Cable Update (GBPUSD) | Page 13368 | 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)

  • #267,341
  • Dec 26, 2010 9:30pm Dec 26, 2010 9:30pm
Quoting Magix
Um, I see us holding hourly support here GS.

IF we trigger long and bust threw daily roll, we could see a chart shape something like the one posted....

Not telling you to buy, but the big boys are still sitting outa market, expect there to be a few crazy whips.

Yes, I see that Magix.
Current low could be the turning point. Let's see where the candles will close.

Hey I'm thinking of joining The Voodoo Club lol...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nene-2712.gif Size: 14 KB
Click to Enlarge Name: voodoo-2712.gif Size: 19 KB
  • #267,342
  • Dec 26, 2010 9:42pm Dec 26, 2010 9:42pm
Quoting gsantri
Yes, I see that Magix.
Current low could be the turning point. Let's see where the candles will close.

Hey I'm thinking of joining The Voodoo Club lol...
Looks like support is holding and a few more pips to daily roll...will we see the break?

Nice charting GS...one thing, I think you need to adjust your daily open indicator...it don't quite line up to anything I got.
Attached Image (click to enlarge)
Click to Enlarge Name: fewmore.jpg Size: 59 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,343
  • Dec 26, 2010 10:04pm Dec 26, 2010 10:04pm
Quoting Magix
Looks like support is holding and a few more pips to daily roll...will we see the break?

Nice charting GS...one thing, I think you need to adjust your daily open indicator...it don't quite line up to anything I got.
Yes, I tried to leave it by zero as my broker time is London.

Now it changed to 22.00 GMT and here's the chart..

btw, what MA u have there act as a support?
Attached Image (click to enlarge)
Click to Enlarge Name: nene-2712b.gif Size: 14 KB
  • #267,344
  • Dec 26, 2010 10:09pm Dec 26, 2010 10:09pm
Quoting gsantri
Yes, I tried to leave it by zero as my broker time is London.

Now it changed to 22.00 GMT and here's the chart..

btw, what MA u have there act as a support?
Indicator attached. Set to 168.
Attached File(s)
File Type: ex4 NonLagMA_v7.1.ex4   8 KB | 280 downloads
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 284 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,345
  • Dec 26, 2010 10:41pm Dec 26, 2010 10:41pm
Quoting Magix
Indicator attached. Set to 168.
Got it. Thanks Master
  • #267,346
  • Edited Dec 27, 2010 4:11am Dec 26, 2010 10:53pm | Edited Dec 27, 2010 4:11am
I LONG gu at the open price of monday with suitable stop loss and take profit at 1.5560.Monday open price on my chart of lite forex is 1.5441.So that is a profit potential of about 120 pips if all things go well.

As we can see from the daily chart;

1.The 5,3,3 stochs has crossed up already from oversold region

2.The bullish fractal has formed.

So if the information from the stochs and fractals is true and the attractive FORCE from fibonacci 38.2 holds,then we may move up to 1.5565 or even more.A move below 1.5354 invalidates this bullish view and calls for another analysis.For now,recovery towards fibo 38.2 at 1.5565 is in view.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 13 KB
  • #267,347
  • Dec 26, 2010 11:13pm Dec 26, 2010 11:13pm
Quoting gsantri
Got it. Thanks Master
Notice the 5m chart for supports with the 168?

We are below daily roll, so the day is negative. EU has bought up nicely and is supported by daily roll as of current. EG favoring the bulls right now so Euro have the strength, 1hr chart....IF EU holds support, we could still see the same from cable and trigger for attempts at closing the 5m 200EMA and then onto daily roll....
Attached Image (click to enlarge)
Click to Enlarge Name: cable5.jpg Size: 51 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,348
  • Dec 26, 2010 11:57pm Dec 26, 2010 11:57pm
Quoting Magix
Notice the 5m chart for supports with the 168?

We are below daily roll, so the day is negative. EU has bought up nicely and is supported by daily roll as of current. EG favoring the bulls right now so Euro have the strength, 1hr chart....IF EU holds support, we could still see the same from cable and trigger for attempts at closing the 5m 200EMA and then onto daily roll....
And so far this is what looks like might be happening.

EU held daily rollover...Cable stayed above long support on 5m and both are moving up for cable to attack the 5m 200...
Attached Image (click to enlarge)
Click to Enlarge Name: eugu.jpg Size: 109 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,349
  • Dec 27, 2010 12:00am Dec 27, 2010 12:00am
Quoting Magix
Notice the 5m chart for supports with the 168?

We are below daily roll, so the day is negative. EU has bought up nicely and is supported by daily roll as of current. EG favoring the bulls right now so Euro have the strength, 1hr chart....IF EU holds support, we could still see the same from cable and trigger for attempts at closing the 5m 200EMA and then onto daily roll....
Sorry for delay replying.
Yes I saw that EU train just leaving.. and GU trying to catch up now.
breaking 200 ema..!
  • #267,350
  • Dec 27, 2010 12:06am Dec 27, 2010 12:06am
Quoting gsantri
Sorry for delay replying.
Yes I saw that EU train just leaving.. and GU trying to catch up now.
breaking 200 ema..!
The benefits of toggling the time frames and watching multiple trade pairs.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,351
  • Dec 27, 2010 12:15am Dec 27, 2010 12:15am
Quoting Magix
The benefits of toggling the time frames and watching multiple trade pairs.

No doubt.
and EJ trying to break 168-200 support by 15 above daily roll..
Attached Image (click to enlarge)
Click to Enlarge Name: ej-m5.gif Size: 16 KB
  • #267,352
  • Dec 27, 2010 12:19am Dec 27, 2010 12:19am
Quoting gsantri
No doubt.
and EJ trying to break 168-200 support by 15 above daily roll..
And notice how they are holding at resistance...

GJ daily roll, EJ 5m 200....
Attached Image (click to enlarge)
Click to Enlarge Name: gjej.jpg Size: 97 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,353
  • Dec 27, 2010 12:21am Dec 27, 2010 12:21am
Quoting gsantri
No doubt.
and EJ trying to break 168-200 support by 15 above daily roll..
These are the places that when you are trading off the shorter term time frames, you will exit a position and wait for a clear, or move you SL to BE so your ass is covered.

Depending on your MM, you may be trading 2 positions, letting one go at s/r and allowing the other to see if clears the range.

Not going to tell you how to trade...just ideas to throw around is all....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,354
  • Dec 27, 2010 12:37am Dec 27, 2010 12:37am
Quoting Magix
These are the places that when you are trading off the shorter term time frames, you will exit a position and wait for a clear, or move you SL to BE so your ass is covered.

Depending on your MM, you may be trading 2 positions, letting one go at s/r and allowing the other to see if clears the range.

Not going to tell you how to trade...just ideas to throw around is all....
in that case i prefer to close 70% of volume, move SL to BE.
After a clear break confirmed, I may re-enter.

its always easy to say
  • #267,355
  • Dec 27, 2010 12:53am Dec 27, 2010 12:53am
Quoting gsantri
in that case i prefer to close 70% of volume, move SL to BE.
After a clear break confirmed, I may re-enter.

its always easy to say
This shit takes time mango...Nothing happens overnight.

Gotta learn to walk before you run and hey, if ya take a false trigger or a little loss...shake it off, move along. No biggie.

Here is my EU topside target...right on track...
Guess how many people after watching these charts have shorted all the way up....

LOL

http://www.forexfactory.com/showpost...stcount=352235
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,356
  • Dec 27, 2010 1:07am Dec 27, 2010 1:07am
Quoting gsantri
Good morning C,
Although I see bullish div now on Daily chart but with low liquidity week, NO I have no bias. There's always something to be blame lol..

I posted the Oct 19 chart just to reminds of the day how fool I am trying to catch a knife before realized that was a sharp samurai sword falling.

Happy New Year C. More green 2011 for you

Regards.
Agreed, As we have not broken this channel here (I posted a chart somewhere back last week), it is hard to have a bias. Although I do believe it will break out to the bottom side once it does, I have to wait for it to confirm that... which it may not do until after the new year. I have found that news events don't usually matter, they tend to move the price in the direction it was going to go anyways. Whether it be a retrace to enter at a better price, or continue the trend. But your right, there is alwasy some reason the charts move in some direction. lol..

Happy New Year to you as well, hope the new year brings good profits.

C.
  • #267,357
  • Dec 27, 2010 1:13am Dec 27, 2010 1:13am
Quoting Magix
This shit takes time mango...Nothing happens overnight.

Gotta learn to walk before you run and hey, if ya take a false trigger or a little loss...shake it off, move along. No biggie.

Here is my EU topside target...right on track...
Guess how many people after watching these charts have shorted all the way up....

LOL

http://www.forexfactory.com/showpost...stcount=352235
Lol.

and the target HIT..

Thank you Magix, you really a Master

I hope every noob here learned well as me
  • #267,358
  • Dec 27, 2010 1:30am Dec 27, 2010 1:30am
Quoting Ctic
Agreed, As we have not broken this channel here (I posted a chart somewhere back last week), it is hard to have a bias. Although I do believe it will break out to the bottom side once it does, I have to wait for it to confirm that... which it may not do until after the new year. I have found that news events don't usually matter, they tend to move the price in the direction it was going to go anyways. Whether it be a retrace to enter at a better price, or continue the trend. But your right, there is alwasy some reason the charts move in some...
Ah other great voodoo trader is here..
Yes I noticed that also lately.

I visited The Boardroom and really comfortable there, especially when you back actively there. Good place to learn.

Thanks C
  • #267,359
  • Dec 27, 2010 1:36am Dec 27, 2010 1:36am
Quoting gsantri
Lol.

and the target HIT..

Thank you Magix, you really a Master

I hope every noob here learned well as me
Hey, GS...

Current chart looking kinda familiar hey?

As long as daily roll holds, there could just be a shift in strength on EG and cable play out a little like I posted earlier...

Chart 1, forecast
Chart 2, current.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cableh.jpg Size: 61 KB
Click to Enlarge Name: cableh1.jpg Size: 123 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,360
  • Dec 27, 2010 1:56am Dec 27, 2010 1:56am
Quoting Magix
Hey, GS...

Current chart looking kinda familiar hey?

As long as daily roll holds, there could just be a shift in strength on EG and cable play out a little like I posted earlier...

Chart 1, forecast
Chart 2, current.
Now it is below daily roll. is it a retest/pullback or..?
392 traders viewing now