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Cable Update (GBPUSD)

  • #262,701
  • Nov 1, 2010 7:08pm Nov 1, 2010 7:08pm
Quoting chazzle
out for a few as well magix...looking for touch of EMA20 M5 for long again
well,got half of that move...
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  • #262,702
  • Nov 1, 2010 7:08pm Nov 1, 2010 7:08pm
Quoting Beljevina
NP - already posted there too ... was just curious if other MT4s are seeing high volume there too ... esignal would be best for confirming, and it's already posted in Malcolm-land! The size of the volume there is at a huge level & thus very rare - the ceiling for cable is not much farther beyond here IMO esp, with a daily doji behind us; this is potential SM influence here; unfortunately nothing on forexlive or another subscriber service.

EDIT: Malcolm has confirmed it on esignal ... we could be in for a big slide down me thinks...VSA...
Great info for those of us who don't follow volumes.

Thanks B
Cap
  • #262,703
  • Nov 1, 2010 7:13pm Nov 1, 2010 7:13pm
Just checking in to see the daily open here.

Quoting cloggie
6029 is now the key here together with 3863 on fibre. That pesky 6044 is still the driver for 6067. Just don't go entering any trades here without clear momentum to break through


This only took about 7 hours to play out but we got there in the end.

And I managed without getting any more threats to myself for a few hours. Am going to hang out at the fibre thread again tomorrow to see if there are any more knife wielding maniacs over there.
  • #262,704
  • Nov 1, 2010 7:28pm Nov 1, 2010 7:28pm
Quoting Beljevina
NP - already posted there too ... was just curious if other MT4s are seeing high volume there too ... esignal would be best for confirming, and it's already posted in Malcolm-land! The size of the volume there is at a huge level & thus very rare - the ceiling for cable is not much farther beyond here IMO esp, with a daily doji behind us; this is potential SM influence here; unfortunately nothing on forexlive or another subscriber service.

EDIT: Malcolm has confirmed it on esignal ... we could be in for a big...

so different MT4 could give different signal??... how lucky traders that use good MT4 (read; broke-r), hope you are in that.
I will be the number one Manager.
  • #262,705
  • Nov 1, 2010 7:33pm Nov 1, 2010 7:33pm
Quoting The Captain
Great info for those of us who don't follow volumes.

Thanks B
It was a very rare print of a bar on the M5 - almost showed equilibrium between huge buying & selling ... Malcolm confirmed possible markup ... we do though now have a perfect gravestone doji on M15 ... not completely conclusive as far as VSA goes in this case ... if the doji high holds, we should be good for 20-40 pips down to yest's low, but that's nary a trade; upside R1 at 1.608 would be surprising to breach in Asia, and my bias is to the downside. M15 unfolding nicely though.
  • #262,706
  • Nov 1, 2010 7:38pm Nov 1, 2010 7:38pm
Quoting javapips
so different MT4 could give different signal??... how lucky traders that use good MT4 (read; broke-r), hope you are in that.
In this case (see above), the bar was inconclusive, BUT the huge volume there leaned toward selling ... if your broker plays with his volume feed (too many do, even the reputable ones) OR one doesn't have a good liquidity provider, then it wouldn't have triggered anything with me. One can call it hindsight at this point, but the gravestone doji that followed kind of points to the huge volume as being more sellers, so it could be called an early signal for shorting potential. (Got some basic charts in Malcolm's thread)

Liquidity provider is key for the level of volume, but that's only one-third of VSA; in my case, I know I am getting a complete citibank feed, who is (again) aspiring to be the #1 LP in the world, with respectable portions of big boys feeding their volume pool.
  • #262,707
  • Nov 1, 2010 7:40pm Nov 1, 2010 7:40pm
Quoting Beljevina
It was a very rare print of a bar on the M5 - almost showed equilibrium between huge buying & selling ... Malcolm confirmed possible markup ... we do though now have a perfect gravestone doji on M15 ... not completely conclusive as far as VSA goes in this case ... if the doji high holds, we should be good for 20-40 pips down to yest's low, but that's nary a trade; upside R1 at 1.608 would be surprising to breach in Asia, and my bias is to the downside. M15 unfolding nicely though.
Good observation. I have a small bearish gartley on this pair too, which would lead to (more or less) S1.....can't post the chart at the moment, sorry. However, for me, it needs to break the DP before I get into it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #262,708
  • Nov 1, 2010 7:44pm Nov 1, 2010 7:44pm
trying a short here...bounce off the channel top
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  • #262,709
  • Nov 1, 2010 8:27pm Nov 1, 2010 8:27pm
Peeled out of a couple trades here, not real great on the week...

