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Cable Update (GBPUSD)

  • #331,921
  • Dec 6, 2012 5:14pm Dec 6, 2012 5:14pm
Quoting alex1976
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.
i think it will go down..but not till next week..i think today will be slow and prolly just end bearish..dailly just slightly bearish..i dont expect 1.6 to go ..but next week i do

4hr has bearish div..maybe why it has dropped
  • #331,922
  • Dec 6, 2012 5:15pm Dec 6, 2012 5:15pm
Quoting nAVIN2007
i think it will go down..but not till next week..i think today will be slow and prolly just end bearish..dailly just slightly bearish..i dont expect 1.6 to go ..but next week i do
i think you are gona get in trouble if we dont meetup before i leave back to HK... pick a date!!!! 13, or 15?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,923
  • Dec 6, 2012 5:15pm Dec 6, 2012 5:15pm
Quoting nAVIN2007
can u post what u are seeing..cause i havent got a clue what u mean maybe i missed something
A couple of pages back bro, all my rainbow colored channels.

Ben is evil...
Come with me if you want to live....
  • #331,924
  • Dec 6, 2012 5:17pm Dec 6, 2012 5:17pm
Quoting iqyu5an
DAMN U MANNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

u're SUPER ...

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


I took a second look and realised it was a "thumb" she was hugging
Come with me if you want to live....
  • #331,925
  • Edited 7:17pm Dec 6, 2012 6:04pm | Edited 7:17pm
Morning from "Paradise Island"..
What all these fuzz on the eccentric old fella's normal corrective PA?
1.6008~1.6018 if seen may be a great 10 pip buy band for piker looking for 20 pips or long distance runners looking for 200+ pips..

GBP D1+"W1 Singapore Sling Fractal"
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121206-235029 GBP D1+W1 Sling.png Size: 71 KB
  • #331,926
  • Dec 6, 2012 6:08pm Dec 6, 2012 6:08pm
Quoting nAVIN2007
i think it will go down..but not till next week..i think today will be slow and prolly just end bearish..dailly just slightly bearish..i dont expect 1.6 to go ..but next week i do

4hr has bearish div..maybe why it has dropped

Yeah your right, Id rather wait to see if we end the week with a nice hammer on the weekly, then look for nice short from there.
  • #331,927
  • Dec 6, 2012 6:09pm Dec 6, 2012 6:09pm
Quoting cdndollar
Morning from "Paradise Island"..
What all these fuzz on the eccentric old fella's normal corrective PA?
1.6008~1.6018 if seen may be a great 10 pip buy band for piker looking for 20 pips or long distance runners looking for 200+ pips..

GBP D1+"W1 Singapore Sling Fractal"
Attachment
Very nice chart again mate, yes, a nice breather
Come with me if you want to live....
  • #331,928
  • Dec 6, 2012 6:27pm Dec 6, 2012 6:27pm
Quoting Ill-b-back
Very nice chart again mate, yes, a nice breather
nice "thumb".. may be it'll inspire the old fella for an erextension north..
  • #331,929
  • Dec 6, 2012 6:30pm Dec 6, 2012 6:30pm
Quoting cdndollar
nice "thumb".. may be it'll inspire the old fella for an erextension north..
Well that would be nice

Next week if going to happen I think.
Come with me if you want to live....
  • #331,930
  • Dec 6, 2012 6:33pm Dec 6, 2012 6:33pm
Quoting cdndollar
nice "thumb".. may be it'll inspire the old fella for an erextension north..
This is pretty much the same set up where I nearly lost my Jatz Crackers shorting the Monday after NFP earlier in the year because I didn't trust what I saw.

Not again.
Come with me if you want to live....
  • #331,931
  • Dec 6, 2012 10:13pm Dec 6, 2012 10:13pm
Quoting CasperTrader
Tau, what's the values of those MAs? Does that matter? I see that's a 15 min. timeframe you're using.
Good day to you, sir

My apology - was sleeping...

I do not believe the time frame is of importance really.. I attach a pdf document around the basics, as well as an indicator to play with.. what I have noticed recently - having the MA's displaced - the extension beam actually serves another possible purpose of indicating possible future support/ resistance areas or then trend lines... look at the 2 attached charts.. obviously - the bigger the MA setting, the more weight it may carry when price approaches the future line.

I'm just observing something I find interesting..

