Cable Update (GBPUSD) | Page 12610 | 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)

  • #252,181
  • Sep 10, 2010 4:55am Sep 10, 2010 4:55am
Quoting iqyu5an
Simple and silly question,

Sorry, u hate scalping but why u use m1 ?
To refine his entry on a setup from a higher TF I should think.
  • #252,182
  • Sep 10, 2010 4:56am Sep 10, 2010 4:56am
Quoting javajames
I don't depend on any indicator.....I just depend on MY analysis according to MY own strategy.....I just use them for confirmation......sometimes when in doubt....

You're right my decisions come ONLY from higher TF.....sometimes I even use weekly and monthly.....so it's difficult to post every TF.... .....and let me be free to choose which one I post....

Maybe one day I'll post A daily one .....but as I'll have to explain further what I'm using, why and so on.....I'm not sure to be prepared to do it......I'm in front om PC to do my business...
he wanna post a daily tf coz based on daily tf....all his indi show bullish. i am sure soon he wanna post
not euphoria follower
  • #252,183
  • Sep 10, 2010 4:56am Sep 10, 2010 4:56am
Quoting Sutts
Do the coloured dots represent fractals from different T/Fs Java?
Thanks
it's called semafor. it was designed by a Russian programmer. you can get it for free on the web, so you don't need to be a "paying student" to aquire it.

it is a variation of zigzag, which is a repainting indicator. honestly, you'd be better off learning support and resistance rather then depending on some gizmo.

Quoting javajames
NO it comes from a proprietary indy, I designed myself and sorry .....I won't share cause it's part of the package for my paying students.....

But you could build one similar based on Zigzag, which I use in mine with some other data.....
  • #252,184
  • Sep 10, 2010 4:57am Sep 10, 2010 4:57am
Quoting iqyu5an
what i know kumo better in larger tf such as daily or weekly for trading. but u use 4H.... ok i understand u use it for scalping
SCALPING.....are you sure you know what it is ?????

What i do is just TRADING....

Trade well my friend
Non licet omnibus adire Corinthum
  • #252,185
  • Sep 10, 2010 4:59am Sep 10, 2010 4:59am
Quoting javajames
SCALPING.....are you sure you know what it is ?????

What i do is just TRADING....

Trade well my friend
qiqiiqiqiqi yayayyayayaya .......T-R-A-D-I-N-G
not euphoria follower
  • #252,186
  • Sep 10, 2010 5:00am Sep 10, 2010 5:00am
Quoting Temps
Copied and pasted

Support or Resistance's Length
The longer the time or the number of hits it got, the stronger it is. .
My understanding is the total opposite. The more times a level is hit, particularly in the upper tf the weaker it becomes often giving way on the third attempt, but usually by the 5th. The greater amount of hits needed to penetrate it, the more violent the subsequent move.
  • #252,187
  • Sep 10, 2010 5:01am Sep 10, 2010 5:01am
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, H1.gif Size: 48 KB
  • #252,188
  • Sep 10, 2010 5:01am Sep 10, 2010 5:01am
Quoting Fudomyo
it's called semafor. it was designed by a Russian programmer. you can get it for free on the web, so you don't need to be a "paying student" to aquire it.

it is a variation of zigzag, which is a repainting indicator. honestly, you'd be better off learning support and resistance rather then depending on some gizmo.

Thanks Fudomyo, just interested.
  • #252,189
  • Sep 10, 2010 5:02am Sep 10, 2010 5:02am
Quoting Fudomyo
too late.

The old saying never goes away, those that can trade, those that can't show up on FF, antagonise all the senior people here and start teaching the gullible noobs for a few hundred quid a year and of course a revamped magic indy that can be found for free anywhere is always par for the course.
  • #252,190
  • Sep 10, 2010 5:03am Sep 10, 2010 5:03am
Quoting Merry
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
....

I was watching that one but it didn't complete unfortunately. London open took over!
  • #252,191
  • Sep 10, 2010 5:04am Sep 10, 2010 5:04am
As we have touched (within 10 pips) both yesterday's high and low is it feasible that she will stay in range until the end of the day?

