wow that is a sexy looking chart
Posted on the MTF thread complete with indicators and a little explanation....
Chart and explanation HERE.
Download available HERE.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Cable Update (GBPUSD)
- #236,561
- Jul 8, 2010 10:09am Jul 8, 2010 10:09am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
- #236,563
- Jul 8, 2010 10:11am Jul 8, 2010 10:11am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Nice and simple ,none of this extreme analysing.
Hey, I'm not a smart guy, I know what all them indies mean, but cripes, it can sure lead to a lot of confusion and guessing for a fella like me...
Keeping it simple all the way.
You know me pepper!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
The more things I seem to add to my charts, the less I seem to be able to see true direction....
Hey, I'm not a smart guy, I know what all them indies mean, but cripes, it can sure lead to a lot of confusion and guessing for a fella like me...
Keeping it simple all the way.
You know me pepper!
#3 = Trendlines
#2 = Price
#1 = GOLDMAN SACHS
- #236,566
- Jul 8, 2010 10:21am Jul 8, 2010 10:21am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #236,567
- Jul 8, 2010 10:23am Jul 8, 2010 10:23am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Hi
How far do u think? have any target in your mind?
Consolidation in this zone has been fun, but it is time to move on. Something has to give.
AMS was correct, I had my 200EMA applied to low, which shows as current resistance on the chart. 200EMA applied to close is the yellow line above, showing the depth of the channel and a still possible upside targeted area. From there, looking at the rest, depending on how you wanna see or how fast this plays out in the lower volume weeks ahead, targeted range based on fibo lines below, showing the 00EMA on the no lag as the 50% line.
Confirmation for me will be a loss of the 4hr 200...but we are 250-300 pips away from there...giver take....a lot can happen between now and then...
There is little doubt in my mind that we are preparing for another attack at bottom support, but will play direction as the charts present.
Daily levels and H4 charts.
Support ranges on daily, targeted support on a loss of support on H4.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #236,568
- Jul 8, 2010 10:28am Jul 8, 2010 10:28am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
This thing is now going up to make its final SWAN SONG! 1.55 1.54 Then you can sell the daylights out of it be Patiant if you short now I will pray for you!
Just watching How PA React In some point
- #236,569
- Jul 8, 2010 10:31am Jul 8, 2010 10:31am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
wise man thanks
Support and resistance ranges..lower tfs 200emas seem to be lined up...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #236,570
- Jul 8, 2010 10:37am Jul 8, 2010 10:37am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
4xStar
u know sweet lady why i love this room
we have great ppl learning teaching sharing helping caring its the best in FF
*******************
I'd rather make money than be right.
- #236,571
- Jul 8, 2010 10:37am Jul 8, 2010 10:37am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
A better idea will be seen on the H4 charts I believe, but there is still one more thrust up before the collapse IMO...Hey, we could just start falling here, maybe we are not even done..but I really don't see a lot of strength in the bulls left.
Consolidation in this zone has been fun, but it is time to move on....
Nope , I'm Flat
Just watching How PA React In some point
- #236,574
- Jul 8, 2010 10:48am Jul 8, 2010 10:48am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
The daily in smaller pieces...
Support and resistance ranges..lower tfs 200emas seem to be lined up...
wise man the ema200 is the center of my trade in any TF's , lower TF's for trade higher TF's for conformation, other ma's does help too ,
i do use other indi's like cam's S/R and also the tcci do help for sclaping and we do learn and test a new things we come across ,
as u know i dont give a dam where the market gos still hit and run is the best way to make some cans of milk
thanks bro
- #236,575
- Jul 8, 2010 10:50am Jul 8, 2010 10:50am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
This thing is now going up to make its final SWAN SONG! 1.55 1.54 Then you can sell the daylights out of it be Patiant if you short now I will pray for you!
- #236,576
- Jul 8, 2010 10:50am Jul 8, 2010 10:50am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Very good chart , Nothing better than chart talks
keefak ya a7la bash where u been hiding
- #236,577
- Jul 8, 2010 10:56am Jul 8, 2010 10:56am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
wise man the ema200 is the center of my trade in any TF's , lower TF's for trade higher TF's for conformation, other ma's does help too ,
i do use other indi's like cam's S/R and also the tcci do help for sclaping and we do learn and test a new things we come across ,
as u know i dont give a dam where the market gos still hit and run is the best way to make some cans of milk
thanks bro
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #236,579
- Jul 8, 2010 11:02am Jul 8, 2010 11:02am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
