Cable Update (GBPUSD) | Page 3201 | 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)

  • #64,001
  • May 2, 2008 10:06am May 2, 2008 10:06am
Looks like its going back home to DPP
  • #64,002
  • May 2, 2008 10:12am May 2, 2008 10:12am
Nice job, Bones, I sometimes forget all about the 1 Hr TF. But I believe it will come back down and retest. How bout you.

Quoting Bones
Well I don’t think were going lower today.
  • #64,003
  • May 2, 2008 10:23am May 2, 2008 10:23am
Ok Guys and Gals,

My 87 Smoothie is exactly the same MA that premier Trade uses to determine trend on ALL of their charts. Dont ask me how I found this out cause its a secret. On the 5 Min chart as you see it is right at the Daily Pivot Point right now, and also the 38.2 % Fib level of the last move down, and it is creating a lot of resistance here. The price has an uncanny tendacy to bounce off of this area. And if you keep your stop beyond this area it will keep you out of trouble. I can set anyone up with this MA if they would email me, because I do not support spamming.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
  • #64,004
  • May 2, 2008 10:35am May 2, 2008 10:35am
Im not sure of today that was pretty strong , maybe some consolidation where we are which may give a head and shoulders pattern?
I’m defiantly not an expert on patterns ,lol though I try
Quoting hard1head1
Nice job, Bones, I sometimes forget all about the 1 Hr TF. But I believe it will come back down and retest. How bout you.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,005
  • May 2, 2008 10:41am May 2, 2008 10:41am
Quoting hard1head1
Ok Guys and Gals,

My 87 Smoothie is exactly the same MA that premier Trade uses to determine trend on ALL of their charts. Dont ask me how I found this out cause its a secret. On the 5 Min chart as you see it is right at the Daily Pivot Point right now, and also the 38.2 % Fib level of the last move down, and it is creating a lot of resistance here. The price has an uncanny tendacy to bounce off of this area. And if you keep your stop beyond this area it will keep you out of trouble. I can set anyone up with this MA if they would email me, because I do not support spamming.

Jim
Sorry, could you please explain if you see cable going down or up from here? Thanks.
Expected the unexpected
  • #64,006
  • May 2, 2008 10:42am May 2, 2008 10:42am
Closed my long for pos 41 pips. All positions closed for the weekend
Have a great one guys
  • #64,007
  • May 2, 2008 10:44am May 2, 2008 10:44am
Quoting DJ4x
Closed my long for pos 41 pips. All positions closed for the weekend
Have a great one guys
Nice job!
Expected the unexpected
  • #64,008
  • May 2, 2008 10:45am May 2, 2008 10:45am
I am out for the day, but I have a small amount short with a stop out behind the DPP.

Jim

Quoting scyang
Sorry, could you please explain if you see cable going down or up from here? Thanks.
  • #64,009
  • May 2, 2008 10:51am May 2, 2008 10:51am
Quoting LuckyLurker
Closed 1 position for +112.. other is locked at PTSL 9755..
POS 2 closed for +88 .. Have a nice weekend all.
USD Est Non Mortuus
  • #64,010
  • May 2, 2008 10:55am May 2, 2008 10:55am
Quoting hard1head1
Ok Guys and Gals,

My 87 Smoothie is exactly the same MA that premier Trade uses to determine trend on ALL of their charts. Dont ask me how I found this out cause its a secret. On the 5 Min chart as you see it is right at the Daily Pivot Point right now, and also the 38.2 % Fib level of the last move down, and it is creating a lot of resistance here. The price has an uncanny tendacy to bounce off of this area. And if you keep your stop beyond this area it will keep you out of trouble. I can set anyone up with this MA if they would email me, because I do not support spamming.

Jim
Hi Jim,

Thanks. Are you using these ma's on every TF or just the 5m? Also, can you explain how you're using it? Is there a danger zone or an entry/watch zone? You were referring to the ma sitting on the DPP.... Is that why you were expecting price to head there and bounce off there? Thanks again.
  • #64,011
  • May 2, 2008 10:56am May 2, 2008 10:56am
Quoting LuckyLurker
POS 2 closed for +88 .. Have a nice weekend all.
Well done Lucky!
  • #64,012
  • May 2, 2008 11:01am May 2, 2008 11:01am
Just wondered if some of you saying your in or out could support it with a chart?
So we can all learn from each other no ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,013
  • May 2, 2008 11:10am May 2, 2008 11:10am
Hey it would great for everyone if you could post here I don’t think that’s spamming is it Jim?
I would call it more sharing.
Quoting hard1head1
Ok Guys and Gals,

And if you keep your stop beyond this area it will keep you out of trouble. I can set anyone up with this MA if they would email me, because I do not support spamming.

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,014
  • May 2, 2008 11:20am May 2, 2008 11:20am
going for another test of low, maybe.
  • #64,015
  • May 2, 2008 11:36am May 2, 2008 11:36am
I have a template you can use. You can use it on any time frame and you can graduate up as you go sometimes, however, 5,10 and 15 should only be used for scalping. You develop your own skills at this. Just remember stoplosses should be behind the 89. Its actually a combination of 89 High, Low and Close. I call them telephone wires. The template comes complete with Daily Pivot Points including the midpivots, buy you want to enable them only on 1,5 and15 Min timeframes inside the input. I also have an Expert Advisor Trailing stop that works on pending and limit trades but I have to ask the author if I can give that out.

The template goes into the first template folder you see.
Attached File(s)
File Type: tpl smoothy.tpl   7 KB | 387 downloads
  • #64,016
  • May 2, 2008 11:41am May 2, 2008 11:41am
Quoting Bones
Just wondered if some of you saying your in or out could support it with a chart?
So we can all learn from each other no ?
I posted for most of this, but heres my action today. Needed to do this for my journal anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: May-NFP.jpg Size: 154 KB
USD Est Non Mortuus
  • #64,017
  • May 2, 2008 11:48am May 2, 2008 11:48am
Cool thanks Lucky looks good.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,018
  • May 2, 2008 11:50am May 2, 2008 11:50am
Quoting LuckyLurker
I posted for most of this, but heres my action today. Needed to do this for my journal anyway.
Do you still have any short position open? Do you expect cable to go towards 197 today since it's still hanging in 1.9730-40 now.
Expected the unexpected
  • #64,019
  • May 2, 2008 11:56am May 2, 2008 11:56am
Quoting scyang
Do you still have any short position open? Do you expect cable to go towards 197 today since it's still hanging in 1.9730-40 now.
Just had 2 positions today.. Although I've seen NFP days go all afternoon, seems to usually die off around noon as people take off early. I was out of market before lunch.
USD Est Non Mortuus
  • #64,020
  • May 2, 2008 11:57am May 2, 2008 11:57am
Do you keep a journal of all your trades then?
And whats the white moving average?



Quoting LuckyLurker
I posted for most of this, but heres my action today. Needed to do this for my journal anyway.
On-site guru & also FF member's' psychiatrist, when not drinking tea
2,229 traders viewing now, 2 are registered:
,
AlphaGM