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Cable Update (GBPUSD)

  • #194,661
  • Jan 20, 2010 6:57pm Jan 20, 2010 6:57pm
Quoting damonl
Hey CT -

I wouldn't really call it a method. It is pretty fluid and for the most part can sit at my computer and within a few minutes dicide if I should go long short or stay out. It is not like I am waiting for lines to cross to enter, or RSI to be above 50 or something like that.

I do have a few rules I can pass on to you though.

1. For the most part I only trade in the direction of the 55, 100 and 200 SMA. This is not always true and depends on their relationship with each other.

2. When the 100 and 200 are at a minimum of 10 pips apart,...
Thanks buddy! I think that gives me a good start to try it on demo. Some practice should give me the necessary experience and the "non-verbal" feel.

GL scalping.
  • #194,662
  • Jan 20, 2010 6:58pm Jan 20, 2010 6:58pm
Quoting Magix
Break out????

Right @ resistance near as I got it figured.
Yeah...that's kinda what I thought would happen...Quick 22 x 2 for me...thank you very much!


Support.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,663
  • Jan 20, 2010 7:03pm Jan 20, 2010 7:03pm
mal did u flip the coin or not yet
  • #194,664
  • Jan 20, 2010 7:03pm Jan 20, 2010 7:03pm
Quoting malcolmb14
I think he made 5 pip on that trade ... lol

I will wait for china news to pass . by then it will be in my sell zone 1.6320 , already on that up move we saw highest volume in last 6 hours = hidden sellers , I have taken half order sell , stop above 1.6330

only half position but half off and stop be other half ...

if i had of had full position I could have hahd fries with my Big Mac ... darn

Blogging daily now at www.volume.zone
  • #194,665
  • Jan 20, 2010 7:06pm Jan 20, 2010 7:06pm
gu should bounce off 200ma
  • #194,666
  • Jan 20, 2010 7:06pm Jan 20, 2010 7:06pm
Quoting Magix
Yeah...that's kinda what I thought would happen...Quick 22 x 2 for me...thank you very much!


Support.

u are the man
  • #194,667
  • Jan 20, 2010 7:06pm Jan 20, 2010 7:06pm
Quoting bonus76
Potential short on gu at 6357
some one just got a jackpot....,

i hope before lunch it's already happen...,



happy trading to all....,
I will be the number one Manager.
  • #194,668
  • Jan 20, 2010 7:12pm Jan 20, 2010 7:12pm
Quoting malcolmb14
only half position but half off and stop be other half ...

if i had of had full position I could have hahd fries with my Big Mac ... darn

half better than nothing bro enjoy the big mac
  • #194,669
  • Jan 20, 2010 7:12pm Jan 20, 2010 7:12pm
nice trade for eu all we have to do is wait ..30 min chart eu passes back down thru HMA ( setting 20 ) and hma turns red sell it with stop 5 pip above the high of the bar that went thru the hma

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Blogging daily now at www.volume.zone
  • #194,670
  • Edited 7:24pm Jan 20, 2010 7:12pm | Edited 7:24pm
Morning all ! My plan today only short, waiting for a little up. Will short surrounding 1.6304 --> DP Today 7.00 AM - GMT + 7 (Drop 70 pips from DP Yesterday after 3 weeks bullish) . I don't see any probably broken DP Today on H4 ! But if broken I will reconsider my plan !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,671
  • Jan 20, 2010 7:14pm Jan 20, 2010 7:14pm
Quoting Magix
Break out????

Right @ resistance near as I got it figured.

Depends what you are breaking out...I have given it a new definition

P.S. while I was getting pizza I as set for the move back for more pips.

you guys study charts all day, I just trade
"Keep your eyes on the helpers" - Mr. Rogers
  • #194,672
  • Jan 20, 2010 7:15pm Jan 20, 2010 7:15pm
Where will the pair go if chinas news turns out to be positive ??



Quoting malcolmb14
I think he made 5 pip on that trade ... lol

I will wait for china news to pass . by then it will be in my sell zone 1.6320 , already on that up move we saw highest volume in last 6 hours = hidden sellers , I have taken half order sell , stop above 1.6330
  • #194,673
  • Jan 20, 2010 7:15pm Jan 20, 2010 7:15pm
Quoting malcolmb14
I think he made 5 pip on that trade ... lol

I will wait for china news to pass . by then it will be in my sell zone 1.6320 , already on that up move we saw highest volume in last 6 hours = hidden sellers , I have taken half order sell , stop above 1.6330
Actually 20, and then 10 back...couldn't you tell the GU would go no farther and come back...I could
"Keep your eyes on the helpers" - Mr. Rogers
  • #194,674
  • Jan 20, 2010 7:16pm Jan 20, 2010 7:16pm
Quoting acereto
Where will the pair go if chinas news turns out to be positive ??

who knows ..1.6360 someone mentioned...

gu can also move 400 pip up for no reason it seem these days ...lol


stops are a must and good mm
Blogging daily now at www.volume.zone
  • #194,675
  • Jan 20, 2010 7:18pm Jan 20, 2010 7:18pm
Quoting damonl
Depends what you are breaking out...I have given it a new definition

P.S. while I was getting pizza I as set for the move back for more pips.

you guys study charts all day, I just trade
Sniff sniff sniff....

What's that I'm smelling....

Best get the hip waders, Bullshit getting a little deep now....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,676
  • Jan 20, 2010 7:22pm Jan 20, 2010 7:22pm
Slightly weakness on gu
http://www.screencast.com/users/bonu...a-1b09daabbdd5
  • #194,677
  • Jan 20, 2010 7:23pm Jan 20, 2010 7:23pm
so if its positive its bad for the us economy ?? oops i thought i was the other way around.. good thing i asked.. thanks



Quoting malcolmb14
who knows ..1.6360 someone mentioned...

gu can also move 400 pip up for no reason it seem these days ...lol


stops are a must and good mm
  • #194,678
  • Jan 20, 2010 7:32pm Jan 20, 2010 7:32pm
Quoting damonl
Actually 20, and then 10 back...couldn't you tell the GU would go no farther and come back...I could
Is that one of those "non-verbal" things?

Seriously, can you try to explain it in best possible words what made you think that it would go no farther? I had my sell sitting at 6321. Didn't even make near to it.

Also, would that make for an exit strategy in your scalping method?

Thanks,
CT
  • #194,679
  • Jan 20, 2010 7:34pm Jan 20, 2010 7:34pm
Quoting acereto
so if its positive its bad for the us economy ?? oops i thought i was the other way around.. good thing i asked.. thanks

+ve may take china up ...

china moving up has taken asia up
asia up mean usd weak for this session and reatrce for maybe selling in London ...or not

as mentioned there has been a ton of buyer 1.6260 on gu earlier today at end London session . We have to break thru that in a proper volume session like LOndon or london / us overlap
Blogging daily now at www.volume.zone
  • #194,680
  • Jan 20, 2010 7:41pm Jan 20, 2010 7:41pm
china GDP in 20 mints
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