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Cable Update (GBPUSD)

  • #370,641
  • Apr 5, 2014 3:35am Apr 5, 2014 3:35am
Quoting 45Condor
Cable_My five charts’ worth_05.04.14 Hmm,...
I see that you have 6 bars for a week. Whether you are assessed this error?

http://www.forexfactory.com/showthre...47#post6916247
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,642
  • Apr 5, 2014 4:34am Apr 5, 2014 4:34am
Quoting 45Condor
Cable_My five charts’ worth_05.04.14 Hmm, if I look at the daily charts for Cable, FXCMDollar, EU and EG, I’d be inclined to say that Cable has the best chance of bouncing back from Friday’s direction. However, if I take a look at the monthly on Cable, I’d be inclined to think that with the red MAs attempting to break north of the blue MAs, a little retrace south is in play, and which would be in keeping with that all-too-familiar 1, 2, 3 play. The current stage being number 2 – down to meet the ascending red MAs. There’s also that little matter...
based on your monthly chart, i think cable is still in the big ass range.. it might take few years to dissipate the momentum of the 2008 downtrend..
  • #370,643
  • Apr 5, 2014 4:53am Apr 5, 2014 4:53am
current GU W1 price action, looks similar to 2011 spring PA, pretty much range bound 300 pips 6480-6780.
last month range 330 pips, last 8 months range 522, so range is compressing as well.

will decide direction at some point, meanwhile looks like we are stuck in range. point being buying low of range
and selling range top.
Attached Image
  • #370,644
  • Apr 5, 2014 4:54am Apr 5, 2014 4:54am
Quoting A-speculator
{quote} based on your monthly chart, i think cable is still in the big ass range.. it might take few years to dissipate the momentum of the 2008 downtrend..
wow, did not see your post, before I posted mine. exactly, looks like the thing is just range bound and within tight range also.
  • #370,645
  • Apr 5, 2014 4:56am Apr 5, 2014 4:56am
Quoting godim
{quote} I see that you have 6 bars for a week. Whether you are assessed this error? http://www.forexfactory.com/showthre...47#post6916247
My broker defines what can be seen... I must admit, I never paid that much attention to having five, or six bars for a week. I just tend to look at the last daily bar for the week, where it sits in conjunction with my Guppy profile and fib plots, and make an assessment based upon this.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #370,646
  • Apr 5, 2014 4:59am Apr 5, 2014 4:59am
Quoting ruffryders
{quote} wow, did not see your post, before I posted mine. exactly, looks like the thing is just range bound and within tight range also.
this kind of brings an idea of a decent risk reward position trade for a few weeks to run. Buy bottom of range @ 6480-6520 TP1 prev high TP2 6780-6840.
  • #370,647
  • Apr 5, 2014 5:12am Apr 5, 2014 5:12am
Quoting 45Condor
{quote} My broker defines what can be seen... I must admit, I never paid that much attention to having five, or six bars for a week. I just tend to look at the last daily bar for the week, where it sits in conjunction with my Guppy profile and fib plots, and make an assessment based upon this.
All right. But you use MA. What brings to this, you have several bars in more? And there are only 1-2 hours.
I'm just trying to unsettle you. Do not mind me. If you want.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,648
  • Apr 5, 2014 5:48am Apr 5, 2014 5:48am
Hi G ,have you ever considered your making things too complicated ,

Quoting godim
{quote} I see that you have 6 bars for a week. Whether you are assessed this error? http://www.forexfactory.com/showthre...47#post6916247
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,649
  • Apr 5, 2014 5:50am Apr 5, 2014 5:50am
Quoting Bones
Hi G ,have you ever considered your making things too complicated , {quote}
exactly.
  • #370,650
  • Apr 5, 2014 5:50am Apr 5, 2014 5:50am
Quoting Bones
Hi G ,have you ever considered your making things too complicated , {quote}
kinda looks similar, don't you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 2.8 MB
  • #370,651
  • Apr 5, 2014 5:59am Apr 5, 2014 5:59am
Quoting 45Condor
Cable_My five charts’ worth_05.04.14 Hmm, if I look at the daily charts for Cable, FXCMDollar, EU and EG, I’d be inclined to say that Cable has the best chance of bouncing back from Friday’s direction. However, if I take a look at the monthly on Cable, I’d be inclined to think that with the red MAs attempting to break north of the blue MAs, a little retrace south is in play, and which would be in keeping with that all-too-familiar 1, 2, 3 play. The current stage being number 2 – down to meet the ascending red MAs. There’s also that little matter...
imho
G/U potentially heading south further to meet 1.6460
http://www.forexfactory.com/showthre...59#post7385659

p.s.
i like your GMMA
did you take the course from guppy?

