Cable Update (GBPUSD) | Page 7696 | 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)

  • #153,901
  • Jul 31, 2009 12:05pm Jul 31, 2009 12:05pm
Quoting LizardGizzard
Could be the start of something but what's needed is a second hump...the downturn of the indicator...and for the super conservative, one would need a confirmation of a break below the trough, which is around 1.6. I used to trade nothing but divergences, still do to an extent, but one thing is for certain, they can portend something but need confirmation and development. We shall see what the next few weeks bring indeed.

Right now, I'm looking at 1M GBP divergence, which looks fully developed. Definitely time to exit a long if you don't wish...

lol 1 min .... insane .. try 544 tick chart ... hit short off mml 6723 with target 1 octave 25 pip

been trading a 2 min chart EU with great success today using 20 pip intervals and VSA set ups

Attached Image (click to enlarge)
Click to Enlarge Name: ym582.png Size: 125 KB
Blogging daily now at www.volume.zone
  • #153,902
  • Jul 31, 2009 12:06pm Jul 31, 2009 12:06pm
Quoting malcolmb14
not bad .. but if i was as great was you are I could not handle it lol ....

congrats on long GU . I missed it . I trade GJ it was a bitch today but got a few pips. I may try Gu next week ..seems a little smoother these days
GJ, the bitch as normal. I jumped on Cable after trading G/J for too long, nice slow predictable(ish) moves on Cable these days and not too many nasty surprises. Smooth and easy setups bro, you'll like her this year.

After trading G/J I think you'll think the same.

All the best and I look forward to seeing more of your excellent posts on here bro.

Have a great weekend
  • #153,903
  • Jul 31, 2009 12:08pm Jul 31, 2009 12:08pm
I usually use the 1M for exits, though its perfectly suitable for anything....so long as you zoom waaay out. Exited a short CAD/JPY that way today and worked nicely. Today is the PERFECT day for PA watchers. Awesome.
There's always money in the banana stand.
  • #153,904
  • Jul 31, 2009 12:20pm Jul 31, 2009 12:20pm
Obama begins talking, i wish he help us and pushing this bitch down!!
  • #153,905
  • Jul 31, 2009 12:25pm Jul 31, 2009 12:25pm
Quoting allserene
I guarantee you less sex if you get married

bro you're too funny...I love it
Hear the music before the song is over ...
  • #153,906
  • Edited 12:40pm Jul 31, 2009 12:29pm | Edited 12:40pm
Quoting Forbes55
I meant he would support USD and punch down euro and pound and only then bears f*ck the bulls


this is getting better and better...
Hear the music before the song is over ...
  • #153,907
  • Jul 31, 2009 12:34pm Jul 31, 2009 12:34pm
Quoting Forbes55
I meant he would support USD and punch down euro and pound and only then bears f*ck the bulls


hope the short u had wasnt to dangerous..

I am fully aware and taking nothing for granted i can see august taking accounts......bears may strike
  • #153,908
  • Jul 31, 2009 12:39pm Jul 31, 2009 12:39pm
Quoting nAVIN2007


hope the short u had wasnt to dangerous..

I am fully aware and taking nothing for granted i can see august taking accounts......bears may strike

As a intraday trader, give me strong moves with enough momentum to jump on ride for 30+ pips and jump off safely and I don't care which way it goes
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,909
  • Jul 31, 2009 12:45pm Jul 31, 2009 12:45pm
Quoting Forbes55
I meant he would support USD and punch down euro and pound and only then bears f*ck the bulls
I don't think anyone is listening to him now we know what he is

If things are normalizing, and normal is cable at 2.000+ which is where it was before the hoo har (and the US deficit is still there), then ok the trend is up - but it doesnt go in a straight line so there is time to get back long - how many times do we see a succession of 300 pip days - it does happen but it's rare
  • #153,910
  • Jul 31, 2009 12:50pm Jul 31, 2009 12:50pm
What direction its going in really doesn't matter, as long as your on board for the ride.

Holding strong opinions about where its going or where we would like it to go is really futile, but our forex egos want us to be able to predict price action cause of our technical expertise!

I myself was saying short with most others last night, then boom it took of north bound this morning.

It really doesn't matter where its going! Do we really care as long as were on board a while when it does move, whether its up or down.

I think the key to success is to always be neutral and expect the unexpected or just expect nothing and just go with momentum when it arrives.
  • #153,911
  • Jul 31, 2009 12:50pm Jul 31, 2009 12:50pm
Quoting allserene
I don't think anyone is listening to him now we know what he is

If things are normalizing, and normal is cable at 2.000+ which is where it was before the hoo har (and the US deficit is still there), then ok the trend is up - but it doesnt go in a straight line so there is time to get back long - how many times do we see a succession of 300 pip days - it does happen but it's rare

Historically, strong days like today get follow through into the next 2 days, around 2 times outta 3 from what I can see.

