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Cable Update (GBPUSD)

  • #215,521
  • Apr 9, 2010 5:15pm Apr 9, 2010 5:15pm
Quoting Baby-Trader
What if that red line still in play !!!
That line is reserved for Italy, Spain and Portugal
  • #215,522
  • Apr 9, 2010 5:19pm Apr 9, 2010 5:19pm
Quoting BadTradingFi
May be rubbish, may be useful, I've not properly examined it yet, but it does look promising!

http://chart.ly/k9ce5v
If you look at the price levels, we are already close to the 0.382 fib of 15427, so this is a confirmation of the uptrend that we are now in. My sentiment has changed to bullish until the elections.
  • #215,523
  • Apr 9, 2010 5:26pm Apr 9, 2010 5:26pm
Quoting bbakker
That line is reserved for Italy, Spain and Portugal
True
  • #215,524
  • Apr 9, 2010 5:33pm Apr 9, 2010 5:33pm
enjoy


http://forex-indicators.net/mt4-indi...eal-woodie-cci
  • #215,525
  • Apr 9, 2010 5:46pm Apr 9, 2010 5:46pm
Quoting Baby-Trader
What if that red line still in play !!!

its not .... tl mean not to much really (sorry to those that use them but point of control ...max volume levels ....are NOT done on trendlines , they are done on horizontal s/r lines. )

s/r mean way more .... price points

EURO has dipped under 1.3500 tweice now on weekly. There has been massive volumes in futures. DX is toppy on daily.

I am long euro next week into 1.3800 , then take it form there
Blogging daily now at www.volume.zone
  • #215,526
  • Apr 9, 2010 6:15pm Apr 9, 2010 6:15pm
Quoting malcolmb14
its not .... tl mean not to much really (sorry to those that use them but point of control ...max volume levels ....are NOT done on trendlines , they are done on horizontal s/r lines. )

s/r mean way more .... price points

EURO has dipped under 1.3500 tweice now on weekly. There has been massive volumes in futures. DX is toppy on daily.

I am long euro next week into 1.3800 , then take it form there
Noted and filed.
  • #215,527
  • Apr 9, 2010 6:17pm Apr 9, 2010 6:17pm
Quoting kill56
enjoy


http://forex-indicators.net/mt4-indi...eal-woodie-cci
Another gem from the hitman
  • #215,528
  • Apr 9, 2010 6:41pm Apr 9, 2010 6:41pm
Quoting kill56
enjoy
http://forex-indicators.net/mt4-indi...eal-woodie-cci
Quoting bbakker
Another gem from the hitman
That's a lot of reading in those two PDF files, but looks interesting. A few questions though -

1. Is this your main indicator or do you also use others?

2. Which timeframe is this best used at or does that not matter as it depends what type of trader you are?

3. That's a lot of reading and learning to understand this indicator, so is it worth investing my time (i.e. do you swear by it )

4. As I understand it uses the Woodie S/R system. How does it pick up these S/R lines and why are these lines not on the actual chart?

5. There are millions of indicators out there such as FXSmooth
http://www.fxsmooth.com/?aff=ad. Are they just a load of BS with pure marketing spiel?

6. What differentiates this indicator from the others out there?

You don't have to answer immediately... you have the whole weekend in front of you

Have a good one bro. Knowing me I will no doubt pop by in the morning
  • #215,529
  • Apr 10, 2010 12:48am Apr 10, 2010 12:48am
Quoting pawpaw1000
thats the Idea, I want to leave a short open and hopefully cash in on 50 - 60 pips sunday evening... I can then trade like you mean on the evening
Paw Paw,

The idea behind the gap is not to open the short and catch 50 - 60 pips. What if it gaps the other direction? Now you have to move 120 pips to make 60.

Better idea:

Open a hedge once it gaps, find the turnaround spot and close the position that has the proft. Now ride it back the other way.. You could even put in an extra trade at that point too. (Takes some experience to do this very effectively). Now your 60 pips would turn into 90+ if the gap covers. (Which it usually does to a decent extent.

C.
  • #215,530
  • Edited 3:11am Apr 10, 2010 3:00am | Edited 3:11am
well i for one are holding into the weekend..plain as day whats happenning

good to see u around q..beer money..lol
Attached Image (click to enlarge)
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  • #215,531
  • Edited 4:24am Apr 10, 2010 4:14am | Edited 4:24am
Quoting egkid
Where are we now?
Daily Chart G/U (We have been bouncing for 1 month now between 2 Red dots line 1.48 - 1.53 )
Not confirmation yet but looks to me we going to 1.56 then after that to 1.43xx
PS: Yearly pvt 1.57 Red line , Pink line Yearly S1
I could be wrong but this what i see and remember everyone trade depends on His TF and MM
Hope the chart is clear and wish U all +++Green
Fundamental says
Government debt in the United Kingdom he reaches 11.4% (Bad situation Not so far from Greek)

Technically "This How I read my chart
Daily and weekly close above 1.53 and will going to 1.56 - 1.57 But we still in consolidation on daily Either breakout can happen up or down

Smaller TF 4H
Still Suggest More up move since forexlion mention this level 1.5170
Strong Buy From Monthly PVT 1.5130

For me I prefer to wait to see how PA react @ 1.56 and will Review the situation
Attached Image (click to enlarge)
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  • #215,532
  • Apr 10, 2010 4:49am Apr 10, 2010 4:49am
Quoting kill56
enjoy
http://forex-indicators.net/mt4-indi...eal-woodie-cci
The PDF documentation has different colours to the real-woodie-cci indicator you can download from the above link and with a black background for your charts (which most people seem to have) the CCI 14 period line, shown as black, does not even show up. So I have taken the liberty of changing the colours to match the PDF documentation also found in the above link apart from the one exception where the CCI 14 period line is WHITE and not BLACK, due to the black background.

