Cable Update (GBPUSD) | Page 13863 | 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)

  • #277,241
  • Apr 22, 2011 4:31am Apr 22, 2011 4:31am
[quote=redbeben;4565138][quote=_BBKing_;4565112]
Quoting redbeben
I got 40 pips on the spike

guys I have to stress about it

GU will hit 1.67 and then down

GJ is already preparing a huuuuge down move 12 days from now on

we'll see at least 1200 pips down on GJ
................

for now I invalidate the upmove of GJ
yesterday I said that if we brake the 136.48 level in hte next 28 hours we will go to 1.4010.

now I invalidate it as I can see this brake will not happen.we would need a violent move upwards in the next 4 hours and we would need at least...
so, do you think, now will going downtred into 1.63??
  • #277,242
  • Apr 22, 2011 4:45am Apr 22, 2011 4:45am
Quoting qwertymyfx
hehehe!



Anyway someone just shot me a pm asking how did I determine the price alert & how I picked it.
I can assure you the trade taken were not arbitrary & were based on pre determined levels.
Those who had been trading long enough will know that there are times under thin market conditions ie holidays where spikes occur due to stops being cleared or covering etc, so there is always a chance of these things happening. Now I had set pa at both the i/d mid pivot s/r (chart below) & took to the m1 to see if there is a possibility to scalp. On cable, 2 minutes in after the mid resistance test there was visible weakness with the inverted hammer. I took the short based on that m1 close & placed my stop 4 pips up & took it off when almost 12 pips in. 3:1 p/l ratio is always good odds when scalping.
Hope that helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.PNG Size: 10 KB
Click to Enlarge Name: gum.png Size: 31 KB
Thank You
  • #277,243
  • Apr 22, 2011 4:57am Apr 22, 2011 4:57am
just managed to get $48 profit which is 4.8% increase in ($1K) account . i think its better not to trade anymore, dont want to loose that profit
  • #277,244
  • Apr 22, 2011 4:58am Apr 22, 2011 4:58am
Hi guys

I'm new to trading and specifically Forex.
Is this forum on the GBP/USD Futures?
I thought the markets are closed for Easter?

I'm from South Africa and there is an extended holiday. Any idea when the GBP/USD will re-open?

Cheers and thanks
  • #277,245
  • Apr 22, 2011 5:00am Apr 22, 2011 5:00am
Quoting nsrajesh
just managed to get $48 profit which is 4.8% increase in ($1K) account . i think its better not to trade anymore, dont want to loose that profit
i think maybe ur right.
  • #277,246
  • Apr 22, 2011 5:14am Apr 22, 2011 5:14am
[quote=Skywalk3rz;4565154][quote=redbeben;4565138]
Quoting _BBKing_

so, do you think, now will going downtred into 1.63??
now I only see price going down attracted by the indies to a 1.638 level or even further down to 1.6350

we'll see 1.646 before that

but now with the easter bunny hopping around here better to wait and see what's happening
  • #277,247
  • Apr 22, 2011 6:00am Apr 22, 2011 6:00am
Quoting qwertymyfx
Lol, so everyone on FF today must be a "fool newbie"?
no, just don't know how and when to stay out, over trading
  • #277,248
  • Apr 22, 2011 6:24am Apr 22, 2011 6:24am
Quoting wormboy



Anyway someone just shot me a pm asking how did I determine the price alert & how I picked it.
I can assure you the trade taken were not arbitrary & were based on pre determined levels.
Those who had been trading long enough will know that there are times under thin market conditions ie holidays where spikes occur due to stops being cleared or covering etc, so there is always a chance of these things happening. Now I had set pa at both the i/d mid pivot s/r (chart below) & took to the m1 to see if there is a possibility to scalp. On cable,...
very good n easy to read explaination!
90% of traders use TA, indicators and prediction
  • #277,249
  • Apr 22, 2011 6:37am Apr 22, 2011 6:37am
Quoting redbeben

now I only see price going down attracted by the indies to a 1.638 level or even further down to 1.6350

we'll see 1.646 before that

but now with the easter bunny hopping around here better to wait and see what's happening
uhm,
in recent trades you were 100% right man, max respect to you

i agree in most of your post.
only 2 things i would say/ask...

there is a big confluence of things on 6425 n 6380 lines.
hourly speaking if price goes there on a sell off these days, is possible to see a boost.

on upward i agree on 67 n i think, looking how strong is the move upward) that the 1.70 n 1.73 is not so far...

talkin about method to intercept retailers positions is already known that there are systems to intercept entries, orders, stops etc.
we had demonstration on USD JPY after the summit, how much n how fast has been driven on the market. sincerely, since i trade on markets before 11.nov.2001, its not a new thing that some one drive market, and all others is nothing (......................................)

