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Cable Update (GBPUSD)

  • #453,801
  • Aug 2, 2017 6:08am Aug 2, 2017 6:08am
Quoting fxwinnerz
I am short at 1.32350, S.L is 1.3255
Closed for +15 pips, since not moving in any direction
  • #453,802
  • Aug 2, 2017 2:34pm Aug 2, 2017 2:34pm
The pair continues consolidating its gains ahead of BoE monetary policy meeting tomorrow. Resistance can found at 1.3250 and follow by 1.3300.
  • #453,803
  • Aug 2, 2017 10:16pm Aug 2, 2017 10:16pm
Quoting csc2009
The pair continues consolidating its gains ahead of BoE monetary policy meeting tomorrow. Resistance can found at 1.3250 and follow by 1.3300.
1.3250 indeed.
Been rejected twice there
  • #453,804
  • Aug 2, 2017 10:25pm Aug 2, 2017 10:25pm
Inserted Video
  • #453,805
  • Aug 2, 2017 10:44pm Aug 2, 2017 10:44pm
Quoting LocoGuy
{quote} 1.3250 indeed. Been rejected twice there
My bets are on 1.3080 today .....see the reason why in my thread. I need to see a 15 min close under 1.3190 then I am in on a sell .
Blogging daily now at www.volume.zone
  • #453,806
  • Aug 2, 2017 11:29pm Aug 2, 2017 11:29pm
Quoting malcolmb14
{quote} My bets are on 1.3080 today .....see the reason why in my thread. I need to see a 15 min close under 1.3190 then I am in on a sell .
That would be wise. The price has to go out of the hesitation area 1.3190-1.3250.
Depending on which side it goes the one should act.
  • #453,807
  • Aug 2, 2017 11:31pm Aug 2, 2017 11:31pm
Quoting LocoGuy
{quote} That would be wise. The price has to go out of the hesitation area 1.3190-1.3250. Depending on which side it goes the one should act.
in vsa terms what has been happening the last few days is classic distribution ... this leads to substantial drops.

all high volume has been on the UP bars on the 60 min indicating sellers hitting the market
Blogging daily now at www.volume.zone
  • #453,808
  • Aug 2, 2017 11:38pm Aug 2, 2017 11:38pm
Quoting malcolmb14
{quote} in vsa terms what has been happening the last few days is classic distribution ... this leads to substantial drops. all high volume has been on the UP bars on the 60 min indicating sellers hitting the market
Maybe
But I do not like prediction style in the matter of trading.
I act according to price action considering important levels (support/resistance lines). It is very often that market moves against any kind of logic.
  • #453,809
  • Aug 2, 2017 11:41pm Aug 2, 2017 11:41pm
Quoting LocoGuy
{quote} Maybe But I do not like prediction style in the matter of trading. I act according to price action considering important levels (support/resistance lines). It is very often that market moves against any kind of logic.
professional money CANNOT hide .. they do not suddenly take a position .

but waiting ofr price action and how I trade are not to far apart...I used oth ave crazy charts with indies all over... now it pretty straight forward a trend indicator and volumes
Blogging daily now at www.volume.zone
  • #453,810
  • Aug 2, 2017 11:54pm Aug 2, 2017 11:54pm
Quoting malcolmb14
{quote} professional money CANNOT hide .. they do not suddenly take a position . but waiting ofr price action and how I trade are not to far apart...I used oth ave crazy charts with indies all over... now it pretty straight forward a trend indicator and volumes
Yeah!
I love these charts with dozens of lines all over
The more lines - the bigger expert is behind
Almost got it or far far away. Result is the same - you didn't get it!
  • #453,811
  • Aug 3, 2017 12:04am Aug 3, 2017 12:04am
Quoting MarkRox
{quote} Yeah! I love these charts with dozens of lines all over The more lines - the bigger expert is behind
lol .... for sure ...
Blogging daily now at www.volume.zone
  • #453,812
  • Aug 3, 2017 12:09am Aug 3, 2017 12:09am
Quoting Solo11
{quote} Why is that so? My stop-losses are usually close and I respect them. My desired profits are not so far from entry (typically r/r ratio is 1 to 3). It is usual action - price bouncing back from a sharp spike. With proper MM it works just charming.
Hi Solo perfect work Just to say be careful your method perfect in Stable Area but the market this days prepare to change level .
  • #453,813
  • Aug 3, 2017 1:00am Aug 3, 2017 1:00am
Quoting Nelzo
{quote} Hi Solo perfect work Just to say be careful your method perfect in Stable Area but the market this days prepare to change level .
Thanks, pal :-)
  • #453,814
  • Aug 3, 2017 1:05am Aug 3, 2017 1:05am
double upthrusts on a 15 min .... weakness has appeared

Now looking for another up move with LOW volume.... aka NO DEMAND

Daily pivot just under us.... (green line)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 36 KB
Blogging daily now at www.volume.zone
  • #453,815
  • Aug 3, 2017 1:42am Aug 3, 2017 1:42am
look like we gonna hit above 1.328 or 1.33 by mid day!!
  • #453,816
  • Aug 3, 2017 1:45am Aug 3, 2017 1:45am
Quoting malcolmb14
double upthrusts on a 15 min .... weakness has appeared Now looking for another up move with LOW volume.... aka NO DEMAND Daily pivot just under us.... (green line) {image}
Think a move pays the same whether there is volume or not and if it gets pushed far enough there will be more volume lol,,,,,,,,,jk. good to see you floating around again man. Hope all is well with you .
  • #453,817
  • Aug 3, 2017 1:50am Aug 3, 2017 1:50am
Quoting digger1
{quote} Think a move pays the same whether there is volume or not and if it gets pushed far enough there will be more volume lol,,,,,,,,,jk. good to see you floating around again man. Hope all is well with you .
+ you can never see the real volume on FX what you see may be some volume from retailers...
or the volume that we see may be a drop in the ocean compared to the volume of market movers (which we can't see)
Conclusion: Volume mean nothing when it comes to FX
  • #453,818
  • Aug 3, 2017 1:54am Aug 3, 2017 1:54am
Quoting timos
{quote} + you can never see the real volume on FX what you see may be some volume from retailers... or the volume that we see may be a drop in the ocean compared to the volume of market movers (which we can't see) Conclusion: Volume mean nothing when it comes to FX
excatly volume means NOTHING
Blogging daily now at www.volume.zone
  • #453,819
  • Aug 3, 2017 1:55am Aug 3, 2017 1:55am
Quoting digger1
{quote} Think a move pays the same whether there is volume or not and if it gets pushed far enough there will be more volume lol,,,,,,,,,jk. good to see you floating around again man. Hope all is well with you .
volume means nothing anyway
Blogging daily now at www.volume.zone
  • #453,820
  • Aug 3, 2017 1:55am Aug 3, 2017 1:55am
Quoting timos
{quote} + you can never see the real volume on FX what you see may be some volume from retailers... or the volume that we see may be a drop in the ocean compared to the volume of market movers (which we can't see) Conclusion: Volume mean nothing when it comes to FX
Agreed.
Stocks are more reliable in this matter.
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