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Cable Update (GBPUSD)

  • #453,841
  • Aug 3, 2017 5:07am Aug 3, 2017 5:07am
Quoting malcolmb14
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. {image}
like this ...

Gold chart yesterday

break out of resistance ... the bar where the vertical line is the test .. see how it closed way off its lows. BUT we had to wait for it.

Patience pays in this game
Attached Image (click to enlarge)
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  • #453,842
  • Aug 3, 2017 5:32am Aug 3, 2017 5:32am
Quoting malcolmb14
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. {image}
still cautious as the SAFE sell is 1.3190
Blogging daily now at www.volume.zone
  • #453,843
  • Aug 3, 2017 5:49am Aug 3, 2017 5:49am
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}
Thank you again, but I'm totally fine with the range of my losses.
I trade on M30 chart and to my eye trade is not lost yet.
I pay attention to levels a lot (as was here mentioned earlier by someone).
  • #453,844
  • Aug 3, 2017 6:04am Aug 3, 2017 6:04am
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 FOR ANYONE WITH BALLS OF STEEL YOU CAN SELL HERE WITH STOP ABOVE HOD .. YOU MAY MAKE 200 PIP TODAY...
anyone that took the trade .. move stop BE .. let here run 3050. ....

anyone wnats to know why volume matters and how to trade it .. hit me up in my inbox
Blogging daily now at www.volume.zone
  • #453,845
  • Aug 3, 2017 6:04am Aug 3, 2017 6:04am
over 300pips made

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 28 KB
practising coitus interruptus
  • #453,846
  • Aug 3, 2017 6:06am Aug 3, 2017 6:06am
Quoting malcolmb14
{quote} anyone that took the trade .. move stop BE .. let here run 3050. .... anyone wnats to know why volume matters and how to trade it .. hit me up in my inbox
nice!!
  • #453,847
  • Aug 3, 2017 6:07am Aug 3, 2017 6:07am
Quoting Oliver_Chart
{quote} Thank you again, but I'm totally fine with the range of my losses. I trade on M30 chart and to my eye trade is not lost yet. I pay attention to levels a lot (as was here mentioned earlier by someone).
Oops
Got kicked out
  • #453,848
  • Aug 3, 2017 6:09am Aug 3, 2017 6:09am
Quoting avibe
over 300pips made {image}
good job .. but you could have blown up your account ....watch money management
Blogging daily now at www.volume.zone
  • #453,849
  • Aug 3, 2017 6:11am Aug 3, 2017 6:11am
now i am not going to tell you all how or why ...

but the guys that taught me this stuff called the drop in GBP and it was very clear prior to the election results .. imagine

this was an EASY trade .. been following it all week .. its classic distribution

as i mentioned earlier professional money CANNOT hide the footprint in the charts
Blogging daily now at www.volume.zone
  • #453,850
  • Aug 3, 2017 6:16am Aug 3, 2017 6:16am
Important update.
Ubi maior minor cessat
  • #453,851
  • Aug 3, 2017 6:17am Aug 3, 2017 6:17am
And here's where I buy!
  • #453,852
  • Aug 3, 2017 6:18am Aug 3, 2017 6:18am
wait for small retrace on a 15 min ... if the is weak volume on up moves place sell under the 15 min bar .. target 3050
Blogging daily now at www.volume.zone
  • #453,853
  • Aug 3, 2017 6:18am Aug 3, 2017 6:18am
Quoting Solo11
And here's where I buy!
amazing .... good luck

do not buy the forst down bar .. wait for UP move .. then retest of the drop bar low. ...you avoid taking losses.
Blogging daily now at www.volume.zone
  • #453,854
  • Aug 3, 2017 6:20am Aug 3, 2017 6:20am
Quoting malcolmb14
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. {image}
your vsa commentary helped solidify my GBP sell

thanks
practising coitus interruptus
  • #453,855
  • Aug 3, 2017 6:20am Aug 3, 2017 6:20am
give me the EA
  • #453,856
  • Aug 3, 2017 6:22am Aug 3, 2017 6:22am
Quoting tasaoirse
give me the EA
so this is what it is about
  • #453,857
  • Aug 3, 2017 6:22am Aug 3, 2017 6:22am
Quoting malcolmb14
{quote} amazing .... good luck do not buy the forst down bar .. wait for UP move .. then retest of the drop bar low. ...you avoid taking losses.
coincidence this drop .... banks woke up and said lets sell hell out of GBP today ...NO

this chart is an open book ...

I posted it earlier and here it is all as planned.

any buyers .. do not bother till 1.3190 taken out to up side and tested .. thats my recommendation

now those posters that said .. do not guess....or volume does not matter .. still think so ?
Attached Image (click to enlarge)
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  • #453,858
  • Aug 3, 2017 6:24am Aug 3, 2017 6:24am
Quoting Solo11
And here's where I buy!
i see more deep selling

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
practising coitus interruptus
  • #453,859
  • Aug 3, 2017 6:27am Aug 3, 2017 6:27am
Quoting Solo11
And here's where I buy!
solo remind me to post how to trade a bottom on the weekend please.... ok .. it will save you pips ...

I been doing this crap for way to long made all the mistakes
Blogging daily now at www.volume.zone
  • #453,860
  • Aug 3, 2017 6:27am Aug 3, 2017 6:27am
nice work malcom, been watching on sidelines called it well. Lets see if you get those 300 pips. interesting to see two contrarian views here (nelzo).
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