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Cable Update (GBPUSD)

  • #249,401
  • Aug 27, 2010 11:01am Aug 27, 2010 11:01am
Quoting cloggie
Put a smiley at the end of it next time eh?
I find it spoils it if you make it really obvious.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,402
  • Aug 27, 2010 11:02am Aug 27, 2010 11:02am
Quoting autopips
I find it spoils it if you make it really obvious.

You are right, I just have a really hard time with idiots like scipionz. It just is not very clever to claim a retrace on a post he made 15 hours ago when in effect it was a retrace caused by the workings of the market that started over a 100 years ago.
  • #249,403
  • Aug 27, 2010 11:03am Aug 27, 2010 11:03am
Quoting autopips
I'm with you man. That was a purely technical move and you nailed it. Nothing to do with being the last Friday of the month. Cloggie must have a truly enormous nose, he's so full of it. Where do you reckon it's heading next?

P.S. I love your maniacal laughter. Muhahahahaaahaaaaa.


I am on my toes.
I expect 1.5510/30 but we need to clear 1.5530/1.5550 area first.
Seems like a hard job!

Closing 1h/4h bars under 1.5465 will cause Sterling death...

Wish you the best mister!
Respect to the one that respect others... even in fault an doubts!

Cya!
"Flip that coin!"
  • #249,404
  • Aug 27, 2010 11:06am Aug 27, 2010 11:06am
Quoting cloggie
Look back over the last 30 pages or so, every noob here was buying this, exception Wormy, BBakker, Magix, AMS, I and a few others.

Ah well, another week where 90% were on the wrong side of the market.
Hello everybody.
So, I don't know how to be..

it' so pity... all my 3 days old sells seem to be in loss very soon



*I could close all orders and go to buy from 5450

but I told myself that it's better to risk and wait

so (( I left them run. will see.. (


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  • #249,405
  • Aug 27, 2010 11:07am Aug 27, 2010 11:07am
Quoting cloggie
You are right, I just have a really hard time with idiots like scipionz. It just is not very clever to claim a retrace on a post he made 15 hours ago when in effect it was a retrace caused by the workings of the market starting 100 years ago.
I know, but it is funny. I was hoping he might take the bait and post his views on where we are headed next so I could have done the opposite. Still, he ended up digging himself out of his bad position, so he probably feels properly justified now. Brings a whole new meaning to "TFI Friday".

You weren't upset by the nose comment, were you?
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,406
  • Aug 27, 2010 11:08am Aug 27, 2010 11:08am
Quoting autopips
You weren't upset by the nose comment, were you?

Not at all. Just can't stand utter fools that have no clue at all about trading and once they get lucky try to take credit for it with an irrelevant technical view.

I just pity him really, just another noobie playing with a demo account. But calling him out at least shows the others here not to follow his analysis, about as useful as a chocolate teacup.
  • #249,407
  • Aug 27, 2010 11:10am Aug 27, 2010 11:10am
Quoting fxoxford
trend is still long at the moment untill this change i will hold my long from 1.5390, see chart below
close the other hlf of my long at 1.5530, another good week, good luck on those shorts im flat, lets see whats next week brings
  • #249,408
  • Aug 27, 2010 11:16am Aug 27, 2010 11:16am
Quoting cloggie
Not at all. Just can't stand utter fools that have no clue at all about trading and once they get lucky try to take credit for it with an irrelevant technical view.

I just pity him really, just another noobie playing with a demo account. But calling him out at least shows the others here not to follow his analysis, about as useful as a chocolate teacup.

HELLO CLOGGIE .

have you maybe an idea where GU is heading next and if today will be some action to the downside.

i m short and like to close my postions before the weekend there is news in the weekend and it can open with gaps ..

Thanks,

Yoenes
  • #249,409
  • Aug 27, 2010 11:22am Aug 27, 2010 11:22am
Quoting Yoenes
HELLO CLOGGIE .

have you maybe an idea where GU is heading next and if today will be some action to the downside.

i m short and like to close my postions before the weekend there is news in the weekend and it can open with gaps ..

Thanks,

Yoenes
there was realy no action to the downside unless you was shooting for 30 pips, other then that taking a long around 1,5450 and ride it back up to the 1.550 area would got you more pips. shorts was never in play today just for some small pips
  • #249,410
  • Aug 27, 2010 11:23am Aug 27, 2010 11:23am
Quoting Delite
Dr D

Are you around this morning?

Your compression waves through the various time frames are very interesting. Just a quick question - what do you use for entry? PA? Or a crossover of the EMAs?

Thanks in advance?
Excuse me for being picky here with the various use of terms... as we all have our own interpretations. However, I think
you are mixing messages and terms. Someone else was talking earlier about the crossover of the EMAs “giving direction”
to compression patterns. I questioned this and asked him to show how a chart that is in full compression could give direction.
He talked about very small periods of EMAs such as 1,2,3,4 and looking for crossovers. I think we might have been talking
about different chart conditions. In my view, there are no crossovers when a chart is in full compression since all of the EMAs
are stacked so tightly together they are indistinguishable… that being the perfect condition. Also, there are no waves when a
chart is in the compression phase… not in a visual sense. Once I did mentioned simply that lower tfs build higher tfs, using the
example of smaller ‘waves’ building larger as they transferring their energy up to the higher tfs producing larger magnitudes of
price movements.

So putting all terms aside….(lol) I may use the term, compression patterns as a general condition which includes all of the
various phases of EMA gathering, compressing, separating, expanding, forming a bubble, collapsing in exhaustion and then
reforming as they converge again… other times, I might refer to a ‘compression pattern’ that is strictly the compression
phase with all or most of the EMAs in their tightest configuration.

Looking at the charts for ENTRY:

I don’t have a particular ‘preferred tf’. I like to look for a compression pattern forming on any timeframe. This becomes my
FOUNDATION. I search through all of the tf’s… even some ‘second’ charts. On several monitors I have 5 different tfs displaying
second charts (5sec, 15sec, 30sec, 90sec, 180sec) ENSIGN… and 6 with either IBFX or ALPARI (1m, 5m, 15m, 30m, 60, 4h
[and off screen, daily, weekly, monthly]). Once I find a pattern forming in the middle tfs I’ll call this my FOUNDATION. I then
drill down to lower tf’s looking for congruency… to see if another lower tf is also developing with the EMAs gathering and
preferably in a more mature stage and ready to release. I’ll call this my ENTRY. I may often occurs giving much better
entry prices but it might also produce fakeout and a greater amount of choppiness. Scattered throughout, the whole array
of charts will often be in different phases of the cycles or may even be out of phase such as one chart in tight compression
and another at the furthest extreme in the bubble (expansion) stage of exhaustion with all of the EMAs widely separated and
another just beginning to separate and expand. I’ll pay attention to these particular charts if they are in sync and agreement
on the same direction. Often a higher tf might be going into a retracement or consolidation pause with the price pulling back
such as seen when the bubble collapses. A middle tf may also be releasing from its compression with the EMA aiming in an
opposite direction from the larger trend. Taking this would be considered a counter trend trade.

EXITS could come from observing the EMAs reaching points of exhaustion and collapse or from PA or any other tools such as
well respected fibo, tls, pivots or camarilla lines.

All I really need is three charts for an ideal setup. A FOUNDATION middle tf that has a tight compression forming, an immediate
higher COMMITTED tf that is already in a firm trend direction, and an immediate lower ENTRY tf that has just released from
its compression stage and is opening up with the EMAs separating. I often will wait on the lower tf to move sufficiently to pull
the foundation tf out of the compression pattern into its own committed direction in order to avoid the noise and fakeouts.
You could also find an ENTRY simply by waiting on the FOUNDATION chart to release from compression and then pull back for
another entry at a better price without any consideration of a higher COMMITTED tf for an established trend and treat the
trade as a scalp for smaller pip totals. So, all three phases could be contained within one tf chart. Finally, the visual effect of the
9 EMAs simplifies my view of the various tf charts. An instant glance helps me isolate the three phases of charts… ENTRY,
FOUNDATION and COMMITTED higher time frames… or just tells me there is nothing in sync worth trading.

It is interesting, that once a ‘foundation’ has broken from it’s compression phase the same chart can then serve as a ‘committed’
phase higher tf chart and as it reaches some point of exhaustion for a pull back the previous ‘entry’ tf chart then can become a
new ‘foundation’ should those EMAs gather sufficiently into a new compression… and thus the cycle has completed it purpose and
can possibly begins once again, though another lower tf might have to be located that can serve as an ‘entry’ chart... or thing
might all become out of phase and the cycle ends.

I’ve said from the beginning, to reduce the critics, these patterns are only tools and might serve as useful signals for locating
large pip potentials (per tf). They don’t give direction when viewing a single chart in its tightest compression stage… but they
reduce the screen time for locating optimal opportunities. They might be combined with your own comfortable method
or when used across multiple tfs, the C-patterns in their various stages along with PA could serve as a stand alone method.
Test it and see. Then throw in a fib, a tl and the pivot and camarilla lines as well respected zones and targets.

Hope this helps. It’s how I view things.

Dr. D.
  • #249,411
  • Aug 27, 2010 11:27am Aug 27, 2010 11:27am
Quoting Scipionz
Muahahhh!
You make me laugh, but I'm also tired about you and your big nose.

You are so full of pretention..... its stinks.

Why then you haven't take the call if its THAT typical... LOL!
The PROPER headsup.... like if you know it all, as about the hedging subject last time.
( I can't call it hedging, its multy stat stragtegy... tssss).

-----------------------

You asked yesterday why ppl were long like they were stupid.
I did answer you propely and you tough I was ridiculising you.

Now... 15 hrs later we are were I tough it...
good post, some people have big EGO'S and wants everyone to be wrong and think they are the one and only guru.
  • #249,412
  • Aug 27, 2010 11:29am Aug 27, 2010 11:29am
Thanks for sharing

I don't see how correlation is confirming your entry decision. Usually there's a lead pair which often determines the price action of the pairs that are correlating with it. So it's helpful to know that pair's support or resistance areas to better gauge your target profit areas, or whether not to enter a trade based on where price is in relation to these areas. But the correlation itself doesn't create the trigger for trade entry.

It sounds like you are entering when you see price move in a direction. That can work sometimes, and sometimes it doesn't.

It's always good to watch the relationship between different instruments. Perhaps if you add support and resistance and some trendline analysis to how you're watching price move, it will help you confirm your entries and give you targets that are price based rather than time based. (a lot can happen in 15 minutes! ...lol)

Anyway, a good book to start with is Martin Pring "On Price Patterns" It will give you some solid tools to add to your trading.

best of luck and have a great weekend.



Quoting AdrianHNV
By using the three hourly charts and also corresponding 5 minute charts for each of the pairs. On the following currency pairs:

USD/CHF...
  • #249,413
  • Aug 27, 2010 11:31am Aug 27, 2010 11:31am
Quoting fxoxford
there was realy no action to the downside unless you was shooting for 30 pips, other then that taking a long around 1,5450 and ride it back up to the 1.550 area would got you more pips. shorts was never in play today just for some small pips

Oke bother way thanks for your replay

this short was from few days a go but now im in .

i like to get out at breakeven.

but i dont no if it comes back.

Thanks,

Yoenes
  • #249,414
  • Aug 27, 2010 11:34am Aug 27, 2010 11:34am
Quoting Yoenes
Oke bother way thanks for your replay

this short was from few days a go but now im in .

i like to get out at breakeven.

but i dont no if it comes back.

Thanks,

Yoenes
i don't know what area you shorted at but i won't hold no trades over the weekend, i hope you get out at break even or better. good luck
  • #249,415
  • Aug 27, 2010 11:35am Aug 27, 2010 11:35am
Quoting fxoxford
good post, some people have big EGO'S and wants everyone to be wrong and think they are the one and only guru.
Big fish in a little pond perhaps!!

Anyway, now that I have signed my own death warrant, have a good weekend!
  • #249,416
  • Edited 11:43am Aug 27, 2010 11:36am | Edited 11:43am
Quoting Scipionz
LOL, you did call this 82 pips call a month ago?!?!
Muahhahahhha!

Witch hole? Im DAM positiv this month, around 25%.
I see no hole.... but I see 1.5522, hehe!

And can't I show my ignorance, this mean that you will diss me?!?
Aren't here to learn you said before?! Tsss....

Ok, you get the ignore iggy list award!
Cya.....

-------------------------

Good week- end all!
Sorry for this!

Later!
Congrats Scipionz ! That big-talk is on my Iggy List too. I don't care who knows how to trade or not - I care who has manners and who does not have them. I believe that Forums are for discussion not for wanna-be teachers to start teaching - there are other places for this, like Newbei Corner etc. Besides other things, he gets inferiority complex at the sight of Big Swinging Dicks as he calls them: I am friendly with one - so he put both of us on Iggy and I replied in 15 mins with my IGGY and advertised it well. I do not lose anything. In fact this has cleaned up my Forum space - more than 100 posts a day used to clutter up - you only see this fellow's posts. Since, I trade my set-ups, I do not need his meddling !
If others do like you and me, he will get his come-uppance.

I have the interest of Newbies in mind, the best way is for them to bone up on some theory first and then learn from the Posts - even copy successful traders since they need to make money but getting jumped on has upset many.
Well, enough said !
Regards to All.
  • #249,417
  • Aug 27, 2010 11:36am Aug 27, 2010 11:36am
Quoting fxoxford
i don't know what area you shorted at but i won't hold no trades over the weekend, i hope you get out at break even or better. good luck

bother way thanks for your replay.


Yoenes
  • #249,418
  • Aug 27, 2010 11:37am Aug 27, 2010 11:37am
looking for an entry around here 1.5508 to get long but I'm cautious since we haven't broken or even tested the high from 23rd August
  • #249,419
  • Aug 27, 2010 11:38am Aug 27, 2010 11:38am
Quoting david777
Big fish in a little pond perhaps!!

Anyway, now that I have signed my own death warrant, have a good weekend!
i say little fish in a big pond , any way you have a good weekend
  • #249,420
  • Aug 27, 2010 11:40am Aug 27, 2010 11:40am
Quoting fxoxford
good post, some people have big EGO'S and wants everyone to be wrong and think they are the one and only guru.
Thx!

I'm not here to fight whit peeps.
In fact, this is the exact opposite.

If I am wrong, I am wrong, no need to get upset whit that.
Its trading...

But I won't get annoyed whit the "mister know it all" that need groopies to make him feel he's right while maby he is not.

It's all matter of attitude, dosen't matter if your are right wrong, maing millions or behing on demo.

Now I just don't care and do my thing.
Later my friend!
"Flip that coin!"
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