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Cable Update (GBPUSD)

  • #237,421
  • Jul 13, 2010 1:26am Jul 13, 2010 1:26am
Quoting damonl
Nice Job!
Thx master ..
this time...my wish is true...
maybe other time...my hope false too ...

  • #237,422
  • Jul 13, 2010 1:29am Jul 13, 2010 1:29am
No pink dotted lines crossing yellow thick lines with a myriad of EMAs (with one that might fit the moment).

Just supply and demand, which drives the price of currencies, houses and staff, etc.

When supply exceeds demand at a price level, prices will decline and vice-versa.

Focus on True Supply and Demand

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1 hr 13 July .jpg Size: 163 KB
  • #237,423
  • Jul 13, 2010 1:31am Jul 13, 2010 1:31am
Quoting priceaction
No pink dotted lines crossing yellow thick lines with a myriad of EMAs.

Just supply and demand, which drives the price of currencies, houses and staff.

When supply exceeds demand at a price level, prices will decline and vice-versa.

Focus on True Supply and Demand

Rob
lol....I can't even see the candlesticks behind all that spaghetti on some of these charts.

Where are you getting your supply/demand info from or are you assuming that is what's happening by looking at the chart?
  • #237,424
  • Jul 13, 2010 1:39am Jul 13, 2010 1:39am
Quoting priceaction
No pink dotted lines crossing yellow thick lines with a myriad of EMAs (with one that might fit the moment).

Just supply and demand, which drives the price of currencies, houses and staff, etc.

When supply exceeds demand at a price level, prices will decline and vice-versa.

Focus on True Supply and Demand

Rob
Which means we are just now entering a demand zone.. correct?
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,425
  • Jul 13, 2010 1:40am Jul 13, 2010 1:40am
Quoting damonl
Which means we are just now entering a demand zone.. correct?
Isn't that just another way of saying support/resistance then?
  • #237,426
  • Jul 13, 2010 1:42am Jul 13, 2010 1:42am
Quoting pip_daddy
Isn't that just another way of saying support/resistance then?
That is what I am seeing.. support happens when there was more buyer volume than seller volume, so it sounds to me like support and resistence levels with just another name....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,427
  • Jul 13, 2010 1:44am Jul 13, 2010 1:44am
Quoting priceaction
No pink dotted lines crossing yellow thick lines with a myriad of EMAs (with one that might fit the moment).

Just supply and demand, which drives the price of currencies, houses and staff, etc.

When supply exceeds demand at a price level, prices will decline and vice-versa.

Focus on True Supply and Demand

Rob
so what's next? what are the targets you are looking at?
Thank You
  • #237,428
  • Jul 13, 2010 1:46am Jul 13, 2010 1:46am
So, I would be thinking around this level or maybe a bit lower I am looking for some sort of reversal bar, divergence or extreme bullish bar to be wanting to enter long. Price has hit the lower 100 and 200 BB lines.... watching and waiting....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,429
  • Jul 13, 2010 1:50am Jul 13, 2010 1:50am
Quoting wormboy
so what's next? what are the targets you are looking at?
I guess he didn't want to give away all his secrets all at once.... lol
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,430
  • Jul 13, 2010 1:50am Jul 13, 2010 1:50am
Quoting damonl
So, I would be thinking around this level or maybe a bit lower I am looking for some sort of reversal bar, divergence or extreme bullish bar to be wanting to enter long. Price has hit the lower 100 and 200 BB lines.... watching and waiting....
thought you trade the m1 my friend. triple divergence on the rsi16 triggered off the 64 low to the pip
Thank You
  • #237,431
  • Jul 13, 2010 1:53am Jul 13, 2010 1:53am
Are GU Down just until Here ?????

close sell...or not ?....close sell...or not ?....



Attached Image (click to enlarge)
Click to Enlarge Name: GU H1xxxxx.JPG Size: 53 KB
  • #237,432
  • Jul 13, 2010 1:53am Jul 13, 2010 1:53am
Quoting damonl
I guess he didn't want to give away all his secrets all at once.... lol
hehe

I asked with all due respect really. He said focus on supply & demand, maybe he can show some of us what to expect next (ie targets etc).
Because with all due respect, his earlier explanation was after the fact. Would like to read one before a move happen.
Thank You
  • #237,433
  • Jul 13, 2010 1:55am Jul 13, 2010 1:55am
Quoting wormboy
thought you trade the m1 my friend. triple divergence on the rsi16 triggered off the 64 low to the pip
I did and still could again, but wanted to be able to start going for profit targets that were 3 to 4 times my SL. But really the only reason I traded 1M, is because I understood it... somehow.. and by doing so has given me a broader picture, as well as a growing account balance for confidence.

So now I am looking longer term, but seriousl adding trades as things go in my direction. Bill Williams was the first trading books I read and adding positions in your favor rather than when trades are going against you has always hit home, but it is harder in forex than stocks, but have found a way worth trying... so working on that a bit
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,434
  • Jul 13, 2010 1:55am Jul 13, 2010 1:55am
Quoting caldera
A view...
yes,hidden divergence with target about 1,3960-1,40 area in the next few weeks.....good luck
  • #237,435
  • Jul 13, 2010 1:57am Jul 13, 2010 1:57am
Quoting wormboy
hehe

I asked with all due respect really. He said focus on supply & demand, maybe he can show some of us what to expect next (ie targets etc).
Because with all due respect, his earlier explanation was after the fact. Would like to read one before a move happen.

I know.. I was also really hoping he would answer our questions.. maybe he had to run.. I guess he did give us an e-book to read.
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,436
  • Jul 13, 2010 1:57am Jul 13, 2010 1:57am
Quoting sepuluh
Are GU Down just until Here ?????

close sell...or not ?....close sell...or not ?....



Attachment

hmmm.. what is your normal exit strategy?
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,437
  • Jul 13, 2010 2:00am Jul 13, 2010 2:00am
Quoting wormboy
thought you trade the m1 my friend. triple divergence on the rsi16 triggered off the 64 low to the pip
I thought we would get a bounce there, but I am still looking for confirmation of my lows with indies at this point I guess. Would have been a fantastic entry though! Wish I could just start trusting my s&r points....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,438
  • Jul 13, 2010 2:03am Jul 13, 2010 2:03am
This is kind of what I'm seeing here.
Attached Image (click to enlarge)
Click to Enlarge Name: GUsupport.png Size: 491 KB
  • #237,439
  • Jul 13, 2010 2:06am Jul 13, 2010 2:06am
Quoting priceaction
Damon,

Oh yes, THE SECRET

If you would like to learn more about supply & demand, I've posted a PDF and 21 webinars.

There are no secrets. But there is the decision to follow right or wrong advice provided by successful or unsuccessful traders. I believe Sam Seiden offers the right advice and many consistently profitable traders concur.

I normally post in another thread and as trading provides me with my living, you'll appreciate my priorities lie with my own trading and making a living, but I share when I can; and I learn from...
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,440
  • Jul 13, 2010 2:07am Jul 13, 2010 2:07am
Quoting priceaction
Damon,

Oh yes, THE SECRET

If you would like to learn more about supply & demand, I've posted a PDF and 21 webinars.

There are no secrets. But there is the decision to follow right or wrong advice provided by successful or unsuccessful traders. I believe Sam Seiden offers the right advice and many consistently profitable traders concur.

I normally post in another thread and as trading provides me with my living, you'll appreciate my priorities lie with my own trading and making a living, but I share when I can; and I learn from...
This may be a dumb question but where I can I locate the webinars you mentioned. I searched the 1 thread it says you started with "Sam Seiden" and got no results.

I'm always looking to learn and appreciate any help you can lend me in locating the webinars.
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