all this told, i ask you: why you still think in so long term? isn't it enough to predict main levels up n down for the next week or the other?
90% of traders use TA, indicators and prediction
  • #277,250
  • Apr 22, 2011 6:44am Apr 22, 2011 6:44am
is it that red channel a spring mirage or is something to look at?
now i see price sittin on the cross between support n trendline (white dotted) upward.
main support is the green line.

i closed my trades.
only watching if price comes to me..

any other level to add?
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #277,251
  • Apr 22, 2011 6:47am Apr 22, 2011 6:47am
Quoting PoundTrader
no, just don't know how and when to stay out, over trading
ihihihi
so ..... tell us about the reason why you are here
Attached Image
90% of traders use TA, indicators and prediction
  • #277,252
  • Apr 22, 2011 7:32am Apr 22, 2011 7:32am
im short...fridays is better for breakout resistance and support
be patient, self-belief and discipline... stay focus...
  • #277,253
  • Apr 22, 2011 7:35am Apr 22, 2011 7:35am
yesterdays high just shy of 200 fib ext (199.7)
and closed inside 161 fib ext..

Attached Image
  • #277,254
  • Apr 22, 2011 7:37am Apr 22, 2011 7:37am
Quoting Dragonfyre
Hi guys

I'm new to trading and specifically Forex.
Is this forum on the GBP/USD Futures?
I thought the markets are closed for Easter?

I'm from South Africa and there is an extended holiday. Any idea when the GBP/USD will re-open?

Cheers and thanks

It is open... for the gamblers and foolhearted.
  • #277,255
  • Apr 22, 2011 7:41am Apr 22, 2011 7:41am
believe it or not?....
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 36 KB
be patient, self-belief and discipline... stay focus...
  • #277,256
  • Apr 22, 2011 7:59am Apr 22, 2011 7:59am
Quoting _BBKing_
uhm,
in recent trades you were 100% right man, max respect to you

i agree in most of your post.
only 2 things i would say/ask...

there is a big confluence of things on 6425 n 6380 lines.
hourly speaking if price goes there on a sell off these days, is possible to see a boost.

on upward i agree on 67 n i think, looking how strong is the move upward) that the 1.70 n 1.73 is not so far...

talkin about method to intercept retailers positions is already known that there are systems to intercept entries, orders, stops etc.
we had demonstration...

hi there,
thank you for the kind words but please don't follow my trades.
I only post them sometimes with charts in order to let other others know what I am using and what I see.

one of my last trades is still open now on sell EU and there were 2 days already.

as for prediction....I would not call it this way.it sounds to gypsy cristall balling technique

I only see things on my charts.
main levels are the ones I post and on those particular TFS.I could post the smaller TFS ones but only if the appear.
this week I nailed some levels pretty good but for now my next solid informations gathered from the charts are the ones on W, M and D

and the time spans I gave I hope they will be as accurate as they were so far.

I don't use any S and R levels ever as I don't trust them ,I only use trend lines sometimes but they will only give me 80% winnings on brakeout strategy and I only use ichimocku and RSI and stochs.clear and simple

the rest of the TP calculation and pullbacks are purely mathematical,empirical discovered and tested.

I guess this is the answer for your last question.I cannot predict the time when the price will hit a TP unless I see something on the chart and I can tell only the time span ....meaning for ex : GU should hit 1.67 in the next 2 weeks....but I have no clue which day in particular it could happen faster or slower.


p.s. in regards to the sell on GJ that might happen I heard that there will be a recovery of 7 billions for Japan? or trillions or whatever I'm not good at fundies

p.s.2 I can't picture the confluence or never used something like that in my trades.
  • #277,257
  • Apr 22, 2011 8:01am Apr 22, 2011 8:01am
Quoting _BBKing_
ihihihi
so ..... tell us about the reason why you are here
Im not hear to learn, just here to pass time and have a little fun while im trading, why are you hear?
  • #277,258
  • Apr 22, 2011 9:53am Apr 22, 2011 9:53am
and finally down we go on EU
down we go on GU

me might go down 300 pips or even 400

hmmmmm

I say might as I need a clearer view

damn next week might be bear indeed
  • #277,259
  • Apr 22, 2011 9:58am Apr 22, 2011 9:58am
Quoting redbeben
and finally down we go on EU
down we go on GU

me might go down 300 pips or even 400

hmmmmm

I say might as I need a clearer view

damn next week might be bear indeed
300 is more logical

1.6280 and if it breaks that one 1.622
  • #277,260
  • Apr 22, 2011 10:20am Apr 22, 2011 10:20am
Quoting redbeben
and finally down we go on EU
down we go on GU

me might go down 300 pips or even 400

hmmmmm

I say might as I need a clearer view

damn next week might be bear indeed
They probably have finished their business in toilet
550 traders viewing now, 4 are registered:
,
melord
,
johncen
,
ricmaj