Cable Update (GBPUSD) | Page 2883 | 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)

  • #57,641
  • Mar 10, 2008 7:48am Mar 10, 2008 7:48am
Don't judge HelloFX's risk to reward to harshly, his trading style likely lacks on the entry timing but longer term his direction is correct ( most of the time ) so using a large stop he can get away with it and I bet his stop rate is very low so still able to make profits.



I know someone with no MM at all, market goes against him he buys move brings his average down, he next to never takes a loss, but sadly when he does it's HUGE!! Still over all profitable though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,642
  • Mar 10, 2008 8:13am Mar 10, 2008 8:13am
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd-10-3-08.gif Size: 19 KB
  • #57,643
  • Mar 10, 2008 9:14am Mar 10, 2008 9:14am
Daylight saving time - timezones ......... is very helpful. IMO

http://www.worldtimezone.com/daylight.htm
  • #57,644
  • Edited 9:24am Mar 10, 2008 9:23am | Edited 9:24am
Here is what my crystal ball saw M holding a buying pos @ 2.0158 targeting 2.0280 (hourly high Dec 14 '07) sl 2.0080 (low last friday). Let's see how it goes...

PS: Just an info and not a reco!
  • #57,645
  • Mar 10, 2008 9:33am Mar 10, 2008 9:33am
good luck all trader

i trade on 1 min ~ 30 min chart

today earn usd 80.6 only . time to sleep now.

singapore time now is >> 10.30 pm

again good luck all of you .
  • #57,646
  • Mar 10, 2008 9:39am Mar 10, 2008 9:39am
Quoting Carrera
Congras Salah...
another tip, don't play with your stops. Don't move them. If you have a MM plan, SL is considered in your trade as a short lost.
thnx for the advice
dont worry i wont play with SL
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,647
  • Mar 10, 2008 9:45am Mar 10, 2008 9:45am
heres how im seeing it on the h4
i think we might hit 78.6 fibo and back up especially if fundamentals are with us.
my next target would be 2.0270
plz if u find anything wrong in my chart correct me.

http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
Attached Image (click to enlarge)
Click to Enlarge Name: h4.JPG Size: 120 KB
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,648
  • Mar 10, 2008 9:46am Mar 10, 2008 9:46am
Good luck for you live account nAVIN...
Never Give Up.....
  • #57,649
  • Edited 10:08am Mar 10, 2008 10:07am | Edited 10:08am
Quoting salah k.
heres how im seeing it on the h4
i think we might hit 78.6 fibo and back up especially if fundamentals are with us.
my next target would be 2.0270
plz if u find anything wrong in my chart correct me.

http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
Hey Salah ,If that Fib retrace you have put on is the last move up ,you Should have it the other way with 0 at top.you are monitoring the retrace of that move and if it went all the way to the bottom that would be a 100% retrace.hope that helps.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,650
  • Mar 10, 2008 10:31am Mar 10, 2008 10:31am
Quoting Bones
Hey Salah ,If that Fib retrace you have put on is the last move up ,you Should have it the other way with 0 at top.you are monitoring the retrace of that move and if it went all the way to the bottom that would be a 100% retrace.hope that helps.
your absolutely right that was a stupid mistake
thnx for pointing it out.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,651
  • Mar 10, 2008 10:45am Mar 10, 2008 10:45am
Another DEAD slow monday, hope it doesn't turn into Tuesday aswell like last week.


Shorting @180 IF resistance is about my ownly current plan, risk moderate!!

USDJPY Downtrending again, thinking about a long play to catch a bounce, against trend risk HIGH!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,652
  • Edited 11:21am Mar 10, 2008 10:49am | Edited 11:21am
hot diggerdy dog - I have been in the Uk a week and look what you guys have bid the gbp up to !

When i left Tampa, there were all these guys sticking big shorts on - the british empire would now pay for their colonialism etc - have they all hung themselves from the top of their candles ? or have they all claimed to have had tight s/l's on and positioned themselves immediately for this upswing ?

I read some apocoliptic books on the plane so looks like 2.07 is the first station on the line ? - looking at the euro i am amazed we are not there already.

Wife has spent 10 hours per day since november 5th looking for a job in florida - its not going to happen - the US is sliding fast !

