Cable Update (GBPUSD) | Page 11366 | 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)

  • #227,301
  • May 18, 2010 8:33am May 18, 2010 8:33am
Quoting hhitch
not sure, but Steve Nison (the father of candlestick charting) says that if the 'pin bar' or 'hammer' candle has made a lower close than the previous candle, and is the latest in a downwards progression as this one is, then its reversal implications are questionable.
Hi Hitch,
Y'day, I wrote in reply to Manize that tomorrow (Tuesday) will be an up day. But inspite of it having moved up - today's PA had me baffled - couldn't buy for Swing - I trade a bit long term. And sure enough, it has come back to its beginnings ! I think CBs playing tricks ! And Nison.. Read his books.... great.
  • #227,302
  • May 18, 2010 8:35am May 18, 2010 8:35am
Quoting digger1
it has pretty much worked all day , I am in

new hit man in town

darn its london closing and the same move every day
  • #227,303
  • May 18, 2010 8:37am May 18, 2010 8:37am
Quoting digger1
it has pretty much worked all day , I am in
Good for you ! I am late ! + 50 pips up sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,304
  • May 18, 2010 8:39am May 18, 2010 8:39am
Quoting kill56
new hit man in town
lol, here you go kill my hit and run for the us session reds are shorts green is longs , stps are in the money by a pip if they go they go if not no biggie good pippin to all enjoy the rest of the day or evening what ever the case cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 2 minute chart.jpg Size: 156 KB
  • #227,305
  • May 18, 2010 8:41am May 18, 2010 8:41am
Hi Vilas,

we don't know how the day will end, but so far, today's candle is definitely closing below yesterday's, hammer or no.

I, too, tend to be slightly more long term (though not that long term) although I will say I've been bitten by the voodoo boodoo bug lately (hit & run!)

Quoting vilas
Hi Hitch,
Y'day, I wrote in reply to Manize that tomorrow (Tuesday) will be an up day. But inspite of it having moved up - today's PA had me baffled - couldn't buy for Swing - I trade a bit long term. And sure enough, it has come back to its beginnings ! I think CBs playing tricks ! And Nison.. Read his books.... great.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-100518.01.gif Size: 25 KB
"The real genius is knowing when to stop." - Marc Faber
  • #227,306
  • May 18, 2010 8:41am May 18, 2010 8:41am
Quoting manize
Good for you ! I am late ! + 50 pips up sofar !
ah you are in good shape collect the greenie
  • #227,307
  • May 18, 2010 8:44am May 18, 2010 8:44am
Quoting digger1
lol, here you go kill my hit and run for the us session reds are shorts green is longs , stps are in the money by a pip if they go they go if not no biggie good pippin to all enjoy the rest of the day or evening what ever the case cheers Attachment

digg got the milk now need the diapers

greeny bro enjoy

zigzag
  • #227,308
  • May 18, 2010 8:47am May 18, 2010 8:47am
Quoting digger1
ah you are in good shape collect the greenie
Let me subscribe join to The Voodoo Boodoo Club !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,309
  • May 18, 2010 8:50am May 18, 2010 8:50am
Quoting manize
Let me subscribe join to The Voodoo Boodoo Club !

u are welcome bro its for the ppl who wanna make money
  • #227,310
  • May 18, 2010 8:58am May 18, 2010 8:58am
Quoting kill56
u are welcome bro its for the ppl who wanna make money
Thank you, but damn after checked out your link refference .... there is too much lesson to be learned ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,311
  • May 18, 2010 9:02am May 18, 2010 9:02am
Quoting manize
Thank you, but damn ! I check out your link refference and there is too much lesson to be learned ....

bro check the last page magix have a nice post and u have the weekend to read bro its worth it
  • #227,312
  • Edited 9:07am May 18, 2010 9:05am | Edited 9:07am
Quoting hhitch
Hi Vilas,

we don't know how the day will end, but so far, today's candle is definitely closing below yesterday's, hammer or no.

I, too, tend to be slightly more long term (though not that long term) although I will say I've been bitten by the voodoo boodoo bug lately (hit & run!)
I have tried that before - good for pips but draining..... 7 trades in a day -- even if 6 winners and the other BE - too damn taxing. Might have to go back to it - if this is the way mkt is going to move....

Calling it a day !

Wish you pips !
  • #227,313
  • May 18, 2010 9:09am May 18, 2010 9:09am
Quoting vilas
I have tried that before - good for pips but draining..... 7 trades in a day -- even if 6 winners and the other BE - too damn taxing. Might have to go back to it - if this is the way mkt is going to move....

Calling it a day !

Wish you pips !
What an absolutely crappy day! darn... Was looking for more of a trend today but looks like she doesn't wanna!

Need to adapt to the different markets! Hoping 2moro is better!
@pawpaw1000 on Twitter
  • #227,314
  • May 18, 2010 9:12am May 18, 2010 9:12am
Quoting pawpaw1000
What an absolutely crappy day! darn... Was looking for more of a trend today but looks like she doesn't wanna!

Need to adapt to the different markets! Hoping 2moro is better!
  • #227,315
  • May 18, 2010 9:34am May 18, 2010 9:34am
patience is the key gentlemen....

Quoting pawpaw1000
What an absolutely crappy day! darn... Was looking for more of a trend today but looks like she doesn't wanna!

Need to adapt to the different markets! Hoping 2moro is better!
"The real genius is knowing when to stop." - Marc Faber
  • #227,316
  • May 18, 2010 10:01am May 18, 2010 10:01am
by gum the euro has fallen off a cliff - I would be rich with my short if I didnt own TOTAL shares
  • #227,317
  • May 18, 2010 10:04am May 18, 2010 10:04am
hi, I figured I'd put in my two cents $.02 -- my opinion, nothing more.

when price action is like it is today, it is as if price is saying "Which way should I go?" there are some people saying things like "there will be no more lows this year" etc. and the pinbar/hammer formation on the daily tends to support that viewpoint. However, as I wrote before, even Steve Nison would not believe that based on the fact that the 'hammer' made a lower close in a succession of lower lows. But there has been some volume coming in making some bullish price action today and stalling price above the 1.44 level.

personally, I see a head and shoulders top on this correction, indicating a continuation move downwards. (chart attached)

I might be completely and totally wrong, just my perception at the moment.

of course Voodoo Boodoo folks don't matter where it goes, they'll always make pips!

Quoting pawpaw1000
What an absolutely crappy day! darn... Was looking for more of a trend today but looks like she doesn't wanna!

Need to adapt to the different markets! Hoping 2moro is better!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-100518.02.gif Size: 20 KB
"The real genius is knowing when to stop." - Marc Faber
  • #227,318
  • May 18, 2010 10:11am May 18, 2010 10:11am
also here's another suggestion -- keep an eye on USDCHF. it tends to mirror GBPUSD. I noticed today that USDCHF found support on 1.13 and is now at 1.1375. during this move up the EURUSD also 'fell off a cliff' as observed. USDCHF often acts as a barometer in opposites to the EU and GU.
"The real genius is knowing when to stop." - Marc Faber
  • #227,319
  • May 18, 2010 10:12am May 18, 2010 10:12am
just put my first short of the day on cable

can but try
  • #227,320
  • May 18, 2010 10:18am May 18, 2010 10:18am
fiber with honey love the b;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;h
402 traders viewing now, 7 are registered:
,
bunneyx
,
Eren10
,
,
vssfx
,
Spekulanta
,
CPUmice