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Cable Update (GBPUSD)

  • #156,761
  • Aug 10, 2009 4:02pm Aug 10, 2009 4:02pm
Quoting ubaidahsan
hahah i can see your hungry panda but i have closed my shorts too early i think i have to renter now so can you suggest me from where can go short in GU and GJ?any idea..

Ub

gj 160.25 /161 thjose are 2 areas to look for sells.

GU i think 1.6500
Blogging daily now at www.volume.zone
  • #156,762
  • Aug 10, 2009 4:17pm Aug 10, 2009 4:17pm
Quoting malcolmb14
gj 160.25 /161 thjose are 2 areas to look for sells.

GU i think 1.6500
You are truly exceptional, Malcolmb! How did you come into trading if I may ask?
As for myself, I love new experiences. One of my friends is an accountant, and I choose that path, am about to finish my qualification. Another one is a trader, so I am into trading now ;-) Early steps yet though...
  • #156,763
  • Aug 10, 2009 4:32pm Aug 10, 2009 4:32pm
Quoting neptun84
You are truly exceptional, Malcolmb! How did you come into trading if I may ask?
As for myself, I love new experiences. One of my friends is an accountant, and I choose that path, am about to finish my qualification. Another one is a trader, so I am into trading now ;-) Early steps yet though...
not exceptional . I mess up all the time , I just got one right for a change this week.

I am en engineer by profession. I got into trading about 7 years ago when a mutual fund that I was invested in swindled all the funds and i was left with nothing.

I decided never again , so embarked on my journey into trading to learn how to do the investing thing on my own . I must admit the first few years were rough on me, over invested in stocks , chasing , buying tops the list goes on.

It was not until I came to the FX world about 3 years ago that things started going better for me , focus on one or 2 pairs , be patient and learn a great trading system. I started with open range breakouts

example below for today...for more on open range techniques for stocks go to www.marketgauge.com and down load free ebook traidng the 10 o'clock bulls

now i use vsa and volume histogram / high volume pivot zones and s/r lines for trade entries and exits.

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Blogging daily now at www.volume.zone
  • #156,764
  • Aug 10, 2009 4:53pm Aug 10, 2009 4:53pm
We end this session rigth on the the monthly Pivot 6480 zone wich is also a previous major resistance level, so we should see somme support on this price zone and a bounce up.
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  • #156,765
  • Aug 10, 2009 4:53pm Aug 10, 2009 4:53pm
Morning Guys,

Well Done to Wormie, DT and Malc .

I underestimated the strength of this ranging BEAR and jump off earlier by sticking to my BEER plan, maybe I was still tipsy when putting the plan together.

Took a small loss after a big gain no dramas though.

http://www.forexfactory.com/showpost...stcount=156611

I am now taking her long @ 1.6470 SL.... 1.6410.... TP 1.6550.... Than continue the short train.

See you guys at the london session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,766
  • Aug 10, 2009 5:05pm Aug 10, 2009 5:05pm
Quoting Bull_Bear
Morning Guys,

Well Done to Wormie, DT and Malc .

I underestimated the strength of this ranging BEAR and jump off earlier by sticking to my BEER plan, maybe I was still tipsy when putting the plan together.

Took a small loss after a big gain no dramas though.

http://www.forexfactory.com/showpost...stcount=156611

I am now taking her long @ 1.6470 SL.... 1.6410.... TP 1.6550.... Than continue the short train.

See you guys at the london session

gold

low volume mark down .. then huge accumualtion all day.. chart 1

ES (s&p)

selling off 1007 this morning , then another mark up at close. (rapid with no news under low vol). The daily friday no deman , today a doji of sorts on high vol . weakness I think ...chart 2

DJ

No demand Friday and low volume today. The market cannot be sustained on low volume..chart 3

gj

if market comes off as I think it might we may see retrace to 50% of up move 155 ish ...chart 4

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Blogging daily now at www.volume.zone
  • #156,767
  • Aug 10, 2009 7:29pm Aug 10, 2009 7:29pm
540, then 570 is strong resistance.
  • #156,768
  • Aug 10, 2009 7:31pm Aug 10, 2009 7:31pm
He, bounced right off of the 38.2 fib at 1.6431 on my feed (fib is from the grand fall 2.13xx-1.33xx).
I missed it, of course
Oh well, at least my fibs are getting better
Cable is my sugardaddy
  • #156,769
  • Aug 10, 2009 8:21pm Aug 10, 2009 8:21pm
159.50 GY and 1.6430..oh boy misses another 150+pips each as out early..nevermine...am looking back to short GU ~ 1.6590/60-1.6650 area...mmm....GY ~ 161.30/50 area....see in London
  • #156,770
  • Aug 10, 2009 9:19pm Aug 10, 2009 9:19pm
thanks a lot bro Grashid..

that post nearest my long TP..yehaaaaaaa
  • #156,771
  • Aug 10, 2009 10:14pm Aug 10, 2009 10:14pm
so quiet in here...
where are the bulls and bears... :nerd:
  • #156,772
  • Aug 10, 2009 10:26pm Aug 10, 2009 10:26pm
Quoting Jimz
so quiet in here...
where are the bulls and bears... :nerd:
Bulls here long at 1.6468 SL at 1.64
  • #156,773
  • Aug 10, 2009 11:03pm Aug 10, 2009 11:03pm
morning fellas.

we still selling. Earlier chart : http://www.forexfactory.com/showpost...stcount=156716

Chart below illustrates that current upmove is nothing more than consolidation, some might see this as another "flag"
There's a possibility of a test @6350 major ltl level before any significant bounce. Anyway, good luck
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Thank You
  • #156,774
  • Aug 10, 2009 11:47pm Aug 10, 2009 11:47pm
To those who don't understand jackshit on fundamentals, here's a good article to help you understand better :
http://www.forexfactory.com/showpost...postcount=2284



Okay have a good one. Be back london session.
Thank You
  • #156,775
  • Aug 10, 2009 11:51pm Aug 10, 2009 11:51pm
Quoting malcolmb14
gj 160.25 /161 thjose are 2 areas to look for sells.

GU i think 1.6500
very sorry I lied to all of you .... it was 160.22....
and1.6525....

hope some got the gj trade ...another beauty
Blogging daily now at www.volume.zone
  • #156,776
  • Aug 11, 2009 12:01am Aug 11, 2009 12:01am
Hi

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  • #156,777
  • Aug 11, 2009 12:35am Aug 11, 2009 12:35am
Quoting malcolmb14
very sorry I lied to all of you .... it was 160.22....
and1.6525....

hope some got the gj trade ...another beauty
So no retrace to 1.66 during London before heading back down?
On a journey to consistency.
  • #156,778
  • Aug 11, 2009 12:47am Aug 11, 2009 12:47am
Hello I find you online, do you have knowledge about EA programming.?

Quoting forexlion

Do No Trade What You Want It To Do




Trade What You See It Doing


Never Live for Future or Past


Live for Present


NOW

  • #156,779
  • Aug 11, 2009 12:49am Aug 11, 2009 12:49am
Quoting Tataocb
So no retrace to 1.66 during London before heading back down?
As a guess, I would say a possible retrace to 1.6617ish, and make a decision from there...break of 1.6521 key.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #156,780
  • Aug 11, 2009 12:50am Aug 11, 2009 12:50am
Quoting Tataocb
So no retrace to 1.66 during London before heading back down?

not sure ..... seems that gu is being allowed to fall under low volume . There really is no pros activity in the market as todays volumes were very light.

we should re test 1.6600 at some point .. should being the operative word
Blogging daily now at www.volume.zone
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