Cable Update (GBPUSD) | Page 13236 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #264,701
  • Nov 18, 2010 8:11pm Nov 18, 2010 8:11pm
Quoting fourxtrader
To those yet lingering in the darkened
halls of this asylum... here's a little 5m
CRS that produced 150 pips. Looks like
a bubble may form which will collapse
the EMAs and another round begins on
one tf or another.

Dr. D.
It is a pity these big 'bubbles' have no predictive value (or if they have please enlighten us).

They are the result of the rapidly expanding scale of the chart after consolidation, to fit bigger candles in if you like.

The only way I can see to profit from compressed ma's is a break out straddle, or am I missing something?

Or do you move from shorter to longer timeframes as they develop and does that work?
  • #264,702
  • Nov 18, 2010 9:10pm Nov 18, 2010 9:10pm
am thinking to raise all TP and hedge if see potential candle for another correction

Let's time tell where we should raise the TP's or just stop in BEP

Happy Friday ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=898


Quoting iqyu5an
Quoting PhAnTi'
i am short

1.5922 , SL 5939 , tp 5902
add new long here ( 59xx )


still holding 3 prev long ( since yesterday ) at 58xx and 3 OLD long ( since 53xx and 54xx) . Partial TP : 60xx/61xx and will be adjusted later if required

Reason : http://www.forexfactory.com/showpost...&postcount=892

rgds,iqyu
only 4 candle in a year
Attached Image (click to enlarge)
Click to Enlarge Name: daily nov 19 confirm.gif Size: 27 KB
not euphoria follower
  • #264,703
  • Nov 18, 2010 9:22pm Nov 18, 2010 9:22pm



at 6010 level support if breaks it will drop down in @ 58 level does anyone agree with that? what you think guys? cos i have a short position @5940 and 5854 still hang at this moment...can you give me advice guys what to do..?
  • #264,704
  • Nov 18, 2010 9:31pm Nov 18, 2010 9:31pm
Quoting iqyu5an
am thinking to raise all TP and hedge if see potential candle for another correction

Let's time tell where we should raise the TP's or just stop in BEP

Happy Friday ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=898
i've closed my long...flat at the moment...with GU...don't like to hold a position to long based on what my entry are.my esyes are on USDCAD...rite now...looks like a good short setups is coming in...i guess

i guess your entry is on the longer TF...you are one hell of a swinger and i respect that..
  • #264,705
  • Nov 18, 2010 9:50pm Nov 18, 2010 9:50pm
thanks. yes i am longterm trader bro. there is only 4 candle in a year in my mind

success to you and happy friday

rgds,iqyu

Quoting Mr.Elliott
i've closed my long...flat at the moment...with GU...don't like to hold a position to long based on what my entry are.my esyes are on USDCAD...rite now...looks like a good short setups is coming in...i guess

i guess your entry is on the longer TF...you are one hell of a swinger and i respect that..
not euphoria follower
  • #264,706
  • Nov 18, 2010 10:40pm Nov 18, 2010 10:40pm
rite now we are in a range of 16040 - 16000 break above is the bull and break below is the

bear...i'll doubt that it would break to the north as from my previous triangle...it seems that

the upmove was a decent pull back.i assumed that it would go south and maybe we see any

bounce some around 1.5930 which is for me a very strong level...where there's quite a

demand filling up these level....but as usual..i could be wrong but still we don't know

untill LO for it real move....let see what todays PA have in store for us...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD2.jpg Size: 329 KB
  • #264,707
  • Nov 18, 2010 11:12pm Nov 18, 2010 11:12pm
Quoting Mr.Elliott
rite now we are in a range of 16040 - 16000 break above is the bull and break below is the

bear...i'll doubt that it would break to the north as from my previous triangle...it seems that

the upmove was a decent pull back.i assumed that it would go south and maybe we see any

bounce some around 1.5930 which is for me a very strong level...where there's quite a

demand filling up these level....but as usual..i could be wrong but still we don't know

untill LO for it real move....let see what todays PA have in store for us...
Throw a 200EMA on your 5m chart...see where support is. IF this holds and we move above daily open, go long...if we breach and hold below this, go short....

Here's an idea of what to look at and for.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m200.jpg Size: 102 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,708
  • Nov 18, 2010 11:16pm Nov 18, 2010 11:16pm
The First Law of Thermodynamics comes alive in the forex, “energy can neither be created nor destroyed”, but can be converted (or transferred) from one form (or direction) to another.

