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Cable Update (GBPUSD)

  • #161,441
  • Aug 27, 2009 1:57pm Aug 27, 2009 1:57pm
What was that all about? Was there any announcement???? I didn't see any major one for today. I have my TP at only 20 pips.... Went out for an errand and come back with this skyrocketed.




Quoting Inzider
We were into a channel, we quit it, then we are back in....
15 TF.

00 = short for me ....
Let's see!


Later!
  • #161,442
  • Aug 27, 2009 1:59pm Aug 27, 2009 1:59pm
Quoting albchr
I'd like to see this hour close below daily S/R at 6274 for a short. Dollar bounced back a "little" but not much.....
might help if you wait a little longer bro. see if 6270 holds. just a thought
Thank You
  • #161,443
  • Aug 27, 2009 2:00pm Aug 27, 2009 2:00pm
Quoting wormboy
might help if you wait a little longer bro. see if 6270 holds. just a thought

Yep...just edited that post to include the 4H as well. Shit just happens too fast in here to watch charts and post thoughts. Especially with FAT fingers...
Ghost Rider - WWTBMD?
  • #161,444
  • Edited 2:52pm Aug 27, 2009 2:03pm | Edited 2:52pm
Quoting traco1
What do you mean when you say accumulation ?
My trading method is mostly "Tape Reading" or "Reading the Tape" as some call it. I learnt most of what I know from Richard Wyckoff, a famous Wall St trader from the 1920's.

He passed on an enomous amount of knowledge, most of which I learnt the hard way lol.

His trading is based on 3 Laws:


Law of Supply and Demand
Law of Effort vs Results
Law of Cause and Effect

Here is a PDF which should help explain in further detail what I mean.

I hope you find it useful.

Happy trading

DT

Edit: Link added to free book by Wyckoff: http://www.tradingfives.com/wyckoff/...ay-trading.htm
Attached File(s)
File Type: pdf Wykcoff Laws.pdf   334 KB | 3,151 downloads
  • #161,445
  • Aug 27, 2009 2:03pm Aug 27, 2009 2:03pm
Took EJ long at 133.05. Closed 1/2 lot on her at 134.32. SL now +50 on the rest....
Ghost Rider - WWTBMD?
  • #161,446
  • Aug 27, 2009 2:03pm Aug 27, 2009 2:03pm
Quoting neutronis
Short 1.6208 TP 1.6168 SL 1.6248
Hi Everyone,

You know, my trade this morning was almost exactly like this... except TP @ 1.6166. It's nice when trades like this happen and I get home to see some pips. Pity I just missed the boat by 15min.

WormBoy, I took the trade mainly cos of your posts... and with a sideways glance at BB. You guys are a great example to struggling newbies like me.

Anyways... for the next trade.... I've not reviewed all the previous posts, so my apologies.... whose long beyond 1.6296?

Cheers team!
A pip is only worth it if you know how much you risked to earn it
  • #161,447
  • Aug 27, 2009 2:05pm Aug 27, 2009 2:05pm
So who else is ready for another round of Bull attack.

I am ready guys

  • #161,448
  • Aug 27, 2009 2:05pm Aug 27, 2009 2:05pm
Quoting SeaPip
What was that all about? Was there any announcement???? I didn't see any major one for today. I have my TP at only 20 pips.... Went out for an errand and come back with this skyrocketed.
I think its a SL run.... 3 days of downtrend they need to take some profit also. If we close over 1.6320, it will look a real move...

Let's see as always!

----------------
OK, i'm out for real, dogs walks!
  • #161,449
  • Aug 27, 2009 2:06pm Aug 27, 2009 2:06pm
i really have no idea about the big spike
but for such a spike with low volume, i will hold my 1.6270 short positions
hopefully there will be some updates about the sudden move
  • #161,450
  • Aug 27, 2009 2:06pm Aug 27, 2009 2:06pm
Quoting albchr
Yep...just edited that post to include the 4H as well. Shit just happens too fast in here to watch charts and post thoughts. Especially with FAT fingers...
lol I went to bed cause I thought it was gonna be a drab. Some timing they pick to get things moving. Check out usd chf bro, killer move
Thank You
  • #161,451
  • Aug 27, 2009 2:08pm Aug 27, 2009 2:08pm
Quoting wormboy
lol I went to bed cause I thought it was gonna be a drab. Some timing they pick to get things moving. Check out usd chf bro, killer move
Yep EU and UC as well. The floor just fell out of the dollar across the board. I HAVE to get me a dollar index chart....
Ghost Rider - WWTBMD?
  • #161,452
  • Aug 27, 2009 2:09pm Aug 27, 2009 2:09pm
if that's only cable, i agree. because there were so many bears.
for it is a collapse of USD across the board, i dun think the SL for the other pairs will also give such a big spike.
but i still have no idea now
Quoting Inzider
I think its a SL run.... 3 days of downtrend they need to take some profit also. If we close over 1.6320, it will look a real move...

