Cable Update (GBPUSD) | Page 8881 | 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)

  • #177,601
  • Oct 20, 2009 2:23am Oct 20, 2009 2:23am
For those interested in banking pips around the European Opens, this was posted elsewhere ....

Originally Posted by Islander http://cdn.forexfactory.com/images/buttons/viewpost.gif
GM all.

The hourly trend - as defined by the 20 ema - is still up, although the move has now stalled 20 / 30 pips above last weeks high.

Just before FO price pulled back to the flat 5 min 30 ema before turning north again and giving a buy signal which managed to go 10 pips above the Asian Session high of 6434.....so an easy 30+ pips available.

The Lower High 16 mins later was a nice sell ~the 6434 level and I put my TP at the 30 ema......now I'm waiting for the Brits......
Right at LO price had got back up to the confluence of todays open, yesterdays high and the MR1 levels and as soon as the Brits started selling, I joined them, exiting in the spike down to the 6375 level.....http://cdn.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #177,602
  • Oct 20, 2009 2:24am Oct 20, 2009 2:24am
Quoting Xtravaganz
i'm short,dont know why all long.

i thought always sell high buy low ?¿?
I wish a great day.


So SHORT the Cable now... Wait later to increase LOT size. Goodlck.
  • #177,603
  • Oct 20, 2009 2:25am Oct 20, 2009 2:25am
Good day to you,

Closed 2 shorts just now - have to go up the coast today. Work....

Wish you all success for the rest of the day.

Regards
Attached Image
  • #177,604
  • Oct 20, 2009 2:26am Oct 20, 2009 2:26am
Quoting Reznik
So SHORT the Cable now... Wait later to increase LOT size. Goodlck.
i hold my short no worries.
  • #177,605
  • Oct 20, 2009 2:27am Oct 20, 2009 2:27am
Quoting vangcuibap
i'm short 5lots at 1.6440, tp 150 pip, no sl
loool....nobody is always right....so with trading strategy like those you are likely to take massive loses even if you are right 80% of the time.

That being said, i dont think you are wrong this time ...lool....am short at 1.64 with take profit around 1.6130ish but stop loss at 1.6520
  • #177,606
  • Oct 20, 2009 2:27am Oct 20, 2009 2:27am
good mae evryone

just some of mine....

shorted pound to yen n doll
reason usdx that has strong res 75.2 so i think it will bounce some pips for me )
n my sclper_signals (THANX for that to members here ) is saying go short on gy h4 n gu h1

have a profit trades !
  • #177,607
  • Oct 20, 2009 2:28am Oct 20, 2009 2:28am
Quoting Reznik
Remember the "Trend is your Friend" and the trend is still very much upward.
Different timeframes have different trends.
  • #177,608
  • Oct 20, 2009 2:29am Oct 20, 2009 2:29am
Long at 1.6370 and target is 1.6470
  • #177,609
  • Oct 20, 2009 2:38am Oct 20, 2009 2:38am
Hi guys,

To-day I don't trust cable to feed me with my necessary daily pips....ranging day

but I feel much more confident for GJ, many reasons to it:
1) upper magenta trend lines hold quite well for last 3 days
2) tenkan (yellow) above kijun (aqua) but stays flat
3) PA stays below cloud and chinku (magenta) is below price
4) momentum and CCI turned down

So I feel very confident with my bearish trade...and ready to reinforce soon....
BTY we have same set-up on EJ

GL to all
Attached Image (click to enlarge)
Click to Enlarge Name: saisie1.gif Size: 26 KB
Non licet omnibus adire Corinthum
  • #177,610
  • Oct 20, 2009 2:42am Oct 20, 2009 2:42am
Quoting Islander
For those interested in banking pips around the European Opens, this was posted elsewhere ....

Originally Posted by Islander http://cdn.forexfactory.com/images/buttons/viewpost.gif
GM all.

The hourly trend - as defined by the 20 ema - is still up, although the move has now stalled 20 / 30 pips above last weeks high.

[i][size=2]Just before FO price pulled back to the flat...
maybe a chart would help to follow your interesting reasoning.....

Thanks and GL with your trade
Non licet omnibus adire Corinthum
  • #177,611
  • Oct 20, 2009 2:45am Oct 20, 2009 2:45am
Quoting LetsTrade
Long at 1.6370 and target is 1.6470

Certainly a potential support cluster there, = previous 1hr swin g hi/lo = prev res/supp=potential supp zone, 4hr prev sw hi zone=potential rbs, Daily Pivot, Ascending potential support t/line-1hr and 38.2% 6240-6447...trend however is down to the 5min t/f and price has broken below last HL of the 1hr t/f..macd signal lines are pointing south to the 1hr t/f, 4hr is flat presently..Question is, how much support is there?

Mni saying next level of likely bids under here is 6360/50 with stops under 6340.