Quoting ikdenk
a. It is a pity these big 'bubbles' have no predictive value (or if they have please enlighten us).

b. They are the result of the rapidly expanding scale of the chart after consolidation, to fit bigger candles in if you like.

c. The only way I can see to profit from compressed ma's is a break out straddle, or am I missing something?

d. Or do you move from shorter to longer timeframes as they develop and does that work?
a. No predictive value? Perhaps stealth to the undiscriminating eye, but MMA's serve the trader nicely, without need of our pity. Their subtle beauty and hidden predictive values (lol) reward the eye of the beholder. I consider bubble patterns to be very predictive. Bubble patterns send a caution to late trade entries or may even signal counter trading opportunities. EMAs that rapidly separate off of the tightest compression patterns, more often have greater difficulty maintaining their sharp angles of attack and expansion and will predictively tire, stall, forming the bubble and collapse drawing together again and will even retrace to a greater fibo levels. Compression patterns however, indicate bigger moves to come relative to the tf or continuation moves of yet higher tf. Loose and incomplete formations fail to generate sufficient energy and generally yield less volatile movements (per tf), or remain in oscillations patterns until another tf reaches a mature state.

I see value in both of their visual presentations.

Waiting for the first bubble to collapse gives second opportunities to enter the trend while watching for another compression pattern to form on the same or lower tfs for the optimal timing signal. When these then develop into more gradual sloping moves they tend to become more sustainable. Give me a 60 degree or less PA and I'll give you bigger longer moves. Give me near vertical PA and I’ll give you the most ‘bang for your buck’ in the shortest period of time.

b. We're just using different terms and ways of viewing the same thing. Everything is the result of buying and selling. consolidation = gathering and compressing of EMAs... rapidly expanding scale = separation and expansion of EMAs. I don't get excited seeing bigger candles... only consecutive bigger bodies.

c. I see value in compressed ma's as a timing tool for imminent volatile breakouts. You’ll never develop such a narrow timing signal off of a naked chart (excluding news) as you will with charts having all of the EMAs tightly stacked together. Obviously the direction is never indicated alone, but the magnitude is generally great enough where plenty of pips are to be gained relative to the tf well after a clear breakout.

d. Yes and no… longer to shorter as they develop (compression phase) and shorter to longer as they advance (expansion phase)… always watching for coordinated synchronous formations of compression patterns on multiple tfs. What’s fun is observing a compression – release on one tf serve the purpose of lending its energy with the same directional move to assist a higher tf to either advance with further EMA expansion and continuation of the trend or in the gathering of EMA in the higher tf to build yet another larger pattern towards a reversal.

Dr. D.
  • #264,709
  • Nov 18, 2010 11:32pm Nov 18, 2010 11:32pm
A quick look at the 15m...

Seems we have a support line on the M15 200..looking at this critical point over the last couple of days...

Another thing to think about is that there was a high created today that London session hasn't seen. After London closed we crushed to a new high....

Now for the last 2 weeks running, Friday session has been a Mass exodus dead cat bounce, and if you look at the 15m chart you could see that the same thing could be ready to play out. A massive fall to support and a bounce back to the high of day...
Attached Image (click to enlarge)
Click to Enlarge Name: m15cable.jpg Size: 111 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,710
  • Nov 18, 2010 11:44pm Nov 18, 2010 11:44pm
Quoting Magix
Throw a 200EMA on your 5m chart...see where support is. IF this holds and we move above daily open, go long...if we breach and hold below this, go short....

Here's an idea of what to look at and for.
i use the same(MA) but different period on a different TF...so by looking on your

chart...we're on the same page but at the same time...i used PA reading in determine the

next move.

yes..by all means the price could break to the north or to the south...but b confirming it with

some PA reading...it could at least give me a bit more of percentage of where the price

tends to go....and thanks for the chart...good luck magix and green pips for you...
  • #264,711
  • Nov 18, 2010 11:45pm Nov 18, 2010 11:45pm
Just an example of the no mans land we are in...non directional....

Hit rollover price and was rejected....

Still watching....
Attached Image (click to enlarge)
Click to Enlarge Name: nomans.jpg Size: 111 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,712
  • Nov 18, 2010 11:47pm Nov 18, 2010 11:47pm
Quoting Magix
A quick look at the 15m...

