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Cable Update (GBPUSD)

  • #179,261
  • Oct 27, 2009 4:43pm Oct 27, 2009 4:43pm
Quoting malcolmb14
ok I might have been a bit excited .... a few buyers....lol
LOL. this is funny.. .. well tons and few is not far, isnt it?
  • #179,262
  • Oct 27, 2009 4:43pm Oct 27, 2009 4:43pm
Quoting egkid
We have been bouncing at this point for 3H
Soon will know to where it go
Here my map for US index and my view for next 6 weeks but not confirmat yet

asia has been selling usd also .... that has been the singature for last few days,
Blogging daily now at www.volume.zone
  • #179,263
  • Edited 5:31pm Oct 27, 2009 4:51pm | Edited 5:31pm
Quoting malcolmb14
asia has been selling usd also .... that has been the singature for last few days,
Yep,Selling us$ ,Us index 4h sell And g/u look bullish to me that give more posibilty to Up move
I'm long 1.6375 let see
4H close above my mention Target 1.6375
GL all
Edit put my Sl 1.6325 time to get some sleep,cya
  • #179,264
  • Oct 27, 2009 6:42pm Oct 27, 2009 6:42pm
Stats de jour....

Okay, so maybe I do make too many trades...Point taken.

Stats look like this...

84 lots traded today

Total traded lots closed @ profit - 74, - 707 pips
Total traded lots closed @ loss - 10, - 110 pips
Included in profits is 5 trades that were closed @ 0

Net gains, +597.

Am I bragging....

Oh yeah baby, I'm bragging!

Apologies to the room for earlier drama, as much as I would like to offer perspective to new traders in the room, I do realize that having somebody follow me through the day might get a little confusing.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,265
  • Oct 27, 2009 6:47pm Oct 27, 2009 6:47pm
Quoting Magix
Stats de jour....

Okay, so maybe I do make too many trades...Point taken.

Stats look like this...

84 lots traded today

Total traded lots closed @ profit - 74, - 707 pips
Total traded lots closed @ loss - 10, - 110 pips

Net gains, +597.

Am I bragging....

Oh yeah baby, I'm bragging!

Apologies to the room for earlier drama, as much as I would like to offer perspective to new traders in the room, I do realize that having somebody follow me through the day might get a little confusing.

this made me laugh ... so $597 for the day ?... pretty good
Blogging daily now at www.volume.zone
  • #179,266
  • Oct 27, 2009 6:49pm Oct 27, 2009 6:49pm
Quoting malcolmb14
this made me laugh ... so $597 for the day ?... pretty good
24 hour period.

Never claimed I was making more than you MAL, but I can hold my own.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,267
  • Oct 27, 2009 6:54pm Oct 27, 2009 6:54pm
Quoting malcolmb14
asia has been selling usd also .... that has been the singature for last few days,
The greatest trading opportunities....
when the ema's on higher time frames begin their convergence. May happen only a few times per week. This 30m chart shows the gathering in this range... 1.6360 - 1.6380. Focal point:(150 ema ~1.6381)
(***Note: the price has already jumped ~16 pips during this post)

Compression and release off of higher time frames generally produces more energy for a much greater sustained move.

The 5m and 15m charts are concurrently converging around 1.6360.

This screen shot below of 1m chart, 5 - 8 hrs ago shows what can result off of compression = 60 pip pop.

Just my observation. Pick your tf, pick your poison.

Dr. D.
Attached Images
  • #179,268
  • Oct 27, 2009 6:55pm Oct 27, 2009 6:55pm
Here we go again... BTW, looking to the trend lines, well frankly this is not good for bear FOR A MOMENT. We will look into it after the UK Open.. set all my sl to 1.6460..
  • #179,269
  • Oct 27, 2009 6:56pm Oct 27, 2009 6:56pm
Quoting Magix
24 hour period.

Never claimed I was making more than you MAL, but I can hold my own.
do that every day is the trick .... not sure how many actual trades you took today , at one point it looked like 200 plus.

it is about the gains at the end of the year not one day that you should be happy about.

I taught my woman how to trade..she double on account in 2 weeks... blew it up the next , lucky I did not give her to much money to play with. Grasshopper did not listen to the lesson about money mangement and risk tolerance.
Blogging daily now at www.volume.zone
  • #179,270
  • Oct 27, 2009 6:58pm Oct 27, 2009 6:58pm
Quoting mloistianto
Here we go again... BTW, looking to the trend lines, well frankly this is not good for bear FOR A MOMENT. We will look into it after the UK Open.. set all my sl to 1.6460..

this could go all way to 1.6500 and still be in a flag ....

