Cable Update (GBPUSD) | Page 13040 | 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)

  • #260,781
  • Oct 17, 2010 2:47am Oct 17, 2010 2:47am
The way down was a typical play. 5m resistance to 15m support, 15m chart not shown.


What a weekend education. Great reading on sunday
But that sentence isn't clear to me
  • #260,782
  • Oct 17, 2010 3:24am Oct 17, 2010 3:24am
hopefully its this that you mean, R ema 200 on m5 to S ema 200 on m15 ? The drop under the ema 200 on m5 was the sell trigger to the S ema 200 on the m15 ?
Attached Image (click to enlarge)
Click to Enlarge Name: gu1610.jpg Size: 142 KB
  • #260,783
  • Oct 17, 2010 3:38am Oct 17, 2010 3:38am
Quoting huskyboy
hopefully its this that you mean, R ema 200 on m5 to S ema 200 on m15 ? The drop under the ema 200 on m5 was the sell trigger to the S ema 200 on the m15 ?
I don't want to answer for Magix, but I think you are right. Thanks for the charts, it makes it so much easier to follow.
  • #260,784
  • Oct 17, 2010 4:22am Oct 17, 2010 4:22am
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 96 KB










Red
  • #260,785
  • Oct 17, 2010 4:35am Oct 17, 2010 4:35am

Hello

This my first here

I think

More hikes expected

Steadily 1.5700

Target area 1.6125 & 1.6425
Attached Image (click to enlarge)
Click to Enlarge Name: forex fac 1.gif Size: 60 KB
  • #260,786
  • Oct 17, 2010 4:56am Oct 17, 2010 4:56am
Quoting huskyboy
hopefully its this that you mean, R ema 200 on m5 to S ema 200 on m15 ? The drop under the ema 200 on m5 was the sell trigger to the S ema 200 on the m15 ?
Yes,think thats it huskyboy-I have drawn the rules for engagement on this chart
steps 1-4 with TP being number 5.Magix told me a way of drawing the 200ema from the higher TF and plotting it on the lower TF,in this case to put 200ema 15m on a 5m chart,simply plot a 600ema(because 600 periods on a 5m=200 periods on a 15m),simple eh?
Attached Image (click to enlarge)
Click to Enlarge Name: hsky.jpg Size: 105 KB
  • #260,787
  • Oct 17, 2010 5:09am Oct 17, 2010 5:09am
All this chartology makes my brain go

BOE Will Increase Bond Plan by 100 Billion Pounds, CEBR Says

http://noir.bloomberg.com/apps/news?...eF.5_2hw&pos=7

So, 100 billion GBP means 1.35 or 1.25 GBP/USD ?
________________________________ Errare humanum est
  • #260,788
  • Oct 17, 2010 5:15am Oct 17, 2010 5:15am
Quoting ha-pattern
{each paragraph}

Yeah, perfectionism is still a difficulty for me.

Excellent statement. I've learned and live by this. Kind of redefined the term 'trendline', for me.

Okay, here we go.
I simulator-trade the 1'TF ONLY. Thus, I have a completely different view of "trend". It's just up to down or visa-versa, for me: No trend. All I see from my perspective is bumpy drops where the drops are usually almost indiscernable. So, I draw TL's through some of those bumps into the future.
Recently (the last time being, what, half a year...
the way i see it..everything about trading techicals especially is just there to map price..so u see the direction in which price is moving, nothing is 100% solid. So it is up to the trader to take opportunities where confluence arise

I dont trust trendline much..but they certainly offer a way into the market where u can reduce yur expossure to loss
  • #260,789
  • Oct 17, 2010 5:19am Oct 17, 2010 5:19am
Quoting MisterTrader
:

BOE Will Increase Bond Plan by 100 Billion Pounds, CEBR Says


thanks for that,MT
  • #260,790
  • Oct 17, 2010 5:35am Oct 17, 2010 5:35am
[quote
So, 100 billion GBP means 1.35 or 1.25 GBP/USD ?[/quote]



that better have been a joke..
  • #260,791
  • Oct 17, 2010 9:25am Oct 17, 2010 9:25am
Quoting chazzle
Yes,think thats it huskyboy-I have drawn the rules for engagement on this chart
steps 1-4 with TP being number 5.Magix told me a way of drawing the 200ema from the higher TF and plotting it on the lower TF,in this case to put 200ema 15m on a 5m chart,simply plot a 600ema(because 600 periods on a 5m=200 periods on a 15m),simple eh?
Correct sir, and thanks for posting the chart.

Sorry Husky for not being a lot more clear.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,792
  • Oct 17, 2010 9:41am Oct 17, 2010 9:41am
So chaz, based on this simple 24/200 analysis...

Check out the daily and weekly charts.

