Cable Update (GBPUSD) | Page 1402 | 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)

  • #28,021
  • Aug 30, 2007 3:21pm Aug 30, 2007 3:21pm
The 'official' temperature is 84 degrees.
The thermometer in my backyard (in semi-shade) says 104 degrees.
I blame Bernie and the Fed - all the lying is spilling over to the greater society!
Cable is my sugardaddy
  • #28,022
  • Aug 30, 2007 3:30pm Aug 30, 2007 3:30pm
Quoting bohogirl
The 'official' temperature is 84 degrees.
The thermometer in my backyard (in semi-shade) says 104 degrees.
I blame Bernie and the Fed - all the lying is spilling over to the greater society!
Thanx for the tip on the eclipse.
made for a rather enjoyable morning here!
To laugh, to learn, and to teach!
  • #28,023
  • Aug 30, 2007 3:31pm Aug 30, 2007 3:31pm
Quoting pino2
The good thing is I can see lower highs and lower lows, and lower hourly close for the last 4 hours, in addition of breaching 2.0133, and an hourly close below this figure, so good job cable, we need more
Another good thing, is that 2.0113 was the 3rd key for cable today, and it was reached again, I need an hourly close below this figure, this MIGHT save my shorts, come on cable
  • #28,024
  • Aug 30, 2007 3:40pm Aug 30, 2007 3:40pm
Quoting myles
Thanx for the tip on the eclipse.
made for a rather enjoyable morning here!
My pleasure - I figure since my charting and TA can't compete with regular residents of this thread, I can at least make myself useful and inform you of various celestial events, planet retrogrades, and weather issues in my home town
Cable is my sugardaddy
  • #28,025
  • Aug 30, 2007 3:41pm Aug 30, 2007 3:41pm
Just to exchange ideas...

Since some major blows I took several days ago, I started trading days like this in one direction only, catching bounces, controlling losses and waiting for the push instead of chase the market.

That's why I said this morning that my bias was up and I would not short the market today.

The reason I pick "long bias" during those days is just because it is inline with the prevailing trend. That's all. But it can work with a short bias as well.

Long or short, sticking with one direction only is way better than go chasing the market like the dog chases its own tail. There is no happy ending
  • #28,026
  • Aug 30, 2007 3:45pm Aug 30, 2007 3:45pm
I'm hot.
Really really hot.
Cable is my sugardaddy
  • #28,027
  • Aug 30, 2007 3:46pm Aug 30, 2007 3:46pm
To piggy back on that...Sunday and Monday was all losers...decided to just take a look at the daily candle and trade in that direction...scalping on shorts....long term on longs....


I'm a little negative in my account this week..but better than two days ago.....
  • #28,028
  • Aug 30, 2007 3:51pm Aug 30, 2007 3:51pm
hmmm not many people seem to like today, am i the only one thinking we should get more days like this? I'm thinking that because we had 2 big moves today first down -close to the trendline , which gave a nice long setup and then it bounced nicely up, what more do you need
  • #28,029
  • Aug 30, 2007 3:56pm Aug 30, 2007 3:56pm
just went long with a small position at 2.0118 with stop at 0090.
  • #28,030
  • Edited 4:08pm Aug 30, 2007 3:57pm | Edited 4:08pm
Quoting cesarnc
Just to exchange ideas...

Since some major blows I took several days ago, I started trading days like this in one direction only, catching bounces, controlling losses and waiting for the push instead of chase the market.

That's why I said this morning that my bias was up and I would not short the market today.

The reason I pick "long bias" during those days is just because it is inline with the prevailing trend. That's all. But it can work with a short bias as well.

