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Cable Update (GBPUSD)

  • #270,401
  • Jan 28, 2011 10:19am Jan 28, 2011 10:19am
Quoting grashid
yes..i mean that bullshit= bullish movement n not ur call..n definetely u r miss-interpreting my post.

let c what happen...n i hope u already seen it...i just need today close as mentioned..that it...

ok i leave it to all of u...wont waste my time to fight/argue anymore as nothing i could get....i did advice what i should...

enjoy ur weekend n perhaps i could pay some drink when i go to aus on this coming March...cheers

g
Then i will man up and apologize on my part for taking what you said wrong and nice call for a short, well done. Still this has reminded me why i don't get into threads anymore....I suppose it is me, i get fired up to quick so i will ban myself from the threads again.....But i must leave with this.. That re-tart that was talking about the 2 rules was quite possibly the dumbest sh!t i have ever heard on any forum in the 5-6 yrs i have been in the game.

Anyway happy prosperous trading to all (well maybe not all we still need losers to make our money)

Peace
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #270,402
  • Jan 28, 2011 10:21am Jan 28, 2011 10:21am
Quoting wormboy
hi sunsi i'm good. how are you

no, I've been flat cable since i took profit during asia way earlier. Only trade I have running is eurusd short & I aim to collect by end of next week

I don't think we've seen cable's lowest yet for the day tbh ... 5750 by day end is quite possible
Everything is good
Sounds good! I am short on EU myself. Still holding my GU short open also

Gl for the rest of the day
  • #270,403
  • Jan 28, 2011 10:24am Jan 28, 2011 10:24am
Quoting PoundTrader
im out.
wise decision

have a good weekend..,
I will be the number one Manager.
  • #270,404
  • Jan 28, 2011 10:30am Jan 28, 2011 10:30am
cable is taking the piss right now.

like, do something?
Enter Signature
  • #270,405
  • Jan 28, 2011 10:30am Jan 28, 2011 10:30am
Quoting javapips
wise decision

have a good weekend..,
yeah, he's being very wise indeed.
Enter Signature
  • #270,406
  • Edited 10:54am Jan 28, 2011 10:37am | Edited 10:54am
Quoting Aussie_Pride
Then i will man up and apologize on my part for taking what you said wrong and nice call for a short, well done. Still this has reminded me why i don't get into threads anymore....I suppose it is me, i get fired up to quick so i will ban myself from the threads again.....But i must leave with this.. That re-tart that was talking about the 2 rules was quite possibly the dumbest sh!t i have ever heard on any forum in the 5-6 yrs i have been in the game.

Anyway happy prosperous trading to all (well maybe not all we still need losers to make our...
i feel like a dumb...,i said like that to stand up on your side cos most of new comers here get kick by the senior..(well, i'm new too in here, see i have no vouch there..), but it's shocking me when you said like that.. "re-tart" soooooo wise...
I will be the number one Manager.
  • #270,407
  • Jan 28, 2011 10:41am Jan 28, 2011 10:41am
GBPUSD closing above 5884 would call for confusion and pretty erratic market today, am little sidelined with eying some pop out
  • #270,408
  • Jan 28, 2011 11:01am Jan 28, 2011 11:01am
Quoting Aussie_Pride
before i leave the thread for good long GBPUSD @1.3534

Peace
Why do you have to leave Aussie Pride ? No one is God in FX - everyone has his day and Waterloo - even one of the best here is having a lean time inspite of him having "insider-help" - his toddler Son draws the TLs on the kitchen-wall - he merely reads them !!! Surely, half the credit should go to the Little guy !
  • #270,409
  • Jan 28, 2011 11:09am Jan 28, 2011 11:09am
Quoting PoundTrader
whats up vilas
Congrats guy ! I have been absent most of the time but glad your system going great Guns - a bit busy outside - next time I save time and just put your trade on. But surely missed a good trade today !

Have a Good Weekend - have one for me too !

RGDS.
  • #270,410
  • Jan 28, 2011 11:14am Jan 28, 2011 11:14am
Quoting vilas
Why do you have to leave Aussie Pride ? No one is God in FX - everyone has his day and Waterloo - even one of the best here is having a lean time inspite of him having "insider-help" - his toddler Son draws the TLs on the kitchen-wall - he merely reads them !!! Surely, half the credit should go to the Little guy !
Absolutely... everyone is welcome here in the asylum.
Join in the madness... it's great therapy.

Dr. D.
  • #270,411
  • Jan 28, 2011 11:16am Jan 28, 2011 11:16am
Quoting Aussie_Pride
Then i will man up and apologize on my part for taking what you said wrong and nice call for a short, well done. Still this has reminded me why i don't get into threads anymore....I suppose it is me, i get fired up to quick so i will ban myself from the threads again.....But i must leave with this.. That re-tart that was talking about the 2 rules was quite possibly the dumbest sh!t i have ever heard on any forum in the 5-6 yrs i have been in the game.

Anyway happy prosperous trading to all (well maybe not all we still need losers to make our...
Hey Man or shall I address you as Aussie ? Someone who calls himself Aussie Pride should be made of sterner stuff and have thicker hide - running away from Forums ? In the Forum some are good and some not so good - no one has to leave because he may not be as good as others and then you did make a right call - sorry not boned up on past posts - short to time. Stay your ground and prove that you are what Australian Finance Minister can be proud of.....That's the Spirit ! Not running away.....

