Cable Update (GBPUSD) | Page 11565 | 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)

  • #231,281
  • Jun 11, 2010 6:27pm Jun 11, 2010 6:27pm
Quoting bigwal
night all, have a good weekend.

thanks for going a bit more into cams.

Yes i have seen they are deadly, only 1 day for not quite as deadly.

I have been looking for a intraday headsup, i think i have found it.

Also i would like to thank you for bringing cams to the forum, i would of proberly left intraday and said it couldnt be worked out.

Warren
Ah like anything it is the experience you get using something that makes them work so practice , practice , practice and you will do fine
  • #231,282
  • Jun 11, 2010 6:29pm Jun 11, 2010 6:29pm
Quoting digger1
ah taking a little time to wind down after the spring rush lol, How did you do this week man lots of greenie I hope
was a great week hope u had the same the ride was great in between then the hit from the top let ride all the way as u know 12 cans 24oz not really bad for a week
  • #231,283
  • Jun 11, 2010 6:31pm Jun 11, 2010 6:31pm
Quoting bigwal
night all, have a good weekend.

thanks for going a bit more into cams.

Yes i have seen they are deadly, only 1 day for not quite as deadly.

I have been looking for a intraday headsup, i think i have found it.

Also i would like to thank you for bringing cams to the forum, i would of proberly left intraday and said it couldnt be worked out.

Warren

have a great one enjoy
  • #231,284
  • Jun 11, 2010 6:31pm Jun 11, 2010 6:31pm
Quoting kill56
was a great week hope u had the same the ride was great in between then the hit from the top let ride all the way as u know 12 cans 24oz not really bad for a week
ha ha , good job kill had a great week too so all is good
  • #231,285
  • Jun 11, 2010 6:39pm Jun 11, 2010 6:39pm
Quoting digger1
ah taking a little time to wind down after the spring rush lol, How did you do this week man lots of greenie I hope
I have been digging greenie every day this week, my best run so far. All is good and I'm finally getting it, but taking it one step at a time and loving every minute of it. Quality, not quantity works better for me, biding my time, cast my line and wait for the bite. My plans are shaping up nicely!

Hope you've been keeping well and raking it in! Take it easy bro and keep up the great work, as I love reading your posts! See you soon buddy.
  • #231,286
  • Jun 11, 2010 6:41pm Jun 11, 2010 6:41pm
Quoting bbakker
I have been digging greenie every day this week, my best run so far. All is good and I'm finally getting it, but taking it one step at a time and loving every minute of it. Quality, not quantity works better for me, biding my time, cast my line and wait for the bite. My plans are shaping up nicely!

Hope you've been keeping well and raking it in! Take it easy bro and keep up the great work, as I love reading your posts! See you soon buddy.
dam we miss u bro how are u nice to see
  • #231,287
  • Jun 11, 2010 6:41pm Jun 11, 2010 6:41pm
Quoting bbakker
I have been digging greenie every day this week, my best run so far. All is good and I'm finally getting it, but taking it one step at a time and loving every minute of it. Quality, not quantity works better for me, biding my time, cast my line and wait for the bite. My plans are shaping up nicely!

Hope you've been keeping well and raking it in! Take it easy bro and keep up the great work, as I love reading your posts! See you soon buddy.
Ah no worries man , keep at it dude
  • #231,288
  • Jun 11, 2010 6:47pm Jun 11, 2010 6:47pm
Quoting kill56
have a great one enjoy
Hey bro, you been keeping cool as always Miss the room, but my time is better served on other priorities at the moment although that doesn't mean I won't drop by and say hello. I am sure by now little Kill is a pro trader with his Daddy as mentor. Take it easy bro and snipe those greenies
  • #231,289
  • Jun 11, 2010 7:13pm Jun 11, 2010 7:13pm
I think this is one real eye opener. I always thought ma's tell you the past. But I am really impressed with how it in any TF almost always stalls the PA, and some times even produces big retracements. I think this is Magix's idea. Great mate I appreciate your input.
Thank you.
  • #231,290
  • Jun 11, 2010 8:44pm Jun 11, 2010 8:44pm
Quoting newbie_fx
I think this is one real eye opener. I always thought ma's tell you the past. But I am really impressed with how it in any TF almost always stalls the PA, and some times even produces big retracements. I think this is Magix's idea. Great mate I appreciate your input.
Thank you.
Ultimately speaking...

