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Cable Update (GBPUSD)

  • #181,921
  • Nov 9, 2009 10:36pm Nov 9, 2009 10:36pm
Quoting malcolmb14
we can both make money

Attachment
Agree with that mango, again, I just plays em as I sees em, I don't think I am smart enough to use all the same indicators as a lot of you guys use.

Grand scores for a Merry Xmas to us all!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,922
  • Nov 9, 2009 10:36pm Nov 9, 2009 10:36pm
Quoting Forexpreneur
It's either really low volume today or Gordon Brown gave birth or something. . I think this is a shake out myself. The Cable had a difficult time getting above 1.6760 for a short time, and at the same time GJ had a tough time getting above 150.80 for a short time. However for there to be this big of a selloff on both without any news that we as average investors haven't heard about yet leads me to believe that it was low volume and the big dogs are just shaking things out.

Looking for proof that price is going to continue up before I go long...
nice post .....

patience is key .

even move up in markets today looked odd testing years highs ....

vold showed massive amounts of buying $volume coming in in last 1 hour after a little dip

something big maybe coming down the pipe line
Blogging daily now at www.volume.zone
  • #181,923
  • Nov 9, 2009 10:43pm Nov 9, 2009 10:43pm
Quoting malcolmb14
nice post .....

patience is key .

even move up in markets today looked odd testing years highs ....

vold showed massive amounts of buying $volume coming in in last 1 hour after a little dip

something big maybe coming down the pipe line
Well Dow Jones Newswire says the same thing that forexfactory said; a comment out of the blue from Fitch saying England could loose it's AAA rating. This is old news though and could happen but it just seems odd.

That is why I never trade without a stop loss. Anything weird can be said out of the blue, or a terrorist incident.

And Malcolm, thanks for saying it again "Patience is key". If the market isn't proving itself one way or another than stay out.

It ticks me off though along with others I'm sure. The Cable moved it's average daily range for the London session in less than half an hour. The average daily range for the London session is around 120 PIPs for those who aren't aware of that.
  • #181,924
  • Nov 9, 2009 10:43pm Nov 9, 2009 10:43pm
Quoting raz
With the bank holiday coming up. I don't think there is enough volume or luck to push up to the 1.6760-1.6780 before veterens days. This may have to sit and wait till next week. Mid week holidays usually will freeze the volatility for the remaining of this week. Careful not to tie yourself in a high TP position before the holiday.

Got to supprt u there... Goodluck trading Lads.
  • #181,925
  • Nov 9, 2009 10:45pm Nov 9, 2009 10:45pm
Hi Malcomb

Do you think this is the big drop yet, or will they take us higher still before dumping?



Quoting malcolmb14
nice post .....

patience is key .

even move up in markets today looked odd testing years highs ....

vold showed massive amounts of buying $volume coming in in last 1 hour after a little dip

something big maybe coming down the pipe line
  • #181,926
  • Nov 9, 2009 10:48pm Nov 9, 2009 10:48pm
Quoting Forexpreneur
It ticks me off though along with others I'm sure. The Cable moved it's average daily range for the London session in less than half an hour. The average daily range for the London session is around 120 PIPs for those who aren't aware of that.

Why would a move like this tick you off?

or others for that matter?

I love the big moves, who wants to wait half a day for what was made in minutes.

w00t!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,927
  • Nov 9, 2009 10:50pm Nov 9, 2009 10:50pm
Well kiddies, it's been fun.

Gotta grab a few zzzzzzzzz's....

See yaz in the morrow!

Play Safe!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,928
  • Nov 9, 2009 10:54pm Nov 9, 2009 10:54pm
Quoting isguru
Hi Malcomb

Do you think this is the big drop yet, or will they take us higher still before dumping?

no idea .. sorry ...

my gut tells me this is trap down move .. shake out.

I am NOT believing this at all .

If this is the case then forget 1.7000 ... think 1.7350

i have received a really rude Pm tonight about my long term calls .... I am just like the rest of you I make educated guesses based on current charts.

If you are a swing trader then reality is we are in an upwards channel that takes us into 1.7023 / 1/7230 and 1.7500 as potential targets AS LONG AS 1.6500 HOLDS

1.6500 breaks then we see 1.6200 / 1/6000 / 1.5800 tests

Attached Image (click to enlarge)
Click to Enlarge Name: chart1133.png Size: 178 KB
Blogging daily now at www.volume.zone
  • #181,929
  • Nov 9, 2009 10:54pm Nov 9, 2009 10:54pm
Quoting Magix
Why would a move like this tick you off?

or others for that matter?

