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Cable Update (GBPUSD)

  • #277,521
  • Apr 27, 2011 2:47am Apr 27, 2011 2:47am
Quoting redbeben
here is my view
as stated in previous posts about the time span.we are closing to them.
50% confirmation so far as we have a cross on H4
now we need to brake the cloud in that circled area and as soon as one candle closes under 1.6380 level then we will go to TP1 ,TP2 and TP3

from 1.6163-55 area (I see it as 6155 as last stop but put the last TP at 1.618X area)we go up at least 100 pips up as a first TP,second TP at 50 pips more meaning 150 from bottom 1.6155 and third TP 1.637-8 area

now I am just wating for the other 50% confirmation in...

got it!
thanks
90% of traders use TA, indicators and prediction
  • #277,522
  • Apr 27, 2011 2:51am Apr 27, 2011 2:51am
Quoting juhanimi
Cool indicator, could not find any info when searching with Google, so could you give a link from where did you found that indicator.

Thanks.
Good day to you,

http://www.forexfactory.com/showthread.php?t=265806

It is called TMA Centered Mari in that post. I changed the name to TMAC as it sounded better...

If you want to read more - it's called a Triangular Moving Average. (TMA). This one is just centered, smoothed and ATR applied. Mari is not the creator - this spesific indi was created by Mladen and was intended for the elite section on another forex forum.

But since it is floating around in the public domain....

Regards
  • #277,523
  • Apr 27, 2011 2:51am Apr 27, 2011 2:51am
Quoting Schoey
Hi Tau,
Thanks for sharing this when I drop it in my mt4 indicator folder I cant see it in the list though anyone any ideas?
hi you should put your indicator here

Crogram Files<<your broker name>>expertsindicators

then in mt4

Insert Menu -> Indicators -> Custom -> TMAC

thats all
  • #277,524
  • Apr 27, 2011 2:51am Apr 27, 2011 2:51am
Quoting Mrleeforex
If it breaks 16400 that means Bear owned Bull (downtrend)

what do you think ?
hi,
i see 6380 as last line.
closing below it means more down for me.
as i see, also others here got the 6380...
so, let's see GDP release.
im only in "watch mode" for now
90% of traders use TA, indicators and prediction
  • #277,525
  • Apr 27, 2011 2:54am Apr 27, 2011 2:54am
Quoting redbeben
here is my view
as stated in previous posts about the time span.we are closing to them.
50% confirmation so far as we have a cross on H4
now we need to brake the cloud in that circled area and as soon as one candle closes under 1.6380 level then we will go to TP1 ,TP2 and TP3

from 1.6163-55 area (I see it as 6155 as last stop but put the last TP at 1.618X area)we go up at least 100 pips up as a first TP,second TP at 50 pips more meaning 150 from bottom 1.6155 and third TP 1.637-8 area

now I am just wating for the other 50% confirmation in...
i apologize if i appear dense, but ur last paragraph didnt quite make sense to me...are u saying that if it at the end of 16hr cable has just managed to break 1.6380 then you would cancel your shorts?

and from ur bottom at 1.6155, u feel that price will go back upto 1.6300, but not target 1.67 as u originally thought?
  • #277,526
  • Apr 27, 2011 2:56am Apr 27, 2011 2:56am
Quoting Schoey
Hi Tau,
Thanks for sharing this when I drop it in my mt4 indicator folder I cant see it in the list though anyone any ideas?
Good day to you,

You either need to close and restart MT4, or your indicator folder has reached limit in terms of indicators present in that folder. You will have to delete one or 2 - then it will show.

Hope this assists

Regards
  • #277,527
  • Apr 27, 2011 2:56am Apr 27, 2011 2:56am
1.6455 is a good support level to take not at. :-)
The market will deceive you. Make your own judgement.
  • #277,528
  • Apr 27, 2011 2:59am Apr 27, 2011 2:59am
Long entered @ 1.6445. SL tight.

Regards
  • #277,529
  • Apr 27, 2011 3:05am Apr 27, 2011 3:05am
Quoting nsrajesh
can we expect this as still 1H down trend is not yet broken..??

http://www.forexfactory.com/attachme...7&d=1303873776
is it happening??
  • #277,530
  • Apr 27, 2011 3:09am Apr 27, 2011 3:09am
Quoting TauTrader
Long entered @ 1.6445. SL tight.

