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Cable Update (GBPUSD)

  • #242,881
  • Aug 3, 2010 10:11pm Aug 3, 2010 10:11pm
Quoting digger1
sorry drakes , this chart has the green and red line lol Attachment
Yup, that is the range (Green and Red bar) for the Asian trading time zones.... so we have to wait for a breakout on either direction, and a re-test of it, and another breakout, to know if the trend is still bullish or bearish...
Don't be emo... don't be emo....
  • #242,882
  • Aug 3, 2010 10:22pm Aug 3, 2010 10:22pm
Quoting drakes
Yup, that is the range (Green and Red bar) for the Asian trading time zones.... so we have to wait for a breakout on either direction, and a re-test of it, and another breakout, to know if the trend is still bullish or bearish...
Would seem to me that the cards are on the table...

Sticking yourself or your trading in a box can be profitable, and watching for breaks of zones will too keep you in safety, but there is a reason that indicators are still being used....

Just the way I sees em....

Double hull cross, short below long. Break to south by London for NY to buy back to top. MACD divergence. Current short cycle, resistance at top of the wall.
Attached Image (click to enlarge)
Click to Enlarge Name: M30.jpg Size: 152 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,883
  • Aug 3, 2010 10:23pm Aug 3, 2010 10:23pm
Quoting drakes
Yup, that is the range (Green and Red bar) for the Asian trading time zones.... so we have to wait for a breakout on either direction, and a re-test of it, and another breakout, to know if the trend is still bullish or bearish...
you should know already if the trend is bullish or bearish, the real question is at what level/price does the trend becomes a downtrend. you can find that when the current uptrend falls to a certain price, this is where you would put a sell stop order to catch the trend if that level get hit, other then that you ride the current trend. simple, and never try to catch the top or bottom of any trend, your be broke in a week. LOL
  • #242,884
  • Aug 3, 2010 10:25pm Aug 3, 2010 10:25pm
Drakes, I have put my fib extension levels above and below , I like the 272 and 618 levels asian oft times will hit the the 618 above and below but much better pip count going into frankie and london open, took a short on the trendline break , will start taking profit at the 272 and hold some and see wht happens , just a few little trades , yen crosses usually a little more active this time of day , been shorting the heck out of the dragon all night . Got to keep track of cable tho lol
Attached Image (click to enlarge)
Click to Enlarge Name: 10 min.jpg Size: 152 KB
  • #242,885
  • Aug 3, 2010 10:25pm Aug 3, 2010 10:25pm
Quoting digger1
dont think this is quite the same trend line as cloggie had but this may be what he was alluding too with his post , this run up a good trendline has been like a spring board to price or as cloggie says rips off it like a wet cat from an electric fence lol . Did have a little aussie news come out there around that pop up , did make a marginal new 4 hour high (4 hour bar ghosted in the background ) . You get into frankie and london you get better break outs for sure this is only the asian session after all , pretty good sized inverted head and shoulder...
retrace day tomorrow thru london and us ... may be one more pop to 1.6000 then down , just not sure how far up

vsa reasons on 60 min and the 30 pip value area today

already in an early sell 5950
Blogging daily now at www.volume.zone
  • #242,886
  • Aug 3, 2010 10:27pm Aug 3, 2010 10:27pm
Quoting Magix
Would seem to me that the cards are on the table...

Sticking yourself or your trading in a box can be profitable, and watching for breaks of zones will too keep you in safety, but there is a reason that indicators are still being used....

Just the way I sees em....

Double hull cross, short below long. Break to south by London for NY to buy back to top. MACD divergence. Current short cycle, resistance at top of the wall.
This could turn into a nice little trade lol
  • #242,887
  • Aug 3, 2010 10:27pm Aug 3, 2010 10:27pm
Quoting Magix
Would seem to me that the cards are on the table...

Sticking yourself or your trading in a box can be profitable, and watching for breaks of zones will too keep you in safety, but there is a reason that indicators are still being used....

Just the way I sees em....

