Cable Update (GBPUSD) | Page 10073 | 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)

  • #201,441
  • Feb 24, 2010 2:56am Feb 24, 2010 2:56am
Quoting Jaice
Hi Manize,

Thanks for all your great posts. I've noticed your skill for over a year now. Hope you don't mind an uneducated question.

What was the trigger for you to exit this trade? You entered well and hit 40pips just at the turn.

Was it all on price action?


I went away for 10 minutes after seeing the commitment south and came back to a surprise.

Now I am less certain of the overall movement in the next 2 hours.


Cheers,
J
Looking at a trigger on M1/M5 and yesterday S2 ( 1.5415) to close it ! Let see current PA at 1.4515/20 again, bounces or not ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,442
  • Feb 24, 2010 2:57am Feb 24, 2010 2:57am
Quoting kingfisher
No. I am short. I will not take a counter trend trade.

Ultimately trend will save me once it starts its eventual ride down sooner or later.
To counter trend treade and to do successfully, understanding your entry level is key.

YES its dangerous, but it can also be extremely rewarding.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #201,443
  • Feb 24, 2010 3:00am Feb 24, 2010 3:00am
Quoting Bull_Bear
To counter trend treade and to do successfully, understanding your entry level is key.

YES its dangerous, but it can also be extremely rewarding.
Hey brother!!! good to see u bro..got myself a job hence less time on forums..hope u doing well as always
  • #201,444
  • Feb 24, 2010 3:12am Feb 24, 2010 3:12am
Quoting nAVIN2007
Hey brother!!! good to see u bro..got myself a job hence less time on forums..hope u doing well as always
I'm doing good bro....

I ask Wormie where the hell you've disappeared to. He told me you have a full time job now and trading with more discipline.

Keep it going hard mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #201,445
  • Feb 24, 2010 3:13am Feb 24, 2010 3:13am
Quoting manize
Looking at a trigger on M1/M5 and yesterday S2 ( 1.5415) to close it ! Let see current PA at 1.4515/20 again, bounces or not ?
Looks like bouncing again but I don't sure reaches 1.5455/60 or not !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,446
  • Feb 24, 2010 3:14am Feb 24, 2010 3:14am
It seems every attempt at moving to 1.5400 is met with equal/stronger buying pressure sending it right back up.

I think a sell beneath 1.5400 might be an option for me. If it gets there that is..
{Promotion Removed}
  • #201,447
  • Feb 24, 2010 3:18am Feb 24, 2010 3:18am
Quote
To counter trend treade and to do successfully, understanding your entry level is key.

YES its dangerous, but it can also be extremely rewarding.


Fully agree..entry is key in counter trend trade so as to ride the 38/50/61% fib retracement momentum.
  • #201,448
  • Feb 24, 2010 3:18am Feb 24, 2010 3:18am
We seem to be approaching consolidation, but on the H1 timeframe have been making lower highs and lower lows.

Seems hard to see in which direction the breakout might come ... stochastic is becoming oversold and CCI approaching 0 from below so long might be the best bet above 1.5480?
  • #201,449
  • Feb 24, 2010 3:24am Feb 24, 2010 3:24am
Go long with tght SL ?
Attached Image (click to enlarge)
Click to Enlarge Name: 240210.gif Size: 64 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,450
  • Feb 24, 2010 3:24am Feb 24, 2010 3:24am
problem is, gbp and usd are both bullish, so it'll probably just slowly crawl towards 1.35 and then it's a toss up whether a bounce or through the lows.
  • #201,451
  • Feb 24, 2010 3:26am Feb 24, 2010 3:26am
Quoting nAVIN2007
Hey brother!!! good to see u bro..got myself a job hence less time on forums..hope u doing well as always

hey bro how are long time no see
  • #201,452
  • Feb 24, 2010 3:26am Feb 24, 2010 3:26am
Another bounce, this might creep to 1.5480 again.
{Promotion Removed}
  • #201,453
  • Feb 24, 2010 3:27am Feb 24, 2010 3:27am
Quoting manize
Yes my DP today is 1.5470 ---> It is the key level, eventhough broken it I don't sure pass 1.5488/530/541 ! Before 1.5470 I have one R 1.5455/60 --> Looks like not easy to break it since yesterday on H1/H4 close/open ! ---> Yesterday I've got so much green pips by 3 times short at that level !

If breaks 1.5470 I dare loss untill 1.5480 !

good one manize

but yet, i still tryin' to ride north..since early morning 1.5420 ..

SL 1.5380 my TP is open..
  • #201,454
  • Feb 24, 2010 3:30am Feb 24, 2010 3:30am
Quoting skc1970
We seem to be approaching consolidation, but on the H1 timeframe have been making lower highs and lower lows.

Seems hard to see in which direction the breakout might come ... stochastic is becoming oversold and CCI approaching 0 from below so long might be the best bet above 1.5480?
Good eye
Dp is @5461. Only a close above that level will negate selling pressure.
And bear in mind even tho stochs are in oversold does not necessarily mean price will turn just yet. The slow & fast settings needs to both have the mas on the stochs to crossover to produce a valid signal.
Slap a cci on your H4, currently it is about to test -100 (os level). 9 out of 10 times when cci dips below -100 price will tend to make lower low.
So keep an eye on those.
Good luck.
Thank You
  • #201,455
  • Feb 24, 2010 3:36am Feb 24, 2010 3:36am
What I See.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #201,456
  • Feb 24, 2010 3:38am Feb 24, 2010 3:38am
Quoting Bull_Bear
I'm doing good bro....

I ask Wormie where the hell you've disappeared to. He told me you have a full time job now and trading with more discipline.

Keep it going hard mate
yup for sure..brother!!.. i will keep pressing on this, i took the day off today.. need to trade

i entered this trade last night looking for a thrid test of purple trendline
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 30 KB
Click to Enlarge Name: trade3.gif Size: 23 KB
  • #201,457
  • Feb 24, 2010 3:39am Feb 24, 2010 3:39am
It feels like the Asian session.

For this I am not sleeping?

Sheesh
BR
  • #201,458
  • Feb 24, 2010 3:39am Feb 24, 2010 3:39am
Quoting kill56
hey bro how are long time no see

i have been watching bro..just working..9am to 5pm..leave little time for charts..hope u doing well
  • #201,459
  • Feb 24, 2010 3:46am Feb 24, 2010 3:46am
Quoting nAVIN2007
yup for sure..brother!!.. i will keep pressing on this, i took the day off today.. need to trade

i entered this trade last night looking for a thrid test of purple trendline
Looks good enough to me bro. Don't be shy around here mate, lots of people value your input mate.

Remeber NAV, we don't work for our money, our money works for us
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #201,460
  • Feb 24, 2010 3:50am Feb 24, 2010 3:50am
is she just waiting for Mr Bern speech this evening to start a real move..??

...
384 traders viewing now