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- bimmerbob replied Sep 13, 2010
Nice looking clutter-free chart! Just wish I could read it better (writing too small). What is that graduated blue shading?
Cable Update (GBPUSD)
- bimmerbob replied Sep 13, 2010
There tends to be an inverse correlation between equities and T. bonds. When T Bonds go down, investors are losing faith in the US $
Cable Update (GBPUSD)
- bimmerbob replied Sep 13, 2010
I don't think this is correct. Cloggie explained it few days back. Generally, with equities up, US$ is down. Likewise, a weaker US$ drives commodities up.
Cable Update (GBPUSD)
- bimmerbob replied Sep 13, 2010
nice chart, fwiw, I'm eyeing the bullish flag formation on the H1. Flagpole started 7th sep low.
Cable Update (GBPUSD)
- bimmerbob replied Sep 13, 2010
[quote=pawpaw1000;4017659]Well, feel it's better to call my trades than to come in only when I have had a winning trade and say "just scored 101 pips, good luck, ciau"... I take it that is targeted at me? lol.
Cable Update (GBPUSD)
- bimmerbob replied Sep 13, 2010
Hi,closed long earlier for 101pips. Setting a tp at the outset is too subjective for me, I try to chase profits with stop losses where I can, the initial focus for me is to try and get above b/e, sometimes after a retest of b/e. On sidelines right ...
Cable Update (GBPUSD)
- bimmerbob replied Sep 10, 2010
Taken a long at 1.5354. 5334sl . Ny established a low for today, plus confluence of 1.27 FE of the 9.30am swing low from yesterday.
Cable Update (GBPUSD)
- bimmerbob replied Sep 10, 2010
Are you influenced by the small pitchfork? If so, its pointing down, so longs would be odd. Also, the start pivot on that pf does not seem right, unless you are attemping a mod-schiff where the start pivot should be 50% of that swing line. My 2p ...
Cable Update (GBPUSD)
- bimmerbob replied Sep 10, 2010
Pic illustrating Cloggie's basics re Frankie/London/NY — !
Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
I still have to learn that when a trade ends, erase the mental slate of any bias as to direction & just let the chart speak.
[/quote] You are not the only one!Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
You'll be lost if you looked at a Chineses stock exchage board!
Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
If that is a 5m chart, be careful jumping to conclusions on divergence. Also, from around 5.30 am on your chart the dx seems to be printing slightly higher lows, and the macd is following surely? Or am I missing a point somewhere?
Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
Ok, so having got the chart to yr desktop, browse that for the message attachment, simple!
Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
I use IG. I normally just save the chart to desktop and use that as post to the forum without any problems.
Cable Update (GBPUSD)
- bimmerbob replied Sep 9, 2010
Can you please explain what exactly is "hidden" divergence and any chance of demonstrating by way of a chart? Thanks.
Cable Update (GBPUSD)
- bimmerbob replied Sep 8, 2010
Not meaning to be cynical, but sometimes "they" will piss the public off by breaching the obvious, if you get my gist.
Cable Update (GBPUSD)
- bimmerbob replied Sep 8, 2010
I am actually flat right now. You're probably right, but we came quite close to that 38rt earlier today, so who knows!
Cable Update (GBPUSD)
- bimmerbob replied Sep 8, 2010
Anything can happen. Would quite like to see a 38% RT of the drop from August's high first. Who knows, asia might oblige!
Cable Update (GBPUSD)