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Cable Update (GBPUSD)

  • #138,581
  • Jun 19, 2009 11:58am Jun 19, 2009 11:58am
Guys, be careful w/ longs...this sucker is gonna tank heading to 1.6420s
Hear the music before the song is over ...
  • #138,582
  • Jun 19, 2009 12:02pm Jun 19, 2009 12:02pm
Quoting GlobalMacro
Guys, be careful w/ longs...this sucker is gonna tank heading to 1.6420s
Thanks for the heads up Global...will watch out!
Hero Traders Live to see their Accounts Die!
  • #138,583
  • Jun 19, 2009 12:02pm Jun 19, 2009 12:02pm
Quoting malcolmb14
what tim frame you on ? I trade 5 min .

I am vsa freak .. been hitting trades out the park all week ... been an insane week.

We had lengthy discussions yesterday as to why we woud see 1.6500 test today , most were still bearish , I was long off 6300. Very easy to see the accumulation for move up

now after the 140 pip move up on a low vol test signal we see upthrust on 15 min into 1.6550. Stopped dead and reversed . This can be seen even better on 5 min chart .. gave us another clear sell signal 5 min for 50 pip down move .

gj has also...
lucky you...just stayed out of trade all day,gave a few entries to some bro's on skype..am still under the waether from last nigh date..sound's like your closing the week on high ground's....let's see how the daily and weekly cande closes,then i can draw a conclution..i see a shooting star on the weekly..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,584
  • Jun 19, 2009 12:02pm Jun 19, 2009 12:02pm
Was stooped on a short from 1.6470 at 1.6510. Entered another Short at 1.6550. Downtrend line still intact. It's still range bound. Looking to test the lower bound at 1.62.
Attached Image (click to enlarge)
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  • #138,585
  • Jun 19, 2009 12:03pm Jun 19, 2009 12:03pm
Quoting GlobalMacro
Guys, be careful w/ longs...this sucker is gonna tank heading to 1.6420s
ya u r right..H1/H4 look like OB and time for small range short i believe..i will leave her if H4 close below 1.65...to my first target of 1.6320 as mentioned before
  • #138,586
  • Jun 19, 2009 12:13pm Jun 19, 2009 12:13pm
wow.....

4 hour getitng bought last few days on dips .. accumulation alsmost . Spoke about this yesterday

This scenario could play out .....

We will just have to wait and see what Monday gives us.

I am just a mere day trader and do not know much about swing trading ( cannot hold a trade for more than 6 hours if my life depended on it.. i am more of a gorilla tactics trader .. in 30 - 100 pips and then out all within 2 hours )

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  • #138,587
  • Jun 19, 2009 12:16pm Jun 19, 2009 12:16pm
Quoting malcolmb14
wow.....

4 hour getitng bought last few days on dips .. accumulation alsmost . Spoke about this yesterday

This scenario could play out .....

We will just have to wait and see what Monday gives us.

I am just a mere day trader and do not know much about swing trading ( cannot hold a trade for more than 6 hours if my life depended on it.. i am more of a gorilla tactics trader .. in 30 - 100 pips and then out all within 2 hours )

Attachment
ur chart daily or H4 mal..if H4 should be like mine as posted before...pls advice
  • #138,588
  • Jun 19, 2009 12:18pm Jun 19, 2009 12:18pm
bullish pattern 4 hour .... Monday will tell us truth

was the market manipulated down so that those big money guys with future roll overs at 6250 zone could roll them over ok ?

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  • #138,589
  • Jun 19, 2009 12:23pm Jun 19, 2009 12:23pm
Quoting malcolmb14
wow.....

4 hour getitng bought last few days on dips .. accumulation alsmost . Spoke about this yesterday

This scenario could play out .....

We will just have to wait and see what Monday gives us.

