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Cable Update (GBPUSD)

  • #273,241
  • Mar 1, 2011 7:39am Mar 1, 2011 7:39am
dollar index looks like another plunge on its way.
Attached Image (click to enlarge)
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  • #273,242
  • Mar 1, 2011 7:40am Mar 1, 2011 7:40am
Quoting bbakker
It is called 'lack of liquidity' before a new release. All the smart players withdraw from the market prior to a major news release and enter again once the direction has been set. Therefore, price can bounce around prior to news releases. Unless you are already in a trade, you are advised not to enter prior to a news release. I have rules in place if I am already in a trade, whereby I either close the position if the price is close to entry or move the SL to BE if price is some distance from entry.

We are back at the messy demand area! Will it...
tks bbaker
i have my finger ready to close the position
im not sure will go below 6254
90% of traders use TA, indicators and prediction
  • #273,243
  • Mar 1, 2011 7:45am Mar 1, 2011 7:45am
These two conditions drive the mob yet the market always
offers opportunities to find good valuation in the trade.

Why not wait for the mob to show its hand rather than
jump the gun in greed or delay in fear. The compression
pattern is the early warning sign that things will heat up
and a sustained move will likely occur.

Wait for the breakout and then you'll catch either the
under value for the buy or the over value for the sell.

Don't ask which direction.... when the charts will safely
lead you.

Dr. D.
  • #273,244
  • Mar 1, 2011 7:48am Mar 1, 2011 7:48am
Quoting bbakker
We are back at the messy demand area! Will it hold?
Another hold... blimey, the bulls really do have this one between their teeth!
  • #273,245
  • Mar 1, 2011 7:53am Mar 1, 2011 7:53am
Quoting bbakker
Another hold... blimey, the bulls really do have this one between their teeth!
yes.
6410 comes soon on this way.
in my hystory table gbp usd shorts are all red except one @6320 already targeted.
90% of traders use TA, indicators and prediction
  • #273,246
  • Mar 1, 2011 7:54am Mar 1, 2011 7:54am
To the person who asked why i marked that level beforehand:

Before:
Attached Image (click to enlarge)
Click to Enlarge Name: 01-Mar-11 1-23-17 PM.png Size: 33 KB


After:
Attached Image (click to enlarge)
Click to Enlarge Name: 01-Mar-11 4-50-42 PM.png Size: 33 KB


Wormboy also has a great view on GU which is projecting this a tad higher. Im still in my longs.
  • #273,247
  • Mar 1, 2011 8:15am Mar 1, 2011 8:15am
Quoting Orbital
To the person who asked why i marked that level beforehand:

http://www.forexfactory.com/attachme...1&d=1298994828
Im still in my longs.
Worship the GOD within and turn away from all the rest.

Dr. D.
  • #273,248
  • Mar 1, 2011 8:44am Mar 1, 2011 8:44am
The Yen is showing strength against all currencies
and tugging against this current breakout attempt.

Dr. D.
Attached Images
  • #273,249
  • Mar 1, 2011 8:49am Mar 1, 2011 8:49am
Quoting fourxtrader
Worship the GOD within and turn away from all the rest.

Dr. D.
lol... He is the master of supply and demand! I highly recommend watching his webinars on fxstreet if you want to know more. The links are in priceaction's thread (1st post), which has now been moved to the commercial section. Seems Rob is now considered a commercial enterprise - http://www.forexfactory.com/showthread.php?t=255586
  • #273,250
  • Mar 1, 2011 8:50am Mar 1, 2011 8:50am
Quoting fourxtrader
Worship the GOD within and turn away from all the rest.

Dr. D.
Doc, you've really got me thinking there......
Looking for candle clear below 16316 5 min.
All systems of divination, like music itself,work through patterns.
  • #273,251
  • Mar 1, 2011 8:55am Mar 1, 2011 8:55am
Quoting bbakker
lol... He is the master of supply and demand! I highly recommend watching his webinars on fxstreet if you want to know more. The links are in priceaction's thread (1st post), which has now been moved to the commercial section. Seems Rob is now considered a commercial enterprise - http://www.forexfactory.com/showthread.php?t=255586
OK then, give praise to the supply and demand master...
and to all else guard your pocketbooks.

Dr. D.
  • #273,252
  • Mar 1, 2011 8:57am Mar 1, 2011 8:57am
Quoting kaspopsicle
Doc, you've really got me thinking there......
Looking for candle clear below 16316 5 min.
Why not respect the 'force'... it's still beckoning upward.

Dr. D.
  • #273,253
  • Mar 1, 2011 9:04am Mar 1, 2011 9:04am
Quoting fourxtrader
OK then, give praise to the supply and demand master...
and to all else guard your pocketbooks.

Dr. D.
lol

There are many ways to skin a cat. There is not a right way or a wrong way, but as long as one chooses a way that suits them and makes them successful, who am I to argue
  • #273,254
  • Mar 1, 2011 9:05am Mar 1, 2011 9:05am
it is time to go short ?i think it is .
A chart helps those who can read it.
  • #273,255
  • Mar 1, 2011 9:15am Mar 1, 2011 9:15am
multiple tests on the previous swing lo extending down to 6252 (23.6% 6030-6328) this also a previous 4hr/daily swing hi zone....and supply coming in again at 6328 (current daily hi...)

G/L
Attached Image
ex member
  • #273,256
  • Mar 1, 2011 9:15am Mar 1, 2011 9:15am
go down damn pound..go to the abyss
Never again will fade the trend
  • #273,257
  • Mar 1, 2011 9:19am Mar 1, 2011 9:19am
Quoting bbmac
multiple tests on the previous swing lo extending down to 6252 (23.6% 6030-6328) this also a previous 4hr/daily swing hi zone....and supply coming in again at 6328 (current daily hi...)

G/L
Three circles down and only two circles up?
Why argue with the 'force'.
Might be a good reason to still think long. lol

Dr. D.
Attached Image
  • #273,258
  • Mar 1, 2011 9:23am Mar 1, 2011 9:23am
Quoting fourxtrader
Why not respect the 'force'... it's still beckoning upward.

Dr. D.
sorry to post after the deed but had another crash as i loaded down @16307 next level ema 200 at
16279 5min/... daily roll '@16258
All systems of divination, like music itself,work through patterns.
  • #273,259
  • Mar 1, 2011 9:25am Mar 1, 2011 9:25am
Quoting fourxtrader
Why not respect the 'force'... it's still beckoning upward.

Dr. D.
Oops , you got me there.
All systems of divination, like music itself,work through patterns.
  • #273,260
  • Mar 1, 2011 9:25am Mar 1, 2011 9:25am
Quoting kaspopsicle
sorry to post after the deed but had another crash as i loaded down @16307 next level ema 200 at
16279 5min/... daily roll '@16258
Squeeze every pip!

Dr. D.
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