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Cable Update (GBPUSD)

  • #266,941
  • Dec 18, 2010 11:14am Dec 18, 2010 11:14am
Quoting Magix
Alrighty kiddies...

So, here's the deal. There is a lot of truth to me thinking that Nene, his attitude, and his ability to forecast sucks and sucks hard, but that is not to say that I am without compassion.

I am posting a chart with instructions, a set of indicators and a template all in hopes of helping out Nene and his troubled situation.

No, this isn't to say how much better I am, nor to hand out charity, but more so to help a fella who has been beaten unmerciful by market this week. Going into Christmas, nobody needs this extra pressure....

is it a special macd indi you are using for the red / green macd bars ?

what ma are you using ?

and what are the settings on the other macd and rsi ?

sorry to ask, but the chart picture is too faint to see the settings..


thanks
  • #266,942
  • Edited 11:38am Dec 18, 2010 11:24am | Edited 11:38am
http://forexmillion.com/forex-forecast/gbp-usd
I recomend


Inserted Video
  • #266,943
  • Dec 18, 2010 11:33am Dec 18, 2010 11:33am
If you want to ask me anything please do it in my thread becasue I have several J--k As--s blacked out because I am tired of their horse crap. Anyone that has doubts in my system I will gladly show you my running account I started with this Daily system since Thanksgiving. Believe me, it works and I have been around here way longer than most of the tormentors and will be here when they are gone.

Thanks Jim

Quoting whatfx
is it a special macd indi you are using for the red / green macd bars ?

what ma are you using ?

and what are the settings on the other macd and rsi ?

sorry to ask, but the chart picture is too faint to see the settings..


thanks
  • #266,944
  • Dec 18, 2010 9:54pm Dec 18, 2010 9:54pm
Quoting Magix
Alrighty kiddies...

I am posting a chart with instructions, a set of indicators and a template all in hopes of helping out Nene and his troubled situation.

...
Hi Magix,
I just found out that on some brokers (windsor4) the indicators can not be loaded. But it works with Forex.com.
May be you should include EX4 files.

Thank you.
  • #266,945
  • Dec 18, 2010 11:07pm Dec 18, 2010 11:07pm
rencently s&r about GU:
1.6300
1.6000
1.5885
1.5665
1.5530
1.5340

and bearish is the trend. cheers .
A chart helps those who can read it.
  • #266,946
  • Edited 1:34am Dec 19, 2010 12:00am | Edited 1:34am
Quoting gsantri
Hi Magix,
I just found out that on some brokers (windsor4) the indicators can not be loaded. But it works with Forex.com.
May be you should include EX4 files.

Thank you.
Here you go my friend.

Attached File(s)
File Type: zip nene.zip   98 KB | 912 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,947
  • Dec 19, 2010 12:10am Dec 19, 2010 12:10am
Quoting whatfx
is it a special macd indi you are using for the red / green macd bars ?

what ma are you using ?

and what are the settings on the other macd and rsi ?

sorry to ask, but the chart picture is too faint to see the settings..


thanks
The MACD was one that Nene has posted at his thread. There is no RSI, it is a stochastic at the bottom. The Yellow line is the 200EMA. The arrows for buying and selling are on a MA cross, the 1x20.

I have these as optimized settings to help reduce being sucked in on the head fakes and keeping in the good.

These are some of the same triggers that I personally use, but have been adapted with the Idea of helping Nene....If you visit Jimbos thread...you will see how he boasts his grand successes after going through his lessons on what I call hindsight trading, showing the pattern and opportunities after the play has completed.

The easiest thing to do for understanding is to load the template onto a separate chart and compare it to what you are already doing. This will not only show you what settings I have, but the indicators as well.

The charts that I post and continue to work with others on are to take indicators and ideas and show how to work with the trend on selected time frames while observing the daily movements.

