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Cable Update (GBPUSD)

  • #222,001
  • Apr 28, 2010 12:55am Apr 28, 2010 12:55am
Quoting forexlion
sometimes its good to sit on the fence

this is why traders loose, cause they try to trade every move

trade only when you are sure about the trend

when in doubt, hell there is plenty of space on the fence
Sitting out is called a position named "no position".
Great Bodies are Engineered not Born
  • #222,002
  • Apr 28, 2010 12:57am Apr 28, 2010 12:57am
Quoting forexlion
wormie

we saw 2 high volume bars on daily

and then a low volume dump yesterday

what does that tell u, what are the pros up to

the buggers sold heavily at the tops
Thanks preet.
I saw yesterday's selling a day in advance as well, didn't need vsa to see it. Just a bunch of lines Just that it overshot my target by about 100 pips lol

Yesterday's charts:
1. http://www.forexfactory.com/showpost...postcount=6321

And as I mentioned earlier, 5170 close is where I draw the line for cable to turn bearish.
Btw, low volume sales are usually bought into correct? And the massive drop did come a day before fomc rates no?

Welp, let's just see how the day closes. Good luck to you
Thank You
  • #222,003
  • Apr 28, 2010 12:59am Apr 28, 2010 12:59am
currently there is plenty of room for a tight 50 pip range ping pong game

so i am not touching cable till i see something worth trading
  • #222,004
  • Apr 28, 2010 1:50am Apr 28, 2010 1:50am
morning!

wouldnt touch the markets this morning, i'll wait for a range to break - and trade the breakout during new york.
  • #222,005
  • Apr 28, 2010 1:52am Apr 28, 2010 1:52am
Quoting wormboy
Thanks preet.
I saw yesterday's selling a day in advance as well, didn't need vsa to see it. Just a bunch of lines Just that it overshot my target by about 100 pips lol

Yesterday's charts:
1. http://www.forexfactory.com/showpost...postcount=6321

And as I mentioned earlier, 5170 close is where I draw the line for cable to turn bearish.
Btw, low volume sales are usually bought into correct? And the massive drop did come a day before fomc rates no?

Welp, let's just see how the day closes. Good luck to you
the way EW charts on Advanced Get are forming for 4 hour and daily

that pattern is only possible if there is a rate hike by FEDUP

so, for that reason i am staying on the fence

there is simply nothing to buy here, no trend

on the contrary we might continue the drop should 5176 get tested and breaks
  • #222,006
  • Apr 28, 2010 1:56am Apr 28, 2010 1:56am
Good morning all,

Whooooosh. Down she goes. Another succesful VSA trade with the trend.

Question:

When trading VSA (or any other volume indi), do 90% of your winners come in the morning also??

Just interested

Good luck to all

Dazzer
  • #222,007
  • Apr 28, 2010 1:58am Apr 28, 2010 1:58am
low volume again

this is speculation, unless i am missing something

MALCOLM GET YOUR BUTT IN HERE AND ADVISE ME

http://img203.imageshack.us/img203/5499/cableg.gif
  • #222,008
  • Apr 28, 2010 2:01am Apr 28, 2010 2:01am
any comments on this chart? all help appriciated...thx
Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 142 KB
  • #222,009
  • Apr 28, 2010 2:03am Apr 28, 2010 2:03am
Quoting forexlion
the way EW charts on Advanced Get are forming for 4 hour and daily

that pattern is only possible if there is a rate hike by FEDUP

so, for that reason i am staying on the fence

there is simply nothing to buy here, no trend

on the contrary we might continue the drop should 5176 get tested and breaks
Hi Forexlion,
I see that as an "effort to move down bar" on the M30. The next few M30 candles should determine the path for the day IMHO.

Good luck

Dazzer
  • #222,010
  • Apr 28, 2010 2:07am Apr 28, 2010 2:07am
Quoting forexlion
low volume again

this is speculation, unless i am missing something

MALCOLM GET YOUR BUTT IN HERE AND ADVISE ME

http://img203.imageshack.us/img203/5499/cableg.gif
Agreed Malcolm's insight needed.
  • #222,011
  • Apr 28, 2010 2:07am Apr 28, 2010 2:07am
Quoting Dazzer
Hi Forexlion,
I see that as an "effort to move down bar" on the M30. The next few M30 candles should determine the path for the day IMHO.

