Cable Update (GBPUSD) | Page 12633 | 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)

  • #252,641
  • Sep 13, 2010 9:39am Sep 13, 2010 9:39am
Quoting javajames
http://www.forexfactory.com/showpost...stcount=252596

Sorry for these 10vs.....was already on the good side.....
And then again...........when they are still digging to find their good calls.....
At least none of the 10v posters are here to sell stolen indicators and find students for their mentoring service.....

You must be really hard up as a trader to have to resort to such underhand tactics.

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.....
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.
Quoting Fudomyo
Hold on a second.... I need to say something...
  • #252,642
  • Sep 13, 2010 9:41am Sep 13, 2010 9:41am
Quoting Turveyd
Long in play here, the trend is trying hard to turn up, but sadly it's failing.


If it works I get 20 - 40pips, if it fails I have 7 at risk, good Risk to Reward ratio
i reckon you'll get more than 40 pips if it breaks out to the upside, but it won't hurt to wait out for a bit, because there's a bit of resistance here and you're buying right under it.
Thank You
  • #252,643
  • Sep 13, 2010 9:42am Sep 13, 2010 9:42am
Quoting trending
A bear flag forming.

If the bear flag holds we may have an uptrend for a while. If it breaks I'm sure there are no short of speculation on where it is heading.
Don't be a hero. Don't have an ego. Always question yourself
  • #252,644
  • Sep 13, 2010 9:43am Sep 13, 2010 9:43am
Buy @ .5404x SL same price, follow other pair break..!
  • #252,645
  • Sep 13, 2010 9:44am Sep 13, 2010 9:44am
Quoting wormboy
i reckon you'll get more than 40 pips if it breaks out to the upside, but it won't hurt to wait out for a bit, because there's a bit of resistance here and you're buying right under it.

No stomach for a profit turning into a loss, already out +11.

Weak PA this afternoon, UK am is where its at, US sessions get weaker and weaker all the time I swear.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #252,646
  • Sep 13, 2010 9:48am Sep 13, 2010 9:48am
AUDUSD n EURJPY time to sell ?

good luck guys

  • #252,647
  • Sep 13, 2010 9:50am Sep 13, 2010 9:50am
Quoting Turveyd
No stomach for a profit turning into a loss, already out +11.

Weak PA this afternoon, UK am is where its at, US sessions get weaker and weaker all the time I swear.

nice

gotta agree us session has very little to offer lately.
welp, i'm off. have a good one & good luck with your trades
Thank You
  • #252,648
  • Sep 13, 2010 9:52am Sep 13, 2010 9:52am
Quoting Turveyd
No stomach for a profit turning into a loss, already out +11.

Weak PA this afternoon, UK am is where its at, US sessions get weaker and weaker all the time I swear.
Good job , but im still waiting the close of this day, my SL @ break even, hope what u said is true (USD weaker)...
  • #252,649
  • Sep 13, 2010 9:54am Sep 13, 2010 9:54am
Quoting M@2t
Good job , but im still waiting the close of this day, my SL @ break even, hope what u said is true (USD weaker)...

Oil finally through 76, es through 1115, 200ema. Risk is definitely on today.
  • #252,650
  • Sep 13, 2010 10:03am Sep 13, 2010 10:03am
Still short at 1.5436 and 06, if things remain as they are today is turning into a loss.

Will be in the market until 6:00pm (GMT) then i give up...take my losses like a man.
Our beliefs are based on logic and the pursuit of clearity.
  • #252,651
  • Sep 13, 2010 10:07am Sep 13, 2010 10:07am
Quoting grashid
AUDUSD n EURJPY time to sell ?

good luck guys

AU n EJ? for Scalper may be...but for me, i don't think so @ this time, except there is a massive sell of Gold or RBA cut rate..
  • #252,652
  • Sep 13, 2010 10:08am Sep 13, 2010 10:08am
Quoting wormboy
nice

gotta agree us session has very little to offer lately.
welp, i'm off. have a good one & good luck with your trades

When I started demoing this 6years back or something maybe 7 the market was much more fluid and pretty much all the time its what attracted me to Forex.

