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Cable Update (GBPUSD)

  • #122,981
  • Feb 24, 2009 3:27am Feb 24, 2009 3:27am
I'm Sorry there was an error with the table, i forget to update some fields after the video demo
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  • #122,982
  • Feb 24, 2009 3:30am Feb 24, 2009 3:30am
still at the bus stop..i have not seen a good bus
  • #122,983
  • Feb 24, 2009 3:31am Feb 24, 2009 3:31am
Out at 1,4490 for 41 pips.
  • #122,984
  • Feb 24, 2009 3:31am Feb 24, 2009 3:31am
here we go. ffs, I hope this time it trips for good.
Thank You
  • #122,985
  • Feb 24, 2009 3:34am Feb 24, 2009 3:34am
Quoting tiagor
Hello Barny. You're right. I use tick volume along with price action much in the way VSA works. Zero indicators, that is
What I'm looking at is signs of accumulation/distribution and try to get along with where the money is going.
Fantastic!! Haven't heard words like that for ages! Just my style! Did you catch this recent drop. You saw the vol spike high @ 10:00 followed by a higher price @ 10:15 but on lower volume, obviously a test and down she went! Great! I have to admit I do use some indicators, fib and Ma's
  • #122,986
  • Feb 24, 2009 3:37am Feb 24, 2009 3:37am
Quoting Barny
Fantastic!! Haven't heard words like that for ages! Just my style! Did you catch this recent drop. You saw the vol spike high @ 10:00 followed by a higher price @ 10:15 but on lower volume, obviously a test and down she went! Great! I have to admit I do use some indicators, fib and Ma's
Even though the drop was triggered by the UK mortgage news, you could see the smart money action ahead of time!!
  • #122,987
  • Feb 24, 2009 3:39am Feb 24, 2009 3:39am
Quoting tiagor
Out at 1,4490 for 41 pips.
I jumped off the BUS at the next stop at 1.4481 from my sell ticket I took at 1.4560 this morning.

Might look for another Down Town ticket later after she goes around the block.
  • #122,988
  • Feb 24, 2009 3:40am Feb 24, 2009 3:40am
Quoting Barny
Fantastic!! Haven't heard words like that for ages! Just my style! Did you catch this recent drop. You saw the vol spike high @ 10:00 followed by a higher price @ 10:15 but on lower volume, obviously a test and down she went! Great! I have to admit I do use some indicators, fib and Ma's
I got 41 pips and got out at 1,4490. Don't like to be greedy and i still mantain the opinion above that I can't yet see enough supply pressure to break 1,45/4480 for good. Though this up/down movements sure seem like attempts to shake off any demand there's left.
I also forgot to answer your question about the software. I don't use anything special. Just naked charts with tick volume. More than that, just a few candlestick patterns and mental S/R lines.
  • #122,989
  • Feb 24, 2009 3:42am Feb 24, 2009 3:42am
Quoting alfamichi
still at the bus stop..i have not seen a good bus

i have seen a bus that stopped at a mini support..so i have joined it @ 1.4487.

i hope it will go my way...long
  • #122,990
  • Feb 24, 2009 3:44am Feb 24, 2009 3:44am
The market is still thinking. The outcome will be very interesting.
Abuawad's system stand a big chance of capturing the move either way. It looks more of hedging to me. But will try that on my cent account.
  • #122,991
  • Feb 24, 2009 3:48am Feb 24, 2009 3:48am
dragon & usd/yen resistance levels are holding. Cable won't be moving up for now.
Thank You
  • #122,992
  • Feb 24, 2009 3:50am Feb 24, 2009 3:50am
Quoting alfamichi
i have seen a bus that stopped at a mini support..so i have joined it @ 1.4487.

i hope it will go my way...long

hope so too.....
  • #122,993
  • Feb 24, 2009 3:53am Feb 24, 2009 3:53am
What I see today that a lot of small trades will be parting from their money .Market is very volatile and if you don't see levels or directions don't jump on a first bus ,it may take you to wrong destination
  • #122,994
  • Feb 24, 2009 3:53am Feb 24, 2009 3:53am
this bus looks so hot..had to go out with 37pips..good ride for today's start
  • #122,995
  • Feb 24, 2009 4:02am Feb 24, 2009 4:02am
[quote=alfamichi;2560274]this bus looks so hot..had to go out with 37pips..good ride for today's start[/quoted

yes. luckily I change my mind and took 50pipis
  • #122,996
  • Feb 24, 2009 4:05am Feb 24, 2009 4:05am
i think i will exit my long position. Too many trend lines offering resistance on the way. Triangle on M15 showing we have a long way to get to a breakout. My emotion is frying me....i need fresh pips noW!
  • #122,997
  • Feb 24, 2009 4:10am Feb 24, 2009 4:10am
I would agree. Market seemed to be hanging around PP, which mean indecision. If you are a scalper, then this is your time to shine. For others not so fainted heart, I would suggest to wait until price break out of the range 1.4575 for up and 1.4450 for down moves.

http://i41.tinypic.com/t7zrf5.jpg



Quoting sofia101
What I see today that a lot of small trades will be parting from their money .Market is very volatile and if you don't see levels or directions don't jump on a first bus ,it may take you to wrong destination
  • #122,998
  • Feb 24, 2009 4:14am Feb 24, 2009 4:14am
Took another short at 1,45224. Again, tight SL.
If it goes well, cover half at 1,4495 and let the rest play.
  • #122,999
  • Feb 24, 2009 4:20am Feb 24, 2009 4:20am
Quoting tiagor
Took another short at 1,45224. Again, tight SL.
If it goes well, cover half at 1,4495 and let the rest play.
Got that one too!!
  • #123,000
  • Edited 4:27am Feb 24, 2009 4:22am | Edited 4:27am
Quoting Barny
Got that one too!!
Careful. These are risky plays. Covered a little now and SL of the rest at Break-even.

UPDATE: closed position at 1,45076
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