I guess after this move there will be less traders constantly trading against the trend, while they save up there pennys,

A move like this 2years back, woulda had me picking today for a reversal and hitting my SL 10 times in a row and getting back in at a worse than stopped price, ahhh the good days when I had money and didn't really care LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,912
  • Jul 31, 2009 1:01pm Jul 31, 2009 1:01pm
Quoting Turveyd
Historically, strong days like today get follow through into the next 2 days, around 2 times outta 3 from what I can see.

I guess after this move there will be less traders constantly trading against the trend, while they save up there pennys,

A move like this 2years back, woulda had me picking today for a reversal and hitting my SL 10 times in a row and getting back in at a worse than stopped price, ahhh the good days when I had money and didn't really care LOL
yes when we look back on 2005-2008, it was straight line if we just stand back

this could be that again

and there again it might not

when it's 2.5000 in 2011 we will look back and say why didnt we just put a load on and sit back

then when we zoom in and see the saw blade, we will think what it could have been if we had shorted the peaks too

oh for perfection... its not going to happen i know
  • #153,913
  • Jul 31, 2009 1:03pm Jul 31, 2009 1:03pm
Quoting alex1976
What direction its going in really doesn't matter, as long as your on board for the ride.

Holding strong opinions about where its going or where we would like it to go is really futile, but our forex egos want us to be able to predict price action cause of our technical expertise!

I myself was saying short with most others last night, then boom it took of north bound this morning.

It really doesn't matter where its going!...
What direction it's going is all that counts, predicting TP points is well a impossible task and totally futile, I'm sure alot of TP points got hit today, 100pips below the highs!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,914
  • Jul 31, 2009 1:11pm Jul 31, 2009 1:11pm
hello can u guys tell me what should i do , i took these position few weeks back , plese tell me should i close or wait

gbp/usd -- 6 lots -- long since 1.6178 up now
gpp/jpy-- 6 lots-- long since 151.60
gbp/nzd -- 10 lots long since 2.59 down around 600 pips now (f--k kiwi doll)
thanx in advance
  • #153,915
  • Jul 31, 2009 1:12pm Jul 31, 2009 1:12pm
Quoting Turveyd
What direction it's going is all that counts, predicting TP points is well a impossible task and totally futile, I'm sure alot of TP points got hit today, 100pips below the highs!!

u are wrong bro...the market is not random and u can predict where it will go one of these day i will come to your house and u can do statistics on my sh*t and i will prove it to u..

predict is the wrong word i know but u get my drift hopefully
  • #153,916
  • Jul 31, 2009 1:16pm Jul 31, 2009 1:16pm
from now on I am just trading off daily and buying or selling into trend based on daily candle closes.

No indicators, just price and support and resistance and candlesticks.

Starting from Monday.
  • #153,917
  • Jul 31, 2009 1:19pm Jul 31, 2009 1:19pm
Over analysis and indicator fascination creates confusion and directional illusion....
  • #153,918
  • Jul 31, 2009 1:20pm Jul 31, 2009 1:20pm
Quoting dingo_bingo
hello can u guys tell me what should i do , i took these position few weeks back , plese tell me should i close or wait

gbp/usd -- 6 lots -- long since 1.6178 up now
gpp/jpy-- 6 lots-- long since 151.60
gbp/nzd -- 10 lots long since 2.59 down around 600 pips now (f--k kiwi doll)
thanx in advance
move stops up to protect half profits maybe .. something like that , or take half off and move stops up let other half run
Blogging daily now at www.volume.zone
  • #153,919
  • Jul 31, 2009 1:25pm Jul 31, 2009 1:25pm
Quoting dingo_bingo
hello can u guys tell me what should i do , i took these position few weeks back , plese tell me should i close or wait

gbp/usd -- 6 lots -- long since 1.6178 up now
gpp/jpy-- 6 lots-- long since 151.60
gbp/nzd -- 10 lots long since 2.59 down around 600 pips now (f--k kiwi doll)
thanx in advance
share with me
ROBOT FOREX
  • #153,920
  • Jul 31, 2009 1:31pm Jul 31, 2009 1:31pm
today important news 7:00am CNY Manufacturing PMI
What does it mean? what currency?
ROBOT FOREX
436 traders viewing now, 3 are registered:
,
CPUmice
,
Ahsan