Cable Update (GBPUSD) | Page 1029 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #20,561
  • Jul 20, 2007 3:01pm Jul 20, 2007 3:01pm
Making 15 pips free and clear a trade is bull.... anyway.

Cable has moved up 960 pips since mid june so 15 pips/trade = 64 trades, which equates to 64 times to possible be wrong.
  • #20,562
  • Jul 20, 2007 3:10pm Jul 20, 2007 3:10pm
Some ppl are better ST players than others, Swing trading is a longer game. Trend trading is where the money is set the trade and not even look at it for a week or so then its only to add positions

But that guy going for 10 p 15 p a trade prolly makes 20 a day every switch back.
"Millionaires don't use astrology, billionaires do"
  • #20,563
  • Jul 20, 2007 3:52pm Jul 20, 2007 3:52pm
Quoting OrionsWay
Some ppl are better ST players than others, Swing trading is a longer game. Trend trading is where the money is set the trade and not even look at it for a week or so then its only to add positions

But that guy going for 10 p 15 p a trade prolly makes 20 a day every switch back.
Not most of the ones on this thread. They make 15 pips and then lose 30. Betting against the trend mostly.
  • #20,564
  • Jul 20, 2007 4:41pm Jul 20, 2007 4:41pm

Does anyone think that the support just under 2.07 hit in 1979 will have any effect in present trading? Is 20+ year old support/resistance worth looking at?

  • #20,565
  • Jul 20, 2007 6:09pm Jul 20, 2007 6:09pm
Quoting danegg7

Does anyone think that the support just under 2.07 hit in 1979 will have any effect in present trading? Is 20+ year old support/resistance worth looking at?

yes
  • #20,566
  • Jul 20, 2007 7:54pm Jul 20, 2007 7:54pm
Quoting dd33
Brother.. that call was made yesterday.. and zoom out ur chart.. u will see that AUD is still climbing and bullish.. to short without S/L on bullish pair need lots of balls..
aud is still climbing and bullish but that short was the easiest 50 pips ever. 1.8760 long
  • #20,567
  • Jul 20, 2007 8:04pm Jul 20, 2007 8:04pm
Quoting wwwin
Yep, that will tell us if went up on short covering or on new open longs. I will know those on Monday.

wwwin:

Explain please.

Thanks
  • #20,568
  • Jul 20, 2007 8:42pm Jul 20, 2007 8:42pm
Quoting danegg7

Does anyone think that the support just under 2.07 hit in 1979 will have any effect in present trading? Is 20+ year old support/resistance worth looking at?

Not much at all. On daily chart it was just a short-term pivot and then traded below that point 8/9 months later with only moderate reaction.
  • #20,569
  • Edited 9:17pm Jul 20, 2007 9:07pm | Edited 9:17pm
Quoting winterwhite
wwwin:

Explain please.

Thanks
if you look back around on 12/1/06 the rally stalled at around 1.9800 and then went down to around 1.9350 on 1/7/07. Thereafter another rally started that again stalled around 1.9800 on 1/23/07, and went down to 1.9267 on 3/14/07. The significance is that the area around 1.9800 had been resistance I believe something like 16 years before, and had not been tested for that amount of time, don't remember exactly how long before but a long time before, you can check it out. So even thought it had been more than a decade before, it was still very significant resistance area to take out, it stopped twice at that exact area and fell sharply, and it took 3 tries to take it out., (THE CHART THAT I AM LOOKING AT IS A FUTURES CHART, SO THE PRICES MIGHT BE A FEW PIPS DIFFERENT THAN A SPOT CHART, BUT IT WOULD BE SIGNIFICANT ON A SPOT PRICE TOO.)
  • #20,570
  • Jul 20, 2007 9:43pm Jul 20, 2007 9:43pm
maybe GU is getting into wave a....

http://img128.imageshack.us/img128/4172/gusm4.jpg
  • #20,571
  • Edited Jul 21, 2007 12:37pm Jul 20, 2007 10:00pm | Edited Jul 21, 2007 12:37pm
Quoting soros_junior
maybe GU is getting into wave a....

http://img128.imageshack.us/img128/4172/gusm4.jpg
maybe, but what makes you project the end of 5? Under EW theory, wave 3 is in this case the extended wave, therefore 5 should not be longer than 3 in price movement, but there is still ways to go for 5 to reach the length of 3? Why are you projecting 5 to be 1/2 the lenght of 1? If that were to happen, a premature end to Wave 5 would have very bearish implications, which I cannot foresee at this time.
  • #20,572
  • Jul 20, 2007 10:01pm Jul 20, 2007 10:01pm
On a 240min chart, which I don't have the time to post right now, I don't believe we have even seen a wave 4 bottom yet.

