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Cable Update (GBPUSD)

  • #247,741
  • Aug 22, 2010 10:34am Aug 22, 2010 10:34am
excellent!
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  • #247,742
  • Aug 22, 2010 10:36am Aug 22, 2010 10:36am
forexlion, take it easy with the vids and comments
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  • #247,743
  • Aug 22, 2010 11:52am Aug 22, 2010 11:52am
Quoting bbakker
That's perfect! Just monthly and weekly hi/lo and it will be just what I wanted. Many thanks!
well displaying for monthly and weekly is a bit tricky, for it needs to be displayed on the exact candle

will take some time to figure it out how

as a line its easy, as text on exact candle ............ well .............
  • #247,744
  • Aug 22, 2010 12:35pm Aug 22, 2010 12:35pm
Hi, Please could someone assist with this question from a newbee?
When calculating the monthly pivot, Do you calculate it on the previous month (ie July), or the month that we are currently busy in? (High/Low and Close to date?) and adjust it daily?

Thanks in advance.
  • #247,745
  • Aug 22, 2010 12:36pm Aug 22, 2010 12:36pm
Quoting forexlion
well displaying for monthly and weekly is a bit tricky, for it needs to be displayed on the exact candle

will take some time to figure it out how

as a line its easy, as text on exact candle ............ well .............
I am stuck with one basic thing

If on weekly chart, then which week of the month it is, 2nd or 3rd

rest is figured out.

and my options are limited

 

  1. Day
  2. DayOfWeek
  3. DayOfYear
  4. Hour
  5. Minute
  6. Month
  7. Seconds
  8. TimeCurrent
  9. TimeDay
  10. TimeDayOfWeek
  11. TimeDayOfYear
  12. TimeHour
  13. TimeLocal
  14. TimeMinute
  15. TimeMonth
  16. TimeSeconds
  17. TimeYear
  18. Year

  • #247,746
  • Aug 22, 2010 12:43pm Aug 22, 2010 12:43pm
Lion, were still in the range right?

also we need to see a close below 496 to consider a new downtrend.
  • #247,747
  • Aug 22, 2010 12:57pm Aug 22, 2010 12:57pm
Quoting forexlion
I am stuck with one basic thing

If on weekly chart, then which week of the month it is, 2nd or 3rd

rest is figured out.

and my options are limited

 

  1. Day
  2. DayOfWeek
  3. DayOfYear
  4. Hour
  5. Minute
  6. Month
  7. Seconds
  8. TimeCurrent
  9. TimeDay
  10. TimeDayOfWeek
  11. TimeDayOfYear
  12. TimeHour
  13. TimeLocal
  14. TimeMinute
  15. TimeMonth
  16. TimeSeconds
  17. TimeYear
  18. Year

...

Is it possible to work it out as week1, week2... week52.

So that week1 would be Sun Dec 26th 2009 - Sat 2nd Jan 2010, week2: Sun 3rd Jan 2010 - Sat 9th Jan 2010... week 52: Sun 19th Dec 2010 - Sat 25th Dec 2010.

So TimeDayOfWeek would start on Sunday, which is when the market opens in London (10pm GMT)

Let me know if this is possible. What do you think is best?

Cheers!
  • #247,748
  • Aug 22, 2010 1:01pm Aug 22, 2010 1:01pm
A few short more hours folks. I'm gonna short e/u, g/u like crazy this week. As it drops I'm gonna pile in with orders on top of orders. Move SL to BE and just keep stacking.

I plan to double or triple my account by the time this bearish moves finishes. Unless it doesn't happen. Then I just move on.
  • #247,749
  • Aug 22, 2010 1:18pm Aug 22, 2010 1:18pm
Quoting bbakker
Is it possible to work it out as week1, week2... week52.

So that week1 would be Sun Dec 26th 2009 - Sat 2nd Jan 2010, week2: Sun 3rd Jan 2010 - Sat 9th Jan 2010... week 52: Sun 19th Dec 2010 - Sat 25th Dec 2010.

So TimeDayOfWeek would start on Sunday, which is when the market opens in London (10pm GMT)

Let me know if this is possible. What do you think is best?

Cheers!
You could identify the last Sunday of the previous year and that could be used as the start of the 1st week of the new year.
so if you use 31-DEC-2009 and check what that day was if it was a saturday then no need to go back.. you know that 1st will be a sunday.
Else you start going back till you get a sunday and thats the start of the week no 1 for the new year.
  • #247,750
  • Aug 22, 2010 1:43pm Aug 22, 2010 1:43pm
Quoting pip_daddy
A few short more hours folks. I'm gonna short e/u, g/u like crazy this week. As it drops I'm gonna pile in with orders on top of orders. Move SL to BE and just keep stacking.

I plan to double or triple my account by the time this bearish moves finishes. Unless it doesn't happen. Then I just move on.

assuming they drop that is, price is still in range but it does look like its ready to break out
  • #247,751
  • Aug 22, 2010 1:46pm Aug 22, 2010 1:46pm
Quoting alex1976
assuming they drop that is, price is still in range but it does look like its ready to break out
I try to never assume anything. It could go up this week. Then I just have to watch and wait.
  • #247,752
  • Aug 22, 2010 1:50pm Aug 22, 2010 1:50pm
Quoting alex1976
Lion, were still in the range right?

also we need to see a close below 496 to consider a new downtrend.
since 4 hour 200 ema was broken

it needs to be seen how high she can go before being taken

1 hour 200 ema is the top
  • #247,753
  • Aug 22, 2010 1:59pm Aug 22, 2010 1:59pm
Quoting forexlion
since 4 hour 200 ema was broken

it needs to be seen how high she can go before being taken

1 hour 200 ema is the top
It went through 200ema on the way up like a hot knife through butter so I don't think it offers much in the way of s/r.
  • #247,754
  • Aug 22, 2010 2:07pm Aug 22, 2010 2:07pm
Hi FL,

I have tried to do what i said ..please check the attached file ..
This is my first try at writing the code so please bear with me ..

