Cable Update (GBPUSD) | Page 7319 | 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)

  • #146,361
  • Jul 15, 2009 6:13am Jul 15, 2009 6:13am
Quoting wormboy
p/s : I seriously envy your "office"!
LOL...that's a rare thing my friend. Since I normally trade the London into the US sessions, it's usually from 3:00AM to about 10 or 11AM my time. So it's dark and cold....LOL

Enjoy dinner buddy!!....
Ghost Rider - WWTBMD?
  • #146,362
  • Jul 15, 2009 6:29am Jul 15, 2009 6:29am
[quote=Welsh Boy;2875172]Hello everyone,

I am new to Forex Factory and recently started trading. Still using a DEMO account (3 weeks), and watching the GBP/USD pair mostly.


Welcome Welsh Boy,
Good luck in your Trading,

Read books n practice over n over again.
  • #146,363
  • Jul 15, 2009 6:33am Jul 15, 2009 6:33am
Quoting wormboy
I'll give you a link to a beginner site if you want to get your hands "dirty" with trendlines
Hi WB, if u don;t mind, could i have the link too
  • #146,364
  • Jul 15, 2009 6:36am Jul 15, 2009 6:36am
Sounds like everybody is quietly making pips

Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,365
  • Jul 15, 2009 6:40am Jul 15, 2009 6:40am
Quoting Ben920FX
There you go your Lioness
i am looking for a lioness not a house cat
  • #146,366
  • Jul 15, 2009 6:41am Jul 15, 2009 6:41am
Quoting Bull_Bear
Sounds like everybody is quietly making pips

only when we burst throughthis resistance...
Keep It Simple Stupid
  • #146,367
  • Jul 15, 2009 6:42am Jul 15, 2009 6:42am
Quoting forexlion
i am looking for a lioness not a house cat

Better safe than sorry
  • #146,368
  • Jul 15, 2009 6:43am Jul 15, 2009 6:43am
thanks BB and WB ..green pips buy 1.6046 .. TP...still open
  • #146,369
  • Jul 15, 2009 6:46am Jul 15, 2009 6:46am
Quoting Welsh Boy
Hello everyone,

I am new to Forex Factory and recently started trading. Still using a DEMO account (3 weeks), and watching the GBP/USD pair mostly.

I have been enjoying the FF banter and learned a lot since being a guest.

Just trying to get a better idea of the technical indicators, I use the 1 Hour charts and a couple of indicators including MACD (21,55,8), SSD (8,5,3), RSI (14) along with S&R which I am picking up from you guys.

From your experience using the 1 hour charts what indicators would you recommend and their settings?
Hi Welsh Boy & Welcome,

From my own experience (I'm a new trader too), one of the biggest mistakes we make when starting out is to work from the lower time frames and then load them up with "indicators" we don't really understand and thus confuse ourselves when they tell us slightly different things.

IMHO, keeping the charts clean and working from higher time frames...i.e. Weekly/Daily while learning (ON DEMO) to identify strong PPZ's (Price Pivot Zones) and PA (Price Action) is the best/easiest way to become a good, consistent trader.

I suggest you start here.... http://www.forexfactory.com/showthread.php?t=2331 ....and follow the minimum requirements to the letter.

Take your time, read the whole thread (I have 3 times), and practice. Yes it's a large thread but well worth the time and as you go, you'll find the posts you can skip.

Best wishes and remember, you don't need to loose a DIME while learning to trade....
Ghost Rider - WWTBMD?
  • #146,370
  • Jul 15, 2009 6:50am Jul 15, 2009 6:50am
Quoting ranhat007
thanks BigBoobs and WideBoobs ..green pips buy 1.6046 .. TP...still open
  • #146,371
  • Jul 15, 2009 6:51am Jul 15, 2009 6:51am
Quoting albchr
Hi Welsh Boy & Welcome,

From my own experience (I'm a new trader too), one of the biggest mistakes we make when starting out is to work from the lower time frames and then load them up with "indicators" we don't really understand and thus confuse ourselves when they tell us slightly different things.

IMHO, keeping the charts clean and working from higher time frames...i.e. Weekly/Daily while learning (ON DEMO) to identify strong PPZ's (Price Pivot Zones) and PA (Price Action) is the best/easiest way to become a good, consistent trader.

I...
best post i seen on here in a long time..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 24 KB
  • #146,372
  • Jul 15, 2009 6:52am Jul 15, 2009 6:52am
Quoting Alastair
only when we burst throughthis resistance...
Patience my friend...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,373
  • Jul 15, 2009 6:55am Jul 15, 2009 6:55am
Quoting albchr
Hi Welsh Boy & Welcome,

From my own experience (I'm a new trader too), one of the biggest mistakes we make when starting out is to work from the lower time frames and then load them up with "indicators" we don't really understand and thus confuse ourselves when they tell us slightly different things.

IMHO, keeping the charts clean and working from higher time frames...i.e. Weekly/Daily while learning (ON DEMO) to identify strong PPZ's (Price Pivot Zones) and PA (Price Action) is the best/easiest way to become a good, consistent trader.

I...
Thanks albchr, will be busy reading for the next couple of days!
  • #146,374
  • Jul 15, 2009 6:55am Jul 15, 2009 6:55am
Quoting albchr
Hi Welsh Boy & Welcome,

From my own experience (I'm a new trader too), one of the biggest mistakes we make when starting out is to work from the lower time frames and then load them up with "indicators" we don't really understand and thus confuse ourselves when they tell us slightly different things.

IMHO, keeping the charts clean and working from higher time frames...i.e. Weekly/Daily while learning (ON DEMO) to identify strong PPZ's (Price Pivot Zones) and PA (Price Action) is the best/easiest way to become a good, consistent trader.

I...
Thanks
  • #146,375
  • Jul 15, 2009 6:56am Jul 15, 2009 6:56am
Quoting Bull_Bear
Patience my friend...
if we do get a solid close above this area where are you eye balling for a t/p?
P.S. TRI Nations is starting soon mate!
Keep It Simple Stupid
  • #146,376
  • Jul 15, 2009 6:57am Jul 15, 2009 6:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I think we are nearly getting ready for shorting...64250 ish..
What do u say folks?



ams
  • #146,377
  • Jul 15, 2009 6:59am Jul 15, 2009 6:59am
1.6453
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
  • #146,378
  • Jul 15, 2009 7:00am Jul 15, 2009 7:00am
Good Morning All! Sighted this pattern and area of possible turn....
Attached Image (click to enlarge)
Click to Enlarge Name: upcoming.jpg Size: 419 KB
Hero Traders Live to see their Accounts Die!
  • #146,379
  • Jul 15, 2009 7:00am Jul 15, 2009 7:00am
Quoting ams
I think we are nearly getting ready for shorting...
What do u say folks?



ams
please give your reasoning behind this decision?..
  • #146,380
  • Jul 15, 2009 7:01am Jul 15, 2009 7:01am
Quoting Alastair
if we do get a solid close above this area where are you eye balling for a t/p?
P.S. TRI Nations is starting soon mate!
Got one eye on the computer, the other "The State of ORigin". GO the blues!!!
Veni, Vidi, Vici (We came, we saw, we conquered)
369 traders viewing now, 1 is registered: