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Cable Update (GBPUSD)

  • #167,941
  • Sep 23, 2009 3:35am Sep 23, 2009 3:35am
Quoting Reznik
Dat de signal... LONG!!

depends if scalper like me or swing trader

if waiting to get in for 50 to 100 pip move after news always wait for 1st 5 min

this up candle has ultra high volume ... got to wait for reaction to it.
Blogging daily now at www.volume.zone
  • #167,942
  • Sep 23, 2009 3:36am Sep 23, 2009 3:36am
Quoting GlobalMacro
I'm carrying my longs set Tuesday morning @ 1.6214
Bullish price action continued early this session and traded to a high of 1.6414 yielding +200 pips
Cable's now trading @ 1.6355

Monday's pin bounced off the ascending TL and was confirmed by yesterday's PA forming a complete morning star on the daily.

I will continue to carry the long position.
Hey GM, you must have really enjoyed that bro . Happy for you pal.
You've got to be IN IT to WIN IT!
  • #167,943
  • Sep 23, 2009 3:38am Sep 23, 2009 3:38am
with bad news on the other signal, I wonder if anyone gonna short while its up in the 6425 area?
Trade Like a Robot make money Like a Bank
  • #167,944
  • Sep 23, 2009 3:38am Sep 23, 2009 3:38am
forexlions 1.6433 close ..I hope he stayed in and took the draw down... maybe she rips to 1.6500 now as does not seem sellers on boe minutes
Blogging daily now at www.volume.zone
  • #167,945
  • Sep 23, 2009 3:39am Sep 23, 2009 3:39am
Everything looks Bad... But it turned for the better. All Birds go North...
  • #167,946
  • Sep 23, 2009 3:39am Sep 23, 2009 3:39am
Quoting sibajnok
yesterday i closed my long position in +100 pips. today if we are heading up and reaching yesterday's daily close (6352) + 30 pips = 6382 I will enter for another long.
TP1 6432 (6382 entry +50 pips) reached.
  • #167,947
  • Sep 23, 2009 3:39am Sep 23, 2009 3:39am
well....so much for

bulls feeling the heat....

event risk.....

BOVB...

EMA 62.....

and MISSING....

I guess some people just can't help but speak too soon.....

I wonder who's feeling the heat now??????


Anyway......


Keeping my longs from 1.6214 up in greens +217 pips here @ 1.6431

and it keeps going and going and going and..................
Hear the music before the song is over ...
  • #167,948
  • Sep 23, 2009 3:40am Sep 23, 2009 3:40am
Quoting Ifty
Hey GM, you must have really enjoyed that bro . Happy for you pal.

Thanks bro....
Hear the music before the song is over ...
  • #167,949
  • Sep 23, 2009 3:41am Sep 23, 2009 3:41am
Hi All !
G'Morning !
Have A Nice Trading !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP.USD-7-1.gif Size: 23 KB
Click to Enlarge Name: GBP.USD-7-1(1).gif Size: 24 KB
Click to Enlarge Name: GBP.USD-7-1(2).gif Size: 24 KB
  • #167,950
  • Sep 23, 2009 3:41am Sep 23, 2009 3:41am
15 min ultra high vol up bar ...

hate staying in a trade when volume is that high ....well good night all what a great day trading session
Blogging daily now at www.volume.zone
  • #167,951
  • Sep 23, 2009 3:42am Sep 23, 2009 3:42am
Definitely not feeling the heat. That was not what I thought would happen (Obviously). But my stops and risk were appropriately set and I am still in my shorts.

I do not quite understand how Expected, and Worse then Expected = Boost to currency. Its coming down.

BTW, this is exactly why I do not call specific trades for people hahaha.

Que

Quoting GlobalMacro
well....so much for

bulls feeling the heat....

event risk.....

BOVB...

EMA 62.....

and MISSING....

I guess some people just can't help but speak too soon.....

I wonder who's feeling the heat now??????


Anyway......


Keeping my longs from 1.6214 up in greens +217 pips here @ 1.6431

and it keeps going and going and going and..................
Que
  • #167,952
  • Sep 23, 2009 3:42am Sep 23, 2009 3:42am
Short at 1.6425
  • #167,953
  • Sep 23, 2009 3:43am Sep 23, 2009 3:43am
It may bull trap, EU candle all TF face down, I close all long at 1.6430 ! + 225 + 77 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #167,954
  • Sep 23, 2009 3:44am Sep 23, 2009 3:44am
LOL - just like a couple of years ago when news trading was still possible - I bought the spike and took some nice pips and then watched the VSA action - I've now sold the rejection of the R1 level at 6434
Trading Levels with WRBs
  • #167,955
  • Sep 23, 2009 3:45am Sep 23, 2009 3:45am
Quoting Que
Definitely not feeling the heat. That was not what I thought would happen (Obviously). But my stops and risk were appropriately set and I am still in my shorts.

I do not quite understand how Expected, and Worse then Expected = Boost to currency. Its coming down.

BTW, this is exactly why I do not call specific trades for people hahaha.

Que
"what goes up must come down"

but first I'd like to collect another 50pips
  • #167,956
  • Sep 23, 2009 3:46am Sep 23, 2009 3:46am
Quoting GlobalMacro
well....so much for

bulls feeling the heat....

event risk.....

BOVB...

EMA 62.....

and MISSING....

I guess some people just can't help but speak too soon.....

I wonder who's feeling the heat now??????


Anyway......


Keeping my longs from 1.6214 up in greens +217 pips here @ 1.6431

and it keeps going and going and going and..................
Lol, Good fun to wind it up before such a data release !! Close one to call...they do say 'it's all in the charts' and this was the 5min chart just before release, bullish diveregence and a pinbar !

G/L

http://i34.tinypic.com/2qv4e84.gif
ex member
  • #167,957
  • Sep 23, 2009 3:46am Sep 23, 2009 3:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Alright, as said after clarity from BOE cable will rise and shine until 1.66. Only thing which can prevent it going up is BOE reducing rates on deposites over a certain amount, could come in next week. Anyhow, IMO we will be ranging 160 - 170 until first quarter next year. almost 100 pip spike, not bad!

All depends on FOMC today as well. It should be neutral though.



Quoting ams
Cheers Paul, thinking on the same lines (good to have an experts opinion as well!), either ways dollar goes up.

On the contrary, I see weakness in GBP until the next week's MPC meeting. When BOE brings more clarity to the policy it might rise.

Technically, we want to see 1.66 challenged for atleast week for bullish bias. To hell with everything else.

Well let's see.
  • #167,958
  • Sep 23, 2009 3:47am Sep 23, 2009 3:47am
Quoting Islander
LOL - just like a couple of years ago when news trading was still possible - I bought the spike and took some nice pips and then watched the VSA action - I've now sold the rejection of the S1 level at 6434
WOW... sell on high... congrats.
And where is your TP will be?
Trading for living is not a dream.
  • #167,959
  • Sep 23, 2009 3:47am Sep 23, 2009 3:47am
Quoting Hasnaa
Hi All !
G'Morning !
Have A Nice Trading !
good morning, damnit u right again!

I was short...
  • #167,960
  • Sep 23, 2009 3:47am Sep 23, 2009 3:47am
My analysis: someone (a big bank or a country even) needed to buy a LOT and he/she/it did it at the moment many traders were selling due to bad news.

Happens often.
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