Cable Update (GBPUSD) | Page 13508 | 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)

  • #270,141
  • Jan 26, 2011 9:30am Jan 26, 2011 9:30am
Quoting smilemiz
eh.. Which one is correct thread..? Cable (update) or Cable 101 ..

eh never mine...

anyway.. guys...to hi everyone..

my 1st post here... this is miza...

I already posting.. for AUDUSD, EURUSD..more... and more.. at before..

But Cable I forgot... my bad

so here i am...

prev. post
http://www.forexfactory.com/showpost...postcount=3935

my update of Cable... .. just giving u some good to share..

thanks

ps hope u all like




GL 2u2



Where Will be ur " V " ...!?

1.62 ?


Put your hands in the air , Give me all your money ! !
  • #270,142
  • Jan 26, 2011 9:36am Jan 26, 2011 9:36am
Quoting smilemiz
eh.. Which one is correct thread..? Cable (update) or Cable 101 ..

eh never mine...

anyway.. guys...to hi everyone..

my 1st post here... this is miza...

I already posting.. for AUDUSD, EURUSD..more... and more.. at before..

But Cable I forgot... my bad

so here i am...

prev. post
http://www.forexfactory.com/showpost...postcount=3935

my update of Cable... .. just giving u some good to share..

thanks

ps hope u all like
I like your chart, its methodical and clean, easy to read and it makes sense.
  • #270,143
  • Jan 26, 2011 9:49am Jan 26, 2011 9:49am
Good day to you,

Here is a song for all the lurkers...

Come on - time to introduce yourselves and start posting away.

Regards
Inserted Video
  • #270,144
  • Jan 26, 2011 10:03am Jan 26, 2011 10:03am
Quoting TauTrader
Good day to you,

Here is a song for all the lurkers...

Come on - time to introduce yourselves and start posting away.

Regards
http://www.youtube.com/watch?v=kK42LZqO0wA
seems fitting for the room
Inserted Video
  • #270,145
  • Edited 11:02am Jan 26, 2011 10:49am | Edited 11:02am
u gotta love it..yesterday moved down like a nutcase, today the thing is like a snail climbing the friggin tree
  • #270,146
  • Jan 26, 2011 10:55am Jan 26, 2011 10:55am
Quoting nAVIN2007
u gotta love..yesterday moved down like a nutcase, today the thing is like a snail climbing the friggin tree
Just going to fetch EU - no problem.

The two of them need to travel together.

Regards
  • #270,147
  • Jan 26, 2011 11:03am Jan 26, 2011 11:03am
Quoting TauTrader
Good day to you,

My exits for short positions have been revised to 1.5900 - from 1.5930.

Regards
Good day,

SL for shorts adjusted back to 1.5945 - the 50% line of last week ( or pivot to others).

Breaking one of the so called rules - NEVER change your SL.

Regards
  • #270,148
  • Jan 26, 2011 11:03am Jan 26, 2011 11:03am
Quoting TauTrader
Just going to fetch EU - no problem.

The two of them need to travel together.

Regards
try chain it to the floor..
  • #270,149
  • Jan 26, 2011 11:24am Jan 26, 2011 11:24am
Quoting TauTrader
Good day,

SL for shorts adjusted back to 1.5945 - the 50% line of last week ( or pivot to others).

Breaking one of the so called rules - NEVER change your SL.

Regards


for gu im still on waiting mode
Verily, in every difficulties there is relief
  • #270,150
  • Jan 26, 2011 11:41am Jan 26, 2011 11:41am
Quoting primzvicious


for gu im still on waiting mode
Good day to you,

you have the right attitude. Unfortunately, price needs to average. That is why people use moving averages. In this case - we need to move back to at least 1.5840. this is where I will look at closing.

Take your time...

Regards
  • #270,151
  • Jan 26, 2011 12:22pm Jan 26, 2011 12:22pm
guys i have a question about the new home sales news;how on earth after the news released the market went opposite direction i mean the news was + on the us side but the market moved up against it. plz tell me why
  • #270,152
  • Jan 26, 2011 12:43pm Jan 26, 2011 12:43pm
Quoting yasi
guys i have a question about the new home sales news;how on earth after the news released the market went opposite direction i mean the news was + on the us side but the market moved up against it. plz tell me why
This has been happening often lately and it also happened like this frequently about 5 years ago.

