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Cable Update (GBPUSD)

  • #159,741
  • Aug 20, 2009 4:52pm Aug 20, 2009 4:52pm
Quoting nAVIN2007
its been happening to me all week...got +100 pips twice yesterday and today on dragon and yet im still in the trade minus..no idea if it will range or trend..go figure
just grab the 100 pips next time you see them bro before they slip away again...talk about slippery :-)
Hear the music before the song is over ...
  • #159,742
  • Edited 5:17pm Aug 20, 2009 5:06pm | Edited 5:17pm
Quoting I like steak
that bear must be white bro....

glad you are here...ok misunderstood then ..yeah looks good for a fall...

another question please: what do you make of the volume we have now and how will the pick up in volume affect price action once the europeans come back from summer holiday?
sorry for late reply buddy...there was a bugger zeke I had to crush.....
that's a lazy bear right there...funny seal like some buggers we have right here on FF....

anyway

weekly and monthly volume quite high maybe as high as we've seen even in recent history i.e. compared to the previous decade so it should subside, otherwise look for increased volatility...
Hear the music before the song is over ...
  • #159,743
  • Aug 20, 2009 5:13pm Aug 20, 2009 5:13pm
is it just me or everyone sees that volume has been awfully low this week?
Its all in the mind.
  • #159,744
  • Aug 20, 2009 5:26pm Aug 20, 2009 5:26pm
Quoting 5abi
is it just me or everyone sees that volume has been awfully low this week?

Thats why we are getting stupidly fast moves up and down, 2 weeks to go till the summer low volume is over and things become more normal, ie average movement all the time, rather than flat lining then 100pip move.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #159,745
  • Aug 20, 2009 5:30pm Aug 20, 2009 5:30pm
yeah but last week was better, this week has been totally dead , just played 20-30 pip games all this week.

Quoting Turveyd
Thats why we are getting stupidly fast moves up and down, 2 weeks to go till the summer low volume is over and things become more normal, ie average movement all the time, rather than flat lining then 100pip move.
Its all in the mind.
  • #159,746
  • Aug 20, 2009 5:35pm Aug 20, 2009 5:35pm
Quoting 5abi
is it just me or everyone sees that volume has been awfully low this week?
Hi 5abi,

I do not know how to gauge volume in FX trading, with shares it is easy.
I have attached a chart with an indicater on that purports to indicate buyer seller ratio and volume, is it worth giving the time of day to?
I paid for it but got no real instructions.
For what it is worth I will give it away free if anyone wants it, but back to the question what is a good volume indicater, and please comment on this one attached.

Happy trading and many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 21 KB
  • #159,747
  • Aug 20, 2009 5:59pm Aug 20, 2009 5:59pm
Thanks QP. I am not sure what calculations goes on behind this indicator, because volume itself cannot tell who is selling and who is buying.

I am momentum trader, so I like lot of liquidity when I push a trade in. See the attached H4 chart, just see how light is the volume this week compared to last week.

The chart is from ibfx, I have heard they have interbank volume so a very good representative sample of what is going on overall.



Quoting qp2
Hi 5abi,

I do not know how to gauge volume in FX trading, with shares it is easy.
I have attached a chart with an indicater on that purports to indicate buyer seller ratio and volume, is it worth giving the time of day to?
I paid for it but got no real instructions.
For what it is worth I will give it away free if anyone wants it, but back to the question what is a good volume indicater, and please comment on this one attached.

Happy trading and many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 27 KB
Its all in the mind.
  • #159,748
  • Aug 20, 2009 6:16pm Aug 20, 2009 6:16pm
Quoting 5abi
yeah but last week was better, this week has been totally dead , just played 20-30 pip games all this week.

You serious this week for GU :-

Monday up 200+ pips, Tuesday down near 200pips then up near 200pips, today was abit flatter with a 150pip down move.


But the issue I have is, I'm stalking a trade and 10seconds later after a brief hesitiation it's already up 30pips, thats what the low volume is creating.

Nearly back to normal
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #159,749
  • Aug 20, 2009 6:23pm Aug 20, 2009 6:23pm
Quoting qp2
Hi 5abi,

I do not know how to gauge volume in FX trading, with shares it is easy.
I have attached a chart with an indicater on that purports to indicate buyer seller ratio and volume, is it worth giving the time of day to?
I paid for it but got no real instructions.
For what it is worth I will give it away free if anyone wants it, but back to the question what is a good volume indicater, and please comment on this one attached.

Happy trading and many thanks.

