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Cable Update (GBPUSD)

  • #145,681
  • Jul 13, 2009 10:25am Jul 13, 2009 10:25am
Quoting alexandru987
I have it just so i can see what`s happening, i don`t rely on it that much...

You are right you don`t get readings from all the brokers... i guess you could open 2-3 MT4 demo at different brokers;....... it`s the same as volume for me, i don`t trade based on it, but it helps confirm the signals i get from my system or intuition.

Malcom is using esignal, charts, volume, etc based on 300 feeds.... Hope this helps.
Better safe than sorry
  • #145,682
  • Jul 13, 2009 10:28am Jul 13, 2009 10:28am
Quoting wormboy
Hi 4cfx. As I mentioned earlier to a friend, anything below 6165 I personally regard as valid selling, so 6160 sounds about right methinks. However should price close above 6165 I will hesitate selling. Close above 6220 level & long is favoured, even tho I would probably sit that long out IF it gets there.
I think 5900 is still on the cards.

Good luck buddy
Thanks wormboy. I will hold until 6380 above which my count will be invalidated. Yes I see 59. I also see 53 and 44 before the end of the year. May be a bit ambitious?
  • #145,683
  • Jul 13, 2009 10:30am Jul 13, 2009 10:30am
Quoting ganymedes
Short @ 1.6098, SL 1.6136.
He-he, that didn't work well. Surely the most retarded trade of the month
Wall Street seems a bit fishy today. Yes, Meredith Whitney upgraded Goldman, so what??
  • #145,684
  • Jul 13, 2009 10:32am Jul 13, 2009 10:32am
Quoting dobbie11
I have been trading for 4 years and the less u have to look at the better off u r. What if they conflict. do u take the trade. PA is the way to go. with maybe one or 2 indicators of ur choice. Use S&R Levels and Fibs. But it all comes down to what u feel works for u.
That`s the thing, they usually don`t conflict

Look at the price now... went up as i expected it to go...

I did a little experiment one week ago, i had some scraps left on my credit card(the one i use for forex) so i placed the money on fxclub.

47$. Then i traded that micro account using my instinct and what indicators showed me what i wanted to see....

I atached the report balance... the account now has 555 $, i used imran`s system and volume indicators ... that`s why i think fondly of the volume you get even if it is from one broker and so on....

EDIT: To the guys learning.... DON`T trade like this! I basically had no money management.... (unless you call 30% risk money management)
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  • #145,685
  • Jul 13, 2009 10:38am Jul 13, 2009 10:38am
Closed longs for +218pips...Over and Out! Thanks for the focus talk again Bull_Bear!!!

Happy Trading All!
Hero Traders Live to see their Accounts Die!
  • #145,686
  • Jul 13, 2009 10:41am Jul 13, 2009 10:41am
Closed my long at 1.6167. Got my measley 20 pips so I am out for a while. Good luck to you all guys!
  • #145,687
  • Jul 13, 2009 10:45am Jul 13, 2009 10:45am
I have to agree with Mr. Bull Bear....as usual...my chart says LONG
  • #145,688
  • Jul 13, 2009 10:55am Jul 13, 2009 10:55am
off topic ..

lets see market ripping UP based on Goldman sachs senior analyst upgrading their own stock . LOL ... ROFL ..

The biggest manipulators are throwing out news to send their stock up ...this confirms my suspicions market tankage round the corner.

SUCKERS GET PULLED IN ....
Blogging daily now at www.volume.zone
  • #145,689
  • Jul 13, 2009 11:00am Jul 13, 2009 11:00am
Quoting malcolmb14
off topic ..

lets see market ripping UP based on Goldman sachs senior analyst upgrading their own stock . LOL ... ROFL ..

The biggest manipulators are throwing out news to send their stock up ...this confirms my suspicions market tankage round the corner.

SUCKERS GET PULLED IN ....
ROFL? They are so big to manipulate the market?
Great Bodies are Engineered not Born
  • #145,690
  • Jul 13, 2009 11:04am Jul 13, 2009 11:04am
Do you guys trade of the 1hr TF, im currently trading off the 15min TF and its been profitable but it keeps you on the edge of your seat even with my money managment in check.

