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Cable Update (GBPUSD)

  • #234,241
  • Jun 28, 2010 7:44am Jun 28, 2010 7:44am
Now does correlation always work, no; there are times when correlation is inverse, it is up to you to figure out when and why that is happening and plan your trades accordingly. Alternatively wait for the correlation to resume and again you have a high probability trade.

Thank you very much.
appreciate the info.
  • #234,242
  • Jun 28, 2010 7:47am Jun 28, 2010 7:47am
Quoting newbie_fx
Now does correlation always work, no; there are times when correlation is inverse, it is up to you to figure out when and why that is happening and plan your trades accordingly. Alternatively wait for the correlation to resume and again you have a high probability trade.

Thank you very much.
appreciate the info.

What you are talking about is what the quant stat arbs are doing in fx, they use both correlation and forward spot in finding high probability trade setup in correlated, both real and synthetic currency pairs. Some retailers use cluster setups to get close. I have started a little work into cluster trading, but it is still in its infancy. I want to use it though for better prediction into range breakouts. If I can identify the probable range break out based on some of the real and synthetics, I will gain an edge. I am only just getting started.
  • #234,243
  • Jun 28, 2010 7:52am Jun 28, 2010 7:52am
i have a feeling that 1.5075 is high of the day which represent by 21 weekly EMA and 100 daily EMA
Verily, in every difficulties there is relief
  • #234,244
  • Jun 28, 2010 7:57am Jun 28, 2010 7:57am
Quoting primzvicious
i have a feeling that 1.5075 is high of the day which represent by 21 weekly EMA and 100 daily EMA
Dont give up on it yet. 3pm is usually a good time point for a rally.

If it gets to 4pm and it hasn't rallied I will consider closing my long with an albeit smaller than hoped for profit.

Looking for 1.5135 tp.
  • #234,245
  • Jun 28, 2010 7:59am Jun 28, 2010 7:59am
Quoting OldReigatian
Dont give up on it yet. 3pm is usually a good time point for a rally.

If it gets to 4pm and it hasn't rallied I will consider closing my long with an albeit smaller than hoped for profit.

Looking for 1.5135 tp.
still missed by 3 pips anyway... any break will trigger rally to 130-145 area
Verily, in every difficulties there is relief
  • #234,246
  • Jun 28, 2010 8:01am Jun 28, 2010 8:01am
geez traders its only done 55 pips so far today , lots of room one way or the other yet , just has to catch a breather from the run up friday lol
  • #234,247
  • Jun 28, 2010 8:19am Jun 28, 2010 8:19am
Cable has been making higher lows, predicting a determined move up

see chart n comment

http://img686.imageshack.us/img686/484/90462057.gif
  • #234,248
  • Jun 28, 2010 8:20am Jun 28, 2010 8:20am
cant help to short.... sl @ 80
Verily, in every difficulties there is relief
  • #234,249
  • Jun 28, 2010 8:21am Jun 28, 2010 8:21am
Quoting forexlion
Cable has been making higher lows, predicting a determined move up

see chart n comment

http://img686.imageshack.us/img686/484/90462057.gif

On a bigger picture this pattern becomes even more clearer

we have seen massive movements today !!!

http://img686.imageshack.us/img686/3774/12713632.gif
  • #234,250
  • Jun 28, 2010 8:22am Jun 28, 2010 8:22am
Quoting primzvicious
cant help to short.... sl @ 80
Me too, it looks like a retrace before continuation but stop is tight.

Cloggie .. lol your title under your name had me fooled for awhile
******************* I'd rather make money than be right.
  • #234,251
  • Jun 28, 2010 8:30am Jun 28, 2010 8:30am
Forget cable, who cares whether it is going up or down.

COME ON HOLLAND!

Attached Image (click to enlarge)
Click to Enlarge Name: Dutch Supporters.jpg Size: 86 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Dutch Supporters 2.jpg Size: 97 KB
  • #234,252
  • Jun 28, 2010 8:32am Jun 28, 2010 8:32am
Quoting bbakker
Forget cable, who cares whether it is going up or down.

COME ON HOLLAND!

Attachment

Attachment
Bunch of Clog wearing pansies if you ask me
  • #234,253
  • Jun 28, 2010 8:33am Jun 28, 2010 8:33am
Quoting OldReigatian
Bunch of Clog wearing pansies if you ask me
Yup, and proud of it. We are still the only succesful invaders of your little island.... We brought a little culture to your place, without us you'd still be living in straw roofed huts with plastered walls, Oh of course you still do.
  • #234,254
  • Jun 28, 2010 8:36am Jun 28, 2010 8:36am
Only a noob, but am quite proud to say i have been tracking this movement in same way as you. Just waiting 4 close above daily high. BTW your charts are still a serios pain to scroll through.lol. above
Quoting forexlion
On a bigger picture this pattern becomes even more clearer

we have seen massive movements today !!!

http://img686.imageshack.us/img686/3774/12713632.gif
All systems of divination, like music itself,work through patterns.
  • #234,255
  • Jun 28, 2010 8:36am Jun 28, 2010 8:36am
Quoting cloggie
Yup, and proud of it. We are still the only succesful invaders of your little island....
So true, so true!

The English are just bitter... so would I be if I were English!
  • #234,256
  • Jun 28, 2010 8:38am Jun 28, 2010 8:38am
Quoting bbakker
So true, so true!

The English are just bitter... so would I be if I were English!
And the Scotsh, Irish, Norhthern English and Welsh still hanker for the good old Orange men in charge.
  • #234,257
  • Jun 28, 2010 8:38am Jun 28, 2010 8:38am
Good luck Holland,
my dreamfinal: Holland vs. Germany
  • #234,258
  • Jun 28, 2010 8:38am Jun 28, 2010 8:38am
Quoting cloggie
Yup, and proud of it. We are still the only succesful invaders of your little island.... We brought a little culture to your place, without us you'd still be living in straw roofed huts with plastered walls, Oh of course you still do.
Us and the Vikings, although the Vikings just pillaged and raped, whereas we were to decent for that kind of thing
  • #234,259
  • Jun 28, 2010 8:39am Jun 28, 2010 8:39am
Quoting bbakker
Us and the Vikings, although the Vikings just pillaged and raped, whereas we were to decent for that kind of thing
And we were the fist and only to unite the entire UK.
  • #234,260
  • Jun 28, 2010 8:40am Jun 28, 2010 8:40am
Arjen may start. They just got to keep him on the right with Kuyt on the left.
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