Good luck

Dazzer
Just wondering if my read of the 1 minute green bar was correct in taking that scalp for 2 to 10 pips

advise

http://img717.imageshack.us/img717/1043/cable.gif
  • #222,012
  • Apr 28, 2010 2:14am Apr 28, 2010 2:14am
Quoting forexlion
Just wondering if my read of the 1 minute green bar was correct in taking that scalp for 2 to 10 pips

advise

http://img717.imageshack.us/img717/1043/cable.gif
closed out 5220, 7 green 3 red , 0.01 lots
  • #222,013
  • Apr 28, 2010 2:20am Apr 28, 2010 2:20am
Quoting forexlion
Just wondering if my read of the 1 minute green bar was correct in taking that scalp for 2 to 10 pips

advise

http://img717.imageshack.us/img717/1043/cable.gif
Forexlion,
I take it the "one min green bar" refers to the bar on the Better Vol Indi? If so, then a massive spike up in volatility when prices are at a new low with a very low candle spread would usually indicate strength (its gonna go up). That was a very good example of what looked like buying in the background. However, I would always wait until the closure of the next bar for confirmation, or even better, make your final decision on a higher TF.

Theres lots of falsies on the M1 and its far too fast for me. Not to mention expensive.

Good luck whatever you do

Dazzer
  • #222,014
  • Apr 28, 2010 2:26am Apr 28, 2010 2:26am
sat sri akal bhaji tusi kihra method use karde ho . plz tell mw any method . i am newbie .
  • #222,015
  • Apr 28, 2010 2:28am Apr 28, 2010 2:28am
If we push further down, next support is 1.52 (its been rejected before on 19th April) and then at around 1.5170. This is taken from looking at an H4 chart. S & R is much easier to see on the higher TFs.
Having said that the volume push down on that huge candle on the M15 was lower than the one after it (closed at 08:30 GMT). This would signify strength, but also another fake out. Lets just wait and see. I'm done for the morning session so probably wont take anything ATM.

Good luck

Dazzer
  • #222,016
  • Apr 28, 2010 2:38am Apr 28, 2010 2:38am
Quoting Dazzer
If we push further down, next support is 1.52 (its been rejected before on 19th April) and then at around 1.5170. This is taken from looking at an H4 chart. S & R is much easier to see on the higher TFs.
Having said that the volume push down on that huge candle on the M15 was lower than the one after it (closed at 08:30 GMT). This would signify strength, but also another fake out. Lets just wait and see. I'm done for the morning session so probably wont take anything ATM.

Good luck

Dazzer
The 4hr chart below shows those previous near-term obvious imbalances of demand/supply to which you refer.

G/L

http://i41.tinypic.com/16t7o2.jpg
ex member
  • #222,017
  • Apr 28, 2010 3:07am Apr 28, 2010 3:07am
Greek short selling banned Good luck with that! Greece is a dead man walking! And Portugal -- u are next!
  • #222,018
  • Apr 28, 2010 3:09am Apr 28, 2010 3:09am
Quoting forexlion
i got a better solution

win any competition listed here

and concentrate only on withdrawals, why deposit in forex

Lovely plan Bro... Good day to U'all. Happy pipping?!
  • #222,019
  • Apr 28, 2010 3:32am Apr 28, 2010 3:32am
Quoting free4440273
Greek short selling banned Good luck with that! Greece is a dead man walking! And Portugal -- u are next!
Portugal stocks are pounded. More blood on the streets!
  • #222,020
  • Apr 28, 2010 3:36am Apr 28, 2010 3:36am
Quoting lexazver
today was beautiful (and still is) im 95% sure that by tomorrow NY close we will have tested at least 1.52....
looks like christmas came earlier so to speak... now im not sure where its going to go, next obvious support at 1.5150 will try to scalp some longs from there other than that will wait for significant retrace before shorting again.
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