Cable Update (GBPUSD) | Page 8917 | 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)

  • #178,321
  • Oct 22, 2009 8:36am Oct 22, 2009 8:36am
Quoting seliverstov8
sitiing n waiting to see how tucker will drop G(keep shorts gu gj)
remember king's "we need weak pound"
so theese guys will do it i think
i want strong USD too, coz i`ve short cable..
but.. who wanna Buy USD? anyone?
  • #178,322
  • Oct 22, 2009 8:38am Oct 22, 2009 8:38am
Looks as good as any area to try a short....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,323
  • Oct 22, 2009 8:40am Oct 22, 2009 8:40am
Quoting hafudo
who wanna Buy USD? anyone?
you'r right, there are no byers, & on that bad data for it...
  • #178,324
  • Oct 22, 2009 8:42am Oct 22, 2009 8:42am
Quoting hafudo
i want strong USD too, coz i`ve short cable..
but.. who wanna Buy USD? anyone?
The investors really care about a currency being so cheap to invest in. When the right time comes they will buy USD for sure.
Discipline + Patience - Fear - Greed = Success
  • #178,325
  • Oct 22, 2009 9:05am Oct 22, 2009 9:05am
Quoting Aad
[b][color=DimGray]Hi guys,
Chart order:
1) ibfx live account gbpusd h4 10-22-2009
2) ibfx demo account gbpusd h4 10-22-2009
3) fxcm demo account gbpusd h4 10-22-2009
Usually different DD Broker has their own Close Price. Dunno with ECN broker.
  • #178,326
  • Oct 22, 2009 9:30am Oct 22, 2009 9:30am
Tucker can't quite contradict what King said yesterday and his speech this afternoon isn't mainly about the economy, rather about the banking regulations they're going to implement (not!); so cable will probably go North first before coming down tomorrow or next week at some point.

King says the recession is over (not!), Darling gave an upbeat speech on tele yesterday about all the Government has done to get the UK out of recession (not!), and it sounded as if a weak pound was the last thing at the back of their minds imho so not sure what Tucker 'can say' to bring a massive reversal in cable's newly found strength.

If we don't breach 1.66 today, we'll do it tomorrow methinks although I could be wrong of course as a minnow in this business!


Quoting seliverstov8
sitiing n waiting to see how tucker will drop G(keep shorts gu gj)
remember king's "we need weak pound"
so theese guys will do it i think
  • #178,327
  • Oct 22, 2009 10:06am Oct 22, 2009 10:06am
Quoting hafudo
Usually different DD Broker has their own Close Price. Dunno with ECN broker.
30 pips seems like a big difference, IBfx supposedly is non dealing desk and it's obviously not an or ECN...

---
Interbank FX unique multi-bank order routing system, which provides access to liquidity and automatically executes trades with five of the world's largest financial institutions, including Bank of America, Citigroup and Goldman Sachs.

"By obtaining competitive bids for order flow on our proprietary multi-bank feed, IBFX customers achieve optimal pricing and execution, faster processing times and increased liquidity on every trade, with just one click of the mouse," said company president and CEO Todd Crosland.

The advantages of trading with agency-based IBFX include:

 

  1. Competitive spreads - spreads are not fixed and may widen in volatile market conditions
  2. 100% automatic execution
  3. No market manipulation
  4. Competitive pricing derived from leading money center banks
  5. Anonymous order execution
  6. Smart routing to leading banks

  • #178,328
  • Oct 22, 2009 10:57am Oct 22, 2009 10:57am
I believe we can make some pips as this PA bounces around in this Triangle for awhile.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 45 KB
  • #178,329
  • Oct 22, 2009 11:02am Oct 22, 2009 11:02am
Pin Bar anyone?!

Still disappointed this didn't retrace
back down fully to this UTL ~1.6400.

Dr. D.
Attached Image
  • #178,330
  • Oct 22, 2009 11:07am Oct 22, 2009 11:07am
Another 5m compression forming might provide
the energy to drive it out of this range.

Dr. D.
Attached Image
  • #178,331
  • Oct 22, 2009 11:19am Oct 22, 2009 11:19am
Now watch it comes down and bounce up and off
of these sloppily drawn tls and the gathered ema's.

Dr. D.
Attached Image
  • #178,332
  • Oct 22, 2009 11:25am Oct 22, 2009 11:25am
Quoting XTrade
WOW!!!! Nicely done!

