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Cable Update (GBPUSD)

  • #143,561
  • Jul 7, 2009 8:21am Jul 7, 2009 8:21am
Quoting jack.canadia
dont keep thinking long .. i may just stay away ... i dont function in these types of markets .. i need solid support or resistance to trade ... popping off positions in the middle of chop = losses and drawdown

took 30 so far today so im going to wait for a bit
ok Jack, shall take your advice!
Hero Traders Live to see their Accounts Die!
  • #143,562
  • Jul 7, 2009 8:21am Jul 7, 2009 8:21am
Quoting wormboy
hahahaha i don't care if it's my fault, I hate ranges!
anyway, looks like we diving now. get your goggles ready bro
For scalping maybe.....

I've seen it here before this morning. The way this puppy's been running, I'm starting to think either a solid below 6100 for south or solid above 6300 for north......

EDIT: Oh yeah, I'm finding EU more predicatble today. Holding a 3 lot short from 4020, locked in at +10 and trailing 35
Ghost Rider - WWTBMD?
  • #143,563
  • Jul 7, 2009 8:22am Jul 7, 2009 8:22am
Second failure at the 1.6260 TL. A retest of the 1.6100 level seems on the cards. EU got also rejected at 1.4050.
I shorted a break of 1.6235; GL all
Better safe than sorry
  • #143,564
  • Jul 7, 2009 8:22am Jul 7, 2009 8:22am
Ok Lets move this lovely girl back to break even @ 1.6250. Hopefully she will behave and hang below 1.6220.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,565
  • Jul 7, 2009 8:24am Jul 7, 2009 8:24am
I'am short at 1.6222, let's see where it will go. I expect to 1.6124 then 1.6087 maybe ...
  • #143,566
  • Jul 7, 2009 8:26am Jul 7, 2009 8:26am
Quoting Bull_Bear
Ok Lets move this lovely girl back to break even @ 1.6250. Hopefully she will behave and hang below 1.6220.

Brov your entry is perfect and that is where I got in as well...nice 50 pips...The figure 256 is vwap as well...So..There was no doubt about the short hence I said I will not go long till this figure has been broken..

Well done mate
Let Price determine your future!
  • #143,567
  • Jul 7, 2009 8:28am Jul 7, 2009 8:28am
Quoting Geppyg
Brov your entry is perfect and that is where I got in as well...nice 50 pips...The figure 256 is vwap as well...So..There was no doubt about the short hence I said I will not go long till this figure has been broken..

Well done mate
Hi Geppyg

Just wondering what does vwap mean?

Thanks
  • #143,568
  • Jul 7, 2009 8:31am Jul 7, 2009 8:31am
Quoting bobbybrown
Hi Geppyg

Just wondering what does vwap mean?

Thanks
Volume Weighted Average Price......
Matey
Let Price determine your future!
  • #143,569
  • Jul 7, 2009 8:32am Jul 7, 2009 8:32am
Quoting Geppyg
Volume Weighted Average Price......
Matey
No idea what that means but thanks for that lol
  • #143,570
  • Jul 7, 2009 8:36am Jul 7, 2009 8:36am
Quoting Geppyg
Brov your entry is perfect and that is where I got in as well...nice 50 pips...The figure 256 is vwap as well...So..There was no doubt about the short hence I said I will not go long till this figure has been broken..

Well done mate

Lets ride this girl all the way first mate. Not over till we hit home run mate, first base and second base is a teaser. Gotta take her all the way
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,571
  • Jul 7, 2009 8:37am Jul 7, 2009 8:37am
TP set for 5800 area....waiting in anticipation....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu-daily.jpg Size: 89 KB
Click to Enlarge Name: gu-4hr.jpg Size: 82 KB
  • #143,572
  • Jul 7, 2009 8:41am Jul 7, 2009 8:41am
Quoting Razor_trader
WOW.

First off lets hope your joking around here. SeriouslY???

In the case that your not, I seriously hope you have now placed a SL

If not then I hope your ready to close out for a loss.

SUB 6100 is quite possible today. A new LL would need a good break of 6100 but after that there is no reason for the next support to be 6000 just on Pysch basis along.

If none of the above makes sense, and you did just go long for your reasoning then whoever gave you your vouch needs to take it back ASAP because that is a real pathetic reason to execute...

I read that I was like WHAT IS THAT GUY THINKING !!!

I have been selling rallies and will continue to do so until i see buyers coming in on a 4 hour chart
Blogging daily now at www.volume.zone
  • #143,573
  • Jul 7, 2009 8:45am Jul 7, 2009 8:45am
Thanks for the break of support at 1.6261.. nice sell scalping
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #143,574
  • Jul 7, 2009 8:46am Jul 7, 2009 8:46am
Quoting malcolmb14
I read that I was like WHAT IS THAT GUY THINKING !!!

I have been selling rallies and will continue to do so until i see buyers coming in on a 4 hour chart
There's a lot of how you going'n traders around here if you know wot i mean.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,575
  • Jul 7, 2009 8:50am Jul 7, 2009 8:50am
Quoting KillPhil08
Yeah well my feed is 2min delayed. So although it did go down at the time, my reply might have been late for anyone to get in. It's good for the newswire and generally during speeches etc. For example you occasionally get a headsup about what soros is doing or what big banks are doing (which so far has been 100% right - ie. soros buying below 1.40 and deutch bank buying 1.54 or something like that).

total scalpers territory, only using 10pip stops and aiming for 10-15. (fyi most of these lines where from sunday/monday lol, still valid!)
this one made me laugh use 10 pip stop for 10 pip profit . as soon as you enter you are -3pip so really a 7 pip move against you you are out. Look like a great way to lose money. I am good but not that good.
Blogging daily now at www.volume.zone
  • #143,576
  • Jul 7, 2009 8:53am Jul 7, 2009 8:53am
Here would be great to go long.
  • #143,577
  • Jul 7, 2009 8:55am Jul 7, 2009 8:55am
Quoting Ipips
Here would be great to go long.
If you want to continue carry'n that money bag, I'd stay short.

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,578
  • Jul 7, 2009 8:58am Jul 7, 2009 8:58am
15 min has been in range .... ranging once spotted can make pips like crazy

here is my 15 min

potential buyers on high vol down bar into bottom of range , moved stop down in case we get reversal

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg102.png Size: 175 KB
Blogging daily now at www.volume.zone
  • #143,579
  • Jul 7, 2009 8:58am Jul 7, 2009 8:58am
Quoting Bull_Bear
If you want to continue carry'n that money bag, I'd stay short.

Good Luck
Thanks. I'll be taking your money bag.
  • #143,580
  • Jul 7, 2009 8:58am Jul 7, 2009 8:58am
Quoting malcolmb14
15 min has been in range .... ranging once spotted can make pips like crazy

here is my 15 min

potential buyers on high vol down bar into bottom of range , moved stop down in case we get reversal

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.png Size: 206 KB
Blogging daily now at www.volume.zone
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