Play with it.. it's free

All the best

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: displacedgu1.jpg Size: 94 KB
Click to Enlarge Name: displacedgu2.jpg Size: 95 KB
Attached File(s)
File Type: pdf viewHURST.pdf   425 KB | 1,689 downloads
File Type: mq4 MA_TL.mq4   6 KB | 256 downloads
  • #331,932
  • Dec 6, 2012 10:23pm Dec 6, 2012 10:23pm
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
BB King-

I have looked at some of your webinars - mostly to see the girl

You have come a long way and improving yourself all the time. Just as there is correlation between GU and that other pair we can not mention on this thread, there is correlation between amounts of screen time spent and ones gut feel..

An extra sense gets born over time.

Keep on walking

Regards
  • #331,933
  • Dec 6, 2012 10:25pm Dec 6, 2012 10:25pm
Quoting alex1976
funny guy, didnt think I came off that harsh.
Alex1976,

Not harsh at all - actually polite..

I'm just pulling your leg a bit. All good, sir

Regards
  • #331,934
  • Edited 11:16pm Dec 6, 2012 10:52pm | Edited 11:16pm
FXtyrant,

Here is a few for you... added the 55 and 200 on a chart. Displaced by half it's length ( 55 at shift - 28 ( closest full number to half length)) and 200 at shift - 100.

See what price does at these future lines. Interesting, is it not?

Heck, a break above the 55 future line towards the 200 future line, confirmed by your RSI divergence, may very well prove to be a good entry point and TP point...

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxtyrant1.jpg Size: 94 KB
Click to Enlarge Name: fxtyrant2.jpg Size: 87 KB
  • #331,935
  • Dec 6, 2012 11:20pm Dec 6, 2012 11:20pm
Quoting TauTrader
Good day to you, sir

My apology - was sleeping...

I do not believe the time frame is of importance really.. I attach a pdf document around the basics, as well as an indicator to play with.. what I have noticed recently - having the MA's displaced - the extension beam actually serves another possible purpose of indicating possible future support/ resistance areas or then trend lines... look at the 2 attached charts.. obviously - the bigger the MA setting, the more weight it may carry when price approaches the future line.

I'm just observing...
Mr. Tau, I hope you had a good night sleep. Boy, that's a long read.

What got me interested was something I also have observed but more casually e.g. generally the price tends to extend or go to an extreme around an average price and that is what also is the basis of Bollinger Bands (that take into account some kind of standard deviation). Now, the extension beam we are talking, when do we draw it? To me it it looks like when the price starts going in one direction, the MA is usually a smooth slope hence the extension beam kind of works.

In other words, can we say that we draw a MA and when the price reverses through it, we calculate how far it was above the MA and try to predict that it may go the same distance the other side. Do we still need extension beams? Your thoughts?

And thanks for the info. Keep sharing!

Regards.
  • #331,936
  • Dec 6, 2012 11:25pm Dec 6, 2012 11:25pm
Quoting CasperTrader
Mr. Tau, I hope you had a good night sleep. Boy, that's a long read.

What got me interested was something I also have observed but more casually e.g. generally the price tends to extend or go to an extreme around an average price and that is what also is the basis of Bollinger Bands (that take into account some kind of standard deviation). Now, the extension beam we are talking, when do we draw it? To me it it looks like when the price starts going in one direction, the MA is usually a smooth slope hence the extension beam kind of works.

In...
Want to mention one more thing. This strategy probably works best in trading ranges but if the price gathers momentum in a direction (trending), will it still work?
  • #331,937
  • Dec 6, 2012 11:35pm Dec 6, 2012 11:35pm
Quoting A-speculator
if we could get ucad to trade below 9900, then today's low will be the lowest we can get from cable.. and we might not even see 6060 for sometime i reckon..
really, is something wrong with GU?
Attached Image
  • #331,938
  • Dec 6, 2012 11:44pm Dec 6, 2012 11:44pm
Quoting PskovFX
it is daily chart. The probability of movement on up became higher, than down
Retracement can not be at all or will be within the specified range
I am on friendly terms with bears of course
still in short from 1.6107
  • #331,939
  • Dec 6, 2012 11:45pm Dec 6, 2012 11:45pm
Guys looks like the GBP is ready for another short run watch the price action on daily chart !!!!
Gain or Lose there is always a winner named Market!!!
  • #331,940
  • Dec 7, 2012 12:05am Dec 7, 2012 12:05am
Tight range heading to London Open....
i wonder which side will give way soon, will we break below that 1.6040 area that we find support from yesterday? or do we break north to see a pullback after yesterday's drop?

decisions decisions....

best to look at futures to see what the stock market is indicating for today's open... (FTSE100 futures)
https://dl.dropbox.com/u/52561775/Fo...22012.0603.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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