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Cable Update (GBPUSD)

  • #217,021
  • Apr 13, 2010 7:31pm Apr 13, 2010 7:31pm
Quoting Magix
Preservation of gains, exercise caution around the 1440EMA on the hourly chart.

Has seemingly been a top resistance line.

you bro where has the line come from?

looks like it will coincide with the 60.80 fib
  • #217,022
  • Apr 13, 2010 7:36pm Apr 13, 2010 7:36pm
Quoting cableboy
you bro where has the line come from?

looks like it will coincide with the 60.80 fib
1440 EMA
Red dotted line.

Has been the top of cable and EU since Sunday.

Agree on the fib thing too, just looking at the longer term charts.

UTL close current to stay in trend.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #217,023
  • Apr 13, 2010 7:39pm Apr 13, 2010 7:39pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
That was quite a flurry of activity, I wonder if some heavy hitters were placing their positions for a run-up in the European session?

Any thoughts on this?
  • #217,024
  • Edited 8:14pm Apr 13, 2010 7:59pm | Edited 8:14pm
Quoting cableboy
caught the flight with cable and fibre. any body else????
wouldnt say caught. i was long EUR but in a really bad place. Long since 3401, but on the way down!
I have no enemy; I make Incautiousness my Enemy.
  • #217,025
  • Apr 13, 2010 8:49pm Apr 13, 2010 8:49pm
Quoting Magix
Preservation of gains, exercise caution around the 1440EMA on the hourly chart.

Has seemingly been a top resistance line.

yo it looks like a reversal could be forming on the 30min but it seems a bit premature as your line gives it a bit more room upward. i took a tight entry at 417 with my s/l just above the wick of the previous 30min candle
  • #217,026
  • Apr 13, 2010 8:52pm Apr 13, 2010 8:52pm
morning guys,

i guess i am stuck with my short @ 1.5370 (without SL) and i guess we will see 1.5320 when the down train takes on again.

suggestions pls...thx
  • #217,027
  • Apr 13, 2010 8:59pm Apr 13, 2010 8:59pm
Quoting xPrav
morning guys,

i guess i am stuck with my short @ 1.5370 (without SL) and i guess we will see 1.5320 when the down train takes on again.

suggestions pls...thx

tonight will come the US Retail Sales at NYT 20:30hrs. Should move the DXY somewhat depending on surprises. Reassess the situation then. If yesterday is anything to go by (remember these are fractals) then perhaps MKT will just knock about
I have no enemy; I make Incautiousness my Enemy.
  • #217,028
  • Apr 13, 2010 9:03pm Apr 13, 2010 9:03pm
Quoting cableboy
yo it looks like a reversal could be forming on the 30min but it seems a bit premature as your line gives it a bit more room upward. i took a tight entry at 417 with my s/l just above the wick of the previous 30min candle
I am not looking for anything other then rocky waters until we finally complete the retrace.

The M30 200EMA is the MUST line. WE must touch this before we can improve by any sort of leaps and bounds or continue on with something that might be mistaken as a trend.

Scalping the hell out of this until I see what I need to see.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #217,029
  • Apr 13, 2010 9:14pm Apr 13, 2010 9:14pm
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
  • #217,030
  • Apr 13, 2010 9:17pm Apr 13, 2010 9:17pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
where do i get the sma indicator for this setup?
  • #217,031
  • Apr 13, 2010 9:18pm Apr 13, 2010 9:18pm
Quoting xPrav
where do i get the sma indicator for this setup?
search on ebay
  • #217,032
  • Apr 13, 2010 9:21pm Apr 13, 2010 9:21pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
time frame ?
  • #217,033
  • Apr 13, 2010 9:22pm Apr 13, 2010 9:22pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
by the way, i have never tried it, just a way to keep someone busy for an hour trying to figure out whats happening.
  • #217,034
  • Apr 13, 2010 9:25pm Apr 13, 2010 9:25pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
can you save the template? i don't know how to setup this.

thanks.
  • #217,035
  • Apr 13, 2010 9:26pm Apr 13, 2010 9:26pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit

Hello;
are you talking about simple or smoothed?
Better safe than sorry
  • #217,036
  • Apr 13, 2010 9:27pm Apr 13, 2010 9:27pm
Quoting cesararr
can you save the template? i don't know how to setup this.

thanks.
here is your template

http://www.forexfactory.com/showpost...stcount=217049
  • #217,037
  • Apr 13, 2010 9:32pm Apr 13, 2010 9:32pm
Quoting forexlion
here is your template

http://www.forexfactory.com/showpost...stcount=217049

sorry sir, i don't know what you mean 59 lines on chart. sorry for my ignorance.
  • #217,038
  • Apr 13, 2010 9:35pm Apr 13, 2010 9:35pm
Pivots.

Inserted Video
  • #217,039
  • Apr 13, 2010 9:36pm Apr 13, 2010 9:36pm
Quoting cesararr
sorry sir, i don't know what you mean 59 lines on chart. sorry for my ignorance.
He's talking about drawing 59 sma : all between 2 and 60
Better safe than sorry
  • #217,040
  • Apr 13, 2010 9:36pm Apr 13, 2010 9:36pm
Quoting forexlion
here is your template

http://www.forexfactory.com/showpost...stcount=217049
kill or bbaker or magix can explain better
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