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Cable Update (GBPUSD)

  • #218,321
  • Apr 15, 2010 10:09pm Apr 15, 2010 10:09pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting cerevante
MarkH, which indicator tells you buyers and seller numbers? is this available for download?
Cerevante, here you are....
Attached File(s)
File Type: mq4 Buyers and Sellers.mq4   1 KB | 325 downloads
File Type: ex4 Buyers and Sellers.ex4   3 KB | 278 downloads
  • #218,322
  • Apr 15, 2010 10:09pm Apr 15, 2010 10:09pm
long @ 5418
  • #218,323
  • Apr 15, 2010 10:25pm Apr 15, 2010 10:25pm
Quoting Artie
Thanks, Magix. Some very insightful info on transitioning between the shorter time frames with ma (S/R) . I think it will be very helpful going forward.

Would it be safe to say that you let PA tell you which line(s) hold or break, rather than you trying to predict it?
When we go up, buy, when we go down, sell...

History has a way of repeating itself. There is some patterns even in the chaos of markets.

This is not a time of day that I trade, but doesn't mean that I don't keep eyes on the charts. Check out the support lines.

1440 on 5m corresponding with the 200 on 30.
Attached Image (click to enlarge)
Click to Enlarge Name: history.jpg Size: 229 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #218,324
  • Apr 15, 2010 10:26pm Apr 15, 2010 10:26pm
Quoting MarkH
Cerevante, here you are....
Thanks, appreciate it.

it is probably reporting on the buyers/sellers associated with my broker, but better than nothing.
  • #218,325
  • Apr 15, 2010 10:29pm Apr 15, 2010 10:29pm
Quoting TerpFan2
Brother MagiX,

-What are you doing in here? ... giving some Training Eh? !

I'll bet you this... you'll probably wake w/London before "MwA"!
We outtA both be getting some "Rack" time right about now!
Have a Great Night, and seirously -Thanks for
All your InpuT to all! -(I, "MwA", ...Keep Looking for that 24 ma over the 200 at just about
Every Chart)!

Jeff !
Ya gotta keep eyes on them all Jeff, ya just never know where we gunna start and when we gunna stop.

Right now we have played a nice little drop from close of NY, playing with confirmation, playing without a trigger. These can be dangerous times, rocky waters and easily hand you your ass.

This is where patience can really be your best friend. Let the market dictate the path, and follow along with where it takes you.

We are only here for the ride.

Keep smiling J,

Always a pleasure to see you chiming in house.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #218,326
  • Apr 15, 2010 10:30pm Apr 15, 2010 10:30pm
Quoting MarkH
Cerevante, here you are....
It is an interesting indicator. However, it should be understood what's under the covers. It is not actually reporting the number of buyers and sellers. It is really an oscillator based on highs, lows and a 13ema, and is calculated much like the RSI or CCI.
The market is always right.
  • #218,327
  • Apr 15, 2010 10:44pm Apr 15, 2010 10:44pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Artie
It is an interesting indicator. However, it should be understood what's under the covers. It is not actually reporting the number of buyers and sellers. It is really an oscillator based on highs, lows and a 13ema, and is calculated much like the RSI or CCI.
Thanks for the clarification Artie. At least it gives an idea of Buyers VS. Sellers....
  • #218,328
  • Apr 15, 2010 11:14pm Apr 15, 2010 11:14pm
anyone thinks cable gonna take one more dip before going up ?

i am expecting 5404 as todays Low, which is the 1440 ema on m5

Magix - this is not coinciding with the 200 sma on m30, its 5418
  • #218,329
  • Apr 15, 2010 11:36pm Apr 15, 2010 11:36pm
Quoting Honored
anyone thinks cable gonna take one more dip before going up ?

i am expecting 5404 as todays Low, which is the 1440 ema on m5

Magix - this is not coinciding with the 200 sma on m30, its 5418
For support and triggers I go off closed candles.

The m30 support holds as candle never closed below.

Some of these can fail on the retrace on the 1m chart.

I have posted a chart showing the drop from lastnight. We closed the 5m 1440ema and held the 30m 200. We have played this level with confirmation but without trigger, so it could effectively play out like last night and just run for the mountains. Price on the m5 will be the immediate direction for London, which I am currently guessing as short, but will wait for the bell rather then assume. From here, will be watching the 1440 on the 1hr for support. As it played such a strong resistance, it could play for an equally tough support

Well wishes into the London bells.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #218,330
  • Apr 16, 2010 12:44am Apr 16, 2010 12:44am
Price just bounced off the 200 ema on m5 .... anyone short here ?
  • #218,331
  • Apr 16, 2010 12:50am Apr 16, 2010 12:50am
Good Morning FF

Today will be a good Friday to trade because there is no significant news. i see still an uptrend. And holding a Long atm.

Regards
  • #218,332
  • Apr 16, 2010 12:50am Apr 16, 2010 12:50am
Im short at 5432. Will be interesting to see if she bounces off 1440 sma line again....
  • #218,333
  • Apr 16, 2010 12:57am Apr 16, 2010 12:57am
Quoting joemiami
Im short at 5432. Will be interesting to see if she bounces off 1440 sma line again....
it never reached there today .... u talking abt yesterday ?
today its at 1.5404
  • #218,334
  • Apr 16, 2010 12:59am Apr 16, 2010 12:59am
Quoting cloggie
Another pretty solid bounce of 55 again. The bears may win this little battle here, does not mean they are winning the war though. Short 5496, let's see

Edit: stops in place, am done for today. SL 553, TP 543
Closed, target reached.
  • #218,335
  • Apr 16, 2010 1:00am Apr 16, 2010 1:00am
Quoting cloggie
Closed, target reached.
Good stuff. Cloggie where wud u go long from today ?

well. i just went long here at 5406
also the 1440 ema on 5m. hoping to bounce from here
  • #218,336
  • Apr 16, 2010 1:04am Apr 16, 2010 1:04am
Quoting Honored
Good stuff. Cloggie where wud u go long from today ?
That was my short from last night that hit TP, just getting my head around today's action.
  • #218,337
  • Apr 16, 2010 1:04am Apr 16, 2010 1:04am
Honored, she bounced off the 1440 sma 3 hrs ago (TODAY) Just closed my short scalp for 35 pips.. Now waiting for long signal.......
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min gbpusd trade setup 1.gif Size: 21 KB
  • #218,338
  • Apr 16, 2010 1:09am Apr 16, 2010 1:09am
Quoting joemiami
Honored, she bounced off the 1440 sma 3 hrs ago (TODAY) Just closed my short scalp for 35 pips.. Now waiting for long signal.......
oh i see. i been looking at the 1440 ema acutally. and so far it is holding it now

also last 3 days we have had high LOW's , 350,375,385 so i am long here from 404 today
  • #218,339
  • Apr 16, 2010 1:11am Apr 16, 2010 1:11am
Just noticed others are using 1440 ema, not sma, maybe I'll try the ema too and see how it goes....
  • #218,340
  • Apr 16, 2010 1:15am Apr 16, 2010 1:15am
well, this looks alot like the chart jefftrader posted yesterday? with his elliott waves...
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