Whenever there is good news for US, people feel safer and therefore indulge in risker investments--things other than USD, CHF and JPY. Therefore when news is very good for US, often the USD suffers in forex trading.
  • #270,153
  • Jan 26, 2011 12:43pm Jan 26, 2011 12:43pm
Quoting yasi
guys i have a question about the new home sales news;how on earth after the news released the market went opposite direction i mean the news was + on the us side but the market moved up against it. plz tell me why
Good day to you,

In the age of information - news events are most likely priced in before the time. I am not one for forex jargon. Too stupid. News events ( red flagged ones) - only means volatility. Nothing more.

Do not confuse this with fundamentals. Different issue.

They will take price where they want to - irrespective. News events are an "excuse" to do so.

I will be sacrificed for this -

If it did not make sense to you - there will be no reasoning.

Regards and trade well
  • #270,154
  • Jan 26, 2011 1:26pm Jan 26, 2011 1:26pm
can anyone please xplain why today the USD has posted generally good data in my view and there has been no real short movement and now that some data has come out it just became very volatile.

it doesnt make sense to me?
Dream Big and Dare to Fail
  • #270,155
  • Jan 26, 2011 1:33pm Jan 26, 2011 1:33pm
Quoting TauTrader
Good day to you,

In the age of information - news events are most likely priced in before the time. I am not one for forex jargon. Too stupid. News events ( red flagged ones) - only means volatility. Nothing more.

Do not confuse this with fundamentals. Different issue.

They will take price where they want to - irrespective. News events are an "excuse" to do so.

I will be sacrificed for this -

If it did not make sense to you - there will be no reasoning.

Regards and trade well
And let's just sweep the sh*t out of all the small okes. Make it both sides. thank you sir.
  • #270,156
  • Jan 26, 2011 1:36pm Jan 26, 2011 1:36pm
Quoting yasi
guys i have a question about the new home sales news;how on earth after the news released the market went opposite direction i mean the news was + on the us side but the market moved up against it. plz tell me why
Price movement during the event is arbitrary.

The only way to try and trade the news is to trade the traders reaction to it.
  • #270,157
  • Jan 26, 2011 2:48pm Jan 26, 2011 2:48pm
Quoting yasi
guys i have a question about the new home sales news;how on earth after the news released the market went opposite direction i mean the news was + on the us side but the market moved up against it. plz tell me why
somtimes good news for the US will mean traders are willing to take on more risky assets, like the aus and nzd.

the markets response to the news can sometimes seem pretty irrational and un logical.

like yesterday my dad said after watching the news on uk gdp, he said i should be shorting the pound. well look at the chart its made back almost half what it lost. it seems traders viewed the sharp drop as a chance to get in at a good price.
  • #270,158
  • Jan 26, 2011 2:51pm Jan 26, 2011 2:51pm
Low volume buying with +20pip-raising means that there's really no buyers anymore in this session. Fibo61.8 acted as very good retracement. Buyers couldn't brake the resistance.

There's MACD divergence which means that price is heading down - again. The resent rally appeared because shorters took their profits. Now there's very few people that hold shorts which means that we'll head down yesterday - very significantly.

Price has today bounced between Fibo61.8 and Weekly Woodie S1 as retracted from S2.

Placed short as you can see from this picture. My T1 is 1.5740 and T2 1.5620 and SL 1.5930:
http://img6.imageshack.us/img6/2600/...vollonging.png

I may be wrong but a Risk/Reward-ratio of my trade is absolutely fantastic.
  • #270,159
  • Jan 26, 2011 3:02pm Jan 26, 2011 3:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 65 KB
  • #270,160
  • Jan 26, 2011 3:44pm Jan 26, 2011 3:44pm
Quoting matlock
Low volume buying with +20pip-raising means that there's really no buyers anymore in this session. Fibo61.8 acted as very good retracement. Buyers couldn't brake the resistance.

There's MACD divergence which means that price is heading down - again. The resent rally appeared because shorters took their profits. Now there's very few people that hold shorts which means that we'll head down yesterday - very significantly.

Price has today bounced between Fibo61.8 and Weekly Woodie S1 as retracted from S2.

.....

I may be wrong but a Risk/Reward-ratio...
Gosh, it hit the stop-loss. But yeah, got to change to the plan B since nothing have happened to the volume. Stop-loss seemed to be too tight - didn't expect such a dumb move. But I think I'm gonna open an another one as the next hourly chart closes since the volume is still relatively low.
589 traders viewing now, 6 are registered:
bolivarfx
,
,
,
makeme
,
ndtrunghieu
,