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Cable Update (GBPUSD)

  • #453,821
  • Aug 3, 2017 3:56am Aug 3, 2017 3:56am
interesting .... how many are highly bullish now on gbp ? .. survey please. I am interested,
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  • #453,822
  • Aug 3, 2017 3:57am Aug 3, 2017 3:57am
Quoting Oliver_Chart
{quote} Agreed. Stocks are more reliable in this matter.
the first vertical .. that volume meant nothing at all ... lol .. nothing but IT could have made you a shed load of money
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  • #453,823
  • Aug 3, 2017 3:58am Aug 3, 2017 3:58am
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
Ive never really been able to make much use of it . Ole malcolmb is good with it ,, works for him not going to fault a person if they can make sense of it and make some money.
  • #453,824
  • Aug 3, 2017 3:58am Aug 3, 2017 3:58am
classic gotcha bar check out the seller,,,, I became ultra bear now

remember my sell zone is 1.3190 .... so market comes to me or it doesn't ...

all i am saying is bulls be VERY cautious buying till the high of that news bar is taken out

You are professional money knowing that weakness will come later .. what do you want to do ... move price as high as possible before hand.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 36 KB
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  • #453,825
  • Aug 3, 2017 3:59am Aug 3, 2017 3:59am
Quoting malcolmb14
interesting .... how many are highly bullish now on gbp ? .. survey please. I am interested,
I have long position with stop-loss at 1.3208. Entry is at 1.3244
  • #453,826
  • Aug 3, 2017 4:00am Aug 3, 2017 4:00am
Quoting malcolmb14
interesting .... how many are highly bullish now on gbp ? .. survey please. I am interested,
Lol, you know how that works man ,,,,, the masses have been short for ever ,,,,, tunes a changing bout ready for a nice pullback so they can get heavily long to watch it dribble the other way
  • #453,827
  • Aug 3, 2017 4:05am Aug 3, 2017 4:05am
Quoting digger1
{quote} Ive never really been able to make much use of it . Ole malcolmb is good with it ,, works for him not going to fault a person if they can make sense of it and make some money.
.... I mostly trade futures in currency as VSA set ups are very clear ... FX can be a bit harder at times for sure.

How everything with you ? making bag loads of $$$$ ?
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  • #453,828
  • Aug 3, 2017 4:09am Aug 3, 2017 4:09am
Quoting Oliver_Chart
{quote} I have long position with stop-loss at 1.3208. Entry is at 1.3244
be cautious

'see how this next 15 min .... they are not taking it higher ... move your stop tighter. if that was a real break out it would be rolling higher by now

this is same bar on euro yesterday(see chart below) .. you may call it a fake breakout.... poke it up bulls or jump in .. when you ready to drop it price drops faster as bulls running for the doors and stops hit. .... in VSA we call it an upthrust or a ' gotcha bar ' aka bull trap

FOR ANYONE WITH BALLS OF STEEL YOU CAN SELL HERE WITH STOP ABOVE HOD .. YOU MAY MAKE 200 PIP TODAY
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 38 KB
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  • #453,829
  • Aug 3, 2017 4:12am Aug 3, 2017 4:12am
Quoting malcolmb14
{quote} be cautious 'see how this next 15 min .... they are not taking it higher ... move your stop tighter. if that was a real break out it would be rolling higher by now this is same bar on euro yesterday(see chart below) .. you may call it a fake breakout.... poke it up bulls or jump in .. when you ready to drop it price drops faster as bulls running for the doors and stops hit. .... in VSA we call it an upthrust or a ' gotcha bar ' aka bull trap {image}
Thank you for advice.
I watch my position very closely.
  • #453,830
  • Aug 3, 2017 4:15am Aug 3, 2017 4:15am
Quoting malcolmb14
{quote} .... I mostly trade futures in currency as VSA set ups are very clear ... FX can be a bit harder at times for sure. How everything with you ? making bag loads of $$$$ ?
Ah same ole man ,,,,,, doing all rite. Dont need to make near what I used too. Funny when the pressure is off it seems to be a lot easier lol
  • #453,831
  • Aug 3, 2017 4:15am Aug 3, 2017 4:15am
Quoting Oliver_Chart
{quote} I have long position with stop-loss at 1.3208. Entry is at 1.3244
long from 1.323 stop loss 1.324
  • #453,832
  • Aug 3, 2017 4:21am Aug 3, 2017 4:21am
Quoting Oliver_Chart
{quote} Thank you for advice. I watch my position very closely.
lets look at this 30 min

If that was really buyers in that bar the next bar would be UP.... but its not.

Forget about any kind of fancy indicators , rsi macd blah blah blah .

Remember only three things.

The markets are manipulated at all times ( even fx)
Professional money BUYS on DOWN bars
Professional money SELLS on UP bars

Once you got that figured out losses can be reduced.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 34 KB
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  • #453,833
  • Aug 3, 2017 4:26am Aug 3, 2017 4:26am
i said before we will see good correction for GBP crosses before the Inflation Report and Bank Rate good luck for all ( Wait the second wave of correction ) .
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Click to Enlarge Name: GBPCorrection.png Size: 6 KB
  • #453,834
  • Aug 3, 2017 4:28am Aug 3, 2017 4:28am
Quoting Nelzo
First bon weekend , i would to alert you for the next week news as following : 3.Aug.2017 BOE Inflation Report : UK control the Inflation under the Risk level overall the economy show some good resistance till now for the Brexit . Official Bank Rate : i think the UK will keep the Bank rate at the same level which is support the the first point . if that happend we will see the GBP over 1.3650 end of the next week , i didn't see to this moment any bad report from the official economy enterprise . still the bullish wave live and we will see the next...
Just Reminder .
  • #453,835
  • Aug 3, 2017 4:30am Aug 3, 2017 4:30am
Quoting malcolmb14
{quote} lets look at this 30 min If that was really buyers in that bar the next bar would be UP.... but its not. Forget about any kind of fancy indicators , rsi macd blah blah blah . Remember only three things. The markets are manipulated at all times ( even fx) Professional money BUYS on DOWN bars Professional money SELLS on UP bars Once you got that figured out losses can be reduced. {image}
just cannot resist although its against my trading plan .... will add on the way down later
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 35 KB
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  • #453,836
  • Aug 3, 2017 4:46am Aug 3, 2017 4:46am
Quoting malcolmb14
classic gotcha bar check out the seller,,,, I became ultra bear now remember my sell zone is 1.3190 .... so market comes to me or it doesn't ... all i am saying is bulls be VERY cautious buying till the high of that news bar is taken out You are professional money knowing that weakness will come later .. what do you want to do ... move price as high as possible before hand. {image}
Hi malcolmb,
Can you share me VSA Relative Volume ?
Thank you ,
  • #453,837
  • Aug 3, 2017 4:51am Aug 3, 2017 4:51am
Quoting BigSM
{quote} Hi malcolmb, Can you share me VSA Relative Volume ? Thank you ,
its a paid add on your buy through tradeguider.com for $100 a month
Blogging daily now at www.volume.zone
  • #453,838
  • Aug 3, 2017 4:53am Aug 3, 2017 4:53am
Quoting malcolmb14
{quote} just cannot resist although its against my trading plan .... will add on the way down later {image}
now who believes volume matters in FX ? lol....it matters even if its tick or whatever it is .. it matters
Blogging daily now at www.volume.zone
  • #453,839
  • Aug 3, 2017 5:02am Aug 3, 2017 5:02am
Quoting malcolmb14
{quote} its a paid add on your buy through tradeguider.com for $100 a month
Thank for this infomation. Good trading style.
  • #453,840
  • Aug 3, 2017 5:03am Aug 3, 2017 5:03am
small teaching while we are waiting for interest rates

NEVER buy the first break bar always wait for a down bar for entry. look for LOW volume on the down bar .. place your buy above the high of the bar stop under the low... this is how to play a break out.
Attached Image (click to enlarge)
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