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Cable Update (GBPUSD)

  • #182,041
  • Nov 10, 2009 9:09am Nov 10, 2009 9:09am
Decided to take the morning off - walk the dogs - breath some fresh air only find when I return that zipp diddly has changed except for a few more candles going up and down. Hope you guys enjoyed staring at your computer screens for a few hours.
  • #182,042
  • Nov 10, 2009 9:15am Nov 10, 2009 9:15am
The cable is going up now. Can I buy now or I should stay away now.
C, I am online will like to chat with you. Have sent message to you.
  • #182,043
  • Nov 10, 2009 9:17am Nov 10, 2009 9:17am
Quoting tundeakins
The cable is going up now. Can I buy now or I should stay away now.
C, I am online will like to chat with you. Have sent message to you.
I think that if you have to ask, you should prolly sit this dance out.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,044
  • Nov 10, 2009 9:19am Nov 10, 2009 9:19am
Quoting Chumbawunga
Decided to take the morning off - walk the dogs - breath some fresh air only find when I return that zipp diddly has changed except for a few more candles going up and down. Hope you guys enjoyed staring at your computer screens for a few hours.

depends how you trade

gu 70pip , gj 70 pip and es 7 points in 2 hours .... would not call that zipp didly .. about same as some make in a month
Blogging daily now at www.volume.zone
  • #182,045
  • Nov 10, 2009 9:22am Nov 10, 2009 9:22am
Quoting tundeakins
The cable is going up now. Can I buy now or I should stay away now.
C, I am online will like to chat with you. Have sent message to you.
buy on dip like one we got in asia is best (150 pip up since then and climbing )

buying here is not for someone that has to ask if they should , although i did bu at 1.6710 due to low volume test on 5 min with 15 pip stops

but my target is only 25 pip to 50 pip
Blogging daily now at www.volume.zone
  • #182,046
  • Nov 10, 2009 9:28am Nov 10, 2009 9:28am
Quoting malcolmb14
depends how you trade

gu 70pip , gj 70 pip and es 7 points in 2 hours .... would not call that zipp didly .. about same as some make in a month
My hat off to you sir, you rode the elevators well - and all I got was fresh air - story of my life.
  • #182,047
  • Nov 10, 2009 9:28am Nov 10, 2009 9:28am
Quoting tundeakins
The cable is going up now. Can I buy now or I should stay away now.
C, I am online will like to chat with you. Have sent message to you.

hi tundeakin

i think you can do scrapping since 1h/4h/ uptrand-

suggest BUY
  • #182,048
  • Nov 10, 2009 9:31am Nov 10, 2009 9:31am
Tundeakin and others, we are in the US session on a day that is proving a little difficult for some. I would suggest taking a step back today, now, and enter again tomorrow. No sense trying to get rid of the itch to trade when not convinced of conviction of the trade.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #182,049
  • Nov 10, 2009 9:35am Nov 10, 2009 9:35am
GU nudging the DP and just above, a fib at 1.67419. May halt here.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #182,050
  • Nov 10, 2009 9:40am Nov 10, 2009 9:40am
Fib level just below DP. Opps...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #182,051
  • Nov 10, 2009 9:42am Nov 10, 2009 9:42am
Quoting 45Condor
Tundeakin and others, we are in the US session on a day that is proving a little difficult for some. I would suggest taking a step back today, now, and enter again tomorrow. No sense trying to get rid of the itch to trade when not convinced of conviction of the trade.
Amen bro spoken like a true prophet. Scalping can be done but at the risk of being headless after the event.
Heard some did good 2day but me, I stayed out, too much of a lottery for an old boy like me.
Tomorrow is another day - unless ofcourse something exiciting happens in which case I will keep one eye on the screen and the other on my alcohol consumption.
  • #182,052
  • Nov 10, 2009 9:47am Nov 10, 2009 9:47am
Quoting Chumbawunga
My hat off to you sir, you rode the elevators well - and all I got was fresh air - story of my life.

fresh air and exercise better than sitting here getting fatter ....lol
Blogging daily now at www.volume.zone
  • #182,053
  • Nov 10, 2009 9:48am Nov 10, 2009 9:48am
methinks, judgiing from previous daily swings the max this baby can rise today is 67660
  • #182,054
  • Nov 10, 2009 9:50am Nov 10, 2009 9:50am
Just got back from a month of holiday in India, and then some joker in the office flew me out to Taiwan yesterday, so missing the air of Loire Atlantique. Have another 4 weeks here before I can seriously start to clean the lungs out... well, providing I don't kill myself smoking at the screen each evening. LOL
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #182,055
  • Edited 12:48pm Nov 10, 2009 9:53am | Edited 12:48pm
Hi All.

I began to read this thread because of the volume of activity. My hope was to gain some understanding - for that which might be hidden in the charts bars.

I suppose my timing was not the best as there was a ego based war going on. I suggest that once one is in that state of mind, there is a greater probability of being picked off by the market because one is vested in being right as opposed to making money.

Things to remember or consider.

The trades you are able to view are those of your broker and not that of the market. Therefore any price action or volume study is skewed to the action of the clients of that broker. There are some consolidated data feeds which would be more accurate or have a larger number of sources providing information, however it is my opinion that the true price action and volume of a move is hidden and the information not accurate.

The greed and fear of the liquidity providers cause them in most cases to be closely priced. Those that are not, have some type of market data or trading controls in place to shift the odds in their favor so that they can take advantage of the misinformation and prevent the client from doing the same.

Most forex traders or investors that open accounts loose.

Most market makers or forex liquidity providers make profits.

The largest liquidity providers move huge positions for clients that have a need or a huge re-balancing of risk. When a massive spike take place, it is as a result of price levels being taken out by the vast size of the transaction being carried out quickly. There are exceptions to this on a broker level.

When you trade, who buys the position your selling or sells you the position your buying?

Price does not move because of news. Price moves because of buying or selling. The only thing that news produces in most cases is a wider spread.

Good luck, BR
  • #182,056
  • Nov 10, 2009 10:01am Nov 10, 2009 10:01am
Question as i am short and staring at my charts drawing lines etc. on a 30 minute chart is there a pennant forming from 11-5? Bullish sign on a run to 70? Any thoughts?
  • #182,057
  • Nov 10, 2009 10:02am Nov 10, 2009 10:02am
Quoting Big1red9
Hi All.

I began to read this thread because of the volume of activity. My hope was to gain some understanding - for that which might be hidden in the charts bars.

I suppose my timing was not the best as there was a ego based war going on. I suggest that once one is in that state of mind, there is a greater probability of being picked off by the market because one is vested in being right as opposed to making money.

Things to remember or consider.

The trades you are able to view are those of your broker and not that of the market. Therefore...
best statement i have seen in a long time
Blogging daily now at www.volume.zone
  • #182,058
  • Nov 10, 2009 10:27am Nov 10, 2009 10:27am
@ current, I would consider this a good bye zone...

IF you buy now, you can kiss your money Good Bye!

Go bears!

2 lots short...
1.6740
1.6737

S/L set to even.

Please play with caution!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,059
  • Nov 10, 2009 10:28am Nov 10, 2009 10:28am
Quoting malcolmb14
best statement i have seen in a long time
That's coz I haven't posted

Yes ego is an awful encumbrance......

Oh dear I never learn - 80% of the world does not understand irony - they thinks it's like aluminiumy

Anyway back to the shop - I am long

and I am out of stocks - hopefully for a short time - a week or so
  • #182,060
  • Nov 10, 2009 10:32am Nov 10, 2009 10:32am
Quoting Magix
@ current, I would consider this a good bye zone...

IF you buy now, you can kiss your money Good Bye!

Go bears!

2 lots short...
1.6740
1.6737

S/L set to even.

Please play with caution!
I hope you are right my friend i m on the same train. Just looking over the landscape and surveying the scene
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