Cable Update (GBPUSD) | Page 6067 | 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)

  • #121,321
  • Feb 18, 2009 5:16am Feb 18, 2009 5:16am
Quoting Abuawad
1.4171
Hey Abuawad, thanks for all your input this forum so far...it's greatly received. However, can you clarify the 'rules' you use please. I'm a newb and find it confusing when you talk about looking at the 4h close to identify the entry then sometimes you're drilling down to the 15m charts and basing decisions on this? Also, when you're talking about the S/L should not be preset when you enter the trade but should be done manually based on the last 15m closure candle. This is not in your analysis guide.

It'd also be great to ensure everybody's who looks at your daily analysis charts and tries to follow your analysis pdf instuctions re. setting up the fib lines on the MTH, W, D, 4H to ensure our lines are in synch with yours if you could save them as a template on MT4 and have a link to them for us to import them into our charts.

I'm not criticising at all, just wanting a clear picture of how to interpret your analysis otherwise it could be dangerous for a newb to use.

Cheers.
  • #121,322
  • Feb 18, 2009 5:18am Feb 18, 2009 5:18am
Quoting sofia101

But I was making money
Nicely to see you Sofia what is your platform today ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,323
  • Feb 18, 2009 5:19am Feb 18, 2009 5:19am
Quoting cesarg
no, but i see 3 falling peaks in daily

http://www.forexfactory.com/attachme...5&d=1234648102
Chart is right. But it is rising peaks falling valleys. Not that it matters too much. The main thing is that you recognize what it is and take the appropriate action.
Just Trade It
  • #121,324
  • Feb 18, 2009 5:20am Feb 18, 2009 5:20am
Support is stiff, we go to 4300
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #121,325
  • Feb 18, 2009 5:23am Feb 18, 2009 5:23am
chris : sorry mate just saw your question. short @ 4255. The sl was moved to +30 which is slightly above 60sma on my chart.
Thank You
  • #121,326
  • Feb 18, 2009 5:25am Feb 18, 2009 5:25am
Quoting manize
Nicely to see you Sofia what is your platform today ?
Thank you,I am still bearish bias ,but it could be spikes .I am a long term trader so all this noise does not concern me
  • #121,327
  • Feb 18, 2009 5:25am Feb 18, 2009 5:25am
Quoting Abuawad
she is going there....
H4 closes below 1.4215, might be bakc to 1st short cell again bro ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,328
  • Feb 18, 2009 5:28am Feb 18, 2009 5:28am
Quoting Big Wave Rider
Chart is right. But it is rising peaks falling valleys. Not that it matters too much. The main thing is that you recognize what it is and take the appropriate action.

is strange, is the name i have in the books for this formation.

i wait for the break of the last valley. and you? will you take confirmation?
  • #121,329
  • Feb 18, 2009 5:29am Feb 18, 2009 5:29am
Stopped out with +30. Deja vu. Staying out for now. Good luck guys.
Thank You
  • #121,330
  • Feb 18, 2009 5:30am Feb 18, 2009 5:30am
Quoting cesarg
is strange, is the name i have in the books for this formation.

i wait for the break of the last valley. and you? will you take confirmation?

Waiting for a breakout of this 4hr range.
Just Trade It
  • #121,331
  • Feb 18, 2009 5:31am Feb 18, 2009 5:31am
Quoting wormboy
chris : sorry mate just saw your question. short @ 4255. The sl was moved to +30 which is slightly above 60sma on my chart.
!
  • #121,332
  • Feb 18, 2009 5:31am Feb 18, 2009 5:31am
M15 closes above ema50 (1.4215 - Abuawad lower limit) , higly possible move up utill the top of channel LH 1.4280 - 1.4320 ! But should be tested again next H4 closing !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,333
  • Feb 18, 2009 5:32am Feb 18, 2009 5:32am
Quoting wormboy
Scorpion : My bias is still short mate. That hadn't changed, so I definitely am holding my position. I will move my sl again when it closes below 4120. Btw, which line are you referring to? I have posted a chart on page 8075, that has a descending trendline which till now still is intact. So no reason for me to go the opposite direction. Have a good one my friend.
I understand, but I am more short term trader, so I do not have so big SL and TP. My trading is based on a S/R lines (bounces and broke outs). In this case the price broke the line and turn up again so I closed my trade..

Good luck..
  • #121,334
  • Feb 18, 2009 5:33am Feb 18, 2009 5:33am
Quoting wormboy
chris : sorry mate just saw your question. short @ 4255. The sl was moved to +30 which is slightly above 60sma on my chart.
Just took out my s/l +30 above the d/pivot. In my heart of hearts I could see her going up, but hey she took me out in the green
  • #121,335
  • Feb 18, 2009 5:36am Feb 18, 2009 5:36am
Quoting manize
H4 closes below 1.4215, might be bakc to 1st short cell again bro ?
i closed the 2nd one on 1.4185.
and now i'll wait to see what will happen with the fibo van around 1.4235~1.4245 then the uplimit @1.4255
before i take any other position...
  • #121,336
  • Feb 18, 2009 5:40am Feb 18, 2009 5:40am
I can see it will go to 1.4250-60 and then down ,will see
  • #121,337
  • Feb 18, 2009 5:43am Feb 18, 2009 5:43am
Quoting Abuawad
i closed the 2nd one on 1.4185.
and now i'll wait to see what will happen with the fibo van around 1.4235~1.4245 then the uplimit @1.4255
before i take any other position...
I learn to be patient. No trade sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,338
  • Feb 18, 2009 5:44am Feb 18, 2009 5:44am
Then again the main pivot today 1.4221 and we didn't break it and it looks like cable running out of steam
  • #121,339
  • Feb 18, 2009 5:47am Feb 18, 2009 5:47am
Quoting sofia101
Thank you,I am still bearish bias ,but it could be spikes .I am a long term trader so all this noise does not concern me
We need an other specific character trader like you here !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,340
  • Feb 18, 2009 5:49am Feb 18, 2009 5:49am
Quoting manize
We need an other specific carachter trader like you here !
294 traders viewing now, 2 are registered:
Januje
,