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Cable Update (GBPUSD)

  • #143,781
  • Jul 7, 2009 5:10pm Jul 7, 2009 5:10pm
face blue .. pocket filled green.
all about the benjamins jack
Thank You
  • #143,782
  • Jul 7, 2009 5:11pm Jul 7, 2009 5:11pm
damn.... i made a mistake long back... I knew this was gonna happen... I had a 20 x standard lot net position at 1.6388, but unfortunately, out of fear set stop losses overnight. And as i anticipated (in dream) that i`ll be stopped out and then price will reverse, there it went... I wonder how much floating profit would it have yielded...
  • #143,783
  • Jul 7, 2009 5:13pm Jul 7, 2009 5:13pm
So here she comes...appraoching 6110 support again....bounce or smash straight through?
  • #143,784
  • Jul 7, 2009 5:44pm Jul 7, 2009 5:44pm
Quoting Vanhook2
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.
what oil trade. I only just called and and have trying to go long since 71 ...lol

great that you took trade .. i am thinking 50 test in the long run (4 to 6 weeks)
Blogging daily now at www.volume.zone
  • #143,785
  • Jul 7, 2009 5:46pm Jul 7, 2009 5:46pm
Still bearish on GBP/USD as well as the JPY pairs. Looking for a nice entry to SHORT this beast again today.1.6171 area looks good if it'll retrace there. That is the 38.2 level on thid current run down. Good luck to all!
Show me the PIPS!
  • #143,786
  • Jul 7, 2009 5:57pm Jul 7, 2009 5:57pm
Quoting Zuke
So here she comes...appraoching 6110 support again....bounce or smash straight through?
Broke through 6113 Murray Math Line with is the strong support line. First Stop 6050....if the hourly closes below 6113
  • #143,787
  • Jul 7, 2009 5:58pm Jul 7, 2009 5:58pm
Quoting Zuke
Broke through 6113 Murray Math Line with is the strong support line. First Stop 6050....if the hourly closes below 6113
6113 is 0/8 line could break thru to -1/8 or even -2/8
Blogging daily now at www.volume.zone
  • #143,788
  • Jul 7, 2009 5:59pm Jul 7, 2009 5:59pm
im short now at 1.6115 looking for 1.58 by the close of this week also i have pending order at 1.6215 in the case of a retract which may or may not happen. either way gbpusd is looking bearish to me
  • #143,789
  • Jul 7, 2009 6:04pm Jul 7, 2009 6:04pm
Quoting malcolmb14
6113 is 0/8 line could break thru to -1/8 or even -2/8
Agreed....but If it did meaningfully break 6100, I dont think -1/8 (6083 on my charts) could stop it running down to 6050
  • #143,790
  • Jul 7, 2009 6:05pm Jul 7, 2009 6:05pm
Quoting malcolmb14
6113 is 0/8 line could break thru to -1/8 or even -2/8
Does anyone know how exactly the murrey math lines are calculated and do they change/repaint? And s there an indicator that adjusts each day so if i go back to yesterday I can see yesterdays values instead of todays?...this way I can see how relevant the lines were in the past too.

Thanks
  • #143,791
  • Jul 7, 2009 6:09pm Jul 7, 2009 6:09pm
Quoting bobbybrown
Does anyone know how exactly the murrey math lines are calculated and do they change/repaint? And s there an indicator that adjusts each day so if i go back to yesterday I can see yesterdays values instead of todays?...this way I can see how relevant the lines were in the past too.

Thanks

I tested for a bit myself like a 1000nd other things, can't remember the details but I'm not using it which is likely all you need to know!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,792
  • Jul 7, 2009 6:10pm Jul 7, 2009 6:10pm
Quoting Turveyd
I tested for a bit myself like a 1000nd other things, can't remember the details but I'm not using it which is likely all you need to know!!
Sounds like you're not a fan
  • #143,793
  • Jul 7, 2009 6:11pm Jul 7, 2009 6:11pm
Quoting tjhimself
im short now at 1.6115 looking for 1.58 by the close of this week also i have pending order at 1.6215 in the case of a retract which may or may not happen. either way gbpusd is looking bearish to me
Like you I am bearish and holding a short fro 6154. HOWEVER, Im just wondering why you decided to short at major support (6110-6113 area) and just minutes before the Nationwide news?
  • #143,794
  • Jul 7, 2009 6:12pm Jul 7, 2009 6:12pm
looking at 5min chartswith the murrey lines..the lines do seem to be at key areas though so I will investigate more
  • #143,795
  • Jul 7, 2009 6:15pm Jul 7, 2009 6:15pm
Quoting bobbybrown
Sounds like you're not a fan

Not a fan of any indicators, spent years researching and trying 100's of them, only 1's I see any relevance in are SMA's and Envelopes, MACD's are allowed as they are just SMA difference based.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,796
  • Jul 7, 2009 6:17pm Jul 7, 2009 6:17pm
Quoting Zuke
Like you I am bearish and holding a short fro 6154. HOWEVER, Im just wondering why you decided to short at major support (6110-6113 area) and just minutes before the Nationwide news?
for fun lol. really i opened a smaller position at that level then would be at 1.6215 if it hits. i plan to hold this trade for a few day maybe
  • #143,797
  • Jul 7, 2009 6:18pm Jul 7, 2009 6:18pm
Pls, what is an envelope?
  • #143,798
  • Jul 7, 2009 6:18pm Jul 7, 2009 6:18pm
The 00's and 50's areas work well to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,799
  • Jul 7, 2009 6:19pm Jul 7, 2009 6:19pm
Quoting bobbybrown
Does anyone know how exactly the murrey math lines are calculated and do they change/repaint? And s there an indicator that adjusts each day so if i go back to yesterday I can see yesterdays values instead of todays?...this way I can see how relevant the lines were in the past too.

Thanks
murrey lines are based on fractals

so whenever fractals change the murrey lines change
  • #143,800
  • Jul 7, 2009 6:20pm Jul 7, 2009 6:20pm
Quoting bobbybrown
Does anyone know how exactly the murrey math lines are calculated and do they change/repaint? And s there an indicator that adjusts each day so if i go back to yesterday I can see yesterdays values instead of todays?...this way I can see how relevant the lines were in the past too.

Thanks

they are based on gann squares . There is no way to go back in time(unless you drew lines at the mml levels). On the higher time frame (like hourly) they are up for 64 hours in the same frame

here is 60 min gj
152.35 / 151.56 are my targets for asia as long as 153 holds


I do have some documentation on mml pm me

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