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Cable Update (GBPUSD)

  • #220,281
  • Apr 21, 2010 4:32pm Apr 21, 2010 4:32pm
Quoting Smurf Trader
I will play around with them...Thanks for the advice.

Do you have a chart that shoes the correlation in the two?
here u go
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  • #220,282
  • Edited 4:48pm Apr 21, 2010 4:36pm | Edited 4:48pm
ahh yes... I see you've got a buy stop at 1.5448 or thereabouts... thinking it will advance nicely from that point?

Quoting Nene
The 4 Hr MACD is crossing zero line. I put a lot of faith in the 4 hr MACD especially after consolidating market. VSA guys ought to be able to help
out here.


Jim
"The real genius is knowing when to stop." - Marc Faber
  • #220,283
  • Apr 21, 2010 5:00pm Apr 21, 2010 5:00pm
Quoting Nene
The 4 Hr MACD is crossing zero line. I put a lot of faith in the 4 hr MACD especially after consolidating market. VSA guys ought to be able to help
out here.


Jim
Here's a VSA view.
Look at daily volume, this is real feed (ECN) not MarketMaker plateform.

You can see that yesterday volume was way more then any bars of last week.
Bar have close over 1/2, we can even say in the 2/3. So this is suggesting up move.

4h clearly show major volume on the bar the went from 1.5372 and 1.5425

But between me and you, this is only one edge, I prefer to wait for PA confirmation.
But this give a little hints I think.

Wish you the best.
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"Fly Kite Fly!"
  • #220,284
  • Apr 21, 2010 5:04pm Apr 21, 2010 5:04pm
Guys bad news.. I'm checking the cable pulse and it has gone flatline.. this is it.. someone help GBP lol
  • #220,285
  • Apr 21, 2010 5:04pm Apr 21, 2010 5:04pm
But I also got it coming off at 5495 area because I want it to fill. One note here and we will see what happens. I have seen this before: Price consolidation for a considerable amout of time. I can just hear the traders saying as this winds up tighter and tighter. We cant get by this level so we are coming back. To me this is a lure, like a buzz bait for a large mouth bass or something. Everyone thinks well, it has taken so long it has to fail and come back, then BANG, up we go. I will tell you one thing, Malcolm would have the answer to this situation.

Jim

Quoting hhitch
ahh yes... I see you've got a buy stop at 1.5448 or thereabouts... thinking it will advance nicely from that point?
  • #220,286
  • Apr 21, 2010 5:05pm Apr 21, 2010 5:05pm
Thanks, for the other side see post 220299

Quoting Zulu
Here's a VSA view.
Look at daily volume, this is real feed (ECN) not MarketMaker plateform.

You can see that yesterday volume was way more then any bars of last week.
Bar have close over 1/2, we can even say in the 2/3. So this is suggesting up move.

4h clearly show major volume on the bar the went from 1.5372 and 1.5425

But between me and you, this is only one edge, I prefer to wait for PA confirmation.
But this give a little hints I think.

Wish you the best.
  • #220,287
  • Apr 21, 2010 5:09pm Apr 21, 2010 5:09pm
My last 4 hr Candle was a Doji and that is a whole 22 pips long. Talk about ready to strike. Green spinners on the 1 hr and twin Doji's on the 30 Minute. We are dead in the water and something is going to happen soon.

Jim
  • #220,288
  • Apr 21, 2010 5:12pm Apr 21, 2010 5:12pm
Quoting Nene
Thanks, for the other side see post 220299
You are totaly right on this and that's why I don't jump on conclusion.

In this down trend we saw many move like this: Consolidation, move up then crash badly down.
So I think safety is the word now. Who cares about behing aside 1 day or 2, even a week before this clear up.

I personnaly scalp more then anything, so I don't care much about longer view.

Let's wait PA cause PA is KING!
"Fly Kite Fly!"
  • #220,289
  • Apr 21, 2010 5:20pm Apr 21, 2010 5:20pm
Quoting Nene
My last 4 hr Candle was a Doji and that is a whole 22 pips long. Talk about ready to strike. Green spinners on the 1 hr and twin Doji's on the 30 Minute. We are dead in the water and something is going to happen soon.

Jim
Possible triangle break out may occure soon. My prediction is down.
  • #220,290
  • Apr 21, 2010 5:22pm Apr 21, 2010 5:22pm
I know what you mean by winding up for a big move. not exactly sure what you mean by the rest of it like "fill". can you elaborate pleez?

