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Cable Update (GBPUSD)

  • #184,241
  • Nov 20, 2009 10:29am Nov 20, 2009 10:29am
At least reversed up to 1.6571/90, I'll long at a dip !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,242
  • Nov 20, 2009 10:38am Nov 20, 2009 10:38am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Can't say about selling but guess we are done buying for the day.



Quoting manize
At least reversed up to 1.6571/90, I'll long at a dip !
  • #184,243
  • Nov 20, 2009 10:48am Nov 20, 2009 10:48am
Quoting omiunu
please can someone enlighten me on hw far this is going to retrace b4 it continues southbound
6520 I hope !

I live on hope, I trade on hope -

But there is whiff of fear in the air generally and that should be worth a bit more south bound I guess

cheap GBP /euro shares are yummy

UK govt been selling 1 year bonds at 4% - they had to withdraw em Friday as they were swamped - got mine though.

Either they are desperate for cash or they have a view on fwd interest rates
  • #184,244
  • Nov 20, 2009 10:53am Nov 20, 2009 10:53am
It is Friday afternoon but I will try again

Peter
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Jesus Christ is my only Lord !
  • #184,245
  • Nov 20, 2009 11:12am Nov 20, 2009 11:12am
Happy Trading 2all......See ya on monday. Successful day 4me. Thank God.
  • #184,246
  • Nov 20, 2009 11:44am Nov 20, 2009 11:44am
WAIT!! I see the setup.

LMAO

Quoting w4rrenminded
Attachment

Have a nice rest on weekend f0lks
  • #184,247
  • Nov 20, 2009 11:47am Nov 20, 2009 11:47am
you guys remeber this chart I posted yesterday and one fellow was confused baout waves ?

this is that same chart 12 hours later

the power of fibs

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Blogging daily now at www.volume.zone
  • #184,248
  • Nov 20, 2009 11:50am Nov 20, 2009 11:50am
Quoting malcolmb14
you guys remeber this chart I posted yesterday and one fellow was confused baout waves ?

this is that same chart 12 hours later

the power of fibs

Attachment
Mal can u check Advanced get for e/u wave on daily i expected 1.37xx
  • #184,249
  • Nov 20, 2009 11:56am Nov 20, 2009 11:56am
Quoting ams
Can't say about selling but guess we are done buying for the day.
I am flat now, semms like doesn't have power break 1.6529, I am out, happy trading all.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,250
  • Nov 20, 2009 12:00pm Nov 20, 2009 12:00pm
Quoting egkid
Mal can u check Advanced get for e/u wave on daily i expected 1.37xx
not at home computer .. but here is my wave count ....

assuming daily wave 2 is complete ...1.37xx makes perfect sense

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Blogging daily now at www.volume.zone
  • #184,251
  • Nov 20, 2009 12:04pm Nov 20, 2009 12:04pm
Quoting malcolmb14
not at home computer .. but here is my wave count ....

assuming daily wave 2 is complete ...1.37xx makes perfect sense

Attachment
Thank you bro
You always great help,I feel more trust when we are on same line
  • #184,252
  • Nov 20, 2009 12:16pm Nov 20, 2009 12:16pm
Quoting egkid
Thank you bro
You always great help,I feel more trust when we are on same line

remember though the market is very dynamic .....in theory the waves should work and based on weekly charts i see large weakness in US stock markets .....

that weakness may not play out till q1 / q2 next year though

Thanksgiving week next week in the US. By Wednesday US trading volumes will be thin and this can provide huge volatility for day trading
Blogging daily now at www.volume.zone
  • #184,253
  • Nov 20, 2009 12:20pm Nov 20, 2009 12:20pm
Quoting malcolmb14
remember though the market is very dynamic .....in theory the waves should work and based on weekly charts i see large weakness in US stock markets .....

that weakness may not play out till q1 / q2 next year though

Thanksgiving week next week in the US. By Wednesday US trading volumes will be thin and this can provide huge volatility for day trading
I just finish my weekly chart for g/u - e/u and us index and put my tp and average time will be till q1

Thank you mal
  • #184,254
  • Nov 20, 2009 12:23pm Nov 20, 2009 12:23pm
1.6532 will have to do, Short since then. Nice bounce off the Daily UTL. Yea, Malc, 2650 is not far away now. Could be a down week coming up. Been trying to watch your style with volume and watched the 2 candle drop last night on low volume. Picked the small bottom and traded it up then down on the bounce off the DTL.....Nice. Best week ever at 18% on the account.