Have a good Weekend and See you again !
  • #270,412
  • Jan 28, 2011 11:18am Jan 28, 2011 11:18am
Quoting javapips
Doc, where do you thing she going to move for that compression? up or down? is this down move also a trap or the real move? it's about hundreds move, right? i must get that..
Yes on all accounts.

Dr. D.
  • #270,413
  • Jan 28, 2011 11:25am Jan 28, 2011 11:25am
Quoting fourxtrader
Absolutely... everyone is welcome here in the asylum.
Join in the madness... it's great therapy.

Dr. D.
Your command of the language and phrases is immaculate as ever ! But I would wish there was less bitching ... unfortunately some end up making silly remarks without meaning to - like, excuse me, Java today. Knowing what she is she could not have been malicious but the way she put it down, Aussie Pride took it as "put down" and came up with his sledgehammer to squat a fly.

Calm down, everyone ! No one is God in FX as I said in another post - Great hedge Fund Managers go bust too.....many examples - heard of LTCM - 2 Noble Laureates on board together with half the brains of Solomon .. and yet they had to be rescued in one of the biggest bailouts then...........so forget it !

Today is Friday................. I am on my way to Saturday - I wish you come along with me !......

Cheers and Happy weekend to All.
  • #270,414
  • Jan 28, 2011 11:25am Jan 28, 2011 11:25am
Quoting vilas
Congrats guy ! I have been absent most of the time but glad your system going great Guns - a bit busy outside - next time I save time and just put your trade on. But surely missed a good trade today !

Have a Good Weekend - have one for me too !

RGDS.
  • #270,415
  • Jan 28, 2011 11:26am Jan 28, 2011 11:26am
hi guys
i earned 60 good pips today congratulate me
  • #270,416
  • Jan 28, 2011 11:48am Jan 28, 2011 11:48am
Quoting yasi
hi guys
i earned 60 good pips today congratulate me
Well done

Don't marry to your computer, have a good week end
  • #270,417
  • Jan 28, 2011 11:53am Jan 28, 2011 11:53am
Quoting Sunsi
Impressive call! I was short but for diffrent reasons!
I see you write last time = 500 pips. How large timeframe are you talking about ?

Was the 9 EMA the only indicator you used to predict this move?



May I ask which EMA`s you use? Excellent post!
My comment was simply to emphasize the significance
of this compression phenomenon. It is ever repeating
and therefore somewhat predictive (as a timing tool).
It happens on every tf even if you should drop to as
little as a 10sec chart. The magnitude of the moves
is subject to many variables in the market but they
seem to be reflective in this simple collective indicator
which I have arranged from 9 EMAs. The specific period
selected for each is not significant, only the importance of
displaying an evenly spaced and fairly wide array to draw
in more data. A lot has been written elsewhere on the
relationship of MMAs (Guppy / Hull) patterns and the behavior
and disposition of traders (short term traders / long term
investors). I use no other indicators and do not enter trades
guessing which way it may go based on the tight compression
of EMAs on a single tf. I locate a compression pattern which
signals that a breakout is imminent... the larger the tf, the
more likely the larger the move (subject to other facts in
the market, like news events which are often the catalyst
and excuse for already intended movement). I then drill down
to lower tf's to locate similar pattern that have formed and
released into a committed direction for entry. I also look to
other tfs (often higher) for patterns to respect that are
already in separation to see the strength and duration of
existing trends. Just know that there are few straight lines
of movement and when waves can be located it becomes
easier to trade. Look at the EU.

Here are the EMAs I use: 6, 18, 36, 54, 72, 90, 108, 126, 144
with "applied close".

Use as a timing tool and see if it will improve your current
trading method. You may discover it can reduce your
exposure and risk in the market as you find more optimal
trading opportunities with less screen time.

Good luck in your trading,

Dr. D.
  • #270,418
  • Jan 28, 2011 12:00pm Jan 28, 2011 12:00pm
Quoting gsantri
Well done

Don't marry to your computer, have a good week end
u 2
  • #270,419
  • Jan 28, 2011 12:15pm Jan 28, 2011 12:15pm
Thanks alot for explaining Dr.D
I will study this metod and read your post multiple times, and try it out until I have fully understood it.
But I have one more question, How do you decide up or down?
As far as I have understood it now, It`s about to make trade when the EMA`s are compressed.. But what signals if you go long or short?

Thanks alot
  • #270,420
  • Jan 28, 2011 12:23pm Jan 28, 2011 12:23pm
Example:
~70 pips (and counting?) off of the compression patterns.
No telling what will happen with a weekend ahead. This
move was signaled having the 1H, 30M, 15M charts in
compression patterns all in sync (the 5M was more of a roll
over and not a good indicator on its own but often a sign
of a lower tf that has released from a c.pattern).

Could you safely enter the trade watching these formations
develop on several tfs, knowing that when the breakout
occurs (in this specific case recognizing and trusting that
with three tfs in sync) the move will be reliable and sustained
(relative to the tfs involved) to allow you an opportunity to
capture some pips? The more you observe this phenomenon
on all tfs a greater confidence is gained on the outcome of
these patterns. They are repeating continually. Learn to
trust this (compression patterns heating up and building
energy) like you would trust water as it is brought to a
boiling point, steam will rise as it changes from liquid to
gas (the price will explode). Trust also that when the vapor
cools (the move slows down) the vapor condenses and falls
back to an earlier lower energy state. (The proverbial 'bubble'
pattern with the separated EMAs and the price retraces or
consolidates). Watch again for the same to occur again and
again.

Just my way of viewing things.

Dr. D.
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