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Cable Update (GBPUSD)

  • #169,461
  • Sep 25, 2009 7:16am Sep 25, 2009 7:16am
Quoting malcolmb14
the same move we saw on euro we saw on 15 min gu

I am trying to remin unbiased , but here we have a 15 min gu chart with a hig volume up bar that was followed by a down bar .... reversal after effort to to rise and a sign of weakness

support on the 60 min is 1.5980.... watching for break of that in US session .Took the short and have stop at BE already off .16032

Attachment
for those vsa'ers out there this one was a classic .. 1/2 off 50 pip and stop Be +5 other half
Blogging daily now at www.volume.zone
  • #169,462
  • Sep 25, 2009 7:17am Sep 25, 2009 7:17am
Quoting nAVIN2007
done ......lol just incase
Just abt the same time nAV...finally cleared my GU too, for a +15 pips
Oh boy...if only I have steel nerves, guess not LOL. Left UJ which is trailing close to my TP.
  • #169,463
  • Sep 25, 2009 7:24am Sep 25, 2009 7:24am
Quoting Alpha Hamste
Just abt the same time nAV...finally cleared my GU too, for a +15 pips
Oh boy...if only I have steel nerves, guess not LOL. Left UJ which is trailing close to my TP.

i know what u mean..
  • #169,464
  • Sep 25, 2009 7:25am Sep 25, 2009 7:25am
good morning, evening

I just closed my short.. too. lol

I just don't know how to trade news, so wouldn't even try to guess.

I have this picture in my mind of a really tasty piece of cheese sitting on a little piece of wood with a funny metal spring thing attached to it...
  • #169,465
  • Sep 25, 2009 7:29am Sep 25, 2009 7:29am
Quoting Fudomyo
good morning, evening

I just closed my short.. too. lol

I just don't know how to trade news, so wouldn't even try to guess.

I have this picture in my mind of a really tasty piece of cheese sitting on a little piece of wood with a funny metal spring thing attached to it...
(Jeopardy theme playing in the background)

Ding ding ding For $500...is it a mouse trap?
  • #169,466
  • Sep 25, 2009 7:32am Sep 25, 2009 7:32am
Damn it...damn it!! It went down... I have been punked by the news...
Why the hell did I move up my TP...damn itchy finger!!
How to trade the news, anyone??
  • #169,467
  • Sep 25, 2009 7:34am Sep 25, 2009 7:34am
now we just need to break this low and im sweet..
Attached Image (click to enlarge)
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  • #169,468
  • Sep 25, 2009 7:35am Sep 25, 2009 7:35am
Dont trade de the news, trade de reaction
  • #169,469
  • Sep 25, 2009 7:36am Sep 25, 2009 7:36am
Maybe a nice double bottom on the 1H?
Ghost Rider - WWTBMD?
  • #169,470
  • Sep 25, 2009 7:36am Sep 25, 2009 7:36am
trade the news is pure gamble.
the "estimates" are always inaccurate so basically it is always a 50/50 bet
Quoting Alpha Hamste
Damn it...damn it!! It went down... I have been punked by the news...
Why the hell did I move up my TP...damn itchy finger!!
How to trade the news, anyone??
  • #169,471
  • Sep 25, 2009 7:36am Sep 25, 2009 7:36am
Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have found a group of people that accepted me. That has taught me so much... you have no idea!

From fresh, to seasoned - to all. Thank you for all the wrist-slaps, views, input and guidance. I am humbled by your willingness to share and by the immense source of knowledge - free to tap into at any time.

I appreciate you all. I do.

I attach the trades made for the last 2 days. All short term trades.

I wish you all that is good. ( if you deem this post inappropriate - please immediately tell me)

My highest regards
Attached Image (click to enlarge)
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Attached Image
  • #169,472
  • Sep 25, 2009 7:39am Sep 25, 2009 7:39am
Quoting Alpha Hamste
Damn it...damn it!! It went down... I have been punked by the news...
Why the hell did I move up my TP...damn itchy finger!!
How to trade the news, anyone??
I have 3 rules for news.

1) If I'm locked well in profit, I pay no attention.
2) If I'm not locked in I generally get out.
3) If I'm not in a trade, I wait for the dust to settle.
Ghost Rider - WWTBMD?
  • #169,473
  • Sep 25, 2009 7:39am Sep 25, 2009 7:39am
Quoting malcolmb14
for those vsa'ers out there this one was a classic .. 1/2 off 50 pip and stop Be +5 other half
testing supply 1.5912 .. if this breaks nothing holding her back to 1.5800.

I have closed short for 100 pip... did not like wide spread down bar with high vol after news.

will look for other opportunity to sell later in US session

hope my earlier post helped some of you to take sell if sitting on fence with your own system
Blogging daily now at www.volume.zone
  • #169,474
  • Sep 25, 2009 7:40am Sep 25, 2009 7:40am
Quoting TauTrader
Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have found...

amazed half those are counter trend buys .. lol

nice job
Blogging daily now at www.volume.zone
  • #169,475
  • Sep 25, 2009 7:41am Sep 25, 2009 7:41am
dollar is coming back after the FOMC.
it's funny that no rate hike was even hinted and nothing new about exit strategy, but still the dollar came alive again.
gold fell $30 in less than 48 hours, same for pound (500pips). both couldn't manage to retrace.
  • #169,476
  • Sep 25, 2009 7:41am Sep 25, 2009 7:41am
It's seem that I was right plus 2 bad news for USD make the USD stronger.
but I think I will have to call it off for today.

5 more news(4 USD news + 1 G20) are coming in to 2 hours which make it too unpredictable plus it's Friday.

Please correct me if I'm wrong. I'm just a beginner. ^_^
  • #169,477
  • Edited 7:47am Sep 25, 2009 7:44am | Edited 7:47am
Quoting malcolmb14
testing supply 1.5912 .. if this breaks nothing holding her back to 1.5800.

I have closed short for 100 pip... did not like wide spread down bar with high vol after news.

will look for other opportunity to sell later in US session

hope my earlier post helped some of you to take sell if sitting on fence with your own system
Nice one - I too have been selling off "the levels" all day....I've now taken a small long off the 5921 low / S1 level to pirate a few pips off the retrace http://www.forexfactory.com/images/icons/icon12.gif

Off course, TP at the next level - 5950 - also the 50% retrace....
Trading Levels with WRBs
  • #169,478
  • Sep 25, 2009 7:45am Sep 25, 2009 7:45am
Quoting TauTrader
Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have found...
well done buddy.. great achievement!!
  • #169,479
  • Edited 8:44am Sep 25, 2009 7:48am | Edited 8:44am
Morning all! 5919!!

Hope LDN treated you all well.

Good stuff Tau trader!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,480
  • Sep 25, 2009 7:49am Sep 25, 2009 7:49am
Quoting TauTrader
Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful....
nice job! have a great weekend!
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