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Cable Update (GBPUSD)

  • #265,481
  • Nov 29, 2010 5:37am Nov 29, 2010 5:37am
Just seen this too....Euro hits 20ema for the first time in a week on H4 and straight away its lights out time...140 pip drop (so far)
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  • #265,482
  • Nov 29, 2010 5:53am Nov 29, 2010 5:53am
Quoting kaspopsicle
What are the 3 bars, obviously constant range but why 3 ? Please .
The indies in separate windows are my brother's work. Top one is an oscillator so he says, second one measures change of first one from previous bar, and third one is the 5 Min version of the oscillator, so of no value when the crb pip value is large, but effectively acts as an MTF version when the pip value is low.

Hope this helps. About a foot of snow here, schools closed so everyone at home today, just when I wanted to concentrate fully on trading.

Steve
The dream will never die
  • #265,483
  • Nov 29, 2010 6:03am Nov 29, 2010 6:03am
Quoting Brotyboy
The indies in separate windows are my brother's work. Top one is an oscillator so he says, second one measures change of first one from previous bar, and third one is the 5 Min version of the oscillator, so of no value when the crb pip value is large, but effectively acts as an MTF version when the pip value is low.

Hope this helps. About a foot of snow here, schools closed so everyone at home today, just when I wanted to concentrate fully on trading.

Steve
Thanks, Steve. I'll be on another googling expedition tonight. Hope the snow goes soon, ours has almost but frozen over.
All systems of divination, like music itself,work through patterns.
  • #265,484
  • Nov 29, 2010 6:07am Nov 29, 2010 6:07am
We're back under 15590 and a rejection of EMA20 on M15 and Euro rejected at 13185...so I'm going short again

looking now to take out the low of Asia...15560
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  • #265,485
  • Nov 29, 2010 6:30am Nov 29, 2010 6:30am
Quoting chazzle
We're back under 15590 and a rejection of EMA20 on M15 and Euro rejected at 13185...so I'm going short again

looking now to take out the low of Asia...15560
Well , I'm out @ BE ...Euro continued to drop but Cable held firm....Euro 165 pip drop since LO vs. 75 for Cable ... so a bit of upward pressure there I think
  • #265,486
  • Nov 29, 2010 6:40am Nov 29, 2010 6:40am
Quoting chazzle
Well , I'm out @ BE ...Euro continued to drop but Cable held firm....Euro 165 pip drop since LO vs. 75 for Cable ... so a bit of upward pressure there I think
me too got out @half a pip. trying to get my new chart set up ...well,...setup. Thanks chaz.Will look to get back in if closes below asia low or above 200ma on m5
All systems of divination, like music itself,work through patterns.
  • #265,487
  • Nov 29, 2010 7:41am Nov 29, 2010 7:41am
Look like the trend is still going bearish
http://preview.shareapic.net/preview7/023980964.gif
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  • #265,488
  • Nov 29, 2010 8:55am Nov 29, 2010 8:55am
Looking at the simple chart, 1.5516-1.5510 would give us a full range of motion and complete the daily ATR.

Not saying that is the buy zone, but I will be looking at sells and taking triggers to that point and see where London closes.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,489
  • Nov 29, 2010 9:10am Nov 29, 2010 9:10am
Just back at desk updatinbg charts after my own trading session ended some hours ago.

5533-23-01 is a previous 4hr/daily swing lo zone with 76.4% of the daily/weekly swing 5296-6297 @ 5033 area and 5509 area being 38.2% of the daily/weekly swing 4225-6297. Daily S1 is @ 5515.

4hr new descending channel still intact.

G/L

http://www.easy-upload.net/fichiers/z.2010112916830.jpg
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ex member
  • #265,490
  • Nov 29, 2010 9:16am Nov 29, 2010 9:16am
Price has bounced a little off the 138% fib extensiopn of the last 1hr swing 5558-5647..in that previous 4hr/daily swing lo zone discussed above.

G/L
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ex member
  • #265,491
  • Nov 29, 2010 9:32am Nov 29, 2010 9:32am
That 1hr candle doesn't look like the above anymore lol...still a nice little 1min bullish osc div play before the sellers came in again.

How strong are the bears...strong enough to get through this potential supp zone? Cable still @ only 78% of it's 20 day average pip range so far today, € @ 135%...With only 1 pip spread erosion and a larger range recently no wonder the € thread is so busy !

Be back for the LO tomorrow.

G/L
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ex member
  • #265,492
  • Nov 29, 2010 10:02am Nov 29, 2010 10:02am
Thankyou, as always,for being here. I dont feel comfortable in the EU thread...feels like living inside a gasometer.
I'm posting my chart because i appear to have some discrepencies on price re. DP...DS1 ..DR1... would welcome comments from posters.
That said and done i think what i'm seeing is interesting in terms of price finding a channel...between DP and DS1. I hope she keeps falling...but if hopes were horses etc...we'd all be flying.
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All systems of divination, like music itself,work through patterns.
  • #265,493
  • Nov 29, 2010 10:08am Nov 29, 2010 10:08am
Quoting kaspopsicle
Thankyou, as always,for being here. I dont feel comfortable in the EU thread...feels like living inside a gasometer.
I'm posting my chart because i appear to have some discrepencies on price re. DP...DS1 ..DR1... would welcome comments from posters.
That said and done i think what i'm seeing is interesting in terms of price finding a channel...between DP and DS1. I hope she keeps falling...but if hopes were horses etc...we'd all be flying.

yeh I have Daily D1 between 5525-15 depending on feed.

G/L
ex member
  • #265,494
  • Nov 29, 2010 10:12am Nov 29, 2010 10:12am
Quoting bbmac
yeh I have Daily D1 between 5525-15 depending on feed.

G/L
Thank You !
All systems of divination, like music itself,work through patterns.
  • #265,495
  • Nov 29, 2010 11:03am Nov 29, 2010 11:03am
evening all.. no trades for me today..

7 red candles on the spin now...2 well into in the oversold zone..

those retro adidas shell toes im gettin imported from new yourk are getting dearer by the day
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  • #265,496
  • Nov 29, 2010 12:28pm Nov 29, 2010 12:28pm
Quoting egkid
Morning bro
I like ur work
Have conflict signal on daily for g/u So b Carefully
LOL, I LV my daily system
  • #265,497
  • Nov 29, 2010 9:21pm Nov 29, 2010 9:21pm
Got down to my fib, and then some.

Quoting Duce
if not, down to my fib line.

Attachment
Si vis pacem, para bellum.
  • #265,498
  • Nov 29, 2010 10:53pm Nov 29, 2010 10:53pm
Good time to go long I think
  • #265,499
  • Nov 29, 2010 11:04pm Nov 29, 2010 11:04pm
we're under the 200 EMA.
Si vis pacem, para bellum.
  • #265,500
  • Nov 29, 2010 11:05pm Nov 29, 2010 11:05pm
I'm seeing 1.5522 as offering some support based on April swing high. Also 15m chart looks like a couple of good looking bullish candles.

I'm currently long from 1.5539 SL 1.5519

See attached Daily chart
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