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Cable Update (GBPUSD)

  • #268,561
  • Jan 13, 2011 8:56am Jan 13, 2011 8:56am
Quoting primzvicious
noted
orait..u watch gold just now? enough?

ok mate am done..bb later tomorrow...take care
  • #268,562
  • Jan 13, 2011 9:01am Jan 13, 2011 9:01am
Bearish divergence on M5.
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  • #268,563
  • Jan 13, 2011 9:06am Jan 13, 2011 9:06am
Quoting grashid
orait..u watch gold just now? enough?

ok mate am done..bb later tomorrow...take care
good job master,,
better to stop first to avoid greedy

have a nice day master,
only an analysis, and I'm always wrong, don't follow me,
  • #268,564
  • Jan 13, 2011 9:58am Jan 13, 2011 9:58am
Quoting andelumut
good job master,,
better to stop first to avoid greedy

have a nice day master,
good day to you,

the question remains...

Who is faster than Master?

And who will weedy the greedy?

All the best

Regards
  • #268,565
  • Jan 13, 2011 10:04am Jan 13, 2011 10:04am
Just back at desk to update charts after own session finished earlier. Further leg up in this pairing sees price arrive at bottom of that previous 4hr/daily swing hi zone confluence with 61.8% 5911-5343 4hr/daily/weekly swing. This previous swing hi zone extends to that 5911 hi and may hold more supply deeper into it.

€ has had an even more aggressive move up on back of good fundie news re chinese intervention and bigger bailoiut fund etc earlier this week. Cable right now is at 99% oif it's 20 day average pip range and 124% of it's average 20week pip range. € is @ 206% of it's 20 day average pip range !

G/L
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ex member
  • #268,566
  • Jan 13, 2011 10:04am Jan 13, 2011 10:04am
Quoting grashid
orait..u watch gold just now? enough?

ok mate am done..bb later tomorrow...take care
superb
Verily, in every difficulties there is relief
  • #268,567
  • Jan 13, 2011 11:49am Jan 13, 2011 11:49am
sold cable @ 1.5879--stop just above supply @1 5915. us$ index @ a demand level.profit target open for now
  • #268,568
  • Jan 13, 2011 12:30pm Jan 13, 2011 12:30pm
Play the smaller tfs while waiting for the daily to show it hand.

Dr. D.
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  • #268,569
  • Jan 13, 2011 12:38pm Jan 13, 2011 12:38pm
Quoting fourxtrader
Play the smaller tfs while waiting for the daily to show it hand.

Dr. D.
Good day to you,

For a very long time,I have only seen comment and " after-the fact" compression charts from you.

Dr.T
  • #268,570
  • Jan 13, 2011 1:24pm Jan 13, 2011 1:24pm
TT.
How far you think cable will drop now?
you think this is a good place to short of are we to late.

thanks
  • #268,571
  • Jan 13, 2011 1:27pm Jan 13, 2011 1:27pm
Quoting soulfly
TT.
How far you think cable will drop now?
you think this is a good place to short of are we to late.

thanks
Good day to you,

We are still trending up. No shorts.
  • #268,572
  • Jan 13, 2011 1:30pm Jan 13, 2011 1:30pm
Quoting TauTrader
Good day to you,

For a very long time,I have only seen comment and " after-the fact" compression charts from you.

Dr.T
... and I'm not sure they actually show anything?
"I made all my money by selling too soon"
  • #268,573
  • Jan 13, 2011 1:33pm Jan 13, 2011 1:33pm
I see.
New in the game, just noticed you seem to make nice calls
would you regard the 5830 as a good entry for a long.

to put it this way
if you where looking for a long positon now what levels would you watch?
  • #268,574
  • Jan 13, 2011 1:48pm Jan 13, 2011 1:48pm
Quoting TauTrader
Good day to you,

We are still trending up. No shorts.
Slap the Bollinger Bands on your daily charts. I did say my next short would be 1.59.

Quoting bbakker
I am out of here as I need to go into the office to earn my crust. I wish you all success with your trading and I am hoping we have enough sellers at this level to bring price back down again. If not, oh well, it was a good level in my book. 1.59 would be my next level to short GU.

