Cable Update (GBPUSD)

sorry should of posted this with my morning post but was on the iphone

[quote=nealpek;8873233]For you ASGCORP: Believe it or not, Most of my trades occur within the first 2-5 hours after the 5pm est close. I have found some very interesting info by studying where the last hourly candle of the day closes. Volume shows itself in very strange places and peculiar times. Ex: yesterday the 12pm candle. Near the bottom of a range, unusual high vol, but price couldn't move very much. The couple of down bars just before it had lots of movement on less volume. Must be absorption, someone is not letting price move higher. As most of my trades occur near the new days open, the market already tipped its hand in the vol, as to which direction this should be going. I shorted on the close of the 1st hourly bar of the new day, and placed my stop just above the vol bar in question. Cashed out at around .4151 because of the wonderful news to come this morning. Waiting to see what forms for the next trade. Vol is subtle, and to use it effectively, you have to spot these things occurring at different places. Have fun!! {image
HI NEALPEK
Thanks for sharing such important information for benefit of the forum members.
Can you give the above time in GMT, so that I can also avail this information.

Tried a short: we'll see....

dollar getting smashed here due to low cpi print

Im flat dollar getting smashed atm GU can get some push

4200 will be watch number the possible is 4600m ?? opinion for now lets see

GMT is 4 hours ahead, so the 5pm close would be the 9pm candle to you, I believe...

maybe someone heard that i need it to go higher. lol

it's not there yet don't take your chances bro )))

Thanks for the clarification

ARasheed

Just for fun, anyone short at the moment?

No one?

Have a short order on 1.4148

The power of using tiny lots

my 4175 short is still standing and still green , even while i slept 3 hours

4124 week open is minor support, once below the drop gets bigger

wtg

Short from 41470

TP 1.40521

Its bouncing around like a motha trucker atm. I can see volume, so hoping the break will be bearish.

Can i know whats your normal RR rate, and what is the normal sl for a trade on support or resistance level. and do you use some indicator to identify sup and res levels.
Thank You

enjoy the ride guys

this is what i call making a prophecy