If anyone trades the 1hr could you please tel me the benifits and is it rated over the 15min.
  • #145,691
  • Jul 13, 2009 11:05am Jul 13, 2009 11:05am
I`m short @ 6182... hopefully between now and asia we will go lower... and the 5 min chart looks like it`s about to drop at least a little... fingers crossed.
  • #145,692
  • Jul 13, 2009 11:07am Jul 13, 2009 11:07am
Quoting RichLadyFX
ROFL? They are so big to manipulate the market?

yes did you know goldman trade 35% of shares on s&p ? A friend told me this yesterday I was amazed and did some reasearch and sure enough it is true.

did you also know that these 33% are their own accounts and hidden from the public eyes ... the pros have some way of doing these transactions without the data showing up on any feeds.

Did you not see the recent news about how one of their ex computer geeks / traders stole their software and with it he could manipulate the markets ?

lol .. while the retail sector / client accounts are going up on one hand they are likely shorting in their ' hidden ' accounts.

News like the stuff they threw out today is only for one reason .. for them to make money /.. so what do we know about pros ? we know they like to sell into strength ...lol

sounds skeptical I know .. but this , sadly , is how the market works
Blogging daily now at www.volume.zone
  • #145,693
  • Jul 13, 2009 11:18am Jul 13, 2009 11:18am
Quoting malcolmb14
yes did you know goldman trade 35% of shares on s&p ? A friend told me this yesterday I was amazed and did some reasearch and sure enough it is true.

did you also know that these 33% are their own accounts and hidden from the public eyes ... the pros have some way of doing these transactions without the data showing up...
The next sell off will be bigger with them having no control over it?
Great Bodies are Engineered not Born
  • #145,694
  • Jul 13, 2009 11:20am Jul 13, 2009 11:20am
Quoting RichLadyFX
The next sell off will be bigger with them having no control over it?




how high can result GBP / USD?
  • #145,695
  • Jul 13, 2009 11:21am Jul 13, 2009 11:21am
FLY BABY FLY
  • #145,696
  • Jul 13, 2009 11:24am Jul 13, 2009 11:24am
Quoting matjaz1982
how high can result GBP / USD?
No one know for sure. Any suggestion welcomed.
Great Bodies are Engineered not Born
  • #145,697
  • Jul 13, 2009 11:29am Jul 13, 2009 11:29am
Quoting RichLadyFX
The next sell off will be bigger with them having no control over it?
err no ... they WANT sell off in markets. I bet they are loadsing up on shorts.

There has already been weakness on weekly charts Goldman sachs and daily. I am looking for test 150 on low volume. I will buy Nov 125 puts , they are out of the money right now and if GS hits 150 will be about $2 to buy (1000 units will be 2k). If GS drops to 100 then 2k investment will be about 10k . Nice way to play the short side of the market in a retirement fund ( in canada they have ones that allow options)
Blogging daily now at www.volume.zone
  • #145,698
  • Jul 13, 2009 11:32am Jul 13, 2009 11:32am
Quoting Faryad
FLY BABY FLY

while no pro .. up move on bearishg vol div 15 min and then higher volume 15 min on a doji suggest some weakness coming in

been a lovely market on ES today. Got out to early on my long been overall been fantastic day for day trading gj and eS . GU was a bit choppy there for a while but worked its way out when ES moved up

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Blogging daily now at www.volume.zone
  • #145,699
  • Jul 13, 2009 11:33am Jul 13, 2009 11:33am
I closed my short on +5... let`s see what happens...

I`m prepared to short this again in Asia... but right now i`m not sure where the price will go... so i`m staying out.

5 min shows like it might drop more but i`m not risking it right now.
  • #145,700
  • Jul 13, 2009 11:36am Jul 13, 2009 11:36am
Quoting malcolmb14
err no ... they WANT sell off in markets. I bet they are loadsing up on shorts.

There has already been weakness on weekly charts Goldman sachs and daily. I am looking for test 150 on low volume. I will buy Nov puts for 100
IC. Pushing the price up for massive short? Sorry malcomb, trying to understand things.
Great Bodies are Engineered not Born
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