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Cable Update (GBPUSD)

  • #234,481
  • Jun 29, 2010 8:31am Jun 29, 2010 8:31am
Quoting malcolmb14

tough to pin point entry though 5250 is 78.6 retrace on weekly

I got my eye on 5230 as a possible. So we are looking at roughly the same number for an area of consolidation. We'll see when we get to it, loads of tradeable setups before then
  • #234,482
  • Jun 29, 2010 8:32am Jun 29, 2010 8:32am
market tanking gbp with it
dow back to 10000
  • #234,483
  • Jun 29, 2010 8:34am Jun 29, 2010 8:34am
So far today we have managed only a small drop from the open on my feed but posted a "hanging man" daily candle. A long way to go yet. I'm glad I don't trade this pair solely and I agree with malcolm. Much better fish to catch. eg be postioned for equities... geddit?
Gone to a better place
  • #234,484
  • Jun 29, 2010 8:36am Jun 29, 2010 8:36am
Quoting cloggie
It is nice though when those supports get hit to the pip. They validate the plan and your overall picture of the markets.
Are you just posting??? Do you have any trade, sir?
  • #234,485
  • Jun 29, 2010 8:40am Jun 29, 2010 8:40am
Quoting Awp Shout
Are you just posting??? Do you have any trade, sir?

What are you on about?
  • #234,486
  • Jun 29, 2010 8:41am Jun 29, 2010 8:41am
Quoting winsome
market tanking gbp with it
dow back to 10000

my target es 950 to start takes dj down to about 9000
Blogging daily now at www.volume.zone
  • #234,487
  • Jun 29, 2010 8:43am Jun 29, 2010 8:43am
Quoting Awp Shout
Are you just posting??? Do you have any trade, sir?

what do you think this forum is a trade signal service ... do not be a cheap skate if this is what you want splash some cash there are some ok ones out there
Blogging daily now at www.volume.zone
  • #234,488
  • Jun 29, 2010 8:49am Jun 29, 2010 8:49am
You are just posting some different charts... do you have some trades?
  • #234,489
  • Jun 29, 2010 8:49am Jun 29, 2010 8:49am
Quoting malcolmb14
my target es 950 to start takes dj down to about 9000
es is doing great till now below 50 enjoy
  • #234,490
  • Jun 29, 2010 8:50am Jun 29, 2010 8:50am
Quoting Awp Shout
You are just posting some different charts... do you have some trades?

I still don't get what you are on about? You want me to give you my trade setups?
  • #234,491
  • Jun 29, 2010 8:52am Jun 29, 2010 8:52am
Quoting kill56
es is doing great till now below 50 enjoy
950 is target es

wave 3 on weekly just starting

I have dxd and faz calls cat put and holding es off 1126 on a sell
Blogging daily now at www.volume.zone
  • #234,492
  • Jun 29, 2010 8:59am Jun 29, 2010 8:59am
Quoting malcolmb14
950 is target es

wave 3 on weekly just starting

I have dxd and faz calls cat put and holding es off 1126 on a sell
Malcolm, please enlighten me. ES is Euro Swissie? What does dxd mean? faz? and while you're at it "cat put". Thanks in advance...
Gone to a better place
  • #234,493
  • Jun 29, 2010 9:00am Jun 29, 2010 9:00am
I think the show's about to go shaky
  • #234,494
  • Jun 29, 2010 9:02am Jun 29, 2010 9:02am
Quoting smikester
Malcolm, please enlighten me. ES is Euro Swissie? What does dxd mean? faz? and while you're at it "cat put". Thanks in advance...
es is s&p 500 futures
  • #234,495
  • Jun 29, 2010 9:05am Jun 29, 2010 9:05am
News wasn't good...
Don't be emo... don't be emo....
  • #234,496
  • Jun 29, 2010 9:05am Jun 29, 2010 9:05am
Quoting malcolmb14
950 is target es

wave 3 on weekly just starting

I have dxd and faz calls cat put and holding es off 1126 on a sell

true on 20's but i think we might see the 960's sooner than u think
Attached Image (click to enlarge)
Click to Enlarge Name: 1d es.gif Size: 43 KB
  • #234,497
  • Jun 29, 2010 9:09am Jun 29, 2010 9:09am
Quoting drakes
News wasn't good...
Wow I didn't expect a decrease like that :O
  • #234,498
  • Jun 29, 2010 9:12am Jun 29, 2010 9:12am
Quoting mihazupan1
Wow I didn't expect a decrease like that :O

Yeah, my long got stopped out, sitting on the sidelines now. Like the old saying goes, buy the rumour, sell the news. Now it is just a matter of identifying how the big boys see this, as an opportunity to get a better price? Wouldn't be the first time a nice newsspike like this gives us a solid trend continuation.
  • #234,499
  • Jun 29, 2010 9:25am Jun 29, 2010 9:25am
Quoting malcolmb14
1) red volume seller on up bar sent market sideways to down
2) massive volumes for 48 hours at a resistance level on weekly suggests distribution
3) another up move on 60 got hit with high vol on lower high

the longer this distribution phase lasts the bigger the fall I am thinking 4250 to start...
vsa rocks once more nice little 60 pip for breakfast
Blogging daily now at www.volume.zone
  • #234,500
  • Jun 29, 2010 9:28am Jun 29, 2010 9:28am
Quoting smikester
Malcolm, please enlighten me. ES is Euro Swissie? What does dxd mean? faz? and while you're at it "cat put". Thanks in advance...

es is s and p e minis ... $50 per point per contract

dxd is bear exchange traded fund on dj .. like a stock but it goes up when market tanks. currently 30 target 40 , august 32 calls have made 50 % today.

faz is 3 x bear etf on banks and trading options on it is like trading fx ... very volatile with 100 % plus gains per day possible. if ot goes to $20 my options trade has made 300 % in 2 weeks
Blogging daily now at www.volume.zone
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