Cable Update (GBPUSD) | Page 6124 | 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)

  • #122,461
  • Feb 22, 2009 2:08pm Feb 22, 2009 2:08pm
Quoting sofia101
I agree maybe 1.4150 and the top for now at 1.4550 it's on 4H chart
Nice. Yes, wanting a gap down, and somewhat of a pullback for an entry to short! Hourly bearish MACD divergence can support us in this.
  • #122,462
  • Feb 22, 2009 2:22pm Feb 22, 2009 2:22pm
Quoting jack.canadia
I began with 1, 1k lot per trade ($0.10 per pip) which represented about 1:30 true leverage. Risk per trade I am not familiar with what it exactly means. My stops are never greater than 20 pips. Hopefully you can gather as much from what I said.

I made roughly 500-600 pips my first week. A few times I added another 1k position when there was an overlap of prior resistance/support plus a pivot, ema and/or fib.

Currently, I will be trading 2, 1k lots per trade representing, from what I've calculated, 1:17.2 true leverage. Each time I get down...

I use 50 pip stops ( I day trade gj ) , my risk on account is 3%. I am for at least 1:1 risk reward ratio , if i do not like trade I get out with less than 50 pip loss most of time.

that is what I meant by risk per trade
Blogging daily now at www.volume.zone
  • #122,463
  • Feb 22, 2009 2:33pm Feb 22, 2009 2:33pm
Quoting jack.canadia
Nice. Yes, wanting a gap down, and somewhat of a pullback for an entry to short! Hourly bearish MACD divergence can support us in this.
I will try to be more patient in my trades ,until it will reach my levels I will not get in
  • #122,464
  • Feb 22, 2009 3:58pm Feb 22, 2009 3:58pm
Quoting sofia101
I agree maybe 1.4150 and the top for now at 1.4550 it's on 4H chart
Do you mind I ask you, how do you find 1.4550 on 4H chart?
  • #122,465
  • Feb 22, 2009 4:19pm Feb 22, 2009 4:19pm
Quoting trader8686
Do you mind I ask you, how do you find 1.4550 on 4H chart?
I trade by levels of resistance it was resistance at this level give or take 10 pips on feb12 also on jan30
  • #122,466
  • Feb 22, 2009 4:26pm Feb 22, 2009 4:26pm
Quoting sofia101
I trade by levels of resistance it was resistance at this level give or take 10 pips on feb12 also on jan30
Right, I found this number on my R/S indicator, thanks.
  • #122,467
  • Feb 22, 2009 4:27pm Feb 22, 2009 4:27pm
Quoting trader8686
Do you mind I ask you, how do you find 1.4550 on 4H chart?
even with sophias response I do not see it .. look at 4 hour GU ...

1.4200 , 1,4400 , 1.4600 , 1.4800 / 1/5000 are all areas of s/r ... it moves on a 4 hour chart at 200 pip increments,

I never think of s/r as exact numbers and rather as ' zones' .

right now we are right under the 1,4400 zone. If we get a 15 min close above that we should move to 1.4600

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-307.png Size: 283 KB
Blogging daily now at www.volume.zone
  • #122,468
  • Feb 22, 2009 4:30pm Feb 22, 2009 4:30pm
Quoting trader8686
Right, I found this number on my R/S indicator, thanks.
Sure ,but I still think it is too early to make a decision where it is going,it 's only Sunday.Let's wait and see
  • #122,469
  • Feb 22, 2009 4:36pm Feb 22, 2009 4:36pm
Quoting malcolmb14
even with sophias response I do not see it .. look at 4 hour GU ...

1.4200 , 1,4400 , 1.4600 , 1.4800 / 1/5000 are all areas of s/r ... it moves on a 4 hour chart at 200 pip increments,

I never think of s/r as exact numbers and rather as ' zones' .

right now we are right under the 1,4400 zone. If we get a 15 min close above that we should move to 1.4600

Attachment
Sure I am familiar with your trading and you have my respect,but I like my charts less crowded and I like my entries more precise,I have my own way to do it and I was on a money a few times,but I was wrong too.
  • #122,470
  • Feb 22, 2009 4:38pm Feb 22, 2009 4:38pm
Quoting cesarg
you can read about it in:
http://thepatternsite.com/visualcpindex.html lots of patterns to see.
Thanks cesarg. There seems to be something wrong with the images there though.

