Nobody long with gpbusd and gbpjpy 
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Cable Update (GBPUSD)
- #391,763
- Aug 7, 2014 7:15am Aug 7, 2014 7:15am
- Joined Jul 2012 | Status: Price Action Trader,Systems Coder | 615 Posts
Nobody long with gpbusd and gbpjpy
Added short on GBPUSD @ 1.6855 after no rate interest hike was done by Carney's BOE . I had a protected buy stop @ 1.6865 which is also a pip above todays high and I do have a sell stop @ 1.6833 (1 pip below today's low) and sell stop @ 1.6820 ( 1 pip below yesterday's low) with an objective to clear 1.6750-60 range.
Scoobi doobi doo
- #391,764
- Aug 7, 2014 7:15am Aug 7, 2014 7:15am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
tick tock tick tock tick tock
Come with me if you want to live....
- #391,765
- Aug 7, 2014 7:20am Aug 7, 2014 7:20am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
- #391,766
- Aug 7, 2014 7:26am Aug 7, 2014 7:26am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Nobody long with gpbusd and gbpjpy
- #391,767
- Aug 7, 2014 7:31am Aug 7, 2014 7:31am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} It has to close 6400 gap and this is the best chance for it.
- #391,769
- Aug 7, 2014 7:39am Aug 7, 2014 7:39am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} to HDA, i m too waiting for this level... hanging with you..
- #391,770
- Aug 7, 2014 7:39am Aug 7, 2014 7:39am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
One Butt Ugly Price Pattern
Come with me if you want to live....
- #391,771
- Aug 7, 2014 7:43am Aug 7, 2014 7:43am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
One Butt Ugly Price Pattern
- #391,774
- Aug 7, 2014 7:49am Aug 7, 2014 7:49am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
One Butt Ugly Price Pattern
Ghost Rider - WWTBMD?
- #391,777
- Aug 7, 2014 7:55am Aug 7, 2014 7:55am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Doesn't look good for cable. {image}
That's just when it's..... BOOM!! 7000!! 
(kidding ... kidding folks)
Ghost Rider - WWTBMD?
- #391,778
- Aug 7, 2014 7:58am Aug 7, 2014 7:58am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
{quote} Mmmmmmmm.... Buffalo.
Come with me if you want to live....
- #391,779
- Aug 7, 2014 7:58am Aug 7, 2014 7:58am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Good Morning DF
- #391,780
- Aug 7, 2014 7:59am Aug 7, 2014 7:59am
- | Joined Feb 2011 | Status: Trader | 1,237 Posts
{quote} Good Morning DF
As I said before I am not a VSA guy, but the pink Climax Churn bar looks quite interesting.
According to http://emini-watch.com/free-stuff/volume-indicator/
High Volume Churn bars are typically seen at:
- The end of up trends
- The end of down trends, and
- Profit taking mid-trend.
“I like to think of the High Volume Churn bars as ‘brakes’. It’s like hitting the brakes – usually, the car will stop shortly thereafter (1-2 points), and then turn around. At other times, however, the momentum is so great that all you get is a pause and then the market just continues going in the same direction! Unfortunately, sometimes it is hard to tell which outcome will occur. Then you just need common sense.”
Maybe the "BOOM!! 7000!!" will be the outcome.
Difficult to say what kind of clue this bar
