Cable Update (GBPUSD) | Page 3038 | 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)

  • #60,741
  • Apr 7, 2008 7:43pm Apr 7, 2008 7:43pm
I'm currently short G/U w/1.9960 as my s/l. Not sure if I should cut & run now & put a E/U long at 1.5815 or wait it out.
  • #60,742
  • Apr 7, 2008 7:45pm Apr 7, 2008 7:45pm
Running the EU up hugely could be a trap, reasoning.

It's easy to run up a Price after hours when the volume is low, this could create the buyers they want to enable them to sell / short.

So direction after this is really any ones guess, but it'll likely be fierce.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,743
  • Apr 7, 2008 7:49pm Apr 7, 2008 7:49pm
Yeah, I can feel my emotions kicking in. Got to keep in check.
  • #60,744
  • Edited 8:11pm Apr 7, 2008 7:51pm | Edited 8:11pm
Quoting dread
The template from page 4037 have yellow lines that are located on 1.9953 uppers limits and 1.9913 lower limits; using current time. This template was given by Traderjr.

The template Traderjr. gave previously labeled "Abuawad current" have different yellow line with upper yellow limits of 1.9807 and lower yellow limits of 1.9867 in regards to current time.

Im not sure which one is correct (im assuming the latest one on page 4037 is correct), but the recent format gives us entries about 12 hours Miami Florida time; AND THE PREVIOUS FORMAT STILL KEEPS US IN THE YELLOW NO MANS LAND.

TRADERJR, ABUAWAD, CAN YOU HELP ME WITH THIS, WHICH FORMAT SHOULD BE USED, AND OR IS IT SOMETHING I DOING INCORRECTLY ON MY MT4 FORMAT.

I CURRENTLY AM GOING TO USE THE TEMPLATE FROM PAGE 4037.
Templates are dated as to their intended day-of-use as of yesterday (07Apr08) onwards.

All my results are based on data from Alpari UK who use CET. UK went into DST 30Mar08, Australia (where I am) went out of DST 06Apr08. My trial of Abuawad's method started 31Mar08. The method worked all last week and yesterday.

Abuawad say all Forex servers are synchronised wrt H4, regardless of timezone. You should check this for your own case.
Darkness lies one inch ahead..
  • #60,745
  • Apr 7, 2008 7:57pm Apr 7, 2008 7:57pm
GU's back to same level, EU is selling back nicely.


But NO WAY ON EARTH am I after cocking up the EU last night, even considering for 1 second shorting EU, but I so wanted to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,746
  • Apr 7, 2008 7:57pm Apr 7, 2008 7:57pm
Please explain a little more..
are you saying i have to download new template daily?
if so, are they posted daily on this thread?

thanks a million traderjr.
  • #60,747
  • Apr 7, 2008 8:03pm Apr 7, 2008 8:03pm
i see....please forgive me....i see that the templates are posted accordingly by traderjr.

thanks again.

i will READ IN DETAIL NEXT TIME. LOL
  • #60,748
  • Apr 7, 2008 8:16pm Apr 7, 2008 8:16pm
did anyone get in on using the 1 hour chart gbp/usd using Abuawads system??
  • #60,749
  • Apr 7, 2008 8:28pm Apr 7, 2008 8:28pm
Quoting dread
did anyone get in on using the 1 hour chart gbp/usd using Abuawads system??
Abuawad says H1 is used only for getting "clues" as to what to do rather than as an entry signal. H4 is used for the entry signal.
Darkness lies one inch ahead..
  • #60,750
  • Apr 7, 2008 8:57pm Apr 7, 2008 8:57pm
Euro Rises on Speculation Interest Rate Advantage Will Widen

http://www.bloomberg.com/apps/news?p...Hp4&refer=home

Some info regarding the spike from Bloomberg.com
  • #60,751
  • Apr 7, 2008 9:13pm Apr 7, 2008 9:13pm
Quoting Pipspur
I'm currently short G/U w/1.9960 as my s/l. Not sure if I should cut & run now & put a E/U long at 1.5815 or wait it out.
I think the pair (GBP/USD) might go up during tonight session as it has already high as 1.9931 and the London News will be coming at its first hour that will take the pair up to 1.9990+ I think the trend for tonight is UP