Gives an idea of where we could be headed, and the daily support on the 24SMA.

When people go to tell you how laggy the Moving Averages and their crosses are, you just show them where the bear shit in the buckwheat!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 114 KB
Click to Enlarge Name: weekly.jpg Size: 96 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,793
  • Oct 17, 2010 9:54am Oct 17, 2010 9:54am
Quoting nAVIN2007
the way i see it..everything about trading techicals especially is just there to map price..so u see the direction in which price is moving, nothing is 100% solid. So it is up to the trader to take opportunities where confluence arise

I dont trust trendline much..but they certainly offer a way into the market where u can reduce yur expossure to loss
couldn't agree more...trendlines versus moving price, definetely i will choose moving price...is not TL are not good...sometimes they make you think twice about the direction....
  • #260,794
  • Oct 17, 2010 10:03am Oct 17, 2010 10:03am
Quoting wormboy
who woulda thunk ...
The daily now looks mean.

Have a great weekend everyone


p/s : Dayboy, DERBYYYYYY!!!!
You know the game finished and i thought of posting then i thought no i wouldn't because i know how i would've felt had we lost.

I then started looking back over the weekends posts and saw your above post and thought it'd be rude not to.

Bad luck !!

Didn't get to see the game, will have to watch the highlights tonight.

Not good for Liverpool, but i would being lying if i didn't say I was over the moon at the result.

Dayboy.
  • #260,795
  • Oct 17, 2010 10:06am Oct 17, 2010 10:06am
Quoting Magix

When people go to tell you how laggy the Moving Averages and their crosses are, you just show them where the bear shit in the buckwheat!

Lol,will do Mag and now keeping sma24 or 20 on my charts from now on.I think in one example you put 20sma and another 24sma.Is the 24 more accurate as a trigger?Or did I just imagine it?
  • #260,796
  • Oct 17, 2010 10:11am Oct 17, 2010 10:11am
Quoting chazzle
Lol,will do Mag and now keeping sma24 or 20 on my charts from now on.I think in one example you put 20sma and another 24sma.Is the 24 more accurate as a trigger?Or did I just imagine it?
Plotting them both you can see how close they actually are. I originally started with the 24SMA, but depending on my mood might have used a 20EMA on some...24 is my typical standard.

What can I say chaz...I spend so much time in front of my tradestation I can often times be caught blowing bubbles in my spit whilst pulling a soggy tongue.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,797
  • Oct 17, 2010 10:30am Oct 17, 2010 10:30am
Ok thanks mate-catch you later
  • #260,798
  • Oct 17, 2010 11:06am Oct 17, 2010 11:06am
Quoting nAVIN2007
[quote
So, 100 billion GBP means 1.35 or 1.25 GBP/USD ?


that better have been a joke..[/quote]

You gave me one more reason to stick to it... The UK is the most indebted country in the world...everybody living via credit card...savings rate is a disaster...UKīs banking system is catastrophic and heavy indebted...London is losing its financial service center image....hedge funds leaving for Switzerland en masse...austerity measures to kick in Oct 20th...there is absolutely no compelling reason for GBP/USD 1.6000...what a joke....I still donīt get it why Arabic sheiks are paying GBP100 million for worth-"less" real estate in London...50 % income tax rate is a business killer...more pain to come....and what else is UK exporting except Rolly Royce engines for airplanes ?

Quantitative easing nothing else than desperate attempt to export UKīs debt situation via currency devaluation into the global currency system.
________________________________ Errare humanum est
  • #260,799
  • Oct 17, 2010 12:53pm Oct 17, 2010 12:53pm
Quote

You gave me one more reason to stick to it... The UK is the most indebted country in the world...everybody living via credit card...savings rate is a disaster...UKīs banking system is catastrophic and heavy indebted...London is losing its financial service center image....hedge funds leaving for Switzerland en masse...austerity measures to kick in Oct 20th...there is absolutely no compelling reason for GBP/USD 1.6000...what a joke....I still donīt get it why Arabic sheiks...
i will only agreee with what u have said when the technicals line up with it..right now they aint..theres a pin on dailly question is will it trigger..from a fundamental point of view i have no idea

just becarefull not to go on what u think as appossed to what is happening

have a good trading session
  • #260,800
  • Oct 17, 2010 1:01pm Oct 17, 2010 1:01pm
Quoting Magix
Correct sir, and thanks for posting the chart.

Sorry Husky for not being a lot more clear.

the blue line is the ema 550. Magix you dont have to be more clear, i need to be more attentive. Chazzle
Attached Image (click to enlarge)
Click to Enlarge Name: gu1610 1.gif Size: 24 KB
727 traders viewing now, 3 are registered:
alenalex
,
,
CrazyTrades