Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by Sean Hyman

KP are you sure you're not related to the Crocodile Hunter?

haha

He was a handsome chap,

gotta love the red rock, that pic was taken on a Navajo Indian Reservation in Arizona, near the four corners---the only place where four states touch (Utah, Colorado, New Mexico and Arizona)

I save my beautiful chart in paint as a bitmap and it saves on my desktop that way, however when I go to upload it shows a Kodak Easy Share icon, and the upload fails. ughhhh..

I think price is going to crawl up that support line for a bit and collapse during Asia or London session. Holding for now, Ill be looking to exit my long later.

Originally Posted by KP FX Trader

He was a handsome chap,

gotta love the red rock, that pic was taken on a Navajo Indian Reservation in Arizona, near the four corners---the only place where four states touch (Utah, Colorado, New Mexico and Arizona)

I save my beautiful chart in paint as a bitmap and it saves on my desktop that way, however when I go to upload it shows a Kodak Easy Share icon, and the upload fails. ughhhh..

I think price is going to crawl up that support line for a bit and collapse during Asia or London session. Holding for now, Ill be looking to exit my long later.

Yeah, I loved his show. He would keep you guessing whether he was that good....or simply that crazy. haha!

Try saving your screen shots at JPG and see if it does the same thing.

Since I fixed my problem Im posting another chart, 2 in one day!!!
Much of the same as first but slightly different Trend Line perspective.
Here's another take:

Originally Posted by KP FX Trader

Since I fixed my problem Im posting another chart, 2 in one day!!!
Much of the same as first but slightly different Trend Line perspective.
Here's another take:

Here are the latest lines that I'm watching. Looking for a breach either way.

Originally Posted by KP FX Trader

Since I fixed my problem Im posting another chart, 2 in one day!!!
Much of the same as first but slightly different Trend Line perspective.
Here's another take:

So KP, I take it that your not one who believes that a trendline is invaildated once the trend/price action passes through it?

Hey Sean, I just drew in that upper resistance line, it would be nice if price went there over night.
Sean, WHY does Marketscope NOT show a gap and Netdania does? Aren't they on the same data feed?

Alex, I do generally believe a TL is invalidated once its broke, but I consider a few other things, off the top of my head:
1. How long did it stay broke? Was it just a little over excitement in the market.
2. Did it spike out of the area between 1am and 4am EST? I notice reversals often during those hours.
3. Sometimes the line comes back into play as support or resistance, whatever the case may be.

Now after all that said, I have another line Im watching on the h4 chart, that is not on my h1 chart drawn as support, which falls a bit below the green line on my chart. It connect March 25th low and April 8th low.

Originally Posted by KP FX Trader

Hey Sean, I just drew in that upper resistance line, it would be nice if price went there over night.
Sean, WHY does Marketscope NOT show a gap and Netdania does? Aren't they on the same data feed?

Alex, I do generally believe a TL is invalidated once its broke, but I consider a few other things, off the top of my head:
1. How long did it stay broke? Was it just a little over excitement in the market.
2. Did it spike out of the area between 1am and 4am EST? I notice reversals often during those hours.
3. Sometimes the line comes back into play as support or resistance, whatever the case may be.

Now after all that said, I have another line Im watching on the h4 chart, that is not on my h1 chart drawn as support, which falls a bit below the green line on my chart. It connect March 25th low and April 8th low.

It's just the way each company constructs its charts, really. Both show "instant jumps". I'm not a believer in gap trading anyway. I know some of these guys are...but I don't think its the way to trade in fx. I'm also not a believer that "all gaps fill". I think "many" gaps fill. But it's not consistent enough for me to trade them.

Originally Posted by KP FX Trader

Hey Sean, I just drew in that upper resistance line, it would be nice if price went there over night.
Sean, WHY does Marketscope NOT show a gap and Netdania does? Aren't they on the same data feed?

Alex, I do generally believe a TL is invalidated once its broke, but I consider a few other things, off the top of my head:
1. How long did it stay broke? Was it just a little over excitement in the market.
2. Did it spike out of the area between 1am and 4am EST? I notice reversals often during those hours.
3. Sometimes the line comes back into play as support or resistance, whatever the case may be.

Now after all that said, I have another line Im watching on the h4 chart, that is not on my h1 chart drawn as support, which falls a bit below the green line on my chart. It connect March 25th low and April 8th low.

KP do you mean this gap. I didn't present it because some say that it may not be a valid feed but here goes. I might as well show eur's on that forum as well.

A-Yo Bro

Originally Posted by KP FX Trader

He was a handsome chap,

gotta love the red rock, that pic was taken on a Navajo Indian Reservation in Arizona, near the four corners---the only place where four states touch (Utah, Colorado, New Mexico and Arizona)

I save my beautiful chart in paint as a bitmap and it saves on my desktop that way, however when I go to upload it shows a Kodak Easy Share icon, and the upload fails. ughhhh..

I think price is going to crawl up that support line for a bit and collapse during Asia or London session. Holding for now, Ill be looking to exit my long later.

Nice chart KP.

Well you learn something new everyday! I had to check a map as I used to live in the Southwest corner of Kansas (many years ago, where Dorothy's house is), which used to be referred to as the four corners with Oklahoma, Colorado and Texas, but just realised, that the OK panhandle actually stretched further over to cut-off Texas.

Well looks like I'll have to wait till tomorrow for some action.

Sean, Im not interested in trading gaps, but interested in observing them.
Is the Netdania and Marketscope the same FXCM feed or no?

Thank Ayo and glad to help in a geography lesson meonia

Originally Posted by KP FX Trader

Sean, Im not interested in trading gaps, but interested in observing them.
Is the Netdania and Marketscope the same FXCM feed or no?

Thank Ayo and glad to help in a geography lesson meonia

It's my understanding that they are the same feed, but the instructions in each package as to how each package handles the construction of their candles can be different, especially with gaps over the weekends.

Hi Sean,
Any suggest on US retails and CPI?

Bullish Pair and Bearish Pair
Bullish:
AUDUSD
EURUSD
GBPUSD
More Bullish on those pairs again JPY

Bearish
USDCAD
USDCHF

Originally Posted by GIADAI

Hi Sean,
Any suggest on US retails and CPI?

Bullish Pair and Bearish Pair
Bullish:
AUDUSD
EURUSD
GBPUSD
More Bullish on those pairs again JPY

Bearish
USDCAD
USDCHF

Why do you think it will effect the usd/cad? or the AU? the pair that it 'may' effect the most will be the UJ not these

Originally Posted by Sean Hyman

It's my understanding that they are the same feed, but the instructions in each package as to how each package handles the construction of their candles can be different, especially with gaps over the weekends.

u know...i thought about some more and figured its probably simply a software issue, Marketscope fills in the gaps. I have been using Netdania for a few days and enjoying it.

Originally Posted by KP FX Trader

u know...i thought about some more and figured its probably simply a software issue, Marketscope fills in the gaps. I have been using Netdania for a few days and enjoying it.

Try the Powercharts, exact same thing but it allows you to screen more than one currency, side-by-side, or whatever. I've used Netdania for the first two years of trading, then moved on to Powercharts which is supported by the same folks that support Netdania.

A-Yo Bro