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Cable Update (GBPUSD)

  • #247,901
  • Aug 23, 2010 6:00am Aug 23, 2010 6:00am
Quoting witsnpips
yeah i'd have to agree with this, nothing major happening today i don't think
Cable is well-know for it intraday swing characteristics and i would love if it would swing all the way till tomorrows London open as theres crazy money in swing trading rather than the just day trend.
To Your Success!!
  • #247,902
  • Aug 23, 2010 6:02am Aug 23, 2010 6:02am
Quoting bbmac
London opens and price breaksout of the asian range and immediately pullsback to the top of that range- a 5min congestion channel, where it finds support and continues on to the current intraday hi around 5620...of course as we know the break out was not sustained,...but a great hidden divergence based opp to get long developed on the 1min on said pullback, the previous 5min swing hi x 4 = prev resistance x 4 making it potentially stronger rbs..it was and price rose to the current intraday Hi see-ing over 40pips available gain from the rise, ...before...
Hi bbmac

Please can you tell which oscillator you are using for the red and blue histogram and what the settings are

Many thanks
  • #247,903
  • Aug 23, 2010 6:11am Aug 23, 2010 6:11am
Quoting Indyfx
Hi bbmac

Please can you tell which oscillator you are using for the red and blue histogram and what the settings are

Many thanks
I use the standard osma on setting 8/15/9 and the standard macd histogram on setting 8/12/9 - both available in the MT charting as standard..(actually the MT standard macd as decsribed is a histogram of the signal line, not as the original macd histogram was: ie a histogram of the difference between the signal line and ma) I also use a 14cci plotted around a 20bol as the 3rd oscillator...

My trading edge involves certain proprietary patterns comprised of certain patterns of oscillator divergence both regular and hidden with bol band patterns, coupled with certain fractal geometry at pre-identified potential supp/res with a price action trigger..quite involved for the inexperienced and seemingly confusing/too involved ...but just simple repeating easily recognisable patterns for the experienced...ie I wish to enter the market only when the greatest degree of technical confluence - indicating that price has a historically much greater chance of going in my favour than not, is present.

G/L
ex member
  • #247,904
  • Aug 23, 2010 6:12am Aug 23, 2010 6:12am
down swing fizzled out so soon ?
  • #247,905
  • Aug 23, 2010 6:16am Aug 23, 2010 6:16am
Quoting forexlion
down swing fizzled out so soon ?

yup same time as the up swing did
  • #247,906
  • Aug 23, 2010 6:18am Aug 23, 2010 6:18am
Quoting AdrianHNV
yup same time as the up swing did
what about 5420 ?
  • #247,907
  • Aug 23, 2010 6:21am Aug 23, 2010 6:21am
Quoting forexlion
what about 5420 ?
cable nxt tgt 5642
  • #247,908
  • Aug 23, 2010 6:21am Aug 23, 2010 6:21am
Quoting forexlion
what about 5420 ?
No idea........

I only do 'correlation trades'....so it does bother me which direction it goes in, I make pips only when everything looks right and is confirmed right.

That's how we bees have managed to survive so long....................
  • #247,909
  • Aug 23, 2010 6:24am Aug 23, 2010 6:24am
For the compulsive one, just a reminder:

http://i140.photobucket.com/albums/r...fSeriesTwo.jpg
"Flip that coin!"
  • #247,910
  • Aug 23, 2010 6:26am Aug 23, 2010 6:26am
Quoting bbmac
I use the standard osma on setting 8/15/9 and the standard macd histogram on setting 8/12/9 - both available in the MT charting as standard..(actually the MT standard macd as decsribed is a histogram of the signal line, not as the original macd histogram was: ie a histogram of the difference between the signal line and ma) I also use a 14cci plotted around a 20bol as the 3rd oscillator...

My trading edge involves certain proprietary patterns comprised of certain patterns of oscillator divergence both regular and hidden with bol band patterns,...
Many thanks
  • #247,911
  • Aug 23, 2010 6:38am Aug 23, 2010 6:38am
Quoting Scipionz
Hi buddy,

If you look closer this is all look serious.
Sure the front can look as a scam, but I red some about it and its really a concept in application.

Seems they take price and transform it into sounds. So that way th rat can reconize pattern.
Then rat take a trade (long (green switch) short (red switch).

If he's right he will get a candy, if not a little electro shock.
Look at the %, some of the rats have 50% and more winner!

The world we live in....
Lol! ... Muahhah!...

the hard part is working out the legit stuff from all the scams!
  • #247,912
  • Aug 23, 2010 6:39am Aug 23, 2010 6:39am
Quoting audi
cable nxt tgt 5642
matter of time.
  • #247,913
  • Aug 23, 2010 6:40am Aug 23, 2010 6:40am
there seems to be no reason to trade today!!!

PA is dead and with no real momentum I don't want to take any chances...

USDINX is at 82.94, lets hope it can break 83.00 convincingly and stay above
@pawpaw1000 on Twitter
  • #247,914
  • Aug 23, 2010 6:42am Aug 23, 2010 6:42am
Quoting audi
cable nxt tgt 5642
any reasons for this crystal ball call?
@pawpaw1000 on Twitter
  • #247,915
  • Aug 23, 2010 6:44am Aug 23, 2010 6:44am
Quoting witsnpips
the hard part is working out the legit stuff from all the scams!
Sure, but honnestly all you need is a chart, a fibs tool, and trendlines....

All the rest is scam... Hehe!


I started making money the day I stopped searching for the magic trick/holy grail... and developped my own vision of it.

Take care!

(ps: take a 1 min chart or 5..., and just take any 61.8% correction, up or down, and aim for 5/10 pips whit 35 pips SL. Just test it! LOL)
"Flip that coin!"
  • #247,916
  • Aug 23, 2010 6:50am Aug 23, 2010 6:50am
Maybe, just maybe things will move a little more,around the

3:30pm USD FOMC Member Hoenig Speaks


calender update..........

Going gardening for a while.............Might even see some real Bees
  • #247,917
  • Aug 23, 2010 6:51am Aug 23, 2010 6:51am
Quoting Scipionz
Sure, but honnestly all you need is a chart, a fibs tool, and trendlines....

All the rest is scam... Hehe!


I started making money the day I stopped searching for the magic trick/holy grail... and developpe my own vision of it.

Take care!
hahaha!! fibs and trendlines, so true!
  • #247,918
  • Aug 23, 2010 6:58am Aug 23, 2010 6:58am
Quoting pawpaw1000
any reasons for this crystal ball call?
Ask her! Joke!

http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi
Attached Image
"Flip that coin!"
  • #247,919
  • Aug 23, 2010 7:03am Aug 23, 2010 7:03am
Quoting AdrianHNV
Maybe, just maybe things will move a little more,around the

3:30pm USD FOMC Member Hoenig Speaks


calender update..........

Going gardening for a while.............Might even see some real Bees
hate speeches, nothing makes sense
  • #247,920
  • Aug 23, 2010 7:07am Aug 23, 2010 7:07am
Does anyone think that cable will drop to test 50% retracements at 1.5120 of the big rally or will it be reassess at the 200day ema?
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