Cable Update (GBPUSD) | Page 13376 | 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)

  • #267,501
  • Dec 28, 2010 6:16pm Dec 28, 2010 6:16pm
Quoting chazzle
Shit - all we need is a programmer and we can develop the Jackson Pollack Indicator , the JPI - could well be the next holy grail
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,502
  • Dec 28, 2010 6:28pm Dec 28, 2010 6:28pm
Quoting Magix
Ahhh yes Ctic...

Taken directly from "The Jackson Pollock School of Forex Charting"...

An interesting approach to be sure!


So you know where I went to school??? Your familiar with their work... LMFAO....
  • #267,503
  • Dec 28, 2010 6:29pm Dec 28, 2010 6:29pm
Quoting chazzle
Shit - all we need is a programmer and we can develop the Jackson Pollack Indicator , the JPI - could well be the next holy grail
  • #267,504
  • Dec 28, 2010 6:32pm Dec 28, 2010 6:32pm
Quoting chazzle
I'm going long - looks like a bottom pick , honestly it isnt
It does appear so...
  • #267,505
  • Dec 28, 2010 6:44pm Dec 28, 2010 6:44pm
Quoting Ctic
It does appear so...
No - I just convinced myself to go long after my previous reply to you about H&S , DX , etc. moving my stop up to just below BE
  • #267,506
  • Dec 28, 2010 7:01pm Dec 28, 2010 7:01pm
wow.too funny. But yea, I hear you ctic. Just some people I guess.
I'm also with you with how the usd/chf isn't following the usual correlation it has with fibre.I've been working at getting better with correlation relationship trading, but this one is throwing me off. I've also been trying to work the usd/yen but get burned with it as well.

I think it might be best to just wait until after the new year starts, but if you look at charts at the end of the day you see some really good setups.I'll hopefully be up and running with mbtrading by then as well.I've researched and noticed that you might have to pay a little more for a trade,but overall its worth it.
  • #267,507
  • Dec 28, 2010 7:08pm Dec 28, 2010 7:08pm
Quoting Ineedpips9
wow.too funny. But yea, I hear you ctic. Just some people I guess.
I'm also with you with how the usd/chf isn't following the usual correlation it has with fibre.I've been working at getting better with correlation relationship trading, but this one is throwing me off. I've also been trying to work the usd/yen but get burned with it as well.

I think it might be best to just wait until after the new year starts, but if you look at charts at the end of the day you see some really good setups.I'll hopefully be up and running with mbtrading by then...
that doesn't seem to be the only correlation that's broken. DJIA/SP500 is diverging away from Cable/Fibre
  • #267,508
  • Dec 28, 2010 7:13pm Dec 28, 2010 7:13pm
Quoting Eulogy
that doesn't seem to be the only correlation that's broken. DJIA/SP500 is diverging away from Cable/Fibre
true. true. But since I'm new to trying to play correlations, I stick to just different currency pairs.When I'm at school I sometimes pop into the business school building and see what the djia/sp500 are doing to see what cable/fibre is doing. But now, it's anybody's guess. Hopefully its just because of the holidays.
  • #267,509
  • Dec 28, 2010 7:19pm Dec 28, 2010 7:19pm
Eulogy, how do you like oanda? I'm with them now and although I do LOVE the spreads, I can't help but to notice the huge difference between their pa and others on mt4. I still do my charting with my fxsol demo for the 4 decimal pricing or my live account with IBFX. I just can't take the 4 pip cable spread on ibfx. But the charting on oanda is too off for me. I wish for my birthday (dec. 17) or christmas I could've gotten oanda to have mt4.My gold trading is a nice treat though with oanda.
  • #267,510
  • Dec 28, 2010 7:30pm Dec 28, 2010 7:30pm
Will cable start big rising up till the end of a year?
What do you think?
  • #267,511
  • Dec 28, 2010 7:34pm Dec 28, 2010 7:34pm
Quoting Ineedpips9
Eulogy, how do you like oanda? I'm with them now and although I do LOVE the spreads, I can't help but to notice the huge difference between their pa and others on mt4. I still do my charting with my fxsol demo for the 4 decimal pricing or my live account with IBFX. I just can't take the 4 pip cable spread on ibfx. But the charting on oanda is too off for me. I wish for my birthday (dec. 17) or christmas I could've gotten oanda to have mt4.My gold trading is a nice treat though with oanda.
Oanda suits my purposes just fine. Generally low spreads, no commision, no requotes, minimal slippage. Only thing that bugs me is the fact they have a limited history, no volume and no W1 or M1 charts. I use MT4 demo for charting to make up for it. PA is slightly different, I've frequently noticed that MT4 prices are always around 5-15 pips below that of Oanda's (no effect on spreads) and this varies across different pairs. Just a strange quirk that i've had to keep in mind when looking at my MT4 charts and trading off the Oanda platform.
  • #267,512
  • Dec 28, 2010 7:38pm Dec 28, 2010 7:38pm
Quoting Eulogy
Oanda suits my purposes just fine. Generally low spreads, no commision, no requotes, minimal slippage. Only thing that bugs me is the fact they have a limited history, no volume and no W1 or M1 charts. I use MT4 demo for charting to make up for it. PA is slightly different, I've frequently noticed that MT4 prices are always around 5-15 pips below that of Oanda's (no effect on spreads) and this varies across different pairs. Just a strange quirk that i've had to keep in mind when looking at my MT4 charts and trading off the Oanda platform.

