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Cable Update (GBPUSD)

  • #208,381
  • Mar 21, 2010 6:57pm Mar 21, 2010 6:57pm
Quoting RChio
Good Image... Hope we're both right!
scalping is great

here is my chart

Friday low = 1/4989 , Friday close 1.5013

As price is under Fridays close I have been selling off close. Not buying off low. Just seems a safer play and a rule that has served me well.

Also we are way under the lower value area of Fridays still at 1.5030. This is the zone that I will be looking to scalping longs from if we get a close above that.

Just a pointer for you , you seem to be taking longs only not playing both sides or even just sell side as price is under Fridays close.

ES gapped down 10 points at Sunday open .. really odd. I have not seen that for a while. and with the engulfing on dj daily we could be seeing downward pressure in the dj early this week . This may take GU down wards

Attached Image (click to enlarge)
Click to Enlarge Name: chart2005.png Size: 186 KB
Blogging daily now at www.volume.zone
  • #208,382
  • Mar 21, 2010 7:05pm Mar 21, 2010 7:05pm
Quoting malcolmb14
scalping is great

here is my chart

Friday low = 1/4989 , Friday close 1.5013

As price is under Fridays close I have been selling off close. Not buying off low. Just seems a safer play and a rule that has served me well.

Also we are way under the lower value area of Fridays still at 1.5030. This is the zone that I will be looking to scalping longs from if we get a close above that.

Just a pointer for you , you seem to be taking longs only not playing both sides or even just sell side as price is under Fridays close.

[b]ES gapped down 10...
My thinking is if this Health Care passes ES will sell off, and this little gap down is our clue. It's gonna kill insurance companies profits and with this fairly good run up and the close below that high from Jan. (Dow) things are not looking like an up week for the Equities.

This of course will bring power to the trend moves on GU and EU also.
  • #208,383
  • Mar 21, 2010 7:40pm Mar 21, 2010 7:40pm
GU up if health care passes. next 6 minutes.
Its all in the mind.
  • #208,384
  • Mar 21, 2010 7:53pm Mar 21, 2010 7:53pm
US Health Bill has passed... time to see how it affects the rest of the world....
Don't be emo... don't be emo....
  • #208,385
  • Mar 21, 2010 8:04pm Mar 21, 2010 8:04pm
How does health bill affect this GU?

It is not written in Calendar or news in FF.
Smile Chankl78
  • #208,386
  • Mar 21, 2010 8:04pm Mar 21, 2010 8:04pm
Quoting drakes
US Health Bill has passed... time to see how it affects the rest of the world....
Seems to have no effect. Think will have to wait till the London open to get a sense of direction...
  • #208,387
  • Mar 21, 2010 8:21pm Mar 21, 2010 8:21pm
Well,

Just got out of my shorts for about 12 pip profit... nothing impressive but atleast in the right direction.

Will look to see what the market offers otherwise will wait for the London Market to open.

Cheers,
R
  • #208,388
  • Mar 21, 2010 8:33pm Mar 21, 2010 8:33pm
Quoting 5abi
GU up if health care passes. next 6 minutes.
Hi Dude,

Looks like if your direction was correct it was already priced in the market price before the announcement.

Hopefully you didn't get burnt.

Cheers,
R
  • #208,389
  • Mar 21, 2010 8:45pm Mar 21, 2010 8:45pm
Bears on the move once more...
Don't be emo... don't be emo....
  • #208,390
  • Mar 21, 2010 8:52pm Mar 21, 2010 8:52pm
Quoting drakes
Bears on the move once more...
Strange... any news behind it? it just plummeted 50 pips, took a long scalp at 1.4948 looking to get out soon though...
  • #208,391
  • Mar 21, 2010 8:57pm Mar 21, 2010 8:57pm
Quoting drakes
Bears on the move once more...
Well, I could be wrong, but this Bear move just now could be just a minority reaction. I expect it to end up higher than where it is now i.e. closer to 1.50 level or slightly above.

Like I said, I could be totally wrong but am expecting a swing back and have my money on (or in) it.

Cheers,
R
  • #208,392
  • Mar 21, 2010 9:00pm Mar 21, 2010 9:00pm
traders the 1st 2 posts on this page gave a good clue wht to be watching for , good information to give a few thoughts too.
  • #208,393
  • Mar 21, 2010 9:01pm Mar 21, 2010 9:01pm
Yup, I know what you mean... am waiting to see how the market moves once London starts for a clearer direction....
Don't be emo... don't be emo....
  • #208,394
  • Mar 21, 2010 9:03pm Mar 21, 2010 9:03pm
Quoting Bitstream
Strange... any news behind it? it just plummeted 50 pips, took a long scalp at 1.4948 looking to get out soon though...
Long scalp closed for 5 pips... i really think I should hold my guns for the London open though...
  • #208,395
  • Mar 21, 2010 9:09pm Mar 21, 2010 9:09pm
Looks like some short PROFIT TAKING happening now...

Cheers,
R
  • #208,396
  • Mar 21, 2010 9:14pm Mar 21, 2010 9:14pm
Quoting RChio
Looks like some short PROFIT TAKING happening now...

Cheers,
R
yup also likely buyers at 1.4945 hoping to catch a bottom ...r u one of them ?
Blogging daily now at www.volume.zone
  • #208,397
  • Mar 21, 2010 9:16pm Mar 21, 2010 9:16pm
Quoting malcolmb14
yup also likely buyers at 1.4945 hoping to catch a bottom ...r u one of them ?
Yeah only small lots though... but in position to see if price can rise up to open price.

Cheers,
R
  • #208,398
  • Mar 21, 2010 9:24pm Mar 21, 2010 9:24pm
Cable 4 hour

lil more down then bounce up, then down again

just be careful with the shorts cause of the possible 3 to 4 pattern on 4 hour

http://img692.imageshack.us/img692/2231/10127724.jpg
  • #208,399
  • Mar 21, 2010 9:37pm Mar 21, 2010 9:37pm
rooom i realy mad i told u to wake me up when the cable breaks 14950
  • #208,400
  • Mar 21, 2010 9:40pm Mar 21, 2010 9:40pm
Quoting forexlion
Cable 4 hour

lil more down then bounce up, then down again

just be careful with the shorts cause of the possible 3 to 4 pattern on 4 hour

http://img692.imageshack.us/img692/2231/10127724.jpg
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