Cable Update (GBPUSD) | Page 6179 | 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)

  • #123,561
  • Feb 25, 2009 7:30pm Feb 25, 2009 7:30pm
Long, based on 4hr time frame chart
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Feb. 25 20.24.gif Size: 20 KB
"Even A Thousand Mile Journey Begins with the First Step"
  • #123,562
  • Feb 25, 2009 7:31pm Feb 25, 2009 7:31pm
The bull win on the ADX indicator an uptrend seem to be starting on the 15m
38fib coincide with the weekly pivot so a first attemp to touch the weekly pivot shoudl be a could probability at 4350 at leat a try if we miss we should fall down more.

that is what i think.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 38 KB
  • #123,563
  • Feb 25, 2009 8:10pm Feb 25, 2009 8:10pm
Quoting Shilva
14,3,E,5,E
Thanks, but I didn't find that indicator on MT4.
What is the name?
  • #123,564
  • Feb 25, 2009 8:13pm Feb 25, 2009 8:13pm
and there goes again free downfall
ROBOT FOREX
  • #123,565
  • Feb 25, 2009 10:54pm Feb 25, 2009 10:54pm
Don't worry she'll going up, i think next week she ll going up till 1.5+++ and then fall again and by march it reach 1.6+++, perhaps em
  • #123,566
  • Feb 25, 2009 11:21pm Feb 25, 2009 11:21pm
Out of curiosity,

what broker are you using ?
If you can share that info.

I'd like to trade daily only too, simply because I don't have time to look at it every 10 minutes.

Thanks.

Quoting AJspeed
Call your broker and tell them to switch you to a micro account. ( You can still trade mini's with a micro if you want). If your broker don't do micros the get a real broker. Its simple really when you trade .010 micro lots and need a 500 pips stop on the Daily it only amounts to $50. You don't sweat trades anymore and you ride the waves. My trading improved 100% when I went to a micro. You trade the daily without noise and stick to basic fundementals, trendlines, wedges and channels and stuff and TRADE WITH THE TREND. You will be fine. I...
  • #123,567
  • Feb 26, 2009 12:14am Feb 26, 2009 12:14am
Just went long 1.4216 .. stop at 1.4200
  • #123,568
  • Feb 26, 2009 12:17am Feb 26, 2009 12:17am
Quoting trader8686
So, how is everyone doing here? short or long?
Just need some confirmations!

I'm short from 14250, stops above 14375 fwiw....
"Timing Is Everything. Really I Swear It Is"
  • #123,569
  • Feb 26, 2009 12:19am Feb 26, 2009 12:19am
Anyone have a weekly pivot indicator that looks like this daily one?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 48 KB
  • #123,570
  • Feb 26, 2009 12:22am Feb 26, 2009 12:22am
Plenty of support where price is right now, down to 1.41, but I think you're jumping the gun to go long just yet. Be patient to see where we go from here is my advice
The trend is not your friend, it's your master.
  • #123,571
  • Feb 26, 2009 12:29am Feb 26, 2009 12:29am
Still holding short from 4550. sl still @ 4300. I have added one small position to my short @ 4210 looking for a long term downward move which hopefully reaches 3900 before I can lock it. This should be my last entry for this month.
Good luck everyone, green pips to all in trade.
Thank You
  • #123,572
  • Feb 26, 2009 12:30am Feb 26, 2009 12:30am
Quoting Cultured
Plenty of support where price is right now, down to 1.41, but I think you're jumping the gun to go long just yet. Be patient to see where we go from here is my advice
I longed for a few reasons. The last three times, including the most recent, that price came towards the 4100/4200 area, its made a higher low which tells me that the demand is moving to higher prices from the previous lows. Also, this area is a 50% zone of the large rise out of the 30's. Mind you, the more times an area is tested, the weaker it becomes. So the recent low may give out.

The dollar index looks to be completing three waves of bearish divergence on a 15m timeframe as well. We are also around the daily open at 4210.
  • #123,573
  • Feb 26, 2009 12:34am Feb 26, 2009 12:34am
Quoting wormboy
Still holding short from 4550. sl still @ 4300. I have added one small position to my short @ 4210 looking for a long term downward move which hopefully reaches 3900 before I can lock it. This should be my last entry for this month.
Good luck everyone, green pips to all in trade.
Nice work!
  • #123,574
  • Feb 26, 2009 12:39am Feb 26, 2009 12:39am
Mind if I ask, where is our next stop? 1.4190 now.
  • #123,575
  • Feb 26, 2009 12:40am Feb 26, 2009 12:40am
thanks jack. I'll see you when London opens later, am going out for lunch now. have a good one mate
Thank You
  • #123,576
  • Feb 26, 2009 12:45am Feb 26, 2009 12:45am
Quoting wormboy
Still holding short from 4550. sl still @ 4300. I have added one small position to my short @ 4210 looking for a long term downward move which hopefully reaches 3900 before I can lock it. This should be my last entry for this month.
Good luck everyone, green pips to all in trade.

I closed exact same position as soon as cable touched my tp at 1.4220. Then I went long half of my regular position at 1.4187 with sl @ 1.4087. I took half of that profit at 1.4287, second tp for the rest of the position was 1.4367. So right now I am at break even at 1.4087. However, as soon as cable touches 1.4150 i'll go long with my full regular trade, with the same sl.
  • #123,577
  • Feb 26, 2009 1:06am Feb 26, 2009 1:06am
short it
important news Nationwide HPI m/m came bad now!
ROBOT FOREX
  • #123,578
  • Feb 26, 2009 1:10am Feb 26, 2009 1:10am
Quoting Forbes55
short it
important news Nationwide HPI m/m came bad now!
don't worry about the news, they were probably already in the price of cable. trade what charts are telling you. so far they are not telling me to short.
  • #123,579
  • Feb 26, 2009 1:16am Feb 26, 2009 1:16am
Quoting laromanell
don't worry about the news, they were probably already in the price of cable. trade what charts are telling you. so far they are not telling me to short.
Exactly charts are def not saying to go short just yet
  • #123,580
  • Feb 26, 2009 1:16am Feb 26, 2009 1:16am
Quoting laromanell
don't worry about the news, they were probably already in the price of cable. trade what charts are telling you. so far they are not telling me to short.
Correct. follow the last week trend. It will go up to 1.4313, then we go for short. And also set for another buy at 1.4340 just in case it break the pivot at 1.4324
405 traders viewing now, 2 are registered:
saidi01
,
lafemo