Can't see any signals to short it yet.Maybe after NY close if it goes down.
.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedHi WB,
But if you don't mind, how can a 100 pip area (4500 - 4600) be "A" level of resistance? And, what was the "obvious" signal yesterday? Sorry, just trying to learn here.Ignored
DislikedBecause there is no possible way for you to point to a certain pip value as an s/r level.
The signals for the breakout are in the wormhole thread.Ignored
Dislikedyou're welcome mate. I wish you good luck with your trades. Word of advise tho, if you're still new like you said you are, try not to have too many "stuff" on your chart. It'll most likely hamper your trading ability rather than improving it. Just a thoughtIgnored
DislikedI'm a newbie and this is just my take but the Cable still not able to break my 4 areas of resistance on the one hour and with the last 4 hour candle, I'm short 2 standard lots at 4407.
See ya in a couple hours...LOL...wish me luck!Ignored
DislikedTrying a small long - so I wish you only a tiny stop loss coz I am nice
It's fascinating watching all this
Perhaps the G20 will say something if their microphones havent been stolen and made into blue tit nesting boxesIgnored
Disliked1.4433 is reversal area if cable broke it will fly to 1.4535
Let us seeIgnored
DislikedNot disagreeing with you but what you see most likely others, I mean institution traders, banks, big boys, would see as well. And most likely they already priced in this fact. Remember the old saying "buy the rumor and sell the fact". If they do cut the rate more than what anticipated then we would see a big drop. Or if they cut less than expected then a rise. But if the cut is exactly as forecast....then we may or may not see a huge drop.Ignored
DislikedWell Buddy,
Somehow i set my tto w/an "Idiotic"
1.4417 TP, instead of 1.4517...!
Oh Well,
Maybe it's best...
This thing is acting like Molasses or KarrO Syrup.
Nobody's surely holding a magnet to the top of
the Screen !
i gotta get to work anyway!
-Pipping while driving, while working...
Ahhh the Life,
Hope it make's it for you all,
Jeff ! P.S. Looks like "they" pulled their magnets out again!Ignored
DislikedI see...makes sense seeing your chart. I never thought we could call a "single" pip as S/R but I also never thought of a range that large for one. Hmmm....
I should also add that at 2 full lots ($20 a pip) , I'm not looking for a huge move down here. If I can pull 20 - 30 pips out of it, that would be cool. Was at +14 before but decided to let it run as I made my call from the 4H chart.
Thank You WB.Ignored
Disliked[color=black]i have a question when looking at what you put on here about your 2 standard lot position, what is your percent of risk to the account and risk to reward ratios? the real key to being successful in trading is money management. if you teach two monkeys to trade and teach one money management and the other fundamental analysis and charting and they each place one winning trade and one losing trade the one that used all the fundamental understanding and good technical analysis lost everything when there trade went against them, the monkey...Ignored
Disliked[color=black]i have a question when looking at what you put on here about your 2 standard lot position, what is your percent of risk to the account and risk to reward ratios? the real key to being successful in trading is money management. if you teach two monkeys to trade and teach one money management and the other fundamental analysis and charting and they each place one winning trade and one losing trade the one that used all the fundamental understanding and good technical analysis lost everything when there trade went against them, the monkey...Ignored
DislikedIt's fascinating watching all this
Perhaps the G20 will say something if their microphones havent been stolen and made into blue tit nesting boxesIgnored
DislikedTo be honest, I stepped out of my normal maximum risk of 2% for that trade and took a shot risking 5% (which I just lost). I SHOULD have banked the +14 I had and been happy. Oh well, the Harley ain't getting no chrome this week...LOL
I understand your point and actually, I've been doing very well with MM for the past few months (although still learning that as well). Guess I'm the stupid monkey on this one. BUT, I'll make it back.Ignored
Dislikedlove it! I've been following it all day on Sky News. Will have to go into university in Moorgate tomorrow . Before that i have to change at London Bridge .Ignored