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Cable Update (GBPUSD)

  • #411,481
  • Mar 13, 2015 10:40am Mar 13, 2015 10:40am
Quoting Makavell
We'll see 1.4557. The line on the sand is 1.5047
Cool cash all the way... taking my loot at 1.4557
  • #411,482
  • Mar 13, 2015 12:37pm Mar 13, 2015 12:37pm
none are trend lines so I'm wondering how you could trade them

Quoting GrowthHack
{quote} its weekend so we can expect total around 200 pips move, i think 1.4666 / 4680 {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #411,483
  • Mar 13, 2015 12:46pm Mar 13, 2015 12:46pm
Quoting karolisl
Buyers stepped in, today could be flat, but next week we should see up move. P.S. even today we cant see 1.4794 Good luck
uuumm, if you seen buying you better flip your monitor upside down, GBP has been getting hammered across the board for a couple of days now well weeks really, 252 pips down or so in the gbpjpy just today, , 600 or better in the gbpaud ,327 down in the last 2 days in the usd gbp,. I cant see where that translates to buying. That's just a good old fashioned whooping ,lol
  • #411,484
  • Mar 13, 2015 12:49pm Mar 13, 2015 12:49pm
Geez the eur even kicked its butt today.
  • #411,485
  • Mar 13, 2015 12:50pm Mar 13, 2015 12:50pm
Quoting digger1
{quote} uuumm, if you seen buying you better flip your monitor upside down, GBP has been getting hammered across the board for a couple of days now well weeks really, 252 pips down or so in the gbpjpy just today, , 600 or better in the gbpaud ,327 down in the last 2 days in the usd gbp,. I cant see where that translates to buying. That's just a good old fashioned whooping ,lol
For that i use modified and specified VSA. If you don't know it, just read somewhere even basics..
  • #411,486
  • Mar 13, 2015 12:55pm Mar 13, 2015 12:55pm
Quoting karolisl
{quote} For that i use modified and specified VSA. If you don't know it, just read somewhere even basics..
Did it tell you to short at any point in time the last 2 weeks and did you?
  • #411,487
  • Mar 13, 2015 12:57pm Mar 13, 2015 12:57pm
i'm intraday trader, i'm not chasing weekly monthly moves. For it's enough 20 pips a day. Some days more pips, some days zero.
  • #411,488
  • Mar 13, 2015 1:00pm Mar 13, 2015 1:00pm
Quoting karolisl
i'm intraday trader, i'm not chasing weekly monthly moves. For it's enough 20 pips a day. Some days more pips, some days zero.
Not trying to be a jackass but trying to pick a bottom for the last 2 weeks to make 20 or 30 pips , well I guess it makes more sense to me to find an area to sell and make 4 times that, intraday or not. Just saying
  • #411,489
  • Mar 13, 2015 1:04pm Mar 13, 2015 1:04pm
Big support + i see some buying. Why not participate ? I'f i'm wrong i try to leave with small loss. I don't see nothing wrong with my trade
  • #411,490
  • Mar 13, 2015 1:06pm Mar 13, 2015 1:06pm
Quoting karolisl
Big support + i see some buying. Why not participate ? I'f i'm wrong i try to leave with small loss. I don't see nothing wrong with my trade
Well hey if your happy and making money, cool. Somebody has got to sell them back and forth , still be better to leave with a big win Id rather participate in that
  • #411,491
  • Mar 13, 2015 1:48pm Mar 13, 2015 1:48pm
I waited for the main support to break for confirmation and went short twice. There isn't any reason for Sterling to be weak, but I don't question these moves anymore. From a technical point of view it resumed it's bearish trend with huge moves. That tiny cat bounce is just normal profit taking.
Attached Image (click to enlarge)
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  • #411,492
  • Mar 13, 2015 2:12pm Mar 13, 2015 2:12pm
Quoting emanco
I waited for the main support to break for confirmation and went short twice. There isn't any reason for Sterling to be weak, but I don't question these moves anymore. From a technical point of view it resumed it's bearish trend with huge moves. That tiny cat bounce is just normal profit taking. {image}
Does anything really need a reason anymore lol, Pretty good free fall since the failure at resistance, dang near made it back to the quarterly roll, didnt stay there long tho. Ive been hammering it since the failure there. the pink lines are the 272 and 618 fib extensions of January trading range. Been a quick trip across there lol .
Attached Image (click to enlarge)
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  • #411,493
  • Mar 13, 2015 2:19pm Mar 13, 2015 2:19pm
Quoting digger1
{quote} Does anything really need a reason anymore lol, Pretty good free fall since the failure at resistance, dang near made it back to the quarterly roll, didnt stay there long tho. Ive been hammering it since the failure there. the pink lines are the 272 and 618 fib extensions of January trading range. Been a quick trip across there lol .{image}
only auto lines and auto channels.. god bless you and your account.
  • #411,494
  • Mar 13, 2015 2:30pm Mar 13, 2015 2:30pm
Quoting karolisl
{quote} only auto lines and auto channels.. god bless you and your account.
Why thanx , he has. You seem to be a vsa guy. Took a 2 week class with supposedly 2 vsa pro s teaching it. Watched the same thing over and over, they lose 50 pips trying to pick a top or bottom to make 20 or 30. Not that you learn it in two weeks but I seen enough , lucky for them the class was only 2 weeks or their accts would have been gone. May work where actual real volume is measured. It will never work for me lol. As I said, if it works for you, great , I don't need it . Not auto lines by the way, I still place them.
  • #411,495
  • Mar 13, 2015 2:41pm Mar 13, 2015 2:41pm
only newbies trying to pick tops and bottoms with vsa or no.. Today i took last trade on bottom, but here was more than vsa.. Vsa you should use with trend, not with botom/ top..

