and now h1 chart. we MIGHT see a move up to 61.8 on h1, which is NOW at 2.0523. but for this i need to see CCI breaking that trendline AND above 0. my guess is that we would see more to the downside before a retracement. but this is JUST A GUESS, ...

Cable Update (GBPUSD)

almost same thing on h4 chart: no signs of retracement. CCI is OS, but for a retracement to occur on h4 i would expect to see a bullish divergence on CCI - at least.

Cable Update (GBPUSD)

first, there is nothing too far for today or for any day. the market is unpredictable. second, i didn't say anything about that target being hit today. and it might not even be a reversal point. 2.0230 area is 61.8 fib (1.9651 - 2.1160). the thing ...

Cable Update (GBPUSD)

let's see what happens at 2.0230 - 61.8 fib on daily.

Cable Update (GBPUSD)

if you want a good system on a long term, why don't you try elder's triple screen? you can go with h4/daily, or even better with daily/weekly. but in this case, you'd have to stay out of volatile pairs or go with a very low margin per trade.

Trend Hugger System

OsMA should be equivalent to MACD histogram. or you can always install MT for free.

Trend Hugger System

sorry, i just didn't have time to go through all the posts. then let's just wait and see what would be the answer.

Trend Hugger System

and now some comments on what you said. the breakout entry is a very good point. i always do this because i believe it is safer. no, we shouldn't always be in market. there are ranging & choppy conditions when it is better to stay out. i am a swing ...

Trend Hugger System

when i first read about a system, i don't look where it works but where it doesn't. this one is another trend following system and it will bring nice profits (as always) as long as we see a trend; so i don't bother with the profitable trades. what ...

Trend Hugger System

and another example, about a possible move on g-j. there is a beautiful setup on this h4 chart. bearish hidden divergence on osma... as soon as price breaks that trendline, take the short signal given by osma. it should bring you a very nice profit.

Trend Hugger System

there is something missing from this system. i have been using macd for quite some time now and i have to tell you this about macd histogram (or osma, it is the same thing): no matter what settings you use, there will always be times when you see ...

Trend Hugger System

an h4 chart for medium term trading. i think we haven't seen the top of this move. cable is heading up, probably to 0.618 extension - 2.0850. at least. i put 2 vertical lines on the previous move down, this is a very nice example of how a reversal ...

Cable Update (GBPUSD)

but that's a valuable comment you got there. it is actually placing the action in a certain time - that is, today.

Cable Update (GBPUSD)

i'm not so sure about cable going short. here's a chart with some explanations: - for a reversal to begin, i would expect a bearish divergence on CCI; right now i don't see any... well, there would be one but not very obvious. - the trendline break ...

Cable Update (GBPUSD)

i have absolutely no idea, but i'm guessing for all the crap that was on sale these days.

Cable Update (GBPUSD)

well, given the fact that US economy seems to be driven by how much americans are consuming... i would say it's good news for dollar.

Cable Update (GBPUSD)

just saw the tv news a couple of minutes ago: the americans have spent more than $10 billions (~10.3) during last friday (also known as black friday), which is 1 billion more than last year (~9.3). or so. good news for dollar? let's see.

Cable Update (GBPUSD)

if you're selling a couple of billions, then yes, it's the top. otherwise it's not.

Cable Update (GBPUSD)

yes. i am watching it closely, it's going up.

Cable Update (GBPUSD)

i don't see any reason for cable coming down now. 2.0851 is coming first and then we'll see.

Cable Update (GBPUSD)