Cable Update (GBPUSD) | Page 9695 | 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)

  • #193,881
  • Jan 18, 2010 7:30am Jan 18, 2010 7:30am
And she breaks...

Pretty boring day, I've got the whole range from 290 to 400 marked off as a no trade zone. Still think we could be on for that daily pin bar.

http://www.forexfactory.com/showpost...stcount=193668

Do any of you guys use correlations in your trading?
Want what the market wants
  • #193,882
  • Jan 18, 2010 7:31am Jan 18, 2010 7:31am
out early but its ok i am happy
  • #193,883
  • Edited 7:50am Jan 18, 2010 7:31am | Edited 7:50am
Quoting manize
US Bank Holiday ? ---> SHORT !

Simple reason :

1. The majority global currencies is using USD
2. Bank Holiday ---> USD is less in the market
3. Will make stronger USD then !

But I maybe wrong !
The 1st step should break 1.6309/12, then DP Today 1.6277 and we are ready to fasten seat belt then !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,884
  • Jan 18, 2010 7:33am Jan 18, 2010 7:33am
I should clarify, I'm trying to figure out a way to easily attain the relative strength between related pairs. So for instance if you were interested in seeing which is the strongest pair on the day between:

GBP/CAD,
GBP/JPY,
GBP/NZD,
GBP/USD,

Any thoughts on going about it?

At the moment I'm just using visual but trying to put together something a bit more concrete.
Want what the market wants
  • #193,885
  • Jan 18, 2010 7:36am Jan 18, 2010 7:36am
TicketOpen TimeTypeSizeItem PriceS / LT / PClose Time PriceCommissionTaxesSwapProfit 971232010.01.18 01:08buy0.10gbpusd1.62690.00001.62832010.01.18 04:081.6283-3.000.000.0014.00 971442010.01.18 03:19buy0.10gbpusd1.62560.00001.62802010.01.18 03:381.6265-3.000.000.009.00 972682010.01.18 14:10sell0.10gbpusd1.63430.00000.00002010.01.18 15:261.6321-3.000.000.0022.00 -9.00 0.00 0.00 45.00
  • #193,886
  • Jan 18, 2010 7:37am Jan 18, 2010 7:37am
I like the bullish at EG where I went long there, will make faster my short at GU reachs the target !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,887
  • Jan 18, 2010 7:38am Jan 18, 2010 7:38am
same chart already posted
Quoting Wharfe
Well here's my view

I expect a drop in cable fairly soon, possibly as low as 1.60, but then we resume the uptrend as I think we are now in one. The trouble is trying to pick a top will be tricky and it could explode up before comming back down. There are enough lines though to make me try for a short, stops in the region of 1.64

But with no action across the pond today it may do something wierd.


http://i48.tinypic.com/vpgrnp.jpg
  • #193,888
  • Jan 18, 2010 7:42am Jan 18, 2010 7:42am
Quoting Yngwie
I will give my simple view of GU. Trading range 1.6233 ~ 1.6356. Currently candle 4H & 1H TF open above 1.6356 meaning that 70% we will see price will going up to 1.6356. I will say that only news impact can make price will going down below 1.6356. If candle for 4H TF open below 1.6356 we will see 1.5833.

GL
This is my post 31hrs ago at price 1.6257

Now price already achieve 1.6356 for 99 pips. Now we can see price going down because its fail to open above 1.6356. EASY!

Why people make it so hard?? lol
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #193,889
  • Jan 18, 2010 7:43am Jan 18, 2010 7:43am
Hi Danger,

I', not too sure if this is what you're after but take a look anywway. It's called the G7 USD indi and you will find it at the link below.. It's used on a Fib trading method and its plots the strength of all the currency against each other. Also it is possible just have it plot the particular pair of your choice....

http://www.forexfactory.com/showthread.php?t=212301

Blinkers......


Quoting DangerBoy
I should clarify, I'm trying to figure out a way to easily attain the relative strength between related pairs. So for instance if you were interested in seeing which is the strongest pair on the day between:

GBP/CAD,
GBP/JPY,
GBP/NZD,
GBP/USD,

Any thoughts on going about it?

