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Cable Update (GBPUSD)

  • #242,481
  • Aug 2, 2010 11:42pm Aug 2, 2010 11:42pm
Quoting 4xStar
Yes you're right, I did sort of turn it into a trading methodology and even gave it a name, River Box trading....
Hi, what you said really looks interesting
could you teach me?? or tell me where to learn everything you said?
thank you
P.S Im a noob
  • #242,482
  • Aug 3, 2010 12:22am Aug 3, 2010 12:22am
Good morning traders
I think that something really nice is forming on pound.... Something reversal))
Here is my picture:
http://3.bp.blogspot.com/_LbKfbdL8RY...0%BD%D1%82.gif



It called Run and Bump Reversal model... So now I'm waiting for double top or smth like that..
  • #242,483
  • Aug 3, 2010 12:24am Aug 3, 2010 12:24am
http://stockcharts.com/help/doku.php...nd_run_reversa
Here you can find some information about this pattern
  • #242,484
  • Aug 3, 2010 12:26am Aug 3, 2010 12:26am
Quoting langdonb
oxford, I PM'd you a couple of days ago, please check and get back to me...
im sorry i deleted all my PM, please PM me again
  • #242,485
  • Aug 3, 2010 12:28am Aug 3, 2010 12:28am
Quoting DonVito12
Hi, what you said really looks interesting
could you teach me?? or tell me where to learn everything you said?
thank you
P.S Im a noob
best way to trade is volume spread analysis , get your hand on tom williams master the markets.

this method of volume ( in fx it is tick vol) and candles can be used very effectively with any other method

I will be watching 1,5888 with interest thru london as this has been the last 24 hours point of control . i will follow this up with a post later to show how this plays out and how the volume and candle told the story before the trade happened as is often the case
Blogging daily now at www.volume.zone
  • #242,486
  • Aug 3, 2010 12:35am Aug 3, 2010 12:35am
if i was thinking about selling, it will be around 1.5810 or lower for confirmation other then that if this thing hit 1.5910 the sky is the limit
Attached Image (click to enlarge)
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  • #242,487
  • Aug 3, 2010 12:40am Aug 3, 2010 12:40am
Quoting fxoxford
if i was thinking about selling, it will be around 1.5810 or lower for confirmation other then that if this thing hit 1.5910 the sky is the limit
I think that it would be very risky, here (5780-5810) we will touch top border of the channel from the other side, also here is the 38.2% fib from yesterday move, so be careful to sell on this level I think.
  • #242,488
  • Aug 3, 2010 12:49am Aug 3, 2010 12:49am
Quoting Vasile
I think that it would be very risky, here (5780-5810) we will touch top border of the channel from the other side, also here is the 38.2% fib from yesterday move, so be careful to sell on this level I think.
i will buy or sell on any level if my system tells me to, i don't get cought up in all that rubbish.
  • #242,489
  • Aug 3, 2010 12:56am Aug 3, 2010 12:56am
so far im looking at 1.6147 to get hit, there is no signs of a downtrend at the moment.
  • #242,490
  • Aug 3, 2010 1:02am Aug 3, 2010 1:02am
Lets see where Frankie will push the market now....
Don't be emo... don't be emo....
  • #242,491
  • Aug 3, 2010 1:08am Aug 3, 2010 1:08am
Quoting malcolmb14
best way to trade is volume spread analysis , get your hand on tom williams master the markets.

this method of volume ( in fx it is tick vol) and candles can be used very effectively with any other method

I will be watching 1,5888 with interest thru london as this has been the last 24 hours point of control . i will follow this up with a post later to show how this plays out and how the volume and candle told the story before the trade happened as is often the case
lol, you just watching malc volume may be the best for you , it just tells me there is volume , my point of control, like everyday was rollover price lol, seems japan and china were in selling moods , break of the 8 hour range and retest area were shorting entrys , couple of nice little short trades , now out till frankie and london still have a small sht posistion from late new york yesterday , todays pivot a tgt to start
Attached Image (click to enlarge)
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  • #242,492
  • Aug 3, 2010 1:14am Aug 3, 2010 1:14am
price action overstretched cable yesterday shooting above previously formed Broadening Top exhausting her with 1.5900 barely trading !!!

an intermediate UTL has been broken with price falling slowly but steadily ever since

I'm selling here @ 1.5885
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 8 KB
Hear the music before the song is over ...
  • #242,493
  • Aug 3, 2010 1:27am Aug 3, 2010 1:27am
Quoting GlobalMacro
price action overstretched cable yesterday shooting above previously formed Broadening Top exhausting her with 1.5900 barely trading !!!

an intermediate UTL has been broken with price falling slowly but steadily ever since

I'm selling here @ 1.5885

Hi Global where would your S/L and T/P be?

Thanks
  • #242,494
  • Aug 3, 2010 1:34am Aug 3, 2010 1:34am
Quoting pj11500
Hi Global where would your S/L and T/P be?

Thanks
Hi pj...since this is not a signal service that's irrelevant...I will update while I'm in the trade tho...

G/L
Hear the music before the song is over ...
  • #242,495
  • Aug 3, 2010 1:35am Aug 3, 2010 1:35am
Quoting GlobalMacro
price action overstretched cable yesterday shooting above previously formed Broadening Top exhausting her with 1.5900 barely trading !!!

an intermediate UTL has been broken with price falling slowly but steadily ever since

I'm selling here @ 1.5885
there is no reason to be selling. good luck
  • #242,496
  • Aug 3, 2010 1:35am Aug 3, 2010 1:35am
Quoting GlobalMacro
Hi pj...since this is not a signal service that's irrelevant...I will update while I'm in the trade tho...

G/L
it broke up..lol we have a new high
  • #242,497
  • Aug 3, 2010 1:39am Aug 3, 2010 1:39am
Quoting GlobalMacro
Hi pj...since this is not a signal service that's irrelevant...I will update while I'm in the trade tho...

G/L
That's fair but seems kind of easy to say that
  • #242,498
  • Aug 3, 2010 1:42am Aug 3, 2010 1:42am
lol , shorts wrong ha ha , shts from yesterday sttped -15 , long from the open out at 25( out with 25 pips not out at 1.5925) with some holding others c wht happens
Attached Image (click to enlarge)
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  • #242,499
  • Aug 3, 2010 1:43am Aug 3, 2010 1:43am
Quoting GlobalMacro
price action overstretched cable yesterday shooting above previously formed Broadening Top exhausting her with 1.5900 barely trading !!!

an intermediate UTL has been broken with price falling slowly but steadily ever since

I'm selling here @ 1.5885

price re-testing the broken UTL...now trading @ 1.5920

no change in the intermediate picture

price needs to prove that this move has not been merely an upthrust!

I will maintain the short position
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 8 KB
Hear the music before the song is over ...
  • #242,500
  • Aug 3, 2010 1:50am Aug 3, 2010 1:50am
Quoting fxoxford
there is no reason to be selling. good luck
oh boy if your short good luck
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