So we may see the 2.1000 target (or wherever) next week after all. Too soon for me to look for a wave 5 top anyway.
  • #20,573
  • Jul 20, 2007 10:18pm Jul 20, 2007 10:18pm
Quoting soros_junior
pity to 1000USD... i will be more careful in my postings... to newbies, pls only trade after u've done your own analysis...
Indeed, it was really sad for 1000USD in the GBPJPY thread. Based on what I read, it seems that she would like to make $ while learning. I do not know if there is any thread catered to this particular category? It would be nice if an experienced trader with patience and kindness would take the lead and start this?

This thread may be different from threads for folks who are already savvy, i.e. already have some knowledge, done live trade and know how to do test systems..

This thread may be different from those that just give signals per se, without the rationale behind the trades?

This thread may be different from those that are general for newbies?

Or is this kind of thread already already in existence and I am not aware of?

Any thoughts? Thanks in advance for your attention. BR
  • #20,574
  • Jul 20, 2007 11:17pm Jul 20, 2007 11:17pm
Quoting bluerose
Indeed, it was really sad for 1000USD in the GBPJPY thread. Based on what I read, it seems that she would like to make $ while learning. I do not know if there is any thread catered to this particular category? It would be nice if an experienced trader with patience and kindness would take the lead and start this?

This thread may be different from threads for folks who are already savvy, i.e. already have some knowledge, done live trade and know how to do test systems..

This thread may be different from those that just give signals per se, without the rationale behind the trades?

This thread may be different from those that are general for newbies?

Or is this kind of thread already already in existence and I am not aware of?

Any thoughts? Thanks in advance for your attention. BR
I commend your efforts...but I feel you must learn on your own, otherwise you will never achieve anything in life because you always want others to do it for you.....

I was exactly like that for the first 3 months of live trading (started Jan 1st, 2007)...since I have started to figure things out on my own, the possibilites seem endless???
  • #20,575
  • Jul 20, 2007 11:19pm Jul 20, 2007 11:19pm
DEDICATION TO FOREX.... I LOVE IT!!!!!

We must be dedicated to be here after hours....

It makes you wonder how much more can you learn??????
  • #20,576
  • Jul 20, 2007 11:50pm Jul 20, 2007 11:50pm
Quoting bravado
i am divine when it comes to trading.
i am the bestest perfect. the alpha and the omega.

a trader.
there are other traders on FF as well.
_________________________________________________________
to start things off, some of my omnipotent words.

about emotions:
http://www.forexfactory.com/showpost...2&postcount=14

about strategies:
http://www.forexfactory.com/showpost...7&postcount=19
_________________________________________________________
and now on to other traders who has written more about trading:

these are the few who has caught my eye by random thread clicks.
i don't go around checking every thread. especially now so i'm sure there are few other traders here on FF i could not mention.

(not in any order)

Igrok Method. Q's & A's. Comments, thoughts and ideas.
http://www.forexfactory.com/showthread.php?t=21887
---read some complaints about his earlier calls on cable on this thread. i bet the person who complained took his calls word for word and got burned.

Steviet's Live Trades!
http://www.forexfactory.com/showthread.php?t=10519
---a true trader. his journal is as excellent and insightful. he is always around to help you.

Jacko's Forex House of Pleasure and Pain
http://www.forexfactory.com/showthread.php?t=27286
---good material on the first few pages. he's around sometimes to answer your questions.

Harmonic Wave Journal
http://www.forexfactory.com/showthread.php?t=23569
---great elliot practioner.
_________________________________________________________

last but not least:

there are countless strategies on FF and on other forums as well.
these strategies are excellent.

