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Cable Update (GBPUSD)

  • #297,361
  • Jan 11, 2012 6:38am Jan 11, 2012 6:38am
Quoting Ill-b-back
Also a bit drunk with parents tonight at dinner, so no way trading main account
Recent weekly price action not been kind to bulls. Will be surprised to see a close above 55 anytime soon IMO
Come with me if you want to live....
  • #297,362
  • Jan 11, 2012 6:39am Jan 11, 2012 6:39am
Quoting Ill-b-back
Recent weekly price action not been kind to bulls. Will be surprised to see a close above 55 anytime soon IMO
Off to sleep, have broken my forex curfew
Come with me if you want to live....
  • #297,363
  • Jan 11, 2012 6:42am Jan 11, 2012 6:42am
Quoting _BBKing_
good day to you,
sounds good.
will you let us know more about these cycles?
im trying since weeks and weeks to understand if market works in a kind of timing cycles or similiar, but im still in deep dark about this!
Good day to you,

Posted a long post - then computer dropped me. So starting again -

Cycles / waves / legs / frequencies / periods - call it what you will - they do exist. Finding these to trade successfully on a consistent basis, is the difficult part. Some fixed indicators have been developed to attempt to capture these - but they are not consistent. Fudo is also a scolar of cycles - so he may be able to answer better. Some recalculating(repainting) indicators have been developed - but again - how do you trust these?

I am studying a combination of fixed and repainting indicators coupled with average lines calculated from open/close prices as well as RSI, PA angles and MTF setups to see if I can get consistent in identifying these cycles and to be able to spot trend design.

The higher timeframes seem better - but dealing with fake moves and stop hunting could end up in large drawdown before the actual move takes shape. So - still a lot of work to do in terms of entry and exit and timing.

As an example ( and please take this with very little weight) - EU is prepping for a long cycle on the 4hr - but this could take a while to form. So I am testing this one now with a long entry ( live account but VERY small position) @ 1.2686.

GU does not align with EU - although both may react the same way.

I will defenitely let you know if any consistent progress is made - I do not have high hopes - but just maybe

Regards
  • #297,364
  • Jan 11, 2012 6:44am Jan 11, 2012 6:44am
Quoting inpatient
i was in 22hrs ago long from 1.54250 riding up to 1.55 (TP @ just less than the 1.55 mark as it didnt seem to have it on two occassions now. TP now and expecting a slide down another 60 pips.

Just my luck it will break 1.55 now!
great stuff woke up, happy again. Long now at 1.53770 back up hopefully another 60
Money never sleeps...
  • #297,365
  • Jan 11, 2012 6:58am Jan 11, 2012 6:58am
The first pattern designed by me
Attached Image (click to enlarge)
Click to Enlarge Name: cinder man bullish pattern.gif Size: 18 KB
  • #297,366
  • Jan 11, 2012 6:59am Jan 11, 2012 6:59am
Quoting TauTrader
Good day to you,

Posted a long post - then computer dropped me. So starting again -

Cycles / waves / legs / frequencies / periods - call it what you will - they do exist. Finding these to trade successfully on a consistent basis, is the difficult part. Some fixed indicators have been developed to attempt to capture these - but they are not consistent. Fudo is also a scolar of cycles - so he may be able to answer better. Some recalculating(repainting) indicators have been developed - but again - how do you trust these?

I am studying a combination...
thank you,
what actually im trying to understand is fibonacci's time zones (seen in mt4)
around the web i found billions of pages on how to use it but sincerely i dont really understand very well.
im today testing tradestation where there is a kind of cycle indicator. a bit complex to use im looking forward something.
definetly what i think is that there must be something not known for the major part of us, about timing cycles where price in a cycle is favoured down, and in the other is favoured up.
since forex is driven also by stock markets and risk sentiments etc... maybe the answer is somewhere else than in charts.
90% of traders use TA, indicators and prediction
  • #297,367
  • Jan 11, 2012 7:04am Jan 11, 2012 7:04am
as I expected... with the GBP index, it had dropped like a stone in the past 4 hours..

Shorting all gbp pairs has my basket up +700 with much more room to the downside.

See you guys down south =)

I'm trading live btw
  • #297,368
  • Jan 11, 2012 7:05am Jan 11, 2012 7:05am
Quoting TauTrader
Good day to you,

Posted a long post - then computer dropped me. So starting again -

Cycles / waves / legs / frequencies / periods - call it what you will - they do exist. Finding these to trade successfully on a consistent basis, is the difficult part. Some fixed indicators have been developed to attempt to capture these - but they are not consistent. Fudo is also a scolar of cycles - so he may be able to answer better. Some recalculating(repainting) indicators have been developed - but again - how do you trust these?

I am studying a combination...
Good day to you,

Please, again - do not put any weight on this post. My apology for being off topic - just discussing. The 1hr actually agrees with the 4hr for EU - so target is set. See chart.

