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Cable Update (GBPUSD)

  • #143,761
  • Jul 7, 2009 3:45pm Jul 7, 2009 3:45pm
Quoting mavrate
[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot-2.jpg[/IMG]My point of view is that the price will go up because of divergence on M30.

Do you agree with me?
Price would have to get above 6270 to confirm that and really 6300 to give it a shot. Divergence ALWAYS needs confirmation. This sucker is so close to breaking through the previous low that I would need a very good reason to buy. Just my 2 cents.
There's always money in the banana stand.
  • #143,762
  • Jul 7, 2009 3:45pm Jul 7, 2009 3:45pm
Quoting wormboy
lol I told you we'll see yesterday's low don. I hope you didn't take the blue pill
hey wormboy,

may i know wat's ya call on the next trade?
  • #143,763
  • Jul 7, 2009 3:52pm Jul 7, 2009 3:52pm
Malcomb, based on the day candle closing below the range, are we now looking for a short for next uk session?
  • #143,764
  • Jul 7, 2009 3:53pm Jul 7, 2009 3:53pm
Quoting kuky969
Malcolmb please what do you think about bar after upthrust??. I am confused from it. I expected down bar or some form of no demand,,but this is doji on same volume as upthrust. It seems me that effort(upthrust) has no result. This was reason why I didnt take this trade .

remember one thing VSA is all bout the background. Today was a selling day all day . The up move into that 888 level there was no volume so we should have been looking for selles all the way up on the move.

hope this explains it.

once you get a doji at previous resistance (888.5) then unless the next bar negates this by closding higher than the high of the doji this ia sure sell trigger when vsa says selling in the background

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Blogging daily now at www.volume.zone
  • #143,765
  • Jul 7, 2009 4:01pm Jul 7, 2009 4:01pm
Quoting malcolmb14
lol ... listen just cause you keep trying to go long GU no need to slag me off

actually hit it with 4 contracts 69 ... got a touch of draw down but not much

lol.... you not been reading my posts. I do not post if i have no clue what is going on. Do you really think i am the kind of trader that throws money away ?

also look at

told the guys over at vsa forum oil short at 71 when it was 71

http://www.forexfactory.com/showthre...95#post2843695
then look at

Attachment

Hey there Mal,
I guess there always has to be one. I guess you have 2 friends now.
Good call on the oil, I listened to you, looked at it for myself & agreed. Thanks for the heads up!
And, thank you for VSA.

BTW, I have been just laying low over at that other place, learning more every day.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #143,766
  • Jul 7, 2009 4:03pm Jul 7, 2009 4:03pm
Quoting leimonx
hey wormboy,

may i know wat's ya call on the next trade?
Hi. No next trade. Same call since early June - 5300!
Sorry, had to get that out lol. We're actually at the same level yesterday :
http://www.forexfactory.com/attachme...8&d=1246890391

But with the ltl being challenged again, a break below would likely send us to 5900 level.

Anyway, trade wisely buddy, don't be a hero & stay with the trend.
Good luck
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Thank You
  • #143,767
  • Jul 7, 2009 4:12pm Jul 7, 2009 4:12pm
Quoting malcolmb14
remember one thing VSA is all bout the background. Today was a selling day all day . The up move into that 888 level there was no volume so we should have been looking for selles all the way up on the move.

hope this explains it.

once you get a doji at previous resistance (888.5) then unless the next bar negates this by closding higher than the high of the doji this ia sure sell trigger when vsa says selling in the background

Attachment
YES NICE EXPLANATION , THANK You I was really annoyed from this bar . Move up before upthrust has nice signs of weakness and I was convinced that easy money will come to my pocket
  • #143,768
  • Jul 7, 2009 4:15pm Jul 7, 2009 4:15pm
It looks like we are going to close the day below 1.62. I'm targeting 1.59 on the break below 1.62
  • #143,769
  • Jul 7, 2009 4:25pm Jul 7, 2009 4:25pm
Quoting wormboy
Hi. No next trade. Same call since early June - 5300!
Sorry, had to get that out lol. We're actually at the same level yesterday :
http://www.forexfactory.com/attachme...8&d=1246890391

But with the ltl being challenged again, a break below would likely send us to 5900 level.

