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Cable Update (GBPUSD)

  • #260,401
  • Oct 13, 2010 7:59pm Oct 13, 2010 7:59pm
Bearish looking candle forming on 1hr (2/3 given back ATM).
Today's zone = Tomorrow's opportunity!
  • #260,402
  • Oct 13, 2010 8:38pm Oct 13, 2010 8:38pm
Plan The Trade...Trade The Plan
Make it simple
Filter the Poster...
Be patient and no emotion...

rgds,iqyu

http://www.forexfactory.com/showpost...&postcount=783
not euphoria follower
  • #260,403
  • Oct 13, 2010 8:45pm Oct 13, 2010 8:45pm
If we can get a 4hr close above 1.5963 my target will be 1.6014. A close above there will bring 1.6105 and 1.6161 into view as my next longterm targets. 4hr charts with fibo and EMA's. Will use lower TF's for short term trades off bounces etc...
Today's zone = Tomorrow's opportunity!
  • #260,404
  • Oct 13, 2010 8:50pm Oct 13, 2010 8:50pm
Quoting pips stunner
this is what i see .....Long Term
Cable DOWN
eurchf down ... just sold
eurjpy buy
dragon UP
gbpchf Down
eurusd down .... just sold
usdchf down
euraud down
eurcad down
audusd???
eurgbp???

I trade all pairs at once.. Hope i get out of this with my shirt..
Hope you had your ass covered on your Euro trades....

Yikes man...this put ya about a buck fity in the stink on them...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,405
  • Oct 13, 2010 10:15pm Oct 13, 2010 10:15pm
See a nice move? Often if you look back you'll find it was
triggered off of a compression pattern in a primed TF.

Here's a move (1m [b]) within a move (5m [A]) and both
released off of a C-pattern formation.

Dr. D.
Attached Images
  • #260,406
  • Oct 13, 2010 10:17pm Oct 13, 2010 10:17pm
Is this not just a normal break-out pattern? Consolidation will gather all ma's together.
Or are you looking for something special here?
Please let us know what it is. Values of ma's, for example.
  • #260,407
  • Oct 13, 2010 11:18pm Oct 13, 2010 11:18pm
Quoting ikdenk
Is this not just a normal break-out pattern? Consolidation will gather all ma's together.
Or are you looking for something special here?
Please let us know what it is. Values of ma's, for example.

Yes... consolidations are continually forming but the challenge is in
determining on a naked chart when or if a significant (not so normal)
breakout will actually occur?

I use it as a visual timing tool. It reduces screen time but beyond
that, an interesting phenomenon is always occuring as the EMA's
gather and draw together (regardless of the TF). Energy builds
during this process and inevitably should all the EMA's pinch tightly
together an imminent breakout will occur. And often the tighter
the formation, the greater the magnitude of the move (relative to
the TF). More often though a gathering of EMA's may never fully
mature into a tightly formed compression pattern and only separate
again or rollover (crossover) preventing what I consider is an optimal
trade opportunity from developing where sufficient energy has build
up to produce the near vertical movements in PA as is often seen in
these situations.

Even the separations or rollover / crossover patterns that may
frustrate the completion of a CRS in one TF are actually the result
of a successful CRS pattern(s) in some lower TF that moves in a different
direction. Small waves building or negating larger waves. The perfect
storms happen when the smaller TF patterns join in concert with the
formation of higher TF patterns and transfer their released energy to
the larger TF patterns in a sequential fashion.

Just my observation.

All EMA's applied to Close: 6, 18, 36, 54, 72, 90, 108, 126, 144
(200 dotted not used in the pattern... only used as a respected s/r and
target reference area)

Dr. D.
  • #260,408
  • Oct 14, 2010 12:13am Oct 14, 2010 12:13am
Quoting fourxtrader
Just my observation.

All EMA's applied to Close: 6, 18, 36, 54, 72, 90, 108, 126, 144
(200 dotted not used in the pattern... only used as a respected s/r and
target reference area)

Dr. D.
Thanks for your clear explanation.

BTW what does CRS stand for, please?
  • #260,409
  • Oct 14, 2010 12:47am Oct 14, 2010 12:47am
Good morning folks

Had a nice bonus in my account this mornig
Have been trying some overnight trades'''''''''' and last night's worked out at +101 impressive except that it was only with $2.00 per pip Not confident enough yet to use usual pip value
  • #260,410
  • Oct 14, 2010 12:59am Oct 14, 2010 12:59am
Morning

good job!


Quoting AdrianHNV
Good morning folks

Had a nice bonus in my account this mornig
Have been trying some overnight trades'''''''''' and last night's worked out at +101 impressive except that it was only with $2.00 per pip Not confident enough yet to use usual pip value
  • #260,411
  • Oct 14, 2010 1:06am Oct 14, 2010 1:06am
well done Adrian - good job

I'm short from 15980
  • #260,412
  • Oct 14, 2010 1:10am Oct 14, 2010 1:10am
Quoting chazzle
well done Adrian - good job

I'm short from 15980
What is your target points?
It is terting the highes again now.
  • #260,413
  • Oct 14, 2010 1:11am Oct 14, 2010 1:11am
Quoting AdrianHNV
Good morning folks

Had a nice bonus in my account this mornig
Have been trying some overnight trades'''''''''' and last night's worked out at +101 impressive except that it was only with $2.00 per pip Not confident enough yet to use usual pip value
Morning all,

Well done, my account was the opposite, I had this set to fall and woke up to -60 means i'll have to work harder just to B/E today.

Night trades don't seem to work for me, will have to steer clear in the future.

Well played though
  • #260,414
  • Oct 14, 2010 1:14am Oct 14, 2010 1:14am
short @ 1.5994
TP 1.59
SL 1.6030

GL ALL
  • #260,415
  • Oct 14, 2010 1:22am Oct 14, 2010 1:22am
Quoting Dayboy001
short @ 1.5994
TP 1.59
SL 1.6030

GL ALL

Would be nice to hold below 1.5983 on 1h close to not make a new high close.
Good luck
  • #260,416
  • Oct 14, 2010 1:30am Oct 14, 2010 1:30am
Quoting chazzle
well done Adrian - good job

I'm short from 15980
added 92 also - might just be a bad trade....lol
  • #260,417
  • Oct 14, 2010 1:31am Oct 14, 2010 1:31am
morning folks..2 days ago i had an operation for hernia repair..still in position hopefully i can recover soon

i feel better today hence the post

inverse type shampoo..neckline tested and produced huge buying, good luck all ..

http://i648.photobucket.com/albums/u...m/chart4-5.gif
  • #260,418
  • Oct 14, 2010 1:33am Oct 14, 2010 1:33am
Quoting chazzle
well done Adrian - good job

I'm short from 15980
ThIS THING IS SHOOTING UP...I WILL NOT RECOMMEND A SHOT NOW UNTIL A NICE CONFIRMATION. bULLS HAVE MORE POWER ATM
  • #260,419
  • Oct 14, 2010 1:33am Oct 14, 2010 1:33am
Quoting chazzle
added 92 also - might just be a bad trade....lol
might b risky buddy
  • #260,420
  • Oct 14, 2010 1:36am Oct 14, 2010 1:36am
Quoting nAVIN2007
might b risky buddy
thanks Navin - won't let it go much beyond 16018 worse case scenario
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