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Cable Update (GBPUSD)

  • #157,001
  • Aug 11, 2009 6:02pm Aug 11, 2009 6:02pm
I use volume histogram , so was bored and started looking at the cumulative volume histogram . I came up with this for the 20 day one

the pink line that we are on right now is called the point of control . This is the line that the most activity has occurred in the last 20 days . The point where the max transfers sellers to buyers has occurred.

with price hovering either side of this I would not be trading long or short until the channel 1.6500 to 1.6450 has broken either way

Attached Image (click to enlarge)
Click to Enlarge Name: chart229.png Size: 174 KB
Blogging daily now at www.volume.zone
  • #157,002
  • Aug 11, 2009 6:29pm Aug 11, 2009 6:29pm
my trade levels

http://forexforums.dailyfx.com/attac...1&d=1250033016

____

support resistance

.
  • #157,003
  • Aug 11, 2009 7:32pm Aug 11, 2009 7:32pm
I have a stop at 572, maybe I should raise it?
  • #157,004
  • Aug 11, 2009 8:02pm Aug 11, 2009 8:02pm
I hope the market goes bulls!
  • #157,005
  • Aug 11, 2009 8:11pm Aug 11, 2009 8:11pm
i hope the bear's take the bull by the hornes short term 6470
  • #157,006
  • Aug 11, 2009 8:22pm Aug 11, 2009 8:22pm
i am getting a bit dizzy
  • #157,007
  • Aug 11, 2009 9:03pm Aug 11, 2009 9:03pm
Quoting alex1976
I have a stop at 572, maybe I should raise it?
Round the news it can lash like an alligator with a cattle prod up its botty

it takes out s/l's and t/p's alike

In the out of hours time it can similarly lash around and that's why i don't leave sizeable trades on out of hours or over the weekend

I would only do that with a small position aimed at 2 months horizon and i don't have one right now

tomorrow will be a non event in reality but that doesn't stop it whizzing up and own like a bride's nighty
  • #157,008
  • Aug 11, 2009 9:13pm Aug 11, 2009 9:13pm
i hope it go down to 1.6000
  • #157,009
  • Aug 11, 2009 9:22pm Aug 11, 2009 9:22pm
Quoting youratthesun
i hope it go down to 1.6000
it will and lower......just a matter of time
Blogging daily now at www.volume.zone
  • #157,010
  • Aug 11, 2009 9:24pm Aug 11, 2009 9:24pm
i hope it go down to 1.6000
  • #157,011
  • Aug 11, 2009 9:26pm Aug 11, 2009 9:26pm
Quoting malcolmb14
it will and lower......just a matter of time
August 21st...ish.....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,012
  • Aug 11, 2009 9:29pm Aug 11, 2009 9:29pm
how long befor it get's their 1600
  • #157,013
  • Aug 11, 2009 9:30pm Aug 11, 2009 9:30pm
Bearish to 1.600 is far man...! Way to far...!
  • #157,014
  • Aug 11, 2009 9:30pm Aug 11, 2009 9:30pm
Quoting trabagwe
how long befor it get's their 1600
No one can answer this I believe. But if u talk about Cable, expect the un-expected. It could reach there even by tomorrow
  • #157,015
  • Aug 11, 2009 9:31pm Aug 11, 2009 9:31pm
Quoting Magix
August 21st...ish.....


day before my Birthday...... nice present
Blogging daily now at www.volume.zone
  • #157,016
  • Aug 11, 2009 9:32pm Aug 11, 2009 9:32pm
Quoting gambit1977
I hope the market goes bulls!
Same here, i hope so too.
  • #157,017
  • Aug 11, 2009 9:33pm Aug 11, 2009 9:33pm
Quoting mktjong
No one can answer this I believe. But if u talk about Cable, expect the un-expected. It could reach there even by tomorrow
yeah and it could reach 1,7000

I was thinking test of 1.6600 before drop that has what has got me puzzled....

even if they leave usd interest rates stable usd may get weaker for a day or so , BUT overall global markets look set for drop . The drop in us equities will make usd stronger
Blogging daily now at www.volume.zone
  • #157,018
  • Aug 11, 2009 9:34pm Aug 11, 2009 9:34pm
Quoting malcolmb14
day before my Birthday...... nice present

Have too, yer b-day is on Saturday...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,019
  • Aug 11, 2009 9:37pm Aug 11, 2009 9:37pm
i hope it go down to 1.6000
  • #157,020
  • Aug 11, 2009 9:43pm Aug 11, 2009 9:43pm
Quoting youratthesun
i hope it go down to 1.6000
Doesn't matter to me either way, 1.6000 or 1.7000, as long as I can catch the pips on the way up or down...
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