I warn you, it is heavy reading and will require serious study of BOTH PDF documentation. This is NOT a simple indicator, but I think once mastered, which will probably take several weeks if not months, it will give you a good indication when to enter and exit trades.

It is one of MANY indicators available and I would appeciate it if anyone who uses this real-woodie-cci indicator in earnest, what their thoughts on it are and if it is worth pursuing it.

Thanks!
Attached File(s)
File Type: mq4 Real_Woodie_CCI_Colours_Match_PDF.mq4   8 KB | 360 downloads
  • #215,533
  • Edited 6:00am Apr 10, 2010 5:12am | Edited 6:00am
Quoting egkid
Fundamental says
Government debt in the United Kingdom he reaches 11.4% (Bad situation Not so far from Greek)

Technically "This How I read my chart
Daily and weekly close above 1.53 and will going to 1.56 - 1.57 But we still in consolidation on daily Either breakout can happen up or down

Smaller TF 4H
Still Suggest More up move since forexlion mention this level 1.5170
Strong Buy From Monthly PVT 1.5130

For me I prefer to wait to see how PA react @ 1.56 and will Review the situation
Nice analysis

UK Government debt this year is actually forecast to be less than predicted, but still the current Government are in no real rush to reduce that 11.4% per annum which they won't even start before 2011.

I agree that short-term, maybe even in the next 30 days we might see 1.56, especially if improving economic news comes out of the UK.

Manufacturing Production m/m (+1.3%) and Halifax HPI m/m (+1.1%) figures were release this week, but I am a little worried about the continuous increase in the house prices here in the UK.

Prices are still over inflated and when comparing average house price to average wage (http://blogs.thisismoney.co.uk/2010/...age-wages.html) it is a bubble that doesn't want to deflate. Only when interest rates go up will that deflation take place. BoE would like to see a slow deflation, but it could still burst and that might bring us the dreaded double-dip!
  • #215,534
  • Edited 5:58am Apr 10, 2010 5:26am | Edited 5:58am
Quoting plan-b
Juvenile post adding zero value to trading.

Ever heard the one about fighting on the internet?


Here is an example of a value adding tip-

buy dips next week
Tip, yes, value added, mmmmmm. If you had technical analysis and charts showing why you should be buying on dips, then I would see that as value added.

Saying that, I am looking north in the short-term.
  • #215,535
  • Apr 10, 2010 5:30am Apr 10, 2010 5:30am
http://www.forexfactory.com/showpost...postcount=5885
Its all in the mind.
  • #215,536
  • Apr 10, 2010 5:38am Apr 10, 2010 5:38am
Quoting bbakker
Tip, yes, value added, mmmmmm. If you had technical analysis and charts showing why you should be buying on dips, then I would see that it as value added.

Saying that, I am looking north in the short-term.
I'm looking north in the short term, medium maybe a bit of ranging in the 1.50's and long term bullish. The weakness of the USD will become more evident over the coming years, especially when countries pull away from it and start trading in a different currency, as did Iraq in the year 200 who stopped trading oil in US dollars but started trading in the Euro.

Beyond risk aversion, the GBP is weak, but in my opinion the USD is set to become the weaker of the two evils.
Probability Professor
  • #215,537
  • Apr 10, 2010 5:45am Apr 10, 2010 5:45am
Quoting Galation
I'm looking north in the short term, medium maybe a bit of ranging in the 1.50's and long term bullish. The weakness of the USD will become more evident over the coming years, especially when countries pull away from it and start trading in a different currency, as did Iraq in the year 200 who stopped trading oil in US dollars but started trading in the Euro.

Beyond risk aversion, the GBP is weak, but in my opinion the USD is set to become the weaker of the two evils.

i agree 100% ..long term im bullish on cable..usd has simply retraced..cant really call it a trend change as the drop was so steep

its good to see u around
  • #215,538
  • Apr 10, 2010 6:15am Apr 10, 2010 6:15am
Quoting nAVIN2007
i agree 100% ..long term im bullish on cable..usd has simply retraced..cant really call it a trend change as the drop was so steep

its good to see u around
It's good to see you too. I haven't really been on here much recently, but nothing has changed in my trading; I'm still as active as always.

How is your trading going?
Probability Professor
  • #215,539
  • Apr 10, 2010 6:54am Apr 10, 2010 6:54am
What are you guys doing here on a saterday???

anyways, got a quick question...

Just for interest sake, what % do the more experienced traders get per year / month??? I'm wondering as I sit here bored waiting to go to my match. Surely 5% per month is attainable by the experts?

I've heard of guys aiming for 15% but averaging 10% pm...

Just curious, if ya dont wanna answer, np
@pawpaw1000 on Twitter
  • #215,540
  • Apr 10, 2010 7:00am Apr 10, 2010 7:00am
Quoting bbakker
That's a lot of reading in those two PDF files, but looks interesting. A few questions though -

1. Is this your main indicator or do you also use others?

2. Which timeframe is this best used at or does that not matter as it depends what type of trader you are?

3. That's a lot of reading and learning to understand this indicator, so is it worth investing my time (i.e. do you swear by it )

4. As I understand it uses the Woodie S/R system. How does it pick up these S/R lines and why are these lines not on the actual chart?

5. There are...
hey bro

i dont use woodi now the site have a lot of indis and its explain how it workes i do have a system i think u will like i will post later
i do test all new indi on a demo first
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