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Cable Update (GBPUSD)

  • #244,361
  • Aug 9, 2010 2:37pm Aug 9, 2010 2:37pm
Quoting SerpentDove
I'm probably just bitter, because I was shorting like a madman throughout the entire London session to no avail, well, if you call .015% avail I feel sorry for you, but I digress, bears haven't exhausted anything, they are not even present YET. All I see is profit taking/last one out is a rotten egg going on. The bears are in play once the bounces stop.
lol, well if you entered in the rite areas you shouldnt be bitter you should have collected the whole days range so far
  • #244,362
  • Aug 9, 2010 2:38pm Aug 9, 2010 2:38pm
Quoting malcolmb14
easy way i do it ( lazy way ) is get a murray math indicator and throw it on the charts

these change every 64 period... but will always reflect the s/r zones

Attachment
Murray math has too many lines that could confuse a beginner, and I'm not sure it's any good for a lazy man either.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #244,363
  • Aug 9, 2010 2:41pm Aug 9, 2010 2:41pm
I meant on the shorter time frame, sorry i should have clarified better, hoping for a 20-30 pip scalp to the upside before she heads south tonight.
  • #244,364
  • Aug 9, 2010 2:44pm Aug 9, 2010 2:44pm
Quoting joemiami
downward momentum drying up, and 200ema holding on 30 min, contemplating adding some longs here(5900)
anyone else see the same?
I have been looking at the lower TF for some indication we might be changing direction. Bad news, there is none yet. I posted here after NFP on Friday that since our Lady could not stay convincingly above 5965 following poor NFP it might mean we're heading for deeper correction with 5850 as first major, then 57xx. Don't rush to long now. It might be a bad idea.

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #244,365
  • Aug 9, 2010 2:46pm Aug 9, 2010 2:46pm
Quoting Precap2
I have been looking at the lower TF for some indication we might be changing direction. Bad news, there is none yet. I posted here after NFP on Friday that since our Lady could not stay convincingly above 5965 following poor NFP it might mean we're heading for deeper correction with 5850 as first major, then 57xx. Don't rush to long now. It might be a bad idea.

Precap2

Have a look at the daily, lovely setup for a retrace, let's see if FOMC is going to put a fly in the ointment.
  • #244,366
  • Aug 9, 2010 2:54pm Aug 9, 2010 2:54pm
volume is dead now bcuz of market closing..... my long positions closed at break-even. Will wait for tonight, hopefully we will see a nice drop of at least 150 pips by tomorrow.. See you all laterrrrr
  • #244,367
  • Aug 9, 2010 2:55pm Aug 9, 2010 2:55pm
Quoting Pickensrulz

Welcome to "Ignore Country"

Your loss.
  • #244,368
  • Aug 9, 2010 2:59pm Aug 9, 2010 2:59pm
Price has stalled just above the upper boundary of the former channel. It's not the right time of day for new longs but I'll be looking for an entry tonight. I am probably going to be long going into NY tomorrow. Cheerio
  • #244,369
  • Aug 9, 2010 3:04pm Aug 9, 2010 3:04pm
The proprietary signal why the price may stall here.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 126 KB
  • #244,370
  • Aug 9, 2010 3:05pm Aug 9, 2010 3:05pm
Quoting Pickensrulz
sour SOB.

And you continue making my point for me as you can only resort to profanity and still can't contribute to the debate here.
  • #244,371
  • Aug 9, 2010 3:05pm Aug 9, 2010 3:05pm
Quoting trending
The proprietary signal why the price may stall here.

Nothing proprietary about that chart friend. Good luck.
  • #244,372
  • Aug 9, 2010 3:08pm Aug 9, 2010 3:08pm
Quoting Pickensrulz
Nothing proprietary about that chart friend. Good luck.
Thanks for pointing that out.
  • #244,373
  • Aug 9, 2010 3:09pm Aug 9, 2010 3:09pm
Quoting trending
Thanks for pointing that out.

