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Cable Update (GBPUSD)

  • #243,281
  • Aug 4, 2010 3:37pm Aug 4, 2010 3:37pm
Once again, price loves to explode off of these
compression patterns. Just search for the tf.

Where will the next one be?


Dr. D.
Attached Image
  • #243,282
  • Aug 4, 2010 4:02pm Aug 4, 2010 4:02pm
Quoting fourxtrader
Once again, price loves to explode off of these
compression patterns. Just search for the tf.

Where will the next one be?


Dr. D.

Did that MA compression happen the same time as the price compression? These MAC's could actually warrant a bit of work to find secondary confirmation in price itself. Did you guys ever start a thread on this to get some research done?
  • #243,283
  • Aug 4, 2010 4:18pm Aug 4, 2010 4:18pm
Quoting fourxtrader
Once again, price loves to explode off of these
compression patterns. Just search for the tf.

Where will the next one be?


Dr. D.
Dr.D, What ma's are those?
  • #243,284
  • Aug 4, 2010 4:37pm Aug 4, 2010 4:37pm
Quoting langdonb
Dr.D, What ma's are those?
All are EMAs. (6), 18, 36, 54, 72, 90, 108, 126, 144
Nothing significant about the specific individual periods
as all are viewed collectively in a pattern rather than
as target points. They should be equally spaced and
spread across a wide range of periods.

The 200 dotted [EMA and SMA] are added only for reference
as respected, continually moving s/r levels and are not used
in the compression pattern.

Dr. D.
  • #243,285
  • Aug 4, 2010 4:50pm Aug 4, 2010 4:50pm
Quoting fourxtrader
[i][color=blue]All are EMAs....
Understood, Thanks, Dr.!
  • #243,286
  • Aug 4, 2010 4:54pm Aug 4, 2010 4:54pm
where in a downtrend 1st T/P 1.5740
Attached Image (click to enlarge)
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  • #243,287
  • Aug 4, 2010 6:04pm Aug 4, 2010 6:04pm
who thinks we just began a new range between 850 and 950, or start of a down move?
  • #243,288
  • Aug 4, 2010 6:33pm Aug 4, 2010 6:33pm
Quoting alex1976
who thinks we just began a new range between 850 and 950, or start of a down move?
range it seems

60 min charts had massive volume that knocked market sideways on the move today and the days range was only 100 pip , when the 21 days av range is closer to 140 , so the down move could be some form of mark down , with buyers showing up at support.

Reality is no point in guessing at this stuff , London could change all of this and we have NFP on friday that could change entire direction of sotck market and hence fx markets in August
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  • #243,289
  • Aug 4, 2010 6:58pm Aug 4, 2010 6:58pm
half tp at 55 and remains @5805.....




comments welcome please
Attached Image(s) (click to enlarge)
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We cannot direct the winds but we can adjust our sail.
  • #243,290
  • Aug 4, 2010 7:11pm Aug 4, 2010 7:11pm
Quoting posterboy
half tp at 55 and remains @5805.....




comments welcome please

wall of buyers at support

Highlight on the chart other times we see these ultra high volume down moves OR up moves and what happens

this is vsa set up .. been buying longs off 860 unless we get a close under that support area

we could be going into some form of range here 860 to 950

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Blogging daily now at www.volume.zone
  • #243,291
  • Aug 4, 2010 7:24pm Aug 4, 2010 7:24pm
Quoting malcolmb14
wall of buyers at support

Highlight on the chart other times we see these ultra high volume down moves OR up moves and what happens

this is vsa set up .. been buying longs off 860 unless we get a close under that support area

we could be going into some form of range here 860 to 950

Attachment
1.6127 then comes the drop we could go as high as 1.6175!
  • #243,292
  • Aug 4, 2010 7:26pm Aug 4, 2010 7:26pm
no worries...looking for long stop below 874 and scalp 945..i do read you
and visit your thread..often sir



Quoting malcolmb14
wall of buyers at support

Highlight on the chart other times we see these ultra high volume down moves OR up moves and what happens

this is vsa set up .. been buying longs off 860 unless we get a close under that support area

we could be going into some form of range here 860 to 950

Attachment
We cannot direct the winds but we can adjust our sail.
  • #243,293
  • Aug 4, 2010 7:28pm Aug 4, 2010 7:28pm
hmmmmm ok hunting long

Quoting Allseeingeye
1.6127 then comes the drop we could go as high as 1.6175!
We cannot direct the winds but we can adjust our sail.
  • #243,294
  • Aug 4, 2010 7:33pm Aug 4, 2010 7:33pm
Quoting posterboy
iam sure fib u saying
look for a retracement at around 1.5970 end of wave 3 to go down to around 1.5650 as wave 4 then we will get wave 5 till 1.6125-75
  • #243,295
  • Aug 4, 2010 7:37pm Aug 4, 2010 7:37pm
Quoting posterboy
hmmmmm ok hunting long
could be eyeing these weekly resistance levels . They are a little open to interpretation but these are the ones I got for now . This is why we stopped on 960

maybe range bound till nfp .... which would suit me ok

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  • #243,296
  • Aug 4, 2010 7:40pm Aug 4, 2010 7:40pm
ok so you would be saying we might get a fake ip breakout at 5970 and could retrace to no mans land area at around 750 650 and shoot again...

Did i say it correctly...all depend on Pa no picking tops and botts..right
pa now at 5910 hmm stupid question worth trying with a stop below 874 or 860
Quoting Allseeingeye
look for a retracement at around 1.5970 end of wave 3 to go down to around 1.5650 as wave 4 then we will get wave 5 till 1.6125-75
We cannot direct the winds but we can adjust our sail.
  • #243,297
  • Aug 4, 2010 7:44pm Aug 4, 2010 7:44pm
i need more time heheh...salute to u guys great increasing knowledge day after day ..
We cannot direct the winds but we can adjust our sail.
  • #243,298
  • Aug 4, 2010 7:45pm Aug 4, 2010 7:45pm
  • #243,299
  • Aug 4, 2010 7:45pm Aug 4, 2010 7:45pm
Bump and Run reversal pattern is continue to forming. I'm waiting for another jump up in 1.5970 - 1.6050 and after that we could go down. Yestrday position (buy on 5872) in profit now, continue to holding it
  • #243,300
  • Aug 4, 2010 7:51pm Aug 4, 2010 7:51pm
why is it called no mans land, why not no womans land

and why do they add a wo to a man to make it a woman

is it wo or woe ?
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