Cable Update (GBPUSD) | Page 12965 | 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)

  • #259,281
  • Oct 7, 2010 3:51am Oct 7, 2010 3:51am
let see in 10 minutes to close where 1H or 4H candle close. we just broken last week high again ...

Quoting joemiami
I'm short as of 5927

ST set at 15 pips above
not euphoria follower
  • #259,282
  • Oct 7, 2010 3:52am Oct 7, 2010 3:52am
Quoting joemiami
I'm short as of 5927

ST set at 15 pips above

Smart choice....
Dan TheMan
  • #259,283
  • Oct 7, 2010 3:53am Oct 7, 2010 3:53am
Morning All

Staying on the sidelines today...all a bit scarey today for a newbie like me. Just watching and learning.

Good Luck Everyone
Enter Signature
  • #259,284
  • Oct 7, 2010 3:54am Oct 7, 2010 3:54am
Quoting WanderingDan
Speculators and traders of cash, don't care about the charts....

They never have never and they never will.

trading chart information is a complex thing to understand for some..as a trader u dont rely on what u think..u go with what u see..u simply cannot ignore a trend..

we are in uptrend on monthly..so trader will look at dips, buy area..if u look at the 1hr chart, u saw huge buy candle do the complete range..above the high of that candle ud have buy triggers and stop loss hit..the huge movement up is simply stop loss triggered

this is why now the price is falling slightly..some of u dont know the simply dynamics of market movemnt and end up being caught

if u been caught u only have yourself to blame there is only one opponent in this game that matter and that is u
just go with what u see..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 79 KB
  • #259,285
  • Oct 7, 2010 3:56am Oct 7, 2010 3:56am
so where will the buy the dippers come in today ?? or will they ? Lol

G/L

http://www.easy-upload.net/fichiers/z.201010710563.gif
ex member
  • #259,286
  • Oct 7, 2010 3:56am Oct 7, 2010 3:56am
Quoting iqyu5an
let see in 10 minutes to close where 1H or 4H candle close. we just broken last week high again ...

I closed it already....didnt feel it had much conviction to head lower at this moment...we'll see
  • #259,287
  • Oct 7, 2010 3:57am Oct 7, 2010 3:57am
Quoting darrenware
Morning All

Staying on the sidelines today...all a bit scarey today for a newbie like me. Just watching and learning.

Good Luck Everyone
Good morning Darren

Come on in the waters fine, no sharks here
  • #259,288
  • Oct 7, 2010 3:58am Oct 7, 2010 3:58am
Quoting joemiami
I closed it already....didnt feel it had much conviction to head lower at this moment...we'll see
yes bro... better wait and see .... . btw before and after sorry to remind you
not euphoria follower
  • #259,289
  • Oct 7, 2010 3:59am Oct 7, 2010 3:59am
Bearish div was present @ the Hi on 5min

G/L

http://www.easy-upload.net/fichiers/z.2010107105913.gif
ex member
  • #259,290
  • Oct 7, 2010 3:59am Oct 7, 2010 3:59am
Quoting bbmac
so where will the buy the dippers come in today ?? or will they ? Lol

G/L

http://www.easy-upload.net/fichiers/z.201010710563.gif

if 4hr closes above top line we going up further toward 1.6
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 93 KB
  • #259,291
  • Oct 7, 2010 4:01am Oct 7, 2010 4:01am
Quoting AdrianHNV
Good morning Darren

Come on in the waters fine, no sharks here
I am tempted
Enter Signature
  • #259,292
  • Oct 7, 2010 4:01am Oct 7, 2010 4:01am
Quoting AdrianHNV
Good morning Darren

Come on in the waters fine, no sharks here
just a yellow jacket
Thank You
  • #259,293
  • Oct 7, 2010 4:01am Oct 7, 2010 4:01am
Buzzzing off for a while folks need to take the woofer for a long walk, having already reached my target for this morning. Will be back for the other half later on.

