Cable Update (GBPUSD) | Page 12320 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #246,381
  • Aug 18, 2010 1:20am Aug 18, 2010 1:20am
Quoting Scipionz
Fx is not centralize market, so no true volume.
Daily range is an average, it can be more or less.

Good trading!
wrong and right . I trade fx with vsa all the time ... 85 % of my posts are before the fact based on volume.
Blogging daily now at www.volume.zone
  • #246,382
  • Aug 18, 2010 1:20am Aug 18, 2010 1:20am
Quoting ns_karthik
just wondering....how come we dropped 90 pips under low volume over the past 6 hrs when the daily average is only 140 pips ?
you will have to get a vsa trader to explain that one , mkts move wether there is volume or not , as far as the daily range thats all it is ,an average over so many days , in that count there have days bigger and smaller ,could be a big day in store
  • #246,383
  • Aug 18, 2010 1:21am Aug 18, 2010 1:21am
Quoting Scipionz
Fx is not centralize market, so no true volume.
Daily range is an average, it can be more or less.

Good trading!
well, agree with ur theory....but i aint talking abt true volume here....i am talking abt relative volume....if u use the same broker and the ups and downs in the volume are indeed ups and downs...they dont point to exact volume but they do tell u that the volume is going up and down....so, not having true volume does not mean that u cannot talk abt volume...

i do know that ADR is an average....but if we drop 90 now and with london and US to come....extrapolating it, u get atleast 270 pips drop, if the big boys want to bring it down.....what this would actually mean is that u have a topsy turvy day where they bring it up, then down, then up, then down so that all of them make money but within the 140-170 pip range....
  • #246,384
  • Aug 18, 2010 1:26am Aug 18, 2010 1:26am
Quoting Magix
Now, if we were to see any sort of buying into London open, I would expect that they buy back up to their daily lows and then continue the trend....downwards.

Area on chart.
Just close my short on DS1 (from 5685) now Im long (on the hammer M15, will close it below the low of yesterday, and will reverse to short (let we see but risk minimum on this long)
Trade with the momentum
  • #246,385
  • Aug 18, 2010 1:26am Aug 18, 2010 1:26am
interesting move on gu , thought there was strength at 1.5550 , this could be mark down of sorts into 1.5500 major support level. Or positioning ahead of what is maybe as important as rate announcement.

es has dropped 10 points since us close even though asia markets are steady . May also be demand on usd due to vietnam devaluing its currency by 2.3 %

Quoting ns_karthik
well, agree with ur theory....but i aint talking abt true volume here....i am talking abt relative volume....if u use the same broker and the ups and downs in the volume are indeed ups and downs...they dont point to exact volume but they do tell u that the volume is going up and down....so, not having true volume does not mean that u cannot talk abt volume...

i do know that ADR is an average....but if we drop 90 now and with london and US to come....extrapolating it, u get atleast 270 pips drop, if the big boys want to bring it down.....what this...
Blogging daily now at www.volume.zone
  • #246,386
  • Aug 18, 2010 1:27am Aug 18, 2010 1:27am
Quoting ns_karthik
well, agree with ur theory....but i aint talking abt true volume here....i am talking abt relative volume....if u use the same broker and the ups and downs in the volume are indeed ups and downs...they dont point to exact volume but they do tell u that the volume is going up and down....so, not having true volume does not mean that u cannot talk abt volume...

i do know that ADR is an average....but if we drop 90 now and with london and US to come....extrapolating it, u get atleast 270 pips drop, if the big boys want to bring it down.....what this...
unless they are all going the same way , and they still all make money lol
  • #246,387
  • Aug 18, 2010 1:29am Aug 18, 2010 1:29am
Quoting malcolmb14
interesting move on gu , thought there was strength at 1.5550 , this could be mark down of sorts into 1.5500 major support level. Or positioning ahead of what is maybe as important as rate announcement.

es has dropped 10 points since us close even though asia markets are steady . May also be demand on usd due to vietnam devaluing its currency by 2.3 %

got hit by huge buy volume when price hit 1.5500....so might take a while for it to break thru, if it plans to....my guess is that it will go up till 1.5560 or so....and then things will get interesting...

somehow i feel that MPC meeting will lead to nothing and that things will be as expected and hence nothing special..
  • #246,388
  • Aug 18, 2010 1:29am Aug 18, 2010 1:29am
Quoting malcolmb14
wrong and right . I trade fx with vsa all the time ... 85 % of my posts are before the fact based on volume.
Fact you follow a tech based on volume dosen't change anything at all about my affirmation.

You can get the volume of your broker, or maby associates ones, but still...
You don't have ALL the volume, so you don't have the "volume".

Simple.
Good trading!
"Flip that coin!"
  • #246,389
  • Aug 18, 2010 1:33am Aug 18, 2010 1:33am
Quoting Scipionz
Fact you follow a tech based on volume dosen't change anything at all about my affirmation.

You can get the volume of your broker, or maby associates ones, but still...
You don't have ALL the volume, so you don't have the "volume".

Simple.
Good trading!
well, as i said, u dont need actual volume....all u need is relative volume, which any broker will provide....i mean, why would u need actual volume? what difference does it make to know if someone bought 1000 lots or 1001 lots? all u need to know is where the big buys and sells happen....
  • #246,390
  • Aug 18, 2010 1:33am Aug 18, 2010 1:33am
I am on Dukascopy Live and this been done on high volume on my side...

My point is you better make call on accurate info, not random one.
And in fact, I don't got such point, I'm only trying to help.

Good trade!