Jim ( Hard1head1 )

Quoting Nene
Now possibly back up to 6540 then down some more.

Jim ( Hard1head1 )
  • #184,255
  • Nov 20, 2009 12:39pm Nov 20, 2009 12:39pm
Quoting Nene
1.6532 will have to do, Short since then. Nice bounce off the Daily UTL. Yea, Malc, 2650 is not far away now. Could be a down week coming up. Been trying to watch your style with volume and watched the 2 candle drop last night on low volume. Picked the small bottom and traded it up then down on the bounce off the DTL.....Nice. Best week ever at 18% on the account.



Jim ( Hard1head1 )

15 min has been insane to trade off this week

been a solid week for me also this week ....

volume is the ONLY way to trade this market in my mind ... 7 years in game .. tried everything broike even at best , then last 2 years after being introduced to vsa it has been lift off ... rarely have a losing week .. still have them when the mind gets all funky on me and i start to overthink things and ignore what the charts are telling me

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Blogging daily now at www.volume.zone
  • #184,256
  • Nov 20, 2009 12:44pm Nov 20, 2009 12:44pm
trading gold this week using that same set with vsa , hma and high volume pivots would have been INSANELY easy

Quoting malcolmb14
15 min has been insane to trade off this week

been a solid week for me also this week ....

volume is the ONLY way to trade this market in my mind ... 7 years in game .. tried everything broike even at best , then last 2 years after being introduced to vsa it has been lift off ... rarely have a losing week .. still have them when the mind gets all funky on me and i start to overthink things and ignore what the charts are telling me

Attachment
Blogging daily now at www.volume.zone
  • #184,257
  • Nov 20, 2009 12:46pm Nov 20, 2009 12:46pm
Quoting malcolmb14
15 min has been insane to trade off this week

been a solid week for me also this week ....

volume is the ONLY way to trade this market in my mind ... 7 years in game .. tried everything broike even at best , then last 2 years after being introduced to vsa it has been lift off ... rarely have a losing week .. still have them when the mind gets all funky on me and i start to overthink things and ignore what the charts are telling me

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May I ask Mal,
for how long have You been using maket profile and what is the main use for You ( in short and simple words)

Thank You
Peter
Jesus Christ is my only Lord !
  • #184,258
  • Nov 20, 2009 12:48pm Nov 20, 2009 12:48pm
really i do not htink that there is much reason to be bullish till this thing hit 1.6000

unless something changes on the daily... those trying to trade long are counter trend trading and stand more chance of taking losses , so the risk on long trades has to be managed better .

I will take longs when they present themselves , but with half position of sells right now and with tighter stops

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Blogging daily now at www.volume.zone
  • #184,259
  • Nov 20, 2009 12:48pm Nov 20, 2009 12:48pm
Quoting goodwings
Happy Trading 2all......See ya on monday. Successful day 4me. Thank God.
Great.
Me too +400 pip.
  • #184,260
  • Nov 20, 2009 12:56pm Nov 20, 2009 12:56pm
Quoting malcolmb14
really i do not htink that there is much reason to be bullish till this thing hit 1.6000

unless something changes on the daily... those trying to trade long are counter trend trading and stand more chance of taking losses , so the risk on long trades has to be managed better .

I will take longs when they present themselves , but with half position of sells right now and with tighter stops

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Agree bro
I use ECN broker does the vol will be usefully or it will show broker vol?
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