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Cable Update (GBPUSD)

  • #144,281
  • Jul 8, 2009 1:29pm Jul 8, 2009 1:29pm
Quoting taragula
Where did you put your stops and targets?

My Stop: 6024 ... but does not mean that the trend of decline has been broken.

Tp: 5950
  • #144,282
  • Jul 8, 2009 1:33pm Jul 8, 2009 1:33pm
Quoting malcolmb14
lucky line traidng .

I am still holding my swing short off 159 ... talking about lucky. did not even stop at 150 that is where i was going to close. Think i will wait for 140 and lower now
yea my earlier short from 159.77 got stopped out 3 days back if i'm not mistaken. Had to re enter short at 154 and added along the way.
Lol I know what you mean about not stopping at where you intended it.
I mentioned my target & asked your take earlier, guess you missed it :
http://www.forexfactory.com/showpost...stcount=143952

Some luck ey

p/s : oh that 140 sounds yummy .. mmmmm
Thank You
  • #144,283
  • Jul 8, 2009 1:34pm Jul 8, 2009 1:34pm
Remove/resize the chart please...
Great Bodies are Engineered not Born
  • #144,284
  • Jul 8, 2009 1:37pm Jul 8, 2009 1:37pm
Quoting wormboy
yea my earlier short from 159.77 got stopped out 3 days back if i'm not mistaken. Had to re enter short at 154 and added along the way.
Lol I know what you mean about not stopping at where you intended it.
I mentioned my target & asked your take earlier, guess you missed it :
http://www.forexfactory.com/showpost...stcount=143952

Some luck ey

p/s : oh that 140 sounds yummy .. mmmmm

my takeo n that price action thru 150 was that is hopped thru it like a jack rabbit on steriods . That was classic mark down . This is done as pros are expecting lower prices and they do not want profit taking where you think it should be , otherwise they will be selling into the buying

I am currently still selling all rallies intraday ( scalping ) and with that mark down am expecting 145 and maybe 140 . i mean gu has yet to test 5800. It is trying but not there yet , but by Friday it should be there
Blogging daily now at www.volume.zone
  • #144,285
  • Jul 8, 2009 1:38pm Jul 8, 2009 1:38pm
What can we expect before NY closes?
Great Bodies are Engineered not Born
  • #144,286
  • Jul 8, 2009 1:41pm Jul 8, 2009 1:41pm
Quoting malcolmb14
vsa a thing of beauty another 100 pip on gj

this is the kind of day that is one know what they are doing can make 30 % on account with almost no draw down and never more than 2.5% risk per trade

Attachment
Malcolmb, what indicator is this? Do you have an indi? Thanks in advance.
  • #144,287
  • Jul 8, 2009 1:45pm Jul 8, 2009 1:45pm
Quoting malcolmb14

I am currently still selling all rallies intraday ( scalping ) and with that mark down am expecting 145 and maybe 140 . i mean gu has yet to test 5800. It is trying but not there yet , but by Friday it should be there
Nice.
I have dragon pulling back tops 149.75 level before diving again since daily ltl had been fully breached. what's your take?
And 5800 GU? I was barking out 5900 all day, now you're gonna break them bulls's hearts lol.
Thank You
  • #144,288
  • Jul 8, 2009 1:49pm Jul 8, 2009 1:49pm
Quoting PipGal
Malcolmb, what indicator is this? Do you have an indi? Thanks in advance.
no indie ... it is just volume bars colour coded to show up bars on no volume . The better volume indicator as they call is available in vsa thread I am member of .

I use esignal so mine will be of no use
Blogging daily now at www.volume.zone
  • #144,289
  • Jul 8, 2009 1:50pm Jul 8, 2009 1:50pm
Quoting wormboy
Nice.
I have dragon pulling back tops 149.75 level before diving again since daily ltl had been fully breached. what's your take?
And 5800 GU? I was barking out 5900 all day, now you're gonna break them bulls's hearts lol.

been barking out 5800 for a week now and when it breaks that will be barking out 1.5. I did mention 1500 to 2000 pip drop. I am not a swing trader and will only take the very safest set ups. When i was scanning longer term charts of indexs , oil , dollar index , fax , dxd , gbp and jpy futures last week wednesday my eyes just about popped out of my head . I went short heavy on everything iin all kinds of accounts , including long on the bear etfs in my rrsp ( 401 k ) , so far FAZ is up just 30 % in 5 days
Blogging daily now at www.volume.zone
  • #144,290
  • Jul 8, 2009 1:51pm Jul 8, 2009 1:51pm
Quoting malcolmb14
no indie ... it is just volume bars colour coded to show up bars on no volume . The better volume indicator as they call is available in vsa thread I am member of .

I use esignal so mine will be of no use
Gotta look into that. TY!
  • #144,291
  • Jul 8, 2009 1:52pm Jul 8, 2009 1:52pm
May get another sell shot at 6100 before london session .. ill post my idea tonight at 00:00 GMT .. lasts nights plan got you guys short between 6120/40, under the daily pivot

Here is one of my charts view.. my daily with moving averages.

1.60 psych level and daily 55 sma .. close below both will be maintain bearish.

also check this for a big picture setup in gu and cad .. see you tonight

http://www.forexfactory.com/showpost...67&postcount=7
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 40 KB
  • #144,292
  • Jul 8, 2009 1:56pm Jul 8, 2009 1:56pm
someone was asking about s/r lines earlier in week

I use zigzg lines ... attached and then on a 4 hour plot lines at each pivot high and low .. simple as that

look at where price stopped bang on

asl ong as we stay under 150 zone i am bearish for another test of 146.70 , liekly in asia . This breaks 143.70

i have also attached better volume indictor ... go to vsa thread for pdf on how to use it

Attached File(s)
File Type: mq4 BetterVolume 1.2.mq4   5 KB | 321 downloads


Attached File(s)
File Type: mq4 ZigZag.mq4   6 KB | 272 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 21 KB
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  • #144,293
  • Jul 8, 2009 1:59pm Jul 8, 2009 1:59pm
gu 4 hour s/r lines

If gu is very bearish when it hits 1.5730 line it may well slice right thru much as gj did today at 150 .


Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 21 KB
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  • #144,294
  • Jul 8, 2009 1:59pm Jul 8, 2009 1:59pm
Quoting malcolmb14
been barking out 5800 for a week now and when it breaks that will be barking out 1.5. I did mention 1500 to 2000 pip drop.
1.5?
ha! been barking out 5300 for a month now.
This was the first: http://www.forexfactory.com/showpost...stcount=135210

Finally someone with balls to call out 5000!
Thank You
  • #144,295
  • Jul 8, 2009 2:06pm Jul 8, 2009 2:06pm
see ya jack have a good one.

malcolmb cheers for the chat mate.

Time to sleep, Good luck everyone
Thank You
  • #144,296
  • Jul 8, 2009 2:06pm Jul 8, 2009 2:06pm
The possibility for an extend fall is likely ... look at the dailies
  • #144,297
  • Jul 8, 2009 2:08pm Jul 8, 2009 2:08pm
Is 6044 a good place to look for short?
  • #144,298
  • Jul 8, 2009 2:13pm Jul 8, 2009 2:13pm
s and p futures

if this moves 50 points down forget gj 140 .. think gj 135

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  • #144,299
  • Jul 8, 2009 2:14pm Jul 8, 2009 2:14pm
Jack ,do you like 6044 and 6060 for possible short entries?
  • #144,300
  • Jul 8, 2009 2:15pm Jul 8, 2009 2:15pm
Quoting alex1976
Is 6044 a good place to look for short?
maybe a little higher

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