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Cable Update (GBPUSD)

  • #331,901
  • Dec 6, 2012 1:29pm Dec 6, 2012 1:29pm
Quoting Ill-b-back
Also thought I would share this...

Since breaking out of nAV's famous thick purple 16 month channel (damn that's a high time frame),

I see Ben's intentions, or at least I think I do...

Break/retest, break/retest, rinse and repeat lol...
dont even look at the monthly chart man... i havent had a divergence signal thats tradable since the 2008 collapse....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,902
  • Dec 6, 2012 1:56pm Dec 6, 2012 1:56pm
Quoting TauTrader
Yes - FXtyrant - it is a process of constant learning.

By the way - let us do this exercise on displaced Moving averages.. In theory, this leg that started at 1.6127, should conclude at 1.6007, still studying HURST theory as a sideline.. I attach a simple chart of the theory... will be interesting.

All the best to you and may your trades do well

Regards
Tau, what's the values of those MAs? Does that matter? I see that's a 15 min. timeframe you're using.
  • #331,903
  • Dec 6, 2012 1:59pm Dec 6, 2012 1:59pm
Quoting CasperTrader
Tau, what's the values of those MAs? Does that matter? I see that's a 15 min. timeframe you're using.
indeed... MA is probably best used higher TF... for me the best is Daily!, because Daily or above factors in intraday fundamental flows....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,904
  • Dec 6, 2012 2:00pm Dec 6, 2012 2:00pm
Quoting fxtyrant
dont even look at the monthly chart man... i havent had a divergence signal thats tradable since the 2008 collapse....
These are not monthly channels they are higher TF, but they are channels.

As such, we may get multiple monthly bar retests, and another swing low is not out of the question.

Considering the 2 accelerated final leg run ups on the daily to 63 we have had this year, if we do get another swing low, we may just get that divergence.

Divergences are not required for a trend change by the way.

This is just more of a project on a number of fronts.
For quite a number of reasons which I won't go into, I believe the USD is done.
I also Harbour a bit of a grudge against people pushing some agenda in the newbie threads saying forex is completely random and profits cannot be made.

Maybe I should forget about these morons I guess.
Come with me if you want to live....
  • #331,905
  • Dec 6, 2012 2:10pm Dec 6, 2012 2:10pm
Quoting TauTrader
BBKing-

My long term chart shows a possible bounce here... renko, although issued a short signal for a scalp, I would have liked to get a confirmation arrow there. It is not showing up yet. We could also have hidden bullish divergence forming. GU may very well retrace 20 to 40 pips here... before a possible continuation south...

I'm leaving it alone for now.

Regards
that's interesting
sincerely i have this 6040-50 as buy area.
problem is we are end of day.... ahead of nfp with euro down into 1.29 deep and swiss reversed everywhere.

imo....if up.... next week time to short
90% of traders use TA, indicators and prediction
  • #331,906
  • Dec 6, 2012 2:13pm Dec 6, 2012 2:13pm
Quoting Ill-b-back
These are not monthly channels they are higher TF, but they are channels.

As such, we may get multiple monthly bar retests, and another swing low is not out of the question.

Considering the 2 accelerated final leg run ups on the daily to 63 we have had this year, if we do get another swing low, we may just get that divergence.

Divergences are not required for a trend change by the way.

This is just more of a project on a number of fronts.
For quite a number of reasons which I won't go into, I believe the USD is done.
I also Harbour a bit of...
monthly suggest a touch to 5920-50. problem is when... and then.. the reaction once there!
about the random thing... bah..... not surely easy, but not certainly random
90% of traders use TA, indicators and prediction
  • #331,907
  • Dec 6, 2012 2:23pm Dec 6, 2012 2:23pm
something cooking in Ucad.........
good reject below 9900.
if daily holds, parity comes. then is 0180.
must hold daily in nice pat. and also must hold weekly >9940.

going sleep, bybye
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_Daily_snapshot.jpg Size: 64 KB
90% of traders use TA, indicators and prediction
  • #331,908
  • Dec 6, 2012 2:37pm Dec 6, 2012 2:37pm
Quoting _BBKing_
that's interesting
sincerely i have this 6040-50 as buy area.
problem is we are end of day.... ahead of nfp with euro down into 1.29 deep and swiss reversed everywhere.

imo....if up.... next week time to short
Hi BBKing,

I also see 6050 as a buy area. But not a strong zone as 6019. If you are looking to build longs and afraid of missing the train the 6040 is a good place to start building. Friday should bring high volatility due to all the news we had this week including the NFP I think price will test 6019 atleast before 6168. I'm Still holding longs...Its been too slow though.