Shame!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #252,653
  • Sep 13, 2010 10:14am Sep 13, 2010 10:14am
Quoting cloggie
Oil finally through 76, es through 1115, 200ema. Risk is definitely on today.
yup..! on my chart 77.xx, for Risk, am already sell GJ @ 129.65x
  • #252,654
  • Sep 13, 2010 10:18am Sep 13, 2010 10:18am
Hi
Just back from my work, what news made this move today?
  • #252,655
  • Sep 13, 2010 10:18am Sep 13, 2010 10:18am
Quoting Gbp/usd
Well I don't pretend to be an expert but i will try to answer.

When equitiies on the DOW are traded they are done so in USD. This means investors are selling another currency and buying USD...well since the DOW stocks are quoted in USD. Now in the case for cable when the DOW moves up this means investors are buying into the market so require to buy USD and sell the GBP hence GBP/USD moving downwards. This is only true if there is no positive news in England where the FTSE 100 attracts new investors as a result selling of USD and buying GBP helping...
I don't think this is correct. Cloggie explained it few days back. Generally, with equities up, US$ is down. Likewise, a weaker US$ drives commodities up.
  • #252,656
  • Sep 13, 2010 10:24am Sep 13, 2010 10:24am
Quoting bimmerbob
I don't think this is correct. Cloggie explained it few days back. Generally, with equities up, US$ is down. Likewise, a weaker US$ drives commodities up.
There tends to be an inverse correlation between equities and T. bonds. When T Bonds go down, investors are losing faith in the US $
  • #252,657
  • Sep 13, 2010 10:27am Sep 13, 2010 10:27am
Quoting bimmerbob
I don't think this is correct. Cloggie explained it few days back. Generally, with equities up, US$ is down. Likewise, a weaker US$ drives commodities up.
Think about this as supply and demand... When more people need $, the demand goes up, hence the price of $ goes up too..
  • #252,658
  • Edited 10:41am Sep 13, 2010 10:31am | Edited 10:41am
Quoting bimmerbob
I don't think this is correct. Cloggie explained it few days back. Generally, with equities up, US$ is down. Likewise, a weaker US$ drives commodities up.

You are right. Think of it as money flows, with equities and oil up it means there is an appetite for risk, therefore money flows away from the dollar as safe haven into currencies and instruments that offer a return, no point holding cash, that does not pay the bills so the big funds dump the dollar for something that actually makes money. Especially the big funds in the US, when risk is on they en masse start buying equities, once risk is of, they go back into cash and wait for the next rally, keep in mind the big MF's and pension funds are long-only by either statute or law.

The big pensionfunds need DOW at 15,000 just to break even for the year and 20,000 to make up for the shortfall this year, that's why they hate HF's so much, they showed decades ago that a buy-and-hold approach just doesn't work anymore. The retailers are waking up to it also and redeeming en masse, so the MF's and PF's are on their own trying to sustain a rally.

The pensionfunds get around the buy and hold statutes by investing in listed HF's. That's why there is so many HF's on the ISE. Have a look at the FT, the listed funds take up more space then the stocks itself.

For Cable, we need 5432 to give way and 5411 to hold for 5442 and 5472.
  • #252,659
  • Sep 13, 2010 10:44am Sep 13, 2010 10:44am
Quoting cloggie
You are right. Think of it as money flows, with equities and oil up it means there is an appetite for risk, therefore money flows away from the dollar as safe haven into currencies and instruments that offer a return, no point holding cash, that does not pay the bills so the big funds dump the dollar for something that actually makes money. Especially the big funds in the US, when risk is on they en masse start buying equities, once risk is of, they go back into cash and wait for the next rally, keep in mind the big MF's and pension funds are long-only...
Thanks for the explanation Cloggie. I was expecting EU and GU to really go for it when I saw the oil and stocks break out like that. Any idea why things are so hesitant?

Is it generally a sound strategy to buy GU and EU (on dips say) when stocks and oil are on the up or is there a lot more to it than that? Sometimes I see stocks looking very healthy with no reaction at all from EU/GU and I've no idea why. Is it just one of those things that works enough to give you a small edge but nothing more - like everything in FX world I guess.
  • #252,660
  • Sep 13, 2010 10:44am Sep 13, 2010 10:44am
Though not a lot of relative strength, I am going to hold one long here for the ride.

Stop loss 1.5395...from 1.5409 open. 1 lot closed for +15, can afford to take a chance here.

Got a lot of chart up and we are still bullish on the day imo...

A close below or rollover open below current support, I change and go back to the short rides.
Attached Image (click to enlarge)
Click to Enlarge Name: lip.jpg Size: 132 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
1,300 traders viewing now