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Cable Update (GBPUSD)

  • #140,981
  • Jun 29, 2009 7:13pm Jun 29, 2009 7:13pm
Mornin' from Japan guys,

Does anybody else think cable's gonna go through 1.6617 and possibly up to 1.71/72 area? That's what I'm looking at right now.
  • #140,982
  • Jun 29, 2009 7:14pm Jun 29, 2009 7:14pm
Quoting alex1976
Is the shooting star on 1hr bear or just bullshit?
Bear trap
http://savecapitalism.files.wordpres...bear-trap1.jpg
  • #140,983
  • Jun 29, 2009 7:16pm Jun 29, 2009 7:16pm
Quoting ganymedes
Bear trap
http://savecapitalism.files.wordpres...bear-trap1.jpg
Yep, price just blasted through the previous bar's high
skype: ststroud. let's talk trading.
  • #140,984
  • Jun 29, 2009 7:22pm Jun 29, 2009 7:22pm
Quoting mjay
Do you still advise we go long @ 6600? many people thot its a sell area. What do u think?
I like to buy on re-tests of breakouts , but only if the test is on low volume.
Blogging daily now at www.volume.zone
  • #140,985
  • Jun 29, 2009 7:22pm Jun 29, 2009 7:22pm
Quoting tyler812
Yep, price just blasted through the previous bar's high
Took BE on an earlier short thank goodness .. Another short filled 6610
  • #140,986
  • Jun 29, 2009 7:23pm Jun 29, 2009 7:23pm
so u never answered me, where do u get ur volume data from, is it MT4 borker supplied volume?

Quoting malcolmb14
I like to buy on re-tests of breakouts , but only


if the test is on low volume.
Its all in the mind.
  • #140,987
  • Jun 29, 2009 7:33pm Jun 29, 2009 7:33pm
Quoting pino2
I had a long trade and I set the target @ 1.6600 for GU and prices here reached 1.6601 and FXCM didn't close the trade

I used FXCM as well, but bid prices reached 6610 and stayed above (6600) for a good 5 min. No reason that order should have not been executed.
  • #140,988
  • Jun 29, 2009 7:33pm Jun 29, 2009 7:33pm
Quoting malcolmb14
I like to buy on re-tests of breakouts , but only if the test is on low volume.
Good advice, quite risky to go long while it's trying to break out/up.

If you expect an upside range breakout, the least risky place to enter is actually at the bottom half of the range, following respect of support.
  • #140,989
  • Jun 29, 2009 7:35pm Jun 29, 2009 7:35pm
Quoting 5abi
so u never answered me, where do u get ur volume data from, is it MT4 borker supplied volume?
esignal 300 gtis feed ... 300 sources.
Blogging daily now at www.volume.zone
  • #140,990
  • Jun 29, 2009 7:37pm Jun 29, 2009 7:37pm
Quoting Ferick
I used FXCM as well, but bid prices reached 6610 and stayed above (6600) for a good 5 min. No reason that order should have not been executed.
Ya on mine 66138 was the high.. FXCM is good. I put in a request to withdraw on Saturday and got my monies today. They've been amazing so far.
  • #140,991
  • Jun 29, 2009 7:38pm Jun 29, 2009 7:38pm
cool. Could you tell me the name of the product? I tried esignals website but they have a myriad of products.

Also, so this gets updated in real time? Thank you!

Quoting malcolmb14
esignal 300 gtis feed ... 300 sources.
Its all in the mind.
  • #140,992
  • Jun 29, 2009 7:39pm Jun 29, 2009 7:39pm
Quoting ganymedes
Good advice, quite risky to go long while it's trying to break out/up.

If you expect an upside range breakout, the least risky place to enter is actually at the bottom half of the range, following respect of support.


yes and no ..here is a perfect set up ..gj

I use volume to trade. If i do not see sellers on test of breakout level perfect place to go long

just saw another test of 56.4 and buyers still there

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg17.png Size: 196 KB
Blogging daily now at www.volume.zone
  • #140,993
  • Jun 29, 2009 7:40pm Jun 29, 2009 7:40pm
Quoting 5abi
cool. Could you tell me the name of the product? I tried esignals website but they have a myriad of products.

Also, so this gets updated in real time? Thank you!
esignal pro $175 per month with forex feed
Blogging daily now at www.volume.zone
  • #140,994
  • Jun 29, 2009 7:40pm Jun 29, 2009 7:40pm
Quoting Ferick
I used FXCM as well, but bid prices reached 6610 and stayed above (6600) for a good 5 min. No reason that order should have not been executed.
If your 1.6600 order hasn't executed by now, change broker!

However, wonky quoting is not uncommon, adding a couple of pips (in addition to half of the spread) in safety margin might help.
  • #140,995
  • Jun 29, 2009 7:43pm Jun 29, 2009 7:43pm
thnx appreciate it

Quoting malcolmb14
esignal pro $175 per month with forex feed
Its all in the mind.
  • #140,996
  • Jun 29, 2009 8:02pm Jun 29, 2009 8:02pm
Go baby go!

6640/60 is next up
  • #140,997
  • Jun 29, 2009 8:04pm Jun 29, 2009 8:04pm
After getting stopped out at BE on several shorts I took during the past 24 hours, I am now switching gears. Looks too good to pass it out, even though we are close to the range. malcolmb14, can you share what you seeing volume wise at these levels?
  • #140,998
  • Jun 29, 2009 8:09pm Jun 29, 2009 8:09pm
Quoting malcolmb14
yes and no ..here is a perfect set up ..gj

I use volume to trade. If i do not see sellers on test of breakout level perfect place to go long

just saw another test of 56.4 and buyers still there

Attachment

here is another classic example of break out and test strategy gave 30 pip and climbing

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg20.png Size: 175 KB
Blogging daily now at www.volume.zone
  • #140,999
  • Jun 29, 2009 8:10pm Jun 29, 2009 8:10pm
The 1.6660 level is the critical breakout level imo having longer term implications.
  • #141,000
  • Jun 29, 2009 8:10pm Jun 29, 2009 8:10pm
Quoting Ferick
After getting stopped out at BE on several shorts I took during the past 24 hours, I am now switching gears. Looks too good to pass it out, even though we are close to the range. malcolmb14, can you share what you seeing volume wise at these levels?

buyers on dips still .... has been all day. I have been expecting this. However do not like it being in asia. Would rather have seen this kind of move in London , so am wary of it , but enjoying
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