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Cable Update (GBPUSD)

  • #229,661
  • Jun 3, 2010 8:55am Jun 3, 2010 8:55am
Sorry Malc. I had a bad day yesterday and lost quite a bit...... Couldnt find my as with both hands....

Jim

Quoting malcolmb14
everyone in this forum always makes money ... odd

I like posting in here , a mere mortal like me rubbing shoulders with so many billionaires that takes tons of money out of the market everyday with no losses.
  • #229,662
  • Jun 3, 2010 8:58am Jun 3, 2010 8:58am
Quoting cloggie
Both, put up a 150 on M30 and you can see why, and it was last nights swing low, pretty easy to call really, it was not going to come all the way down here without testing those especially as the day's open proved so stubborn earlier in the day.
last night it colaborate with 200 sma so thats why i call twice...
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Verily, in every difficulties there is relief
  • #229,663
  • Jun 3, 2010 8:58am Jun 3, 2010 8:58am
Sometimes I think the brokers put guys like that in here just to piss ya off. By the way, that was tuesday I had that bad day. Yesterday I got that piece of cake....LOL Getting my days mixed up.
  • #229,664
  • Jun 3, 2010 8:59am Jun 3, 2010 8:59am
Quoting malcolmb14
everyone in this forum always makes money ... odd

I like posting in here , a mere mortal like me rubbing shoulders with so many billionaires that takes tons of money out of the market everyday with no losses.

i wish we do that all the time its crazy market u make and it take after all what count is the end of the week or month
bro we had really bad times still maken it up the lose was t huge to recover in a short time u know what i am talking about u have been there
  • #229,665
  • Jun 3, 2010 9:03am Jun 3, 2010 9:03am
Quoting a2xm
Hi kill,

Now GU is just the same like yesterday. 20ema cross 50ema below H3. are we going to L3 as well today?

Bought EU 3 times on H4 and loss all I thought it going to H5. Did I read the cams correctly?

cams are like everything else. They are lines in the sand

try and consider different time frames . I often flick back and forth 30 to 15 to 5 . for example right now i see stopping vol gu 15 , but hma is still down on a 21 and we are under dp.

On the 30 min eu we saw large wicks on top of the candles. and the hulls 21 turned down. These 30 min candles on effort to rise had high volume associated with them . This indicates selling when the candle closes off the highs ... this indicates weakness in the market when you were trying to go long , and kind of 'I have to wait and see what happens here' , or weakness is appearing wait to go short under H3 with stop above r1.


right now on this 15 min we see a doji forming off the dp , and with high volume , this indicates buyers have entered the market and any sellers may want to think about taking profit.

something to consier in the futures. If pros want higher prices at a resistance level they will rapidly mark up price thru that level. What this does is lock in traders that would other wise be taking profit at this level. If , as in when you were trying to get a long on h4 , price stalls 4 or 5 times on a 15 min chart , means that pros are not interested in higher prices.

watch next time a resistance line is broken ... how price is marked thru it rapidly , then often price will meander back to it on low volume , testing it . This would be your entry . NEVER buy or sell on the 1st breakout as it may be false , always wait for the test

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Blogging daily now at www.volume.zone
  • #229,666
  • Jun 3, 2010 9:07am Jun 3, 2010 9:07am
it is rather funny how many billionaires we have in this forum, calling every trade almost to the pip lol
  • #229,667
  • Jun 3, 2010 9:08am Jun 3, 2010 9:08am
Quoting Nene
Sorry Malc. I had a bad day yesterday and lost quite a bit...... Couldnt find my as with both hands....

Jim
respect ... and sorry to hear of your losses.

I was being a little sarcastic on how everyone always makes hundreds of pip in this forum everyday while a mere mortal like me that has been trading for 7 years and has more knowledge than most squeaks out a mere 35 pip a day on average and that is if i am lucky.
Blogging daily now at www.volume.zone
  • #229,668
  • Jun 3, 2010 9:09am Jun 3, 2010 9:09am
good place to cover shorts imho @610

I sense the mother of all squuuuuuueeeeeze coming
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Thank You
  • #229,669
  • Jun 3, 2010 9:13am Jun 3, 2010 9:13am
Quoting wormboy
good place to cover shorts imho @610