Attached File(s)
File Type: mq4 week.mq4   2 KB | 270 downloads
  • #247,755
  • Aug 22, 2010 2:10pm Aug 22, 2010 2:10pm
When drawing a trendline on mt4 in a higher time frame do you readjust it on a lower time frame or leave it be?
  • #247,756
  • Aug 22, 2010 2:18pm Aug 22, 2010 2:18pm
Quoting pip_daddy
It went through 200ema on the way up like a hot knife through butter so I don't think it offers much in the way of s/r.
Went through but never closed below on any one candle.
Much the same as it hasn't closed above the 200EMA on the same H4 chart.

Red line is the 200EMA for the hourly
Yellow Line is the 200EMA on the H4.

No closed candle...No true direction.

We are still trapped in between a narrowing wedge of support and resistance. Until we break out of here, I wouldn't be placing any bets on neither the bulls nor the bears in this battle just yet.

My 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: noclose.jpg Size: 86 KB
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  • #247,757
  • Edited 2:43pm Aug 22, 2010 2:33pm | Edited 2:43pm
Quoting Magix
Went through but never closed below on any one candle.
Much the same as it hasn't closed above the 200EMA on the same H4 chart.

Red line is the 200EMA for the hourly
Yellow Line is the 200EMA on the H4.

No closed candle...No true direction.

We are still trapped in between a narrowing wedge of support and resistance. Until we break out of here, I wouldn't be placing any bets on neither the bulls nor the bears in this battle just yet.

My 2 cents.
I guess it depends what time frame you trade in. I'm more interested in what the daily looks like. It has a lot to do with what sort of news comes out this week too so nothing is certain. The charts are telling me that it wants to go down. So unless some major news comes out to the contrary my guess is it will. The only question is when.
  • #247,758
  • Aug 22, 2010 3:14pm Aug 22, 2010 3:14pm
Quoting Magix
Went through but never closed below on any one candle.
Much the same as it hasn't closed above the 200EMA on the same H4 chart.

Red line is the 200EMA for the hourly
Yellow Line is the 200EMA on the H4.

No closed candle...No true direction.

We are still trapped in between a narrowing wedge of support and resistance. Until we break out of here, I wouldn't be placing any bets on neither the bulls nor the bears in this battle just yet.

My 2 cents.
pretty simple 1.5500 major support on daily , fridays us markets did not have enough power to break down 1066 on es , liekly due to options expiry and puts being exercised. also no really major news.

1.5500 seems to being protected for now ... but this week I see alot of signals for major downward movement in us markets , eu , usdcad up , ING ( stock down , dxd up

all of these line up ... just a little to odd that wave 3 is showing itself forming in so many cross markets ....

targeting 1.2200 and lower for eu over next 2 weeks. 1.2800 is my line in the sane , this is broken to upside then my sentiment may change

I like you comment on the wegde , till this is broken either way then neither bulls nor bears have won the battle , however if these wave 3 i see forming in all markets play out then gu 1.5000 may play out
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  • #247,759
  • Aug 22, 2010 3:20pm Aug 22, 2010 3:20pm
Quoting malcolmb14
pretty simple 1.5500 major support on daily , fridays us markets did not have enough power to break down 1066 on es , liekly due to options expiry and puts being exercised. also no really major news.

1.5500 seems to being protected for now ... but this week I see alot of signals for major downward movement in us markets , eu , usdcad up , ING ( stock down , dxd up

all of these line up ... just a little to odd that wave 3 is showing itself forming in so many cross markets ....

targeting 1.2200 and lower for eu over next 2 weeks. 1.2800 is my...
very subtle ...

daily gbp futures

1) red diamonds trend down
2) broken daily channel , although no real major selling pressure yet
3) lower highs on daily since aug 10th

been trading both buys and sells in the channel 1.5550 to 1.5650 but much happier selling and stops been very tight on the buys

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 209 KB
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  • #247,760
  • Edited 3:39pm Aug 22, 2010 3:28pm | Edited 3:39pm
Quoting bbakker
Exactly what I was looking for! If one can change the colour of the text for the highs to green and the lows to red that would be cool or make it configurable in the inputs section of the indie.

If you can also add the text to say which year it is (i.e. 2009).

Then just the month and week hi/lo and I will be a very happy bunny!

Already seems to work on all timeframes as I checked h1, h4,d1,w and m and the text appears on all of these timeframes!

Here is a mock up for the week and month highs if you didn't catch it earlier, with the additional...
kindly find the solution as requested

 

  1. yearly
  2. monthly
  3. weekly

all options are changeable

now i can sleep for the night, friggin gave me a freak to complete the work anyhow

source code included as mq4 file, its all yours

http://img823.imageshack.us/img823/8...555d7b002n.gif

Attached File(s)
File Type: mq4 bbaker_fun_unlimited.mq4   4 KB | 572 downloads
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