Let's see as always!

----------------
OK, i'm out for real, dogs walks!
  • #161,453
  • Aug 27, 2009 2:09pm Aug 27, 2009 2:09pm
Quoting vlady1974
Hi Everyone,
congratulations on your gains vlady
Thank You
  • #161,454
  • Aug 27, 2009 2:11pm Aug 27, 2009 2:11pm
Quoting vlady1974
Hi Everyone,

You know, my trade this morning was almost exactly like this... except TP @ 1.6166. It's nice when trades like this happen and I get home to see some pips. Pity I just missed the boat by 15min.

WormBoy, I took the trade mainly cos of your posts... and with a sideways glance at BB. You guys are a great example to struggling newbies like me.

Anyways... for the next trade.... I've not reviewed all the previous posts, so my apologies.... whose long beyond 1.6296?

Cheers team!
i'm taking long from 1.6292
  • #161,455
  • Aug 27, 2009 2:13pm Aug 27, 2009 2:13pm
Quoting direct-trade
My trading method is mostly "Tape Reading" or "Reading the Tape" as some call it. I learnt most of what I know from Richard Wyckoff, a famous Wall St trader from the 1920's.

He passed on an enomous amount of knowledge, most of which I learnt the hard way lol.

His trading is based on 3 Laws:


Law of Supply and Demand
Law of Effort vs Results
Law of Cause and Effect

Here is a PDF which should help explain in further detail what I mean.

I hope you find it useful.

Happy trading

DT

Thanks DT brother very useful
  • #161,456
  • Aug 27, 2009 2:15pm Aug 27, 2009 2:15pm
Quoting GlobalMacro
Sorry bears...that was too juicy had to buy around 1.6167...later
Quoting GlobalMacro
looks like a nice juicy dip...if not we'll find out soon
enough.
For now holding longs.

Alright Now! That was real Nice!

I am closing my longs from 1.6167 here @ 1.6277 and taking the profits for 110 pips.

My position now is FLAT.
Attached Image
Hear the music before the song is over ...
  • #161,457
  • Aug 27, 2009 2:17pm Aug 27, 2009 2:17pm
Quoting Inzider
I think its a SL run.... 3 days of downtrend they need to take some profit also. If we close over 1.6320, it will look a real move...

Let's see as always!

----------------
OK, i'm out for real, dogs walks!
Agreed.
Price just stopped dead at the top of the H4 channel & the shampoo neckline @6270 level. Plus the gbplfx barely moved out of trouble.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbplfx1.JPG Size: 70 KB
Click to Enlarge Name: gbplfxw.JPG Size: 67 KB
Thank You
  • #161,458
  • Aug 27, 2009 2:18pm Aug 27, 2009 2:18pm
Quoting GlobalMacro
Alright Now! That was real Nice!

I am closing my longs from 1.6167 here @ 1.6277 and taking the profits for 110 pips.

My position now is FLAT.
nicely done bro. you're like a machine
Thank You
  • #161,459
  • Aug 27, 2009 2:20pm Aug 27, 2009 2:20pm
Quoting GlobalMacro
Alright Now! That was real Nice!

I am closing my longs from 1.6167 here @ 1.6277 and taking the profits for 110 pips.

My position now is FLAT.

..........
Ghost Rider - WWTBMD?
  • #161,460
  • Aug 27, 2009 2:23pm Aug 27, 2009 2:23pm
Quoting albchr
Now looking for a test of 6300/30 for short shot.
Still.....
Ghost Rider - WWTBMD?
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