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Cable Update (GBPUSD)

  • #239,881
  • Jul 21, 2010 5:56am Jul 21, 2010 5:56am
Quoting bbmac
It is the 'FutCh' channel of the SilverChannels indicator...ie I black all else out on that indicator in the Colours tab of the properties, and use a 61.8, 161.8 , and either 261.8 or 423.6 setting depending on the pairing in the inputs tab....On cable for eg...the 61.8% contains 93% of all price action and this % increases as the channel value increases in line with fib extension values.

I attach the indicator here...make of it what you will, but please be aware it forms part of proprietry tech set-ups that make up my trading edge, ie I [u]do...
Thanks. I'll have a play with it.

G-Man
  • #239,882
  • Jul 21, 2010 5:58am Jul 21, 2010 5:58am
Quoting GlobalMacro
I hear you lion...sometimes doing nothing is the best thing..
but still you can try some roars at the sterling lioness...maybe then she'll come back to sense...
daily chart is totally confusing right now

just too much selling pressure and yet she won't break her viginity
  • #239,883
  • Jul 21, 2010 6:03am Jul 21, 2010 6:03am
Quoting forexlion
daily chart is totally confusing right now

just too much selling pressure and yet she won't break her viginity
STRANGE!!
All this big names not see where r we going!! While it's clear like Crystal
  • #239,884
  • Jul 21, 2010 6:11am Jul 21, 2010 6:11am
Quoting forexlion
daily chart is totally confusing right now

just too much selling pressure and yet she won't break her viginity
here is how I interpret the mayhem:

yesterday the bears got slaughtered and daily formed a pin...the bulls had a real chance to get it on!!!...but when this morning just a while before the news someone (BIG,REALLY BIG) noticed that bulls are not the real deal after all because they couldn't conquer 1.5300 decisively then that someone had special "brew" on the menu for both bulls and bears...massacred bulls first...robbed bears later...leaving the market the disoriented mess that it is so far.
Hear the music before the song is over ...
  • #239,885
  • Jul 21, 2010 6:11am Jul 21, 2010 6:11am
Quoting fourxtrader
So that's why I often find myself standing in the
shortest and slowest lines whilst dealing with the
smallest and simplest minds in these markets.

Dr. D.
Don't you mean longest and slowest lines.
  • #239,886
  • Jul 21, 2010 6:12am Jul 21, 2010 6:12am
Worlds best car parking system ........ fully automatic !!!

Inserted Video
  • #239,887
  • Jul 21, 2010 6:15am Jul 21, 2010 6:15am
Quoting GlobalMacro
here is how I interpret the mayhem:

yesterday the bears got slaughtered and daily formed a pin...the bulls had a real chance to get it on!!!...but when this morning just a while before the news someone (BIG,REALLY BIG) noticed that bulls are not the real deal after all because they couldn't conquer 1.5300 decisively then that someone had special "brew" on the menu for both bulls and bears...massacred bulls first...robbed bears later...leaving the market the disoriented mess that it is so far.
Thats one way to put it...

Could not have said it better, luckily i was not in front of the computer while she bounce around.

You in position GM
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,888
  • Jul 21, 2010 6:17am Jul 21, 2010 6:17am
Quoting Purple
My SL on shorts from Euro/Usd got hit at 129.05, I re-took the shorts again from 128.80, with the shooting star with high volumes yesterday, I am confident we will have a bear candle today.

And anyways I must take out 2000 USD by tomorrow from my account, so I have to take this risk, I have this phsycological barrier of having always an open equity of 5000 USD on my account, below that, I feel poor and start going down.
Closed my shorts from 128.80 area at 127.90, will be looking for possible trades in NY session.
  • #239,889
  • Jul 21, 2010 6:22am Jul 21, 2010 6:22am
World's best traffic control system ....... I love the Cops

Inserted Video
  • #239,890
  • Jul 21, 2010 6:22am Jul 21, 2010 6:22am
Quoting Bull_Bear
Thats one way to put it...

Could not have said it better, luckily i was not in front of the computer while she bounce around.

You in position GM
no...I'm having chips & flips trying to romanticize unsavory beauties such as Mrs Sterling...

how about yourself, bro?
Hear the music before the song is over ...
  • #239,891
  • Jul 21, 2010 6:26am Jul 21, 2010 6:26am
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Attached Image (click to enlarge)
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R & S , That Is All !...
  • #239,892
  • Jul 21, 2010 6:26am Jul 21, 2010 6:26am
Quoting GlobalMacro
no...I'm having chips & flips trying to romanticize unsavory beauties such as Mrs Sterling...

how about yourself, bro?
Holding short mate... 1.5297, looking for 1.5130.... than 1.5000 final destination.

Mrs Sterling better not F$%K around again
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,893
  • Jul 21, 2010 6:28am Jul 21, 2010 6:28am
Quoting forexlion
World's best traffic control system ....... I love the Cops

http://www.youtube.com/watch?v=a4sUUnT4rFk
Thats tit-taculous
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,894
  • Jul 21, 2010 6:31am Jul 21, 2010 6:31am
wow glad I was away this morning and more glad I had SL on my long far away @ 1.516 = BE
It will take a while before any indicators (if used) will give the clear picture.
When disregarding this spike the way I see it:

1. PA still above yesterdays broken UTL on H1
2. Enormous relative strength GU compared to EU (strong usd more then compensated with strong GBP)
3. Looking at PA we remain in uptrend
4. For longs imo we should stay above 1.5230 (broken UTL)

Lower then 1.5230 would prob press me to exit long......

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0091.png Size: 27 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #239,895
  • Jul 21, 2010 6:32am Jul 21, 2010 6:32am
Quoting Amie_Senior
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Hi there...Are you by any chance related to Amie_Junior?
Hear the music before the song is over ...
  • #239,896
  • Jul 21, 2010 6:34am Jul 21, 2010 6:34am
Still holding my short position, but price doesn't seem to go anywhere at the moment. If it come down to 1.5230 I will move the SL on Break Even so I can have free ride.

Time for more coffee...
  • #239,897
  • Jul 21, 2010 6:36am Jul 21, 2010 6:36am
Quoting Bull_Bear
Holding short mate... 1.5297, looking for 1.5130.... than 1.5000 final destination.

Mrs Sterling better not F$%K around again
yeah she better not...or else she knows what'll be awaiting her...LOL

Good luck with your trade, bro!
Hear the music before the song is over ...
  • #239,898
  • Jul 21, 2010 6:38am Jul 21, 2010 6:38am
Quoting Bull_Bear
Holding short mate... 1.5297, looking for 1.5130.... than 1.5000 final destination.

Mrs Sterling better not F$%K around again
  • #239,899
  • Jul 21, 2010 6:42am Jul 21, 2010 6:42am
we should start seeing something now..i think euro might strat moving up now..
  • #239,900
  • Jul 21, 2010 6:46am Jul 21, 2010 6:46am
Quoting nAVIN2007
we should start seeing something now..i think euro might strat moving up now..
EUR will see 1.2700 NAV
Veni, Vidi, Vici (We came, we saw, we conquered)
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