I am still half in long on cable. Going to wait and see if we can breach 6600
again. Time will tell.


Thanks buddy...
Hear the music before the song is over ...
  • #178,333
  • Oct 22, 2009 11:33am Oct 22, 2009 11:33am
Quoting GlobalMacro
Good Morning,

I'm Exiting My Entire Long Position @ 1.6580

+868 pips from 1.5712
+759 pips from 1.5821
+240 pips from 1.6340

Total Booked Profit: +1867 pips

My Position Is Now F L A T !
Well done,Very good entry and exit point
Hope you can share some more of your analysis
  • #178,334
  • Oct 22, 2009 11:36am Oct 22, 2009 11:36am
Sell time!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,335
  • Oct 22, 2009 11:37am Oct 22, 2009 11:37am
Quoting fourxtrader
Another 5m compression forming might provide
the energy to drive it out of this range.

Dr. D.
Tight compression of ema's only build up pressures and
energy that will magnify the imminent and inevitable
movements that will naturally occur when it releases.
It offers a useful timing signal to search for direction
through other forms of analysis. If you want action
and volatility relative to a time frame, trade off of
compressions and extended and expanded separations
of multiple ema's. Just my observation.

Dr. D.
  • #178,336
  • Oct 22, 2009 11:47am Oct 22, 2009 11:47am
Quoting Aad
Hi guys,

I was double checking my IBfx H4 chart with other broker's (Alpari, ODL, FxPro, Broco, SigTrader, and FXcm) and noticed that the IBfx 4 & 5 Digit charts had a different H4 bar closing (see highlighted candle) than the other brokers. I guess they're going for, let's be different (by around 30 pips). Just by the look of that bar I got out of my short order with profit and ran (a blessing in disguise perhaps). LOL!...

Note:
I'm using various servers from different brokers and displaying them within...
I don't think there is any mystery there, IBFX is GMT and I think at least FXPro is GMT +3, the 4 hour will close at different times so would be completely different. Compare 1 hour charts to know if they are at all different and by how much.
  • #178,337
  • Oct 22, 2009 11:56am Oct 22, 2009 11:56am
Quoting fourxtrader
Now watch it comes down and bounce up and off
of these sloppily drawn tls and the gathered ema's.

Dr. D.

off of the 5m compression and tl's. The movement
usually is equal to the timeframe. It might further
tighten the ema's on this chart and then sling-shot
back down and through.

Dr. D.
Attached Image
  • #178,338
  • Oct 22, 2009 12:01pm Oct 22, 2009 12:01pm
Quoting fourxtrader
Pin Bar anyone?!

Still disappointed this didn't retrace
back down fully to this UTL ~1.6400.

Dr. D.
A pin bar that seems to appear only on IBfx, other brokers not so much...LOL!

Quoting luckylady
I don't think there is any mystery there, IBFX is GMT and I think at least FXPro is GMT +3, the 4 hour will close at different times so would be completely different. Compare 1 hour charts to know if they are at all different and by how much.
Yeah, that was the first thing that came to mind but then I checked various other brokers as stated in my post (Alpari, ODL, FxPro, Broco, SigTrader, and FXcm) and they all looked the same except for IBfx. So far this seems to only be an issue on IBfx H4 charts.

I'm pretty sure that ODL is GMT 0 just like IBfx (unless they recently changed), so it seems to not necessarily be a timing issue, but perhaps it is...LOL!
  • #178,339
  • Oct 22, 2009 12:07pm Oct 22, 2009 12:07pm
Quoting egkid
Well done,Very good entry and exit point
Hope you can share some more of your analysis
Thanks...
Hear the music before the song is over ...
  • #178,340
  • Oct 22, 2009 12:12pm Oct 22, 2009 12:12pm
Quoting fourxtrader
Tight compression of ema's only build up pressures and
energy that will magnify the imminent and inevitable
movements that will naturally occur when it releases.
It offers a useful timing signal to search for direction
through other forms of analysis. If you want action
and volatility relative to a time frame, trade off of
compressions and extended and expanded separations
of multiple ema's. Just my observation.

Dr. D.
You mean this? JK!...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: odl gbpusd m1 10-22-2009a.gif Size: 80 KB
Click to Enlarge Name: odl gbpusd m1 10-22-2009b.gif Size: 61 KB
332 traders viewing now