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Cable Update (GBPUSD)

  • #139,721
  • Jun 24, 2009 6:04am Jun 24, 2009 6:04am
BEARS...... RIP
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 115 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,722
  • Jun 24, 2009 6:07am Jun 24, 2009 6:07am
Quoting T.E.Lawrence
shooting star on 1h:

Attachment

watch the background TE ... I know you are into the volume thing .. background is buyers not sellers at the moment , has been last 24 hours
Blogging daily now at www.volume.zone
  • #139,723
  • Jun 24, 2009 6:08am Jun 24, 2009 6:08am
Bb what you think .. Cable reached 1.68 area or go for down ?
  • #139,724
  • Jun 24, 2009 6:09am Jun 24, 2009 6:09am
Quoting Bull_Bear
BEARS...... RIP
we are slowly dying. there is no hope for us
  • #139,725
  • Jun 24, 2009 6:09am Jun 24, 2009 6:09am
Quoting grashid
1. 1.6680 need to break for continous bull run to weekly 50% which is
1.6920
2. Break out 50% weekly..look carefully at weekly chart what candelistic
is talking about
3. Daily strong resistance formed at this 1.66 area and what is told us
4. H1 double top? H4 will form DOJI? Then wait for this H4 another bar to
close.But am sure 40-50 pips will miss from this point.
5. 1.64-1.62 is crucial for July open everybody...Tanking if she form doji in
june candle? There are no bull trend for me starting by last week till
Sep-Oct this year...Till she...
this is what i like about gras ,,, right or wrong he always posts what he is doing and why. Nice to see. Great explanations . I think you are going to give away pips on the stop .. but that is just my thought
Blogging daily now at www.volume.zone
  • #139,726
  • Jun 24, 2009 6:10am Jun 24, 2009 6:10am
Today i lost the 2nd trade in the row like after a long long time in a single day i lost couple of trades in the cable because i want to trade my analysis not what markets are showing me but lesson is learned the market is always right .. so today cable is moving up and down very volatile markets like sharks are hunting for the stops but after losing the couple of trades i won`t trade this cable today to recover the loss which might make it three in row in a single day in the same item and this could happened in last--- years so back to basic and learned the lesson which is trade what you see not what you expect ! so i think cable is toping out for that it should close below 16370 this week for today 16452 is very important and 16635/16728* is strong resistance if it breaks we might see 16970*/17140//** 17385*** from where some 1400 point drop is possible
So today is key day for me to learned my lesson and i want other traders at the forum to share thier views with me
Mind vission traders
  • #139,727
  • Jun 24, 2009 6:12am Jun 24, 2009 6:12am
Quoting MoeFx
we are slowly dying. there is no hope for us
im gonna smack the bear, mabe he start fighting like a man.
  • #139,728
  • Jun 24, 2009 6:14am Jun 24, 2009 6:14am
Quoting Faryad
Bb what you think .. Cable reached 1.68 area or go for down ?
1.7000 is certainly achievable...... many sessions away, at least your with the trend.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,729
  • Jun 24, 2009 6:15am Jun 24, 2009 6:15am
all signs point to a 200+ pip drop.
  • #139,730
  • Jun 24, 2009 6:16am Jun 24, 2009 6:16am
Quoting MoeFx
we are slowly dying. there is no hope for us
Thats right my friend, 1.6600 is very critical, if your a bear hold that level close to your chest
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,731
  • Jun 24, 2009 6:18am Jun 24, 2009 6:18am
Quoting Ferick
at 1.6550-1.66.

Pulled the triger at 1.6585. SL 1.6610, Target to be determined.
  • #139,732
  • Jun 24, 2009 6:19am Jun 24, 2009 6:19am
Quoting readerFX
Something not smells right this thing is moving around like headless chicken damnit

price will be moved around at fomc. I often do not trade this day. The porice fluctuates 50 pip every 10 min to screw the swing tradesr up , fast drops can often be shakes outs. But if proceeded by weakness in the background can signal reversals

I see no reason for sells yet in the volume , but with the buyers at 1.65100 until this is taken out I am buying dips if anything

most here seems to be missing the key ingredient ... simple price action. Dips are being bought , so why try to sell . Seems odd that dips being bought so close to a major resistance level ... or is it ??? this could signal an impending breakout. The up move will be rapid if it happens , to lock in traders that would be selling 1.6600. If one misses the intial breakout , often we get a low volume test of the breakout level , that is time to load up.

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Blogging daily now at www.volume.zone
  • #139,733
  • Jun 24, 2009 6:20am Jun 24, 2009 6:20am
Quoting MoeFx
all signs point to a 200+ pip drop.
Mate I thought you were long earlier?
Thank You
  • #139,734
  • Jun 24, 2009 6:20am Jun 24, 2009 6:20am
Quoting Ferick
Pulled the triger at 1.6585. SL 1.6610, Target to be determined.
At least your a smart bear Thats not to say I'm with the bear camp.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,735
  • Jun 24, 2009 6:21am Jun 24, 2009 6:21am
Quoting malcolmb14
this is what i like about gras ,,, right or wrong he always posts what he is doing and why. Nice to see. Great explanations . I think you are going to give away pips on the stop .. but that is just my thought
..thanks mate..158.20 sell limit GY are in play with Sl=159.50
1.6580 GU sell limit also in play with SL=1.6680

Anyway am just a poor guys with a poor view..but this what i did...hit both SL...no issue to me as i just will lost USD2k....but in actually my both Monthly and weekly already achieved and am cool for this....this is just my extra bonus in order to me to buy my new Dopod...

Hows life mate..Aus quite atm....Good to see ur call

P/S : For those newbiew, I introduce Mal is one of my Master beside Piter,Q and some of my buddy list in Aus....He is very nice and kind guys if you guys know how to convince him..otherwise..he will show u what he will..
  • #139,736
  • Jun 24, 2009 6:21am Jun 24, 2009 6:21am
Quoting Bull_Bear
Thats right my friend, 1.6600 is very critical, if your a bear hold that level close to your chest
it is very critical. the market gives and take so who realy knows, there is realy no clear signs of anything
  • #139,737
  • Jun 24, 2009 6:21am Jun 24, 2009 6:21am
Quoting wormboy
Mate I thought you were long earlier?
I thought the same thing, couldn't really keep up with him
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,738
  • Jun 24, 2009 6:22am Jun 24, 2009 6:22am
Quoting MoeFx
im gonna smack the bear, mabe he start fighting like a man.
The grisly bear did come for a visit, albeit briefly.
Great Bodies are Engineered not Born
  • #139,739
  • Jun 24, 2009 6:22am Jun 24, 2009 6:22am
Quoting MoeFx
all signs point to a 200+ pip drop.

they do ? do not see it yet
Blogging daily now at www.volume.zone
  • #139,740
  • Jun 24, 2009 6:24am Jun 24, 2009 6:24am
Quoting Ferick
Pulled the triger at 1.6585. SL 1.6610, Target to be determined.

Moved stop loss to break even- too risky.
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