Cable Update (GBPUSD) | Page 12429 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #248,561
  • Aug 25, 2010 4:28am Aug 25, 2010 4:28am
Quoting cvarnado
Just to clarify you say collapse as short.
No, collapse refers to the final stage of a bubble pattern which
has developed after the EMAs separate, expand further apart and
then eventually reach a stage of exhaustion and finally collapse
back together. That direction of price movement will be
opposite of the initial release from the compression pattern.

On any other chart some would simply describe this as a
retracement or consolidation.

Dr. D.
  • #248,562
  • Aug 25, 2010 4:31am Aug 25, 2010 4:31am
Quoting digger1
Well traders have been a seller once today and a buyer once , sold the days pivot point and reversed near new york rollover and went long , took most profits near the highs as it was last weeks low area , watching to see if we bounce from the london session open price of 1.5419 , if we bounce from there tgts are as on chart , if we take out the rollover level I will then look to short , should soon know which direction london is going to take us cheers all Attachment
Why do you have to make it so s i m p l e ? Buyers and Sellers.. LOL

Dr. D.
  • #248,563
  • Aug 25, 2010 4:32am Aug 25, 2010 4:32am
It seems that the price will touch the point MID POINT 1.5452, when translucent, then the price will try to reach the point R1 1.5479, if it fails then most likely the price will reverse direction toward S1.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_tf15.gif Size: 20 KB
  • #248,564
  • Aug 25, 2010 4:34am Aug 25, 2010 4:34am
Descending triangle on 5 min...and down she goes!
Attached Image
  • #248,565
  • Aug 25, 2010 4:38am Aug 25, 2010 4:38am
We definitely going to see new lows today after U.S, data comes out this morning....
  • #248,566
  • Aug 25, 2010 4:38am Aug 25, 2010 4:38am
Quoting fourxtrader
Why do you have to make it so s i m p l e ? Buyers and Sellers.. LOL

Dr. D.
lol, only thing that makes a mkt move doc , thats it nothing more nothing less ha ha, I am enjoying your explanations tho , sounds much more impressive lol
  • #248,567
  • Aug 25, 2010 4:41am Aug 25, 2010 4:41am
Quoting joemiami
We definitely going to see new lows today after U.S, data comes out this morning....
Agree we should go down towards 1,5460...shorting rallies is the key
same thing goes for eurusd...double top...rejected..1.2500 in the way
But the news might again spike up so we can short higher
COT: The precious data ignored
  • #248,568
  • Aug 25, 2010 4:43am Aug 25, 2010 4:43am
Here we go again. EMAs gather... compress... release....

It's all so simple.... except for the direction. LOL

Dr. D.
Attached Image
  • #248,569
  • Aug 25, 2010 4:43am Aug 25, 2010 4:43am
Quoting Fudomyo
Hey Matt,

Looking for love in all the wrong places? rofl

everything's good. trading the tiny range on Dragon today.

hopefully NY will move GU properly.

All the best to you too!
Are we through with London?

BTW I look to short today only below 5400 area. Looks like I'll go for 30pip/trade today.

Peace
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #248,570
  • Aug 25, 2010 4:48am Aug 25, 2010 4:48am
closed my shorts for now +20, she playing the compression game now...AGAIN

I will short her again as she hits the top of triangle...its PIPPING DAY TODAY EVERYONE !!
Attached Image
  • #248,571
  • Aug 25, 2010 4:50am Aug 25, 2010 4:50am
Quoting Delite
Hello Dr D

This looks really intriguing.
What intrigues me is not only watching compression patterns form
on a given tf and subsequently release almost violently and vertically
in a particular direction ... it's seeing these formations assist in
the transfer of energy to higher tfs allowing their patterns to mature
producing even larger movements... like waves building and collecting
their energies into a tsunami.

Dr. D.
  • #248,572
  • Aug 25, 2010 5:10am Aug 25, 2010 5:10am
Quoting kuroro001
Agree we should go down towards 1,5460...shorting rallies is the key
same thing goes for eurusd...double top...rejected..1.2500 in the way
But the news might again spike up so we can short higher
If she does move up, I expect her to do it before the news comes out in preparation for the final plunge down into the abyss
  • #248,573
  • Aug 25, 2010 5:11am Aug 25, 2010 5:11am
Is it a bull... is it a bear... no it is a hippo... which lies around in the mud doing little for a lot of the time but whose occasional bouts of activity can surprise people
  • #248,574
  • Aug 25, 2010 5:11am Aug 25, 2010 5:11am
Ireland downgraded by SnP to AA-
  • #248,575
  • Aug 25, 2010 5:12am Aug 25, 2010 5:12am
Quoting bbakker
Is it a bull... is it a bear... no it is a hippo... which lies around in the mud doing little for a lot of the time but whose occasional bouts of activity can surprise people

I like that, a muddy hippo trying to shoehorn itself into an ever narrowing wedge. I use the analogy of corralling a herd, but I like the hippo in the mud
  • #248,576
  • Aug 25, 2010 5:13am Aug 25, 2010 5:13am
Quoting joemiami
If she does move up, I expect her to do it before the news comes out in preparation for the final plunge down into the abyss
Stop guessing. It will get you killed.
  • #248,577
  • Aug 25, 2010 5:22am Aug 25, 2010 5:22am
another morning of account killing

not mine though... looking for short (risk aversion) as i expect the us numbers to be terrible!

that said, never know how the market gonna react!
@pawpaw1000 on Twitter
  • #248,578
  • Aug 25, 2010 5:23am Aug 25, 2010 5:23am
Quoting ukdaytrader
Stop guessing. It will get you killed.
Nothing wrong with a lil guess here and there to "kill some time".. just make sure not act on it
  • #248,579
  • Aug 25, 2010 5:26am Aug 25, 2010 5:26am
Quoting joemiami
Nothing wrong with a lil guess here and there to "kill some time".. just make sure not act on it
Agree. It is like a brain exercise, and a good way to look at the same thing from the different angle.
  • #248,580
  • Aug 25, 2010 5:29am Aug 25, 2010 5:29am
1min, 5 min, 15 min, 30 min, 1 hour, 4 hour, daily - 200 ema all compressed in a tight spot, this is ripe for a 500 pip breakout I will prefer to wait.

daily7 200 ema has held out as an excellent support this week so far.

1.4226 to 1.5997 move had a 38.2% retrace level at 1.5320, and the max we went down so far was the 200 ema, so I expect a minor consolidation here, but if it breaks both levels then like Malcolm14 said, this could be targeting 1.50 or 1.49 the next 500 block

comments please, have I read the market correctly ?
462 traders viewing now, 2 are registered:
Mitiblotch
,
eddiebary