The moving averages are a way to gauge direction...a what happens when kind of thing....Cable loves to play the 200 and if you get to know how it applies in the different time frames can turn this one little line into decent money, if not just knowing where to set targets..

Is it the only one?

I use several of them.

Chart Below.

When the 5EMA crosses above the 12EMA, on my charts it will generate an early buy alert...When I see confirmation and carry, you can see how price follows.

If we hold above the 50EMA, white, we carry on up, no change in trend.

When the 5EMA crosses below the 12EMA, on my charts it will generate an early sell trigger...When I see confirmation and carry, you can again, see how price follows.

Funny thing, they apply to ALL TIME FRAMES, only the range of play changes.

There are a whack of them you can use, but anything that helps you understand price and trend will keep you in the money.

Where there are those who will tell you to draw lines on a chart and that these lines are laggy....well catching a part of a trend beats the hell out of closing a trade in the red, only to take another trade to increase loss and pain on a guess...

Best part about using EMAs is that your chart will draw them for you.

For the best price of FREE...no guessing.

Glad you found a nugget of information in here that will assist your trading. When we work together, we grow as a group. We are all still learning.
Attached Image (click to enlarge)
Click to Enlarge Name: trendema.jpg Size: 97 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231,291
  • Jun 11, 2010 9:08pm Jun 11, 2010 9:08pm
Quoting Magix
Ultimately speaking...

The moving averages are a way to gauge direction...a what happens when kind of thing....Cable loves to play the 200 and if you get to know how it applies in the different time frames can turn this one little line into decent money, if not just knowing where to set targets..

Is it the only one?

I use several of them.

Chart Below.

When the 5EMA crosses above the 12EMA, on my charts it will generate an early buy alert...When I see confirmation and carry, you can see how price follows.

If we hold above the 50EMA, white,...
Hey Magix, how can I get to the above 5EMA and 12EMA lines. What do I need to download. Really appreciate your help. Thanks.
  • #231,292
  • Jun 11, 2010 9:13pm Jun 11, 2010 9:13pm
Quoting Najee
Hey Magix, how can I get to the above 5EMA and 12EMA lines. What do I need to download. Really appreciate your help. Thanks.
The EMAs themselves you can add to your chart manually. Everything else you see on the chart is part of a template I am working on and testing as of current. I have a couple of traders working with me trading off of these charts, long and shorter term time frames.

Will most likely be in test for another week then will be released on my thread.

Currently, and much the same, you can work with the 1sc2a and 1sc2b templates, the indicators and templates are already posted.

Click here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231,293
  • Jun 11, 2010 10:23pm Jun 11, 2010 10:23pm
Quoting Magix
The EMAs themselves you can add to your chart manually. Everything else you see on the chart is part of a template I am working on and testing as of current. I have a couple of traders working with me trading off of these charts, long and shorter term time frames.

Will most likely be in test for another week then will be released on my thread.

Currently, and much the same, you can work with the 1sc2a and 1sc2b templates, the indicators and templates are already posted.
Just read ur thread, really appreciate your info, very helpful. I try to keep my charts simple as I'm not really chart savvy and understand some of the jargons that most of you are talking. I am a believer of the H1 n H4 charts for trends and M1 for entry or exit price. Added the 24SMA and OSMA and really got the big picture now. Like you, I blew my account on the first attempt though not overnight.... Now my 2nd attempt is more fruitful with return of 150% in about 1 month period. You are right about one thing, over the longer period, the price will eventually follow the direction of your trade even though it goes against you in the beginning (provided you have ample margin and don't risk your money management). Patience is the name of the game. The reason of a better trading now is because I have been less compulsive and more patient about my trades. No doubt there are small glitches here and there but overall it has improve tremendously. Am learning to scalp on the shorter TFs and hopefully with the addition of your info that I've just read can smoothen my trading activities. Keep up the good work and all the best. Thanks.
  • #231,294
  • Jun 12, 2010 6:32am Jun 12, 2010 6:32am
Hi guys,
I am a newbie and have been going thru the stuff that you guys have been putting over here and as suggested by you guys i have gone thru the babypips site and have tried to do some chart on my own ..
Can you please have a look and advice me if my understanding is correct ...
I have drawn the EW down waves and the 3 correction waves and have drawn the next wave ...

Please let me know if i have done it right or wrong ....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_20100612.gif Size: 29 KB
  • #231,295
  • Jun 12, 2010 6:51am Jun 12, 2010 6:51am
Quoting ramksanj
Hi guys,
I am a newbie and have been going thru the stuff that you guys have been putting over here and as suggested by you guys i have gone thru the babypips site and have tried to do some chart on my own ..
Can you please have a look and advice me if my understanding is correct ...
I have drawn the EW down waves and the 3 correction waves and have drawn the next wave ...

Please let me know if i have done it right or wrong ....
one of the most impotant things to learn in fx in my opinion is avoid trading pairs that have no clear set up

it looks like is the case of cable at the moment....

wait for 1.4770 or 1.4230 to be breached and you'll see things better.

it seems like they are handling the cross now, gbp overperformed euro for many sessions in the last month, now I'd watch EURGBP for more confirmation as I think the cross might have found a bottom.
This could limit any gbp rise in the short term
  • #231,296
  • Jun 12, 2010 6:59am Jun 12, 2010 6:59am
Quoting fammira
one of the most impotant things to learn in fx in my opinion is avoid trading pairs that have no clear set up

it looks like is the case of cable at the moment....

wait for 1.4770 or 1.4230 to be breached and you'll see things better.

it seems like they are handling the cross now, gbp overperformed euro for many sessions in the last month, now I'd watch EURGBP for more confirmation as I think the cross might have found a bottom.
This could limit any gbp rise in the short term

Thanks very much for your advice. I will wait ....
  • #231,297
  • Jun 12, 2010 7:22am Jun 12, 2010 7:22am
Quoting ramksanj
Hi guys,
I am a newbie and have been going thru the stuff that you guys have been putting over here and as suggested by you guys i have gone thru the babypips site and have tried to do some chart on my own ..
Can you please have a look and advice me if my understanding is correct ...
I have drawn the EW down waves and the 3 correction waves and have drawn the next wave ...

Please let me know if i have done it right or wrong ....
Please review your EW principles again if you are still up to it. your labels show overlapping of w4 with w1 which is only found in triangles. Then it also shows w3 being the shortest among w1, w3 and w5.

I would suggest that you learn the trade set-ups they teach here. EW may be too advance for you at this time.
  • #231,298
  • Jun 12, 2010 7:44am Jun 12, 2010 7:44am
Quoting el grande
Please review your EW principles again if you are still up to it. your labels show overlapping of w4 with w1 which is only found in triangles. Then it also shows w3 being the shortest among w1, w3 and w5.

I would suggest that you learn the trade set-ups they teach here. EW may be too advance for you at this time.

Thank you very much. I will go thru them again and re-draw them ...
  • #231,299
  • Jun 12, 2010 11:12am Jun 12, 2010 11:12am
Hi Hitch..I agree with you!

Quoting hhitch
just a thought....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily2.gif Size: 42 KB
  • #231,300
  • Jun 12, 2010 9:22pm Jun 12, 2010 9:22pm
seems to be playing out so far...

Quoting StarChild
Hi Hitch..I agree with you!
"The real genius is knowing when to stop." - Marc Faber
261 traders viewing now