You mention 2 weeks, it's impossible to learn VSA in two weeks In two weeks you can read book, but not learn to trade. And old VSA has been changed..
  • #411,496
  • Mar 13, 2015 2:50pm Mar 13, 2015 2:50pm
Quoting karolisl
only newbies trying to pick tops and bottoms with vsa or no.. Today i took last trade on bottom, but here was more than vsa.. Vsa you should use with trend, not with botom/ top.. You mention 2 weeks, it's impossible to learn VSA in two weeks In two weeks you can read book, but not learn to trade. And old VSA has been changed..
Going back thru your posts today and then looking at price , hope you wasn't using vsa for the levels you mentioned , . Sure it cant be learned in two weeks, once again as I said if it works for you, great . I cant be converted. Lol
  • #411,497
  • Mar 13, 2015 3:13pm Mar 13, 2015 3:13pm
Quoting karolisl
only newbies trying to pick tops and bottoms with vsa or no.. Today i took last trade on bottom, but here was more than vsa.. Vsa you should use with trend, not with botom/ top.. You mention 2 weeks, it's impossible to learn VSA in two weeks In two weeks you can read book, but not learn to trade. And old VSA has been changed..
One for the road since you like my simple charts and I cant stand to stare at volume bars. Here is the whole down move on the gbpusd on just a simple hourly chart and yes the averages are plotted automatically lol. 853 pips down roughly, 2 up moves big enough to measure on an hourly chart for 249 pips of which I did get a few of them. when something is trending strong my kid could trade this chart and be in the right way and he is only nine. All a day trader had to do was set a few orders even conservatively in the red circles and would not have struggled to hard to make a few sheckles. When something is trending I like to squeeze it for every pip its worth and I did, not measure volume bars and try to decide if it was stopping volume or this volume or that buyers sellers etc etc . You say the old vsa has been changed , why did they change it. They didnt need to change the averages. Here's to everyone having a great weekend
Attached Image (click to enlarge)
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  • #411,498
  • Mar 13, 2015 3:19pm Mar 13, 2015 3:19pm
anybody know why GBP was very very weak for the past couple days??
  • #411,499
  • Edited 3:39pm Mar 13, 2015 3:24pm | Edited 3:39pm
For the record , I am trying to teach my kid what I have learned about trading , it probably aint a lot lol, but may help him somewhere down the road .
  • #411,500
  • Mar 13, 2015 3:41pm Mar 13, 2015 3:41pm
Quoting Mairan
anybody know why GBP was very very weak for the past couple days??
Wednesday or Thursday BOE governors speech was more dovish sounding than expected and dollar strength
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