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Cable Update (GBPUSD)

  • #443,441
  • Oct 11, 2016 11:42pm Oct 11, 2016 11:42pm
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  • #443,442
  • Oct 11, 2016 11:45pm Oct 11, 2016 11:45pm
http://www.bloomberg.com/news/articl...r-brexit-terms

May is flip-flop.......What to say?
  • #443,443
  • Oct 11, 2016 11:52pm Oct 11, 2016 11:52pm
Quoting ruma29
http://www.bloomberg.com/news/articl...r-brexit-terms flip-flop.......What to say?
Look at the huge bullish engulfing candles man.. Can't help but long gbpusd
  • #443,444
  • Oct 12, 2016 12:06am Oct 12, 2016 12:06am
Quoting mrnicecookie
{quote} Look at the huge bullish engulfing candles man.. Can't help but long gbpusd
On my MT4 with Market Volume template I have Vpoc at 2270 and Vpoc at 2316...
Vpoc = Volume Point of Control.....

Price may not drop to 2270 but it's an area I'd be watching closely....
Don't Leave Money on the Table
  • #443,445
  • Oct 12, 2016 12:10am Oct 12, 2016 12:10am
Quoting HaLBot
{quote} On my MT4 with Market Volume template I have Vpoc at 2270 and Vpoc at 2316... Vpoc = Volume Point of Control..... Price may not drop to 2270 but it's an area I'd be watching closely....
Maybe 2270 will be a good place to add longs?
  • #443,446
  • Oct 12, 2016 12:16am Oct 12, 2016 12:16am
Quoting mrnicecookie
{quote} Maybe 2270 will be a good place to add longs?
Yes I believe so as it's an area where traders want to do business...but don't do so just because I think it's a good place to buy....

If you do buy there please manage your SL closely as I never want anyone to lose money because of what I post. As I said may not reach there anyway but maybe better to wait till open of Euro/UK session
Don't Leave Money on the Table
  • #443,447
  • Oct 12, 2016 12:28am Oct 12, 2016 12:28am
Quoting HaLBot
{quote} Yes I believe so as it's an area where traders want to do business...but don't do so just because I think it's a good place to buy.... If you do buy there please manage your SL closely as I never want anyone to lose money because of what I post. As I said may not reach there anyway but maybe better to wait till open of Euro/UK session
How do u know that 2270 is a place where traders like to do business?
  • #443,448
  • Oct 12, 2016 12:37am Oct 12, 2016 12:37am
Quoting mrnicecookie
{quote} How do u know that 2270 is a place where traders like to do business?
This is a current 30 Minute Gbp/Usd chart using a Market Volume Profile Template on MT4 platform and it tells you where Vpoc's are located.....

Adam at my Brokers worked as a Prop Trader(Proprietry Trader) where they traded the Banks/Hedge Funds money and was saying when he worked there the professional traders never used indicators. I guess at some point you get that good you don't need them.
He said what you need to understand is Forex is an auction where traders agree to buy and sell currencies for certain prices and Vpoc must be the area they want to do most business. So the Vpoc template tells you where traders are buying and selling the most...
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Don't Leave Money on the Table
  • #443,449
  • Oct 12, 2016 12:40am Oct 12, 2016 12:40am
Quoting HaLBot
{quote} This is a current 30 Minute Gbp/Usd chart using a Market Volume Profile Template on MT4 platform and it tells you where Vpoc's are located..... Adam at my Brokers worked as a Prop Trader(Proprietry Trader) where they traded the Banks/Hedge Funds money and was saying when he worked there the professional traders never used indicators. I guess at some point you get that good you don't need them. He said what you need to understand is Forex is an auction where traders agree to buy and sell currencies for certain prices and Vpoc must be the...
Thanks for the insight. 2270 is here I am loading up longs...
  • #443,450
  • Edited 1:00am Oct 12, 2016 12:44am | Edited 1:00am
Quoting mrnicecookie
{quote} Thanks for the insight. 2270 is here I am loading up longs...
You load up longs of your own bat.......ok?

Also I looked up Adam on LinkedIn and he has an impressive track record in the financial sector with many years of trading and study....

I'd be more inclined to buy of 2250 and if it drops below 2250 then heading south again. Also now wish I had sold at 2320, but lots of trading ahead.....Also this area is a buy zone and there is usually a pullback of 50 odd pips from highs before buyers want to jump back in....
Don't Leave Money on the Table
  • #443,451
  • Oct 12, 2016 12:57am Oct 12, 2016 12:57am
Quoting mrnicecookie
{quote} Thanks for the insight. 2270 is here I am loading up longs...
i just made $1000, sold cable 1.2300
  • #443,452
  • Oct 12, 2016 1:06am Oct 12, 2016 1:06am
Europe will react to this

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Long before Frankfurt opens

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,453
  • Oct 12, 2016 1:10am Oct 12, 2016 1:10am
Quoting HaLBot
{quote} This is a current 30 Minute Gbp/Usd chart using a Market Volume Profile Template on MT4 platform and it tells you where Vpoc's are located..... Adam at my Brokers worked as a Prop Trader(Proprietry Trader) where they traded the Banks/Hedge Funds money and was saying when he worked there the professional traders never used indicators. I guess at some point you get that good you don't need them. He said what you need to understand is Forex is an auction where traders agree to buy and sell currencies for certain prices and Vpoc must be the...
22516 us an area where the price got rejected in last 2 days and you can see it in price action (wicks) and market profile.
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,454
  • Oct 12, 2016 1:10am Oct 12, 2016 1:10am
Quoting csubbra
{quote} i just made $1000, sold cable 1.2300
Jump into long now..
  • #443,455
  • Oct 12, 2016 1:12am Oct 12, 2016 1:12am
Quoting Ramadas
{quote} 22516 us an area where the price got rejected in last 2 days and you can see it in price action (wicks) and market profile. {image}

yeah nice one...
Don't Leave Money on the Table
  • #443,456
  • Oct 12, 2016 1:15am Oct 12, 2016 1:15am
Now is the question how the market will welcome these news from UK.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,457
  • Oct 12, 2016 1:18am Oct 12, 2016 1:18am
Quoting Ramadas
Now is the question how the market will welcome these news from UK.
We have some early Euro buying which is good news as Euros been on back foot for what seems like days now due to Dollar buying...
Don't Leave Money on the Table
  • #443,458
  • Oct 12, 2016 1:23am Oct 12, 2016 1:23am
Quoting USD-charts
So I go to the toilet in the middle of the night, come back and see cable having jumped up like this... really...Asian session is starting to look really annoying. Im most definitely getting rid of all pendin orders by end of US session.
I have the same thoughts
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,459
  • Oct 12, 2016 1:26am Oct 12, 2016 1:26am
Quoting Ramadas
{quote} 22516 us an area where the price got rejected in last 2 days and you can see it in price action (wicks) and market profile. {image}
The more it falls, the more I long....
  • #443,460
  • Oct 12, 2016 1:31am Oct 12, 2016 1:31am
Quoting mrnicecookie
{quote} The more it falls, the more I long....
Can't argue with that logic
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