The professional forex sites are still talking 1.70 by mid year

What a hoot this year will be - somebody is going to be VERY wrong
  • #57,653
  • Mar 10, 2008 10:55am Mar 10, 2008 10:55am
Quoting allserene
The professional forex sites are still talking 1.70 by mid year

What a hoot this year will be - somebody is going to be VERY wrong
what are they relying on ?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,654
  • Mar 10, 2008 10:58am Mar 10, 2008 10:58am
Allserene, where are you in the uk man ?? Near Birmingham here.


hesitated on 180short would be +10 here, hmmmmm wuss mode is definately back.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,655
  • Mar 10, 2008 11:28am Mar 10, 2008 11:28am
Quoting Turveyd
Allserene, where are you in the uk man ?? Near Birmingham here.


hesitated on 180short would be +10 here, hmmmmm wuss mode is definately back.
I lived in the yorkshire dales but i live in tampa florida now - my uk house sale is set to complete in 3 weeks so i have just been there to do all the admin - I hope my buyer hangs in with everyone predicting another 20% off prices. If jobs go as bad as the US then it could certainly go another 10% - I cut 20% already to get a sale after 1 year with no viewers.
I need to change the GBP to USD at 2.50 please ? Actually 2.05 or 2.07 would be nice for 50% of it as the USD will do something spectacular either way this year and could do a total collapse - I just dont see all this 1.72 stuff at all...
  • #57,656
  • Mar 10, 2008 11:54am Mar 10, 2008 11:54am
Quoting Abuawad
10-3-2008
I’m out for today, the market tricky and I have something else today here is the summary of today:

from 2.0170 to 2.0188 18 pip , then from 2.0180 to 2.0120 50 pip, and the total +78 pip

I think the cable will test the down limit target at 2.0188. but I’m happy with the 78 pip

Till now the average pip/day for March 2008 is 98.3 pip.
Attached Image
  • #57,657
  • Mar 10, 2008 12:16pm Mar 10, 2008 12:16pm
would it be reasonable to say that if RICS House Price Balance was much weaker than expected we might c the 9950 because we are already in correction mode?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,658
  • Mar 10, 2008 12:48pm Mar 10, 2008 12:48pm
Quoting Abuawad
I’m out for today, the market tricky and I have something else today here is the summary of today:

from 2.0170 to 2.0188 18 pip , then from 2.0180 to 2.0120 50 pip, and the total +78 pip

I think the cable will test the down limit target at 2.0188. but I’m happy with the 78 pip

Till now the average pip/day for March 2008 is 98.3 pip.

why you changed your opinion and go short early? ( on your analysis we go short from 2.0130 ), If you depend on technical analysis during the day can you told us about it.

Thank you
  • #57,659
  • Mar 10, 2008 1:04pm Mar 10, 2008 1:04pm
Quoting abdelhamed_s
why you changed your opinion and go short early? ( on your analysis we go short from 2.0130 ), If you depend on technical analysis during the day can you told us about it.

Thank you

Abdulhameed,
I say it before many times, please check my post before you ask question already we have answer for it. I make a long position from 2.0170 to the first target at 2.0188. cable try many time to break it and fail in that breaking, and cable will return to the near support which is the up limit for the unknown area. I make new position short from 2.0180 after the confirmation of the frailer be the fibo fan as you can see in the photo that I insert it before.
My target was the up limit only, but there was a perfect chance to test the down limit and the second fibo fan why should I loss this opportunity!!


And for your last question about the technical analysis during the day, sure I update my analysis once I see that I need to do.

And finally please note that I shear with all of you my analysis and my plan, you don’t have to follow it by the letter. ‘شوف وفكر وانت وشطاراتك’ . sorry for inserting this in Arabic but I have to transferee it for you in the way you can understand it.
  • #57,660
  • Mar 10, 2008 1:11pm Mar 10, 2008 1:11pm
Quoting abdelhamed_s
why you changed your opinion and go short early? ( on your analysis we go short from 2.0130 ), If you depend on technical analysis during the day can you told us about it.

Thank you
adbelhamed, is ok to watch and learn from others trades. But you should trade with your own criteria. This market is in constant changes of directions so a good trader need to identify the change of directions of the market in order to be successful. People lost money because they mary their positions and start waiting without of any strategy for the price to come back and guess what? They could be 100s pips negative. (Leave that for long term traders). So, If somebody change his opinions, just move and check what could be happening before is too late.

If you have a good trading plan, even better, stick with your plan and fallow your own rules. If you don't have a plan, well, stay with demo trading until you could trade by your own.

Just an advice, take care and good trading
274 traders viewing now