Double hull cross, short below long. Break to south by London for NY to buy back to top. MACD divergence. Current short cycle, resistance at top of the wall.
there is the target .. confirmed by 1 hour vsa
Blogging daily now at www.volume.zone
  • #242,888
  • Aug 3, 2010 10:29pm Aug 3, 2010 10:29pm
Quoting digger1
This could turn into a nice little trade lol
Watching for a possible bounce off daily pivot, and might gain a couple more if we see another attack at top.

Cha Ching!



Stopped dead on the money!
Attached Image (click to enlarge)
Click to Enlarge Name: dp.jpg Size: 30 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,889
  • Aug 3, 2010 10:30pm Aug 3, 2010 10:30pm
Quoting malcolmb14
retrace day tomorrow thru london and us ... may be one more pop to 1.6000 then down , just not sure how far up

vsa reasons on 60 min and the 30 pip value area today

already in an early sell 5950
excellent mal , not too concerned with cable , dragon paying better lol, magix been shting the 5 min 200 for the last 18 hors now on the dragon lol, hope you been doing the same
  • #242,890
  • Aug 3, 2010 10:31pm Aug 3, 2010 10:31pm
you can lead a horse to water but you can't make him drink it, good luck guys
  • #242,891
  • Aug 3, 2010 10:32pm Aug 3, 2010 10:32pm
Quoting Magix
Watching for a possible bounce off daily pivot, and might gain a couple more if we see another attack at top.

Cha Ching!

  • #242,892
  • Aug 3, 2010 10:33pm Aug 3, 2010 10:33pm
Quoting digger1
Dead on balls...

Boing!
Attached Image (click to enlarge)
Click to Enlarge Name: dp.jpg Size: 30 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,893
  • Aug 3, 2010 10:39pm Aug 3, 2010 10:39pm
Quoting digger1
excellent mal , not too concerned with cable , dragon paying better lol, magix been shting the 5 min 200 for the last 18 hors now on the dragon lol, hope you been doing the same
been playing aj myself in recent weeks

78.5 to 77.80 range for now
Blogging daily now at www.volume.zone
  • #242,894
  • Aug 3, 2010 10:42pm Aug 3, 2010 10:42pm
Quoting digger1
excellent mal , not too concerned with cable , dragon paying better lol, magix been shting the 5 min 200 for the last 18 hors now on the dragon lol, hope you been doing the same
Current support dragon watching to close on the hourly 1.3573ish....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,895
  • Aug 3, 2010 10:43pm Aug 3, 2010 10:43pm
Quoting Magix
Watching for a possible bounce off daily pivot, and might gain a couple more if we see another attack at top.

Cha Ching!



Stopped dead on the money!
Darn it... wish I saw that one...
Don't be emo... don't be emo....
  • #242,896
  • Aug 3, 2010 10:48pm Aug 3, 2010 10:48pm
Quoting drakes
Darn it... wish I saw that one...
LC pivots drake, its in one of my downloads.

Set it to your broker for accuracy...works pretty darn good.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,897
  • Aug 3, 2010 10:50pm Aug 3, 2010 10:50pm
Quoting Magix
LC pivots drake, its in one of my downloads.

Set it to your broker for accuracy...works pretty darn good.
I actually am trying out your indi, just to check, how are your S/R so far? I have a couple of issues i'm trying to work out with my trade, finding the right S/R and also how to know the market trend....
Don't be emo... don't be emo....
  • #242,898
  • Aug 3, 2010 10:52pm Aug 3, 2010 10:52pm
Quoting drakes
Darn it... wish I saw that one...
Another retest on the Pivot??
Don't be emo... don't be emo....
  • #242,899
  • Aug 3, 2010 10:52pm Aug 3, 2010 10:52pm
Quoting malcolmb14
there is the target .. confirmed by 1 hour vsa
Gotta get yer VSA to agree on the daily target mal, and we can just take the next week off.

Muwahahahahahahahah
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,900
  • Aug 3, 2010 10:54pm Aug 3, 2010 10:54pm
Quoting drakes
I actually am trying out your indi, just to check, how are your S/R so far? I have a couple of issues i'm trying to work out with my trade, finding the right S/R and also how to know the market trend....
Keep with it dude....

Cloggie got a lot to show, there's a few other things to watch out for from a lot of other good folk here in the cable thread....

You will find your way.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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