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Cable Update (GBPUSD)

  • #252,121
  • Sep 10, 2010 3:42am Sep 10, 2010 3:42am
Quoting cloggie
Why don't you wait and see to make sure the DP holds first? Am expecting at least a test of it here.

Here it comes. I love it when a plan comes together.
  • #252,122
  • Sep 10, 2010 3:48am Sep 10, 2010 3:48am
Where is the daily pivot today?
  • #252,123
  • Sep 10, 2010 3:49am Sep 10, 2010 3:49am
Quoting monkey@forex
Where is the daily pivot today?

1.5424 on my charts
  • #252,124
  • Sep 10, 2010 3:50am Sep 10, 2010 3:50am
Quoting monkey@forex
Where is the daily pivot today?

Based on London trading hours, what I use, 54246
  • #252,125
  • Sep 10, 2010 3:50am Sep 10, 2010 3:50am
Quoting zigizum
SHI?
http://forex.eazel.com/2006/06/29/sh...nel-indicator/
Will be off soon......but ready to answer your questions on Monday
Non licet omnibus adire Corinthum
  • #252,126
  • Sep 10, 2010 3:52am Sep 10, 2010 3:52am
I tried your suggestion in past trades, they made good pips..
But, it's just very very noisy, you know, kind of mixed here and there...
What's very important of the very short term chart anyway cloggie? Would you mind let me learn from you?

Quoting cloggie
But if you use the 1HR as your signal, don't you scale down to finetune your entry? I do, a signal on the H1, needs an entry on the M5/15 for me.
  • #252,127
  • Sep 10, 2010 3:52am Sep 10, 2010 3:52am
Quoting cloggie
am expecting a range to form now from 5457-DP, either break will set up a further trade.
Cable sure is predictable today, range is forming nicely as anticipated.
  • #252,128
  • Sep 10, 2010 3:54am Sep 10, 2010 3:54am
Quoting javajames
http://forex.eazel.com/2006/06/29/sh...nel-indicator/
Will be off soon......but ready to answer your questions on Monday
http://www.forexfactory.com/showpost...stcount=252119
not euphoria follower
  • #252,129
  • Sep 10, 2010 3:55am Sep 10, 2010 3:55am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting javajames
http://forex.eazel.com/2006/06/29/sh...nel-indicator/
Will be off soon......but ready to answer your questions on Monday

thanks mate,

nice sunny weekend to you..
  • #252,130
  • Sep 10, 2010 3:55am Sep 10, 2010 3:55am
Quoting tetis
pending order sell 1.54350
how is your pending ? is it fine ?
not euphoria follower
  • #252,131
  • Sep 10, 2010 3:56am Sep 10, 2010 3:56am
Quoting cloggie
Cable sure is predictable today, range is forming nicely as anticipated.
looks like you have a crystal ball there
Don't be a hero. Don't have an ego. Always question yourself
  • #252,132
  • Sep 10, 2010 3:56am Sep 10, 2010 3:56am
Quoting cloggie
Cable sure is predictable today, range is forming nicely as anticipated.
Do you find that entry off the break out and retest of the LO range is a good strategy Cloggie?
  • #252,133
  • Sep 10, 2010 3:57am Sep 10, 2010 3:57am
Quoting Sutts
Do you find that entry off the break out and retest of the LO range is a good strategy Cloggie?
Yes it is a pretty safe way of trading the LO and a good way of starting to formulate a break setup. Throw in a MA and some good pattern recognition and you have a decent LO strategy.
  • #252,134
  • Sep 10, 2010 3:59am Sep 10, 2010 3:59am
Quoting cloggie
Yes it is a pretty safe way of trading the LO and a good way of starting to formulate a break setup.
Thanks, I've got todays range top as 1.54608 so I'll see if we get a bounce off that. Hopefully by then oil and stocks will be broken through the resistance levels.
  • #252,135
  • Sep 10, 2010 4:00am Sep 10, 2010 4:00am
Interesting discussion re pivot point. Calculated pivots like standard 'floor' pivots as the name suggests are more widely used in exchange traded markets where there is an official open/close...unlike forex where these can be subjective due to the interbank non exchange 24hr nature of the market. There are also so may variations, from the sandard floor pivots most commonly used to the woodie, demark and camarilla etc...

Look at price action today, it has breeched the Daily pivot twice as though it were not there. For me I do not use them as main potential support/resistance factors but like in the case below price pulled back to the previous 1hr swing hi (potential rbs) confluence with 38.2% fib of the current intraday low - current intraday hi ...where the daily pivot point happened to be ...they can be useful confluence...but it is my assertion that demand was found here more as a result of the 2 other factors I have mentioned above. At that point a 5min hidden divergence based re-entry to next t/f upmove/trend after the pullbacvk developed with a great 5min hammer trigger.

G/L

http://www.easy-upload.net/fichiers/...0910105835.gif

http://www.easy-upload.net/fichiers/z.2010910105853.gif
ex member
  • #252,136
  • Sep 10, 2010 4:00am Sep 10, 2010 4:00am
Quoting USD-Bear
looks like you have a crystal ball there

Nothing special, just an obvious place for an area of consolidation on the London break.
  • #252,137
  • Sep 10, 2010 4:01am Sep 10, 2010 4:01am
Should get a bounce off 15475.... 4th attempt
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  • #252,138
  • Sep 10, 2010 4:01am Sep 10, 2010 4:01am
gbpusd 1h chart Elliott wave
Attached Image (click to enlarge)
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  • #252,139
  • Sep 10, 2010 4:02am Sep 10, 2010 4:02am
Quoting javajames
http://forex.eazel.com/2006/06/29/sh...nel-indicator/
Will be off soon......but ready to answer your questions on Monday
java

i dunno setting of your kumo... but if we use standard kumo for daily... we're still above kumo. what i know kumo is good for larger tf such us daily or weekly. yes there is ts/ks crossing.... but u know.. if ts/ks crossing is still above kumo... it means weak bearish. and shi channel also is trending UP

then why u sell ? i agree if u sell for scalp but for trade... i dont think so ....
not euphoria follower
  • #252,140
  • Sep 10, 2010 4:04am Sep 10, 2010 4:04am
Does anyone else think that 1H dollar index demand level looks scary for a GU long play?
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