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Cable Update (GBPUSD)

  • #351,121
  • Oct 29, 2013 11:17am Oct 29, 2013 11:17am
deary me
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,122
  • Oct 29, 2013 11:20am Oct 29, 2013 11:20am
Quoting Bones
hey Amigo {quote}

lets ride this puppy
  • #351,123
  • Oct 29, 2013 11:22am Oct 29, 2013 11:22am
Quoting okanemici
{quote} Thanks Ogun, it sounds like a Turkish name ha ?
Yes it is gardascigim I am Cypriot tho living in USA how about you?
Nothing is True Everything is Permitted
  • #351,124
  • Oct 29, 2013 11:23am Oct 29, 2013 11:23am
Quoting basitata
all negative for usd... but everyone is dropping... hmm... no worries.. shorts intact
200ema H4 @ 1.6025... watchout
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  • #351,125
  • Oct 29, 2013 11:24am Oct 29, 2013 11:24am
Quoting Fx-gtg
{quote} fed will start tapper tomorrow. pa is confirming
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  • #351,126
  • Oct 29, 2013 11:25am Oct 29, 2013 11:25am
Quoting Bones
{quote} {image}
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  • #351,127
  • Oct 29, 2013 11:29am Oct 29, 2013 11:29am
Definitely more south but right now looking for return to 6105
Founder of Sutherland Wave Principle
  • #351,128
  • Oct 29, 2013 11:33am Oct 29, 2013 11:33am
Quoting suthmo
Definitely more south but right now looking for return to 6105
Possibly in Asian session, but more likely after FOMC tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,129
  • Oct 29, 2013 11:36am Oct 29, 2013 11:36am
Quoting suthmo
Definitely more south but right now looking for return to 6105
What is your logic on the return to 1.6105?
  • #351,130
  • Oct 29, 2013 11:37am Oct 29, 2013 11:37am
Quoting basitata
{quote} 200ema H4 @ 1.6025... watchout
EMA's are after the fact, they have no input to price. Get rid ;-)
  • #351,131
  • Oct 29, 2013 11:50am Oct 29, 2013 11:50am
Quoting PipTrapper
{quote} Possibly in Asian session, but more likely after FOMC tomorrow.
I agree, it will take some time.
And as far as cooked meats go that baloney looks awful, I'm digging on Polish pork loin.
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Founder of Sutherland Wave Principle
  • #351,132
  • Oct 29, 2013 11:52am Oct 29, 2013 11:52am
Quoting aBitWonKy
{quote} EMA's are after the fact, they have no input to price. Get rid ;-)
so does not any indicator. the damn f**ng prices significantly behaves in that manner.. check it out yyour self. who knows.

as far as averages are concern they are of much values as they eliminates the ups and down and shows the bottom line. first reaction whenever any price is away from its average MOSTLY result in a rejection. history speaks its self. check it out yourself.
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  • #351,133
  • Oct 29, 2013 11:58am Oct 29, 2013 11:58am
Quoting aBitWonKy
{quote} EMA's are after the fact, they have no input to price. Get rid ;-)
All indies are lagging (Except PA), but enough traders pay attention so they become self-fulfilling prophecies.
You cannot deny that MAs do provide support/resistance and a gauge of price mean reversion.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,134
  • Oct 29, 2013 12:01pm Oct 29, 2013 12:01pm
I got out at my GU S.trade too early i guessed....
Sincerely Yours Cheers!
  • #351,135
  • Oct 29, 2013 12:04pm Oct 29, 2013 12:04pm
I've watch price bounce off ma's multiple times or stall and breakthrough in the last 3 months (not been at this long) I have a few ma's on my chart I use these as confirmation of trends or basically with something else but never on their own. For me ma's also as well as the last thing, indicate potential trouble zones or an area to watch price action. Just another tool in the shed! Did the more experienced price action traders use these or did use them?

First post anyway hello all!
Steve.
  • #351,136
  • Oct 29, 2013 12:05pm Oct 29, 2013 12:05pm
Quoting basitata
{quote} so does not any indicator. the damn f**ng prices significantly behaves in that manner.. check it out yyour self. who knows. as far as averages are concern they are of much values as they eliminates the ups and down and shows the bottom line. first reaction whenever any price is away from its average MOSTLY result in a rejection. history speaks its self. check it out yourself.
Sure whatever. I'm just saying that price isn't reacting to lines on anyones charts, least of all not EMA's. I used to use them years ago but.... waste of time in my honest opinion. They dont tell us much of use. Order flow is not determined by where an MA will or wont be in the future.
  • #351,137
  • Oct 29, 2013 12:08pm Oct 29, 2013 12:08pm
added on 6044 for a few pips
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  • #351,138
  • Oct 29, 2013 12:08pm Oct 29, 2013 12:08pm
Quoting Dapsychopath
{quote} ok. so it missed 6120 by 1 pip. lol now its down to earth time. be ready. get a grip. let's see how it went. gl
we might see another ll, but if we don't, 6076 retrace from now on is the normal thing i suppose. expect them soon, sons.
tf doesn't say it is going to break that one in a single try. its gotta be hard for this bull boy to go beyond from there. yaa tough one
expecting the us data soon. breakout or break even. not a bull in a night. well right now, not.
  • #351,139
  • Oct 29, 2013 12:12pm Oct 29, 2013 12:12pm
Quoting aBitWonKy
{quote} Sure whatever. I'm just saying that price isn't reacting to lines on anyones charts, least of all not EMA's. I used to use them years ago but.... waste of time in my honest opinion. They dont tell us much of use. Order flow is not determined by where an MA will or wont be in the future.
respect your opinion, but who say emas predict the future prices?

everyone has got their own setup, no setup is wrong, its basically a methadology one develop to enter into a trade but human it self have the tendency to break the rule no matter if it is made by him/her
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  • #351,140
  • Oct 29, 2013 12:16pm Oct 29, 2013 12:16pm
Good day,

Not all indicators lag. Not all indicators are formed by price action.

Anyway...

Waiting for 1.6019 - will then see how we set up towards 1.5867.

Regards
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