Seems we have a support line on the M15 200..looking at this critical point over the last couple of days...

Another thing to think about is that there was a high created today that London session hasn't seen. After London closed we crushed to a new high....

Now for the last 2 weeks running, Friday session has been a Mass exodus dead cat bounce, and if you look at the 15m chart you could see that the same thing could be ready to play out. A massive fall to support and a bounce back to the high of day...
magix...may i know what is that dotted line for??is that an indicator and what is it for?
  • #264,713
  • Nov 18, 2010 11:48pm Nov 18, 2010 11:48pm
Quoting Mr.Elliott
i use the same(MA) but different period on a different TF...so by looking on your

chart...we're on the same page but at the same time...i used PA reading in determine the

next move.

yes..by all means the price could break to the north or to the south...but b confirming it with

some PA reading...it could at least give me a bit more of percentage of where the price

tends to go....and thanks for the chart...good luck magix and green pips for you...
Agreed completely...Not going to tell you what time frame to trade off of by any stretch...just going to point out, it only takes one click to toggle between the different time frames to see where target support and resistance zones might be....

Certainly not trying to tell ya how to trade either...sorry if I offended...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,714
  • Nov 18, 2010 11:49pm Nov 18, 2010 11:49pm
Quoting Mr.Elliott
magix...may i know what is that dotted line for??is that an indicator and what is it for?
Marks daily roll over.

5PM EST.

Set this price on your charts and see how well it gets obeyed...

The indicator is an adjustable daily open for MT4...I have it set for roll over.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,715
  • Nov 18, 2010 11:53pm Nov 18, 2010 11:53pm
Quoting Mr.Elliott
magix...may i know what is that dotted line for??is that an indicator and what is it for?
Helps out at a quick glance...if we are above daily roll, it acts as support if we are below daily roll, it acts as resistance. Because I trade Multiple pairs and direction isn't always readily apparent if I step away from my trade station or go for a nap...it helps to tell me if the day is red or green....

1 screen I watch...4 majors, will toggle the time frames as I need.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyroll1.jpg Size: 192 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,716
  • Nov 18, 2010 11:57pm Nov 18, 2010 11:57pm
A second set that I watch, much the same but with a lot more color are the Dolly charts...indis and tpl on my thread...

These tell when we move into buy and sell zones, a quick toggle of the tfs tells me where I will find support or resistance, and open is set to daily roll...
Attached Image (click to enlarge)
Click to Enlarge Name: dolly.jpg Size: 246 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,717
  • Nov 19, 2010 12:03am Nov 19, 2010 12:03am
Quoting Magix
Helps out at a quick glance...if we are above daily roll, it acts as support if we are below daily roll, it acts as resistance. Because I trade Multiple pairs and direction isn't always readily apparent if I step away from my trade station or go for a nap...it helps to tell me if the day is red or green....

1 screen I watch...4 majors, will toggle the time frames as I need.
Now how much is that IT going to cost me
to get that neat dotted line on my chart?

I'm only worrying about mental effort here. lol

Dr. D.
  • #264,718
  • Nov 19, 2010 12:07am Nov 19, 2010 12:07am
Quoting fourxtrader
Now how much is that IT going to cost me
to get that neat dotted line on my chart?

I'm only worrying about mental effort here. lol

Dr. D.
I've posted before doc...but here it is again.

I will hop on skype if you need a hand with getting it set to your charts...

Ahhhh..."IT"...slow night...am tired...lol
Attached File(s)
File Type: mq4 DailyOpen.mq4   3 KB | 269 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,719
  • Nov 19, 2010 12:10am Nov 19, 2010 12:10am
Quoting Magix
Agreed completely...Not going to tell you what time frame to trade off of by any stretch...just going to point out, it only takes one click to toggle between the different time frames to see where target support and resistance zones might be....

Certainly not trying to tell ya how to trade either...sorry if I offended...
no harm done and not offended in any way...

just saying that discuss on our trading plan/system....cheers..buddy.
  • #264,720
  • Nov 19, 2010 12:12am Nov 19, 2010 12:12am
Rejected again...

For the new folks out there watching...

This is why everybody gunna tell ya the best tool for trading forex, is patience...
Attached Image (click to enlarge)
Click to Enlarge Name: reject.jpg Size: 76 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
483 traders viewing now, 4 are registered:
,
,
,