Cable Update (GBPUSD) | Page 9486 | 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)

  • #189,701
  • Dec 29, 2009 3:09am Dec 29, 2009 3:09am
Quoting TheGabriel
Watching this very close....
We had an up move on low volume and some big volume has just stepped in on the last 3 candles, looks like the up was fake just to make us come in and they're selling into it, if this last bar has low spread like the previous 2 this is sell, waiting for spread confirmation here.

Hello Gabriel,
Could you please send the Volume indicator in your chart?
  • #189,702
  • Dec 29, 2009 3:15am Dec 29, 2009 3:15am
Hi wormie,

These forum are seriously like poision for new traders....The stupid calls that have been made here ...I saw so many traders that had taken long positions and they all closed there positions missed the ride because they had dreams of the 800 zone....basically they missed out on prime pips...

Now they are planning to short and go long any where in the market..

One word of advise 10+vouches dont mean nothing...remember that....

Anyways hope all is well wormie ...
Take care
Let Price determine your future!
  • #189,703
  • Dec 29, 2009 3:16am Dec 29, 2009 3:16am
Quoting bolade
I think attention should be given to the weekly chart, as that will give a better understanding of whats going to happen in the soonest future.
I look on week chart and waiting direction down. Only WHEN? May be It occur now?
  • #189,704
  • Dec 29, 2009 3:19am Dec 29, 2009 3:19am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts

http://www.forexfactory.com/showthread.php?t=211308

  • #189,705
  • Dec 29, 2009 3:35am Dec 29, 2009 3:35am
Hello everyone,

Been an unexciting movement in GU for the past week or so, managed to get pips here and there but nothing major, currently no open position. However, seeing the daily chart, possible for GU to test 1.6105-10 level before going down. Looking to go down to 1.5900 before testing last October's low of 1.5706. Any call/advice on that anyone? Cheers.
  • #189,706
  • Dec 29, 2009 3:38am Dec 29, 2009 3:38am
Quoting Geppyg
Hi wormie,

These forum are seriously like poision for new traders....The stupid calls that have been made here ...I saw so many traders that had taken long positions and they all closed there positions missed the ride because they had dreams of the 800 zone....basically they missed out on prime pips...

Now they are planning to short and go long any where in the market..

One word of advise 10+vouches dont mean nothing...remember that....

Anyways hope all is well wormie ...
Take care
agreed. this thread especially stings pretty hard to new trader. sell this buy that. stop here stop there. this is down trend, this is up trend. and people follow it accordingly. well, i did that. yeah i was. its true. i already experiencing what i will get when i follow him or him. its pretty tough time for me. but learning from losing is the best experience. new trader have to remember. trading is not about getting money easily. this game is one of the hardest job to do. believe me. selling something is much more easier than trading.
  • #189,707
  • Dec 29, 2009 3:39am Dec 29, 2009 3:39am
Quoting GlobalMacro
Bearish momentum subsided today
Cable tested former down TL around 1.5920 and bounced

As such I'm buying here @ 1.5955 ...just below yesterday's stopout level anticipating re-entry into prior range zone.


Merry Christmas!

Good Morning,

Well....the long position I've taken @ 1.5955 last Wednesday is developing very nicely

As anticipated, it's looking increasingly like the break below 1.6090 was indeed a bear trap.

Cable trading now @ 1.6055 -- long position up 100 pips


I Will Continue To Carry The Long Position.
Attached Image
Hear the music before the song is over ...
  • #189,708
  • Dec 29, 2009 3:39am Dec 29, 2009 3:39am
Quoting Geppyg
...
One word of advise 10+vouches dont mean nothing...remember that....
...
Thank you very much for these words, seriuosly!

L
  • #189,709
  • Dec 29, 2009 3:47am Dec 29, 2009 3:47am
many new traders are coming here to get signal without believe themselves, why not try to learn it and trade by yourself better than following?
  • #189,710
  • Dec 29, 2009 3:47am Dec 29, 2009 3:47am
Congratulations to all those long scalps which have paid off.

BUT, it's a bit too early for all round back-slapping. Volumes are very low which means one thing; big boys are relaxing. Taking a longer term long view on GU now is risky IMO.

Day by day, grab some pips and get out.

Just added a second small short position and will hold..
  • #189,711
  • Dec 29, 2009 3:55am Dec 29, 2009 3:55am
I post the bullish pattern 6 hours ago on H1 and it played well.
Now we can apply the opposite pattern on W1 and it seems to play well too. Time will tell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bu.png Size: 61 KB
Click to Enlarge Name: bee.png Size: 46 KB
  • #189,712
  • Dec 29, 2009 4:04am Dec 29, 2009 4:04am
Curren Candle
Attached Image (click to enlarge)
Click to Enlarge Name: ab.gif Size: 32 KB
  • #189,713
  • Dec 29, 2009 4:25am Dec 29, 2009 4:25am
hats off to one of the best in this room malcom
Attached Image (click to enlarge)
Click to Enlarge Name: 15 m.gif Size: 15 KB
  • #189,714
  • Dec 29, 2009 4:27am Dec 29, 2009 4:27am
Quoting kill56
hats off to one of the best in this room malcom
I can't understand you, what do you mean?
  • #189,715
  • Dec 29, 2009 4:32am Dec 29, 2009 4:32am
Very Known pattern
Attached Image (click to enlarge)
Click to Enlarge Name: ab2.gif Size: 21 KB
  • #189,716
  • Dec 29, 2009 4:33am Dec 29, 2009 4:33am
Quoting Baby-Trader
Very Known pattern
what is that pattern called?
Just focus on the pips. The rest is insignificant.
  • #189,717
  • Dec 29, 2009 4:34am Dec 29, 2009 4:34am
Quoting ayaz
what is that pattern called?
Lenin M
  • #189,718
  • Dec 29, 2009 4:35am Dec 29, 2009 4:35am
Quoting TheGabriel
Watching this very close....
We had an up move on low volume and some big volume has just stepped in on the last 3 candles, looks like the up was fake just to make us come in and they're selling into it, if this last bar has low spread like the previous 2 this is sell, waiting for spread confirmation here.
AND SHORT we're going post
"Hate the sin, love the sinner." - Gandhi
  • #189,719
  • Dec 29, 2009 4:35am Dec 29, 2009 4:35am
Quoting malcolmb14
It is not that simple .... but I understand the question

markets can drop under low volume . It could just mean that the pros are not willing to support the price or if they are buyers .. feel that price will drop further where they can buy at discount

Market up move cannot be sustained on low vol...
baby all off u are great and i do recpecit
  • #189,720
  • Dec 29, 2009 4:39am Dec 29, 2009 4:39am
Quote
hats off to one of the best in this room malcom

wont be surprise to read 'thump down for the worst in this room malcom''
i think that we learn best from experience
917 traders viewing now