Have fun and make loads of HONEY..opps I mean MONEY while I'm gone.
  • #259,294
  • Oct 7, 2010 4:02am Oct 7, 2010 4:02am
Quoting iqyu5an
let see in 10 minutes to close where 1H or 4H candle close. we just broken last week high again ...
I totally agree bro, we have to watch this area now.. I hope H1 do not break the weekly high yet
  • #259,295
  • Oct 7, 2010 4:02am Oct 7, 2010 4:02am
Quoting AdrianHNV
Good morning Darren

Come on in the waters fine, no sharks here
  • #259,296
  • Oct 7, 2010 4:03am Oct 7, 2010 4:03am
Quoting nAVIN2007
if 4hr closes above top line we going up further toward 1.6
I see Bull flag, no shark Or
Attached Image (click to enlarge)
Click to Enlarge Name: 634181148704428680-Timing.jpg Size: 43 KB
  • #259,297
  • Oct 7, 2010 4:04am Oct 7, 2010 4:04am
Quoting nAVIN2007
if 4hr closes above top line we going up further toward 1.6
Yesterday it took about 2 hours to kill a butterfly. Reckon the same case today until news.
  • #259,298
  • Oct 7, 2010 4:07am Oct 7, 2010 4:07am
Quoting bbmac
Bearish div was present @ the Hi on 5min

G/L

http://www.easy-upload.net/fichiers/z.2010107105913.gif

thats what triggered my short decision.... which Ive closed
  • #259,299
  • Oct 7, 2010 4:08am Oct 7, 2010 4:08am
and... the 4H close right at last week high with solid body candle ( 4 H )

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=725


Quoting iqyu5an
yes bro... better wait and see .... . btw before and after sorry to remind you
Attached Image (click to enlarge)
Click to Enlarge Name: oct 7 h4 evening.gif Size: 22 KB
not euphoria follower
  • #259,300
  • Oct 7, 2010 4:11am Oct 7, 2010 4:11am
Quoting nAVIN2007
trading chart information is a complex thing to understand for some..as a trader u dont rely on what u think..u go with what u see..u simply cannot ignore a trend..

we are in uptrend on monthly..so trader will look at dips, buy area..if u look at the 1hr chart, u saw huge buy candle do the complete range..above the high of that candle ud have buy triggers and stop loss hit..the huge movement up is simply stop loss triggered

this is why now the price is falling slightly..some of u dont know the simply dynamics of market movemnt and end up being...

Firstly, you have really made me smile.

I have not been caught, in fact, I have posted one loss in 3 months and that was because i am trading one click and I hit it by mistake.

This may be hard to believe. But I will explain how I manage this.

I don't care what the forecasts, charts, analysts and gamblers have to say.

As you suggest, i go with what i see.

I take positions and believe in them. I then hold - as I did with cable yesterday - waiting for them to come in.

In the end, they always do.

Of course, that would not happen if I was blindly backing a dead horse.
There has to be some knowledge behind it all.

I started trading at 21, I am now 39

I started on the floor, when there was one and then on the "machines" when the day of open cry died.

What I know from those days is this;

Those trading the hard cash, do not care about anything other than profit.

They may all be working to an overall trend now, to avoid anyone taking major losses (Ultimately, only there clients changing the money actually loose), but they will still bounce around as much as they like, with not a single care for a chart or a trend line.

I will agree that the monthly trends are good indicators, but beyond that, it's all guess work.

Some argued on Tuesday and Wednesday that cable would hit 5950 + I argued against, because an old pal trading cash in the city, siggested i ignore such ramblings....

Anyway, I am not suggesting such methologies are wrong.
Only that the traders themselves, just don't care about them.

I went long GBP/CAD from it's low - The short cable from 5930 + - Then short EUR/USD from it's day high - then short EUR/GBP also from it's day high = Every one of those positions have come home to roost and i have not looked at trend line once. :-)
Dan TheMan
1,099 traders viewing now, 4 are registered:
Jomotron
,
CPUmice
,
,