Regards
morning,
i picked 6454
SL tight too...
where to TGT?
im thinkin to close half in 6470 if goes. then SL @BE before news...
90% of traders use TA, indicators and prediction
  • #277,531
  • Apr 27, 2011 3:09am Apr 27, 2011 3:09am
Quoting TauTrader
Long entered @ 1.6445. SL tight.

Regards

Follow :-)
The market will deceive you. Make your own judgement.
  • #277,532
  • Apr 27, 2011 3:09am Apr 27, 2011 3:09am
Morning all.

Just a suggestion - with the UK GDP news coming out in 20mins, probably a good idea to wait and see what happens rather than making a trade.

The expected figure is for 0.5% growth - this expectation has already been revised (was 0.7%) so it is probably not going to be very good news for the GBP.

However, we cannot guess for sure, and this particular news report always has a big effect on Cable, either up or down.

For what it is worth, I've closed all but one of my shorts (1.657x) and am on the sidelines.

Good luck.
  • #277,533
  • Apr 27, 2011 3:11am Apr 27, 2011 3:11am
Quoting TauTrader
Long entered @ 1.6445. SL tight.

Regards
SL to BE. Only scalping BB. Too close to news

Regards
  • #277,534
  • Apr 27, 2011 3:14am Apr 27, 2011 3:14am
Quoting TauTrader
SL to BE. Only scalping BB. Too close to news

Regards
Out for a few. Now wait for news.

Regards
  • #277,535
  • Apr 27, 2011 3:15am Apr 27, 2011 3:15am
Another test on the previous 1hr/4hr swing lo zone around yestyerday's lo and a downside breech of the 4hr ascending trend line, with 76.4% 6386-6599 and 38.2$ 6165-same 6599 Hi and Daily S1 all in there at the current daily lo..

Below here and some unbreeched fibs of the main swings up to that 6599 hi from and including 5935 await as well as less steep 4hr ascending trend lines and of course the previous near-term areas of demand/supply and supply/demand imbalances.

Event Risk: Uk Q1 GDP 1st read at 0830am gmt...0.5% expected against -0.5% for Q4 2010, anything at 0.2% or less most likely to see knee-jerk pressure on £ and converseley anything at +0.6% and above most likely to see knee-jerk relief for £.

It's data - anything can happen (or nothing.)

G/L
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ex member
  • #277,536
  • Apr 27, 2011 3:16am Apr 27, 2011 3:16am
didn't take this scalp - I'm a dumb*ss - was a no-brainer
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  • #277,537
  • Apr 27, 2011 3:20am Apr 27, 2011 3:20am
Quoting monkey@forex
i apologize if i appear dense, but ur last paragraph didnt quite make sense to me...are u saying that if it at the end of 16hr cable has just managed to break 1.6380 then you would cancel your shorts?

and from ur bottom at 1.6155, u feel that price will go back upto 1.6300, but not target 1.67 as u originally thought?
hi there

confusing indeed.
In this moment I have my longs in place with TP at 1.67 and they will stay there untill TP will be touched.
Shorts in place as well with TP 1.55 but less than the longs as longs will be the first ones to hit TP

if price will brake that line in more than 16 h I don't care selling any other positions meaning I will not open other sell trades with 1.6155 TP

Let me explain better.I trade intraday and long term as well

I do the intraday for living and the rest when it comes

So if the price won't go under that line in that time span there is no need for me to sell if it brakes later as I am not chasing the market.The market has to come to me.

If I only use 50% confirmation why should I risk it?


Now talking about the 1.6155 level going up to 1.6380 level again.

the same story here.it does not mean it will stop there but this is the last TP from this up move.So this would be the TP for a intraday-med term trade.

then we will have a correction and then 1.67

does it make more sense now? If not I will try to put it again with charts this time
  • #277,538
  • Apr 27, 2011 3:25am Apr 27, 2011 3:25am
Quoting TauTrader
SL to BE. Only scalping BB. Too close to news

Regards

i closed
90% of traders use TA, indicators and prediction
  • #277,539
  • Apr 27, 2011 3:26am Apr 27, 2011 3:26am
Heres my GDP prediction: FF will freeze for a couple of minutes ...
  • #277,540
  • Apr 27, 2011 3:27am Apr 27, 2011 3:27am
A bad Q1 Gdp # likely puts the final nail in the coffin of a near-term rate rise by Boe/MPC ?...could see a big reaction...the greater probability remains though for a better than forecast #, wether or not this comes to pass when the actual is printed in a few minutes time.

With volatility comes opportunity or so the old adage goes, lets hope for a good reaction to get involved with.

G/L
ex member
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