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Cable Update (GBPUSD)

  • #246,061
  • Aug 16, 2010 10:51pm Aug 16, 2010 10:51pm
Quoting forexlion
In the event of the Hindenburg Omen and other news propping in from different channels and sources

What do you guys think can happen to cable and the currencies in general ?

How do we trade it ?

Comments invited

tough to say.....but one thing is for sure, the fear is increasing every day. Every which way you look, bulls are exiting the stage. Who knows when they could return? could be weeks, could be years..... When it finally materializes, it's not going to be pretty.
  • #246,062
  • Aug 16, 2010 10:55pm Aug 16, 2010 10:55pm
Daily S/R and pivot
Daily fibs

Put those into expert/indicators folder, restart MT4 and add the indic on the chart from navigator tab.
This will create a daily chart map for you. Clear target.


Have fun!
Don't tell me I am gentle, I know it! joke!

LOL

Quoting rosssurf
I guess I should download a PP indictor to my MT4 but I can't remember how. Can Anyone recomend thier favorite Daily PP indicator?
Attached File(s)
File Type: mq4 #Pivot-point-vTEXT-v2.mq4   17 KB | 248 downloads
File Type: mq4 #SpudFibomod.mq4   6 KB | 254 downloads
"Flip that coin!"
  • #246,063
  • Aug 16, 2010 11:36pm Aug 16, 2010 11:36pm
good morning all.
  • #246,064
  • Aug 16, 2010 11:36pm Aug 16, 2010 11:36pm
Quoting fourxtrader
Magix,

I'd love to see the 4h continue down to your 200ema (aqua dotted)
which would assist in completing its compression pattern. Imagine
if this could form then release on down to meet your 200ema on the
daily (aqua dotted) and beyond [i][color=blue]to...
Coming out of the summer months doc...I can only imagine that what we have seen and traded over the last short spell was only just foreplay before the real getting gets going.

Compression...Hell Yeah, load em all up!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,065
  • Aug 16, 2010 11:46pm Aug 16, 2010 11:46pm
the germans going to push it to 1,57 today??
  • #246,066
  • Aug 16, 2010 11:52pm Aug 16, 2010 11:52pm
Hoping I jumped in with a buy during the Sydney session.
  • #246,067
  • Aug 16, 2010 11:52pm Aug 16, 2010 11:52pm
Quoting CoffeeDrinke
the germans going to push it to 1,57 today??
Looks that way, are you riding any longs to that area or U waiting for short play?
  • #246,068
  • Aug 16, 2010 11:59pm Aug 16, 2010 11:59pm
The price is in the middle of weekly and daily pivot, which one will the price test?
  • #246,069
  • Aug 17, 2010 12:04am Aug 17, 2010 12:04am
closed my long position out at tht area yesterday, i just thought tht already acted as a resistance area and market up started to die down(divergence), so if it really wants to long again, its anyway going to give a down tipe retracment move like yesterday, so i am waiting for my german friends to get into the mix
  • #246,070
  • Aug 17, 2010 12:06am Aug 17, 2010 12:06am
sorry my answer wasnt clear, i am looking at it for short it would make tht a 4times top area within the current down move.
  • #246,071
  • Aug 17, 2010 12:16am Aug 17, 2010 12:16am
Recent occurrences

  1. August 16, 2010: Another unconfirmed Hindenburg Omen occurred, but just barely, as 70 stocks hit new lows as per www.stockcharts.com. This day coincided with record low trade volumes for 2010.

  1. August 12, 2010: An unconfirmed Hindenburg Omen occurred, the first since the market lows of 2009. One nearly occurred on August 11, failing only in that 67 stocks hit new lows, rather than the required 69.

  1. June 22, 2007: There were 3,422 NYSE issues traded, with 88 New Highs and 73 New Lows, the lesser number equal to 2.13 percent of total issues traded, almost 2.20 percent. The McClellan Oscillator was negative -116.59.

  1. June 21, 2007: There were 3,434 NYSE issues traded, with 106 New Highs and 75 New Lows, the lesser number equal to 2.18 percent of total issues traded, almost 2.20 percent. The McClellan Oscillator was negative -36.65.

  1. June 13, 2007: There were 3,428 NYSE issues traded, with 96 New Highs and 95 New Lows, the common number equal to 2.77 percent of total issues traded, above the minimum requirement of 2.20 percent. The McClellan Oscillator was negative -116.92.

  • #246,072
  • Aug 17, 2010 12:28am Aug 17, 2010 12:28am
that occured last night and this morning are false?

I wouldn't go long below 1.5710.
  • #246,073
  • Aug 17, 2010 12:29am Aug 17, 2010 12:29am
I am dieing for a smoke reminder ppl if you quit dont be a idiot like me and start again, then you just have to resist the urge again, man the force can only be with you so many time haha, cross fingers for me
  • #246,074
  • Edited 12:47am Aug 17, 2010 12:31am | Edited 12:47am
Quoting CoffeeDrinke
sorry my answer wasnt clear, i am looking at it for short it would make tht a 4times top area within the current down move.
Ok, thats what I was thinking of doing as well. Hopefully the ride down will be a nice pip avalanche
  • #246,075
  • Aug 17, 2010 12:54am Aug 17, 2010 12:54am
Quoting TheSwede
that occured last night and this morning are false?

I wouldn't go long below 1.5710.
Not really sure what you are asking here....

My charts are all based on simplicity of trend with support and resistance. IF resistance holds, where is support. If support holds, where is next resistance.

I have just exited my long positions on the second test of the 200ema on the hourly and will now wait into London for a proper trigger.

I know what I am looking for, and expecting...if I am wrong on the play, I would rather be sidelines then trapped.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,076
  • Aug 17, 2010 12:56am Aug 17, 2010 12:56am
Quoting CoffeeDrinke
I am dieing for a smoke reminder ppl if you quit dont be a idiot like me and start again, then you just have to resist the urge again, man the force can only be with you so many time haha, cross fingers for me

life is short, smoke as much as you want
  • #246,077
  • Aug 17, 2010 12:59am Aug 17, 2010 12:59am
uc is in a downtrend
uj is in a downtrend
gj is ocillating
and until last week gu was running upward
i will still take what pa, and s/r gives me but isn't it feasable that
gu will resume upward movement after a retracement to teh 23?
  • #246,078
  • Aug 17, 2010 1:02am Aug 17, 2010 1:02am
Quoting mfoste1
life is short, smoke as much as you want
You are right, so why make it even shorter?
  • #246,079
  • Aug 17, 2010 1:05am Aug 17, 2010 1:05am
Quoting moonchild
You are right, so why make it even shorter?

i dunno, i dont smoke.....
  • #246,080
  • Aug 17, 2010 1:07am Aug 17, 2010 1:07am
Quoting moonchild
You are right, so why make it even shorter?
Agreed, but its rather shitty when you drinking and dont smoke smoke or when you braai(BBQ) man its great sitting by the fire having a drink and smoking a cig
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