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Cable Update (GBPUSD)

  • #268,581
  • Jan 13, 2011 5:41pm Jan 13, 2011 5:41pm
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.
But i did manage to reduce the size of my chart,no?
All systems of divination, like music itself,work through patterns.
  • #268,582
  • Jan 13, 2011 6:20pm Jan 13, 2011 6:20pm
Quoting Abu-Rami
Green pips for you all...

http://4.bp.blogspot.com/_eJeoUej2Uk...11+-+Table.png

http://3.bp.blogspot.com/_eJeoUej2Uk...13-01-2011.png
http://3.bp.blogspot.com/_eJeoUej2Uk...1+-+Result.png
  • #268,583
  • Jan 13, 2011 6:21pm Jan 13, 2011 6:21pm
Green pips...

http://2.bp.blogspot.com/_eJeoUej2Uk...11+-+Table.png

http://2.bp.blogspot.com/_eJeoUej2Uk...14-01-2011.png
  • #268,584
  • Jan 13, 2011 6:31pm Jan 13, 2011 6:31pm
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 point Dr.T
Verily, in every difficulties there is relief
  • #268,585
  • Jan 13, 2011 6:49pm Jan 13, 2011 6:49pm
my view...

between 1.5661-1.5440 i will call it as a consolidation area which will decide further movement either up or down..

for now i watch carefully 1.5893-1.5920 area
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
Verily, in every difficulties there is relief
  • #268,586
  • Jan 13, 2011 8:17pm Jan 13, 2011 8:17pm
Quoting primzvicious
yo wormie (and everyone else too) back to GU thread please... it so silent in there now http://cdn.forexfactory.com/images/smilies/yim/sigh.gif
Good call.
  • #268,587
  • Jan 13, 2011 8:39pm Jan 13, 2011 8:39pm
Quoting gsantri
Good call.
what call? my trade call or wormie call
Verily, in every difficulties there is relief
  • #268,588
  • Jan 13, 2011 9:04pm Jan 13, 2011 9:04pm
Quoting primzvicious
what call? my trade call or wormie call
Good morning Prim,
It's right above my post, no? I shouldn't quote that

Btw, fibre is easier to short scalp right below daily roll which is a sacral line (Magix has taught me that).

But cable.. errmm bull wouldn't let me atm, though expecting retrace to 50 fib.
G/L.

Regards
  • #268,589
  • Jan 13, 2011 9:43pm Jan 13, 2011 9:43pm
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
TT

Then you've missed the point in many of my attachments. I
for a very long time have offered commentary attached to
both 'before' and 'after-the-fact' compression charts... not to
offer the careless and useless projections and prognostication
that others foolishly seek in the forums but to show a timing
tool to reduce exposure and limit risk in the market. Do they
stand alone? No, but I happen to believe there is no better
way to illustrate and learn repetitive pattern recognition of
historical compression and separation depictions than by
printing 'before and after-the fact' compression charts.

What's the point? Show me a chart pattern of singular focus
that in only a relative few subsequent tfs will more often
explode vertically with maximal pipage in minimal tfs. Why sit
at the computer in a senseless stupor waiting for that which
won't happen until the energy is sufficiently built through the
aggitated herd mentality of the mob in the marketplace that
you speak of in your bio? Predictably on every tf this only
happens when and only after buying and selling stagnates.
Look for that in the charts and increase and protect your
profitability in trading. That's what compression patterns
are all about.

Dr. D.

BTW, thanks Ctic
  • #268,590
  • Jan 13, 2011 10:24pm Jan 13, 2011 10:24pm
GM guys....how's trading? doing gr8....mm...how about gold...today one more round....GU? i already posted my view last few day as well as in my blog...check it out...

