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Cable Update (GBPUSD)

  • #138,281
  • Jun 18, 2009 6:13pm Jun 18, 2009 6:13pm
Quoting RichLadyFX
Still holding to my short order @1.6324, -15 pips though.
as long as GU remains below 4 hour t3ma value 13, which it has maintained all of this week, we do go down, despite what others say

But,

on eurchf we recently saw a clear indication of intervention at 150 level, which means pound is being supported very fiercely at lower levels, even though there is no intervention in pound, there is in gbpchf specifically chf;
  • #138,282
  • Jun 18, 2009 6:19pm Jun 18, 2009 6:19pm
effectively this week we maintained a trading range of 6420 / 6220

down up down up down up down up down up down up down up down up down
  • #138,283
  • Jun 18, 2009 6:21pm Jun 18, 2009 6:21pm
Quoting invicta79
anyone interested in going LONG with USD/CHF... i went long @ 1.0840 T/P 1.0920; safer than cable and eurusd.
eurchf gets intervention on every touch of 150 so this means 150 is your buying level for quick money
  • #138,284
  • Jun 18, 2009 6:47pm Jun 18, 2009 6:47pm
Any downside in the pound will be well support around 6200 again.

Longer term TL from the 1.40's there along with triangle support and 1.62 area.
Attached Image (click to enlarge)
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  • #138,285
  • Jun 18, 2009 7:08pm Jun 18, 2009 7:08pm
alright i am now decided on an appropriate signature

and my shorts are all green

my chart levels of support for today
Attached Image (click to enlarge)
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  • #138,286
  • Jun 18, 2009 7:16pm Jun 18, 2009 7:16pm
Quoting biax
Are you kidding? its too lower for today pivot, i will find target for short @ 1638x/164xx.
Currently -ve14 pips. Hopefully I wont be gored by the bull. If he decided to munch my SL and take away my short, i guess i'll have to buy a new one. Maybe in London in few hours time.
Great Bodies are Engineered not Born
  • #138,287
  • Jun 18, 2009 7:18pm Jun 18, 2009 7:18pm
Hello every1,
Just want to say hello to every1 and thanks to all our analysts. Thanks also to all that ask questions too!
  • #138,288
  • Jun 18, 2009 7:20pm Jun 18, 2009 7:20pm
Quoting RichLadyFX
Currently -ve14 pips. Hopefully I wont be gored by the bull. If he decided to munch my SL and take away my short, i guess i'll have to buy a new one. Maybe in London in few hours time.
if you dont like the position exit now with profit!
  • #138,289
  • Jun 18, 2009 7:21pm Jun 18, 2009 7:21pm
Quoting goodwings
Hello every1,
Just want to say hello to every1 and thanks to all our analysts. Thanks also to all that ask questions too!
Hello goodwings

May today wil be your best day!
Great Bodies are Engineered not Born
  • #138,290
  • Jun 18, 2009 7:21pm Jun 18, 2009 7:21pm
good Morning guys!...I'm out for a while...trying to short on GBP/JPY..
Never Stop Learning...
  • #138,291
  • Jun 18, 2009 7:22pm Jun 18, 2009 7:22pm
Quoting forexlion
alright i am now decided on an appropriate signature

and my shorts are all green

my chart levels of support for today
Short side babayyyyyy
  • #138,292
  • Jun 18, 2009 7:38pm Jun 18, 2009 7:38pm
picking up another long ...30 pip stop

1.6305.... nice low volume down move. target 1.6375 for now

Attached Image (click to enlarge)
Click to Enlarge Name: gu01.jpg Size: 120 KB
Blogging daily now at www.volume.zone
  • #138,293
  • Jun 18, 2009 7:41pm Jun 18, 2009 7:41pm
Quoting malcolmb14
picking up another long ...30 pip stop

1.6305.... nice low volume down move. target 1.6375 for now

Attachment
good, i will eat your stop

i just modified my short target by 50 more pips at 6181
  • #138,294
  • Jun 18, 2009 7:44pm Jun 18, 2009 7:44pm
Quoting malcolmb14
picking up another long ...30 pip stop

1.6305.... nice low volume down move. target 1.6375 for now

Attachment
Doesnt that show that volume increased on the down move??
  • #138,295
  • Jun 18, 2009 7:46pm Jun 18, 2009 7:46pm
For those of you that use the Dollar Index, here is some info that supports a bearish view.

It sometimes helps to compare the inverse chart of the dollar index to the G/U chart in terms of closing price to see any discrepancies in the strenght of the dollar and the movements of G/U.

Check it out.
Attached Image (click to enlarge)
Click to Enlarge Name: diverge.jpg Size: 159 KB
  • #138,296
  • Jun 18, 2009 7:46pm Jun 18, 2009 7:46pm
Quoting forexlion
alright i am now decided on an appropriate signature

and my shorts are all green

my chart levels of support for today
the only thing that can ever force me to close my shorts is a valid bounce on 15 min charts off one of the supports given in the chart above
  • #138,297
  • Jun 18, 2009 7:52pm Jun 18, 2009 7:52pm
Quoting forexlion
good, i will eat your stop

i just modified my short target by 50 more pips at 6181

eat away if you can catch it ..... stop BE
Blogging daily now at www.volume.zone
  • #138,298
  • Jun 18, 2009 7:52pm Jun 18, 2009 7:52pm
Quoting RichLadyFX
Currently -ve14 pips. Hopefully I wont be gored by the bull. If he decided to munch my SL and take away my short, i guess i'll have to buy a new one. Maybe in London in few hours time.
your short in green right now. patience and don't greedy

yesterday, my short just BE+40 before +210! without target and I'm Rest In Sleep. (because greedy)
  • #138,299
  • Jun 18, 2009 7:53pm Jun 18, 2009 7:53pm
Quoting jack.canadia
Doesnt that show that volume increased on the down move??

yes volume increase on down into support and no result only mean buying interest

always good for a few pips
Blogging daily now at www.volume.zone
  • #138,300
  • Jun 18, 2009 7:56pm Jun 18, 2009 7:56pm
Quoting malcolmb14
yes volume increase on down into support and no result only mean buying interest

always good for a few pips
when a new candle starts the volume is almost 0

when the candle finishes is when you get to know the true volume of the candle

so

volume analysis is bs

since volume data is historical, you get to know it after the candle closes

so on 1 hour candle which just started and to say it went down on low volume is the biggest bs i ever heard in the history of fx

and

what is the use of historical data in predicting what can happen next
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