G/L

http://i35.tinypic.com/2l9nxjm.gif
ex member
  • #177,612
  • Oct 20, 2009 2:57am Oct 20, 2009 2:57am
Quoting bbmac
Certainly a potential support cluster there, = previous 1hr swin g hi/lo = prev res/supp=potential supp zone, 4hr prev sw hi zone=potential rbs, Daily Pivot, Ascending potential support t/line-1hr and 38.2% 6240-6447...trend however is down to the 5min t/f and price has broken below last HL of the 1hr t/f..macd signal lines are pointing south to the 1hr t/f, 4hr is flat presently..Question is, how much support is there?

G/L
The hour engulfing candle doesn't make long look right. I was just following the same pattern that we had yesterday.
  • #177,613
  • Oct 20, 2009 3:08am Oct 20, 2009 3:08am
Quoting rdhanani
Hey Vlady,

Doing this quick exercise will help you manage your account size, and save you from blowing your account. It might not seem as glamorous now, as you will only be making $10 on a trade, but as you said you are a newbie, so right now is the "time to learn" so that soon, it will be "time to earn!"
Hey Guys,
I wanna thank you for the great advice. It's certainly the real deal, and very similar to what I do when I prpare for a trade. Unfortunately, I'm on a spreadbet account with IG Index, and they force a increasing pip amount every week until you're on £1 a pip. I started off on £0.1 which was great and I was learning well.. then it went to 0.2 then just this week it went to 0.5 and this is already exceeding my requirements. I should be going for 50 pip stop losses.... but my "system" says 30.... so, I'm either learning to adjust my SL or adjust my system so I only take trades where the R:R is nominally at 30... if that makes sense. Well, either way, I'm learning that the same "system" or approach can be handled differently when trying to control your emotions.

BTW, I do have a demo account with IBFX which I practice the proper method on... but it aint real money when it comes down to it. I am working on getting that baby funded....

Anyway... thanks guys for your very good advice. Take heed newbies!
A pip is only worth it if you know how much you risked to earn it
  • #177,614
  • Oct 20, 2009 3:08am Oct 20, 2009 3:08am
Quoting javajames
maybe a chart would help to follow your interesting reasoning.....

Thanks and GL with your trade
Thanks, a contra main trend trade, so pips banked quickly.........and my latest post in another thread......pass by and take a look, informed visitors are always welcome.....

Trades off this chart.....pips available +40, +25 and +35 total 100 pips http://cdn.forexfactory.com/images/icons/icon6.gif...I hope you guys collected some too.......http://cdn.forexfactory.com/images/icons/icon12.gif

I'm finished for this morning, back for NY open.....
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1256025604

__________________
Trading Levels with WRBs
  • #177,615
  • Oct 20, 2009 3:16am Oct 20, 2009 3:16am
Quoting vlady1974
Hey Guys,
I wanna thank you for the great advice. It's certainly the real deal, and very similar to what I do when I prpare for a trade....
Hi there,

Thats strange, what type of account do you have with IG Index?

I have been with them since July and can still place trades at 10p a point??
Just tested it, my usuall lot size is £2, but it says on the ticket min 0.10?

Best of Luck!
  • #177,616
  • Oct 20, 2009 3:17am Oct 20, 2009 3:17am
Price is right on the 100day sma atm...which like the 1hr is above the 200sma, unlike 4hr where it remains below.
ex member
  • #177,617
  • Oct 20, 2009 3:24am Oct 20, 2009 3:24am
Quoting Bull_Bear
Buy dragon 147.85... SL 146.90... TP..149.90
Break even trade
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,618
  • Oct 20, 2009 3:24am Oct 20, 2009 3:24am
Quoting antic81
Hi there,

Thats strange, what type of account do you have with IG Index?

I have been with them since July and can still place trades at 10p a point??
Just tested it, my usuall lot size is £2, but it says on the ticket min 0.10?

Best of Luck!
BTW there are two types of currencies to trade from. If you choose 'major gbp/usd' then it will start from minimum $10 but if you choose 'minor gbp/usd' then it starts from $0.10.
You've got to be IN IT to WIN IT!
  • #177,619
  • Oct 20, 2009 3:31am Oct 20, 2009 3:31am
sell Cable 1.6384... SL.. 1.6475... TP.. open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,620
  • Oct 20, 2009 3:33am Oct 20, 2009 3:33am
Quoting Ifty
BTW there are two types of currencies to trade from. If you choose 'major gbp/usd' then it will start from minimum $10 but if you choose 'minor gbp/usd' then it starts from $0.10.

Hi there,

Unlike brokers its not actually $'s it is in fact £'s and pence as lot sizes (at least mine is, you can possibly set it up differently, as its a spreadbetting platform and not a broker as such, which also means all winnings are tax free!
846 traders viewing now