010 1:03pm
Quoting OldReigatian
What do you mean by an inside candles job?
AKA:: Inside Bars

Inside candle is where you are trading within a given range. the largest range would be the master candle with all other candles with in that range

For example: lets say something is trading

....... Low High
Day 1 100 200
Day 2 115 190
Day 3 125 175
Day 4 110 165
Day 5 130 180
Day 6 145 220

On Day 6, we finanlly broke the range of the 100 low and 200 high. thus all the days in between were inside candles since they fell between the range of that master candle.
  • #214,060
  • Apr 7, 2010 1:07pm Apr 7, 2010 1:07pm
the voodoo boodoo club from ppl to the ppl

learn care teach help

Dr. D u are doing great
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