Cable Update (GBPUSD) | Page 9542 | 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)

  • #190,821
  • Jan 5, 2010 11:00am Jan 5, 2010 11:00am
Quoting slick 60
Why do you think it will not go down further today? What reason?
It has been move >150pips today..

ATR(14) = 155pips..
Patience + Discipline =
  • #190,822
  • Jan 5, 2010 11:06am Jan 5, 2010 11:06am
heck - broke my rules end december (port) and got stuck with a cable short that was looking sick

Decided to just leave it and not worry

Its come back super dooper so set the sl at b/e and I am a happy bunny

Not going to make a habit of that


http://community.klipsch.com/forums/...-%20319145.jpg
  • #190,823
  • Jan 5, 2010 11:06am Jan 5, 2010 11:06am
Quoting Jemmy
It has been move >150pips today..

ATR(14) = 155pips..
Jemmy the last 4 trading days have been 183 to 264 pips each. Today 164.
11:35 and 11:55 am 5 min candles had buying in them, otherwise why wud the following candles have gone up!
There is a fib retrace confluence at 6017 [.382 and 50%] that I am now watching
  • #190,824
  • Jan 5, 2010 11:08am Jan 5, 2010 11:08am
Hi jemmy , almost better off always giving cable at least 180 pip atr
  • #190,825
  • Jan 5, 2010 11:14am Jan 5, 2010 11:14am
Quoting ayaz
OK, so you know WHEN something is gonna happen, but how do you identify what direction? Ive been watching your posts for a while, im just not totally sure how you know which way its going to break out?

Thanks...

I wonder the same thing too.
Maybe you could demonstrate how those compression works before the move happens instead of after dr. d
I'm pretty sure that will be more useful to those who wants to learn.

Thanks
Thank You
  • #190,826
  • Jan 5, 2010 11:17am Jan 5, 2010 11:17am
Quoting allserene
heck - broke my rules end december (port) and got stuck with a cable short that was looking sick

Decided to just leave it and not worry

Its come back super dooper so set the sl at b/e and I am a happy bunny

Not going to make a habit of that


http://community.klipsch.com/forums/...-%20319145.jpg
Look like you were in the same situation with me. Before break, i went short, 2 orders. Yesterday's move was quite terrible to me while my balance once had a negative of more than 100 pips. I was waiting and today satisfied me ^^
  • #190,827
  • Jan 5, 2010 11:29am Jan 5, 2010 11:29am
Quoting FXTheOne
Look like you were in the same situation with me. Before break, i went short, 2 orders. Yesterday's move was quite terrible to me while my balance once had a negative of more than 100 pips. I was waiting and today satisfied me ^^
Good for us !

Note to self - don't be sloppy with s/l's in future - lucky this time

Now waiting for break of 1.60 convincingly - tempted to short now but round numbers often mean support/resistance for a while at least ...

So bagel/coffee/ tickle the cat /do some stocks stuff/do some tax stuff - and wait....
  • #190,828
  • Jan 5, 2010 11:35am Jan 5, 2010 11:35am
Markets are not easy to read anymore like they used to be few years ago (just watch backtests or try few strategies that used to be succesfull)...trading by the book with the typical strategies we use/used is most of the time unprofitable.

I think there are more happy countertraders than "trend friend" traders....sometime I think forex it's just a big gamble with brokers being the casino that get's rich and scams us but there are still some ways (generally money management tricks) to make it.

Good luck people.
"Hate the sin, love the sinner." - Gandhi
  • #190,829
  • Jan 5, 2010 11:43am Jan 5, 2010 11:43am
i think good idea to try SHORT by pending order @ 6035 , once get 20pips turn SL to BE and ride the market.
Never sell @ lower upward channel unless breacked and vise versa .
  • #190,830
  • Jan 5, 2010 11:49am Jan 5, 2010 11:49am
i can see probility of U-Turn from 5978

so its good idea to take Long at that area with small lot and small SL.
Never sell @ lower upward channel unless breacked and vise versa .
  • #190,831
  • Jan 5, 2010 11:59am Jan 5, 2010 11:59am
I am looking at a rebound (uptrend) if it don't break 1.5980.

