Turveyd would be proud — From previous charts posted, the compression patterns off of the 5M and 30M charts could be drilled down to the 1M chart alone in 2 moves. Dr. D.

Cable Update (GBPUSD)

witness — The influence of a compression pattern upon vertical price movement. Dr. D.

Cable Update (GBPUSD)

ask and ye shall receive — hahaha There ya go. Now the price is sitting right on the point of convergence. Dr. D. zzzzzzzzzzzzzzzzzzzzzz [i] image

Cable Update (GBPUSD)

When I painted the 'blue' ellipse, I spread it up to the 1.6200 as a logical destination but narrowed the screen down not to suggest any absolutes modestly leaving everything to the imagination. Dr. D.

Cable Update (GBPUSD)

options — With the 30M also in a tight compression, the 5M move might stall at this level and only be an oscillation upward to get a good run at the point of convergence in this larger tf and then on down for an even bigger move. Like pulling ...

Cable Update (GBPUSD)

You'll notice in these updated images, the 15M EMAs were not in as tight a pattern as the 5M. It's always good to drill down to a lower tf to catch a better entry. See the eliptical image on the 15M, it is spread down below the compression. This is ...

Cable Update (GBPUSD)

cuckoo asylum — You mean patients progress? Fortunately no, and none expected. Prognosis is 'dim' and so is their cortical activity. Job security. lol Dr. D. image

Cable Update (GBPUSD)

tight compression / release — Use your imagination as to how far. Dr. D.

Cable Update (GBPUSD)

words of wisdom — Now why couldn't I have said that. Dr. D.

Cable Update (GBPUSD)

feel better now? — I certainly do. I slept through it all. lol There was a negative CHF trade balance reported about the same time as that spike displayed on my chart and another 3 hrs later around the GBP PMI (not shown on that chart I ...

Cable Update (GBPUSD)

before and after — Wow! Look at this sharp vertical move. Typical of a compression release. The 5M is serving as a good trigger but it doesn't look like a retracement is in the cards... yet. Up is the obvious strength in this pair on nearly ...

Cable Update (GBPUSD)

EMAs — Looks like the 5M (excluding the 1M) could be the trigger on the next move. As I write it's starting a move to the south. Although this compression pattern has unraveled somewhat since earlier, all the other tfs are in separation (e.g. ...

Cable Update (GBPUSD)

critical point with the lower tf c.charts — I was about to dismiss the possibility of the 5M forming with this wide oscillation but the EMAs came back to a nice cluster. The 5M pattern provided the move to collapse the 'bubble' on the 15M. May ...

Cable Update (GBPUSD)

what goes up must come down — The strong move shown here on the 1H shows 300+ pips from the point of compression but the earlier tf's that were the trigger give ~400 pips from tip to tip with their customary pauses in between. With such a ...

Cable Update (GBPUSD)

team work — Little waves building bigger waves. When the price pulls back (5-30M), drop to a lower tf and enter again on another compression pattern (1M). Dr. D.

Cable Update (GBPUSD)

Well, a chart like this makes it fairly straight forward. This move of ~300 pips was triggered from c.patterns in lower tf's (5M) and this 15M shows the continuation. Even the higher tf's support this move. It there is confusion it's trying to ...

Cable Update (GBPUSD)

MMAs — Simple answer: when the EMAs are widely separated prepare to take profit, then either wait for the EMAs to gather again and trade another compression pattern after it re-forms on that same tf in the same direction, or drop to a lower ...

Cable Update (GBPUSD)

GMMAs — Multiple moving averages (MMAs) (exponential / applied close) displayed on multiple time frames (mtfs). You can read generally about them with a word search on GMMA, Daryl Guppy. I present a variation with a narrower interest around ...

Cable Update (GBPUSD)

Life's good. Hope your trades turned in your favor today. Dr. D.

Cable Update (GBPUSD)

Here's one for those watching and trading off of the 1M yielding ~50 pips. Dr. D.

Cable Update (GBPUSD)