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Cable Update (GBPUSD)

  • #272,261
  • Edited 10:50am Feb 17, 2011 10:37am | Edited 10:50am
I took a scalp short again 1.6175 for 20 - 30 pips target !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #272,262
  • Feb 17, 2011 10:42am Feb 17, 2011 10:42am
Quoting manize
I took a scalp short again 1.6175 for 20 - 30 pips target !
Same entry with me and we'll get 100 pips
  • #272,263
  • Feb 17, 2011 10:47am Feb 17, 2011 10:47am
Quoting gsantri
Same entry with me and we'll get 100 pips
I may shift to go long on blue bottom line bullish channel ! (1.6085 - 109) for 20 - 30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #272,264
  • Feb 17, 2011 10:57am Feb 17, 2011 10:57am
Quoting manize
I may shift to go long on blue bottom line bullish channel ! (1.6085 - 109) for 20 - 30 pips !

Manize

Might see another push up from this narrow 1M.

Dr. D.
Attached Image
  • #272,265
  • Feb 17, 2011 10:58am Feb 17, 2011 10:58am
Quoting manize
I may shift to go long on blue bottom line bullish channel ! (1.6085 - 109) for 20 - 30 pips !
and I have sell limit @6210. I still believe with bearish divergence.
Let's see how London boy will go for profit taking.

After then I see no room For NY except push dollar up, too many goes to gold now imo.
  • #272,266
  • Feb 17, 2011 11:17am Feb 17, 2011 11:17am
Quoting gsantri
and I have sell limit @6210. I still believe with bearish divergence.
Let's see how London boy will go for profit taking.

After then I see no room For NY except push dollar up, too many goes to gold now imo.
bearish div in what t.frame?
I will be the number one Manager.
  • #272,267
  • Feb 17, 2011 11:20am Feb 17, 2011 11:20am
Done...
Today my Loss of 2 times (10 + 21 = 31) closed with...

London Market's was CLOSED ! And Now, I can SLEEPING Well

G/L for All.

Quoting Tsar
Hi Doc,

Thank's for Conform.
Target UP will Hit @ 1.6191 - D1 Res C
Always looking the GREAT, never left GOOD Point...
  • #272,268
  • Edited 11:52am Feb 17, 2011 11:36am | Edited 11:52am
Quoting javapips
bearish div in what t.frame?
M30.
0.6 vol taken for 22 pips SL @BE TP 6075.

I must go for sleep now. c u all tomorrow. G/L

EDIT: Sorry SL moved to 6197.

Gak kuku ngantuk pisan
Attached Image
  • #272,269
  • Edited 12:03pm Feb 17, 2011 11:49am | Edited 12:03pm
Quoting manize
I may shift to go long on blue bottom line bullish channel ! (1.6085 - 109) for 20 - 30 pips !
Bro manize,

First Target UP was Finished. And DOUBLE TOP. I'm not Sure still Bullish.
Take a Look in H1 - Harmonic Pattern... and Watch at Point W1 Res C

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-18_H1 .JPG Size: 153 KB
Always looking the GREAT, never left GOOD Point...
  • #272,270
  • Feb 17, 2011 11:58am Feb 17, 2011 11:58am
Quoting gsantri
M30.
0.6 vol taken for 22 pips SL @BE TP 6075.

I must go for sleep now. c u all tomorrow. G/L

EDIT: Sorry SL moved to 6197.

Gak kuku ngantuk pisan
Bro... Still Trade ??
She will Re-Test again...

ID
Masih Penasaran ya...
Always looking the GREAT, never left GOOD Point...
  • #272,271
  • Edited 2:39pm Feb 17, 2011 12:05pm | Edited 2:39pm
Quoting fourxtrader
Manize

Might see another push up from this narrow 1M.

Dr. D.
I like to view the EMAs (individually and in patterns) as energy
levels. Where we see a sustained direction of price movement
displayed on multiple TFs with good separation in the EMAs and
then a pause and pull back occurs, I then look to see if previous
energy levels (represented by individual colors [EMAs]) will provide
or maintain a level of support for the receding price.

In this pull back on the 1M chart, the price broke down through
the 'papaya / beige' EMA [~1.6163] which previously offered a level
of support. (compare this with 1M chart in previous post above)


With this failure on the 1M we then must move to the next TF [5M]
and look where the previous energy levels of support had been ['green -
papaya / beige'] now at ~ 1.6141 - 1.6134. We currently see that the
price did not fall to that level and has bounced off of the 'magenta'
EMA [~1.6146] which now represent a support level going forward.

It's as though there must be strength (sufficient energy) to not only
hold the price as it retracts back but also lend energy if possible for
a bounce back in the original direction of the trend (relative to the
TFs involved in the analysis.)

As long as the involved EMAs per TF are in separation, the trend
direction should be respected until there is a breakdown and / or
roll-over. The 15M ['blue' - ~1.6140] would be the next supporting
TF to observe as an 'energy level' should the 5M ultimately fail and
so on and so forth up on up through the next higher TFs.

Just my unortodox view.

Dr. D.
Attached Images
  • #272,272
  • Feb 17, 2011 12:26pm Feb 17, 2011 12:26pm
D1 - just 2 closes below EMA20 in 6 weeks and they were both sundays
H4 - bit of resistance 16170 ... maybe a retrace to test 16130 support before further upside
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  • #272,273
  • Feb 17, 2011 12:41pm Feb 17, 2011 12:41pm
Quoting gsantri
M30.
0.6 vol taken for 22 pips SL @BE TP 6075.

I must go for sleep now. c u all tomorrow. G/L

EDIT: Sorry SL moved to 6197.

Gak kuku ngantuk pisan

it could be difference perspective about divergent, point 1 and 2 (from picture) it could be divergent, but for me point 3 is not divergent, from what i know divergent is compare swing now to swing before, not to swing swing before, or swing swing swing before..
if use your perspective it will be so many divergent, even now price move till 1.63 will be no guaranty that signal in that number will be higher that point 1,

in advanced mode combining with elliot wave, divergent happen in wave 3 or wave 5 when the trend almost end so after that will be any correction, if the trend is not change so it will make Hidden divergent. one time divergent fail and price move break that divergent mostly it will go fast.

i could be wrong, but thats what i know about divergent.

thanks you. and don't give too much applause for this...

have a good sleep indonesia...




ps: i don't talking about where next move will be.
Attached Image
I will be the number one Manager.
  • #272,274
  • Feb 17, 2011 1:39pm Feb 17, 2011 1:39pm
For the moment, and before it changes and messes
up my illustration... LOL

Here's an interesting pattern to present showing that
on this 5M chart each of the recent pull-backs have
failed to penetrate lower through the 'higher' energy
levels as represent by higher MA periods.

I would submit that the lowest EMAs such as the 6
EMA though more volatile and reactive to PA is also
less stable as an energy level for support than the 144
displayed on the opposite end of the spectrum.

Disregarding the fact that the EMAs technically and
mathematically speaking are merely the expression
and reflection of the PA, yet while viewing them as
dynamic continuallly changing areas of support or
resistance (credit 'eohater's progressive observation)
they become and provide an interesting and useful
tool when viewed in this light... as gradients of energy.

This 5M chart shows that at an earlier point, the price
retracted to 'papaya/ beige' 126EMA and later penetrated
down through fewer of the EMAs to the 'red' (108EMA)
and next only retraced to the 'magenta' 72EMA and now
more recently only to the 'yellow' 54EMA. This suggests
a series of higher lows on retracement (fewer sellers or
less commitment and follow through) and hence less
energy needed to support the rising momentum.

Let's not talk about the decining higher highs in price.

Just my unorthodox views.

Dr. D.
Attached Image
  • #272,275
  • Feb 17, 2011 3:58pm Feb 17, 2011 3:58pm
Quoting fourxtrader
I like to view the EMAs (individually and in patterns) as energy
levels. Where we see a sustained direction of price movement
displayed on multiple TFs with good separation in the EMAs and
then a pause and pull back occurs, I then look to see if previous
energy levels (represented by individual [i][color=blue]colors...
goood.
very good.

i like it so much!
90% of traders use TA, indicators and prediction
  • #272,276
  • Feb 17, 2011 4:18pm Feb 17, 2011 4:18pm
is this a double bottom?
am i wrong?
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90% of traders use TA, indicators and prediction
  • #272,277
  • Feb 17, 2011 5:55pm Feb 17, 2011 5:55pm
Quoting fourxtrader
For the moment, and before it changes and messes
up my illustration... LOL

Here's an interesting pattern to present showing that
on this 5M chart each of the recent pull-backs have
failed to penetrate lower through the 'higher' energy
levels as represent by higher MA periods.

I would submit that [i][color=blue]the lowest EMAs...
can you please explain those EMA periods and if apply to close price or other?
tks
90% of traders use TA, indicators and prediction
  • #272,278
  • Feb 17, 2011 7:06pm Feb 17, 2011 7:06pm
Quoting _BBKing_
can you please explain those EMA periods and if apply to close price or other?
tks
Go here for their listing:

http://www.forexfactory.com/showthre...43#post4381743

Dr. D.
  • #272,279
  • Feb 17, 2011 7:23pm Feb 17, 2011 7:23pm
It's Really Perfect Bearish Butterfly + Double TOP
Trend BULLISH made with Strong Foundation Completely. Reversal will come TRUE...

Today is FRIDAY !! After REVERSAL, Posible (Strong) PULLBACK again !

Be Carefull Traders... Attention at LONDON Market's Open... :nerd:

IMHO

Quoting Tsar
Bro manize,

First Target UP was Finished. And DOUBLE TOP. I'm not Sure still Bullish.
Take a Look in H1 - Harmonic Pattern... and Watch at Point W1 Res C

Quoting Tsar
Hi Doc,

Thank's for Conform.
Target UP will Hit @ 1.6191 - D1 Res C
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-18_Harmonic H1.JPG Size: 232 KB
Always looking the GREAT, never left GOOD Point...
  • #272,280
  • Feb 17, 2011 7:41pm Feb 17, 2011 7:41pm
Quoting fourxtrader
For the moment, and before it changes and messes
up my illustration... LOL

Here's an interesting pattern to present showing that
on this 5M chart each of the recent pull-backs have
failed to penetrate lower through the 'higher' energy
levels as represent by higher MA periods.
...
...
This 5M chart shows that at an earlier point, the price......
Notice the EMA pattern on the 5M is starting to flatten out as
the price begins to stall while still maintaining separation. Two
of the last three pull-backs touched the 'green' 90EMA (and
now currently at the 108EMA 'red' line), after the 54EMA 'yellow'
had held for some time.

The 15M chart patterns remain widely separated.

We could see a consolidation into the LDN session as the EMAs
gather again into another compression pattern on the 5M
without fully affecting the 15M. The 30M and 1H have good
separation and the movement and momentum is still up.

Still, everything needs a pause. A pull-back and compression
in the 5M to ~1.6150 in the hours to come to build another
wave of energy for the next good move would not collapse
the 15M pattern or even phase the higher TF as the price
would only retrace to the 72EMA 'magenta' line. (~1.6150)

With the higher TFs (30M and 1H) in good separation I would
not jump at shorting this other than a scalp if the 5M fully
collapses. I would always respect the higher TF and let the
EMAs on the lower TFs to progressively lead the way.

Dr. D.
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