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Cable Update (GBPUSD)

  • #158,421
  • Aug 17, 2009 11:31am Aug 17, 2009 11:31am
Quoting Ifty
Nobody can be 100% sure obviously but the 1H parabolic sar has just been broken through. I see upside as well but how much up, who knows. As long you protect your trade with a SL then at least you know your profit/loss.

cheers Ifty,

should be ok.. as you said, as long as i have the sl, but i think it should be long ...
= Sweet To The Beat =
  • #158,422
  • Aug 17, 2009 11:36am Aug 17, 2009 11:36am
a doji is formed at the 30min chart..watch out
  • #158,423
  • Aug 17, 2009 11:37am Aug 17, 2009 11:37am
Quoting malcolmb14
watch gj 154.50 for sell .... seems sellers there , 2x high vol dojis 5 min

grashid .. hope you got this sell I gave you and that it helped regain some of the 1500 you lost earlier ....

seems like sellers off 154.20 again ... maybe ranging 154.20 to 153.40 ...
Blogging daily now at www.volume.zone
  • #158,424
  • Aug 17, 2009 11:50am Aug 17, 2009 11:50am
Quoting malcolmb14
grashid .. hope you got this sell I gave you and that it helped regain some of the 1500 you lost earlier ....

seems like sellers off 154.20 again ... maybe ranging 154.20 to 153.40 ...
154.20 153.40 was the last move. 154.20 become resistance after being support level. 153.40 is the thrid support of pivot point of the day. Risk violent move upside to go to second support level Pivot point 154.67.

Allsirene is the best to give better information since excelent coordinator with S&P.
If you resist at heart attack, you will be rich from trading.
  • #158,425
  • Aug 17, 2009 11:52am Aug 17, 2009 11:52am
there no easy money in this business, most of you will be broke by tommorow
  • #158,426
  • Aug 17, 2009 11:59am Aug 17, 2009 11:59am
Quoting traderfx
there no easy money in this business, most of you will be broke by tommorow
Who said Forex is easy?
If you resist at heart attack, you will be rich from trading.
  • #158,427
  • Aug 17, 2009 12:06pm Aug 17, 2009 12:06pm
Quoting traderfx
there no easy money in this business, most of you will be broke by tommorow
Don't worry we all know our MM. I might be new but most of the guys on this forum have been trading for years and been successful at it. Beginners like me are also doing well due to their great advice and support. IN FUTURE KEEP YOUR CRAP OPINIONS TO YOURSELF.
You've got to be IN IT to WIN IT!
  • #158,428
  • Aug 17, 2009 12:23pm Aug 17, 2009 12:23pm
Quoting Ilovefx
154.20 153.40 was the last move. 154.20 become resistance after being support level. 153.40 is the thrid support of pivot point of the day. Risk violent move upside to go to second support level Pivot point 154.67.

Allsirene is the best to give better information since excelent coordinator with S&P.
yes i have DOW screen running all the time

my s/ls on shares have saved me a bloody fortune recently

The UK miners like RIO and BBl look cheap with the mkt fall compounding the cable fall

I like to invest in UK shares as it shelters my USD - so if I ever need to run for england if the US health insurance companies tell me to go die in the gutter - I can fly away and get fixed up for free

DOW is 9154 down 162 - its been off 200 but I am buying gently and will do down to 8700 if needed

cable long is in the money but I dont trust it and may trail my s/l up there
  • #158,429
  • Aug 17, 2009 12:26pm Aug 17, 2009 12:26pm
Quoting Ilovefx
154.20 153.40 was the last move. 154.20 become resistance after being support level. 153.40 is the thrid support of pivot point of the day. Risk violent move upside to go to second support level Pivot point 154.67.

Allsirene is the best to give better information since excelent coordinator with S&P.

I am day trader , GJ and ES are my tools. ES is s&p eminis....

Es has a spark of buying interest 977 , but being that we have remained under the low of Friday all day it is sell rallies ONLY day today. Those taking longs in gu , gj and indexes today are trying to catch a falling knife .. dangerous stuff ..

here is GU with fridays ohlc on it , why go long when price is dropping away from Fridays low ?

even if price moves up 100 pips I would rather miss the move and wait for longso n a day when price is moving away form the low of the prior day

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Blogging daily now at www.volume.zone
  • #158,430
  • Aug 17, 2009 12:33pm Aug 17, 2009 12:33pm
Quoting malcolmb14
I am day trader , GJ and ES are my tools. ES is s&p eminis....

