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Cable Update (GBPUSD)

  • #244,741
  • Aug 11, 2010 12:53am Aug 11, 2010 12:53am
Quoting forexlion
see i told u

but i will prefer to wait for london open for a fresh entry

too many graves on this forum
you were saying ?

es is testing globex lows here 1100 , breaks here we could see 5 to 10 point drop in London .
Blogging daily now at www.volume.zone
  • #244,742
  • Aug 11, 2010 1:04am Aug 11, 2010 1:04am
Following different tf's and recognizing that there is a
natural order in the attractions and repulsion of MMAs
which are the graded manifestation of price action and
movement being a representation of buying and selling
as the ever changing moods of traders in the marketplace.

Once the EMA's separate into an expansive pattern they
then again find themselves in an unstable state (the bubble)
much like the compression patterns... and draw again together.

Here's a 5m chart that shows the gathering of EMA's into a tight
compression pattern and will likely soon separate in a rigorous
fashion. Where will it release? Up or down? Will the energy of
the motion provide an assistance to another tf that is either
returning to compression or continuing into expansion?

Looking to higher tf's we find that the EMA's on the 15m and
the 30m charts are below the 144 (aqua) and have been moving
gradually upward after the bubble collapse. Any move up following
a compression - release from the 5m would assist in the formation
of a compression pattern on these two immediate higher tf's.

If they should form (and it seldom happens in synchrony) their
release could assist another tf in it's expansion or compression.

Always fun to watch.

Dr. D.
Attached Images
  • #244,743
  • Aug 11, 2010 1:05am Aug 11, 2010 1:05am
Waiting for a 5m compression pattern to release and
the formation of another MAC on either the 15m or 30m
will have some affect on the outcome of this 1h chart
which is nearing compression. The EMA's are below the
center point of convergence so any upmove might slow
the formation. Kept below the center point will hold
the pattern. If the 1h goes fully into compression, which
could take hours or days the release could be huge.

Last time the 1h formed a tight compression and release
and expansion was.... ~7/22/10 (1.5238) which added
another 700+ pips to the current uptrend.

Of course, a considerable move downward would close
the 1h further and add to the collapse or retrace of the 4h
bubble. Like any tf, the PA could make an initial move
in the opposite direction while the EMA's are tightly coiled
before the final breakout.

Dr. D.
Attached Images
  • #244,744
  • Aug 11, 2010 1:12am Aug 11, 2010 1:12am
morning all, is the pound unlikely to retest its low from yday? or is this a case of seeing which direction the triangle breaks and following it?
  • #244,745
  • Aug 11, 2010 1:20am Aug 11, 2010 1:20am
reverse H & S pattern forming on 30 min, going long at 5790... protect stop at 5760
  • #244,746
  • Aug 11, 2010 1:29am Aug 11, 2010 1:29am
Quoting Purple
lol, awesome hidden spam right in their, in that post.
n please stop advertising it, i m not paying u a dime
  • #244,747
  • Aug 11, 2010 1:31am Aug 11, 2010 1:31am
Quoting joemiami
reverse H & S pattern forming on 30 min, going long at 5790... protect stop at 5760
A bit early for me, waiting for 5770...
  • #244,748
  • Aug 11, 2010 1:33am Aug 11, 2010 1:33am
Good morning folks.

Another interesting day following the price of the pound is in store for us all.

Hopefully we will all get and keep our pips today.
  • #244,749
  • Aug 11, 2010 1:55am Aug 11, 2010 1:55am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day to you,

if this week doesnot make new high and closed as bearish, then this bearish gartley will play
Good day to all.
weekly bearish gartly still in play.... plus head and shoulder on 4 hour.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour h&s.png Size: 45 KB
  • #244,750
  • Aug 11, 2010 1:56am Aug 11, 2010 1:56am
EUR/GBP ............................ cya in hell folks
  • #244,751
  • Aug 11, 2010 1:59am Aug 11, 2010 1:59am
Quoting forexlion
EUR/GBP ............................ cya in hell folks
and I was thinking about shorting that
  • #244,752
  • Aug 11, 2010 1:59am Aug 11, 2010 1:59am
Quoting forexlion
check EURGBP 4 HOUR

then comment on cable

i tooold juu malcolm

http://img812.imageshack.us/img812/2319/67728113.gif
  • #244,753
  • Aug 11, 2010 2:02am Aug 11, 2010 2:02am
cooble tuurget 5704, jif loondoon oopen 5780 hoolds
  • #244,754
  • Aug 11, 2010 2:07am Aug 11, 2010 2:07am
Quoting forexlion
cooble tuurget 5704, jif loondoon oopen 5780 hoolds
me going short for now

then will buy the bootum all the way to 5850

jiff 5704 huulds

http://img405.imageshack.us/img405/3378/73338850.gif
  • #244,755
  • Aug 11, 2010 2:10am Aug 11, 2010 2:10am
Hi all. Everybody's charts show different picture.
My 4hr shows down channel developing. Price rejected the Monthly R1 pivot to begin the fall. Price currently sitting at 23.6 fib retracement. Looks more downside to me
Attached Image (click to enlarge)
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  • #244,756
  • Aug 11, 2010 2:11am Aug 11, 2010 2:11am
stoop luck -10
  • #244,757
  • Aug 11, 2010 2:18am Aug 11, 2010 2:18am
Hi guys...
glad im not the only one seeing short
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2010-08-11 at 5.15.35 PM.png Size: 45 KB
  • #244,758
  • Edited 2:33am Aug 11, 2010 2:18am | Edited 2:33am
This looks Bullish to me................?

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 64 KB
  • #244,759
  • Aug 11, 2010 2:33am Aug 11, 2010 2:33am
It's the inflation report that will decide the direction.
Probability Professor
  • #244,760
  • Aug 11, 2010 2:43am Aug 11, 2010 2:43am
BBC News: Bank of England expected to lower its forecasts for UK growth.
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