Anyway, trade wisely buddy, don't be a hero & stay with the trend.
Good luck
that was perhaps one of the more polite replies i received

thank you wb
  • #143,770
  • Jul 7, 2009 4:35pm Jul 7, 2009 4:35pm
Quoting Bull_Bear
Ok Lets move this lovely girl back to break even @ 1.6250. Hopefully she will behave and hang below 1.6220.
Morning guys,

Lovely how she respected the 1.6200/20 level this time round.

1.6050 is first TP.... 2nd TP....1.5930
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,771
  • Jul 7, 2009 4:40pm Jul 7, 2009 4:40pm
Quoting leimonx
that was perhaps one of the more polite replies i received

thank you wb
cheers mate
Thank You
  • #143,772
  • Jul 7, 2009 4:40pm Jul 7, 2009 4:40pm
Jack, are we now in a downtrend considering the daily closed below the range.

Also what levels do you like for a short?
  • #143,773
  • Jul 7, 2009 4:40pm Jul 7, 2009 4:40pm
Quoting Bull_Bear
Morning guys,

Lovely how she respected the 1.6200/20 level this time round.

1.6050 is first TP.... 2nd TP....1.5930
BB! Oh I like your 2nd tp bro
Thank You
  • #143,774
  • Jul 7, 2009 4:43pm Jul 7, 2009 4:43pm
Quoting wormboy
BB! Oh I like your 2nd tp bro
Yup First TP is for mine first trade, 2nd TP was for my 2nd trade @ 1.6190 same as yesterdays loss, all good now bro.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,775
  • Jul 7, 2009 4:53pm Jul 7, 2009 4:53pm
Quoting Bull_Bear
Yup First TP is for mine first trade, 2nd TP was for my 2nd trade @ 1.6190 same as yesterdays loss, all good now bro.
Nice job bro. Just don't go cheap once we close below 5900 tho, we'll pull to 5300 in a hurry
Thank You
  • #143,776
  • Jul 7, 2009 4:56pm Jul 7, 2009 4:56pm
Quoting wormboy
Nice job bro. Just don't go cheap once we close below 5900 tho, we'll pull to 5300 in a hurry
I'm the Bull_Bear playing the field.... eventually I'll see you there

Catch you guys in the London Session

Gotta run
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #143,777
  • Jul 7, 2009 5:02pm Jul 7, 2009 5:02pm
Quoting alex1976
Jack, are we now in a downtrend considering the daily closed below the range.

Also what levels do you like for a short?
The daily close as of 5pm did .. i dont use that close .. i take the 8pm (00 GMT close)

but ya as i said a re-test of that range last night got some people short below 6300 and malcolmb confirmed with volume

my play tonight once i know the pivots will be to line a pivot up with hopefully a fib and resistance to take a short in anticipation of the breakout..

but ya man, just zoom out on the hourly and even the 4 hr .. downtrendddd

wormboy is going to keep saying 5300 till hes blue in the face, and i dont blame him!! we'll get there eventually
  • #143,778
  • Jul 7, 2009 5:05pm Jul 7, 2009 5:05pm
Jack, are you by any chance a student of Peter Bain?
  • #143,779
  • Jul 7, 2009 5:07pm Jul 7, 2009 5:07pm
man i need sleep...no way im gonna nab nothin till frankfurt and london...
With Great Money Management Comes Great Success PATIENCE
  • #143,780
  • Jul 7, 2009 5:10pm Jul 7, 2009 5:10pm
Quoting wormboy
Nice job bro. Just don't go cheap once we close below 5900 tho, we'll pull to 5300 in a hurry
Yes bring on 1.53. Been waiting .

Good night, I'm going to dream about 1.53 and then 1.44 by end of the year.
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