Long or short, sticking with one direction only is way better than go chasing the market like the dog chases its own tail. There is no happy ending
Today I also went in one direction (short) I opened too many shorts today
and I made good profit out of them, and 3 reached BE, but I was chased by these dogs that chases their own tail and I'm still prisoned with my shorts, no food no water, no light, but if cable returns back to the levels that I'm in now, this will brighten everything again, but I was forced to change my strategy for the day to rescue my shorts, so I went long with 5 lots and luckily I made good profit out of them as well, but I still have a problem with my short trades, they are still running with SL @ 2.0190, my target is 2.0010, my plan is to close 2 of them on target and leave the 3rd one for breaking 2.0005 and I'm looking for 1.9980
  • #28,031
  • Aug 30, 2007 4:00pm Aug 30, 2007 4:00pm
i'm still long and reloading, PB + retracement showing up
Attached Image
  • #28,032
  • Aug 30, 2007 4:07pm Aug 30, 2007 4:07pm
Quoting Turtle
To piggy back on that...Sunday and Monday was all losers...decided to just take a look at the daily candle and trade in that direction...scalping on shorts....long term on longs....


I'm a little negative in my account this week..but better than two days ago.....
Oh boy, I don't believe how stupid I was today... was looking at a dreaded triangle in the hr and missed an enormous triangle going on in the 4h chart, going back to 2.0460!!!! I was aware of this triangle but I accidentaly closed the chart and had to open another one clean. Forgot about this baby...

Had cable pushed through 0160 today, we would have had a strong breakout and I would have TP'd partials at 0200 only :.

Too good it wasn't today.. but when this breakout comes, abandon all hopes, it will be MASSIVE http://i2.photobucket.com/albums/y28/cesarnc/rules.jpg

http://i2.photobucket.com/albums/y28/cesarnc/gu2.gif

P.S. I need a beer after this screwup
  • #28,033
  • Aug 30, 2007 4:08pm Aug 30, 2007 4:08pm
rather strange reaction of cable to my tiny long
  • #28,034
  • Aug 30, 2007 4:13pm Aug 30, 2007 4:13pm
Cable, what the hell you are doing now, your daily close was perfect for my my shorts, why the hell you jumped more than 20 pips in a few minutes after the close of the US session
  • #28,035
  • Aug 30, 2007 4:19pm Aug 30, 2007 4:19pm
because your dear cable is going to reach 2.0200 today :-)
(unless a nuclear event / terrorist attack / whatever else appears)
  • #28,036
  • Aug 30, 2007 4:19pm Aug 30, 2007 4:19pm
I really can't understand this strange action made by cable directly after the US session close
  • #28,037
  • Aug 30, 2007 4:21pm Aug 30, 2007 4:21pm
would you say the same if you hadn't any short position right now?
on my 4H chart, the pin bar + retracement is almost perfect
  • #28,038
  • Aug 30, 2007 4:23pm Aug 30, 2007 4:23pm
Quoting phn
because your dear cable is going to reach 2.0200 today :-)
(unless a nuclear event / terrorist attack / whatever else appears)
What makes you very sure that it will reach 2.0200
  • #28,039
  • Aug 30, 2007 4:23pm Aug 30, 2007 4:23pm
maybe after market buying frenzy?
  • #28,040
  • Aug 30, 2007 4:24pm Aug 30, 2007 4:24pm
Quoting cesarnc
Oh boy, I don't believe how stupid I was today... was looking at a dreaded triangle in the hr and missed an enormous triangle going on in the 4h chart, going back to 2.0460!!!! I was aware of this triangle but I accidentaly closed the chart and had to open another one clean. Forgot about this baby...

Had cable pushed through 0160 today, we would have had a strong breakout and I would have TP'd partials at 0200 only :.

Too good it wasn't today.. but when this breakout comes, abandon all hopes, it will be MASSIVE http://i2.photobucket.com/albums/y28/cesarnc/rules.jpg

http://i2.photobucket.com/albums/y28/cesarnc/gu2.gif

P.S. I need a beer after this screwup
I hope it happens tomorrow.......

Save that beer...you might need a couple after Bernanke speaks.....
185 traders viewing now, 1 is registered:
saidi01