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Cable Update (GBPUSD)

  • #227,841
  • May 20, 2010 10:13am May 20, 2010 10:13am
Quoting bbakker
L4 1st, L5 now? I will wait for confirmation. Closed my long when we hit L4

voodoo boodoo
  • #227,842
  • May 20, 2010 10:15am May 20, 2010 10:15am
Quoting manize
M5/200 bro ?

do u have camarill on u chart bro
  • #227,843
  • May 20, 2010 10:18am May 20, 2010 10:18am
Quoting kill56
do u have camarill on u chart bro
What is that ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,844
  • May 20, 2010 10:21am May 20, 2010 10:21am
Quoting manize
What is that ?

here u go bro enjoy
Attached File(s)
File Type: mq4 camarilladt7v1.mq4   55 KB | 193 downloads
  • #227,845
  • May 20, 2010 10:32am May 20, 2010 10:32am
Quoting USD-Bear
Well 3B of call options in thin air, GU at a quadripple bottom on H1, lets see, I'm in.....
+100 pips SL 1.4250 and trailing now.....
Don't be a hero. Don't have an ego. Always question yourself
  • #227,846
  • May 20, 2010 10:37am May 20, 2010 10:37am
Quoting kill56
here u go bro enjoy
Thank you, btw she goes bullish now !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,847
  • May 20, 2010 10:37am May 20, 2010 10:37am
Quoting USD-Bear
+100 pips SL 1.4250 and trailing now.....
excellent trading mate. Saw you called for the drop to 4250 earlier & said you'd reversed & bought it there. Great stuff, much respect
Thank You
  • #227,848
  • May 20, 2010 10:43am May 20, 2010 10:43am
Quoting wormboy
excellent trading mate. Saw you called for the drop to 4250 earlier & said you'd reversed & bought it there. Great stuff, much respect
Thanks dude, must confess there was lots of luck in play....
Don't be a hero. Don't have an ego. Always question yourself
  • #227,849
  • May 20, 2010 10:49am May 20, 2010 10:49am
Quoting USD-Bear
Thanks dude, must confess there was lots of luck in play....

No luck. I bought there as well. Came off yesterday's low. obvious pressure on the ticker. Well done! Be sure to book some, we closing on dp

Picking bottoms is fine, make sure you wear high quality gloves.
Thank You
  • #227,850
  • May 20, 2010 10:52am May 20, 2010 10:52am
Quoting wormboy

Picking bottoms is fine, make sure you wear high quality gloves.

because if you don't wear high quality gloves, you'll end up like this fella ....

Inserted Video


Cheers DT! That made my day!
Thank You
  • #227,851
  • Edited 11:16am May 20, 2010 11:05am | Edited 11:16am
Quoting manize
M5/200 bro ?

I love emas...but more in the context of compression charts... for their unique collective patterns as
timing indicators as the ema's gather, compress tightly together and then release often with explosive
consequences. I use the ema's in this fashion in addition to their function as everchanging price points.

Much like the daily pivots and S/R... what I love about digger's method, the NY open becomes an even
more significant starting point... a 'line in the sand' from which (and to which) the price will move. Similarly,
the cam levels then become fixed S/R and apply for the full trading day AND likely are a relatively obscure
and undisclosed powerful tool lost in the mix and myriad of indicators by 'we', the retail traders but apparently
respected and used by 'they', the big boys.

Beyond the cams, Digger [a latter-day EFHutton] says: 'it's all about buying and selling, not lines on a chart'...
and about respecting which is in control at the moment.

If the buying (or selling) is strong enough it will push thru a cam or a MA, tl or any other indicator with little
regard at that moment to it's position or meaning. It may then revisit these and again their significance returns.
Now as we see on the 5m chart, the L4 has lost it's resistive capacities. And for the moment, so also the 200...
becoming now a support level to be tested.