Primmm...whereeee r u hidinggg
  • #268,591
  • Jan 13, 2011 10:26pm Jan 13, 2011 10:26pm
Quoting primzvicious
my view...

between 1.5661-1.5440 i will call it as a consolidation area which will decide further movement either up or down..

for now i watch carefully 1.5893-1.5920 area
completely agreed....GU going o test back to my gate as mentioned before 5656...close below then watch how monday close....below that it...

otherwise...bull still have a room for an up side.....tough wanna take som epost yesterday but no yet convincing me to go atm...
  • #268,592
  • Jan 13, 2011 10:52pm Jan 13, 2011 10:52pm
Quoting grashid
GM guys....how's trading? doing gr8....mm...how about gold...today one more round....GU? i already posted my view last few day as well as in my blog...check it out...

Primmm...whereeee r u hidinggg
im about going to friday prays

be back soon...

best of luck master G
Verily, in every difficulties there is relief
  • #268,593
  • Jan 13, 2011 11:38pm Jan 13, 2011 11:38pm
Quoting Bleek
... and I'm not sure they actually show anything?
I'm not sure this actually shows anything.

Dr. D.

compression > separation
Attached Image
  • #268,594
  • Jan 13, 2011 11:49pm Jan 13, 2011 11:49pm
Quoting fourxtrader
I'm not sure this actually shows anything.

Dr. D.

compression > separation
More illusions in the making.

Dr. D.
Attached Images
  • #268,595
  • Jan 14, 2011 12:26am Jan 14, 2011 12:26am
UFO
  • #268,596
  • Edited 12:50am Jan 14, 2011 12:27am | Edited 12:50am
Quoting grashid
GM guys....how's trading? doing gr8....mm...how about gold...today one more round....GU? i already posted my view last few day as well as in my blog...check it out...
Hi grashid,

I repeatedly find USD Value corelation with GOLD. Why ??
I'm NOT Financier Background. Would you like you explain...


Best Regards,



Tsar
Always looking the GREAT, never left GOOD Point...
  • #268,597
  • Jan 14, 2011 12:55am Jan 14, 2011 12:55am
Quoting fourxtrader
TT

Then you've missed the point in many of my attachments. I
for a very long time have offered commentary attached to
both 'before' and 'after-the-fact' compression charts... not [i][color=blue]to...
Good day to you,

Thank you for taking the time to respond.

By no means have I stated that what you post is/was an illusion. This has to be clear. I personally just battle to understand the significance. Price forms the MA's. These moving averages can only "compress" if price consolidates. So - price has to compress first, before the MA's can form your pattern. These MA's can only "release" after price has taken off. They do not cause price to take off.

It is a fact that price will explode/run and then consolidate/rest. Then run. Then rest. These areas of "rest" can be seen by the naked eye. One can bank on the fact that price will take off again - after these consolidations.

I just fail to see the benefit of using these MA's spesifically for the purpose of showing a consolidation - that is all.

My sincere apology for me snapping. That was wrong. If this tool assists you - I respect that and will continue to do so - going forward.

Regards and all the best
  • #268,598
  • Jan 14, 2011 12:57am Jan 14, 2011 12:57am
Quoting Tsar
Hi grashid,

I repeatedly find USD Value corelation with GOLD. Why ??
I'm NOT Financier Background. Would you like you explain...


Best Regards,



Tsar
http://www.cnbc.com/id/33242464/The_..._Gold_Reserves

and u can google out additional info if u want...sorry i am an engineering background and be honest i am not good in economic nor fundamental...i am purely chartist

usually what i know gold vs USD have negatif correlation..gold drop mean USD stronger...u may offen chcek USDX trend in order to know some movement vs any USD pair as a guideline
however yesterday USD drop but gold drop ....mm..something interesting to me to find out too...

maybe Bel/Piter or eulogy or other sr may able to help and assist u....cheers
  • #268,599
  • Jan 14, 2011 1:08am Jan 14, 2011 1:08am
here come the test
Verily, in every difficulties there is relief
  • #268,600
  • Jan 14, 2011 1:10am Jan 14, 2011 1:10am
Quoting primzvicious
here come the test
prim..i heard china going to increse thier rate if not today this weekend...u hear something?

possible big gap next open?
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