There are thousands of profitable indicators and trade systems available. When we post ideas it allows others to take small bites of the same apple and create the recipes for their own tastes and brand winning pies...

mmmmmmmmmmmm

Pies.....................
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,948
  • Dec 19, 2010 12:14am Dec 19, 2010 12:14am
Quoting Nene
If you want to ask me anything please do it in my thread becasue I have several J--k As--s blacked out because I am tired of their horse crap. Anyone that has doubts in my system I will gladly show you my running account I started with this Daily system since Thanksgiving. Believe me, it works and I have been around here way longer than most of the tormentors and will be here when they are gone.

Thanks Jim
LOL....

We were all witness to your grand success this week here Jimbo.

6 Losers that drew down what 1000?

Not everybody trades or wants to continue in the micro world here ace. Some would really prefer to not have to empty an account to gain a couple of sheckles.

Once you have removed your head from your ass you might realize that if this fella wanted to ask you a question, he would have addressed you specifically. Your answering out of turn here is kinda sad and pathetic as well as nobody likes a thread hijack.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,949
  • Dec 19, 2010 1:28am Dec 19, 2010 1:28am
Quoting Magix
Here you go my friend.

Oops that's different MACD files inside,

MACD_2_Color_HISTORAM
MACD_Colored_v105

My friend, I suggest u drink ur coffee first haha..
  • #266,950
  • Dec 19, 2010 1:35am Dec 19, 2010 1:35am
Quoting gsantri
Oops that's different MACD files inside,

MACD_2_Color_HISTORAM
MACD_Colored_v105

My friend, I suggest u drink ur coffee first haha..
Fixed, available same link.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,951
  • Dec 19, 2010 1:37am Dec 19, 2010 1:37am
Good day to you all,

A general look at the charts going into the next week. I am bored. First up, let us look at some important levels around price. Mark these on your chart, should you be interested:

1) The 1.5500 round number ( duh)
2) The November low @ 1.5483
3) Next major Support Zone below - 1.5355
4) Major S/R level - 1.5536
5) Wednesday's close - 1.5543
6) The monthly open @ 1.5560
7) The opening price of 2 weeks ago - 1.5592 (week 29 Nov-3 Dec)
8) Major S/R level @ 1.5634
9) The low of last week @ 1.5654 ( week 6-11 Dec)

For me, there are 4 major considerations. These areas are marked on my chart:

1) The November low. This level will be key if we want to see further momentum down. This level will have to become resistance and serve as a barrier.

2) This is a potential support zone on the 4hr chart. These are not cast in stone and can be broken in an instant. It just indicates that this area is a definite resistance zone if coupled with the November low - confluence.

3) The red Psar -like line is my MA Hybrid indicator. This is giving me the Daily chart information. The longer term trend thus still short. The current level sitting @ 1.5687. No sustainable longs can be considered unless price breaks through this level.

4) This is also my MA Hybrid giving me the 4hr chart information. Still short with the current level @ 1.5570. Long scalps could be considered above 1.5570 to TP @ 1.5634

We are thus currently looking at a pullback rather than a trend change and with this in mind, I will trade it accordingly if the scenario remains intact, with a probable entry @ 1.5560/70.

Good luck

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 31 KB
  • #266,952
  • Dec 19, 2010 1:54am Dec 19, 2010 1:54am
Quoting Magix
Fixed, available same link.
Not my intention to bother you, but for this can be easily used by beginners like me.

Thank you very much, now can be loaded properly.
  • #266,953
  • Dec 19, 2010 2:53am Dec 19, 2010 2:53am
Quoting TauTrader
Good day to you all,

A general look at the charts going into the next week. I am bored. First up, let us look at some important levels around price. Mark these on your chart, should you be interested:

1) The 1.5500 round number ( duh)
2) The November low @ 1.5483
3) Next major Support Zone below - 1.5355
4) Major S/R level - 1.5536
5) Wednesday's close - 1.5543
6) The monthly open @ 1.5560
7) The opening price of 2 weeks ago - 1.5592 (week 29 Nov-3 Dec)
8) Major S/R level @ 1.5634
9) The low of last week @ 1.5654 ( week 6-11 Dec)

For me, there...

Hi,
i was analyzing charts and got same idea.
I think to go short in 5530 n 5550 n 5560 targetin the 5340 lows.
Unless a reversal in trend but i dont trust can happen here.
More possible a lateral in 5430-5560 channel
Lasf friday was unable to get above 5630, which let me think there is no buy power on GBP.
90% of traders use TA, indicators and prediction
  • #266,954
  • Dec 19, 2010 4:29am Dec 19, 2010 4:29am
MAgix & gsantri

im using ava metatrader broker . pls help me to guide how to set NY close time
  • #266,955
  • Dec 19, 2010 4:31am Dec 19, 2010 4:31am
Quoting gsantri
Oops that's different MACD files inside,

MACD_2_Color_HISTORAM
MACD_Colored_v105

My friend, I suggest u drink ur coffee first haha..
Daily open will most likely need to be set according to your own specific broker, set it to what ever time NY closes.. How to set the time in ava broker ?
  • #266,956
  • Dec 19, 2010 7:30am Dec 19, 2010 7:30am
Last week I posted a chart of a possible H&S forming on D1

http://cdn.forexfactory.com/attachme...1&d=1292287774

I have updated this with a new chart as follows:

Friday opened @ LTL of ascending channel 15630 and dropped right down to the neckline of the H&S @ 15455 , where it bounced.This neckline is dynamic support and the LTL is dynamic resistance.Beyond this LTL is an area of static resistance (historical PA) @ 15675 - 15710.Cutting through this area next week is a DTL which is also acting as dynamic resistance and was in play before the H&S emerged.

All these 3 points of resistance intersect going in to year end (shown in the red box) and in my view , will prove quite an obstacle for price to get through.

In terms of this chart and bias I see an area of opportunity to short between the Friday open @ 15630 and the upper line of the static resistance @ 15710

Drop down to lower TFs for entry points if Price gets to this area before dropping any more
Attached Image (click to enlarge)
Click to Enlarge Name: HSD1.jpg Size: 96 KB
  • #266,957
  • Dec 19, 2010 8:19am Dec 19, 2010 8:19am
Quoting chazzle
Last week I posted a chart of a possible H&S forming on D1

http://cdn.forexfactory.com/attachme...1&d=1292287774

I have updated this with a new chart as follows:

Friday opened @ LTL of ascending channel 15630 and dropped right down to the neckline of the H&S @ 15455 , where it bounced.This neckline is dynamic support and the LTL is dynamic resistance.Beyond this LTL is an area of static resistance (historical PA) @ 15675 - 15710.Cutting through this area next week is a DTL which is also acting as...
There is a clear bullish divergence on a daily chart between the price and Stochastics oscillator. So, in my opinion, the market should rise up about 200-250 points to work out that divergence.
  • #266,958
  • Dec 19, 2010 8:38am Dec 19, 2010 8:38am
Quoting rome777
There is a clear bullish divergence on a daily chart between the price and Stochastics oscillator. So, in my opinion, the market should rise up about 200-250 points to work out that divergence.
i cannot confirm the bullish divergence....

please provide ur statement with some pics
Hero calls followed by margin calls...
  • #266,959
  • Dec 19, 2010 8:53am Dec 19, 2010 8:53am
Quoting rome777
There is a clear bullish divergence on a daily chart between the price and Stochastics oscillator. So, in my opinion, the market should rise up about 200-250 points to work out that divergence.
I don't look at oscillators but even I can see the divergence is bearish
Attached Image (click to enlarge)
Click to Enlarge Name: bea.jpg Size: 95 KB
  • #266,960
  • Dec 19, 2010 10:17am Dec 19, 2010 10:17am
Quoting PhAnTi'
i cannot confirm the bullish divergence....

please provide ur statement with some pics
Here, in my opinion, there is a bullish divergence when the price gives a lower point and the Stochastic gives a higher point.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-5.png Size: 53 KB
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