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Cable Update (GBPUSD)

  • #270,661
  • Jan 31, 2011 11:30pm Jan 31, 2011 11:30pm
Quoting callmegood
After seeing your chart, first thing that came to mind is... I definitely need a much bigger monitor, if not two.
LOL, yeah it helps. Gotta love Black Friday. I got myself a new 23" LED monitor and a 55" LCD-LED TV. Ive got it set up so I can slide my chart over to the TV when Im relaxing in bed
  • #270,662
  • Jan 31, 2011 11:33pm Jan 31, 2011 11:33pm
I don't thing a bigger monitor is needed. I see that the trader used print screen.. But the trader might try croping some of it in a program like fireworks or something. and post more than one screen shot.. That way the image will be larger and easier to read.
Luck has no place in trading. Leave that for the poker table.
  • #270,663
  • Jan 31, 2011 11:44pm Jan 31, 2011 11:44pm
Quoting Exsilium
I think Ive identified a strong resistance point at about 16063 marked with the red line. I believe this is also the high of a couple weeks ago isnt it? Trend lines ive put in orange. Thoughts?
So much for that idea, the resistance line I idenfied was just blown through. I went back in time a little, this area were in seems to be a significant resistance area. And while I dont use formations, this would seem to be a H&S?
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  • #270,664
  • Jan 31, 2011 11:54pm Jan 31, 2011 11:54pm
Quoting Exsilium
LOL, yeah it helps. Gotta love Black Friday. I got myself a new 23" LED monitor and a 55" LCD-LED TV. Ive got it set up so I can slide my chart over to the TV when Im relaxing in bed
Life's good. Hope your trades turned in your favor today.

Dr. D.
  • #270,665
  • Jan 31, 2011 11:54pm Jan 31, 2011 11:54pm
Quoting prodigal son
Hi fourxtrader,

What is the name of the indicator? How to use it?
Please throw some light on it....
Multiple moving averages (MMAs) (exponential / applied close)
displayed on multiple time frames (mtfs). You can read generally
about them with a word search on GMMA, Daryl Guppy. I present
a variation with a narrower interest around repetitive compression
patterns (signaling breakouts) and bubble formations (preceeding
retracements) found on mtf. You can read up on my application by
studying my past posts and attachments if you are really interested.

Dr. D.
  • #270,666
  • Jan 31, 2011 11:59pm Jan 31, 2011 11:59pm
Quoting fourxtrader
Life's good. Hope your trades turned in your favor today.

Dr. D.
Thank you. Yes, one of my longs that I held for almost 2 weeks I closed for a profit. Unfortunately that leaves my shorts exposed. Funny how that happens. I had predicted that it would rise to 16000 but wouldn't maintain that level. It would seem that I was only partially right. I never imagined that my 16024 long would be profitable by the end of this week. I am still working on refining my entry points. I dont know if its just this pair, or if this is common, but everything I think I know works sometimes but at other times, like today, I find myself guessing... as someone mentioned earlier, its a crap shoot right now.
  • #270,667
  • Feb 1, 2011 12:02am Feb 1, 2011 12:02am
good morning guys
i have 2 questions at first please tell me if i recognize the divergence correctly in GU TF30m and second do you think this is a pennant or some thing?
plz give me your ideas
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  • #270,668
  • Feb 1, 2011 12:08am Feb 1, 2011 12:08am
Quoting yasi
good morning guys
i have 2 questions at first please tell me if i recognize the divergence correctly in GU TF30m and second do you think this is a pennant or some thing?
plz give me your ideas
That divergence also exists on the 15M which I identified a while ago, however, it doesnt seem to matter as were still getting bullish action.
  • #270,669
  • Feb 1, 2011 12:16am Feb 1, 2011 12:16am
thanx for your view
  • #270,670
  • Feb 1, 2011 12:21am Feb 1, 2011 12:21am
GUYS i don't know if u confirmed it before or not but i think this is reversal H&S in TF daily and it will continue at least till resistance1 in 1.6106
of course i am waiting for your view like i always do
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  • #270,671
  • Feb 1, 2011 12:26am Feb 1, 2011 12:26am
Interesting!

:nerd:
  • #270,672
  • Feb 1, 2011 12:33am Feb 1, 2011 12:33am
What was with that 20 pip spike down on the 1M? It happened in 1-2 seconds. that was wierd.. and possibily indicative of something
  • #270,673
  • Feb 1, 2011 12:36am Feb 1, 2011 12:36am
Quoting fourxtrader
Here's one for those watching and
trading off of the 1M yielding ~50 pips.

Dr. D.
hi Dr D. Believe me i am getting ever so interested in your compression pattern approach. kindly tell me for instance, at this point that on the 15min, ur MAs are all fanned out, what would be ur next approach? always grateful for your tips. its still a serious learning process for me.

regards
  • #270,674
  • Feb 1, 2011 12:49am Feb 1, 2011 12:49am
Quoting Pipmysterio
We will touch 1.63 soon.
Hi Pipmysterio, when I read this post on Sunday I thought you were just joking. Now its about 32hrs after and I'm seeing exactly the same thing. I'm still amazed at how you could foretell price action so early. I'm impressed. Keep up the good work!
  • #270,675
  • Feb 1, 2011 1:09am Feb 1, 2011 1:09am
i think there is a hanging man in 1h
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  • #270,676
  • Feb 1, 2011 1:15am Feb 1, 2011 1:15am
Quoting yasi
i think there is a hanging man in 1h
I think the candle has a small shadow and may not be termed as a perfect hanging man.. but i'm short on cable..so I hope what you've told will work out :-)
green pips to you Yasi..
  • #270,677
  • Feb 1, 2011 1:19am Feb 1, 2011 1:19am
Quoting veer2010
I think the candle has a small shadow and may not be termed as a perfect hanging man.. but i'm short on cable..so I hope what you've told will work out :-)
green pips to you Yasi..
shadow is just around 2 pips only.... so still its hanging man...
  • #270,678
  • Feb 1, 2011 1:22am Feb 1, 2011 1:22am
Quoting nsrajesh
shadow is just around 2 pips only.... so still its hanging man...
I hope it is a hanging man... i'm short so i hope for that this is indeed a hanging man :-)
  • #270,679
  • Feb 1, 2011 1:28am Feb 1, 2011 1:28am
Quoting yasi
i think there is a hanging man in 1h
I'm waiting for news in two hours. We're in a critical zone, I think we need momentum for a bog move in any direction.
GBP Manufacturing PMI
http://www.forexfactory.com/images/m...etail_star.gif

58.0 58.3
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  • #270,680
  • Feb 1, 2011 1:29am Feb 1, 2011 1:29am
green pips to you too veer
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