Trading Systems
http://www.forexfactory.com/forumdisplay.php?f=71

i looked through some of them and they all work.
but going back to my omnipotent words, if you are not comfortable with them. they won't work for you.

i'm not sure about opening a thread just for my calls.
i've decided against making calls all together sometime ago.

also i'm against giving or taking signals.

i do however, like feeding my ego through making calls when i'm bored.

if any calls will be made it will be out of amusement on one of the currency pair threads.

never a novice or a newbie.
a pro.

pips after pips. profit after profits.

bravado. cha-cha-cha!

Thank you, Bravado. You are really amazing! I wrote the message after seeing what happened to 1000US at the end and how some people treated her with disrespect when she was doing live trade. Admittedly, she should study and demo more but I believe in encouraging and helping people instead of discouraging them from doing what they aspire to do by insulting them.

You are funny, smart and succesful in trading yet, you do not insult people (I recalled someone told 1000US to go away give $ for others to trade on her behalf ....about her stupid questions).

You have healthy ego. No need to feed it! Imagine a thread named: Making seriously $ while learning forex for fun loving people. I bet folks will flock to it. Just use some Keep it simple strategies (KISS). Please give it some thoughts but if you don't like to do so, please ignore this message. All the best. BR.
  • #20,577
  • Jul 20, 2007 11:53pm Jul 20, 2007 11:53pm
Looks like there is no news on the pound or dollar until Wednesday morning's Existing Home Sales and then Thursday with New Home Sales....

The pound could possibly take off with the right combination of fuel....

That would be scary....

Talk about heading into the unknown....which will possibly become the norm...

Makes you wonder????
  • #20,578
  • Jul 21, 2007 12:31am Jul 21, 2007 12:31am
Quoting wwwin
maybe, but what makes you project the end of 5? Under EW theory, the rule is that 5 should not be longer than 3 in price movement, but there is still ways to go for 5 to reach the length of 3? Why are you projecting 5 to be 1/2 the lenght of 1? If that were to happen, a premature end to Wave 5 would have very bearish implications, which I cannot foresee at this time.
i am not trading or using EW to enter or get out for my trades but i think elliott wave is a nice and valuable price action tool. Sad it is too vague. the only thing for sure as mentioned by Elliott (the author himself) is that after 5 waves surge or down, there will a 3 corrective waves. about "the rule is that 5 should not be longer than 3 in price movement" ---> from what i know is.. one of the EW rules says that wave 3 could not be the shortest but normally is the longest. so it means that wave 3 not always 100% the longest so there will be other longer wave which certainly will not be the wave 1. just to re-confirm my understanding from the EW Pro.
........... have nothing to say..........
  • #20,579
  • Jul 21, 2007 12:32am Jul 21, 2007 12:32am
Quoting Turtle
I commend your efforts...but I feel you must learn on your own, otherwise you will never achieve anything in life because you always want others to do it for you.....

I was exactly like that for the first 3 months of live trading (started Jan 1st, 2007)...since I have started to figure things out on my own, the possibilites seem endless???
Turtle,

Thank you for your message. I could not disagree with you, But I gather that it does not hurt to have some guidance to save you from some rough stages and to encourage you. Perhaps you know that most achievers have role models and mentors? and networking is very important in life...It is easy to do and learn on one's own but one learn more by sharing and working and larning with others as a group or groups. Isn;t it that's what forums/symposium/workshops....are for? Best, BR.
  • #20,580
  • Edited 1:18am Jul 21, 2007 1:15am | Edited 1:18am
Quoting bluerose
Turtle,

Thank you for your message. I could not disagree with you, But I gather that it does not hurt to have some guidance to save you from some rough stages and to encourage you. Perhaps you know that most achievers have role models and mentors? and networking is very important in life...It is easy to do and learn on one's own but one learn more by sharing and working and larning with others as a group or groups. Isn;t it that's what forums/symposium/workshops....are for? Best, BR.
Understand...but don't just show up in every room asking which way is it headed to earn some pips.

I once heard that when the student is ready...the teacher will appear.

So just open up your mind and learn something new, their are some very good people in FF right now. Learn from them and as you do, you will be networking, finding mentors, etc, etc.....

No one who has ever made it to the top didn't have to learn....but he/she loved doing it, so it wasn't hard????

And once you learn how to explore new opportunities...there is nothing you can't do with your life!

Just my two pips...
1,735 traders viewing now, 1 is registered: