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Cable Update (GBPUSD)

  • #248,461
  • Aug 25, 2010 12:39am Aug 25, 2010 12:39am
Was that a rejection of the low??
  • #248,462
  • Aug 25, 2010 12:44am Aug 25, 2010 12:44am
Quoting joemiami
Was that a rejection of the low??
Here's what my auto trend saying for the 5m here joe.

Gotta watch for support to hold imo, but getting that loving feeling for topside after the test of daily support.
Attached Image (click to enlarge)
Click to Enlarge Name: autot.jpg Size: 68 KB
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  • #248,463
  • Aug 25, 2010 12:44am Aug 25, 2010 12:44am
long from 5420....up we go
  • #248,464
  • Aug 25, 2010 12:49am Aug 25, 2010 12:49am
Quoting Magix
Here's what my auto trend saying for the 5m here joe.

Gotta watch for support to hold imo, but getting that loving feeling for topside after the test of daily support.
The chart you just showed has me licking my chops
  • #248,465
  • Aug 25, 2010 12:50am Aug 25, 2010 12:50am
What i look at is that Eur was trying to go up for last 6 hours and made about 50 pips. At this point it looks like it is time to go down or at list to retest support line at 1.2616 .
  • #248,466
  • Aug 25, 2010 12:53am Aug 25, 2010 12:53am
Quoting Magix
Here's what my auto trend saying for the 5m here joe.

Gotta watch for support to hold imo, but getting that loving feeling for topside after the test of daily support.
Magix how does your auto trend indicator work, can i get it ?
  • #248,467
  • Aug 25, 2010 12:53am Aug 25, 2010 12:53am
Quoting joemiami
The chart you just showed has me licking my chops
Might be a nice little addition to your current charts here then joe...certainly something to watch out for....
Attached File(s)
File Type: mq4 #AutoTrendChannel.mq4   8 KB | 443 downloads
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  • #248,468
  • Aug 25, 2010 12:53am Aug 25, 2010 12:53am
Hello!

The daily trendline is long?
  • #248,469
  • Aug 25, 2010 12:53am Aug 25, 2010 12:53am
Ok, where she headed to, so I can short the living hell out of this british bioch when the time is right....
5500 ?
  • #248,470
  • Aug 25, 2010 12:54am Aug 25, 2010 12:54am
Quoting Mészike
Hello!

The daily trendline is long?
No, she going up first for the longer and more $$ ride DOWN !! I think thats what most of us are hoping for....
  • #248,471
  • Aug 25, 2010 12:57am Aug 25, 2010 12:57am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting zigizum
to add short I see very nice level at 1,5450! SL around 1,5520

trailing down to next target at 1,5350.

...staying short - problem if price stays long time at 1,5450, maybe we will see testing of 1,5470 level....if we brake this...problem with my SL...

...for now I see a steady short
  • #248,472
  • Aug 25, 2010 12:59am Aug 25, 2010 12:59am
WTF was that? I just closed my long... she seems a lil schizo right now
  • #248,473
  • Aug 25, 2010 1:05am Aug 25, 2010 1:05am
re entered long at 5415

bullish divergence forming on 1min
  • #248,474
  • Aug 25, 2010 1:14am Aug 25, 2010 1:14am
Would someone please reach over and pinch this girl in the arse so she'll get moving?
  • #248,475
  • Aug 25, 2010 1:20am Aug 25, 2010 1:20am
Quoting joemiami
Would someone please reach over and pinch this girl in the arse so she'll get moving?
LOL your avatar or GU??
  • #248,476
  • Aug 25, 2010 1:23am Aug 25, 2010 1:23am
Quoting CoffeeDrinke
LOL your avatar or GU??
...well my avatar likes a lil pinch too once in while, but since she spends most her day tanning, so we'll pinch the other one so we all can make some good $$ tonight
  • #248,477
  • Aug 25, 2010 1:24am Aug 25, 2010 1:24am
Quoting Magix
A bit of compression and a bit of guppy on this one here doc...figured it might be a chart that'd catch your eye.

Interesting.

Here's what Daryl Guppy said about compression:

"When both groups** compress at the same time
it alerts the trader to increased price volatility
and the potential for good trading opportunities."

**[he used 3,5,8,10,12, and 15 for the smaller periods /
trader class and 30,35,40,45,50 and 60 for the larger
investor class]

But he never seemed to emphasize compression...
just the behavior of the two groups as they interact
with each other. Your chart shows them crossing over
and mine are compressing so we have different MAs.
That would have been a good entry trading off of a
1m chart. Currently still seems undecided which way
it wants to break.

Dr. D.
Attached Image
  • #248,478
  • Aug 25, 2010 1:25am Aug 25, 2010 1:25am
Looks like she 's compressing again for release to the upside
  • #248,479
  • Aug 25, 2010 1:30am Aug 25, 2010 1:30am
Quoting joemiami
Would someone please reach over and pinch this girl in the arse so she'll get moving?
frankie they wil have you in and out this pair so much on a 1 min that you will lose 100 pip in 30 min , then once london opens the real trend will show direction , by which time your trading psychology will have been destroyed by your losses...

let me show you a 15 ... then decide

wedge like this is a bearish continuation pattern in a downtrend

also fact that we had an upthrust 3 x 15 min candles back adds to bearish case , at least till 1.5380

Attached Image (click to enlarge)
Click to Enlarge Name: chart2739.png Size: 233 KB
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  • #248,480
  • Aug 25, 2010 1:32am Aug 25, 2010 1:32am
I got stopped out AGAIN....
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