At the moment I'm just using visual but trying to put together something a bit more concrete.
  • #193,890
  • Jan 18, 2010 7:48am Jan 18, 2010 7:48am
Nirav/Chris : Thanks guys. Absolutely appreciate it
Will holler when worm jr. arrives!
Thank You
  • #193,891
  • Jan 18, 2010 7:51am Jan 18, 2010 7:51am
Quoting Wharfe
Well here's my view

I expect a drop in cable fairly soon, possibly as low as 1.60, but then we resume the uptrend as I think we are now in one. The trouble is trying to pick a top will be tricky and it could explode up before comming back down. There are enough lines though to make me try for a short, stops in the region of 1.64

But with no action across the pond today it may do something wierd.


http://i48.tinypic.com/vpgrnp.jpg
I wouldn't be afraid to pick a top if I were you.
You have a rising wedge there. That's an absolute kaboom pattern when it plays out. 6050 level could well be the first stop before a further decline.
Well, going by what you have on your chart at least
Thank You
  • #193,892
  • Jan 18, 2010 7:55am Jan 18, 2010 7:55am
Quoting fxblinkers
Hi Danger,

I', not too sure if this is what you're after but take a look anywway. It's called the G7 USD indi and you will find it at the link below.. It's used on a Fib trading method and its plots the strength of all the currency against each other. Also it is possible just have it plot the particular pair of your choice....

http://www.forexfactory.com/showthread.php?t=212301

Blinkers......
Brilliant, thanks allot mate, always on the hunt for new ideas...

Cable is poetry in motion today, it's trying to lure me back in I tell ya..

Reckon if we break the diagonal here, we are off down to test the pivot at 275.

Classic H&S anyway..
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (15 Min) Petry in Motion.jpg Size: 120 KB
Want what the market wants
  • #193,893
  • Jan 18, 2010 8:05am Jan 18, 2010 8:05am
Ups ... up again .... close + 30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,894
  • Jan 18, 2010 8:08am Jan 18, 2010 8:08am
Quoting Yngwie
This is my post 31hrs ago at price 1.6257

Now price already achieve 1.6356 for 99 pips. Now we can see price going down because its fail to open above 1.6356. EASY!

Why people make it so hard?? lol
Hard effort just given me + 60 pips by long and + 30 pips by short excluding last friday's gain !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,895
  • Jan 18, 2010 8:09am Jan 18, 2010 8:09am
Quoting manize
Hard effort just given me + 60 pips by long and + 30 pips by short excluding yesterday's gain !
Cheers what you got!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #193,896
  • Jan 18, 2010 8:12am Jan 18, 2010 8:12am
Quoting Yngwie
Cheers what you got!
Seems like I'll pay attention to what you advice next hours !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,897
  • Jan 18, 2010 8:21am Jan 18, 2010 8:21am
Quoting manize
Hard effort just given me + 60 pips by long and + 30 pips by short excluding last friday's gain !
Maybe the effort is 'hard' because you trade both ways?
  • #193,898
  • Jan 18, 2010 8:22am Jan 18, 2010 8:22am
Are you guys that post on here every day full time day traders?

I've been reading the thread for a few weeks now and have really enjoyed it.

Myself I've been day trading for the passed year, basically learning and putting together my own trading method as I go, just started trading real money this last week, so far so good.

Was wondering what everyone else's story is?
Want what the market wants
  • #193,899
  • Jan 18, 2010 8:29am Jan 18, 2010 8:29am
Quoting sibajnok
Maybe the effort is 'hard' because you trade both ways?
I am enjoying it !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,900
  • Jan 18, 2010 8:40am Jan 18, 2010 8:40am
Quoting manize
I am enjoying it !
Staying one side (bearish) is not so profitable and enjoyable but I enjoy it, too!
Attached Image (click to enlarge)
Click to Enlarge Name: gu_0118_.jpg Size: 34 KB
336 traders viewing now