I love the big moves, who wants to wait half a day for what was made in minutes.

w00t!
If you saw it coming kudos to you I'm interested to learn how. I certainly didn't see it coming. If there was something on my chart that showed a major resistence I would have played it and would have been happy it took less than half and hour. However it seemingly happened out of the blue and me not being able to take advantage of any of it, well I'm ticked off.
  • #181,930
  • Nov 9, 2009 10:56pm Nov 9, 2009 10:56pm
Quoting Forexpreneur
If you saw it coming kudos to you I'm interested to learn how. I certainly didn't see it coming. If there was something on my chart that showed a major resistence I would have played it and would have been happy it took less than half and hour. However it seemingly happened out of the blue and me not being able to take advantage of any of it, well I'm ticked off.

even form vsa perspective 9 time out of 10 you see these moves a mile off ... this came out of no where makes me even more suspicious of it ,

but longs working well with stops in place and half off
Blogging daily now at www.volume.zone
  • #181,931
  • Nov 9, 2009 10:58pm Nov 9, 2009 10:58pm
Morning peeps,

Thanks for some very interesting threads. Waking up to a large move like this shows just how volatile the market can be. Checked volumes on Metatrader and the volume recorded is extremely high! It's only GDP that has been affected USD/EUR and CHF have ignored the massive spike. I'm listening to local news to see if anything is revealed. Exciting time indeed.

Rob
  • #181,932
  • Nov 9, 2009 11:00pm Nov 9, 2009 11:00pm
Quoting malcolmb14

i have received a really rude Pm tonight about my long term calls .... I am just like the rest of you I make educated guesses based on current charts.


Attachment
Sorry to hear that malcolmb. Some people get too cocky and love to see when others are "wrong". All I can say to those people is there is no holy grail. All you can do is put the odds in your favor and there are many ways to do it.

Casinos know you are going to loose. They just don't know when. So they will wine and dine you and keep giving you booze untill you give all your money back and then some. Casinos are wrong over 45% of the time but they do pretty darn good over the long run. We aren't any different if we know how to put odds in our favor.
  • #181,933
  • Nov 9, 2009 11:01pm Nov 9, 2009 11:01pm
Quoting Magix
Why would a move like this tick you off?

or others for that matter?

I love the big moves, who wants to wait half a day for what was made in minutes.

w00t!


Looks like some Dollar is changing Hands... LONG!!
  • #181,934
  • Nov 9, 2009 11:03pm Nov 9, 2009 11:03pm
Quoting Forexpreneur
If you saw it coming kudos to you I'm interested to learn how. I certainly didn't see it coming. If there was something on my chart that showed a major resistence I would have played it and would have been happy it took less than half and hour. However it seemingly happened out of the blue and me not being able to take advantage of any of it, well I'm ticked off.
24 SMA on hourly, my short call is time stamped, have a gander back.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,935
  • Nov 9, 2009 11:03pm Nov 9, 2009 11:03pm
Talking to a friend yesterday, she was suggesting 1.764 and I just couldn't see it, BUT I am supicious of the down move today and with you the KING OF ALL BEARS suspicious too, I'll take heed. About the PM, can't you bar individuals from sending PMs? I'll check with my friend if you want but take no heed of the rud posts on this thread because no ones under any obligation to trade your calls or 'opinions' should I call it; that's what a forum's about that's for people to express what the think and others to choose to agreeor not. Ignore them Id say.

Quoting malcolmb14
no idea .. sorry ...

my gut tells me this is trap down move .. shake out.

I am NOT believing this at all .

If this is the case then forget 1.7000 ... think 1.7350

i have received a really rude Pm tonight about my long term calls .... I am just like the rest of you I make educated guesses based on current charts.

If you are a swing trader then reality is we are in an upwards channel that takes us into 1.7023 / 1/7230 and 1.7500 as potential targets AS LONG AS 1.6500 HOLDS

1.6500 breaks then we see 1.6200 / 1/6000 / 1.5800 tests

Attachment ...
  • #181,936
  • Nov 9, 2009 11:04pm Nov 9, 2009 11:04pm
Quoting Reznik
Looks like some Dollar is changing Hands... LONG!!
200 MA on 1m...SHORT!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,937
  • Nov 9, 2009 11:07pm Nov 9, 2009 11:07pm
Quoting Forexpreneur
If you saw it coming kudos to you I'm interested to learn how. I certainly didn't see it coming. If there was something on my chart that showed a major resistence I would have played it and would have been happy it took less than half and hour. However it seemingly happened out of the blue and me not being able to take advantage of any of it, well I'm ticked off.

U got to learn this the hard way... Must will give U a tip, when they are 50pips to 70pips ahead... While the rest when they are taking profit so beware. U aint learning like this... Kudos if U go it right
  • #181,938
  • Nov 9, 2009 11:09pm Nov 9, 2009 11:09pm
Quoting Reznik
Looks like some Dollar is changing Hands... LONG!!
odd thing is that dx is only 19 cents of yesterdays lows....

it is weakness on gbp that is causing this move ....

and if dx breaks 75 , what is weaker dollar or gbp ?
Blogging daily now at www.volume.zone
  • #181,939
  • Nov 9, 2009 11:09pm Nov 9, 2009 11:09pm
why do i believe this more than i believe the recent relentless bull ??

No way in hell i'm longing this while its come straight back into the consolidation zone of the last few months...

I could make a bold prediction that our earlier bear calls to 1.58 are now back in play ??

Good luck
  • #181,940
  • Nov 9, 2009 11:09pm Nov 9, 2009 11:09pm
Quoting whinos
Fala amigos.

Hello Friends

look this

http://clip2net.com/page/m0/2521280
nice butterflies..... what are the saying. lol
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