Cable Update (GBPUSD) | Page 6228 | 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)

  • #124,541
  • Mar 3, 2009 10:35am Mar 3, 2009 10:35am
Quoting billyray1
i use ninja trader w/MB Trading, an ECN broker that's been mentioned here before. i began using ninja with futures, so i'm used to it now - don't really know how it compares with MT4 in terms of charting... good luck

whoops - forgot to mention you can use it with other brokers like interactive, gain, etc. and free demos are easy to come by...
ive heard a lot about ninja trader id love to know how it compares to MT4, If anyone has used both please let us know what you think!!
  • #124,542
  • Mar 3, 2009 10:37am Mar 3, 2009 10:37am
Quoting PipLand
Can I ask why you took an entry at 4010? I just think its a little risky being close to support and the way the last 15min candle closed, theres the risk we may run upto the trendline before heading down again, i hope not because im short too but you never know
he's trading from a compete diff system then you, whit wide stop, entry over 1h and 4h.... 15 min is no consideration whit that perspective. As you can see this morning trendline been broke over 15, whitout any notice over 1h/4h.

plot 60 sma bolliinger band over 1h chart you'll get the idea.

---------------
if i can suggest, over 15min tf, 62 ema play the same role. Never buy when price is under 62 ema, vive versa. It no joke.. well for me.
Any short over 60 ema is a conter trend, have a look at that.

I personaly trade bounce from 10 and 21 ema (over/under 60 ema) on 5 and 15 tf + coincidence whit fibs.... its me.


take care!
  • #124,543
  • Mar 3, 2009 10:44am Mar 3, 2009 10:44am
for me, on the 60m chart, this has to close and hold below 4000 before i continue short. only 15 min to London close, so will see what becomes of it in 15minutes.

if not, will be looking to close trades with profit... get some snooze... with a small portion of the trade open to see if it will continue to 3950
Durn the torpedos, full speed ahead
  • #124,544
  • Mar 3, 2009 11:06am Mar 3, 2009 11:06am
Quoting Inzider
he's trading from a compete diff system then you, whit wide stop, entry over 1h and 4h.... 15 min is no consideration whit that perspective. As you can see this morning trendline been broke over 15, whitout any notice over 1h/4h.

plot 60 sma bolliinger band over 1h chart you'll get the idea.

---------------
if i can suggest, over 15min tf, 62 ema play the same role. Never buy when price is under 62 ema, vive versa. It no joke.. well for me.
Any short over 60 ema is a conter trend, have a look at that....
Yeah I wasnt critizing at all i just didnt understand why short from that entry, I dont know much about bolinger bands, a chart and desc would be nice though.

For me personally i wouldnt short or add to short unless price on the 15min held below 3990
  • #124,545
  • Mar 3, 2009 11:15am Mar 3, 2009 11:15am
Quoting PipLand
Yeah I wasnt critizing at all i just didnt understand why short from that entry, I dont know much about bolinger bands, a chart and desc would be nice though.

For me personally i wouldnt short or add to short unless price on the 15min held below 3990
Here comes 39.90 - how long has it to hold before you short ?

All my cash is with the Bank of England now - so as long as they dont go bust I should be able to stay in the game

I own the next generation - hope they don't die of overwork before they pay me back
  • #124,546
  • Mar 3, 2009 11:23am Mar 3, 2009 11:23am
Any one have any good insight as to why this is playing up and down, without using the word support and resistance!!

Like many i am waiting for a hold below 13990
  • #124,547
  • Mar 3, 2009 11:23am Mar 3, 2009 11:23am
Quoting allserene
Here comes 39.90 - how long has it to hold before you short ?

All my cash is with the Bank of England now - so as long as they dont go bust I should be able to stay in the game

I own the next generation - hope they don't die of overwork before they pay me back
i still have some shorts on from the 4110 and I dont intend to add to them at the current price. Im not adding below 3990 today either. But if I was going to add to my shorts holding below that is the requirement I would need at these levels.

I wouldnt count on being paid back by the next generation!
  • #124,548
  • Mar 3, 2009 11:25am Mar 3, 2009 11:25am
Quoting Readie
Any one have any good insight as to why this is playing up and down, without using the word support and resistance!!