I am just a mere day trader and do not know much about swing trading ( cannot hold a trade for more than 6 hours if my life depended on it.. i am more of a gorilla tactics trader .. in 30 - 100 pips and then out all within 2 hours )

Attachment
I can see that play working out to behonest.
Probability Professor
  • #138,590
  • Jun 19, 2009 12:29pm Jun 19, 2009 12:29pm
Quoting Galation
I can see that play working out to behonest.
I think we should vote who take short and who take long...so mine short..perhaps H4 close with hanging man bar...see how it look like how about you?
  • #138,591
  • Jun 19, 2009 12:34pm Jun 19, 2009 12:34pm
Quoting grashid
I think we should vote who take short and who take long...so mine short..perhaps H4 close with hanging man bar...see how it look like how about you?
4H definitely looking very bullish for me.. Could well test day highs and even Daily R2..
  • #138,592
  • Jun 19, 2009 12:34pm Jun 19, 2009 12:34pm
Quoting grashid
I think we should vote who take short and who take long...so mine short..perhaps H4 close with hanging man bar...see how it look like how about you?
That's a good idea, grashid, thought of that the other day myself...be good to have some of those bar graphs up there like who's bullish/bearish for the coming 2hours or 4 hours or something like that
Hear the music before the song is over ...
  • #138,593
  • Jun 19, 2009 12:38pm Jun 19, 2009 12:38pm
Quoting GlobalMacro
That's a good idea, grashid, thought of that the other day myself...be good to have some of those bar graphs up there like who's bullish/bearish for the coming 2hours or 4 hours or something like that

vote bullish ....

4 hours rsx green have to test 1.6650 (maybe higher)and nice double top for this to come down

supported by volume last few days .. no distribution phase to get rid of 3 days of accumulation

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  • #138,594
  • Jun 19, 2009 12:44pm Jun 19, 2009 12:44pm
Quoting malcolmb14
vote bullish ....

4 hours rsx green have to test 1.6650 (maybe higher)and nice double top for this to come down

supported by volume last few days .. no distribution phase to get rid of 3 days of accumulation

Attachment
I agree...I've been a bull the entire time since the hammer early june and continue to be so for the medium-term...but there's been something screwy today w/ the volume conditions that makes me wonder if pa's got some unfinished business below 1.6480 thru to 1.6420s for at least today or early monday...
Hear the music before the song is over ...
  • #138,595
  • Jun 19, 2009 12:53pm Jun 19, 2009 12:53pm
Quoting grashid
I think we should vote who take short and who take long...so mine short..perhaps H4 close with hanging man bar...see how it look like how about you?
At this time on Friday, I am definitely not opening a new position.

However, next week, I am Bullish, depending on the fundermental news data and developements of course.

Me = Bullish
Probability Professor
  • #138,596
  • Jun 19, 2009 1:07pm Jun 19, 2009 1:07pm
Quoting Galation
At this time on Friday, I am definitely not opening a new position.

However, next week, I am Bullish, depending on the fundermental news data and developements of course.

Me = Bullish

what when we get lovely gifts like these on lower time frames for us bulls ?

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  • #138,597
  • Jun 19, 2009 1:07pm Jun 19, 2009 1:07pm
Quoting malcolmb14
what when we get lovely gifts like these on lower time frames for us bulls ?

Attachment
Lovely Jubly !
Probability Professor
  • #138,598
  • Jun 19, 2009 1:08pm Jun 19, 2009 1:08pm
Quoting Galation
At this time on Friday, I am definitely not opening a new position.

However, next week, I am Bullish, depending on the fundermental news data and developements of course.

Me = Bullish
with every1 so bullish..it's only proper for me to go bearish..short and skin all of you guyz out..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,599
  • Jun 19, 2009 1:14pm Jun 19, 2009 1:14pm
Quoting sycho
with every1 so bullish..it's only proper for me to go bearish..short and skin all of you guyz out..HOLLA
CAPTAIN Sycho..

lol cap....deja vu ...

forexlion was supposed to be eating my stop when i went long at 1.6300 yesterday. !!
Blogging daily now at www.volume.zone
  • #138,600
  • Jun 19, 2009 1:20pm Jun 19, 2009 1:20pm
Quoting Ipips
4H definitely looking very bullish for me.. Could well test day highs and even Daily R2..
am i saw the wrong chart?...1.6580 is the most as what am posted before...as long as H4/daily close 1.65 am continue to my pit stop...maybe u can share ur chart..i need to check with mine ..and i would like to see double bar close below that area..perhaps..other wise,,yes north as what mal say...
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