Cable Update (GBPUSD) | Page 7167 | 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)

  • #143,321
  • Jul 6, 2009 8:46pm Jul 6, 2009 8:46pm
Quoting Turveyd
It is just me then, I don't see any market respect from any pivots I've triend, okay maybe I'm trying to use them as S/R rather than a trend indicator and very vaguely but NO!!!
Set them as of 00:00GMT.

Compare it to the chart i posted.. should have those values.

The M levels are the midpoints between the maine pivot lines
  • #143,322
  • Jul 6, 2009 8:48pm Jul 6, 2009 8:48pm
take a short @ 6255.. TP 6092...
morning buddy...
Juz a newbie learn to get rich.
  • #143,323
  • Jul 6, 2009 8:49pm Jul 6, 2009 8:49pm
Quoting jack.canadia
Set them as of 00:00GMT.

Compare it to the chart i posted.. should have those values.

The M levels are the midpoints between the maine pivot lines
see that reaction to the daily pivot at 6238 .. happening now it may not be as pronounced but it touched 6238 on my platform and reacted 10 pips already.
  • #143,324
  • Jul 6, 2009 8:55pm Jul 6, 2009 8:55pm
Next Target if we cross the support line again
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 28 KB
  • #143,325
  • Jul 6, 2009 8:55pm Jul 6, 2009 8:55pm
Quoting jack.canadia
see that reaction to the daily pivot at 6238 .. happening now it may not be as pronounced but it touched 6238 on my platform and reacted 10 pips already.
Took a note of them.

I was looking at 38 on my chart where it was holding, chart had frozen doh!!!

It was my 30mins 0.10% envelope range there aswell, so I'd of been looking for a reversal to

Missing data on the chart so can't say L on FXCM is right there though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,326
  • Jul 6, 2009 8:57pm Jul 6, 2009 8:57pm
Shame I didn't leave my near 6300 short on longer hey as per normal.


Sleep time, laters all trade carefully!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,327
  • Jul 6, 2009 8:57pm Jul 6, 2009 8:57pm
Quoting Lejumeau
Next Target

just waiting for a better place to short from!
  • #143,328
  • Jul 6, 2009 8:57pm Jul 6, 2009 8:57pm
Quoting Turveyd
Took a note of them.

I was looking at 38 on my chart where it was holding, chart had frozen doh!!!

It was my 30mins 0.10% envelope range there aswell, so I'd of been looking for a reversal to

Missing data on the chart so can't say L on FXCM is right there though.
are u trading a micro? im with fxcm too
  • #143,329
  • Jul 6, 2009 8:59pm Jul 6, 2009 8:59pm
Quoting jack.canadia
are u trading a micro? im with fxcm too

Mini $1 per pip!!!

Not easy with a $300 account, but easier than $100 which I had a few weeks back
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,330
  • Jul 6, 2009 9:02pm Jul 6, 2009 9:02pm
Quoting Turveyd
Mini $1 per pip!!!

Not easy with a $300 account, but easier than $100 which I had a few weeks back
Aren't you a little overleveraged trading $1/pip on a $300 account?
  • #143,331
  • Jul 6, 2009 9:02pm Jul 6, 2009 9:02pm
My new Range / Trend system is holding up and letting me see whats happening nicely.

And Wednesday all being well, a girlie I've been training up should be free to trade along side me, 2 heads are better than 1 theory.


So hopefully get my losses back soon ish, but we shall see.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,332
  • Jul 6, 2009 9:03pm Jul 6, 2009 9:03pm
Quoting Ipips
Aren't you a little overleveraged trading $1/pip on a $300 account?
no hes not .. i started my first micro with $30

once you are out of the trenches u are fine
  • #143,333
  • Jul 6, 2009 9:04pm Jul 6, 2009 9:04pm
Quoting Turveyd
My new Range / Trend system is holding up and letting me see whats happening nicely.

And Wednesday all being well, a girlie I've been training up should be free to trade along side me, 2 heads are better than 1 theory.


So hopefully get my losses back soon ish, but we shall see.
I can try and help! what time zone are u in/
  • #143,334
  • Jul 6, 2009 9:04pm Jul 6, 2009 9:04pm
Quoting Ipips
Aren't you a little overleveraged trading $1/pip on a $300 account?

Can't bring myself to trade for less, it's just not worth my time and the hassle of setting up a Micro account, I'm a scalper so it's okay 99% of the time but that 1% can be a killer
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,335
  • Jul 6, 2009 9:06pm Jul 6, 2009 9:06pm
Quoting jack.canadia
I can try and help! what time zone are u in/

UK but I'm a night owl so if you think USA time, it's 3am here for instance.

Your pivot held, thats the first pivot I've seen hold ever, congrat's!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,336
  • Jul 6, 2009 9:08pm Jul 6, 2009 9:08pm
Quoting Turveyd
UK but I'm a night owl so if you think USA time, it's 3am here for instance.

Your pivot held, thats the first pivot I've seen hold ever, congrat's!!
you're lucky .. you get the whole london session and then the full NY session too! you can sleep during asia .. thats perfect

its held so far .. zoom out on the hourly .. the central pivot line is a pretty important one

i took a long at 6242. trying for at least 20 then waiting on a short opportunity..

also see which pivot we bounced off of near 6200
  • #143,337
  • Jul 6, 2009 9:09pm Jul 6, 2009 9:09pm
Quoting Lejumeau
Next Target if we cross the support line again

Thanks I will consider that...Maybe we see a consolidation first or a move to 6365 or more before it goes down to that level...just maybe...
Never Stop Learning...
  • #143,338
  • Jul 6, 2009 9:12pm Jul 6, 2009 9:12pm
Quoting Turveyd
Can't bring myself to trade for less, it's just not worth my time and the hassle of setting up a Micro account, I'm a scalper so it's okay 99% of the time but that 1% can be a killer

Cool. Be sure to book your profits whenever you can.
  • #143,339
  • Jul 6, 2009 9:13pm Jul 6, 2009 9:13pm
Quoting jack.canadia
you're lucky .. you get the whole london session and then the full NY session too! you can sleep during asia .. thats perfect

its held so far .. zoom out on the hourly .. the central pivot line is a pretty important one

i took a long at 6242. trying for at least 20 then waiting on a short opportunity..

also see which pivot we bounced off of near 6200

Never up for the UK Session, going to have to start though sadly as time is ticking.

Looking at my Stat's only 21 trades between 08:00 and 10:59 in 5 years, 4 per year LOL

Charts refreshing nice bounce off, but bounced off my Envelope range also spot on so ?? back to 60sma M1 then reversed again!!


Here is my chart of how I trade!!
Attached Image (click to enlarge)
Click to Enlarge Name: this is how i trade.gif Size: 18 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,340
  • Jul 6, 2009 9:15pm Jul 6, 2009 9:15pm
Just a note about the bounce from the daily pivot .. notice how i added a white box showing a level that presented it self today as both support and resistance .. the fact that it overlapped with a pivot, and the dail pivot at that, made it a level to take a high probabilty trade..

anyway im off for a bit.

my sell zone for tonight is 6310/30 and that includes the sunday gap as well. otherwise, she is bullish again.

a failure of this then ill wait for the daily pivot to break, and then short a re-test..

see you in a bit
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 34 KB
1,325 traders viewing now, 1 is registered: