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Cable Update (GBPUSD)

  • #215,481
  • Apr 9, 2010 2:19pm Apr 9, 2010 2:19pm
Quoting kill56
hey wise man where u been hidding

He been hiding in the voodoo boodoo club with me, digger and ctic
Blogging daily now at www.volume.zone
  • #215,482
  • Apr 9, 2010 2:19pm Apr 9, 2010 2:19pm
Quoting malcolmb14
To be honest Mag .. something is going on . GU printed highest volume of month on 60 min on the dip to 1.5320. I bet gu gaps on Sunday , ES showing the same thing and EU daily is bullish like mad now.

Somehow think that something is cooking on the weekend,. I would NOT be holding sells on the weekend that is for sure.
well thats comforting... I reckon we gonna gap down to 53000 for better buying prices and then shoot further...

Thats what normally happens no?
@pawpaw1000 on Twitter
  • #215,483
  • Apr 9, 2010 2:22pm Apr 9, 2010 2:22pm
Quoting pawpaw1000
AAAH NO! theres no one left...

Cloggs!!! You there???

any advise bro? Will be my 1st gap
do u see a gap on sunday if u do u might put a pending order buy or sell
  • #215,484
  • Apr 9, 2010 2:23pm Apr 9, 2010 2:23pm
Quoting pawpaw1000
thats the Idea, I want to leave a short open and hopefully cash in on 50 - 60 pips sunday evening... I can then trade like you mean on the evening
You are mad! Firstly, the price went down from 80 to 60 because people have been closing their longs they opened up at the start of the day and cashed in, hence the price has come down. This is no sign that the price will continue to go down, so what makes you think in a current uptrend that the price is going down! Come on pawpaw, think straight for a minute! It is Friday evening and the market is about to close. Forget that idea and don't ever think about trading on a Friday night again, because that is complete madness!

EDIT: Unless you know what you are doing and pawpaw, you are a newbie to Forex. Leave the weekend stuff to the pros for now!
  • #215,485
  • Apr 9, 2010 2:23pm Apr 9, 2010 2:23pm
Quoting malcolmb14
He been hiding in the voodoo boodoo club with me, digger and ctic
i know bro
  • #215,486
  • Apr 9, 2010 2:27pm Apr 9, 2010 2:27pm
Quoting pawpaw1000
thats the Idea, I want to leave a short open and hopefully cash in on 50 - 60 pips sunday evening... I can then trade like you mean on the evening
and to top it all here is malcolm's view on it -

Quoting malcolmb14
To be honest Mag .. something is going on . GU printed highest volume of month on 60 min on the dip to 1.5320. I bet gu gaps on Sunday , ES showing the same thing and EU daily is bullish like mad now.

Somehow think that something is cooking on the weekend,. I would NOT be holding sells on the weekend that is for sure.
  • #215,487
  • Apr 9, 2010 2:28pm Apr 9, 2010 2:28pm
Quoting bbakker
You are mad! Firstly, the price went down from 80 to 60 because people have been closing their longs they opened up at the start of the day and cashed in, hence the price has come down. This is no sign that the price will continue to go down, so what makes you think in a current uptrend that the price is going down! Come on pawpaw, think straight for a minute! It is Friday evening and the market is about to close. Forget that idea and don't ever think about trading on a Friday night again, because that is complete madness!
mmm... thought thats how its done...

mmm... ok, I'll leave and do some research on the weekend!

have a good one!
@pawpaw1000 on Twitter
  • #215,488
  • Apr 9, 2010 2:28pm Apr 9, 2010 2:28pm
Quoting bbakker
You are mad! Firstly, the price went down from 80 to 60 because people have been closing their longs they opened up at the start of the day and cashed in, hence the price has come down. This is no sign that the price will continue to go down, so what makes you think in a current uptrend that the price is going down! Come on pawpaw, think straight for a minute! It is Friday evening and the market is about to close. Forget that idea and don't ever think about trading on a Friday night again, because that is complete madness!
I managed to close my dodgy short earlier and make a little profit, but only by scalping a couple of trades. Dangerous I know, but probably less than leaving it over the weekend (which has cost me before!).

Thanks all for your help this week, GL, and lets hope we have a profitable pip week next week whichever way things go.
Back to basics, it has to be for me!
  • #215,489
  • Apr 9, 2010 2:29pm Apr 9, 2010 2:29pm
Quoting kill56
do u see a gap on sunday if u do u might put a pending order buy or sell

why bother ? to much risk

gu moves 140 pip per day ... not enough for you ?

All you need do is wait to see what cooks thru Asia on Sunday .. then enter positions in Frinkie / London

I am sure in no volume time 3 hour before markest when 10 traders are in the market .. 4 of them will be from this forum , and by 3 hours into asia session 3 of them will be complaining about their brokers stop hunting and bad spreads.
Blogging daily now at www.volume.zone
  • #215,490
  • Apr 9, 2010 2:31pm Apr 9, 2010 2:31pm
i dont see a gap down look at fiber its flying dixy below 81. we are going up we might kiss 15400 befor closing i might be wrong

enjoy
  • #215,491
  • Apr 9, 2010 2:32pm Apr 9, 2010 2:32pm
Quoting bbakker
and to top it all here is malcolm's view on it -

why would anyone hold sells on weekend when we have had 2nd day in a row closing close to daily highs and ONLY 20 pip of days range high .

Maybe they were kamikaze pilots in their prior lives .. I can imagine them now sitting at their keyboard with their rising sun headbands on.

Each to their own, but holding sells into weekend when gu closed right at hod almost is just looking for trouble.
Blogging daily now at www.volume.zone
  • #215,492
  • Apr 9, 2010 2:32pm Apr 9, 2010 2:32pm
Quoting BadTradingFi
I managed to close my dodgy short earlier and make a little profit, but only by scalping a couple of trades. Dangerous I know, but probably less than leaving it over the weekend (which has cost me before!).

Thanks all for your help this week, GL, and lets hope we have a profitable pip week next week whichever way things go.
Have a great one! It is my daughter's 4th birthday on Sunday. We have hired out a hall as there are 36 of the little buggers coming and I'm going to have to provide the entertainment.

Phew! Just heard from the missus that we have booked Magic Carl. A lucky escape for me. I'll be in the corner somewhere supping a beer
  • #215,493
  • Apr 9, 2010 2:34pm Apr 9, 2010 2:34pm
Quoting malcolmb14
why bother ? to much risk

gu moves 140 pip per day ... not enough for you ?

All you need do is wait to see what cooks thru Asia on Sunday .. then enter positions in Frinkie / London

I am sure in no volume time 3 hour before markest when 10 traders are in the market .. 4 of them will be from this forum , and by 3 hours into asia session 3 of them will be complaining about their brokers stop hunting and bad spreads.
for me 50pip is cool and i dont leave my son out he have to sleep at home
  • #215,494
  • Apr 9, 2010 2:34pm Apr 9, 2010 2:34pm
Quoting kill56
i dont see a gap down look at fiber its flying dixy below 81. we are going up we might kiss 15400 befor closing i might be wrong

enjoy
dixy above now...
@pawpaw1000 on Twitter
  • #215,495
  • Apr 9, 2010 2:36pm Apr 9, 2010 2:36pm
for gap traders read

http://www.gold2gold.com/webboard/in...p?topic=168.45
  • #215,496
  • Apr 9, 2010 2:37pm Apr 9, 2010 2:37pm
Quoting kill56
for gap traders read

http://www.gold2gold.com/webboard/in...p?topic=168.45
@pawpaw1000 on Twitter
  • #215,497
  • Apr 9, 2010 2:37pm Apr 9, 2010 2:37pm
Quoting pawpaw1000
mmm... thought thats how its done...

mmm... ok, I'll leave and do some research on the weekend!

have a good one!
Remember pawpaw you are a newbie to Forex. Leave the weekend stuff to the pros for now!

Have a great weekend too! I have a 4 day weekend starting now!
  • #215,498
  • Apr 9, 2010 2:37pm Apr 9, 2010 2:37pm
for eur gbp traders check out daily .. interesting reversal pattern setting up
Blogging daily now at www.volume.zone
  • #215,499
  • Apr 9, 2010 2:41pm Apr 9, 2010 2:41pm
Quoting pawpaw1000
dixy above now...
dixy on my screen 80.94 windsor feed
  • #215,500
  • Apr 9, 2010 2:50pm Apr 9, 2010 2:50pm
gj is a buy on 60 min on 100 pip drop to 143.10

High volume on drop and then sideways
Blogging daily now at www.volume.zone
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