Hy

This volume indicator looks very interesting.I am using IBFX to.
What i see from the graphics of this indicator is this,you se big green histogram bars folovd by some smal red ones(then some small green ones) this coud indicat me that some of traders closed there long posisions enterd erlier.Then folovd by long red histogram bars will indicate to me that most treders that enterd longs on those green histograms bars are exiting ther trades and trend is about to change.
Can you mail me this indicator I wuld realy like to test it it looks reali interesting.
My mail is:
[email protected]

Thnx
Robert
  • #159,750
  • Aug 20, 2009 6:27pm Aug 20, 2009 6:27pm
yes but am curious volume is abnormally low, see the chart

Quoting Turveyd
You serious this week for GU :-

Monday up 200+ pips, Tuesday down near 200pips then up near 200pips, today was abit flatter with a 150pip down move.


But the issue I have is, I'm stalking a trade and 10seconds later after a brief hesitiation it's already up 30pips, thats what the low volume is creating.

Nearly back to normal
Its all in the mind.
  • #159,751
  • Aug 20, 2009 6:41pm Aug 20, 2009 6:41pm
Quoting 5abi
yes but am curious volume is abnormally low, see the chart

You don't need Volume for a 200+ pip up move, you just need a lack of sellers sitting on the ASK, thats why news moves so quickly.

More Volume ='s slower more readable market.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #159,752
  • Aug 20, 2009 8:50pm Aug 20, 2009 8:50pm
Break of the trend line and a perfect 50% bounce on the fibs should see cable to 1.6200 fairly quickly..

Hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 292 KB
  • #159,753
  • Aug 20, 2009 8:52pm Aug 20, 2009 8:52pm
thanks in advance ....
Attached Image
  • #159,754
  • Aug 20, 2009 8:53pm Aug 20, 2009 8:53pm
Quoting 5abi
Thanks QP. I am not sure what calculations goes on behind this indicator, because volume itself cannot tell who is selling and who is buying.

I am momentum trader, so I like lot of liquidity when I push a trade in. See the attached H4 chart, just see how light is the volume this week compared to last week.

The chart is from ibfx, I have heard they have interbank volume so a very good representative sample of what is going on overall.
Many thanks for that, sorry I asked a question and left the chat group, its pretty much what I thought.
  • #159,755
  • Aug 20, 2009 8:57pm Aug 20, 2009 8:57pm
Quoting brokerslo
Hy

.
Can you mail me this indicator I wuld realy like to test it it looks reali interesting.
My mail is:
[email protected]

Thnx
Robert
On its way, if you can find out anything usefull from it please let me know.
  • #159,756
  • Aug 20, 2009 10:55pm Aug 20, 2009 10:55pm
Quoting qp2
Hi 5abi,

I do not know how to gauge volume in FX trading, with shares it is easy.
I have attached a chart with an indicater on that purports to indicate buyer seller ratio and volume, is it worth giving the time of day to?
I paid for it but got no real instructions.
For what it is worth I will give it away free if anyone wants it, but back to the question what is a good volume indicater, and please comment on this one attached.

Happy trading and many thanks.
PM sent.
  • #159,757
  • Aug 20, 2009 10:58pm Aug 20, 2009 10:58pm
Looks like there is a sharp move down on the GBP/USD happening right now....does anyone know what is causing this? Is now the time to short?
  • #159,758
  • Aug 20, 2009 11:25pm Aug 20, 2009 11:25pm
Quoting qp2
Hi 5abi,

I do not know how to gauge volume in FX trading, with shares it is easy.
I have attached a chart with an indicater on that purports to indicate buyer seller ratio and volume, is it worth giving the time of day to?
I paid for it but got no real instructions.
For what it is worth I will give it away free if anyone wants it, but back to the question what is a good volume indicater, and please comment on this one attached.

Happy trading and many thanks.
I would love to test that since I trade on some VSA basic.

Here's the one I use, Better Volume indicator, whit hawkeyes over it.

Red and blue bar = high volume large range bar
Yellow = low volume short range
Magenta : High volume, short range but large wick
White: high volume short range

Haweyes just let me know if the volume was bullish or bearish.

Sent me your indic at [email protected]

I leave mine here, thx!


------------------

VSA thread : http://www.forexfactory.com/showthread.php?t=157629
Attached Image (click to enlarge)
Click to Enlarge Name: vol.jpg Size: 151 KB
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 286 downloads
File Type: mq4 HAWKEYE VOLUME.mq4   6 KB | 318 downloads
  • #159,759
  • Aug 20, 2009 11:27pm Aug 20, 2009 11:27pm
the trend is move to down ? it is possible to break s3 ?
  • #159,760
  • Aug 20, 2009 11:27pm Aug 20, 2009 11:27pm
Quoting grashid
i tell u what..continous fall till tomorrow..u wont believe..then i'll show u after this
Believe it...you guys should believe

by the way where is Guru Nanak for his long entry yesterday
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