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Cable Update (GBPUSD)

  • #179,141
  • Oct 27, 2009 9:44am Oct 27, 2009 9:44am
This is how I see...

Big Boys are bring the price down to resistance level with high vol to load up LONGs...

It is too late to short or too early to long for me... Will wait tills my criteria come true.
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  • #179,142
  • Oct 27, 2009 9:48am Oct 27, 2009 9:48am
Quoting malcolmb14
200 scalps 4 hrs and time to post in ff ...

superman is here ....

that is one scalp per 1.2 seconds ....

lol what magicx thinks he is goldman sachs HFT machine now ? LOL
Not 200 scalps, was net in multi traded lots.

But, lets read back a bit here Mal.

http://www.forexfactory.com/showpost...stcount=178973

As far as forecasts go, think I'd rather stick with my own charts and plays.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,143
  • Oct 27, 2009 9:48am Oct 27, 2009 9:48am
we're just following a weak Dow rally right now ...
  • #179,144
  • Oct 27, 2009 9:49am Oct 27, 2009 9:49am
Quoting malcolmb14
it is the price that highest volume of day occurred on

this particular indie i use for esignal calculates them and plots high volume pivots for last 20 session , value are for today and value area for prior day


Thanks very much for your reply.
  • #179,145
  • Oct 27, 2009 9:50am Oct 27, 2009 9:50am
Quoting sonicdeejay
This is how I see...

Big Boys are bring the price down to resistance level with high vol to load up LONGs...

It is too late to short or too early to long for me... Will wait tills my criteria come true.

seem buyers ..we could have range conditions . With 1.6300 bottom and 1.6400 ish top

I am still liking sell rallies due to weekly dx with volume as high as 2007 lows last week
Blogging daily now at www.volume.zone
  • #179,146
  • Oct 27, 2009 9:54am Oct 27, 2009 9:54am
Quoting malcolmb14
seem buyers ..we could have range conditions . With 1.6300 bottom and 1.6400 ish top

I am still liking sell rallies due to weekly dx with volume as high as 2007 lows last week
Uhmm. i prefer the weekly view. last week, it traded above the UTL, then closed with under the UTL, while now we are trading in the UTL. ANd this is just the upper tail for the start of the week, I prefer sell than long at this rate. that UTL is holding tight.
  • #179,147
  • Oct 27, 2009 10:06am Oct 27, 2009 10:06am
I looking at the charts, I see highest volume yesterday was the close of 15 minute candle at 16:00 GMT to give 1.6320;

today the highest volume was the close of 15 minute candle at 14:00 GMT to give today's point of control of 1.6335.

I don't have a program to give the point of control, but it looks like I can read it off my volume chart.
  • #179,148
  • Oct 27, 2009 10:08am Oct 27, 2009 10:08am
Quoting Sonofsin5
Lets see the P & L statement on those 200???

what will that do?
this place can be funny at times

we at the bottom of the range, hence the buyers..
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  • #179,149
  • Oct 27, 2009 10:14am Oct 27, 2009 10:14am
Quoting sonicdeejay
This is how I see...

Big Boys are bring the price down to resistance level with high vol to load up LONGs...

It is too late to short or too early to long for me... Will wait tills my criteria come true.

From my chart the volumes are still high, which would suggest that there is still pressure to go down.

When the volumes taper off that we would then have a turn in direction.
  • #179,150
  • Oct 27, 2009 10:20am Oct 27, 2009 10:20am
cable support is under attack
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  • #179,151
  • Oct 27, 2009 10:21am Oct 27, 2009 10:21am
Quoting LetsTrade
I looking at the charts, I see highest volume yesterday was the close of 15 minute candle at 16:00 GMT to give 1.6320;

today the highest volume was the close of 15 minute candle at 14:00 GMT to give today's point of control of 1.6335.

I don't have a program to give the point of control, but it looks like I can read it off my volume chart.

this may clarify it

see the volume histogram...

highest volume is no on one candle alone , but at a price . It can change during the day.

right now price is on todays low ... and under the value are of today . We could see buyers here.

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Blogging daily now at www.volume.zone
  • #179,152
  • Oct 27, 2009 10:24am Oct 27, 2009 10:24am
Quoting sonicdeejay
This is how I see...

Big Boys are bring the price down to resistance level with high vol to load up LONGs...

It is too late to short or too early to long for me... Will wait tills my criteria come true.

Looking at that again, I have a very good point and would agree with you.
  • #179,153
  • Oct 27, 2009 10:25am Oct 27, 2009 10:25am
amazing day with stock mkt going positive then negative and now up 46

DOW


forex in flux with euro stuffed but still at 1.4814 which looks like a daily support

So we are at the crossroads with shares and currencies

danger/opportunity time

Bank of England offering 4% on1 year fixed deposits - Halifax offering 0.2% on cash - so BOE knows about inflation ?
  • #179,154
  • Oct 27, 2009 10:33am Oct 27, 2009 10:33am
Quoting malcolmb14
this may clarify it

see the volume histogram...

highest volume is no on one candle alone , but at a price . It can change during the day.

right now price is on todays low ... and under the value are of today . We could see buyers here.
Thanks. I will work on this
  • #179,155
  • Oct 27, 2009 10:47am Oct 27, 2009 10:47am
Quoting malcolmb14
lol up to 1.6335 ?


did you even bother to look at dollar index today ?

gu say hello to 1.5800 by end of week
See what i mean now it goes exactly as i thought check my chart
And my dot line
http://www.forexfactory.com/showthre...92#post3177792
I got Some pip today
buy 1.6335 TP 1.6435 Hit - and sell limit was 1.6435 still open
  • #179,156
  • Oct 27, 2009 10:53am Oct 27, 2009 10:53am
Quoting egkid
See what i mean now it goes exactly as i thought check my chart
And my dot line
http://www.forexfactory.com/showthre...92#post3177792
I got Some pip today
buy 1.6335 TP 1.6435 Hit - and sell limit was 1.6435 still open
This was the point I was trying to make too egkid.

Good job on the forecast, great job on the profit!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,157
  • Oct 27, 2009 11:00am Oct 27, 2009 11:00am
doomed doller update
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  • #179,158
  • Oct 27, 2009 11:04am Oct 27, 2009 11:04am
crazy M F dow
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  • #179,159
  • Edited 11:33am Oct 27, 2009 11:22am | Edited 11:33am
I have exited and banked 80pips from the previous sell at 1.64040, TP 1.63223. This channel support is proving tough to break and it looks like the cable will need to pull back and gather more momentum before we can push through. The second chart shows central resistance line which if it holds we may see another test of this channel support. If it break and we pass the 200ma to the upside we are likely to test the top of this channel again and maybe even test the 50% fib from last weeks sell off.

Chart3: this show the market profile over the last 2 days. The value area have built up large support/res levels to eitherside and are going to take some working to get through. For this reason I have bank my profit and will wait for a break of this channel
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  • #179,160
  • Oct 27, 2009 11:38am Oct 27, 2009 11:38am
Quoting Stocky Monk
I have exited and banked 80pips from the previous sell at 1.64040, TP 1.63223. This channel support is proving tough to break and it looks like the cable will need to pull back and gather more momentum before we can push through. The second chart shows central resistance line which if it holds we may see another test of this channel support. If it break and we pass the 200ma to the upside we are likely to test the top of this channel again and maybe even test the 50% fib from last weeks sell off.

Chart3: this show the market profile over the last...
dollar bulls are coming
Thank You
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