Dr. D.
vOOdOObOOdOOdOc
  • #227,852
  • May 20, 2010 11:07am May 20, 2010 11:07am
Just looking at my chart. Could anybody tell me what news came out which made GJ drop 300 pips in less than 15 mins?

Thanks
  • #227,853
  • May 20, 2010 11:10am May 20, 2010 11:10am
Right, here's the dp & descending utl retest as posted earlier.
Failure here will likely send cable tumbling again. But with the double bottom forming out of yesterday's low bounce, it does look bullish atm.
Will maintain long unless the level fails.

Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu5a.gif Size: 25 KB
Click to Enlarge Name: gu5.gif Size: 27 KB
Thank You
  • #227,854
  • Edited 11:12am May 20, 2010 11:11am | Edited 11:12am
Quoting kill56
do u have camarill on u chart bro
Where can I find camarill? Google?

Oops.. saw your post above... U can ignore this... thanks.
Smile Chankl78
  • #227,855
  • Edited 11:51am May 20, 2010 11:37am | Edited 11:51am
Quoting fourxtrader
I love emas...but more in the context of compression charts... for their unique collective patterns as
timing indicators as the ema's gather, compress tightly together and then release often with explosive
consequences. I use the ema's in this [color=blue][i]fashion...
Dr. D u know about cam's more than somebody i know i need to go through u and digg posts and put in a file

keep it coming Doc thanks
  • #227,856
  • May 20, 2010 11:48am May 20, 2010 11:48am
Hi!

Nice to see some bull power. On Eur-Usd it would be nice if form head and shoulders and on gbp-usd 1.4240 (or turn on 1.300?) turning point.
  • #227,857
  • May 20, 2010 11:48am May 20, 2010 11:48am
the 200 is holden till now on m5 we are below L4 lets see what next ist L5 i might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: 5m cable n.gif Size: 19 KB
  • #227,858
  • May 20, 2010 11:48am May 20, 2010 11:48am
Quoting chankl78
Where can I find camarill? Google?

Oops.. saw your post above... U can ignore this... thanks.

Not much out there as you search. What is given seems to ignore
some of these things we see with the GU. Price movement to and
from these cam levels is a given... what digger and geoff have
observed with thousands of hours of chart time is this ... almost without
fail, and like clockwork, price will makes its way to and thru the 3 level
(L3 or H3) and most often at some point in the trading day (NY open /
5pm EST) it will visit the 4 level. Why?... because the average daily
trading range spans up to 200 pips which must incompass the 3 and 4
cam levels on either or both ends of the open.

Now if that isn't a near guaranteed trade to hang your hat on I
don't know what else is. In getting there, and gaining the trust that
it will, the PA may travel in a most convoluted, tortuous and even
painful fashion through the twists and turns which typifies only the GU.

I have not yet gained the skill or confidence to trade much between
the L2 and H2 levels as I call them the 'buffer zone'. I'm better off waiting
for the committed moves beyond the L2 and H2 ranges.

What is written about the 'camarilla pivots' seems to mislead one into
trading reverses at the L3's and H3's and breakouts beyond the L4's
and H4's while ignoring the value of trading away from the NY open and
seeking the 'guaranteed' moves between level's 3 and 4. Expect reverses
at all levels.

That's just my take on it. Better yet, ask digger.

Dr. D.
vOOdOObOOdOOdOc
  • #227,859
  • May 20, 2010 11:50am May 20, 2010 11:50am
Quoting kill56
Dr. D u know about cam's more than somebody i know i need to go through u and digg posts and put in a file
Inserted Code
http://tradinglib.com/indicators/camarilla-equation

I saw this in google. Think inside got 1 more version v7.11
Smile Chankl78
  • #227,860
  • May 20, 2010 11:54am May 20, 2010 11:54am
Quoting chankl78
Inserted Code
http://tradinglib.com/indicators/camarilla-equation
I saw this in google. Think inside got 1 more version v7.11

bro i have them all the best is what i gave u 7.1 i have if u want .8

and read Dr. D posts about cam's last page
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