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Cable Update (GBPUSD)

  • #275,121
  • Mar 31, 2011 11:58am Mar 31, 2011 11:58am
Quoting redbeben
hi again.

bbakker-I found out how to make it work faster and not to crash anymore .

Tools/Options/Charts/Max bars in History you could make it 1000 as well as Max bars in chart.

it seems to work faster now I can change the TFS

yyyhaaaaaaa

from 291,000 K it dropped to 33,000 k


weeeeeee I have a platform nowwwwwwwwww
Nice find

I shall remember for future reference!
  • #275,122
  • Mar 31, 2011 12:01pm Mar 31, 2011 12:01pm
Quoting bbakker
Nice find

I shall remember for future reference!
wasn't me

a trader pointed out to the one and only trader that showed me how to use ichi
  • #275,123
  • Mar 31, 2011 12:59pm Mar 31, 2011 12:59pm
Quoting redbeben
and this is the reason for this massive drop

As I mentioned in some previous posts ichi means equilibrium so what goes up must come down.YEsterday we had a big moove up in order to cross the lines on H4 and it was a more up move than up and down and this caused this blue line to lay flat there and attract the price.

as you can see on H4 the price went down to it .Rsi is still not up to 70 so need to go up more but stochs is at max.

the down move was caused by the attraction and the R level hit.

we will still have the 1.64 I am afraid.there...

first TP touched

need now the 1.61(1.6097) and 1.612X(1.6122 to be more precise but it depends on the broker)
  • #275,124
  • Mar 31, 2011 1:10pm Mar 31, 2011 1:10pm
Quoting redbeben
first TP touched

need now the 1.61(1.6097) and 1.612X(1.6122 to be more precise but it depends on the broker)
i got a BUY @ 1.6040, seems to have bounched off support start of week and now on a upward channel, already had a earlier BUY but got stopped out today when it fell to 1.6050 but got 80pips, so now back in, just shame NFP tomorrow as it prob won;t move much and then rocket up or down depending on NFP mo fo and if it stay around this price stop loss just above 1.6040 not gonna be safe
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 66 KB
  • #275,125
  • Mar 31, 2011 1:14pm Mar 31, 2011 1:14pm
Quoting gh0stjpy
i got a BUY @ 1.6040, seems to have bounched off support start of week and now on a upward channel, already had a earlier BUY but got stopped out today when it fell to 1.6050 but got 80pips, so now back in, just shame NFP tomorrow as it prob won;t move much and then rocket up or down depending on NFP mo fo and if it stay around this price stop loss just above 1.6040 not gonna be safe

I'm afraid NFP will be god for GBP

it's just a hunch and a bet I made for a barrel of Magners so I'd better be right.
I see a 1.64 pretty soon and even more if I look at the W and M chart
  • #275,126
  • Mar 31, 2011 1:20pm Mar 31, 2011 1:20pm
Quoting redbeben
first TP touched

need now the 1.61(1.6097) and 1.612X(1.6122 to be more precise but it depends on the broker)
This time of day ,week ,month, it probably depends more on how price reacts to 200ema 1 Hr.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (29-MAR-11).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #275,127
  • Mar 31, 2011 2:35pm Mar 31, 2011 2:35pm
hi there

thanks kas for pointing out

anybody knows how to look at this ? I guess it is a pennant on H4 but I don;t know what it means ..don't laugh at me nAVIN,I'm really not into this formations
Attached Image (click to enlarge)
Click to Enlarge Name: pennant.JPG Size: 193 KB
  • #275,128
  • Edited 3:41pm Mar 31, 2011 3:26pm | Edited 3:41pm
Quoting redbeben
hi there

thanks kas for pointing out

anybody knows how to look at this ? I guess it is a pennant on H4 but I don;t know what it means ..don't laugh at me nAVIN,I'm really not into this formations
Hi Redbe.

A pennant as i understand is a formation of price in a tight channel whatever time frame.Defined by trend lines as you have shown

Also known as consolidation of price.

Consolidation indicates a breakout will happen.

A pennant as opposed to a boring line of consolidation indicates and shows a movement up and down within that channel.

You can use your other indies and areas of confluence to track the probability of direction on the breakout.

BTW nAV wont laugh at you ... he'll only ever help and encourage you to follow your own set of rules.
All systems of divination, like music itself,work through patterns.
  • #275,129
  • Mar 31, 2011 3:51pm Mar 31, 2011 3:51pm
Quoting redbeben
I'm afraid NFP will be god for GBP

it's just a hunch and a bet I made for a barrel of Magners so I'd better be right.
I see a 1.64 pretty soon and even more if I look at the W and M chart

Hi Redbeben,
Well can you help me understand how u came to the conclusion that we will see 1,64 or even more. Please find below my analysis as how I see it:
-pin bar on daily (last day of the month)
-pin bar last wk (it is still in play as the wk is not finished yet)
-Outside bar on monthly
-price trying to close below last months (feb2011) low
-month of march price has been rejected from a confluence of 76%fib on monthly/strong wkly resistence

-I expect the price to atleast come to 1,5650 level which happens to be the 50% fib on the monthly

I am not a scalper, I base my analysis starting from monthly charts, but your post made me curious, may be I am missing something.

