Cable Update (GBPUSD) | Page 5003 | 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)

  • #100,041
  • Nov 21, 2008 2:14am Nov 21, 2008 2:14am
Quoting alcando
My trading platform, IGindex services bets on them so they provide line charts of the Wall street and FTSE futures. I am using the equities for direction and the chart for entries and most of the time (especially when the equities tumble) there is a significant correlation.
Thanks for that. I also have FTSE futures on my platform. I thought they are different from the basic FTSE. Now I see, they are alike.
  • #100,042
  • Nov 21, 2008 2:17am Nov 21, 2008 2:17am
Quoting micho
yep but maybe above 1.4869 will be fine too since we have this pin bar on the 4H ruining the exact trend swing high so will look for a signal above 69 but ur stop should be above 1.5039 so ... target would be 1.5 minimum reward to ratio...
Nah, I'll wait for 1.4897 myself, if it goes there.

The ftse is tumbling and it's a friday... weird day to take unnecessary risk.
  • #100,043
  • Nov 21, 2008 2:17am Nov 21, 2008 2:17am
I watch the tick chart normally with the last 2 hours in focus at a time in this market.
Quoting ezmystic
what timeframe do you use for the ftse?
Ride the Bulls bearback!
  • #100,044
  • Nov 21, 2008 2:19am Nov 21, 2008 2:19am
They are alike during market hours but the futures can be traded after hours so gives the overall picture. The S&P futures generally follow the FTSE trend till NY opens.

Quoting vorschlag
Thanks for that. I also have FTSE futures on my platform. I thought they are different from the basic FTSE. Now I see, they are alike.
Ride the Bulls bearback!
  • #100,045
  • Nov 21, 2008 2:55am Nov 21, 2008 2:55am
Quoting alcando
They are alike during market hours but the futures can be traded after hours so gives the overall picture. The S&P futures generally follow the FTSE trend till NY opens.
you tell us about many useful things.
  • #100,046
  • Nov 21, 2008 3:08am Nov 21, 2008 3:08am
Cheers dude. Here's another useful link that I always keep open for free live Market and Forex audio news. It's not too intrusive but extremely useful for a heads up when you are nervous that a trade could turn and bite your bottom.
http://retail.ransquawk.com/
The also call out the economic news items and give live summary's when the puppets like Paulson are speaking.

Quoting vorschlag
you tell us about many useful things.
Ride the Bulls bearback!
  • #100,047
  • Nov 21, 2008 3:15am Nov 21, 2008 3:15am
they are bringing t price..up..I will wait...
  • #100,048
  • Nov 21, 2008 3:21am Nov 21, 2008 3:21am
Lads, do you see this going up or down for the rest of the trading day. Where do you think it will finish?
Probability Professor
  • #100,049
  • Nov 21, 2008 3:26am Nov 21, 2008 3:26am
Next station to short 1.494x then 1.503x !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #100,050
  • Nov 21, 2008 3:44am Nov 21, 2008 3:44am
Quoting manize
Next station to short 1.494x then 1.503x !

i wait for a signal, still few hours to come
When life gives you lemons, make lemonade
  • #100,051
  • Nov 21, 2008 3:45am Nov 21, 2008 3:45am
logical retracement maybe to 1.503x then poof down to smash the target at 1.47 this time

we will see, i dont know
When life gives you lemons, make lemonade
  • #100,052
  • Nov 21, 2008 3:50am Nov 21, 2008 3:50am
I tend to agree dude. I am riding the long for now 40+ up so far but I will be eyeing a short from that 61 fib at 1.503x

Quoting micho
logical retracement maybe to 1.503x then poof down to smash the target at 1.47 this time

we will see, i dont know
Ride the Bulls bearback!
  • #100,053
  • Nov 21, 2008 3:56am Nov 21, 2008 3:56am
Quoting alcando
I tend to agree dude. I am riding the long for now 40+ up so far but I will be eyeing a short from that 61 fib at 1.503x
great man, i am not in longs at all...
When life gives you lemons, make lemonade
  • #100,054
  • Nov 21, 2008 4:07am Nov 21, 2008 4:07am
Hi all.We closed above 4 hr gann so now retracment to 4940-48015 on next 1 hr candle i hope and then more up.If we close aggain on next 4 hr below gann then we are ranging.No trades then for me i think.Daily divergance is not played all the way so 5200 today possible again in the end.

QQE system on 1 hr and 4 hr telling last night big retrace on up.I didnt belive it because i don't use that QQE on big TF and look 5000 area now.Now untill 1 hr QQe cros down again and we break gann on down on 1 hr no big down.

If you are short from my charts ...then be carefull.I think could be retrace down but we are above 4 hr gann.That is up sign for now

see ya
  • #100,055
  • Nov 21, 2008 4:21am Nov 21, 2008 4:21am
It's all about the fibs. We broke consolidation at the 23.6 area then turned just shy of the 61.8, where I took profit on my first position. We then bounced right on the 36.2 which is typical if we are going to continue the upward move, which we have. The Dow Futures are currently up over 300 so we will probably continue the up move for a while. This post is on a 15 min chart and my second position is still running up well over 150 pips, but I will refer to the longer time frames to get a better idea of the big picture.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cabletoday2.gif Size: 22 KB
Zone Breakout Method
  • #100,056
  • Nov 21, 2008 4:24am Nov 21, 2008 4:24am
I closed my long at 990 and went short. All the other currencies that were doing well against USD are resisting now. EUR also banged into a Diag TL so it will take something special to get thru here imho. Looks like the equities confidence is slipping too so there may be a few pips in shorts I think.
Ride the Bulls bearback!
  • #100,057
  • Nov 21, 2008 4:30am Nov 21, 2008 4:30am
Quoting alcando
I closed my long at 990 and went short. All the other currencies that were doing well against USD are resisting now. EUR also banged into a Diag TL so it will take something special to get thru here imho. Looks like the equities confidence is slipping too so there may be a few pips in shorts I think.
Good call taking the short from yesterday's high. I missed it but I was looking for 20 or 30 pips on the bounce. Could be more.

PT
Zone Breakout Method
  • #100,058
  • Nov 21, 2008 4:32am Nov 21, 2008 4:32am
I don't see much in this move yet. Potential head of H&S forming
  • #100,059
  • Nov 21, 2008 4:36am Nov 21, 2008 4:36am
I like the "bucket" trades and this was a prime case for one for me.
For those who don't trade buckets read this...
http://www.nobrainertrades.com/2008/...of-bucket.html

Quoting PowerTrader
Good call taking the short from yesterday's high. I missed it but I was looking for 20 or 30 pips on the bounce. Could be more.

PT
Ride the Bulls bearback!
  • #100,060
  • Nov 21, 2008 4:53am Nov 21, 2008 4:53am
Quoting alcando
I like the "bucket" trades and this was a prime case for one for me.
For those who don't trade buckets read this...
http://www.nobrainertrades.com/2008/...of-bucket.html
I would have taken that movement simply because it was a range of over 280 pips from the bottom yesterday and it seemed very likely would would bounce on the previous day's high as we do in most cases. I still have my second position in from 1.4780 but I will pull it if we drop much more or fail to make a move at the opening bell. We have had a pretty good range today already but it is possible lately to range much more.

PT
Zone Breakout Method
248 traders viewing now, 5 are registered:
,
Gbpusdfreakk
,
Januje
,
alkenany
,