BUT - BIG BUT. Just testing a very small entry to see how it holds up. Could be a total bomb out -

Now finished with the irrelevant posting

Warm regards
Attached Image (click to enlarge)
Click to Enlarge Name: eu012012a.jpg Size: 110 KB
  • #297,369
  • Edited 7:23am Jan 11, 2012 7:06am | Edited 7:23am
Nice play , direct to bottom eu, gu , the big candle at last ! next bout to more down expecting , eu 2590 & gu 5288 .reached one level of interest already though .
watching 5424/45 gu ( 13,19 ok start to test ) , below 2731/47 eu for next short with crude oil inventories news next ? may be .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,370
  • Jan 11, 2012 7:08am Jan 11, 2012 7:08am
Quoting Cinder Man
The first pattern designed by me
Good day to you,

Beautiful chart. I like it.

All success
  • #297,371
  • Jan 11, 2012 7:09am Jan 11, 2012 7:09am
Quoting Ill-b-back
That's what I'm talkin' about. I think it's a shake out (but could b wrong)
GDP f... the pattern
  • #297,372
  • Jan 11, 2012 7:16am Jan 11, 2012 7:16am
Quoting TauTrader
Good day to you,

Please, again - do not put any weight on this post. My apology for being off topic - just discussing. The 1hr actually agrees with the 4hr for EU - so target is set. See chart.

BUT - BIG BUT. Just testing a very small entry to see how it holds up. Could be a total bomb out -

Now finished with the irrelevant posting

Warm regards

looks interesting.
good luck in your research!
90% of traders use TA, indicators and prediction
  • #297,373
  • Jan 11, 2012 7:17am Jan 11, 2012 7:17am
Quoting _BBKing_
thank you,
what actually im trying to understand is fibonacci's time zones (seen in mt4)
around the web i found billions of pages on how to use it but sincerely i dont really understand very well.
im today testing tradestation where there is a kind of cycle indicator. a bit complex to use im looking forward something.
definetly what i think is that there must be something not known for the major part of us, about timing cycles where price in a cycle is favoured down, and in the other is favoured up.
since forex is driven also by stock markets and...
One of my brokers has an excellent fibonacci time zone indicator...i did a webinar on it some time ago. Capital Spreads.Thought it may be of interest... if i could understand it anyone could.
All systems of divination, like music itself,work through patterns.
  • #297,374
  • Jan 11, 2012 7:20am Jan 11, 2012 7:20am
Quoting TauTrader
Is this an online dating site now?
  • #297,375
  • Jan 11, 2012 7:21am Jan 11, 2012 7:21am
Quoting fontu
Nice play , direct to bottom eu, gu , next bout to more down expecting , eu 2590 & gu 5288 .reached one level of interest already though .
watching 5424/45 gu ( 13,19 ok start to test ) , below 2731/47 eu for next short with crude oil inventories news next ? may be .
fontu
Good day to you,

Great respect. Very good trader.

Regards
  • #297,376
  • Jan 11, 2012 7:26am Jan 11, 2012 7:26am
Quoting TauTrader
Good day to you,

Great respect. Very good trader.

Regards
Thanks , yes . not that great with low profile most time in the morning but added more inbetween , ok . just doing and always do one way till change the boat with whatever turmoils it plays . all ok everything be ok & wrong to take loose if play wrong & unsafe way & great change actually happened.
thanks
fontu
the disaster big candle come true , posted in eu thread .
http://www.forexfactory.com/showthre...23#post5284823
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,377
  • Jan 11, 2012 7:27am Jan 11, 2012 7:27am
Quoting kaspopsicle
One of my brokers has an excellent fibonacci time zone indicator...i did a webinar on it some time ago. Capital Spreads.Thought it may be of interest... if i could understand it anyone could.

i think i should spend more time to understand that indicator!
what confuses me is where to start drawing it and where to pick the end of it.
will search about some webinar too!
thanks
90% of traders use TA, indicators and prediction
  • #297,378
  • Jan 11, 2012 7:31am Jan 11, 2012 7:31am
my view....
Attached Image (click to enlarge)
Click to Enlarge Name: my view 1.gif Size: 43 KB
  • #297,379
  • Jan 11, 2012 7:35am Jan 11, 2012 7:35am
On my indices I believe that GBP will head south for atleast another week or two... USD seems to be heading north again after some correction yesterday.
  • #297,380
  • Jan 11, 2012 7:54am Jan 11, 2012 7:54am
Quoting _BBKing_

i think i should spend more time to understand that indicator!
what confuses me is where to start drawing it and where to pick the end of it.
will search about some webinar too!
thanks
Its all automatic on Capital, the webinar is free. Gave me an understanding of how to draw it for myself.
All systems of divination, like music itself,work through patterns.
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