Cable Update (GBPUSD)
- #271,162
- Edited 12:50am Feb 8, 2011 12:29am | Edited 12:50am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #271,164
- Feb 8, 2011 12:48am Feb 8, 2011 12:48am
Use your imagination as to how far.
Dr. D.
I am trying to imagine,
- #271,165
- Feb 8, 2011 12:51am Feb 8, 2011 12:51am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.
- #271,166
- Feb 8, 2011 12:53am Feb 8, 2011 12:53am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.
- #271,167
- Feb 8, 2011 1:02am Feb 8, 2011 1:02am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Hi there doc, just wondering when you quote the compression on the M5, there were also compression on M15 as well as M30 (though not as compressed as M5). When multiple time frame compress and release at the almost the same time, does it means more energy release?
I am trying to imagine,
not in as tight a pattern as the 5M. It's always good to drill
down to a lower tf to catch a better entry. See the eliptical
image on the 15M, it is spread down below the compression.
This is the same image that is printed on the 5M which is
positioned right on the point of compression. So it's always
better to look to the lower tfs for another c.pattern. The 30M
is in just as tight a pattern as the 5M but the PA has already
release up. Yes, when more than one tf is in compression it
often seems they can lend their energies to the move with
the smaller tf naturally building the larger.
Dr. D.
- #271,169
- Feb 8, 2011 1:16am Feb 8, 2011 1:16am
You'll notice in these updated images, the 15M EMAs were
not in as tight a pattern as the 5M. It's always good to drill
down to a lower tf to catch a better entry.
...
Dr. D.
, I still have lots to learn about the compression pattern, but it does help in finding a high probability trade. Thanks again.
- #271,170
- Feb 8, 2011 1:24am Feb 8, 2011 1:24am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Hi there doc, just wondering when you quote the compression on the M5, there were also compression on M15 as well as M30 (though not as compressed as M5). When multiple time frame compress and release at the almost the same time, does it means more energy release?
I am trying to imagine,
might stall at this level and only be an oscillation upward
to get a good run at the point of convergence in this larger
tf and then on down for an even bigger move. Like pulling
back on a rubber band or spreading apart a coil spring to
release its energy back towards the pattern on the larger tf.
If the 5M stalls well before 1.6200 without causing the 30M
to separate another c.pattern may still be in place.
Always look to the lower tfs for better entry patterns and
above to higher tfs for direction and how the energy might
transfer to larger patterns as they form.
A 1M compression pattern could form easily and drive this
move back down through the heart of the 30M c.pattern.
Dr. D.
- #271,172
- Feb 8, 2011 1:36am Feb 8, 2011 1:36am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #271,173
- Feb 8, 2011 1:39am Feb 8, 2011 1:39am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
i see it going towards 6200-10 for a possible correction of 50-60 pips.
if this happens we might see 1.6260 later on.
the 1.6200 as a logical destination but narrowed
the screen down not to suggest any absolutes
modestly leaving everything to the imagination.
Dr. D.
- #271,174
- Feb 8, 2011 1:48am Feb 8, 2011 1:48am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,049 Posts
6275 retest likely
- #271,177
- Feb 8, 2011 2:22am Feb 8, 2011 2:22am
When I painted the 'blue' ellipse, I spread it up to
the 1.6200 as a logical destination but narrowed
the screen down not to suggest any absolutes
modestly leaving everything to the imagination.
Dr. D.
I shorted fiber instead at 1.3640
Gl myself
Enter Signature
- #271,178
- Feb 8, 2011 2:32am Feb 8, 2011 2:32am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
You mean patients progress? Fortunately no, and none expected.
Prognosis is 'dim' and so is their cortical activity.
Job security. lol
Dr. D.
- #271,179
- Feb 8, 2011 2:34am Feb 8, 2011 2:34am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
morning traders 
so cable won't go anyway
I think it is going to be a bomb ....nooot
people will start to buy in anticipation to the BOE and price will rise but can soon drop when the sharks will laugh in our faces and sell,sell,sell
personally I still don't belive in the pre-news especially the ones published on sites that advertise diff investment companies or banks.....it's just another manipulation.
maybe some short scalps would do my day or if I find no entry I will just sit and wait the BIG NEWS.....
my opinion 1.6298 still has to be touched....that's for sure but it might take some months to go there....if you remember Ifty I was telling you this since dec about this rise and I told you I have patience.
on the other hand as long as it stays above 1.5750 it will still loose our time going up and down moved by some banks and big guys.
p.s. if 1 h ago the GBP was 4 times stronger than USD now it is nearly equal so for today I will take a long to max 1.6180
so cable won't go anyway
I think it is going to be a bomb ....nooot
people will start to buy in anticipation to the BOE and price will rise but can soon drop when the sharks will laugh in our faces and sell,sell,sell
personally I still don't belive in the pre-news especially the ones published on sites that advertise diff investment companies or banks.....it's just another manipulation.
maybe some short scalps would do my day or if I find no entry I will just sit and wait the BIG NEWS.....
my opinion 1.6298 still has to be touched....that's for sure but it might take some months to go there....if you remember Ifty I was telling you this since dec about this rise and I told you I have patience.
on the other hand as long as it stays above 1.5750 it will still loose our time going up and down moved by some banks and big guys.
p.s. if 1 h ago the GBP was 4 times stronger than USD now it is nearly equal so for today I will take a long to max 1.6180