cheers
  • #370,652
  • Apr 5, 2014 6:22am Apr 5, 2014 6:22am
well I'm thinking your chart before ,red line goes through price also no parallel line ,it is true this consolidation could be some kind of continuation ,but not flag imo

Quoting nonlinear
Why not? Not on the daily? Maybe pennant, triangle, etc is more accurate. I call them all flags, I guess.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,653
  • Apr 5, 2014 6:34am Apr 5, 2014 6:34am
I think that is not a consolidation candle on w1 and that price will make its way down the bullish candles
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 gbp USD d1 .png Size: 19 KB
Click to Enlarge Name: 2 gbp JPY.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,654
  • Apr 5, 2014 6:37am Apr 5, 2014 6:37am
Quoting godim
{quote} Image with the new fan. ...
Fan? Do you really mean Gan or Gann?
There is a winner and a loser, nothing in between.
  • #370,655
  • Apr 5, 2014 7:11am Apr 5, 2014 7:11am
Quoting Bones
Hi G ,have you ever considered your making things too complicated , {quote}
Hi Bones

Yes. The topic is interesting to me, unfortunately, I have a very limited vocabulary. Writing with the translator is quite tiring.
This is not about complexity. It's about trust.
When developing methods for analysis or trade is much better in advance I know where are the places where I'm wrong. I set myself the question. What can I change to get the correct results? What should I avoid? All right. It is difficult for me to continue.

To you. Methods of analysis should include simple rules. Rules to say what is happening. Then, when the event is already happening. Some time ago you wrote "end of pulback". But that was just a guess. The fact is that we still can not say those words. We just have to follow the rules. And the rules for me are that the price must fall far below 6464.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 232 KB


Sorry. I can not allocate more time.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,656
  • Apr 5, 2014 7:15am Apr 5, 2014 7:15am
Quoting godim
{quote} Ni Bones Yes. The topic is interesting to me, unfortunately, I have a very limited vocabulary. Writing with the translator is quite tiring. This is not about complexity. It's about trust. When developing methods for analysis or trade is much better in advance I know where are the places where I'm wrong. I set myself the question. What can I change to get the correct results? What should I avoid? All right. It is difficult for me to continue. To you. Methods of analysis should include simple rules. Rules to say what is happening. Then, when...

a lot of what u say but trust resonates with me..u have to trust yur edge regardless of complexity
  • #370,657
  • Apr 5, 2014 7:25am Apr 5, 2014 7:25am
Quoting godim
{quote} Hi Bones Yes. The topic is interesting to me, unfortunately, I have a very limited vocabulary. Writing with the translator is quite tiring. This is not about complexity. It's about trust. When developing methods for analysis or trade is much better in advance I know where are the places where I'm wrong. I set myself the question. What can I change to get the correct results? What should I avoid? All right. It is difficult for me to continue. To you. Methods of analysis should include simple rules. Rules to say what is happening. Then, when...
Got same picture of 2 possibilities and price levels Godim
Come with me if you want to live....
  • #370,658
  • Apr 5, 2014 7:29am Apr 5, 2014 7:29am
Quoting nAVIN2007
....but trust resonates with me....
What do you mean? Sex?
There is a winner and a loser, nothing in between.
  • #370,659
  • Apr 5, 2014 7:32am Apr 5, 2014 7:32am
Quoting tlpfx14
{quote} p.s. i like your GMMA did you take the course from guppy? cheers
Hi. The answer is no. I just read what was available online, watched how Guppys work on multiple TFs, and winged it from there.

I think they are fairly self-explanatory, and combined with Fibonacci studies, give me as good as any other 'lagging' system, a fairly good idea of what is going on.

Yes, it can be argued that a bare chart is just as good at showing trend, but I'd feel too exposed in such nakedness.

Should you be interested, this is something that I wrote some time ago regarding how I approach trading with Guppy profiles.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #370,660
  • Apr 5, 2014 7:59am Apr 5, 2014 7:59am
Hi G ,all opinions are only probabilities ,but with the right edge/knowledge I think we can talk very high probabilities indeed , I see cable back down to major support within 1-2 months I can look at all gbp pairs and feel very comfortable that I'm right


Quoting godim
{quote} Hi Bones Yes. The topic is interesting to me, unfortunately, I have a very limited vocabulary. Writing with the translator is quite tiring. This is not about complexity. It's about trust. When developing methods for analysis or trade is much better in advance I know where are the places where I'm wrong. I set myself the question. What can I change to get the correct results? What should I avoid? All right. It is difficult for me to continue. To you. Methods of analysis should include simple rules. Rules to say what is happening. Then, when...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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