Quoting ns_karthik
well, agree with ur theory....but i aint talking abt true volume here....i am talking abt relative volume....if u use the same broker and the ups and downs in the volume are indeed ups and downs...they dont point to exact volume but they do tell u that the volume is going up and down....so, not having true volume does not mean that u cannot talk abt volume...

i do know that ADR is an average....but if we drop 90 now and with london and US to come....extrapolating it, u get atleast 270 pips drop, if the big boys want to bring it down.....what this...
Attached Image (click to enlarge)
Click to Enlarge Name: dhv.jpg Size: 51 KB
"Flip that coin!"
  • #246,391
  • Aug 18, 2010 1:34am Aug 18, 2010 1:34am
Quoting Scipionz
Fact you follow a tech based on volume dosen't change anything at all about my affirmation.

You can get the volume of your broker, or maby associates ones, but still...
You don't have ALL the volume, so you don't have the "volume".

Simple.
Good trading!
how about a feed that has the major 200 data sources for fx into one ... would that make you happy ?
Blogging daily now at www.volume.zone
  • #246,392
  • Aug 18, 2010 1:35am Aug 18, 2010 1:35am
Quoting Scipionz
I am on Dukascopy Live and this been done on high volume on my side...
can u post a chart so that we can see? amazed that u have high volume in asia when compared to london or USA...can u post the chart ?? without a chart, i would really think twice...
  • #246,393
  • Aug 18, 2010 1:36am Aug 18, 2010 1:36am
Quoting malcolmb14
wrong and right . I trade fx with vsa all the time ... 85 % of my posts are before the fact based on volume.
Malcolmb, do you think GBP futures volume data is a good source for VSA ?

have a look at the vol bars in the chart, I just took this snap shot a few min ago, tell me what you think
Attached Image (click to enlarge)
Click to Enlarge Name: 6B 09-10 8_18_2010 (15 Min).jpg Size: 99 KB
  • #246,394
  • Aug 18, 2010 1:36am Aug 18, 2010 1:36am
Quoting ns_karthik
got hit by huge buy volume when price hit 1.5500....so might take a while for it to break thru, if it plans to....my guess is that it will go up till 1.5560 or so....and then things will get interesting...

somehow i feel that MPC meeting will lead to nothing and that things will be as expected and hence nothing special..
heres a thought , how many stops you think were sitting in the area 50 to a 100 pips below last weeks low at 1.5561
  • #246,395
  • Aug 18, 2010 1:39am Aug 18, 2010 1:39am
Quoting Scipionz
I am on Dukascopy Live and this been done on high volume on my side...

My point is you better make call on accurate info, not random one.
And in fact, I don't got such point, I'm only trying to help.

Good trade!
well, look at it again.....were the sells on high volume or was the price being stopped at high volume? think again!!
  • #246,396
  • Aug 18, 2010 1:41am Aug 18, 2010 1:41am
Quoting digger1
heres a thought , how many stops you think were sitting in the area 50 to a 100 pips below last weeks low at 1.5561
well, i didnt say that we are going to go all the way back up to 1.6....not now atleast...
  • #246,397
  • Edited 1:59am Aug 18, 2010 1:42am | Edited 1:59am
Quoting malcolmb14
how about a feed that has the major 200 data sources for fx into one ... would that make you happy ?
Read my lips! : I DON'T CARE!!!

She was asking a question, I gave an interpretation then you reply at my comments.
I am not pushing a point.

Do as you feel! I can bet accuratly that you don't need me know if this work or not.....

Quoting ns_karthik
well, look at it again.....were the sells on high volume or was the price being stopped at high volume? think again!!
This make alot of volume up and down then.... Muhhah!
Price move down, high volume... simple.

You did ask a question... and now you are making kinda affirmation.
Seems you have your answer finaly...




Later!
"Flip that coin!"
  • #246,398
  • Aug 18, 2010 1:43am Aug 18, 2010 1:43am
Quoting joemiami
Malcolmb, do you think GBP futures volume data is a good source for VSA ?

have a look at the vol bars in the chart, I just took this snap shot a few min ago, tell me what you think
futures is awesome for daily , but i find it low volume this time of day , futures mostly traded when us is open

here is esignal gtis feed ... all the highlighted candles mean something

Interbank feed also works well .

Attached Image (click to enlarge)
Click to Enlarge Name: chart2682.png Size: 189 KB
Blogging daily now at www.volume.zone
  • #246,399
  • Aug 18, 2010 1:47am Aug 18, 2010 1:47am
Price breaks below Monday's low and is also below the weekly and now daily pivot and a decisive break of rising trendline / channel on daily t/f....downside pressure persists, currently finding some demand around the 5000 level.,,...around 200sma on daily t/f

I mentioned last week main potential support factors confluence exists per my analysis at any rate 5469-5440...Mni adding that 5459 is also 1.618% fib ext of 5552-5703 move,...(5456 is 61.8% 5117-5997 as 5469 is 4944-5997....5469-40 being the previous 1hr swing lo zoine, 5469-48 being the previous daily swing hi zone....all this in a previous weekly swing hi zone extending 5520-5443.

Uk Boe/Mpc minutes at 0830am gmt...will it be 8-1 ot 7-2 ?? or even more of a split ? Andrew Sentance the obvious hawk but with new members on the mpc it could be more of a split ? possible !...but then again....

G/L
ex member
  • #246,400
  • Aug 18, 2010 1:47am Aug 18, 2010 1:47am
Quoting 4xStar
I see what you're saying but I would want to see longer 'congestion' and a couple more spikes down (which we may get between now & LO). The other one lasted many hours with clear triple tops.
Waiting to see how this plays out .. my bias is lower because of 4h but the lower tf's are a definite 'maybe'
You're right that lasted longer and the resistance was far more fierce...

It has already cut through.....
Hear the music before the song is over ...
474 traders viewing now, 3 are registered:
,
,