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Cable Update (GBPUSD)

  • #264,781
  • Nov 19, 2010 12:46pm Nov 19, 2010 12:46pm
Sorry 4 delay ..machine just crashed again...on that going too fast corner .
Thank you for your input ... Dr. D's balloons are beautiful. Thank you Bro.,n Low for your help here..
Kas x
All systems of divination, like music itself,work through patterns.
  • #264,782
  • Nov 19, 2010 1:02pm Nov 19, 2010 1:02pm
OK...mostly I just trade SR, fibs, PA, TL's and patterns, so I don't know jack about MA's.

So I put Dr. D's 10 ema ribbon on my gold chart, and it shows the ema's well-spread-out on the daily and weekly, but every lower TF shows compression.

Is this just what multiple ema's do when waiting for future data?
Is it because it's Friday, and most everybody is closing up shop (positions)?

Or is this what Dr. D would consider a "set-up"?

Mind you, I'm just curious.

Thanks in advance.
  • #264,783
  • Nov 19, 2010 1:52pm Nov 19, 2010 1:52pm
After dropping the template onto a few other pairs, I answered my own question.

Though I suspect gold is unique relative to FX pairs.
  • #264,784
  • Nov 19, 2010 3:30pm Nov 19, 2010 3:30pm
Quoting Brotyboy
Hi Doc

There may be some confusion here, as Kas doesn't use MT4. I reckon that what may look like an indi, and a stunningly predictive one at that, is just the ellipses you've drawn with the MT4 tool. Correct me if I'm wrong.

And hello to that wee girl in Wales.

Have fun and prosper.
Steve
Yes.

Dr. D.
  • #264,785
  • Nov 19, 2010 3:38pm Nov 19, 2010 3:38pm
Quoting kaspopsicle
Sorry 4 delay ..machine just crashed again...on that going too fast corner .
Thank you for your input ... Dr. D's balloons are beautiful. Thank you Bro.,n Low for your help here..
Kas x
Only beautiful if you are in early during their inflation...
(of the ballon that is).

Dr. D.
  • #264,786
  • Nov 19, 2010 3:54pm Nov 19, 2010 3:54pm
Quoting Low
OK...mostly I just trade SR, fibs, PA, TL's and patterns, so I don't know jack about MA's.

From my experience, don't MAs mostly lag, and therefore aren't particularly useful?
  • #264,787
  • Nov 19, 2010 3:56pm Nov 19, 2010 3:56pm
Quoting fourxtrader
Only beautiful if you are in early during their inflation...
(of the ballon that is).

Dr. D.
In a trade and the balloon? or get up earlier so i catch LO? its all good ..umm. i'll try getting up for frankie next welk.
All systems of divination, like music itself,work through patterns.
  • #264,788
  • Nov 19, 2010 4:00pm Nov 19, 2010 4:00pm
Quoting kaspopsicle
in a trade and the balloon? or get up earlier so i catch LO?
I think this calls for Balloon Kid.

Who here remembers that on Gameboy?
  • #264,789
  • Nov 19, 2010 4:28pm Nov 19, 2010 4:28pm
Quoting darthpipxter
From my experience, don't MAs mostly lag, and therefore aren't particularly useful?
Yep.

But I'm always interested in how other people see the same things differently.
  • #264,790
  • Nov 19, 2010 4:45pm Nov 19, 2010 4:45pm
Quoting Low
Yep.

But I'm always interested in how other people see the same things differently.
True.
  • #264,791
  • Nov 19, 2010 4:47pm Nov 19, 2010 4:47pm
Quoting Low
OK...mostly I just trade SR, fibs, PA, TL's and patterns, so I don't know jack about MA's.
Quoting Low

So I put Dr. D's 10 ema ribbon on my gold chart, and it shows the ema's well-spread-out on the daily and weekly, but every lower TF shows compression.

Is this just what multiple ema's do when waiting for future data?
Is it because it's Friday, and...
Compression patterns are timing signals to prepare for optimal
trade opportunities… nothing more, nothing less.

I don't remember using the term 'set-up' but it might apply
anytime you should find 'any' single tf whose EMAs have
sufficiently drawn together by any means (due to internal
or external forces in the market) and gather into a very, very
tight configurations called compression formations.

On any and every tf, this condition will be seen periodically as
the buyers and sellers come into such an agreement that price
action is no longer sustained and trends begins to tire, reverse
or even oscillate into ever decreasing ranges of consolidation.
This naturally occurs in lower tf more often than in the higher.

Once a compression pattern forms, this serves as a timing
signal to alert the trader that an imminent release will occur
and to prepare for an optimal trading opportunity by either
moving on to higher or lower tfs to observe PA (and / or on to
other trading methodologies) which might give further indications
of a more predictable direction when the release occurs... for
there will be a sudden dramatic move off of the compression
formation and it is often vertical PA... (long candle bodies as one
compared earlier)... the magnitude of the initial move and its
sustainability will most often be directly related to the size of the
tf or coordinated tfs that are releasing coupled with or without the
influence of news data. This phenomenon needs no news to drive
it... it is inherent in the mood of the mob as conditions develop
into a energetic state, just as we see when water begins to a boil,
the molecules are in a higher excitable agitated energy state and
will and must change from liquid to gas. Once the particles cool,
they then return to a lower energy state (condensation) and return
to the liquid form.

Same could be said with the behavior of the EMAs in response to
PA and the mood in the market. Tightly compressed together
increases the energy until they must separate and when extended
and fully separated they must return to lower energy levels as
the bubble breaks.

If more than one tf happens to be in compressive phases (less
often will the EMAs be seen simultaneously wound tightly together
in more than 2 tfs), when this should occur you can expect even
more strength of the move generated by the sudden separation
(unwinding or uncoiling so to speak) of the EMAs.

There is a term used in physics, nature abhores 'a vacuum' or some
say more correctly 'a gradient'. For just as unnatural as when all
players in the market are in total agreement on price [compression]
is just as unnatural as for buyers (or sellers) interest to continue to
greatly exceeding the frenzied interest of sellers (or buyers) [the
bubble has to burst] (the vacuum can not be sustained). And the
cycle begins anew.

These are just my opinions and observations.

Dr. D.
  • #264,792
  • Nov 19, 2010 4:49pm Nov 19, 2010 4:49pm
Hey fourxtrader, could you please use the whole screen as opposed to half?

Saves space. Thanks.
  • #264,793
  • Nov 19, 2010 4:55pm Nov 19, 2010 4:55pm
Quoting fxvoilaaa
Hey fourxtrader, could you please use the whole screen as opposed to half?

Saves space. Thanks.

That is the size of my screen. Ever heard of a PET Commodore? LOL Ask Magix.

Dr. D.
  • #264,794
  • Nov 19, 2010 5:10pm Nov 19, 2010 5:10pm
Quoting darthpipxter
From my experience, don't MAs mostly lag, and therefore aren't particularly useful?

So I'm told.... continually by detractors. But on
multiple tfs and in multiples and viewed in patterns,
MMAs may be found useful. You'll just have to search
for the method that works best for you.

EOHater uses and defines key MAs as continual
moving, dynamic areas of S/R rather than fixed
determinate points as seen in other TA indicators.

Magix has a whole methodology based on key MAs
and their use on multiple tfs.

Dr. D.
  • #264,795
  • Edited Nov 20, 2010 1:40am Nov 19, 2010 5:15pm | Edited Nov 20, 2010 1:40am
I had promised myself, and others, that I would post no further tonight, because experience has taught me it's not wise to go online after a few hours of experience with Mr Bells and Mr Merlot.

Today we've had contributions from 2 valued traders, who have both posted charts and explanations of their trading style. Now there's nothing wrong with asking for further details and explanations, and when an experienced trader goes into detail about his style and outlook, and there's even 1 small point which adds to the sum of our knowledge, we should all be grateful for the fact that we've been indulged.

So thank you, Magix and Doc. This is what I know I should say and emphasise, and it is sincerely meant. I would like to say so much more.

Steve
The dream will never die
  • #264,796
  • Nov 19, 2010 5:20pm Nov 19, 2010 5:20pm
Quoting darthpipxter
From my experience, don't MAs mostly lag, and therefore aren't particularly useful?
MAs are VERY useful! Elasticity my friend. Compress, explode, extend, snap back... VERY useful!

Here is a couple of nice trades I had this week

http://www.forexfactory.com/showthre...58#post4186058
  • #264,797
  • Nov 19, 2010 6:17pm Nov 19, 2010 6:17pm
Quoting fourxtrader
That is the size of my screen. Ever heard of a PET Commodore? LOL Ask Magix.

Dr. D.
Didn't know the PET had a LAN port...
  • #264,798
  • Nov 19, 2010 6:38pm Nov 19, 2010 6:38pm
Quoting fourxtrader
That is the size of my screen. Ever heard of a PET Commodore? LOL Ask Magix.

Dr. D.
Don't get me started!

My first computer was the Sinclair ZX81 with 1KB of memory and no storage. Swith it off and you had to re-program the f**ker! It was the predecessor to the ZX Spectrum 48K (I had the 128K later on) with cassette tapedeck to load the games, It was a competitor to the Commodore 64 and both were big during the '80s in the UK. The Amiga was the follow up with the introduction of the floppy drive. Don't think the US ever saw these beauties! My bread and butter!

I am sure Magix had the PET Commodore though... LOL. Come on Magix, own up! Every f**ker in Canada had one

Happy Days!
  • #264,799
  • Nov 19, 2010 7:38pm Nov 19, 2010 7:38pm
Quoting fourxtrader
That is the size of my screen. Ever heard of a PET Commodore? LOL Ask Magix.

Dr. D.
My 1st cp you held over your head and shook it to reboot, err , umm, etch a sketch lol, Have a great Thanksgiving doc and all
  • #264,800
  • Nov 20, 2010 6:24am Nov 20, 2010 6:24am
Quoting Brotyboy
I had promised myself, and others, that I would post no further tonight, because experience has taught me it's not wise to go online after a few hours of experience with Mr Bells and Mr Merlot.

Today we've had contributions from 2 valued traders, who have both posted charts and explanations of their trading style. Now there's nothing wrong with asking for further details and explanations, and when an experienced trader goes into detail about his style and outlook, and there's even 1 small point which adds to the sum of our knowledge, we should...

Thanks for the good mention but Magix is the real deal and
one of those few valued traders who has maintained the
consistency and continuity in his trading practices in this
forum for an extended period of time to be deserving of
recognition and praise. Don't know how he does it?

I on the other hand, only come and go in the asylum to
provoke enough thought to dismiss the notion that MAs
individually are merely useless lagging indicators when
collectively viewed in synchronous patterns may serve
as leading indicators and useful timing tools for trades.

Dr. D.
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