Kind regards
Kashif
  • #275,130
  • Mar 31, 2011 4:06pm Mar 31, 2011 4:06pm
Quoting mkashifk
Hi Redbeben,
Well can you help me understand how u came to the conclusion that we will see 1,64 or even more. Please find below my analysis as how I see it:
-pin bar on daily (last day of the month)
-pin bar last wk (it is still in play as the wk is not finished yet)
-Outside bar on monthly
-price trying to close below last months (feb2011) low
-month of march price has been rejected from a confluence of 76%fib on monthly/strong wkly resistence

-I expect the price to atleast come to 1,5650 level which happens to be the 50% fib on the monthly

I...
well am out 1.6050 , but that rising support line still holding???

Kash can u post chart(s) showing ur analysis above??

btw: anyone see that crazy spike on GU 5mins ago???? !!!!!!
  • #275,131
  • Mar 31, 2011 4:16pm Mar 31, 2011 4:16pm
Quoting gh0stjpy
well am out 1.6050 , but that rising support line still holding???

Kash can u post chart(s) showing ur analysis above??

btw: anyone see that crazy spike on GU 5mins ago???? !!!!!!

Here they are:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3_daily_gbpusd_sell_ct_01042011.gif Size: 13 KB
Click to Enlarge Name: 3_1_wkly_gbpusd_sell_ct_01042011.gif Size: 13 KB
Click to Enlarge Name: 3_2_monthly_gbpusd_sell_ct_01042011.gif Size: 13 KB
  • #275,132
  • Mar 31, 2011 4:21pm Mar 31, 2011 4:21pm
Quoting mkashifk
Here they are:
nice one dude

well lets see what happens...
  • #275,133
  • Edited 5:06pm Mar 31, 2011 4:33pm | Edited 5:06pm
Quoting gh0stjpy
nice one dude

well lets see what happens...
Please note that I won't be trading right off, will wait for the price to penetrate yesterdays low and make a retrace till 1.6080
sl=1.6156
be=1.6030
trailing sl =60pips

Kind regards
Kashif

Note: don't take this as a trade signal, I had been and may still be 100% wrong, but I am mentally prepared for this loss. Trade according to your charts.
  • #275,134
  • Mar 31, 2011 6:04pm Mar 31, 2011 6:04pm
Quoting mkashifk
Hi Redbeben,
Well can you help me understand how u came to the conclusion that we will see 1,64 or even more. Please find below my analysis as how I see it:
-pin bar on daily (last day of the month)
-pin bar last wk (it is still in play as the wk is not finished yet)
-Outside bar on monthly
-price trying to close below last months (feb2011) low
-month of march price has been rejected from a confluence of 76%fib on monthly/strong wkly resistence

-I expect the price to atleast come to 1,5650 level which happens to be the 50% fib on the monthly

I...
I do agree with your perspective regarding the 1.56 scenario, that would accomplish an ABC corrective structure, or even a five wave Impulsive terminating above the Low of 1.5344 achieved on the 28th December 2010
For a shorter time perspective I am expecting PA to reach the zone of 1.6168/1.6222 which is the 50% and 61.8% fib retracement on or before the 5th April before the G/U resumes its down move.
Attached is my current Delta count with ? marking possible scenario/s.
Traders familiar with Delta will observe that this pair is entering Inversion Time Widow (ITW) on MTD an ITD TFs, so the counts might prove to be more challenging. ITW is often accompanied with large price movement, providing some spectacular potentials but also some severe dangers.
SL must be obeyed as always or/and other ways of hedging.
Attached Image (click to enlarge)
Click to Enlarge Name: GPB-USD ITD-MTD 30-03-2011 Daily.jpg Size: 175 KB
Make sure losses are small and profits are bigger!
  • #275,135
  • Mar 31, 2011 6:37pm Mar 31, 2011 6:37pm
triangle break in 15m chart. could this break 1.60?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 41 KB
I fought the SNB and the SNB won.
  • #275,136
  • Edited 9:05pm Mar 31, 2011 7:27pm | Edited 9:05pm
My bias is for short on daily we have a
Right-Angled and Ascending Broadening Formation and since the rejection on the last daily candle forming a pin bar into a pullback during a downtrend I'm going short. with a stop below the tail of the last candle.
also full divergence on rsi
Attached Image (click to enlarge)
Click to Enlarge Name: daily gbpusd.gif Size: 39 KB
  • #275,137
  • Mar 31, 2011 7:57pm Mar 31, 2011 7:57pm
Quoting seekerz
already sell from 1.6138, target monthly candle low..
close @ 1.6026.. just 112 pips x 2 lot, not bad..
today is waiting for NFP..
have a nice day...
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,138
  • Edited Apr 1, 2011 12:06am Mar 31, 2011 9:20pm | Edited Apr 1, 2011 12:06am
Quoting Allseeingeye
http://www.youtube.com/watch?v=1qOSScWRJX4
??? ???

Buy @1.6040..

closed +10
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,139
  • Apr 1, 2011 1:14am Apr 1, 2011 1:14am
GBP closed with an obvious signal of short in daily chart, how many people will believe this and go for a brave short ?
Believe what you see instead of what you think!
  • #275,140
  • Apr 1, 2011 1:46am Apr 1, 2011 1:46am
I put my SHORT position 1.6039. It is currently going up but haven't reached my SL. It is still unknown whether it will really go down past .5936 or go up past .6151. Probably we need more players ?
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