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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

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  • Post #177,581
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  • Edited at 1:56am Oct 20, 2009 1:55am | Edited at 1:56am
  •  XTrade
  • Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Long From Last night-
Cable @ 6289
Fibre @ 4855

If we break these resistances, then both will go higher..
If not, The LDN Boyz will be selling at first bet.

However NY open "may" counteract LDN sellers with a battle till' LDN close.

The 2 pairs are dying to break res.

Fibre has already broken strong resistance @ 4960 area.

If cable follows lead. 6400 is toast. If not, I am out.

I am thinking retrace to 6250 Area first.

I am learning how to not close day old trades with 100 + pips on them.
Also learning to take unnecessary trades. Let the winners ride. Cut the losers short.

Entry.


Quoting Benjie
Disliked
Flag break out soon ?!? Hope it settles the direction..
Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
 
 
  • Post #177,582
  • Quote
  • Oct 20, 2009 2:02am Oct 20, 2009 2:02am
  •  XTrade
  • Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Long Dragon also (this may be a short term trade) depending on PA. May physically close.

entry 147.90

SL. 47.80

TP 48.70

Hope all are well!

Won't make LDN... Be around for a short while.

Wish you all GREAT trading.
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
 
 
  • Post #177,583
  • Quote
  • Oct 20, 2009 2:11am Oct 20, 2009 2:11am
  •  carimakan
  • | Joined Aug 2009 | Status: Member | 24 Posts
Well.. we passed 1.64, maybe we're heading for 1.65.
 
 
  • Post #177,584
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  • Oct 20, 2009 2:14am Oct 20, 2009 2:14am
  •  mloistianto
  • | Joined May 2009 | Status: Member | 1,795 Posts
add short @ 1.6425.. Keep watching my trendlines. Yes Trend Lines. This may be a short lived trade.. Will close it if the trend clearly breached.

Reason: we got 5 consecutive daily bullish candles, near trendline, taking a retrace probability.

After all its only a probability. i'm not predicting anything. Just taking my chances.
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  • Post #177,585
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  • Oct 20, 2009 2:17am Oct 20, 2009 2:17am
  •  ayseaf
  • | Joined Jul 2009 | Status: Member | 28 Posts
I think will hit @6530 61.8% for 4H from 7040
 
 
  • Post #177,586
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  • Oct 20, 2009 2:21am Oct 20, 2009 2:21am
  •  vangcuibap
  • | Commercial Member | Joined May 2009 | 171 Posts
i'm short 5lots at 1.6440, tp 150 pip, no sl
 
 
  • Post #177,587
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  • Oct 20, 2009 2:21am Oct 20, 2009 2:21am
  •  Monkiman
  • | Joined Jul 2008 | Status: Member | 44 Posts
heading back to 1.63
 
 
  • Post #177,588
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  • Oct 20, 2009 2:25am Oct 20, 2009 2:25am
  •  bamafan2112
  • | Joined Oct 2009 | Status: Member | 7 Posts
Long at 1.6418.....short term trade. Just not too sure how short
 
 
  • Post #177,589
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  • Oct 20, 2009 2:32am Oct 20, 2009 2:32am
  •  Que
  • Joined May 2007 | Status: ??? | 1,265 Posts


Quoting vangcuibap
Disliked
i'm short 5lots at 1.6440, tp 150 pip, no sl
Ignored
Que
 
 
  • Post #177,590
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  • Edited at 2:51am Oct 20, 2009 2:40am | Edited at 2:51am
  •  fourxtrader
  • Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Quoting XTrade
Disliked
.....

I am learning how to not close day old trades with 100 + pips on them.
Also learning to take unnecessary trades. Let the winners ride. Cut the losers short.

Entry.
Ignored

That has been my trading strategy (specialty) for the past 5 years...
and the very reason I remain in my "specialty".

Dr. D.
 
 
  • Post #177,591
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  • Oct 20, 2009 2:41am Oct 20, 2009 2:41am
  •  Pyramus
  • | Joined Apr 2008 | Status: Member | 512 Posts
Adding shorts at .....
 