See ya!
Nice entry into the supply zone too. Let's see what happens!
  • #268,575
  • Jan 13, 2011 1:53pm Jan 13, 2011 1:53pm
Quoting soulfly
I see.
New in the game, just noticed you seem to make nice calls
would you regard the 5830 as a good entry for a long.

to put it this way
if you where looking for a long positon now what levels would you watch?
What time scale do you trade on?

What can you see support 830 right now?

On the smaller timescales what does the PA (Price Action) look like?

How long do you want to hold your position?

You need to elaborate.


PS: in the immediate term 830 looks weak.
"I made all my money by selling too soon"
  • #268,576
  • Jan 13, 2011 3:29pm Jan 13, 2011 3:29pm
Quoting bbakker
Slap the Bollinger Bands on your daily charts. I did say my next short would be 1.59.



Nice entry into the supply zone too. Let's see what happens!
'evening all. I'm putting this chart up as an experiment to see if i've managed to reduce the size of my charts. They were way too big lol.!
Also to give a visual on bbakkers call...that man is sh*t hot... I'm not sure if i've got the right size Bolls, if you'll pardon the expression, but, as i understand the function, once price breaks to topside of the band price will fall. The velocity and energy (momentum)of the fall, in this instance, is relative to the
degree of breaching of the band. Scroll back to 15 Oct. ..100 pip drop on marginal breach of upper band.
Will someone tell me to shut up if i'm talking cr@p, plz.
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All systems of divination, like music itself,work through patterns.
  • #268,577
  • Edited 4:17pm Jan 13, 2011 4:16pm | Edited 4:17pm
Quoting kaspopsicle
'evening all. I'm putting this chart up as an experiment to see if i've managed to reduce the size of my charts. They were way too big lol.!
Also to give a visual on bbakkers call...that man is sh*t hot... I'm not sure if i've got the right size Bolls, if you'll pardon the expression, but, as i understand the function, once price breaks to topside of the band price will fall. The velocity and energy (momentum)of the fall, in this instance, is relative to the
degree of breaching of the band. Scroll back to 15 Oct. ..100 pip drop on marginal breach...
Well,

Here is a daily chart with the Fibs from last months candle slapped on it. 1.59 (which is bbakkers call) is the 0 fib from last month. SO.... if we do not break it.....DOWN SHE GOES... However, if we do.. we see 1.61 to 1.6250 (which are the 138.2 and 161.8 extension)

Amazingly the 161.8 extension happens to also be the 0 fib line from the 4th quarter of last year.

If you want I can continue...

Bottom line (I do agree with bbakkers call) however playing it cautiously, I want to see a bounce from it.
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  • #268,578
  • Jan 13, 2011 4:28pm Jan 13, 2011 4:28pm
Quoting TauTrader
Good day to you,

For a very long time,I have only seen comment and " after-the fact" compression charts from you.

Dr.T
Good Day to you TT,

In Dr. D's defense, I have had many detailed discussions with him and I am familiar with compression charts.

Dr. D has stated in previous posts that his compression charts only show that something is about to happen, BUT he stresses that the compression charts do not dictate a direction they will happen in. Thus when he posts the charts that exploded one way or the other, he is just showing the prior chart (where everything was compressed) and the release (the after the fact chart).

He is using the shorter tfs showing how they are compressing the longer tf's. Thus when they are all in sinc... you will see a huge explosion, but again, the compressions themselves will not show which way the explsion will happen. That is dictated by other methods (fundies, fibs, elliott wave, VSA, etc...no one correct way here)

C.
  • #268,579
  • Jan 13, 2011 5:25pm Jan 13, 2011 5:25pm
View of possible Cup and Handle formation here on H4 - if you've got the patience for it and it plays out ... or just to form a bias for scalping
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  • #268,580
  • Jan 13, 2011 5:35pm Jan 13, 2011 5:35pm
Quoting Ctic
Well,

Here is a daily chart with the Fibs from last months candle slapped on it. 1.59 (which is bbakkers call) is the 0 fib from last month. SO.... if we do not break it.....DOWN SHE GOES... However, if we do.. we see 1.61 to 1.6250 (which are the 138.2 and 161.8 extension)

Amazingly the 161.8 extension happens to also be the 0 fib line from the 4th quarter of last year.

If you want I can continue...

Bottom line (I do agree with bbakkers call) however playing it cautiously, I want to see a bounce from it.
On the flip side... I have my OCO for short under the 5350 spot. Right now, until we get some down action, I look for longs only.
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