yea it absolutely took me a long time to get used to the chart difference. Lost a few pips trying to make my trades like I was on mt4.
  • #267,513
  • Dec 28, 2010 7:41pm Dec 28, 2010 7:41pm
Quoting rome777
Will cable start big rising up till the end of a year?
What do you think?
Certainly not a definitive answer however my bias is that Cable will hang around this range for the next few days. The European FX selloff seems to be triggered by the failed ECB auction earlier today although YM/ES uptick certainly was bewildering given the very bad data released. My thought is that YM/ES will be given the tank once volume comes back into the market. The first pairs that should be hit and most likely hit the hardest by this move would be AU and NU who up to now seem to have resisted any downside. GU and EU should hang around a bit before joining the party.
  • #267,514
  • Dec 28, 2010 8:13pm Dec 28, 2010 8:13pm
Quoting Eulogy
Certainly not a definitive answer however my bias is that Cable will hang around this range for the next few days. The European FX selloff seems to be triggered by the failed ECB auction earlier today although YM/ES uptick certainly was bewildering given the very bad data released. My thought is that YM/ES will be given the tank once volume comes back into the market. The first pairs that should be hit and most likely hit the hardest by this move would be AU and NU who up to now seem to have resisted any downside. GU and EU should hang around a...
A/u n/u have historically been good because of their high interest rates. Face it, if you had an extra billion or two lying around would you want to keep it in the US that pays shit or put it in the country with the highest interest rates.... there are other reasons too but that is a big one.
  • #267,515
  • Dec 28, 2010 8:34pm Dec 28, 2010 8:34pm
Quoting Ctic
A/u n/u have historically been good because of their high interest rates. Face it, if you had an extra billion or two lying around would you want to keep it in the US that pays shit or put it in the country with the highest interest rates.... there are other reasons too but that is a big one.
perhaps, but certainly aus economy has pretty much flatlined in the last few months. retails particularly have had it tough this xmas and the housing boom that's been feeding the economy has stayed at the same level for the past year now. China's not going to be continuously feeding Australia for much longer especially with their own rate hikes and the expensive A$.

Can't say much about the Kiwi though, that economy's so small and shallow that even a single yard will push it to crazy high/lows.

Betting on rampant inflation coming the US soon with the 'shit' interest rates.
  • #267,516
  • Dec 28, 2010 9:09pm Dec 28, 2010 9:09pm
Quoting Beljevina
Fairly decent bounce off a short-term daily TL and a wicky candle. 165 pip daily range, NY moves typically over by now, so we may be done. Tryin' long, with a BE (perhaps) just below the last low. Partial TP at 1.54 and we'll see what Asia wants to do.
Quoting Beljevina
Took some minimal pips up to 1.538 and outta the rest; Asia wants to get in on the ECB mess of today & will like push this down further.
Arghh! Current price: 1.54, right up against the DPP.

Grr ... Note to self: stay in the trade! This Asia timeframe I find is love it and hate it, all at the same time!

Now, usually the DPP is a bounce, and often Asia PA brings things back right where we started, which, I would expect to get revisited, before he with the most moving power decides what next.
  • #267,517
  • Dec 28, 2010 9:17pm Dec 28, 2010 9:17pm
would you agree guys that the cable will bounce to 5600 this day?
cos the stochastic is pointing up in h1 and also in h4 is nearly cross and the daily chart is in in the over sold area!!!!!
for me the fist stop will be in 5425if breaks it goes to 5600level what you think guys?
  • #267,518
  • Dec 28, 2010 9:22pm Dec 28, 2010 9:22pm
caught in the slide yesterday and loss 80 pips. Long it this morning and is bouncing back. Whats your sentiments?
  • #267,519
  • Dec 28, 2010 9:39pm Dec 28, 2010 9:39pm
Quoting Kelisa
caught in the slide yesterday and loss 80 pips. Long it this morning and is bouncing back. Whats your sentiments?
same with me,,
until now I'm still floating minus 50 pips
only an analysis, and I'm always wrong, don't follow me,
  • #267,520
  • Dec 28, 2010 9:43pm Dec 28, 2010 9:43pm
Quoting andelumut
same with me,,
until now I'm still floating minus 50 pips
same here guys
83 traders viewing now