 
  • Post #177,592
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  • Oct 20, 2009 2:42am Oct 20, 2009 2:42am
  •  Monkiman
  • | Joined Jul 2008 | Status: Member | 44 Posts
close my shorts... for a nice quick 20 pips
 
 
  • Post #177,593
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  • Oct 20, 2009 2:42am Oct 20, 2009 2:42am
  •  mloistianto
  • | Joined May 2009 | Status: Member | 1,795 Posts
Quoting vangcuibap
Disliked
i'm short 5lots at 1.6440, tp 150 pip, no sl
Ignored
This post is too intimidating. Please anyone dont follow others trade blindly.. I'm only short 0.5 lot and he short 5 lots?? he must have some sort of magic..
 
 
  • Post #177,594
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  • Oct 20, 2009 2:42am Oct 20, 2009 2:42am
  •  Mohammad
  • | Joined Feb 2009 | Status: Member | 35 Posts
GbpUsd
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  • Post #177,595
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  • Oct 20, 2009 2:49am Oct 20, 2009 2:49am
  •  Xtravaganz
  • | Joined Sep 2009 | Status: it's not a bug, it's a feature | 170 Posts
Sources report that an Asian central bank stepped into the market selling cable around the 1.6430 level. Cable has slipped back to 1.6415 at writing.
 
 
  • Post #177,596
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  • Oct 20, 2009 2:52am Oct 20, 2009 2:52am
  •  Reznik
  • | Joined May 2009 | Status: Smart Money Guy | 546 Posts
Quoting vangcuibap
Disliked
i'm short 5lots at 1.6440, tp 150 pip, no sl
Ignored


Good day to U'all... Look like we have some aliens with us here. Remember the "Trend is your Friend" and the trend is still very much upward.


My Bias today is to Hold SHORT @ 1.6545
and BUY below 1.6290... So caution my friends.

No bases for risky entry...
 
 
  • Post #177,597
  • Quote
  • Oct 20, 2009 2:56am Oct 20, 2009 2:56am
  •  XTrade
  • Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Sh!t!

I meant learning to not always take unnecessary trades. Or just enter.

It gets hard when you play the Higher TFs and try to ignore the lowest.

The max PIP trades I have had - All posted in this thread. I had to force myself to NEVER look at M1 -- Using m5 only for entry.

However, some of them have been the best!

FX will do that to you I guess.

After reviewing my trades I had to cut back on certain entries. Namely pairs I don't trade!!!!


Were you playing with me? LOL

Anyway, Dragon closed 4820.
At least it was a winner eh?

Cable and fibre open.
Not closing. --
REASON,
Weekly and pins on daily.

Depends on USD but looking to the top on fibre

Quoting fourxtrader
Disliked
That has been my trading strategy (specialty) for the past 5 years...
and the very reason I remain in my "specialty".

Dr. D.
Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
 
 
  • Post #177,598
  • Quote
  • Oct 20, 2009 2:57am Oct 20, 2009 2:57am
  •  vangcuibap
  • | Commercial Member | Joined May 2009 | 171 Posts
Quoting Reznik
Disliked
Good day to U'all... Look like we have some aliens with us here. Remember the "Trend is your Friend" and the trend is still very much upward.


My Bias today is to Hold SHORT @ 1.6545
and BUY below 1.6290... So caution my friends.

No bases for risky entry...
Ignored
Thanks very much, my account was up 50,000 from 230,000 in five months, so I am very confident and excited about this market
 
 
  • Post #177,599
  • Quote
  • Oct 20, 2009 3:07am Oct 20, 2009 3:07am
  •  XTrade
  • Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Night all!

G/L

See you @ NY
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
 
 
  • Post #177,600
  • Quote
  • Oct 20, 2009 3:15am Oct 20, 2009 3:15am
  •  Reznik
  • | Joined May 2009 | Status: Smart Money Guy | 546 Posts
Quoting vangcuibap
Disliked
Thanks very much, my account was up 50,000 from 230,000 in five months, so I am very confident and excited about this market
Ignored


Good Trade... Try to give us your bias and signal regularly. it will be much appreciated, Bro.. Kudos!!
 
 
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