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Cable Update (GBPUSD)

  • #234,321
  • Jun 28, 2010 1:21pm Jun 28, 2010 1:21pm
Quoting trade price
are you hopeing bro?
yup..
this time i hopening..
jusd add other one short...entry 5123..
sometime luck is need to get better entry...
i lke playing revesal...
with small sl and big tp...
Revesal Trader
  • #234,322
  • Jun 28, 2010 1:25pm Jun 28, 2010 1:25pm
Quoting mygoldenpips
yup..
this time i hopening..
jusd add other one short...entry 5123..
sometime luck is need to get better entry...
i lke playing revesal...
with small sl and big tp...
lol what platform? i only saw 119 on mine
Verily, in every difficulties there is relief
  • #234,323
  • Jun 28, 2010 1:27pm Jun 28, 2010 1:27pm


Quoting trade price
Good luck my man!
if you keep adding .i am sure it will reverse !!!!!
Verily, in every difficulties there is relief
  • #234,324
  • Jun 28, 2010 1:36pm Jun 28, 2010 1:36pm
Quoting primzvicious
lol what platform? i only saw 119 on mine
i use iko fx..
my high 5131..
just sl around 30pips..
sometime need to lose some to get some..
if hit sl..just lose 40% off today profit..
Revesal Trader
  • #234,325
  • Jun 28, 2010 1:43pm Jun 28, 2010 1:43pm
Quoting trade price
next bit.this is no hope game
Attachment
i have long too sir, but please would you explain by "buying volume call" candle sir? base on what? flag ?
thanks you very much..
I will be the number one Manager.
  • #234,326
  • Jun 28, 2010 1:57pm Jun 28, 2010 1:57pm
Quoting javapips
i have long too sir, but please would you explain by "buying volume call" candle sir? base on what? flag ?
thanks you very much..
This explains the flag. http://chart-patterns.netfirms.com/bullflag.htm
  • #234,327
  • Jun 28, 2010 2:08pm Jun 28, 2010 2:08pm
I have some very good past resistance at 1.5130 so I will be looking to go short there.I have a pending order set with a 30 pip s/l.
Please ask questions and share your experiences with us all!
  • #234,328
  • Jun 28, 2010 3:06pm Jun 28, 2010 3:06pm
I do!! Made a copy and read often..thanks! it helps me to see this trading plan in front of me as a reminder of what I already know..but sometimes forget ....I appreciate all of your info...I'm quiet but I read!!! and it helps ME!!
Quoting cloggie
Does anybody read my posts?
  • #234,329
  • Jun 28, 2010 3:13pm Jun 28, 2010 3:13pm
Quoting Awp Shout
http://i.imagehost.org/0662/gbpusd.gif
As I said time to go short... small SL

http://j.imagehost.org/0110/gbp.gif
  • #234,330
  • Jun 28, 2010 3:33pm Jun 28, 2010 3:33pm
Any short before this TL is broken this late means just giving money to the market. If you are that desperate, I know a few charities that could use it.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly tl held m15 no short yet-2.gif Size: 24 KB
  • #234,331
  • Jun 28, 2010 3:37pm Jun 28, 2010 3:37pm
Quoting cloggie
Any short before this TL is broken this late means just giving money to the market.

Cloggie, im still seeing price as long, just looking good entry to do so.
  • #234,332
  • Jun 28, 2010 3:38pm Jun 28, 2010 3:38pm
Quoting alex1976
Cloggie, im still seeing price as long, just looking good entry to do so.

NY is closed, I will pass here, but if that TL gets respected your long will be valid til 51476
  • #234,333
  • Jun 28, 2010 4:11pm Jun 28, 2010 4:11pm
I had some PM's about my TL's so here is the H1 view, the TL was formed Monday last week and is still in play.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly tl held m15 no short yet-hourly view.gif Size: 23 KB
  • #234,334
  • Jun 28, 2010 4:24pm Jun 28, 2010 4:24pm
Quoting javapips
i have long too sir, but please would you explain by "buying volume call" candle sir? base on what? flag ?
thanks you very much..
not sure what technique he is talking about but in fact it was not buying that made gave Gu up move away , but what is known as a test in VSA . This is a low volume down bar into an area of prior resistance and show that sellers are not interested. Then the only thing to remain is the buyers to keep moving the trend higher.

Attached Image (click to enlarge)
Click to Enlarge Name: chart01 au.jpg Size: 129 KB
Blogging daily now at www.volume.zone
  • #234,335
  • Jun 28, 2010 4:29pm Jun 28, 2010 4:29pm
i think it's going sideway till japan open, daily candle may close right @1.5100 (maybe)



note : i don't know how to use chart to explain that. just a tought.
I will be the number one Manager.
  • #234,336
  • Jun 28, 2010 4:32pm Jun 28, 2010 4:32pm
Quoting malcolmb14
not sure what technique he is talking about but in fact it was not buying that made gave Gu up move away , but what is known as a test in VSA . This is a low volume down bar into an area of prior resistance and show that sellers are not interested. Then the only thing to remain is the buyers to keep moving the trend higher.

Attachment
yes mal, i thought he use vsa just like you, but he use candle (down bar) to say buyer volume, that's what i wonder why..,
I will be the number one Manager.
  • #234,337
  • Jun 28, 2010 4:35pm Jun 28, 2010 4:35pm
Quoting javapips
i think it's going sideway till japan open, daily candle may close right @1.5100 (maybe)



note : i don't know how to use chart to explain that. just a tought.

You won't be far off, does not need a chart, volumes are so thin here that there is no way we are going to see a significant move here till SY opens.
  • #234,338
  • Jun 28, 2010 4:59pm Jun 28, 2010 4:59pm
Quoting cloggie
You won't be far off, does not need a chart, volumes are so thin here that there is no way we are going to see a significant move here till SY opens.
yes and maybe, who knows. so i will just close half position here, still far from target but she could eat my BE if before london open she back first to today (monday) low (not break if going to move higher).


see you all, i'll continue my sweet dream.
I will be the number one Manager.
  • #234,339
  • Jun 28, 2010 5:01pm Jun 28, 2010 5:01pm
Quoting javapips
yes mal, i thought he use vsa just like you, but he use candle (down bar) to say buyer volume, that's what i wonder why..,
a down bar can be buyer volume .

Pors buy on weakness sell on strength

Have you ever seen good news and a really big ( 70 pip or more) 15 min candle on massive volume that you bought into and then wondered why you get stopped out as the price reverses to down side over course of next few hours. This is due to the fact that pros sell into strength .

this is why gu lost its momentum when that sellers hit that 60 min candle that sent the market sideways into this range

Attached Image (click to enlarge)
Click to Enlarge Name: chart01 au.jpg Size: 138 KB
Blogging daily now at www.volume.zone
  • #234,340
  • Jun 28, 2010 5:28pm Jun 28, 2010 5:28pm
Quoting malcolmb14
a down bar can be buyer volume .

Pors buy on weakness sell on strength

Have you ever seen good news and a really big ( 70 pip or more) 15 min candle on massive volume that you bought into and then wondered why you get stopped out as the price reverses to down side over course of next few hours. This is due to the fact that pros sell into strength .

this is why gu lost its momentum when that sellers hit that 60 min candle that sent the market sideways into this range

Attachment
i don't know mal, and all i know is that you disrupt my sleep.., i try to understand your word, and now i'm not sleepy anymore...
I will be the number one Manager.
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