Still short .. 6211,6230,6285
Cable Update (GBPUSD)
- #143,262
- Jul 6, 2009 6:35pm Jul 6, 2009 6:35pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
Still short .. 6211,6230,6285
- #143,264
- Jul 6, 2009 6:39pm Jul 6, 2009 6:39pm
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
- #143,265
- Jul 6, 2009 6:41pm Jul 6, 2009 6:41pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hello - is anyone out there!
ER Pls: I'm sitting in the middle of a retrace from 6110. What's your take pls. I'm -100 pips already and the PA looks to be going to 6250.
Do I cut my losses or hold on and wait for a return to the downtrend?
the major support 6250 was broken and we moved down . We have to come back to this to test it to test supply, which we did . NOte the volume on the 60 min . It was declining on way up . This does not seem like pros buying. All down moves will have rallies mixed in
GU target for week for me is 1.5800. i am also scalping along the way.
If and only if price closes above 1.6400 in a London or normal volume (today was light due to holiday weekend in US and although markets open volumes were lighter than normal)
Blogging daily now at www.volume.zone
- #143,267
- Jul 6, 2009 6:44pm Jul 6, 2009 6:44pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #143,268
- Jul 6, 2009 6:48pm Jul 6, 2009 6:48pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
hello everybody, can anybody teach me how to find h4 support n resistance, daily resistance???
no right or wrong way.... zoom out on 4 hour then plot lines at pivot highs and lows .... this charts will show you what I mean.
Do not think of s/r as exact lines , ie 153.20 line on chart , think of them as zones , ie 153.40 to 153.
Blogging daily now at www.volume.zone
- #143,269
- Jul 6, 2009 6:51pm Jul 6, 2009 6:51pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
listen ... all others slagging you off is no help. We all make mistakes .. shit happens. I still sometimes make them , but cut my losses right away
the major support 6250 was broken and we moved down . We have to come back to this to test it to test supply, which we did . NOte the volume on the 60 min . It was declining on way up . This does not seem like pros buying. All down moves will have rallies mixed in
GU target for week for me is 1.5800. i am also scalping along the way.
If and only if price closes above 1.6400 in a London or normal...
Being Careful is key, which basically is cutting your losses early or bailing and accepting a small profit.
Some nice easy to predict moves tonight, wasn't paying attention if I was I've of went long on straight above my M1 540sma on strength!!
Uptrend expect more upside tommorow I guess.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #143,270
- Jul 6, 2009 6:52pm Jul 6, 2009 6:52pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
You pretty much said it Turvy!
Standard procudure around here makes the person saying it seem to themselves clever.
Being Careful is key, which basically is cutting your losses early or bailing and accepting a small profit.
Some nice easy to predict moves tonight, wasn't paying attention if I was I've of went long on straight above my M1 540sma on strength!!
Uptrend expect more upside tommorow I guess.
Its all in the mind.
- #143,272
- Jul 6, 2009 7:03pm Jul 6, 2009 7:03pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #143,273
- Jul 6, 2009 7:04pm Jul 6, 2009 7:04pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Would you wait for it to drop to 6238 or did you say 6338 
Buy at 6238, daily pivot, if 6300 holds for now.
Its all in the mind.
- #143,274
- Jul 6, 2009 7:05pm Jul 6, 2009 7:05pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #143,276
- Jul 6, 2009 7:06pm Jul 6, 2009 7:06pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Dont take this as criticism ,,,just a question..look at the half of the move up, very high volume pumped it up, then the volume fell coz it was close to NY close. The rest of the up move was just momentum that came from the volume beofre it, Just my humble opnion.
high volume up bars are sellers and the market does not like them (and it was not a very high volume bar in fact not barely average).... that is the way VSA works. The fact that the high volume up bar then was followed by a no demand bar into previous resistance is a sign of of weakness. Pros may be using low volume day to test the supply and may well use this oppertunity to short higher up.
I will only become bullish on GU 4hour if we get a 4 hour close above 6400 in London session
we did end the day on a doji on the s&p , but with today being the day after the long weekend in the US I typically am wary of any set ups that may seem like market reversals.
Blogging daily now at www.volume.zone
- #143,278
- Jul 6, 2009 7:09pm Jul 6, 2009 7:09pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #143,279
- Jul 6, 2009 7:10pm Jul 6, 2009 7:10pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
nooooo.....
lol
Yep posting it on here always seems to be the jinx
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #143,280
- Jul 6, 2009 7:11pm Jul 6, 2009 7:11pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
or sample what most are doing here, if they are long go short and vice versa??
Yep posting it on here always seems to be the jinx
Its all in the mind.