Cable Update (GBPUSD)

hey friend! why not try an auto trendline indicator. this may be a guide if you are doing it right

Evening Kill,

How were the cam's for you today, i must admit they were not clear for me, so i have been flat today. Its good to walk away sometimes and think, i dont need to trade.

For the last 3/4 days they have been very clear for a entry, moving up through the cams with a breakout then retest.

How did you feel about today?

Loking on my trend chart it did apply alot of pressure on that trendline on the hourly before the break. on a reversal it just touches and pulls back same hourly candle.

Hope your well, thanks for youe comments last night. giving the chart time i have over the last few years, some things are easier to spot these days.

warren

thanks everyone for the guidance......

need usa markets to stop making new highs for my gu sh 14710

dow +271

Step n1 is done.

Lets see if step no.2 will work out.

USDx is already playing it's MACD divergence it seems. Target @ 82.90.

Cable and fiber have their own targets.

Cable:1.5057
Fiber:1.3093

As posted yesterday:

http://www.forexfactory.com/showpost...stcount=230867

Cheers and safe trading.

JP.

Yes, this is a good check to see if the charts are correct... but
since there are different CLOSE times being entered into the
templates there will continue to be disparities and confusion.

The difference in H's and L's may be less of an issue unless they
happen to occurs at the different CLOSE times selected.

This will be the only time I'll bother to illustrate this from manual
calculations. (I might repost this in the future if the question
continues to arise.) As with any template used (I use ENSIGN charts)
these levels are displayed automatically and simply need to be
refreshed periodically / daily.

I used the calculator cloggie displayed:

Using IBFX's data and IBFX's charting which has an OPEN / CLOSE
at 00.00 GMT (NY 8 PM EST 06-09-10):

Calculating these values:

H 1.4607
L 1.4394
C 1.4547
O -------

Produces these CAM's:

H4 1.4664
H3 1.4606
H2 1.4586
H1 1.4567
(C/O 1.4547)
L1 1.4527
L2 1.4508
L3 1.4488
L4 1.4430

Using FXCM's data and ENSIGN's charting which has an OPEN / CLOSE
at 21:00 GMT (NY 5PM EST 06-09-10):

Calculating these values:

H 1.4607
L 1.4395
C 1.4525
O -------

Produces these CAM's:

H4 1.4664
H3 1.4606
H2 1.4566
H1 1.4546
(C/O 1.4527)
L1 1.4508
L2 1.4488
L3 1.4469
L4 1.4410

Notice there is a difference of ~20 pips on all levels because of
the difference of 22 pips between the CLOSES used.

I've stated this before, Digger along with trading partner (Geoff /
UK/NZ) have spent a great deal of time (thousands of hours
studying and utilizing camarillo pivot levels in their trading) and
observing the differences in market and cam level reactions based
on the various CLOSE times selected for their pivot calculations and
have chosen the NY close (5PM EST) as the optimal setting for their
cam based trading method. I'm sure they would say, study the
chart patterns and draw your own conclusions based on which CLOSE
time you choose to select.

Unless there is uniformity in the CLOSE times entered into the cam
templates, there will continue to be considerable disparities in the cam
levels. For that reason, in the future I'll mention which close I use
when I display cams and I hope other's will do the same. Someday
perhaps there may be a thread based on Digger's and Geoff's trading
method and only then will there be uniformity.

Good luck in your trading,

Dr. D.

hi all

sorry was really busy

digger and Dr. D

this a new weekly cam am i close and plz check the daily

here are 2 indis i wish if some body cand add to the weekly the GMT shiftsun and GMTshift then we could match diggers weekly cam's

Just closed (based on NY 5PM EST).

208 pips in this previous trading day with the range from L1
through H4 of which 189 pips were to the upside of the previous
CLOSE / OPEN (1.4527) and nearly made it to H5 (1.4737). Now
we have a new CLOSE/ OPEN set at 1.4713.... a new line in the
sand has been drawn for this next round of trading.

Perhaps more important than all the discussions on cam's as
target points and levels of s/r is the view of the starting point....
you can 'almost' erase all the previous daily levels and start
again at 00.000.*** (***keeping in mind the weekly / quarterly)

Watch and see how the process repeats itself again and again.
Another day will again bring another range that will generally
achieve up to (or above) the average daily range of 180 pips.
Which way will the trading go in this new round... from this start
point... the new line in the sand? UP, DOWN or BOTH? From this
starting point, expect the H and L to be stretched to ~180 pips.


H4 1.4827
H3 1.4770
H2 1.4751
H1 1.4732
C/O 1.4713
L1 1.4694
L2 1.4675
L3 1.4655
L4 1.4598

(don't ask me, ask digger1.)

Dr. D.

update

anyone selling?

im selling at 4706

nice... 712 here...sl @30

What's your TP target?

TP for me is 4665

closed out right as it started to spike up...

I almost close it too but It might be a fake.
My short still open.

once price settles below 24 sma I will reenter short....

might be fake spike just now.. you may reenter one now