Quoting Nene
But I also got it coming off at 5495 area because I want it to fill. One note here and we will see what happens. I have seen this before: Price consolidation for a considerable amout of time. I can just hear the traders saying as this winds up tighter and tighter. We cant get by this level so we are coming back. To me this is a lure, like a buzz bait for a large mouth bass or something. Everyone thinks well, it has taken so long it has to fail and come back, then BANG, up we go. I will tell you one thing, Malcolm would have the answer to...
"The real genius is knowing when to stop." - Marc Faber
  • #220,291
  • Apr 21, 2010 5:30pm Apr 21, 2010 5:30pm
some thing to play with i might be wrong
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  • #220,292
  • Apr 21, 2010 6:02pm Apr 21, 2010 6:02pm
If the price goes long, then I would not want my T/P to be above a resistance level like a Phsyc. level of 00

Quoting hhitch
I know what you mean by winding up for a big move. not exactly sure what you mean by the rest of it like "fill". can you elaborate pleez?
  • #220,293
  • Edited 6:27pm Apr 21, 2010 6:10pm | Edited 6:27pm
Good morning

Still bullish as price continues to attack the 5380 level. Our bolinger squeeze is increasingly pointing upwards. Time will tell if that is going to be the case. We've already added more buying positions as we're expecting large moves today & tomorrow. No profit was collected yesterday like the previous 3 days as price was consolidating as mentioned earlier
Hard stop is placed @5300

previous charts:
1. http://www.forexfactory.com/showpost...stcount=219921


Okay good luck! Time for breakfast .. fresh cup of coffee & cornbread! mmmmmmmmmmmmmm

kthanksbye
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Thank You
  • #220,294
  • Apr 21, 2010 6:18pm Apr 21, 2010 6:18pm
Brother Worm,

Sound's like a winner-
I'd be gettin some too (Cornbread) if i was (Nearer bye),
a Cracker-Barrel, or "Such".

-I settled for the "Dinner Salad" @Chic-Fil-A,
before headed to work w/Verizon tonight.

Best of 'Pipping' to you bud,
'Will get a couple hr's here @Buc's on one bar of "Wi-Fi/Cry" !
'Will hollA @ya,

Jeff !
I will work to Objectively Identify my Edges
  • #220,295
  • Apr 21, 2010 6:49pm Apr 21, 2010 6:49pm
15 min still in up trend but 4 hour really struggling.

I am looking for test 1.5450 and looking for any weakness off this level for sell into end of week.
Blogging daily now at www.volume.zone
  • #220,296
  • Apr 21, 2010 7:14pm Apr 21, 2010 7:14pm
Quoting kill56
magix


it did hold


love the voodoo boodoo

enjoy the ride
Out with the old, in with the new Killer!

I have been working together and a little extra on my own for a newer better version of the Voodoo Boodoo.

Our little trade group has mashed some ideas, and I have been diligently taking notes, always learning, always applying.

I need some finishing touches. I need the expertise off my fellow VB'ers, and will hopefully soon be able to publish the "New and Improved".

I know, your saying...how much will something like this cost and what will it be worth?

It will be brought to FF for the bargain price of 2 x what I charged for the MTF. So, save up your sheckles, 2 x Free can a bit of a commitment, but trust me, more then worth the price of admission, and truly when you see the new magic, Bricks Will Be Shat.

Of course, and as always, a lot of thanks goes out to the rest of the Voodoo's for their assistance, and though I hate to weigh in differently on any of our little group, a large part of this thanks goes out to Digger.

This guy is seriously one of the greatest traders I have gotten to know.



All in good time.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #220,297
  • Apr 21, 2010 7:19pm Apr 21, 2010 7:19pm
http://img217.imageshack.us/img217/446/attachmentgx.jpg
  • #220,298
  • Apr 21, 2010 7:23pm Apr 21, 2010 7:23pm
I'm definitely on board

Quoting Magix
Out with the old, in with the new Killer!

I have been working together and a little extra on my own for a newer better version of the Voodoo Boodoo.

Our little trade group has mashed some ideas, and I have been diligently taking notes, always learning, always applying.

I need some finishing touches. I need the expertise off my fellow VB'ers, and will hopefully soon be able to publish the "New and Improved".

I know, your saying...how much will something like this cost and what will it be worth?

It will be brought to FF for the bargain...
"The real genius is knowing when to stop." - Marc Faber
  • #220,299
  • Apr 21, 2010 8:06pm Apr 21, 2010 8:06pm
Anyone see flaws in this?
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  • #220,300
  • Apr 21, 2010 8:10pm Apr 21, 2010 8:10pm
Buy GBP. The triangle that is being observe on the M15 is not a wedge with a thrust downwards, its thrust is upwards and will go to 5600
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