Cable Update (GBPUSD) | Page 9411 | 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)

  • #188,201
  • Dec 17, 2009 8:50pm Dec 17, 2009 8:50pm
Quoting samdani786
Its all about USD movement
How do you get the usd index on mt4 ? samdani
  • #188,202
  • Dec 17, 2009 8:53pm Dec 17, 2009 8:53pm
Quoting samdani786
Its all about USD movement
hey samdani, do u have any additional data feed to ur mt4 or thats ur broker providing the usdx data?
how can i get that?
  • #188,203
  • Dec 17, 2009 8:56pm Dec 17, 2009 8:56pm
Quoting Lejumeau
How do you get the usd index on mt4 ? samdani

broco or fxpro

btw short 6210 here
see ya at 1.6000
Blogging daily now at www.volume.zone
  • #188,204
  • Dec 17, 2009 8:58pm Dec 17, 2009 8:58pm
Quoting malcolmb14
yes all of a sudden the most bearish pair out ther eu moves up 100 pips in asia under low volume. I am just rubbing my hands with glee ... santa is coming early in London session

you ever want to pay full price for a car ...they move this up under low volume into a discount position and then the crap out of it,,,


this asian move shows the pros intent in the next 2 session
So, what you are saying, its going to reverse and head back down with a full force on the london session? So this up move is just a "play" ?
  • #188,205
  • Dec 17, 2009 8:59pm Dec 17, 2009 8:59pm
Quoting malcolmb14
broco or fxpro

btw short 6210 here
see ya at 1.6000
I think you should use a high SL for that trade Malc , I mean, bigger than your 50 pips
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #188,206
  • Dec 17, 2009 8:59pm Dec 17, 2009 8:59pm
Quoting malcolmb14
broco or fxpro

btw short 6210 here
see ya at 1.6000
thnx big brother
  • #188,207
  • Dec 17, 2009 8:59pm Dec 17, 2009 8:59pm
thanks ...
{Promotion Removed}
  • #188,208
  • Dec 17, 2009 9:01pm Dec 17, 2009 9:01pm
So we had support at 1.62 for 1-week, and clearly broke it going below it 100 pips. Now that 1.62 is resistance, it's going to just break through it on first try, (I guess anything can happen), but maybe it test it 1 time, and drop to 15900 seems the path of the least resistance.
  • #188,209
  • Dec 17, 2009 9:04pm Dec 17, 2009 9:04pm
Quoting Lejumeau
I learn that there is a fastest way of making money when price is going against you is getting out and get back in at higher level this way on the way back where you where previously all the pip is your to keep..
Yeah, i know it will retrace. But who knows when retracement finishs? Maybe some weeks, some days, or even some hours, some minutes. I also learnt some lessons about consistency. That when you strongly believe you're in the right trend, just stay still...Stick with rules is my choice
  • #188,210
  • Dec 17, 2009 9:07pm Dec 17, 2009 9:07pm
ok this is test ltlt of the triangle we saw form last few days

we have already seen sellers entering the market at 6200

bear div rsx .. flag formation

20 % break out to upside
80% break down to 5900

Attached Image (click to enlarge)
Click to Enlarge Name: chart1416.png Size: 268 KB
Blogging daily now at www.volume.zone
  • #188,211
  • Dec 17, 2009 9:09pm Dec 17, 2009 9:09pm
Quoting FXTheOne
Yeah, i know it will retrace. But who knows when retracement finishs? Maybe some weeks, some days, or even some hours, some minutes. I also learnt some lessons about consistency. That when you strongly believe you're in the right trend, just stay still...Stick with rules is my choice

Bravo Fx keep doing according to your plan this is the only way
  • #188,212
  • Dec 17, 2009 9:33pm Dec 17, 2009 9:33pm
hope big bears h1 candle closed in next half hour..
Patience + Discipline =
  • #188,213
  • Dec 17, 2009 10:15pm Dec 17, 2009 10:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 52 KB
  • #188,214
  • Dec 17, 2009 10:28pm Dec 17, 2009 10:28pm
Lejumeau

Hello,
Could you please send the indicator in your chart that shows S & R.

Thanks
  • #188,215
  • Dec 17, 2009 10:29pm Dec 17, 2009 10:29pm
95% of traders are wrong .... tonight i will be one of them ....lol
Blogging daily now at www.volume.zone
  • #188,216
  • Dec 17, 2009 10:36pm Dec 17, 2009 10:36pm
Quoting malcolmb14
95% of traders are wrong .... tonight i will be one of them ....lol
LOL you have a 5% chance to be wrong about being wrong.......Does that make you right if your wrong?????

What a conundrum
  • #188,217
  • Dec 17, 2009 10:36pm Dec 17, 2009 10:36pm
Quoting malcolmb14
95% of traders are wrong .... tonight i will be one of them ....lol
why you choose to be among 95%, we must to be among 5%..be confident..
Patience + Discipline =
  • #188,218
  • Dec 17, 2009 10:42pm Dec 17, 2009 10:42pm
Quoting malcolmb14
95% of traders are wrong .... tonight i will be one of them ....lol
Whipsaw bandits coming to town again on Yen pairs
  • #188,219
  • Dec 17, 2009 11:04pm Dec 17, 2009 11:04pm
:nerd:I have come to the conclusion that to be TRULY successful in this -
To me this means Trading your desired style as a profession or rather your
Business. Not a job, a Consuming career. Being totally financially Independent-

Business of FOREX, as a retail or even a bank trader,

One has to be always, (this is not an option) aware of News, Fundamentals, TA Cable.

So, a lot is told on the charts, but fundamentals seem to help create support and resistance, News breaks them and or increases trend validity and reversal. Even if you don't see a HUGE pop on a big release, the underlying sentiment is there.

The below are some things I have been watching carefully lately.

8:30amUSD
Unemployment Claims

480K Actual More people are unemployed still every day. Someone I know that owns a small construction biz, just closed up shop a week before XMas 10 guys out of work now.
466Kforecast
473K Previous

7:01pmGBP
BOE Financial Stability Report

More Hawkish than expected

This along with traders watching the charts support established and semi simple economics, have for me explained tonight's move up.

We may go down further, yet only watching a chart might have left you with a less than desirable entry.

Please comment or criticize anything I say in this post. Just what I have come to deem of importance.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #188,220
  • Dec 17, 2009 11:18pm Dec 17, 2009 11:18pm
Quoting johto
So, what you are saying, its going to reverse and head back down with a full force on the london session? So this up move is just a "play" ?
Put your fibs on the candles. You will see that everyday usually it retraces up to the 61.8, 50, 38.2 or 0 fib lines. Right now as we speak, it is on the 50 fib line a very excellent spot to continue moving downwards. When it does it may move with pretty good force as well, which may very well be in the London session.
373 traders viewing now