Cable Update (GBPUSD) | Page 12996 | 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)

  • #259,901
  • Oct 11, 2010 4:37pm Oct 11, 2010 4:37pm
Quoting USD-Bear
See arguments to support it
1. 1.5864 being LTL
2. 1.5859 being 200-MVA
3. 1.5843 being 50% fib
4. some kind of topping on 10M USDX
Hunching the same but no balls to act on it because I don't trust nr. 4
Good luck!
Thanks $B ... initial plan is quite low leverage,so wont sweat it too much,its about 3.8x if all 3 entries are made.Would like to know what kind of leverage others use?
  • #259,902
  • Oct 11, 2010 4:47pm Oct 11, 2010 4:47pm
Quoting chazzle
Thanks $B ... initial plan is quite low leverage,so wont sweat it too much,its about 3.8x if all 3 entries are made.Would like to know what kind of leverage others use?
I use standard lots, for me 1 pip is appr. EUR 7.2 per lot
Don't be a hero. Don't have an ego. Always question yourself
  • #259,903
  • Oct 11, 2010 4:56pm Oct 11, 2010 4:56pm
Quoting USD-Bear
I use standard lots, for me 1 pip is appr. EUR 7.2 per lot
but how much leverage is that to you,if you don't mind me asking?
  • #259,904
  • Oct 11, 2010 5:00pm Oct 11, 2010 5:00pm
Quoting chazzle
but how much leverage is that to you,if you don't mind me asking?
define your leverage don't understand....
ah I see, acount appr. EUR 50.000 and number of lots traded min. 1 max. 5
Don't be a hero. Don't have an ego. Always question yourself
  • #259,905
  • Oct 11, 2010 5:10pm Oct 11, 2010 5:10pm
Quoting USD-Bear
define your leverage don't understand....
OK - I've got a small account £4k.My minimum trade size with my broker is £0.5.
Already with one position I am using 1.25x leverage as £0.5 per pip is trading with £5k.

With my current trade plan,for example, 3 entries would equal 3x£0.5 or £1.5 per pip which is 3.75x leverage.

I only ask so I can gauge what level of risk experienced traders are taking.

Ultimately,I would love to be able to put on up to 10 entries with 0 leverage and be able to live off the profits...a bit of a way off especially living in London
  • #259,906
  • Oct 11, 2010 5:16pm Oct 11, 2010 5:16pm
Quoting USD-Bear
define your leverage don't understand....
ah I see, acount appr. EUR 50.000 and number of lots traded min. 1 max. 5
thanks - so it looks like 1.4x - 7x (1-5 lots)
  • #259,907
  • Oct 11, 2010 5:16pm Oct 11, 2010 5:16pm
Quoting chazzle
OK - I've got a small account £4k.My minimum trade size with my broker is £0.5.
Already with one position I am using 1.25x leverage as £0.5 per pip is trading with £5k.

With my current trade plan,for example, 3 entries would equal 3x£0.5 or £1.5 per pip which is 3.75x leverage.

I only ask so I can gauge what level of risk experienced traders are taking.

Ultimately,I would love to be able to put on up to 10 entries with 0 leverage and be able to live off the profits...a bit of a way off especially living in London
Sounds prudent to me, better a lot of little steps.....
BTW, you got your 25?
Don't be a hero. Don't have an ego. Always question yourself
  • #259,908
  • Oct 11, 2010 5:21pm Oct 11, 2010 5:21pm
Quoting USD-Bear
Sounds prudent to me, better a lot of little steps.....
BTW, you got your 25?
not yet price is stalling around 50% OCT8 swing low to swing high - I think if it makes it through it might be quite fast,so next step is looking to make that 25 my new stop loss level
  • #259,909
  • Oct 11, 2010 6:19pm Oct 11, 2010 6:19pm
Quoting chazzle
not yet price is stalling around 50% OCT8 swing low to swing high - I think if it makes it through it might be quite fast,so next step is looking to make that 25 my new stop loss level
copy...paste...(into brain)
Attached Image
  • #259,910
  • Oct 11, 2010 6:24pm Oct 11, 2010 6:24pm
Quoting chazzle
starting long again...looking for bounce off the trendline
15871
exit @ BE on first position , quite a bearish few candles on 15m.Still favour long...looking to re-enter
  • #259,911
  • Oct 11, 2010 6:40pm Oct 11, 2010 6:40pm
Quoting chazzle
exit @ BE on first position , quite a bearish few candles on 15m.Still favour long...looking to re-enter
screw it...back to plan A re-entry @ 15872
  • #259,912
  • Oct 11, 2010 6:43pm Oct 11, 2010 6:43pm
Quoting chazzle
copy...paste...(into brain)
Good luck on remembering this candle pattern chaz...

You have the 200EMA on an hourly...have you looked at the rejection line on your M30?

Triggered on the M30, to destination H1.

Relevant time frames, 30m Resist, 1Hr support.
Attached Image (click to enlarge)
Click to Enlarge Name: m30.jpg Size: 228 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #259,913
  • Oct 11, 2010 6:56pm Oct 11, 2010 6:56pm
Quoting Magix
Good luck on remembering this candle pattern chaz...

You have the 200EMA on an hourly...have you looked at the rejection line on your M30?

Triggered on the M30, to destination H1.

Relevant time frames, 30m Resist, 1Hr support.
hearing you Magix - is this what you mean?

(M30)
Attached Image (click to enlarge)
Click to Enlarge Name: hearing.PNG Size: 37 KB
  • #259,914
  • Oct 11, 2010 7:00pm Oct 11, 2010 7:00pm
signing off - lets see in 6 hrs or so...
  • #259,915
  • Oct 11, 2010 7:52pm Oct 11, 2010 7:52pm
Quoting chazzle
signing off - lets see in 6 hrs or so...
hoping the same and still looking for a good long setups....IMHO...we might see some down move in a couple of hours....if the trend still retain as a bullish trend, before london's open we might see some buyer coming in....
  • #259,916
  • Oct 11, 2010 7:57pm Oct 11, 2010 7:57pm
Quoting Mr.Elliott
hoping the same and still looking for a good long setups....IMHO...we might see some down move in a couple of hours....if the trend still retain as a bullish trend, before london's open we might see some buyer coming in....
This thing might find support b/n 1.5848 and 1.5827 if it gets more volatile
  • #259,917
  • Oct 11, 2010 8:32pm Oct 11, 2010 8:32pm
this level is the Fib.which is the extension level of 1.618.
  • #259,918
  • Oct 11, 2010 8:38pm Oct 11, 2010 8:38pm
watching
Attached Image (click to enlarge)
Click to Enlarge Name: 101010.jpg Size: 168 KB
  • #259,919
  • Oct 11, 2010 8:59pm Oct 11, 2010 8:59pm
G/U seems to have very strong support between 5870-5880, any ideas how it would continue?
  • #259,920
  • Oct 11, 2010 10:19pm Oct 11, 2010 10:19pm
North for now, But keep it tight guys!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu1hr.gif Size: 30 KB
371 traders viewing now