I sense the mother of all squuuuuuueeeeeze coming
Our chrystal balls seem to be in tune today.
  • #229,670
  • Jun 3, 2010 9:14am Jun 3, 2010 9:14am
Quoting cloggie
Both, put up a 150 on M30 and you can see why, and it was last nights swing low, pretty easy to call really, it was not going to come all the way down here without testing those especially as the day's open proved so stubborn earlier in the day.
Usually avoid M30 due to "reversible" signals, but have to take a look again since you make it sound so EASY. Sure easy or you make it Easy ? Good insights ! Cheers.
  • #229,671
  • Jun 3, 2010 9:15am Jun 3, 2010 9:15am
Just look and see the names. That will tell you, names come and go in this forum but only a few stay year after year.

J


Quoting malcolmb14
respect ... and sorry to hear of your losses.

I was being a little sarcastic on how everyone always makes hundreds of pip in this forum everyday while a mere mortal like me that has been trading for 7 years and has more knowledge than most squeaks out a mere 35 pip a day on average and that is if i am lucky.
  • #229,672
  • Jun 3, 2010 9:15am Jun 3, 2010 9:15am
Quoting vilas
Usually avoid M30 due to "reversible" signals, but have to take a look again since you make it sound so EASY. Sure easy or you make it Easy ? Good insights ! Cheers.

Nothing is ever easy in forex, but using previous SR's and swing hi and lo's with proper stops and MM skews the odds in your favour. Proper use of SL's and not trying to pick tops and bottoms helps too.
  • #229,673
  • Jun 3, 2010 9:16am Jun 3, 2010 9:16am
Guys, I am kinda looking for a bounce around 4580 area. Any comments.

Signed, A little gun shy
  • #229,674
  • Jun 3, 2010 9:18am Jun 3, 2010 9:18am
Quoting Nene
Guys, I am kinda looking for a bounce around 4580 area. Any comments.

Signed, A little gun shy

I've got 4590 next. There is lots of buying here though, I covered my shorts.
  • #229,675
  • Jun 3, 2010 9:19am Jun 3, 2010 9:19am
Quoting Nene
Guys, I am kinda looking for a bounce around 4580 area. Any comments.

Signed, A little gun shy
Kinda thinking the same thing now....

http://www.forexfactory.com/showpost...postcount=1358

Also a touch shy...LOL
Ghost Rider - WWTBMD?
  • #229,676
  • Jun 3, 2010 9:20am Jun 3, 2010 9:20am
Quoting witsnpips
it is rather funny how many billionaires we have in this forum, calling every trade almost to the pip lol
The problem is that so many try to make every trade to the pip. Wanting to catch every bottom and every top on the day, instead of capitalizing on safety ranges.

The forum like market is cyclistic. We go from playing direction and in profit into speculation and loss. So many of us try to guide with charting, so many others try to prove themselves with trade calls.

Instead of following direction, a lot of folk try to speculate the trade, anticipate the directional changes.

What would happen if instead of following the traffic signals, we jumped the reds thinking they were going to be going green in just a few seconds?

Same thing that typically happens with market speculators. Natural selection.

Follow the trends, when market leads, follow.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #229,677
  • Jun 3, 2010 9:20am Jun 3, 2010 9:20am
update enjoy

see u later
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  • #229,678
  • Jun 3, 2010 9:25am Jun 3, 2010 9:25am
Quoting Nene
Guys, I am kinda looking for a bounce around 4580 area. Any comments.

Signed, A little gun shy
We are right at support on the M30. This was the bounce line yesterday.

The reason you should be gun shy, is we never created a new top after we bounced from here yesterday.

We are negative on the day with the H4 200EMA proving top. We have an H4 sherpa that is playing into an M30 sherpa. No New Top.

Caution on longs, but we could see some range here.

200EMA on M30 is current support, loss of support here moves further down.

Just what I see...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #229,679
  • Jun 3, 2010 9:28am Jun 3, 2010 9:28am
Quoting cloggie
Our chrystal balls seem to be in tune today.


Let's run the numbers again, see if we have em close
I have 581 & 550 below 610 and 630 & 672 as upside.
Thank You
  • #229,680
  • Jun 3, 2010 9:28am Jun 3, 2010 9:28am
4565 is a good point. 61 of fibo and near the canal limit... i will wait get there and buy heavy
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