Bah...it's only Monday, and back to a somewhat regular account?!?!?!!?

The ? is a WTF, I know I closed that biznatch green.....

Maybe toooooooooo many beers today....

Heh.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,710
  • Nov 1, 2010 9:28pm Nov 1, 2010 9:28pm
Let's see if another compression formation in a smaller
TF will provide the spark to sustain a continuation and
further EMA separation and expansion on this 1H trend.

Remembering the earlier move began on multiple TFs
all gathering in sync in respective compression patterns
which generally provide greater energy for larger moves.

Dr. D.
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  • #262,711
  • Nov 1, 2010 9:37pm Nov 1, 2010 9:37pm
Quoting Magix

Maybe toooooooooo many beers today....

Heh.
Glad to see you staying true to your Albertan roots dude!
Cap
  • #262,712
  • Nov 1, 2010 9:40pm Nov 1, 2010 9:40pm
Quoting fourxtrader
Let's see if another compression formation in a smaller
TF will provide the spark to sustain a continuation and
further EMA separation and expansion on this 1H trend.

Remembering the earlier move began on multiple TFs
all gathering in sync in respective compression patterns
which generally provide greater energy for larger moves.

Dr. D.
Gunna try a long to line on chart, see how m30 holds or rejects....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,713
  • Nov 1, 2010 9:47pm Nov 1, 2010 9:47pm
Quoting The Captain
Glad to see you staying true to your Albertan roots dude!
A bit of a tea todler these days...

Guess I was a little quick on the trigger exit here...ooooooooops...

Yup, tooooooooo many beers. Might just take the night off.

$3 bux!

w00t!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,714
  • Nov 1, 2010 9:52pm Nov 1, 2010 9:52pm
Effin Awesome!

Never came into this message before...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,715
  • Nov 1, 2010 10:02pm Nov 1, 2010 10:02pm
I've posted this link on other threads, and will do so here for any looking to increase their understanding of the interconnectedness of the global market along with most everything that can be traded.

The page is updated daily with freebie text and video commentary on what's unfolded that day and what will be coming up, but describing events from a high level global perspective. The LFB page is run and populated by Marco Hague, who's had 30 years on the inside of the BoE as a trader and senior, and he does an excellent job of highlighting through his commentaries what's influencing and puling what where & why.

If you view the video from Friday Oct 28, it is both a summary of the week, but this round moreso a view to the pivotal nature of the week we're currently in, delving into commodities, equities, fx (yes, cable is briefly mentioned), along with an explanation to the key decisions that the market is expecting to receive this week.

It's not a "get 20 pips here & there" type service, but rather something that if you frequent/review enough times you would be able to understand why some of the movements & trends are actually underway. It's based on the premise that the fundamentals define what will happen, and the (chart) technicals set the barriers & limits: master this well enough, and appreciating wider stops, could get one closer to planning those multi-hundred pip trades. Admittedly though, this content won't be for everyone, since it's not easily grasped.

The Oct 28 video I'm referencing is 16 minutes in length; daily updates are posted there in the late NY afternoon usually. Enjoy.

http://seekingalpha.com/author/the-l...log/full_index
  • #262,716
  • Nov 1, 2010 10:34pm Nov 1, 2010 10:34pm
The line in the sand...as it were.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,717
  • Nov 1, 2010 11:32pm Nov 1, 2010 11:32pm
GAH!

Between shit spreads and orders that suck ass tonight....

Crappy little range, seems like a good evening to crash early!

Best o luck fellow cablers!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,718
  • Nov 2, 2010 12:30am Nov 2, 2010 12:30am
its time to buy gbp/usd hardcore!!
  • #262,719
  • Nov 2, 2010 12:33am Nov 2, 2010 12:33am
long
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  • #262,720
  • Nov 2, 2010 12:39am Nov 2, 2010 12:39am
Quoting Robot
its time to buy gbp/usd hardcore!!
As long as we below this line, we ain't long....

No effin way would I be buying now, but, hey, that's just me.

I ain't saying sell the bitch, but no buys below 30m resist.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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