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Cable Update (GBPUSD)

  • #255,661
  • Sep 24, 2010 1:59am Sep 24, 2010 1:59am
23.6% 5296- 5741 (not shown below) with 76.4% 5609- same 5741 yesterday Hi (from y/day lo) is where price has pulled back to off that Hi...the 1hr screenshot is below...

G/L

http://www.easy-upload.net/fichiers/z.201092485915.gif
ex member
  • #255,662
  • Sep 24, 2010 1:59am Sep 24, 2010 1:59am
Quoting scurt
looks like we are allways on the other side...

anyway wish you good luck
Ah!I may only be on the other side for 20 or so!
  • #255,663
  • Sep 24, 2010 2:00am Sep 24, 2010 2:00am
Quoting The Captain
Make sure you have a tight stop on the other side of that trendline!
Got my travel insurance,thanks Captain!
  • #255,664
  • Sep 24, 2010 2:00am Sep 24, 2010 2:00am
Sellers defending but buyers are persistent, be cautious.
Cap
  • #255,665
  • Sep 24, 2010 2:01am Sep 24, 2010 2:01am
Crazy PA
  • #255,666
  • Sep 24, 2010 2:02am Sep 24, 2010 2:02am
Quoting Magix
Items on the chart...

Yes.

Full indie sets and tpl HERE.
Magix, these hourly candles are they in one off the templates ? Must reload because i have all 3 off them and i dont get them.
You really are trading from the EMA 200 as S-entry/R-exit. But how do you determine if the EMA gets broken or not, because more than once price bounces off like a cat off an electric wire (or whatever Cloggie call it); so more than once i have missed the train, step in lately and fall back too earth when the trade goes against me, frequently on the smaller timeframes (1/5).
And last, i have more than often read these post about rollover, i will reread them again, but still its not clear too me. But maybe i am not the only one......
Thanks for your charts and posts, love them. Keep up the good work, all off you seniors out there. Have a nice pipping day !
  • #255,667
  • Sep 24, 2010 2:02am Sep 24, 2010 2:02am
Sellers are winning!
Cap
  • #255,668
  • Sep 24, 2010 2:03am Sep 24, 2010 2:03am
hi everybody, i want to share u what i see.... the chart seems forming a very nice elliot wave pattern.and now the price seems to form 4th wave of 3rd bigger wave.if 4th wave make HL i guess she will be heading to 5/3(bigger wave).what do you think guys?

Attached Image (click to enlarge)
Click to Enlarge Name: 24 sept 2010.gif Size: 20 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,669
  • Sep 24, 2010 2:05am Sep 24, 2010 2:05am
Quoting The Captain
Sellers defending but buyers are persistent, be cautious.
Bears got them suprised. Did you get in?
  • #255,670
  • Sep 24, 2010 2:05am Sep 24, 2010 2:05am
Quoting The Captain
Sellers defending but buyers are persistent, be cautious.
Just Comment "
Sellers try to b smart but bulls in control and know what they do"
  • #255,671
  • Sep 24, 2010 2:06am Sep 24, 2010 2:06am
my SL got hit again. Damn
  • #255,672
  • Sep 24, 2010 2:06am Sep 24, 2010 2:06am
Buyers came in hard with a vengence!
Cap
  • #255,673
  • Sep 24, 2010 2:06am Sep 24, 2010 2:06am
not yet, now sellers have 200EMA on their side on 5M TF it will take a few minutes if it go through, and uppersloping TL which we broke on 1H TF, but I am expecting that on 4H candle close will be above...

trend is your friend

EDIT: BTW: on EURGBP DP is still in safe... looks pound will take some gains... this should support upmove on cable

Quoting The Captain
Sellers are winning!
  • #255,674
  • Sep 24, 2010 2:06am Sep 24, 2010 2:06am
Quoting The Captain
Sellers are winning!
D'OH!
  • #255,675
  • Sep 24, 2010 2:09am Sep 24, 2010 2:09am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Hello bro
how you doing..

well i m feeling like it will touch 1 hour 200 ema if h4 doesnot close above 15730... everyone is buying.. they have to take out weak long i guess..

Good luck

Regards

Good day bro.
it touched 200 ema on 30 minutes + bullish gartley on 1 hour.
Time to fly i guess

Good luck
  • #255,676
  • Sep 24, 2010 2:10am Sep 24, 2010 2:10am
Let's wait for the new resistance to form up
  • #255,677
  • Sep 24, 2010 2:10am Sep 24, 2010 2:10am
like now we had a break off the EMA 200 on the M15 and price found S on the EMA 200 off the M30, how do you see the break on the 15 ?
  • #255,678
  • Sep 24, 2010 2:10am Sep 24, 2010 2:10am
it bounced at the 2 fib confluence referred to earlier 76.4% of yesterday's rise with 23.6% of longer 5296 to yesterday's 5741 Hi...mni were saying bids in the 5660/50 region and if 5640 gives look toward 5610/00 - y/days lows they say...

G/L
ex member
  • #255,679
  • Sep 24, 2010 2:14am Sep 24, 2010 2:14am
Quoting huskyboy
Magix, these hourly candles are they in one off the templates ? Must reload because i have all 3 off them and i dont get them.
You really are trading from the EMA 200 as S-entry/R-exit. But how do you determine if the EMA gets broken or not, because more than once price bounces off like a cat off an electric wire (or whatever Cloggie call it); so more than once i have missed the train, step in lately and fall back too earth when the trade goes against me, frequently on the smaller timeframes (1/5).
And last, i have more than often read these...
Large candles attached, add to your indies folder, and set the TF...Make sure you pay attention to capital letters for the tfs...H1, not h1...

Unless you are willing to load separate charts for all of the tfs and really study the hell out of the 200s and their respective time frames, it is best you keep with the system you have, watching the macd indy and the ma ribbons for buys and sells. What I do could easily get you neck deep in shit.

Keep in mind, I am not just trading cable but trade 3 others as well and all in accordance with the same buy/sell cycles and all that dependent on EG and UJ. I have 64 charts running with different bells n whistles...gotta learn to walk before you run. One at a time they will all come together.

Roll over is 5 PM EST. Set you GMT on dolly to that time and it will show you the price of roll over. True daily open. From here, you will be able to observe how closely this line gets respected.
Attached File(s)
File Type: mq4 LargeTimeFrame.mq4   4 KB | 258 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,680
  • Sep 24, 2010 2:17am Sep 24, 2010 2:17am
Quoting The Captain
Sellers are winning!
when you said sellers defending line .. that was buyers ... Ultra high volume down bars just under support are 90% of time buyers.

I do still prefer sell rallies till the utl on the 30 is broken ( 1,5680
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