BTW I'm not seeking prophesies, just trying to learn how she behaves!
  • #252,192
  • Sep 10, 2010 5:05am Sep 10, 2010 5:05am
Dollar index had a nice bullish bounce off that demand level. Could be bouncing back down now off another key level.
Attached Image
  • #252,193
  • Sep 10, 2010 5:10am Sep 10, 2010 5:10am
Quoting Temps
Copied and pasted

[size=2]Support or Resistance's Length
The longer the time or the number of hits it got, the stronger it is. For example, a week's support or resistance...
Yes, that's what the books say, and the first revisit (double top/double bottom) is often very strong, after that it becomes weaker and weaker.
Of course its also the TF you choose, the lower it gets the more revisits....
imo its more the level where big buyers/sellers came in which is important then people memories...
Not a guru like cloggie but thats how I see it....
Don't be a hero. Don't have an ego. Always question yourself
  • #252,194
  • Sep 10, 2010 5:10am Sep 10, 2010 5:10am
Quoting bbmac
London equities have 'continuous trading times 0800am-1630pm Uk time, and as I understand it although forex does not have an official open and close, it is accepted that 0700am Uk time is when London forex oredrs begin to get processed and the accepted overnight 'asian' session is ending. Of course highest liquidity is seen when all markets are trading, ie equities etc...

G/L
Thanks bbmac. My problem was correlating London time to GMT but now I get that London is one hour off from GMT.

Is this going to change in October? Does London use daylight savings time?
  • #252,195
  • Sep 10, 2010 5:13am Sep 10, 2010 5:13am
Quoting Sutts
Thanks Fudomyo, just interested.
cheers mate

I have to admit, I was curious for a while about indicators too. I think everyone goes through a period thinking, "maybe this is going to help my trading". (and we also like cool looking toys)

then we turn a corner, when we finally find confidence in our abilities to see what's happening on the chart, and all that stuff becomes unnecessary.

is kind of a scary step, but a necessary one too, so the sooner people get out of the indicator stage, the faster they grow as a trader.

anyway, nuff said.

best of luck with your trades
  • #252,196
  • Sep 10, 2010 5:19am Sep 10, 2010 5:19am
Quoting Fudomyo
you'd be better off learning support and resistance rather then depending on some gizmo.
I agree with this.....but when you're starting in this business it' s good to have some tools to help you find S/R.....

My indicator isn' t Semafor....but of course those who want, may use it.....

Not you of course as you seem to know evrything about trading......I'm happy for you....

Trade well
Non licet omnibus adire Corinthum
  • #252,197
  • Sep 10, 2010 5:20am Sep 10, 2010 5:20am
Well done, Cloggie!
  • #252,198
  • Sep 10, 2010 5:23am Sep 10, 2010 5:23am
Quoting Fudomyo
cheers mate

I have to admit, I was curious for a while about indicators too. I think everyone goes through a period thinking, "maybe this is going to help my trading"....
Thanks. I spent a long time on indicators and only in the last year have I started to actually watch the price properly. Doh! All those wasted years!
  • #252,199
  • Sep 10, 2010 5:25am Sep 10, 2010 5:25am
Quoting Sutts
Thanks. I spent a long time on indicators and only in the last year have I started to actually watch the price properly. Doh! All those wasted years!
I know exactly how you feel! In a similar position myself. Started off looking at this business from entirely the wrong angle!
  • #252,200
  • Sep 10, 2010 5:28am Sep 10, 2010 5:28am
Quoting Sutts
Thanks. I spent a long time on indicators and only in the last year have I started to actually watch the price properly. Doh! All those wasted years!

But the scammers need indicators, they can't sell anything otherwise.

Seriously though, price is the only thing that matters and indicators just get in the way, I use some Indy's to make the simple jobs easier, such as pivots MA's TL's fibs etc, but cluttering up your screen keeps you from seeing the trees through the forest. For 100 years traders made good money before any indy was ever invented and price behaviour hasn't changed since the advent of Indys, they are just there to compensate for the lack of price knowledge and used by brokers to make it look "easy".

Do you really think that the big boys use MT4 loaded up with Indy's?
346 traders viewing now