GL
Numbers NEVER Lie
  • #331,909
  • Dec 6, 2012 2:38pm Dec 6, 2012 2:38pm
Quoting TauTrader
Yip - sure is.

We are at a very interesting point here... Normally, this down arrow ( rsi of rsi) will print to announce 2 possible things - the start of longer term directional change in the direction of the signal / or an excellent retrace point to go long. Since all other indicators are still supporting long and we have this beautiful trendline as support, the second scenario has higher probability..

But I am going to wait to see what my Renko charts do - will enter there when the right time comes.( for long). I will not enter short here...

funny guy, didnt think I came off that harsh.
  • #331,910
  • Dec 6, 2012 2:43pm Dec 6, 2012 2:43pm
This can definately be view as either short or long. Because of that maybe a good place to sit on the sidelines
  • #331,911
  • Dec 6, 2012 3:42pm Dec 6, 2012 3:42pm
Quoting kollargbr
Man,

i dont no how can you do it - but you are always the right side
i wish!!
  • #331,912
  • Dec 6, 2012 3:43pm Dec 6, 2012 3:43pm
Quoting alex1976
Nav, you likeing this move brother?

its a start..lol
damn thing..is pushing it thou
  • #331,913
  • Dec 6, 2012 3:45pm Dec 6, 2012 3:45pm
Quoting _BBKing_
i don't see any H&S actually.
what i see is a HUGE bearish daily candle.
must be very careful.
if up near 6080 again... could be better short.
maybe tomorrow's daily pivot will tell something more about!
actually longs are good just for a pullback but end of the day not easy to imagine more tha 10-15 pips.

just opinion....
Quoting nAVIN2007
im bearish on it..i hope this resistance holds

nice chart bro!!
  • #331,914
  • Dec 6, 2012 4:26pm Dec 6, 2012 4:26pm
Quoting nAVIN2007
nice chart bro!!
Yes nAV, you are quite the maistro

Fancy managing my account?

Just kidding bro
Come with me if you want to live....
  • #331,915
  • Dec 6, 2012 4:44pm Dec 6, 2012 4:44pm
Quoting Ill-b-back
Yes nAV, you are quite the maistro

Fancy managing my account?

Just kidding bro

must be a big move coming with all this dancing around..these ranges are become a nightmare to trade..imagine if we knew this b4..
  • #331,916
  • Dec 6, 2012 4:50pm Dec 6, 2012 4:50pm
Quoting nAVIN2007
must be a big move coming with all this dancing around..these ranges are become a nightmare to trade..imagine if we knew this b4..
Yes big thing coming indeed.

Looking at the monthly, we have been compressing since we broke out of and retested your Mega TF channel.

Winds of change I feel...
Come with me if you want to live....
  • #331,917
  • Dec 6, 2012 4:57pm Dec 6, 2012 4:57pm
Quoting Ill-b-back
Yes big thing coming indeed.

Looking at the monthly, we have been compressing since we broke out of and retested your Mega TF channel.

Winds of change I feel...

can u post what u are seeing..cause i havent got a clue what u mean maybe i missed something
  • #331,918
  • Dec 6, 2012 5:00pm Dec 6, 2012 5:00pm
yeah we need to get back those ATRs of connsistent 150 plus days, I wish I had been as good as I am now, then, lol
  • #331,919
  • Dec 6, 2012 5:07pm Dec 6, 2012 5:07pm
Nav, I was gonna add anoher short here to the one I currently have from 6100. I have already moved my stop to break even on that lot, but I'm hesitant on making another short here.

Although dailys red, still a 50/50 trade the way I see it.
  • #331,920
  • Dec 6, 2012 5:08pm Dec 6, 2012 5:08pm
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u're SUPER ...

http://www.forgetfoo.com/images/blog/bigthumb640.jpg

Quoting Ill-b-back
Also thought I would share this...

Since breaking out of nAV's famous thick purple 16 month channel (damn that's a high time frame),

I see Ben's intentions, or at least I think I do...

Break/retest, break/retest, rinse and repeat lol...
not euphoria follower
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