Thanks for the comedy, at least we are getting a laugh out of him. He is just angry that we don't bow to his superior knowledge of his proprietary crackerjackbox system.
  • #244,374
  • Aug 9, 2010 3:37pm Aug 9, 2010 3:37pm
Support tested at 1.5893. Resistance tested at 1.5911. Current price below London close. I am putting in a buy limit at 1.5900 with stoploss at 1.5885.
  • #244,375
  • Aug 9, 2010 3:56pm Aug 9, 2010 3:56pm
Good Day for All
and special for Cloggie & 4xStar & Magix


{im never learn english. Im only read in english 5 years, not speak, not write - now im know, writing is very tought }


Im learning forex 4 monts, now in real account. Im noob. For me, box metod (with enhancement od Magix MA lines) is very usefull. But im not confident with drawing boxies. Im making to match errors, How to choice candle?? witch candle is the best for setup?? and witch candles to use, to drawing borderlines...


=> 4xStar- please, if is not a trouble, send me sample of your boxies for today and for friday in 5 min TF

(im read all Cloggie and Yours post for 4 weaks, but for me is to little).


Greetings

Y.

--------------------------------------------------

No Brain, no Pain ...
  • #244,376
  • Aug 9, 2010 5:10pm Aug 9, 2010 5:10pm
Ah...30m support on deck currently, I would expect to see a little buying into this action. Complete failure here means that we will be tackling the hourly 200EMA on chart listed.

As the Moving Averages are just that, MOVING...expect my targets and target areas to go with the flow.

If we continue to sell...don't be on the buy side, we have a daily support to challenge...if we start to buy...well, ride the tide for what she is worth.

All smiles, it's a new week and a lot of money for all of us on the table.

Chart one of what is now the broken channel as was posted this morning.
Chart 2, current and sitting on M30 support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chan.jpg Size: 66 KB
Click to Enlarge Name: supporth.jpg Size: 115 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,377
  • Aug 9, 2010 6:19pm Aug 9, 2010 6:19pm
progress down on low vol mag ...

buyers just not interested at the moment. Looks like lower support 1.5815 will be tested overnight thru London

Quoting Magix
Ah...30m support on deck currently, I would expect to see a little buying into this action. Complete failure here means that we will be tackling the hourly 200EMA on chart listed.

As the Moving Averages are just that, MOVING...expect my targets and target areas to go with the flow.

If we continue to sell...don't be on the buy side, we have a daily support to challenge...if we start to buy...well, ride the tide for what she is worth.

All smiles, it's a new week and a lot of money for all of us on the table.

Chart one of what is now the broken...
Blogging daily now at www.volume.zone
  • #244,378
  • Aug 9, 2010 6:36pm Aug 9, 2010 6:36pm
Quoting malcolmb14
progress down on low vol mag ...

buyers just not interested at the moment. Looks like lower support 1.5815 will be tested overnight thru London
It's summer mal, I am not really looking for excessive volume as much as direction. Cripes, I am still just a fart in the wind compared to the money that will flow through this bitch in the next week.

Under the realization that I am still not controlling direction, I guess I just gotta figure out the right place to mark my territory by pissing a line around safety.

Shit, ya gotta love it when it is just this easy.

1800 pips in a range worth of buying and now a time to sell, in the words of our French Canucks, Geaux Figga!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,379
  • Aug 9, 2010 6:39pm Aug 9, 2010 6:39pm
Quoting malcolmb14
progress down on low vol mag ...

buyers just not interested at the moment. Looks like lower support 1.5815 will be tested overnight thru London
The true line in the sand.

Do we got up from here, or continue to crush on down?
Attached Image (click to enlarge)
Click to Enlarge Name: lits.jpg Size: 71 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,380
  • Aug 9, 2010 6:55pm Aug 9, 2010 6:55pm
although summer volume is low i am looking at 15 min and daily volumes compared to last thursday friday only. Today we had a nice supply hit the market on a 15 min ( ultra high vol doji) at yesterdays poc , then been drifting down on low vol since.

Quoting Magix
It's summer mal, I am not really looking for excessive volume as much as direction. Cripes, I am still just a fart in the wind compared to the money that will flow through this bitch in the next week.

Under the realization that I am still not controlling direction, I guess I just gotta figure out the right place to mark my territory by pissing a line around safety.

Shit, ya gotta love it when it is just this easy.

1800 pips in a range worth of buying and now a time to sell, in the words of our French Canucks, Geaux Figga!

Blogging daily now at www.volume.zone
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