this LTL needs to be tested before falling. and this will be a very strong confirmation to continue the way to 1.35.
But we can also continue falling from here.
btw time will tell.
Cable Update (GBPUSD)
- #230,261
- Jun 7, 2010 10:26am Jun 7, 2010 10:26am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
- #230,265
- Jun 7, 2010 11:15am Jun 7, 2010 11:15am
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
Don't compare your Trades with Others
- #230,266
- Jun 7, 2010 11:23am Jun 7, 2010 11:23am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Did this LTL tested ??
How r u bro?
which TL, Am i missed your chart?
- #230,267
- Jun 7, 2010 11:24am Jun 7, 2010 11:24am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Hi bro sorry i was out
went to my country and there was internet problem so i said good bye to forex for some days and now i am back
how are you hope u will be fine.
thanks for asking and remembering me
Take Care..
- #230,268
- Jun 7, 2010 12:06pm Jun 7, 2010 12:06pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #230,269
- Jun 7, 2010 12:30pm Jun 7, 2010 12:30pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
I am short 1.4533 TP 1.4000 SL 1.4800
see you friday
Nice call, I'll be looking to sell on a rally at the trendline ceiling towards the 1.3550 area; otherwise an upward trendline break will change my position to buy mode in the short term. More bad news coming from Europe means more sell
From the tips to the dips, it's all about the pips
- #230,272
- Jun 7, 2010 12:41pm Jun 7, 2010 12:41pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
have a look
he S&P500 as represented by the S&P 500 SPDRS (NYSE:SPY) ETF declined well over 3% on Friday to close out the week near its lows. SPY had been battling to reclaim its 200-day moving average all week, alternately closing above and below it, until falling apart on Friday. Despite the weak close, there remains strong support below and traders should keep an eye on the May lows moving forward. There have been several strong reactions near the $105 level on SPY, and this would be the level that if broken could really accelerate the decline.
http://i.investopedia.com/chartadvis...y-06042010.png The Diamonds Trust, Series 1 (NYSE:DIA) ETF which tracks the Dow Jones Industrial Average reacted similarly to SPY as it struggled to reclaim its 200-day moving average. Much like SPY, DIA has a strong level of support underneath, and traders should monitor the $98 level. A break below this area would likely trigger many stop loss orders and possibly lead to a flush out. While volume had been trending down through the week, the decline on Friday occurred on an increase in volume which could be construed as a negative for the markets, as it shows some urgency on the part of sellers.
http://i.investopedia.com/chartadvis...a-06042010.png
he S&P500 as represented by the S&P 500 SPDRS (NYSE:SPY) ETF declined well over 3% on Friday to close out the week near its lows. SPY had been battling to reclaim its 200-day moving average all week, alternately closing above and below it, until falling apart on Friday. Despite the weak close, there remains strong support below and traders should keep an eye on the May lows moving forward. There have been several strong reactions near the $105 level on SPY, and this would be the level that if broken could really accelerate the decline.
http://i.investopedia.com/chartadvis...y-06042010.png The Diamonds Trust, Series 1 (NYSE:DIA) ETF which tracks the Dow Jones Industrial Average reacted similarly to SPY as it struggled to reclaim its 200-day moving average. Much like SPY, DIA has a strong level of support underneath, and traders should monitor the $98 level. A break below this area would likely trigger many stop loss orders and possibly lead to a flush out. While volume had been trending down through the week, the decline on Friday occurred on an increase in volume which could be construed as a negative for the markets, as it shows some urgency on the part of sellers.
http://i.investopedia.com/chartadvis...a-06042010.png
- #230,273
- Jun 7, 2010 1:05pm Jun 7, 2010 1:05pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
update m15
- #230,274
- Jun 7, 2010 1:12pm Jun 7, 2010 1:12pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
darnnnnnnnnnnnnnn
and body alive in the grave yard
and body alive in the grave yard
darnnnnnnnnnnnnnn
and body alive in the grave yard
Looks like the pa is bouncing off the H3 short. I'm sitting on my hands for now as far as cable trading.Patience.I've been scalping fibre for 1 or 2-pip moves with my oanda account.I also just had a good 12 pip trade on the aud/usd.
How you been kill?
- #230,276
- Jun 7, 2010 1:37pm Jun 7, 2010 1:37pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #230,277
- Jun 7, 2010 1:58pm Jun 7, 2010 1:58pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
darnnnnnnnnnnnnnn
and body alive in the grave yard
the midwest... Digger that is.
As for the rest of us.... we're probably trying to figure out why I have a
daily H4 at 1.4598 and another has it at 1.4475. Perhaps the grave Digger1
will appear and unearth the correction and direction or explain why there is
a lack of correlation. That's my wish.
I have yet to see a day go by where there is clear correlation between cams
from the various posters and charts here. It's easy to understand why there
is so much subjectivity in charting when drawing trend lines and fibo lines...
but with the cams, something that should be exacting based on mathematical
computations is developing into a monster here in this forum. The graveyard
is an appropriate place for zombies camoids... cams that really aren't cam.
Last week Digger correct me on my charting where I did not refresh my charts
or use the correct large enough time frame template which included enough
data bars to produce accurate quarterly cams. You can't use a 15m chart which
has only so many data bars across the screen and derive adequate amounts of
data from such a limited source and present larger cam levels such as weekly
or monthly or quarterly UNLESS YOUR CHART PROPERTIES ALLOWS YOU TO INCREASE
AND SAVE LARGER NUMBERS OF DATA BARS IN FILE. I've been using 5sec - 90sec
charts but I must modify the chart properties to capture larger amounts of data
bars - 49000/ 50000. My 15m chart uses 24950/ 25000.
I don't know, but I suspect this could be one of the problems here where a simple
template used for all time frames that gives the formulation of cams may not be
refreshed often enough or not be configured with adequate amounts of data bars.
Here's another example:
My weekly H1, H2, H3, H4 are @ 1.4506, 1.4538, 1.4571, 1.4669
My daily H1, H2, H3, H4 are @ 1.4493, 1.4514, 1.4535, 1.4598
You watch... now Digger will appear.
Dr. D.
- #230,278
- Jun 7, 2010 2:05pm Jun 7, 2010 2:05pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #230,279
- Edited 2:30pm Jun 7, 2010 2:18pm | Edited 2:30pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
He's alive and well and burying his forex stash in a grave(s) somewhere in
the midwest... Digger that is.
As for the rest of us.... we're probably trying to figure out why I have a
daily H4 at 1.4598 and another has it at 1.4475. Perhaps the grave Digger1
will appear and unearth the correction and direction or explain why there is
a lack of correlation. That's my wish.
[i][color=#0000ff]I...
sure he will
i am still looking for indi for weekly cam for mt4 mine is about 30pips of
but the daily we are close
i am testing some of the cam indis and i will post results
its not about the signal u get its settings , broker time is important
every day i do learn new things
- #230,280
- Jun 7, 2010 2:36pm Jun 7, 2010 2:36pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
sure he will
i am still looking for indi for weekly cam for mt4 mine is about 30pips of
bit the daily we are close
i am testing some of the cam indis and i will post results
its not about the signal u get its settings , broker time is important
every day i do learn new things
Good luck in your search. You are relentless.
I'm too lazy and don't know enough about creating
my own. I just use what Digger and Geoff uses.
How's that for cam correlation.
Dr. D.