I think I will observe the market for tonight and wait until it goes up around 2.0050+ then I will take short may be by tomorrow morning. What do You think guys?
  • #60,752
  • Apr 7, 2008 9:24pm Apr 7, 2008 9:24pm
Quoting asyed4
I think the pair (GBP/USD) might go up during tonight session as it has already high as 1.9931 and the London News will be coming at its first hour that will take the pair up to 1.9990+ I think the trend for tonight is UP

I think I will observe the market for tonight and wait until it goes up around 2.0050+ then I will take short may be by tomorrow morning. What do You think guys?
I think you may be right as my indicators on many time frames are showing up. I went short last night and was/am hoping to be able to ride it out, but I'm starting to lose confidence.
  • #60,753
  • Apr 7, 2008 9:26pm Apr 7, 2008 9:26pm
I am brand new to forex trading and have no idea how to read any charts or look for any indicators. But I am helplessly stuck in a very low short position with GBPUSD. Most people have been saying that the pair is headed down, but today it looks like it's going the other direction. All the experienced traders on this site have been reading the charts wrong? Or is there something that's fueling this? What's the real direction for cable today? Any advice is welcome. Thanks to all.
Expected the unexpected
  • #60,754
  • Apr 7, 2008 9:59pm Apr 7, 2008 9:59pm
Quoting scyang
I am brand new to forex trading and have no idea how to read any charts or look for any indicators. But I am helplessly stuck in a very low short position with GBPUSD. Most people have been saying that the pair is headed down, but today it looks like it's going the other direction. All the experienced traders on this site have been reading the charts wrong? Or is there something that's fueling this? What's the real direction for cable today? Any advice is welcome. Thanks to all.
I would like to give you my opinion as for couple of months I have traded based on the London news and I can tell you for tonight session Hallifax news is coming up which might take the pair up to 1.9990+ but that might be a temporary up because it would have to go down due to BOE news on Thursday. I think EUR/USD is fueling GBP/USD becaue they are both real brothers. Whenever EU goes up GBP goes up and whenever EU goes up then GBP goes up and around 2:00 am Central time it might get fuel from Halifax news because this time the consesus statement is positive about the news.
  • #60,755
  • Apr 7, 2008 10:01pm Apr 7, 2008 10:01pm
Quoting asyed4
I think the pair (GBP/USD) might go up during tonight session as it has already high as 1.9931 and the London News will be coming at its first hour that will take the pair up to 1.9990+ I think the trend for tonight is UP

I think I will observe the market for tonight and wait until it goes up around 2.0050+ then I will take short may be by tomorrow morning. What do You think guys?
Wise decide friend ! Don't in when you are doubtfull !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,756
  • Apr 7, 2008 11:14pm Apr 7, 2008 11:14pm


Is anyone in on this one Long??
Or are we staying out due to news?
I have confirmation from 2 other systems?
TraderJR?
Abuawad?
  • #60,757
  • Apr 7, 2008 11:19pm Apr 7, 2008 11:19pm
Quoting dread


Is anyone in on this one Long??
Or are we staying out due to news?
I have confirmation from 2 other systems?
TraderJR?
Abuawad?
i in short rite now
  • #60,758
  • Apr 7, 2008 11:34pm Apr 7, 2008 11:34pm
Quoting Ultraman
i in short rite now
which price you're short?
  • #60,759
  • Apr 7, 2008 11:43pm Apr 7, 2008 11:43pm
Quoting mavewei
which price you're short?
1.9919 n 1.9907
but could some one telling me how far GBPUSD falling down..
target dunno yet still looking..
isn't possible it's down to 1.9844
  • #60,760
  • Apr 7, 2008 11:45pm Apr 7, 2008 11:45pm
The market can easily trade within 1.9833 - 1.9961. With a little bit of luck it can reach 1.9570.
412 traders viewing now, 3 are registered:
,
nkosiyazinhl
,
Gbpusdfreakk