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Cable Update (GBPUSD)

  • #252,141
  • Sep 10, 2010 4:07am Sep 10, 2010 4:07am
Quoting cloggie
Not always, but roughly 80% of the time or so, you need to look for a good pattern break and then the success rate goes up tremendously. London has to go somewhere, they collect orders all night long and the majority of the world's business starts at London Open, so yes there are always good breaks to be found, I tend to make my biggest trades of the day on the LO, the rest is just gravy.

Much appreciated!
  • #252,142
  • Sep 10, 2010 4:12am Sep 10, 2010 4:12am
Oil's punched through the resistance and heading for cloggie's 76 key level
  • #252,143
  • Sep 10, 2010 4:13am Sep 10, 2010 4:13am
Quoting cloggie
Cable sure is predictable today, range is forming nicely as anticipated.
Hi Cloggie,

I was wondering how you avoid false breaks of a range

At present the barrier is your ass level at 5456. On what basis would you enter a new long trade

Many thanks for all your help
  • #252,144
  • Sep 10, 2010 4:19am Sep 10, 2010 4:19am
Hi Cloggie,

Do you think is possible a 1.6000 retest?
  • #252,145
  • Sep 10, 2010 4:19am Sep 10, 2010 4:19am
Quoting iqyu5an
http://www.forexfactory.com/showpost...stcount=252119
I use this one
Attached File(s)
File Type: mq4 SHI_Channel_true_fixed.mq4   6 KB | 351 downloads
Non licet omnibus adire Corinthum
  • #252,146
  • Sep 10, 2010 4:20am Sep 10, 2010 4:20am
Quoting Temps
Should get a bounce off 15475.... 4th attempt
the more it tries, the weaker it becomes imo......
Don't be a hero. Don't have an ego. Always question yourself
  • #252,147
  • Sep 10, 2010 4:23am Sep 10, 2010 4:23am
Quoting javajames
I use this one
i already checked it... not much different.

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
  • #252,148
  • Sep 10, 2010 4:26am Sep 10, 2010 4:26am
That dollar index demand level is capping things for now.
  • #252,149
  • Sep 10, 2010 4:27am Sep 10, 2010 4:27am
Quoting USD-Bear
the more it tries, the weaker it becomes imo......
Possibly if price hangs around the resistance/support... but it has been strongly rejected by more than 100 pips on previous attempts.
  • #252,150
  • Sep 10, 2010 4:28am Sep 10, 2010 4:28am
Quoting USD-Bear
the more it tries, the weaker it becomes imo......
I don't know but, isn't it the more it resists the more valid a resistance it becomes and the stronger it gets?

More people notice that area and add their TP's there and more people also add their shorts there ??

As I said I don't know and would welcome further comment !!
  • #252,151
  • Sep 10, 2010 4:28am Sep 10, 2010 4:28am
Quoting javajames
http://forex.eazel.com/2006/06/29/sh...nel-indicator/
Will be off soon......but ready to answer your questions on Monday
I saw you said you have 16 years market experience. If you don't mind me asking. Why do you depend on so many indicators? I'm not doubting what you say, I'm just curious what advantage there is to have so many things on your chart.

During my evolution as a trader, my charts have continually become much simpler, so I'm always curious to hear altering viewpoints on charting.

I know you said you do your analysis on higher TFs. imho, I think it would be more interesting if you shared those charts here versus the lower time frame indicator charts.

Cheers
  • #252,152
  • Sep 10, 2010 4:29am Sep 10, 2010 4:29am
Quoting Temps
Possibly if price hangs around the resistance/support... but it has been strongly rejected by more than 100 pips on previous attempts.
and if once that "100 pips" broken.... what is gonna happened ?
not euphoria follower
  • #252,153
  • Sep 10, 2010 4:29am Sep 10, 2010 4:29am
Quoting USD-Bear
the more it tries, the weaker it becomes imo......
agree, and often we will see the break on 4th attempt
  • #252,154
  • Sep 10, 2010 4:30am Sep 10, 2010 4:30am
Quoting Temps
Possibly if price hangs around the resistance/support... but it has been strongly rejected by more than 100 pips on previous attempts.
That's true
Don't be a hero. Don't have an ego. Always question yourself
  • #252,155
  • Sep 10, 2010 4:32am Sep 10, 2010 4:32am
Quoting iqyu5an
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 ....
I already answered that question.....on last Friday

I use H4 for decision-making:
1) trend is bearish
2) PA stays below kumo....I need a bar OPENING above kumo to change my mind
3) I'll stay bearish as long as I won't see a yellow dot 3 below last brown one

Hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: saisie_chart.gif Size: 36 KB
Non licet omnibus adire Corinthum
  • #252,156
  • Sep 10, 2010 4:34am Sep 10, 2010 4:34am
Quoting Fudomyo
I saw you said you have 16 years market experience. If you don't mind me asking. Why do you depend on so many indicators? I'm not doubting what you say, I'm just curious what advantage there is to have so many things on your chart.

During my evolution as a trader, my charts have continually become much simpler, so I'm always curious to hear altering viewpoints on charting.

I know you said you do your analysis on higher TFs. imho, I think it would be more interesting if you shared those charts here versus the lower time frame indicator charts....
i agree ..
  • #252,157
  • Sep 10, 2010 4:35am Sep 10, 2010 4:35am
Quoting cloggie
I covered my trades earlier, as I posted, and am expecting a range to form now from 5457-DP, either break will set up a further trade.

Today may well be the first day that Cable acts pretty normal again after the summer, volumes are still thin on the equity side though this week and may pick up again next week. I expect a "normal" cable day to have a break on the open for about 80-120 pips, consolidate and then give us the second move.
Cloggie,

Forgive me! I know you've covered this several times, but... is "the open" the London open 0800GMT or is it 0700GMT (Euro open)?
  • #252,158
  • Sep 10, 2010 4:35am Sep 10, 2010 4:35am
Quoting javajames
I already answered that question.....on last Friday

I use H4 for decision-making:
1) trend is bearish
2) PA stays below kumo....I need a bar OPENING above kumo to change my mind
3) I'll stay bearish as long as I won't see a yellow dot 3 below last brown one

Hope it helps
what i know kumo better in larger tf such as daily or weekly for trading. but u use 4H.... ok i understand u use it for scalping
not euphoria follower
  • #252,159
  • Sep 10, 2010 4:36am Sep 10, 2010 4:36am
Quoting javajames
I already answered that question.....on last Friday

I use H4 for decision-making:
1) trend is bearish
2) PA stays below kumo....I need a bar OPENING above kumo to change my mind
3) I'll stay bearish as long as I won't see a yellow dot 3 below last brown one

Hope it helps

Do the coloured dots represent fractals from different T/Fs Java?
Thanks
  • #252,160
  • Sep 10, 2010 4:36am Sep 10, 2010 4:36am
Quoting Dayboy001
I don't know but, isn't it the more it resists the more valid a resistance it becomes and the stronger it gets?

More people notice that area and add their TP's there and more people also add their shorts there ??

As I said I don't know and would welcome further comment !!
That's not my experience, imo most strong is 1 large peak and then strong action, if you think of demand/supply flows it becomes more clear
Don't be a hero. Don't have an ego. Always question yourself
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