Anyway, I have that book and can't remember reading about it

Better read it again
  • #122,471
  • Feb 22, 2009 4:49pm Feb 22, 2009 4:49pm
Quoting sofia101
Sure I am familiar with your trading and you have my respect,but I like my charts less crowded and I like my entries more precise,I have my own way to do it and I was on a money a few times,but I was wrong too.
I see those zones now ...just a kiss...did not hang out at them long. nice if you can get them
Blogging daily now at www.volume.zone
  • #122,472
  • Feb 22, 2009 4:52pm Feb 22, 2009 4:52pm
Hi,
My friend, please give me some time i'll answer all the questions.
till that time please send your question on PM. but please don't say i don't understand be more specific, read my method before asking anything.
here are my data for today...
happy trading
Attached Images
Attached File(s)
File Type: txt abuawad_h4.txt   < 1 KB | 240 downloads
File Type: txt abuawad_data.txt   < 1 KB | 271 downloads
  • #122,473
  • Feb 22, 2009 4:54pm Feb 22, 2009 4:54pm
Quoting sofia101
Sure I am familiar with your trading and you have my respect,but I like my charts less crowded and I like my entries more precise,I have my own way to do it and I was on a money a few times,but I was wrong too.

if you like s/r trading and trade intraday .... then this indie works like a charm . I got it off someone else on the GBPJPY thread

Here is the pic for the gu on Friday

Attached Image (click to enlarge)
Click to Enlarge Name: gj.GIF Size: 45 KB


Attached File(s)
File Type: mq4 FiboPiv_Daily_DK.mq4   16 KB | 390 downloads
Blogging daily now at www.volume.zone
  • #122,474
  • Feb 22, 2009 5:03pm Feb 22, 2009 5:03pm
Quoting malcolmb14
if you like s/r trading and trade intraday .... then this indie works like a charm . I got it off someone else on the GBPJPY thread

Here is the pic for the gu on Friday

Attachment

Attachment
Thank you ,but my system is complete and working for me
  • #122,475
  • Feb 22, 2009 5:09pm Feb 22, 2009 5:09pm
Quoting sofia101
Thank you ,but my system is complete and working for me

1st thing to do before trading.. listen to this song..
Inserted Video
Patience is the keyword here...
  • #122,476
  • Feb 22, 2009 5:09pm Feb 22, 2009 5:09pm
Quoting sofia101
Thank you ,but my system is complete and working for me
Here is what I am looking at
Attached Image (click to enlarge)
Click to Enlarge Name: 123.gif Size: 39 KB
  • #122,477
  • Feb 22, 2009 5:12pm Feb 22, 2009 5:12pm
Quoting affandiz
1st thing to do before trading.. listen to this song..http://www.youtube.com/watch?v=wU1pD4xPe2M
  • #122,478
  • Feb 22, 2009 5:12pm Feb 22, 2009 5:12pm
Quoting affandiz
1st thing to do before trading.. listen to this song..http://www.youtube.com/watch?v=wU1pD4xPe2M


Nice one
  • #122,479
  • Feb 22, 2009 5:27pm Feb 22, 2009 5:27pm
anybody short here? its showing bearish divergence on 1 hr and hi oversold on 4 hr
  • #122,480
  • Feb 22, 2009 5:28pm Feb 22, 2009 5:28pm
Quoting sofia101
Sure ,but I still think it is too early to make a decision where it is going,it 's only Sunday.Let's wait and see
Sofia is correct....this is the asian session...its sunday..and most traders are just feeling around. too early to make sure fire directions. let is settle in...or take a big gamble...

Im sure your observations are correct..but the major trades will not occur until tonight.

Sunday and Friday are to be taken with care and doubt

good luck
380 traders viewing now, 1 is registered: