Cable Update (GBPUSD) | Page 11742 | 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)

  • #234,821
  • Jun 30, 2010 3:41pm Jun 30, 2010 3:41pm
Quoting cloggie
Here is the turn on fibre M5, let's see if this is the one. The M5 turn is having a knock on effect on M15, am going to be patient here, 2220 has to give.

She is trying hard but hardly trying.
  • #234,822
  • Jun 30, 2010 3:44pm Jun 30, 2010 3:44pm
Quoting Ineedpips9
If she does break downwards and confirms I think we might be headed somewhere towards 4790,give or take 20 or so pips.Waiting to see if she confirms bounces.

Hope all have done well today.My one trade was the au for 25.
4790? somewhat far dont you think? by my chart, the 61.8 fib is @ 4858 for the run from 4700 to 5130
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 156 KB
  • #234,823
  • Jun 30, 2010 3:45pm Jun 30, 2010 3:45pm
Quoting smikester
I didn't say it would move 1,000 pips (sorry I haven't been following the thread) I said I was short biased. If I were holding longs I probably would be thinking about closing them this week at this level and guess what? It's the end of the month. Anybody knows a long closed is a sell. I would be looking to sell above 1.5. That's a good price.

Next decent support is at 1.4750 then 1.43 ?

Whauuuaaaaaaaaaayay!
Gone to a better place
  • #234,824
  • Jun 30, 2010 3:54pm Jun 30, 2010 3:54pm
It may take a while,but I think that if it does confirm the continuation of the downward move,we could see the next couple of London session's volume push it there (or like I said maybe around 20 pips of that mark).

It must confirm though.If it doesn't,all bets are off.
Just my 2 cents. As a newbie still learning my arse from my elbow I've got a ways to go still.

Quoting kasper
4790? somewhat far dont you think? by my chart, the 61.8 fib is @ 4858 for the run from 4700 to 5130
  • #234,825
  • Jun 30, 2010 3:55pm Jun 30, 2010 3:55pm
Quoting Ineedpips9
If she does break downwards and confirms I think we might be headed somewhere towards 4790,give or take 20 or so pips.Waiting to see if she confirms bounces.

Hope all have done well today.My one trade was the au for 25.
true

i like the closing of all pairs es did great today and drag the market with it

did fine today thanks hope u did the same
  • #234,826
  • Jun 30, 2010 4:03pm Jun 30, 2010 4:03pm
Quoting cloggie
She is trying hard but hardly trying.
the very small amount of patience that I have is being tested at the moment. will someone just make them get on with it already!

both cable and fiber both look like they might be setting their bottoms. although fiber is hugging the Weekly S1
  • #234,827
  • Jun 30, 2010 4:03pm Jun 30, 2010 4:03pm
my mourning trade for the second day in a row gave me green.I only made one trade because I had only one confirmation on a chart,the au.

Just the mention of es gets me excited about the possibility of my trading in the future.From my understanding the es was a rockstar today. Congrats.

Quoting kill56
true

i like the closing of all pairs es did great today and drag the market with it

did fine today thanks hope u did the same
  • #234,828
  • Jun 30, 2010 4:04pm Jun 30, 2010 4:04pm
Quoting Ineedpips9

It must confirm though.If it doesn't,all bets are off.
Sorry not to be busting your balls or anything....but what is the difference of your above statement and flipping a coin?
  • #234,829
  • Jun 30, 2010 4:05pm Jun 30, 2010 4:05pm
i see gu only go area 4870..
max for me 4800...
below 4870..i to affraid to play short..
for know i hope gu will retec to 1.50..
so can load short from there..
Revesal Trader
  • #234,830
  • Jun 30, 2010 4:08pm Jun 30, 2010 4:08pm
Quoting Hound
Sorry not to be busting your balls or anything....but what is the difference of your above statement and flipping a coin?

Let me bust yours then, he posted a chart with his outlook, his setup, his confirmation level and his target, what else do you want, his inseam? Here is someone who went from knowing barely a thing but by having the balls and asking questions is now coming up with his own setups, posting charts with reasoned thoughts about his own trades and is turning a profit. By hard craft and picking up knowledge and asking questions he is making sure that he is not going to a statistic.
  • #234,831
  • Jun 30, 2010 4:08pm Jun 30, 2010 4:08pm
Quoting Hound
Sorry not to be busting your balls or anything....but what is the difference of your above statement and flipping a coin?

man we do flip the coin in all of our trades ask cloggie about that
  • #234,832
  • Jun 30, 2010 4:11pm Jun 30, 2010 4:11pm
Quoting mygoldenpips
i see gu only go area 4870..
max for me 4800...
below 4870..i to affraid to play short..
for know i hope gu will retec to 1.50..
so can load short from there..
are u think gu will go at 1.50 before going down again...
yesterday i have lost 20usd....from 4 trade...my acc balence still ok...
but i just need to make more profit than loses...
are u think 20-25 pips for SL is so small....

thank in advance
  • #234,833
  • Jun 30, 2010 4:15pm Jun 30, 2010 4:15pm
Quoting cloggie
Let me bust yours then, he posted a chart with his outlook, his setup, his confirmation level and his target, what else do you want, his inseam? Here is someone who went from knowing barely a thing but by having the balls and asking questions is now coming up with his own setups, posting charts with reasoned thoughts about his own trades and is turning a profit.

Nice reply but you did not answer my very simple question.



Try again!
  • #234,834
  • Jun 30, 2010 4:16pm Jun 30, 2010 4:16pm
No problem.I'm not taking that way at all.I welcome questioning so if my explanation seems off I get a different perspective and maybe learn something.

The word confirmation is the big difference. If and only if it confirms the downward move is when I think it could head to the area I previously mentioned.If it doesn't confirm,who knows what she'll do.That's when I sit back and watch the show I like to call "Crazy Cable".

And I'm not trying to be an arse or anything,but we all are really flipping a coin when you get down to it.All the tools we use (like indicators,for example) is kinda give us better odds.Instead of having only one flip, we kinda get to go for the best of 10 flips.



Quoting Hound
Sorry not to be busting your balls or anything....but what is the difference of your above statement and flipping a coin?
  • #234,835
  • Jun 30, 2010 4:16pm Jun 30, 2010 4:16pm
Quoting Hound
Nice reply but you did not answer my very simple question.



Try again!

Yes I did, if you can bother scrolling back a page you can see the conversation between two members here discussing setups with entry criteria and here you come taking one post from that conversation out of context and making a sh!tty remark about it.
  • #234,836
  • Jun 30, 2010 4:18pm Jun 30, 2010 4:18pm
Quoting Ineedpips9

And I'm not trying to be an arse or anything,but we all are really flipping a coin when you get down to it.All the tools we use (like indicators,for example) is kinda give us better odds.Instead of having only one flip, we kinda get to go for the best of 10 flips.

And you don't even need to have 50% winners as long as your r/r is right. So all in all you can be doing lots better then flipping coins.
  • #234,837
  • Jun 30, 2010 4:18pm Jun 30, 2010 4:18pm
Cool. @ ( INEEDPIPS)
  • #234,838
  • Jun 30, 2010 4:22pm Jun 30, 2010 4:22pm
Quoting cloggie
Yes I did, if you can bother scrolling back a page you can see the conversation between two members here discussing setups with entry criteria and here you come taking one post from that conversation out of context and making a sh!tty remark about it.
No you did not!

You still have not answered my very simple question. Try once again.
  • #234,839
  • Jun 30, 2010 4:24pm Jun 30, 2010 4:24pm
Amen.Thanks Cloggie and Kill.All I'm trying to do is pick up as many golden nuggets of wisdom that I can so one day I can afford to work for myself so when the next big economic meltdown comes upon us (and believe me it will probably be sooner than later because we are only humans and history repeats itself) I won't be screwed like so many.I also want to be in Brazil in 4 years for the greatest sporting event in the world!!!

Quoting cloggie
Let me bust yours then, he posted a chart with his outlook, his setup, his confirmation level and his target, what else do you want, his inseam? Here is someone who went from knowing barely a thing but by having the balls and asking questions is now coming up with his own setups, posting charts with reasoned thoughts about his own trades and is turning a profit. By hard craft and picking up knowledge and asking questions he is making sure that he is not going to a statistic.
  • #234,840
  • Jun 30, 2010 4:25pm Jun 30, 2010 4:25pm
Quoting Hound
No you did not!

You still have not answered my very simple question. Try once again.

Yes I did, now go find yourself another thread to troll and don't let the door hit you in the @rse on the way out.

On the iggy list, you will be in good company there.
279 traders viewing now