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Cable Update (GBPUSD)

  • #144,321
  • Jul 8, 2009 3:39pm Jul 8, 2009 3:39pm
Quoting Andre88
My last Stop was reached...

I'll smoke marijuana, and win @ asia sessions ( I HOPE ) hahahaha!!!!
i like it!
  • #144,322
  • Jul 8, 2009 3:39pm Jul 8, 2009 3:39pm
Interesting having such a push at that time of the day usely by 3pm it is almost done for the day, could this mean to many want to be part of the nex rally to the top side ??? time will tell...
  • #144,323
  • Jul 8, 2009 3:43pm Jul 8, 2009 3:43pm
Quote
Interesting having such a push at that time of the day usely by 3pm it is almost done for the day, could this mean to many want to be part of the nex rally to the top side ??? time will tell...

Or they're trying to shake-out the shorts?!
Only time will tell
  • #144,324
  • Jul 8, 2009 3:48pm Jul 8, 2009 3:48pm
Quoting Lejumeau
Interesting having such a push at that time of the day usely by 3pm it is almost done for the day, could this mean to many want to be part of the nex rally to the top side ??? time will tell...
the push up is to short the crap out of it higher . They do these moves in low volume to manipulate price

look at chart ... no one really buying , short gj 149 , adding every 25 pip to 150 ,
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  • #144,325
  • Jul 8, 2009 3:50pm Jul 8, 2009 3:50pm
every time the price pullback into the white long Guppy mma it reverse back to is trend direction, we migth be close for a end of this pullback and retest the hig... will see..
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 29 KB
  • #144,326
  • Jul 8, 2009 3:50pm Jul 8, 2009 3:50pm
Quoting malcolmb14
the push up is to short the crap out of it higher . They do these moves in low volume to manipulate price

look at chart ... no one really buying , short gj 149 , adding every 25 pip to 150 ,
bearish volume divergence

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #144,327
  • Jul 8, 2009 3:53pm Jul 8, 2009 3:53pm
Quoting malcolmb14
the push up is to short the crap out of it higher . They do these moves in low volume to manipulate price

look at chart ... no one really buying , short gj 149 , adding every 25 pip to 150 ,
if GU is not able to make one final push up in 8 minutes, i will start selling
  • #144,328
  • Jul 8, 2009 3:54pm Jul 8, 2009 3:54pm
Quoting forexlion
if GU is not able to make one final push up in 8 minutes, i will start selling

i would wait another 2 hour . I have seen many games played before 4 pm my time (1 hour before Tokyo stock market open)
Blogging daily now at www.volume.zone
  • #144,329
  • Jul 8, 2009 3:56pm Jul 8, 2009 3:56pm
Quoting malcolmb14
i would wait another 2 hour . I have seen many games played before 4 pm my time (1 hour before Tokyo stock market open)
my ideal short entry is 1.6101 if it gets there else .....
  • #144,330
  • Jul 8, 2009 3:58pm Jul 8, 2009 3:58pm
Quoting nAVIN2007
i like it!
WE LIKE IT!
It's time now! See u later!!!!
  • #144,331
  • Jul 8, 2009 4:11pm Jul 8, 2009 4:11pm
Quoting forexlion
my ideal short entry is 1.6101 if it gets there else .....
okie dokie me shorting from here, cya in hell folks
  • #144,332
  • Jul 8, 2009 4:17pm Jul 8, 2009 4:17pm
I have just been filled: SHORT 6065, SL 6145, TP1 5985. Trade Target 5865 Size - 5 lots

Rationale: Every evaluation I have done shows significant bias to the downside based upon price. As such, I am looking for rallies and levels to short. I make 6066 (dark blue line on chart) region previous support that should act as resistance. If the Asian boys make Cable drive through this level and through 6115 then I may reconsider, but for now, I am looking to see if 6066 resistance will do its job.
Attached Image (click to enlarge)
Click to Enlarge Name: cable chart 2.gif Size: 22 KB
  • #144,333
  • Jul 8, 2009 4:24pm Jul 8, 2009 4:24pm
Quote
my ideal short entry is 1.6101 if it gets there else

That's what I just posted as my ideal entry too!
We'll see if she creeps up... I'm considering shorting at 6085 instead.
THOUGHTS?!?
  • #144,334
  • Jul 8, 2009 4:25pm Jul 8, 2009 4:25pm
Quote
bearish volume divergence

malcolmb14, still a rookie at Volume.... what does this signify?
  • #144,335
  • Jul 8, 2009 4:41pm Jul 8, 2009 4:41pm
Quoting woodlybog
malcolmb14, still a rookie at Volume.... what does this signify?
it is not possible to compile all the volume on forex the only volume you get is the one from your broker or few of them togeter, since it can not give you the real picture I dont see myself rely on this indicator, on stok market it is another story.
  • #144,336
  • Jul 8, 2009 4:51pm Jul 8, 2009 4:51pm
Quote
it is not possible to compile all the volume on forex the only volume you get is the one from your broker or few of them togeter, since it can not give you the real picture I dont see myself rely on this indicator, on stok market it is another story

Interesting... what do you have to say about that, Mal??
  • #144,337
  • Jul 8, 2009 4:54pm Jul 8, 2009 4:54pm
Quoting woodlybog
malcolmb14, still a rookie at Volume.... what does this signify?
means no one but Mickey Mouse buying right now
silly trader`s term for B.S. manipulated rally that is later sold into
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #144,338
  • Jul 8, 2009 5:00pm Jul 8, 2009 5:00pm
Quoting woodlybog
Interesting... what do you have to say about that, Mal??
I am not Mal, but if you use Esignal you get data from I believe 300 exchanges...not just a few. My 2 pips...
  • #144,339
  • Jul 8, 2009 5:00pm Jul 8, 2009 5:00pm
Quoting woodlybog
malcolmb14, still a rookie at Volume.... what does this signify?

markets can fall on low volume but the up moves rarely are sustained with lower volume on each candle . It means that the buyers are losing more and more interest the higher it goes. Alomost like a divergence you might see in an indicator
Blogging daily now at www.volume.zone
  • #144,340
  • Jul 8, 2009 5:06pm Jul 8, 2009 5:06pm
Quoting Lejumeau
it is not possible to compile all the volume on forex the only volume you get is the one from your broker or few of them togeter, since it can not give you the real picture I dont see myself rely on this indicator, on stok market it is another story.

err .. well ALL of my trading is based on volume spread analysis. Esignal is 300 feeds. So even though I have this arguement over and over again volume works for me and the 60 or so other traders in the VSA irc chat. Seem some have been trading only a few month but are having week after week of profitable trades now.

think the down move was coincidence ?

this 1 hour (highlighted ) shows an up candle on high volume , with no result = reversal after effort to rise. If the high volume was buyers why did it not go higher ? well that is easy cause it was sellers. The fact that this happened at resistance was an even more secure trade.

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