Es has a spark of buying interest 977 , but being that we have remained under the low of Friday all day it is sell rallies ONLY day today. Those taking longs in gu , gj and indexes today are trying to catch a falling knife .. dangerous stuff ..

here is GU with fridays ohlc on it , why go long when price is dropping away from Fridays low ?

even if price moves up 100 pips I would rather miss the move and wait for longso n a day when price is moving away form the low of the prior...
Looks like we have seen the low of today
  • #158,431
  • Aug 17, 2009 12:38pm Aug 17, 2009 12:38pm
very easy for newbies to chase this market - reversing positions etc

I am scalping and i know it - it's all I can do when I am not sure where we are going

Dow could be 8300 or 10,000 by next month

cable could be 1.75 or 1.50

I dont care - I am riding em both with s/l's in place always
  • #158,432
  • Aug 17, 2009 12:39pm Aug 17, 2009 12:39pm
I'm still short, but not really happy for the down move. I was expected close will be on S3 pivot point., but it comes at the half way between S2 and S3 and wanna sleep there !!
If you resist at heart attack, you will be rich from trading.
  • #158,433
  • Aug 17, 2009 12:41pm Aug 17, 2009 12:41pm
Quoting allserene
very easy for newbies to chase this market - reversing positions etc

I am scalping and i know it - it's all I can do when I am not sure where we are going

Dow could be 8300 or 10,000 by next month

cable could be 1.75 or 1.50

I dont care - I am riding em both with s/l's in place always

each day is different (that is why I love day trading go with flow ).. one could be buy and one sell . last post i noted how I use ohlc of prior day , but I actually use the value area (as I am a volume trader)of prior day to see if bull / bear or range day.
Blogging daily now at www.volume.zone
  • #158,434
  • Aug 17, 2009 12:48pm Aug 17, 2009 12:48pm
Quoting malcolmb14
each day is different (that is why I love day trading go with flow ).. one could be buy and one sell . last post i noted how I use ohlc of prior day , but I actually use the value area (as I am a volume trader)of prior day to see if bull / bear or range day.
Hi Malcolmb14 - I have read so many of your posts and consider you amongst a select group of well respected people. I am new, so no track record to share.

Would you kindly share your view on bull/bear/range assessment on a regular basis.

Thank you.
PS
I am not a clown but trying to see if I can make a few pennies for the family.
Cheers
None the wiser!
  • #158,435
  • Aug 17, 2009 12:52pm Aug 17, 2009 12:52pm
Quoting malcolmb14
each day is different (that is why I love day trading go with flow ).. one could be buy and one sell . last post i noted how I use ohlc of prior day , but I actually use the value area (as I am a volume trader)of prior day to see if bull / bear or range day.
Yes that's a good idea - I like to play a theme on certain things which have proved profitable

Of course all of them are just playing the % and anything can happen at any time

cable looks ready to do something - possibly just go sit at 1.63 or zoom up some

Its got itchy feet

I am long with a v tight s/l - it's still not whacked
  • #158,436
  • Aug 17, 2009 12:53pm Aug 17, 2009 12:53pm
Big news tomorrow !!
If you resist at heart attack, you will be rich from trading.
  • #158,437
  • Aug 17, 2009 12:59pm Aug 17, 2009 12:59pm
Quoting Ilovefx
Big news tomorrow !!
wots that by the way
Enter Signature
  • #158,438
  • Aug 17, 2009 1:01pm Aug 17, 2009 1:01pm
Quoting malcolmb14
each day is different (that is why I love day trading go with flow ).. one could be buy and one sell . last post i noted how I use ohlc of prior day , but I actually use the value area (as I am a volume trader)of prior day to see if bull / bear or range day.
I feel the same way. Day trading fits where I am right now. Maybe someday when my pockets are deep enough intraday would make sense. I figure someone trading 30 lots at 100 to 1 leverage from March until now would be pretty happy with the run the GU just had.

I have to cover off as I go which makes it a bit more intensive.

I'm happy to hear things worked out for you this month.
  • #158,439
  • Aug 17, 2009 1:03pm Aug 17, 2009 1:03pm
Quoting basitata
wots that by the way
http://www.forexfactory.com/calendar.php
If you resist at heart attack, you will be rich from trading.
  • #158,440
  • Aug 17, 2009 1:08pm Aug 17, 2009 1:08pm
Which tool do you use for scalp?
If you resist at heart attack, you will be rich from trading.
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