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Cable Update (GBPUSD)

  • #246,001
  • Aug 16, 2010 7:25am Aug 16, 2010 7:25am
Although my descision making TF is H1, it's always astonishing (at least to me) how simple things look switching to higher TF's

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #246,002
  • Aug 16, 2010 7:27am Aug 16, 2010 7:27am
Quoting AnonYmos
no thread but check out the attachment. A nice visitor to this thread here (apologies, forgot your name) made the effort to summarize the communication which explains it.
Here is a thread I thought was interesting for box trades

http://www.forexfactory.com/showthread.php?t=164034
  • #246,003
  • Aug 16, 2010 7:28am Aug 16, 2010 7:28am
Quoting AnonYmos
Another beautiful example for Cloggie's box trades. Missed the entry which, imho, would have been at where the arrow is. Closed half of my pos at the 2d vertical line tho, thereby secured 40 pips and moved sl to entry. So nothing to worry about.
Starting in your green box , run a trendline up them lows and see how far it goes before price stops using it. (the little box)
  • #246,004
  • Aug 16, 2010 7:29am Aug 16, 2010 7:29am
Looks like Twee finally found the d@rn reset button.
  • #246,005
  • Aug 16, 2010 7:30am Aug 16, 2010 7:30am
Quoting dryclean
Here is a thread I thought was interesting for box trades

http://www.forexfactory.com/showthread.php?t=164034
Thanks for the lead, bro!
  • #246,006
  • Aug 16, 2010 7:30am Aug 16, 2010 7:30am
Quoting digger1
Starting in your green box , run a trendline up them lows and see how far it goes before price stops using it

That's it and any short here until the reversal of the intra day trend is confirmed is just an automatic honorary membership to the smelly finger brigade.
  • #246,007
  • Aug 16, 2010 7:32am Aug 16, 2010 7:32am
Quoting digger1
Starting in your green box , run a trendline up them lows and see how far it goes before price stops using it
Good one! But I see trouble coming in on the 4h.
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  • #246,008
  • Aug 16, 2010 7:32am Aug 16, 2010 7:32am
Quoting Jhig
Good call on the longs Snowman. The high probable trade would be to look for Longs or stand aside until price is stable in its chosen direction.
wow just noticed I got a vouch, thanks very much Jhig it's an honour. In the recent past I've read some of your threads and a lot of your informative posts. Hope all is well with you and your trading.
  • #246,009
  • Aug 16, 2010 7:34am Aug 16, 2010 7:34am
Quoting cloggie
That's it and any short here until the reversal of the intra day trend is confirmed is just an automatic honorary membership to the smelly finger brigade.
yes indeed lol, think we already have a few members today
  • #246,010
  • Aug 16, 2010 7:35am Aug 16, 2010 7:35am
The move higher was a higher probability outcome than not for several reasons some of which included the daily ascending trend line/channel area support, the bullish divergence on 1hr and 4hr at the 5534 lows, (4hr is below) and the perfect tweezer bottom on 1hr

http://www.easy-upload.net/fichiers/z.2010816163139.gif

A few good chances to get with the upmove after a pullback, the 5min being a great example of this, on the way up. Price now at 104% of the 20day average pip range.

G/L
ex member
  • #246,011
  • Aug 16, 2010 7:36am Aug 16, 2010 7:36am
Quoting digger1
yes indeed lol, think we already have a few members today

Nothing new then, just liquidity providers. Been avoiding FF today until Twee found the reset button.

5678-5686 is the next key.
  • #246,012
  • Aug 16, 2010 7:42am Aug 16, 2010 7:42am
Quoting cloggie
Nothing new then, just liquidity providers. Been avoiding FF today until Twee found the reset button.

5678-5686 is the next key.
yes , 1.5691 is my 1st tgt , 1.5726 is my 2nd , may be stretching it but will see
  • #246,013
  • Aug 16, 2010 7:43am Aug 16, 2010 7:43am
Quoting digger1
1.5726 is my 2nd , may be stretching it but will see

5713 is mine
  • #246,014
  • Aug 16, 2010 7:45am Aug 16, 2010 7:45am
Quoting cloggie
5713 is mine
yes may get out there , my weekly pivot
  • #246,015
  • Aug 16, 2010 7:47am Aug 16, 2010 7:47am
Quoting uksnowman
wow just noticed I got a vouch, thanks very much Jhig it's an honour. In the recent past I've read some of your threads and a lot of your informative posts. Hope all is well with you and your trading.
You've earned it, one of many good calls.

Everything is well. On vacation for the next 2 weeks in Wellington NZ. Its currently 2AM and I can't sleep so the next best thing is to get some trades in.
  • #246,016
  • Aug 16, 2010 7:52am Aug 16, 2010 7:52am
Nice compression - release and separation off of a 5m formation.
This could begin a process of CRS formations on higher tf EMAs.

All other tf's up to the 1h are in sync with their EMAs gathering.

Dr. D.
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  • #246,017
  • Aug 16, 2010 7:53am Aug 16, 2010 7:53am
Enough call for +95 pips today
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #246,018
  • Aug 16, 2010 8:10am Aug 16, 2010 8:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
not bad mate..I am also ditching it here...I've slightly better 100 :-)



Quoting Yngwie
Enough call for +95 pips today
  • #246,019
  • Aug 16, 2010 8:10am Aug 16, 2010 8:10am
Quoting AnonYmos
no thread but check out the attachment. A nice visitor to this thread here (apologies, forgot your name) made the effort to summarize the communication which explains it.
Hi AnonYmos,
Thanks again for summarising the method. After reading through it, This is what I gather
1) Frankie moves are often fake, as highlighted in the grey area so they should be ignored
2)London went below the daily pivot and a short could have been traded there?
3)London then tested the DP, the first test should be ignored
4)London then tested the DP and second time and its more likely to break the DP. Long trade can be taken
5) Move your stops accordingly
6) Wait for NY to open, let it consolidate and trade the break in which ever direction it goes.

If you can spare the time, please comment. Also thanks to Cloggie for shaing his expereince. PS I know how to draw boxes but I, not sure if theres a certain methodology here to do it. Also if the analysis is complete rubbish do let me know haha

Thanks
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  • #246,020
  • Aug 16, 2010 8:14am Aug 16, 2010 8:14am
However, the 4h bubble could collapse further with a move downward which
would keep the daily in a tight compression formation for another big kaboom.
Last time the daily reached a CRS pattern, it then released for 2000 pips. (~01/21/10)

Dr. D.
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