I do not often trade GU in asia.... GJ i will if i see a good set up

Attached Image (click to enlarge)
Click to Enlarge Name: chart04.gif Size: 33 KB
Blogging daily now at www.volume.zone
  • #179,271
  • Oct 27, 2009 7:00pm Oct 27, 2009 7:00pm
Quoting malcolmb14
do that every day is the trick .... not sure how many actual trades you took today , at one point it looked like 200 plus.

it is about the gains at the end of the year not one day that you should be happy about.

I taught my woman how to trade..she double on account in 2 weeks... blew it up the next , lucky I did not give her to much money to play with. Grasshopper did not listen to the lesson about money mangement and risk tolerance.
I hear ya there brother...

Had a couple of those myself...early on, +1300 in a week, following week come Friday, barely had enough to trade micro.

I am just a hobbiest. Had the day off today, put a little more time into it, and really gotta thank that Turvey guy for the 200ma tip on the 1m chart, has been GOLD!

Still telling myself, if I can go 10k per mo, 3 months in a row, will go full-time, as for now, you just gotta put up with my shit on a part-time basis..

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,272
  • Oct 27, 2009 7:01pm Oct 27, 2009 7:01pm
Quoting fourxtrader
The greatest trading opportunities....
when the ema's on higher time frames begin their convergence. May happen only a few times per week. This 30m chart shows the gathering in this range... 1.6360 - 1.6380. Focal point:(150 ema ~1.6381)
[color=blue][i](***Note: the price has already jumped...
looks good .. what you thinking ? pop up or down

there seemed a load of buyers 1.6300 ....looks like we are off to test london highs..what
Blogging daily now at www.volume.zone
  • #179,273
  • Oct 27, 2009 7:02pm Oct 27, 2009 7:02pm
Quoting Magix
I am just a hobbiest. Had the day off today, put a little more time into it, and really gotta thank that Turvey guy for the 200ma tip on the 1m chart, has been GOLD!
Glad someone learned something, thats 200EMA right, it really does kick butt.


Anytime.

* weird coincidence hadn't checked this thread in days!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #179,274
  • Oct 27, 2009 7:04pm Oct 27, 2009 7:04pm
Quoting Turveyd
Glad someone learned something, thats 200EMA right, it really does kick butt.


Anytime.

* weird coincidence hadn't checked this thread in days!!
Now that you're here...Thanks!

Was doing okay before, but love the scalping ops, takes away a lot more of the guess work.

Hats off to you sir!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,275
  • Oct 27, 2009 7:10pm Oct 27, 2009 7:10pm
Quoting Turveyd
Glad someone learned something, thats 200EMA right, it really does kick butt.


Anytime.

* weird coincidence hadn't checked this thread in days!!
What is the idea, buy over sell under 200EMA?

Thx!
  • #179,276
  • Oct 27, 2009 7:14pm Oct 27, 2009 7:14pm
These movements tend to be up today, but for the last 2 days have not got a pound of his full support, a point which is 1.6450 determines if it will rise impenetrable to 1.6500 with data2 as follows:
R1 = 1.6450 Pivot = 1.6362 S1 = 1.6330

suggestions:

Buy = 1.6330 sell 1.6490
  • #179,277
  • Oct 27, 2009 7:18pm Oct 27, 2009 7:18pm
Quoting malcolmb14
this could go all way to 1.6500 and still be in a flag ....

I do not often trade GU in asia.... GJ i will if i see a good set up

Attachment
Hopefully it will not, I have a few trend lines here. Very nice using H4 TF. If she obeys the TL, around 430-450 will be the turn over point.n But yes, you might be right. I will set my sl accordingly while i'm wathching the PA. Good luck to u.. BTW, are u holding any position?

Sorry forgot to upload my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: halah.jpg Size: 274 KB
  • #179,278
  • Oct 27, 2009 7:19pm Oct 27, 2009 7:19pm
Quoting malcolmb14
looks good .. what you thinking ? pop up or down

there seemed a load of buyers 1.6300 ....looks like we are off to test london highs..what
I rely on the collective genius (or insanity) of this
asylum to provide me with that answer. LOL

My charts may provide the timing.

Your charts may provide the direction.

I prefer to never give direction and
never mislead.... so what good am I?

Dr. D.
  • #179,279
  • Oct 27, 2009 7:23pm Oct 27, 2009 7:23pm
I think we are soon to be witness to the LTL busted, and down to the 1.61 area...

At least for now, that's how I'm seeing it!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,280
  • Oct 27, 2009 7:26pm Oct 27, 2009 7:26pm
Quoting Magix
Now that you're here...Thanks!

Was doing okay before, but love the scalping ops, takes away a lot more of the guess work.

Hats off to you sir!

Find my M1 thread, but add a 55ema for entries on strong moves, and 600sma and 1440sma for S/R to.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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