Cable Update (GBPUSD) | Page 7197 | 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)

  • #143,921
  • Jul 8, 2009 12:44am Jul 8, 2009 12:44am
Quoting Forexworld
but on 4 H chart we are heading to downside
the retail forex traders (us) are the more bearish after the market has move the farthest down .. this can be seen in the COT data for those of you that know what that is.

im not saying we are going to bounce .. all i see is support and i buy there.
  • #143,922
  • Jul 8, 2009 12:48am Jul 8, 2009 12:48am
Quoting jack.canadia
sweet deal .. i recomend sticking with that setting and learning how to combine the levels with support and resistance, as well as fibonacci levels

hi jack,

i dl ur daily pivot too, but no idea how to load it into mt4.

help pls..
  • #143,923
  • Jul 8, 2009 12:49am Jul 8, 2009 12:49am
Quoting junto
hi jack,

i dl ur daily pivot too, but no idea how to load it into mt4.

help pls..
do this 1 by one

click on...

my computer
C drive
programs files
metatrader
experts folder
indicators folder --> drop the file in this folder .. restart mt4 .. will be under the custom indicators
  • #143,924
  • Jul 8, 2009 12:55am Jul 8, 2009 12:55am
Quoting jack.canadia
im not saying we are going to bounce .. all i see is support and i buy there.
I think buying before london is a bit risky bro. just a thought
Thank You
  • #143,925
  • Jul 8, 2009 12:55am Jul 8, 2009 12:55am
we will retest the pivot at 1.6183
  • #143,926
  • Jul 8, 2009 12:58am Jul 8, 2009 12:58am
Quoting wormboy
I think buying before london is a bit risky bro. just a thought
most time though if we are at support/resistance for any pair around the time of a major market open, moves occur accoring to that level.

example .. 6100 the other day pre NY open .. at support and what happened, buying. it occurs more times than you think
  • #143,927
  • Jul 8, 2009 12:58am Jul 8, 2009 12:58am
Quoting wormboy
I agree with you on the possibility of seeing 5900 level first before pulling elsewhere. Just this thing had been a slug.
My baby dragon had offered better trade options compared to cable this week so far.
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
Blogging daily now at www.volume.zone
  • #143,928
  • Jul 8, 2009 12:59am Jul 8, 2009 12:59am
Quoting malcolmb14
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
i dont know how u guys trade that pair .. too much for me lol overshoots support.resistance levels wider stops needed = stress lol
  • #143,929
  • Jul 8, 2009 1:00am Jul 8, 2009 1:00am
Quoting jack.canadia
the retail forex traders (us) are the more bearish after the market has move the farthest down .. this can be seen in the COT data for those of you that know what that is.

im not saying we are going to bounce .. all i see is support and i buy there.
agreed...
  • #143,930
  • Jul 8, 2009 1:03am Jul 8, 2009 1:03am
i keep forgetting but theres news in 2 hrs
  • #143,931
  • Jul 8, 2009 1:05am Jul 8, 2009 1:05am
Quoting jack.canadia
most time though if we are at support/resistance for any pair around the time of a major market open, moves occur accoring to that level.

example .. 6100 the other day pre NY open .. at support and what happened, buying. it occurs more times than you think
Okay. I have not had the chance to look at it the way you had. I'm just saying in this case since we had just cleared of the h4 ltl that i'll be riskier. But you're sharp bro, so I have very little reason to think that your strategy won't work
Thank You
  • #143,932
  • Jul 8, 2009 1:06am Jul 8, 2009 1:06am
Hourly close under both major support at Murray Math 0/8 6113 and -1/8 overshoot 6083.

In addition, not only did we break 6113 and ran down to 6060, but crucially we also retested that level and it held as resistance.

As I am a price trader, I have added to my 6154 short (see earlier posts) with a 6090 short. Stop loss is 6135 and I am looking for a run down to 6000.
Attached Image (click to enlarge)
Click to Enlarge Name: cable chart 1.gif Size: 24 KB
  • #143,933
  • Jul 8, 2009 1:06am Jul 8, 2009 1:06am
Quoting wormboy
Okay. I have not had the chance to look at it the way you had. I'm just saying in this case since we had just cleared of the h4 ltl that i'll be riskier. But you're sharp bro, so I have very little reason to think that your strategy won't work
i dont have a position currently .. but look at her go lol
  • #143,934
  • Jul 8, 2009 1:06am Jul 8, 2009 1:06am
Quoting malcolmb14
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
mate, you're 2 timing her too with cable!
Thank You
  • #143,935
  • Jul 8, 2009 1:11am Jul 8, 2009 1:11am
up for a short time meaning down for a long time.sorry .Jack what kind of SL you using ???

Quoting wormboy
I think buying before london is a bit risky bro. just a thought
  • #143,936
  • Jul 8, 2009 1:11am Jul 8, 2009 1:11am
Quoting Zuke
Hourly close under both major support at Murray Math 0/8 6113 and -1/8 overshoot 6083.

In addition, not only did we break 6113 and ran down to 6060, but crucially we also retested that level and it held as resistance.

As I am a price trader, I have added to my 6154 short (see earlier posts) with a 6090 short. Stop loss is 6135 and I am looking for a run down to 6000.
ya 6000 is next on the menu
  • #143,937
  • Jul 8, 2009 1:12am Jul 8, 2009 1:12am
Quoting Forexworld
up for a short time meaning down for a long time.sorry .Jack what kind of SL you using ???
my original longs from the 70 aread were stopped +3 .. dont let a winner ever go against u

right now no trade open for me
  • #143,938
  • Jul 8, 2009 1:15am Jul 8, 2009 1:15am
in at 1.60705...
risky...but im in for somethin small until london
probably gonna pull soon
With Great Money Management Comes Great Success PATIENCE
  • #143,939
  • Jul 8, 2009 1:15am Jul 8, 2009 1:15am
hello all.
sorry for my english
i want to share with you some setup, witch i found in internet and i check it for 5 days (and that works)
add to chart 2 Stochastic indicators
setup for first: A
KPeriod:120
Levels :
90
10

setup for second: B
KPeriod:15
Levels :
95
70
40
5

SL 10-12 pips
TP 30-40 pips

enter condition (buy)
if A>90 and B<40 (A must do first touch. After watch B)
if A<=5 and B<=5 (A must do first touch. After watch B)

exit
if use (if A>90 and B<40 ) then B->90
if use (A<=5 and B<=5 ) then B>=70


enter condition (sell)
if A<=10 and B>70 (A must do first touch. After watch B)
if A>=90 and B>=90 (A must do first touch. After watch B)

exit
if use (A<=10 and B>70 ) then B<=5
if use (A>=90 and B>=90 ) then B<=40.
  • #143,940
  • Jul 8, 2009 1:15am Jul 8, 2009 1:15am
Quoting jack.canadia
do this 1 by one

click on...

my computer
C drive
programs files
metatrader
experts folder
indicators folder --> drop the file in this folder .. restart mt4 .. will be under the custom indicators

hey jack,

thanks alot!

btw my pivot hr = 0 at 1.6071

it should b 1.6147 ?

wat hr should i set it to?
284 traders viewing now, 6 are registered:
sam3234
,
cobblecop
,
RSdecompose
,
Molaro
,
ericis
,