Cable Update (GBPUSD) | Page 13408 | 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)

  • #268,141
  • Edited 5:11pm Jan 8, 2011 7:01am | Edited 5:11pm
Quoting OldReigatian
Hi Kill

I think you will find that most people left cos it degenerated into everything but a forex thread with big egos not accepting that strategies other than their own could work.

I agree with you it once was the best thread with 80+ traders on here at any one time, now your lucky if it is 20+ and they are all noobies (like me)

It;s a shame as if a few of the egos would have accepted the differing strategies then we could have all learnt from each other.

As an example, Cloggie used to slate everyone who looked to pick tops/bottoms or...

I believe that this thread emptied because of sheep mentality. Nothing to do with ego battles... if that is what they are called. The banter and the battles are what made this thread such an entertaining read. The senior members, are what made it a brilliant learning environment. Thank God some of them are still around.
Meanwile ...i believe that the smart money that went over to euro, in the broader spectrum of institution traders, big retailers and small did so because they anticipated some fast action: Greece, Ireland, Spain, Portugal. errmmm. etc. I think that they will soon be back to cable...not going into the fundermentals other than saying that once the big money comes back into the market next week( traditional back to work time) i believe that cable will gradually resume the lead as the most volatile dollar pairing...the reason we were all here in the first place,no?
The senior members who are getting so much sh*t on eur. thread are also building a well deserved following. All in all i've every confidence that normal service will soon be resumed.
In the meantime...a big round of applause for the excellent traders who have kept this thread going..in no particular order..
Tau Trader, Ctic,Redsword, Chazzle..yehyehyeh, Gsantri, ,bbmac,Ifty,Java, GlobalMacro,Fudomyo, if i've forgotten anyone plz. accept my apologies.
Magix, bbakker,Cloggie, Wormie, Kill, Dr.D,Digger ....you know i love you anyways.... and Cloggs its all your fault..you are on record as saying about end Aug.that "the smart money is in euro". ...whoooosh... all the sheep followed.
Plz bring the smart ones back with you.
All systems of divination, like music itself,work through patterns.
  • #268,142
  • Jan 8, 2011 7:38am Jan 8, 2011 7:38am
Since the news has been a big topic of conversation over the years I am going to perform a little test to see what happens

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

I will only go short, no matter what the charts say.

I will close right after the spike and not carry trade for any length of time. Lets say no more than a 5 or 15 minute candle (haven't decided yet).

I will keep record how many times it went with me, and against me.

It will be interesting to see if I can make money, if it's a 50% ratio of short spikes to long spikes, and what happens.

C.
  • #268,143
  • Jan 8, 2011 7:53am Jan 8, 2011 7:53am
Quoting kaspopsicle

I believe that this thread emptied because of sheep mentality. Nothing to do with ego battles... if that is what they are called. The banter and the battles are what made this thread such an entertaining read. The senior members, are what made it a brilliant learning environment. Thank God some of them are still around.
Meanwile ...i believe that the smart money that went over to euro, in the broader spectrum of institution traders, big retailers and small did so because they anticipated some fast action: Greece, Ireland, Spain, Portugal. errmmm....
Well put...and Thank you.
  • #268,144
  • Jan 8, 2011 8:05am Jan 8, 2011 8:05am
AUD/USD

I know this is off the thread topic, BUT:

Here may be a good carry trade next week. We have a 50% retrace from last month. Hit the bottom wall on this upward channel, and we have a doji. Wait for confirmation and go LONG.

OCO order placed pending market open 1.0025

C.
Attached Image (click to enlarge)
Click to Enlarge Name: au daily.jpg Size: 90 KB
  • #268,145
  • Jan 8, 2011 8:28am Jan 8, 2011 8:28am
Quoting Ctic
Since the news has been a big topic of conversation over the years I am going to perform a little test to see what happens

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

I will only go short, no matter what the charts say.

I will close right after the spike and not carry trade for any length of time. Lets say no more than a 5 or 15 minute candle (haven't decided yet).

I will keep record how many times it went with me, and against me.

It will be interesting to see if I can make money, if it's...
Inspirational thinking, C.
I hope you keep posting your results here or on your thread.
Will you be doing ALL data release i.e. red,orange and yellow or combinations eg 2 x orange on certain agenda = half a red for example?
Seriously interested ..not taking the pease.!
I would offer help on collation but am stuffed for time until the Spring.
Will be with you in spirit though.
All systems of divination, like music itself,work through patterns.
  • #268,146
  • Jan 8, 2011 8:44am Jan 8, 2011 8:44am
Quoting kaspopsicle
Inspirational thinking, C.
I hope you keep posting your results here or on your thread.
Will you be doing ALL data release i.e. red,orange and yellow or combinations eg 2 x orange on certain agenda = half a red for example?
Seriously interested ..not taking the pease.!
I would offer help on collation but am stuffed for time until the Spring.
Will be with you in spirit though.
I haven't worked out all the details yet on the exact specifications of my test but, since I don't want to be married to my computer waiting for the news events, I will have to draw the line in the sand somewhere.

For sure it will only be major news events. Not going to waste my time on a petty one that will only spike 5 pips. SO i.e. red ones on the ff calander.

But since I can't possibly catch all red news events I will at least try to catch the majors..SO..

USD and GBP news events only....

Fed Chairman Ben Dover Bernake speaks
NFP
Unemployment claims
MPC Rate Statement
Official Bank Rate
FOMC Statement
Federal Funds Rate
Advance GDP
Retail & Consumer confidence (possibly)

I may not even be able to catch all of these but I will revise this to work.

I need a programmer that can write me a robot to execute short trades 2 minutes before news and close after the 5 or 15 minutes...lol

C.
  • #268,147
  • Jan 8, 2011 9:14am Jan 8, 2011 9:14am
Quoting Ctic
I haven't worked out all the details yet on the exact specifications of my test but, since I don't want to be married to my computer waiting for the news events, I will have to draw the line in the sand somewhere.

For sure it will only be major news events. Not going to waste my time on a petty one that will only spike 5 pips. SO i.e. red ones on the ff calander.

But since I can't possibly catch all red news events I will at least try to catch the majors..SO..

USD and GBP news events only....

Fed Chairman Ben Dover Bernake speaks
NFP
Unemployment...
I'd be prepared to take half of those on dummy account most days with proviso that i would give 12 hours notice if i couldnt cover them next session. I feel that this is the most fascinating project i've seen or noticed on FF...possibly because i'm so new...possibly because the results will be so dynamic either way that i would love to be involved.
If i can help in any, i'm here.
Meanwhile know a couple of programmers with basic trading skills will contact them on Monday . k
All systems of divination, like music itself,work through patterns.
  • #268,148
  • Jan 8, 2011 9:55am Jan 8, 2011 9:55am
Quoting kaspopsicle
I'd be prepared to take half of those on dummy account most days with proviso that i would give 12 hours notice if i couldnt cover them next session. I feel that this is the most fascinating project i've seen or noticed on FF...possibly because i'm so new...possibly because the results will be so dynamic either way that i would love to be involved.
If i can help in any, i'm here.
Meanwhile know a couple of programmers with basic trading skills will contact them on Monday . k

Wow Kas, that is most generous and I appreciate it. I have one guy that I know that develops robots (granted he hasn't gotten any of them to really take off). But I have a call to him as well. If we can't get a robot for this, which may be difficult since it's a time based thing (and also varying time thing since news reports are released at differnt times) I will have to do it manually, so any help would be appreciated.

I guess I would record the results in a excel spreadsheet and add them up.

Thanks,

C.
  • #268,149
  • Jan 8, 2011 9:55am Jan 8, 2011 9:55am
Quoting Ctic
I haven't worked out all the details yet on the exact specifications of my test but, since I don't want to be married to my computer waiting for the news events, I will have to draw the line in the sand somewhere.
..
I may not even be able to catch all of these but I will revise this to work.
..
C.
If you haven't got one maybe this can help to reminds of high impact news.
Attached Image (click to enlarge)
Click to Enlarge Name: ff-cal.gif Size: 13 KB
Attached File(s)
File Type: mq4 FFCal Scoobs.mq4   47 KB | 304 downloads
  • #268,150
  • Jan 8, 2011 10:01am Jan 8, 2011 10:01am
Quoting gsantri
If you haven't got one maybe this can help to reminds of high impact news.
That could help a bit. Since I don't know much about programming, I wonder if you can use that (or modify to make a trade) right before news releases.

Thanks GS.
  • #268,151
  • Jan 8, 2011 10:03am Jan 8, 2011 10:03am
Quoting Ctic
Wow Kas, that is most generous and I appreciate it. I have one guy that I know that develops robots (granted he hasn't gotten any of them to really take off). But I have a call to him as well. If we can't get a robot for this, which may be difficult since it's a time based thing (and also varying time thing since news reports are released at differnt times) I will have to do it manually, so any help would be appreciated.

I guess I would record the results in a excel spreadsheet and add them up.

Thanks,

C.
Thank you..i'm here..xcept i have to go out for a couple of hours now.. back soonz..
All systems of divination, like music itself,work through patterns.
  • #268,152
  • Jan 8, 2011 10:18am Jan 8, 2011 10:18am
Quoting Ctic
That could help a bit. Since I don't know much about programming, I wonder if you can use that (or modify to make a trade) right before news releases.

Thanks GS.
Neither do I, just found it somewhere here in FF.
I hope other member would help with script or EA programming
  • #268,153
  • Jan 8, 2011 11:08am Jan 8, 2011 11:08am
Gsantri,

If you google Straddle&Trail_v3.1 it will do the job for you and it has flexible settings.

Hope that this helps,
Anthony
  • #268,154
  • Jan 8, 2011 11:12am Jan 8, 2011 11:12am
Sorry gsantri that last post should have been directed to Ctic.

Anthony
  • #268,155
  • Jan 8, 2011 11:41am Jan 8, 2011 11:41am
Quoting glanfx
Gsantri,

If you google Straddle&Trail_v3.1 it will do the job for you and it has flexible settings.

Hope that this helps,
Anthony
Have googled, thanks for help.
As i understand.. this S&T-v3 is an EA signal for entry into a trade. Plz correct me if i am wrong.
What i believe we are looking to do is to collate information on news trading, independent of any EA signal , through our individual chart data feed.
Please keep in touch ..
All systems of divination, like music itself,work through patterns.
  • #268,156
  • Jan 8, 2011 11:54am Jan 8, 2011 11:54am
If you download the mq4 version then open in metaEditor the full details and instructions are placed before the code.

I take your point that this is an EA but as said before it is very flexible.

It has the ability to open trades above and below the price at news time.
Not at a price chosen by the user which may have moved in the minute before news! Place a wide take profit and rely upon the trailing stop (tight) to get you out. It made me money at the Euro spike on Friday.

As I suggest take a look at it in MetaEditor.

Anthony
  • #268,157
  • Jan 8, 2011 12:23pm Jan 8, 2011 12:23pm
Quoting glanfx
If you download the mq4 version then open in metaEditor the full details and instructions are placed before the code.

I take your point that this is an EA but as said before it is very flexible.

It has the ability to open trades above and below the price at news time.
Not at a price chosen by the user which may have moved in the minute before news! Place a wide take profit and rely upon the trailing stop (tight) to get you out. It made me money at the Euro spike on Friday.

As I suggest take a look at it in MetaEditor.

Anthony
Thanks again.
Ctics' post was headed "TEST" as opposed to "I am looking for an EA to trade the news off"
No serious TEST could be run on prices chosen by anyone other than the trader manually or a programme specifically designed for the task.
I am certainly not looking for an EA for any type of trading as i'm sure Ctic isnt. Check out his thread, ...The Boardroom...this guy IS an EA..
All systems of divination, like music itself,work through patterns.
  • #268,158
  • Jan 8, 2011 12:30pm Jan 8, 2011 12:30pm
I stand corrected and will not mention again.

Best Regards

Anthony
  • #268,159
  • Jan 8, 2011 12:43pm Jan 8, 2011 12:43pm
Quoting glanfx
I stand corrected and will not mention again.

Best Regards

Anthony
No problem, thanks for your input.... hang around ...we all misunderstand each other regularly..its all part of the fun.
All systems of divination, like music itself,work through patterns.
  • #268,160
  • Jan 8, 2011 2:04pm Jan 8, 2011 2:04pm
Quoting gsantri
If you haven't got one maybe this can help to reminds of high impact news.
Ok for someone in the forum, I just spoke to the guy I know and he says you can incorporate this indicator into a time block robot, for it to look at this news event, place the pending (or trade) and close it out at a given time no matter what happens.

Not sure if that would work, but it may be worth a try for this test...

Question is: Does anyone know anything about time block robots?
1,111 traders viewing now, 1 is registered:
melord