This is the first time I am uploading a chart, hope I get it correct.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-h4a.gif Size: 33 KB
  • #190,832
  • Jan 5, 2010 12:04pm Jan 5, 2010 12:04pm
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
test
  • #190,833
  • Jan 5, 2010 12:19pm Jan 5, 2010 12:19pm
We have had a 1.272 expansion retrace of the 3 wave move up from the initial low this morning [from 5988 to 6069] and have now moved 187 pips for the day. More closer to the ADR for the last few days.
Now I look for a possible retrace move to take out the 1.6069 high to perhaps the 6084 range which is a 1.144 retrace of this last move down. See if it goes up in 5 waves and if so shud be a good short at that level.
  • #190,834
  • Jan 5, 2010 12:29pm Jan 5, 2010 12:29pm
Quoting egkid
My view:
Daily Down
G/U Will go up for while(Retrace), As long as it's under 1.66 my plan goes fine and
Daily will go down and expecting 1.5330 in next weeks

Now I'm sideline because it's will retrace up and wait to see if i will get signal to Sell in range (1.63 to 1.65)

Weekly consolidation:
There is 2 point should watch and they will tell where we will go in long run (1.6830 and 1.5330)
Meaning : Sell nearest point from 1.68xx - buy nearest point 1.53xx) With low SL Till daily close behind one of them
So, It's all about "Pick...
So far things goes fine and have sell 1.62 target 1.5330
my chart
http://www.forexfactory.com/showthre...31#post3319131
  • #190,835
  • Jan 5, 2010 12:34pm Jan 5, 2010 12:34pm
Quoting nAVIN2007
that is impossible unless we close below 1.60..try not to make those kind of forecast..looking at price..i doubt it..unless usd rally north
I win this time... well not really till see 1.5330 but so far
  • #190,836
  • Jan 5, 2010 12:35pm Jan 5, 2010 12:35pm
Quoting ayman.fx

gbp/usd buy 1.42.03 tp1.5064 tp2-1.6035 tp3-1.7602




Inserted Video
Thank You
  • #190,837
  • Jan 5, 2010 1:07pm Jan 5, 2010 1:07pm
[quote=ayman.fx;3341486]
gbp/usd buy 1.42.03 tp1.5064 tp2-1.6035 tp3-1.7602

thanks of lot ayman for your opinion, can you explain how u get that number
  • #190,838
  • Jan 5, 2010 1:08pm Jan 5, 2010 1:08pm
i think it mean's he enjoy's a little weed
  • #190,839
  • Jan 5, 2010 1:17pm Jan 5, 2010 1:17pm
Quoting wormboy
I wonder the same thing too.
Maybe you could demonstrate how those compression works before the move happens instead of after dr. d
I'm pretty sure that will be more useful to those who wants to learn.

Thanks


It’s true. I don’t give direction. I can’t. I won’t until I gain greater consistency and find correlation in their use in multiple TF’s.

What I've offered could be useful to those who want to learn with me...

At the present time, I'm here to offer a timing signal on the WHEN. That’s it. Isn't that a vital component in this game? It could save a lot of time hanging here wishing and wondering. I’ll leave the predicting of WHERE to the more experienced traders and brave hearts. Even then it still predicting and guessing at best. Close the forum if accuracy is required.

In my view, these charts can even give some indication of the HOW MUCH... for when the movement occurs it’s ALWAYS large relative to the TF if it is preceded by tight compression patterns.

I've offered these compression chart patterns NOT to draw attention to my trading skills... I'm not that great of a trader like so many of you here... (I’m careless, greedy, lazy and lack patience and discipline) but I'm getting better and I owe it in part to these charts.

However, I am here to draw attention to this phenomenon. Look at how the PA explodes off of each of these tight compressions. Isn’t that worth something? Slow formations (giving time to analyze direction) and then with some warning sudden almost vertical movement on the charts as the EMA’s release and separate.

No one can ever really explain the WHY. But who cares.

So the WHERE remains the mystery.

I’ve ALWAYS admitted that these compression charts lack direction and have only suggested consider them as a useful timing tool for they are very predictive of imminent explosive PA with or without news as a catalyst. They contain their own energy.

If the WHEN alone is not useful to you… then ignore my posts. You might want to ignore 90% of the other posts here that do nothing more than spew out an entry point or an exit point or a profit or a possible wishful direction without an explanation.

Teach me the WHERE and I will follow when the WHEN occurs.

Dr. D.
  • #190,840
  • Jan 5, 2010 1:17pm Jan 5, 2010 1:17pm
Quoting ayaz
OK, so you know WHEN something is gonna happen, but how do you identify what direction? Ive been watching your posts for a while, im just not totally sure how you know which way its going to break out?

Thanks...

Isn't the WHEN enough? That's my contribution.

Could save you hours of sitting, watching paint dry in this asylum.

Dr. D.
995 traders viewing now, 2 are registered:
CPUmice
,
omrvtima