Like many i am waiting for a hold below 13990
Well bouncing of support is a good reason, but also a little late rally in the dow might be pushing this up a little
  • #124,549
  • Mar 3, 2009 11:30am Mar 3, 2009 11:30am
Quoting PipLand
Well bouncing of support is a good reason, but also a little late rally in the dow might be pushing this up a little

I knew there was something i was missing!!!! d'oh
  • #124,550
  • Mar 3, 2009 11:32am Mar 3, 2009 11:32am
dont worry rallys in the dow rarely last more than 5 mins these days
  • #124,551
  • Mar 3, 2009 11:32am Mar 3, 2009 11:32am
Hi to all of the people,
I am again long GBP/USD and EU/$ I think end of EU session they sold bit and it seems they bought the lows for the day............where else to go only way is long ............
maybe I am wrong this thing now becoming some kind of a guessing game.....
happy piping to all
BANDA333
  • #124,552
  • Mar 3, 2009 11:34am Mar 3, 2009 11:34am
Quoting PipLand
dont worry rallys in the dow rarely last more than 5 mins these days
LOL!!!!
  • #124,553
  • Edited 12:45pm Mar 3, 2009 11:55am | Edited 12:45pm
Quoting BANDA
Hi to all of the people,
I am again long GBP/USD and EU/$ I think end of EU session they sold bit and it seems they bought the lows for the day............where else to go only way is long ............
maybe I am wrong this thing now becoming some kind of a guessing game.....
happy piping to all
i don't think so, check the chart once cable break the support nothing will hold it to hit 1.3501 in the long term... and 1.3820 in short term
also as you can see in the chart there are no support at all in the red box
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guessing.gif Size: 66 KB
Click to Enlarge Name: guessing-wg.gif Size: 50 KB
  • #124,554
  • Mar 3, 2009 12:08pm Mar 3, 2009 12:08pm
go down
  • #124,555
  • Mar 3, 2009 12:09pm Mar 3, 2009 12:09pm
Quoting PipLand
I wouldnt count on being paid back by the next generation!
I am going to anchor one of those 100 square mile icebergs near greenland and declare independence - then its a tax free zone and they wont be able to exact their 90% tax rate on me... global warming will reverse as industry collapses and I like cod anyway

This 60 billion that AIG have lost in the last qtr must have been used in paying up on credit insurance - that money will have gone to UK/europe - wonder if thats why cable isnt worse - the US is carrying the can ultimately. I thought cable would be 1.36 or much less by now

any takers for cable at 2.10 in 2010 ?

I expect a decision soon and I am inclined to say DOWN - keeping to trend
  • #124,556
  • Mar 3, 2009 12:21pm Mar 3, 2009 12:21pm
i think there will be a big move, but i dont know where, north or south?
  • #124,557
  • Mar 3, 2009 12:29pm Mar 3, 2009 12:29pm
Hey
The reason ..........on 4H chart 8 candle managed to close above 1.40 this made me think there are buyers in that area.........I don't use sophisticated analysis it is beyond my IQ ............ refer to the chart .........I am not questioning your superior judgment and reading of price action..........Sure anything can happen today with on going Fed sec deposition




Quoting Abuawad
i don't think so, check the chart once cable break the support nothing will hold it to hit 1.3501 in the long term... and 1.3820 in short term
also as you can see in the chart there are no support at all in the red box
Attached Image
BANDA333
  • #124,558
  • Mar 3, 2009 12:33pm Mar 3, 2009 12:33pm
Quoting allserene
I am going to anchor one of those 100 square mile icebergs near greenland and declare independence - then its a tax free zone and they wont be able to exact their 90% tax rate on me... global warming will reverse as industry collapses and I like cod anyway

This 60 billion that AIG have lost in the last qtr must have been used in paying up on credit insurance - that money will have gone to UK/europe - wonder if thats why cable isnt worse - the US is carrying the can ultimately. I thought cable would be 1.36 or much less by now

any takers for...
LOL I like Cod too, bit cold though for me I was in the POlish mountains a few weeks ago and that was cold enough for me even!!

I wouldnt mind an Island though as well, somewhere hot. It will prob have a stronger economy than the UK anyway

As far as cable goes I wouldnt want to bet on a recovery by 2010 that seems a long way away for now.

Path of least resistance seems to be down for now, eyeing up 3900 - 3800 in the short term. After that there doesnt seem to be much stopping it going all the way back down to 1.35 and if it does that youd have to wonder if there will be the same amount of buyers as there was last time!
  • #124,559
  • Mar 3, 2009 12:35pm Mar 3, 2009 12:35pm
Quoting Abuawad
i don't think so, check the chart once cable break the support nothing will hold it to hit 1.3501 in the long term... and 1.3820 in short term
also as you can see in the chart there are no support at all in the red box
I vote with you - it's due for a severe malkie as they say in glasgow

http://www.urbandictionary.com/define.php?term=malkie
  • #124,560
  • Mar 3, 2009 12:40pm Mar 3, 2009 12:40pm
Quoting PipLand

Path of least resistance seems to be down for now, eyeing up 3900 - 3800 in the short term. After that there doesnt seem to be much stopping it going all the way back down to 1.35 and if it does that youd have to wonder if there will be the same amount of buyers as there was last time!
ok it's unanimous - me and you and Abuawad etc etc

If it doesn't go down now, then it will be undemocratic and defying the will of the majority - and that's bad supposedly
1,300 traders viewing now