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Cable Update (GBPUSD)

  • #179,161
  • Oct 27, 2009 11:39am Oct 27, 2009 11:39am
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...
I like your conclusion 1.6324 being the value area...a lot better than 1.6370s I saw floating around here earlier....
Hear the music before the song is over ...
  • #179,162
  • Oct 27, 2009 11:41am Oct 27, 2009 11:41am
Quoting wormboy
dollar bulls are coming
Ive been waiting for them patiently
  • #179,163
  • Oct 27, 2009 11:41am Oct 27, 2009 11:41am
Quoting GlobalMacro
I like your conclusion 1.6324 being the value area...a lot better than 1.6370s I saw floating around here earlier....
brother you keeping my beer cold?
Thank You
  • #179,164
  • Oct 27, 2009 11:44am Oct 27, 2009 11:44am
Quoting belekas
Ive been waiting for them patiently
we'll get paid b. patience always pays better
Thank You
  • #179,165
  • Edited 12:04pm Oct 27, 2009 11:46am | Edited 12:04pm
Quoting wormboy
brother you keeping my beer cold?
lol...yea right....I'm raising the temperature for each and every expired day....bro...lol

I really, really like those motives "Tiger Gold Medal"....did you find some for me....60 odd days left for our wager....
Hear the music before the song is over ...
  • #179,166
  • Oct 27, 2009 11:52am Oct 27, 2009 11:52am
Quoting wormboy
dollar bulls are coming
bring on the dollar bulls
  • #179,167
  • Oct 27, 2009 12:02pm Oct 27, 2009 12:02pm
salam hi all

short or not short that is the b;;;;;;h if dont kick her azz she will be mad wating for the 16305 to kill the b;;;;h
  • #179,168
  • Oct 27, 2009 12:11pm Oct 27, 2009 12:11pm
Quoting GlobalMacro
I like your conclusion 1.6324 being the value area...a lot better than 1.6370s I saw floating around here earlier....
Hi GM,

1.6370 does seem a bit out for the value area???not sure how that came about from someone.

Looks like we've almost formed a double distibution day here from the MP chart. I reckon we will trade between 1.6341 and 1.6324 for a while now until this gap in the lower distribution is filled. It should be pretty boring stuff for a while so im probably going to call it a day. Anyway have a good evening!
  • #179,169
  • Oct 27, 2009 12:14pm Oct 27, 2009 12:14pm
Quoting GlobalMacro
I like your conclusion 1.6324 being the value area...a lot better than 1.6370s I saw floating around here earlier....
forgot to attach a chart...thought it might just explain what I was saying. tc
Attached Image (click to enlarge)
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  • #179,170
  • Oct 27, 2009 12:21pm Oct 27, 2009 12:21pm
its look to me is a buy dip....but am not deny 6128 or even lower to 1.58 area if 6250/60 broken....

look too me H&S daily failed to be tank to 1.53 as pobably end of nov to dec 09 time frame only will happen....

am still saw 1.67 even or even 1.7650 is there....

next week nfp perhaps will shoot up like a rocket where this week thu gdp-friday will trying to push at lower price and form a srong support....

otherwise...it will shoot up by then pushing it bck..but am worried it will straight away pushing up...to 1.67-1.7 zone

again i could be wrong and am no in trade atm....n will only start after nfp

so check it out n see what happen
Attached Image(s) (click to enlarge)
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  • #179,171
  • Oct 27, 2009 12:22pm Oct 27, 2009 12:22pm
Quoting Stocky Monk
forgot to attach a chart...thought it might just explain what I was saying. tc
whats the name of the histogram indi?
is it price hist or volume?
thx
  • #179,172
  • Oct 27, 2009 12:34pm Oct 27, 2009 12:34pm
Quoting Stocky Monk
Hi GM,

1.6370 does seem a bit out for the value area???not sure how that came about from someone.

Looks like we've almost formed a double distibution day here from the MP chart. I reckon we will trade between 1.6341 and 1.6324 for a while now until this gap in the lower distribution is filled. It should be pretty boring stuff for a while so im probably going to call it a day. Anyway have a good evening!
good job, Stocky....have a good one!
Hear the music before the song is over ...
  • #179,173
  • Oct 27, 2009 12:35pm Oct 27, 2009 12:35pm
Quoting GlobalMacro
lol...yea right....I'm raising the temperature for each and every expired day....bro...lol

I really, really like those motives "Tiger Gold Medal"....did you find some for me....60 odd days left for our wager....
Tiger?? Ughhhh
But if it's cheap beer that you want ...

60 days?? That's a lifetime brother!!
Thank You
  • #179,174
  • Oct 27, 2009 12:42pm Oct 27, 2009 12:42pm
Quoting wormboy
Tiger?? Ughhhh
But if it's cheap beer that you want ...

60 days?? That's a lifetime brother!!
lol...

no, not the beer itself brother....tastes like p*** I know....

It's the motives & design they use on other items to promote it that I like...


60 days? I raise the temp +1 degree for each day....
Hear the music before the song is over ...
  • #179,175
  • Oct 27, 2009 1:13pm Oct 27, 2009 1:13pm
Quoting frito
whats the name of the histogram indi?
is it price hist or volume?
thx
The indicator in the chart I posted earlier is a 'Market profile' indicator. It basically prints a letter or color where price has traded NOT volume, and over the course of the day starts showing you where price has trade most or very least.
I have been searching for a good MP indicator for a while and not had much luck with MT4....The one displayed is the best I have seen so far for MT4. there might be better but I havent found it yet. A proper MP indicator should really just be made up of alphabetical letterd 'A' prints for the first 30mins of the trading day, B print for the next 30 mins and so on. It basically looks the same but is made up of letter when you zoom in and becomes much more useful, especially for intraday trading. Prorealtime offer it with there charting software.
  • #179,176
  • Oct 27, 2009 1:24pm Oct 27, 2009 1:24pm
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
Closed short 1.6360
  • #179,177
  • Oct 27, 2009 1:29pm Oct 27, 2009 1:29pm
Quoting Stocky Monk
The indicator in the chart I posted earlier is a 'Market profile' indicator. It basically prints a letter or color where price has traded NOT volume, and over the course of the day starts showing you where price has trade most or very least....
thx Stocky
can u post the file? i couldnt fing the exact one only one color no time info
  • #179,178
  • Oct 27, 2009 1:38pm Oct 27, 2009 1:38pm
Geez, I was only hoping for 1.6360 outa this long...guess I will just put that as my stop loss now...

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,179
  • Oct 27, 2009 1:40pm Oct 27, 2009 1:40pm
Here we go again up
20min if this 1h close above 1.6374 will long
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  • #179,180
  • Oct 27, 2009 1:49pm Oct 27, 2009 1:49pm
Quoting egkid
Here we go again up
20min if this 1h close above 1.6374 will long
EURGBP broke support and DX(usd) looks heavy and just broke support too.......GU up
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