USDX chart.
bounce expected.
bounce expected.
Attached Image (click to enlarge)
Cable Update (GBPUSD)
- #189,205
- Dec 23, 2009 11:48pm Dec 23, 2009 11:48pm
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
This time we are in agreement mate.
Am putting on a small buy too.
...nice call we had. My AudUsd buy playing well too, on cable if today we get a 1.60 close we must hold it! 
Buy 1.60 breakout, if closes above hold!Like the chart?
TG how are you mate?
Merry Xmas and a Happy New to you to my friend.
....right now everything is going in the right direction 
"Hate the sin, love the sinner." - Gandhi
- #189,208
- Dec 24, 2009 12:03am Dec 24, 2009 12:03am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
gabrial,
do you think pound will hold up and move towards 1.61. i am a new trader and so confused weather to short here or buy here. ur advice is appreciated. thanks.
I think will hold up, I've just bought at 1.59905, what we need for Cable to stay bullish for next days is just a close of the daily candle above 1.60.
If you want to buy we're in the same boat, but I can tell you right now is no time to sell.
If you want to wait, just buy if breaks 1.60.
"Hate the sin, love the sinner." - Gandhi
- #189,210
- Dec 24, 2009 12:16am Dec 24, 2009 12:16am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
thanks.
i am now understanding why people are saying go with the trend and seems like trend changes pretty quick. thanks for the advice sir.
"Hate the sin, love the sinner." - Gandhi
- #189,211
- Edited 12:32am Dec 24, 2009 12:27am | Edited 12:32am
I personally think that it is a great time to sell. The trend is still down until we get a solid close above 1.6020 or so and you get a MUCH better risk reward right now or maybe even better in the next hour or two.
The indicators are starting to come up off the bottom from being oversold now but they will do that, and needed to, in order to give more downside room.
Most likely it will just range again tonight so who knows
Oh and one more thing to mention, during very thin volume key levels mean much less as there is not enough volume to hold them, so look for false breaks either way.
Shawn
The indicators are starting to come up off the bottom from being oversold now but they will do that, and needed to, in order to give more downside room.
Most likely it will just range again tonight so who knows
Oh and one more thing to mention, during very thin volume key levels mean much less as there is not enough volume to hold them, so look for false breaks either way.
Shawn
- #189,212
- Dec 24, 2009 12:32am Dec 24, 2009 12:32am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #189,213
- Dec 24, 2009 12:32am Dec 24, 2009 12:32am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #189,214
- Dec 24, 2009 12:45am Dec 24, 2009 12:45am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
thanks.
i am now understanding why people are saying go with the trend and seems like trend changes pretty quick. thanks for the advice sir.
trend on a 5 min may have changed ....but this 2 sd linear regression channel put things in perspective
also note the volumes .... last 18 hours there is NO ONE in the market .. think the market will behave rationally ?
yes some may make money but to me this , form yesterday thru today and into tuesday of next week chances of losing money on a trade have multiplied by 200 %
Blogging daily now at www.volume.zone
- #189,216
- Dec 24, 2009 12:51am Dec 24, 2009 12:51am
- Joined Aug 2008 | Status: Trader | 3,976 Posts
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #189,218
- Dec 24, 2009 1:01am Dec 24, 2009 1:01am
- Joined Aug 2008 | Status: Trader | 3,976 Posts
let try here..sell 1.5995 sl 1.6000 sl open
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #189,219
- Dec 24, 2009 1:02am Dec 24, 2009 1:02am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
Move your stops to BE , bought. If closes above 1.60 @daily will hold.
, bought. If closes above 1.60 @daily will hold.
"Hate the sin, love the sinner." - Gandhi
