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Cable Update (GBPUSD)

  • #231,601
  • Jun 14, 2010 11:06am Jun 14, 2010 11:06am
I am expecting a new high around 1.4820 within the next hour, thats where i will short. 1.4850 might be asking too much. The late NY session 2pm-4pm est usually has good PA movement, and goes up or down 50 pips.
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  • #231,602
  • Jun 14, 2010 11:08am Jun 14, 2010 11:08am
Quoting Freddyfx
I think the move is exhausted and we are about to go down into a retracement from this level.

In other words, I am shorting here.
Why you so are assured?
  • #231,603
  • Jun 14, 2010 11:32am Jun 14, 2010 11:32am
Quoting Freddyfx
I think the move is exhausted and we are about to go down into a retracement from this level.

In other words, I am shorting here.
do you have any target?
thanks
Number of Days without an idiotic request: 0
  • #231,604
  • Jun 14, 2010 11:36am Jun 14, 2010 11:36am
i think we need es to break the 1100 before we get any more up. 1098.5 now
  • #231,605
  • Jun 14, 2010 12:15pm Jun 14, 2010 12:15pm
ES unloading some longs...
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  • #231,606
  • Jun 14, 2010 12:24pm Jun 14, 2010 12:24pm
Good day to you,

Pretty much relentless one way traffic thus far today. I have entered short - albeit counter trend. Will wait for a continuation signal to exit and reverse - or will hold should I receive co-confirmation.

A break back below 1.4757 AGAIN - Friday's High, has moved me into taking this trade.

The second chart displays typical price play. Traders enticed into longs above the 1.4757 SR level. Then a reverse to stop out fresh longs and entice new shorts. Reverse again to stop out fresh shorts and entice new longs - to reverse again to stop out latest longs. Now enticed shorts again.

Counter trend trade - high risk / but defined. Will move SL in to BE as soon as it makes sense to do so.

Let's see..... not expecting too much.

Regards
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  • #231,607
  • Jun 14, 2010 12:24pm Jun 14, 2010 12:24pm
I am new to reading this thread and have enjoyed it so far. What is es?
  • #231,608
  • Jun 14, 2010 12:27pm Jun 14, 2010 12:27pm
Quoting mdiz2
I am new to reading this thread and have enjoyed it so far. What is es?
S&P 500 Index mini contracts.

They are traded on Chicago Mercantile Exchange
  • #231,609
  • Jun 14, 2010 12:29pm Jun 14, 2010 12:29pm
SP 500 e-mini if I'm not mistaken...

Quoting mdiz2
I am new to reading this thread and have enjoyed it so far. What is es?
"The real genius is knowing when to stop." - Marc Faber
  • #231,610
  • Jun 14, 2010 12:29pm Jun 14, 2010 12:29pm
Quoting Privet
Why you so are assured?

average days range well overextedned liekly why
Blogging daily now at www.volume.zone
  • #231,611
  • Jun 14, 2010 12:30pm Jun 14, 2010 12:30pm
Quoting joemiami
ES unloading some longs...

as expected 1100 ... stopped dead on an upthrust sold off that , exited 1095

seems to be some buyers on a 30 min right now would not be surprised to see run at 1100 into close
Blogging daily now at www.volume.zone
  • #231,612
  • Jun 14, 2010 12:31pm Jun 14, 2010 12:31pm
I kind of support u but not totally yet, i need to see the close of this 1hr to confirm a retracement.


Quoting Freddyfx
I think the move is exhausted and we are about to go down into a retracement from this level.

In other words, I am shorting here.
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  • #231,613
  • Jun 14, 2010 12:34pm Jun 14, 2010 12:34pm
Quoting malcolmb14
average days range well overextedned liekly why
stochasic up on H4 and on D1 else
  • #231,614
  • Jun 14, 2010 12:35pm Jun 14, 2010 12:35pm
Quoting Privet
stochasic up on H4 and on D1 else

yes true

es failed 1100 so far that is why the drop in es and fx ....

also newso n wire moody downgraded greece .. lol ... they needed something to dip ES to buy more at 1095
Blogging daily now at www.volume.zone
  • #231,615
  • Jun 14, 2010 12:39pm Jun 14, 2010 12:39pm
Quoting malcolmb14
as expected 1100 ... stopped dead on an upthrust sold off that , exited 1095

seems to be some buyers on a 30 min right now would not be surprised to see run at 1100 into close
Hi Mal
How r u doing?
What do u think on 4H?
  • #231,616
  • Jun 14, 2010 12:42pm Jun 14, 2010 12:42pm
Quoting malcolmb14
as expected 1100 ... stopped dead on an upthrust sold off that , exited 1095

seems to be some buyers on a 30 min right now would not be surprised to see run at 1100 into close

es long 1095 stop be target 1100 then they may drop it again
Blogging daily now at www.volume.zone
  • #231,617
  • Jun 14, 2010 12:45pm Jun 14, 2010 12:45pm
Quoting egkid
Hi Mal
How r u doing?
What do u think on 4H?
never trade much aboive 10 min and 30 min on es
she is so volatile these day you think higher time frames she kills you every time

daily however looks to be setting up on a no demand day ... but still 1 hr 45 left
Blogging daily now at www.volume.zone
  • #231,618
  • Jun 14, 2010 1:08pm Jun 14, 2010 1:08pm
selling the wheels off es 1091 now
  • #231,619
  • Jun 14, 2010 1:21pm Jun 14, 2010 1:21pm
moodys cutting greece debt to junk gave them reason to sell
  • #231,620
  • Jun 14, 2010 2:23pm Jun 14, 2010 2:23pm
Quoting Magix
Holding support, we still have a gap to fill and a low that London has not traded from Friday....

They could still very well decide to drop this like a stone, but much the same trade as Friday before the fall....hold on to the 1m 200ema, one spike from Frankie into London and a mass exodus.
Hi Magix,

You are so quick to fault everyone else, would be a shame if I didn't chip in.

Above posted when we were trading at 14600, currently just traded at 14800, 200 pips above your blurb...and yes, the gap is still there lol.

Just goes to show, your voodoo system isn't worth a toss. Talking of which, why not toss some chicken bones into the circle and take your trades based off that? You did name your "system?" lol voodoo didn't you? so, I presume you already have the "tossing" off to a fine art.

God bless, I'll come back and visit the zoo with some carrots later.

I hereby rename your Magic Mushroom system "DoDo."

tata
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