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Cable Update (GBPUSD)

  • #139,481
  • Jun 23, 2009 7:32pm Jun 23, 2009 7:32pm
Watch out for the rejection at 1.6475!!
  • #139,482
  • Jun 23, 2009 7:37pm Jun 23, 2009 7:37pm
Quoting malcolmb14
well gu and gj played into hands , you all had three chances to get on gu train with me.

posted gj trade in vsa forum that I am in

what a nice start to asia

I rarely posts unless I am fairly sure of trades . i try to post as they happen not after and i try to give reason for the trades.

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havent been on this thread in a while, some good stuff there malcolmb14 love the cable chart...
Trading is 80% Emotional, 20% Technical
  • #139,483
  • Jun 23, 2009 7:39pm Jun 23, 2009 7:39pm
Quoting phenix1
Watch out for the rejection at 1.6475!!
That's the main area I see that needs to break. Good luck to all.
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Show me the PIPS!
  • #139,484
  • Jun 23, 2009 7:41pm Jun 23, 2009 7:41pm
I waiting for a nicer pullback before I jump aboard. I hope the train doesn't leave me. Preferably 1.6346 area.
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  • #139,485
  • Jun 23, 2009 7:42pm Jun 23, 2009 7:42pm
Does anyone think GU will go back below 1.60xx ?

USD will take back what It have to.

Tks
  • #139,486
  • Jun 23, 2009 7:45pm Jun 23, 2009 7:45pm
Or I might consider entering long at my PP. Just depends on how price reacts there.
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  • #139,487
  • Jun 23, 2009 7:45pm Jun 23, 2009 7:45pm
Quoting malcolmb14
well gu and gj played into hands , you all had three chances to get on gu train with me.

posted gj trade in vsa forum that I am in

what a nice start to asia

I rarely posts unless I am fairly sure of trades . i try to post as they happen not after and i try to give reason for the trades.

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Is this a private chat room, Mal?
  • #139,488
  • Jun 23, 2009 7:49pm Jun 23, 2009 7:49pm
Quoting learntowin
Does anyone think GU will go back below 1.60xx ?

USD will take back what It have to.

Tks
of course it will at some point!!! doesnt matter where its going all that matters is what will you do when it gets there.....
Trading is 80% Emotional, 20% Technical
  • #139,489
  • Jun 23, 2009 7:55pm Jun 23, 2009 7:55pm
Quoting tathlynq
That's the main area I see that needs to break. Good luck to all.

yes.
  • #139,490
  • Jun 23, 2009 7:56pm Jun 23, 2009 7:56pm
Angelina, what do you make of that hammer on 1h?
  • #139,491
  • Jun 23, 2009 8:02pm Jun 23, 2009 8:02pm
shooting star on H1 against 1.6470/80 on increased volume .. malcomb this indicates sellers on the hourly timeframe?

I am short from 6470.
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  • #139,492
  • Jun 23, 2009 8:07pm Jun 23, 2009 8:07pm
I agree, but the downside will not be much. As I pointed before in my post 6408 is where to load some longs.

Quoting jack.canadia
shooting star on H1 against 1.6470/80 on increased volume .. malcomb this indicates sellers on the hourly timeframe?

I am short from 6470.
Its all in the mind.
  • #139,493
  • Jun 23, 2009 8:14pm Jun 23, 2009 8:14pm
Quoting alex1976
Angelina, what do you make of that hammer on 1h?
6475 still resistance level there, wait to see if it breaks, we could see 6400 but Asia session open with strong up move so keep eye @ 6400 and 6385. I got half of my profit @ 6470 from 6416.


Angelina.
  • #139,494
  • Jun 23, 2009 8:40pm Jun 23, 2009 8:40pm
Quoting malcolmb14
well gu and gj played into hands , you all had three chances to get on gu train with me.

posted gj trade in vsa forum that I am in

what a nice start to asia

I rarely posts unless I am fairly sure of trades . i try to post as they happen not after and i try to give reason for the trades.

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Hi Malcolmb14

I've traded stocks for about 7 years using mainly volume and price successfully. I recently started to trade FX using NinjaTrader and Inetractive Brokers however the issue I'm having is 2 fold.

IB don't give historical volume and only do so in tick by tick when the platform is open and feeds into NT. This means you have to have it oprn constantly to have some volume history. The other major problem is that NT has a glitch with their volume indicator as it reaches a limit of 2147M, all charts other than the 1 and 2 minute are maxed out to the limit therefore useless.

I notice you use different charting packages and providers. which provider gives you historical volume that I can use side by side with NT or some other combination?

Also have read your posts in the VSA thread and find your explanations of price and volume action to be excellent. In my years of trading stocks I came to be able to read similar things in price and volume but not to the level that you expalin. Am reading Master the Markets and am looking forward to learning a lot more. Cheers
  • #139,495
  • Jun 23, 2009 8:42pm Jun 23, 2009 8:42pm
Quoting jack.canadia
shooting star on H1 against 1.6470/80 on increased volume .. malcomb this indicates sellers on the hourly timeframe?

I am short from 6470.
what is your tp and SL jack??

Ub
  • #139,496
  • Jun 23, 2009 8:52pm Jun 23, 2009 8:52pm
ty for the update
  • #139,497
  • Jun 23, 2009 9:00pm Jun 23, 2009 9:00pm
FWIW -I was short U/Cad -hit support at 1.1465ish and bounced right back like G/U-- will be interesting to see if/when the both break their S/R this session...
  • #139,498
  • Jun 23, 2009 9:22pm Jun 23, 2009 9:22pm
Quoting ubaidahsan
what is your tp and SL jack??

Ub
SL is BE now TP is open
  • #139,499
  • Jun 23, 2009 9:23pm Jun 23, 2009 9:23pm
i'm short at 6435 1st tp 6400 if break low (6412) it will go to 6370.... does anyone agree or any else suggest?? tq
  • #139,500
  • Jun 23, 2009 9:39pm Jun 23, 2009 9:39pm
Quoting jack.canadia
SL is BE now TP is open
hi jack, i am a newbie only...just wanna know your input for my analysis here... ( sorry for my bad in english ). Up trend will continue ? TP 1 : 6550 and Tp 2 : 6600 ?
H4 will make flag pattern and M 15 will make double bottom in 6400 ???
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