Cable Update (GBPUSD) | Page 13876 | 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)

  • #277,501
  • Apr 26, 2011 9:44pm Apr 26, 2011 9:44pm
Quoting GBP Trader
Good morning

Analysis of your extraordinary sir. May I know how you know or calculate that prices may not fall lower than 1.64xx while at the same time I think of H4 to the M1 is still supportive to prices continue to move down? Is this what you mean 1.6440 buy-dip? Or you better suggesting Sell-Top in 1.66xx? In your opinion is it possible to move prices 1.66xx on today or this week sir?

Thank You.


Best Regards

San
Good day to you, San

I can only look at areas where price can bounce / break. Trading from probable extremes is what you want to do. I have scratched on FF and I include an indicator found here in the open forum.

I have played a bit with the settings. The settings I have included in the screenshot. I have marked the points where price touched the bands. These are probable extremes. Can be useful to look at areas where a possible buy may work, or where a possible sell may work.

Couple this with trend and you have a good basis to start working from. On the screenshot, you can see I have marked the the best possible areas to look for long, and for short. BUT ONLY A GUIDE.

Play with the settings and timeframes and see if you can make it work for you. This is just a very simple suggestion to assist you.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 11111.gif Size: 28 KB
Attached File(s)
File Type: ex4 TMAC.ex4   10 KB | 361 downloads
  • #277,502
  • Edited 10:05pm Apr 26, 2011 10:05pm | Edited 10:05pm
hi.. in daily chart is it a high wave - bullish??
  • #277,503
  • Apr 26, 2011 10:10pm Apr 26, 2011 10:10pm
can we expect this as still 1H down trend is not yet broken..??
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.jpg Size: 89 KB
  • #277,504
  • Apr 26, 2011 10:30pm Apr 26, 2011 10:30pm
Good day to you,

GU is a bit inbetween for me at present. Not a good place now to get into a trade. It does seem to have some downward pressure. Could look for a sell @ 1.6530 - 1.6540 if we go back there.

Leaving buys for now.

Will look at other pairs for now - to see if there is something to trade

Regards
  • #277,505
  • Apr 27, 2011 12:07am Apr 27, 2011 12:07am
Quoting ndsouz
Go for it, if you think the value of GBP gonna go up. I do not know if your british or american. but if your american you could open up a forex account in GBP as a base currency. Deposit 165,000 USD for 100,000 GBP at exchange rate of 1.65. Then if you anticipated GBP will go to 1.67-68, withdraw 100,000 GBP for USD @ 1.68 = 168000 USD.

SO that would mean a 3000 gain.

Off-course there is no fee at all to do this in a forex account, unless you decide to trade that money. But i guess there may be some bank transfer fees involved maybe 30USD to send/recieve...
Thank you ndsouz for taking the time to help me out! I am actually in the UK so my base currency is GBP. By any chance would I be able to PM you about specific steps to do this, best brokers etc. Much appreciated. Kind Regards
  • #277,506
  • Apr 27, 2011 12:38am Apr 27, 2011 12:38am
Hi Guys

Public holiday here in south africa. Price action is not very good at the moment for my system. No big trade this morning. I have just take a small buy on gu but it is only a schalping trade for a few pips. Enjoy your day and take care and let the pips be with you
  • #277,507
  • Apr 27, 2011 12:50am Apr 27, 2011 12:50am
Good morning, happy to see someone from SA. Vasbyt!
  • #277,508
  • Apr 27, 2011 1:03am Apr 27, 2011 1:03am
Quoting PoundTrader
yes, im short 1.6523 with t/p at 1.6287
im still short at 1.6523, s/l 1.6715, t/p 1.6287
  • #277,509
  • Apr 27, 2011 1:39am Apr 27, 2011 1:39am
Hello, guys. My 4H chart:

http://img233.imageshack.us/img233/5073/unledlg.png


Do you agree with me, with me?

John
  • #277,510
  • Apr 27, 2011 1:40am Apr 27, 2011 1:40am
Quoting TauTrader
Good day to you, San

I can only look at areas where price can bounce / break. Trading from probable extremes is what you want to do. I have scratched on FF and I include an indicator found here in the open forum.

I have played a bit with the settings. The settings I have included in the screenshot. I have marked the points where price touched the bands. These are probable extremes. Can be useful to look at areas where a possible buy may work, or where a possible sell may work.

Couple this with trend and you have a good basis to start working from. On the screenshot, you can see I have marked the the best possible areas to look for long, and for short. BUT ONLY A GUIDE.

Play with the settings and timeframes and see if you can make it work for you. This is just a very simple suggestion to assist you.

Regards

Good afternoon sir

Thank you for the indicators that you send. I've put it into my chart and looks exactly like the picture you sent. I also had replaced his period exactly as you write. Hopefully, this indicator can help me analyze the movement of GBP. Until now I still think that the GBP will still fall below 1.6400 may be even yet have the support of D1. Hopefully, my guess is correct, but somehow I do not know when it drops to that price. What is clear is not going to fly into the range above 1.66xx for now. I just saw the MACD that prices still moving down. What would you say to this day sir? Thank You.

Best Regards

San
  • #277,511
  • Apr 27, 2011 1:51am Apr 27, 2011 1:51am
Seems like gbpusd might be loosing some strength,

if only there is another confirmation of the resistance at 1.6510 lvl

another up to test the level again... :-)
The market will deceive you. Make your own judgement.
  • #277,512
  • Apr 27, 2011 1:52am Apr 27, 2011 1:52am
Quoting JohnFX_King
Hello, guys. My 4H chart:


Do you agree with me, with me?

John
hello,
yes i agree... need to close above there to go higher again!
90% of traders use TA, indicators and prediction
  • #277,513
  • Apr 27, 2011 1:57am Apr 27, 2011 1:57am
Quoting PoundTrader
im still short at 1.6523, s/l 1.6715, t/p 1.6287
morning,
6287? so down you think it will go
90% of traders use TA, indicators and prediction
  • #277,514
  • Apr 27, 2011 2:03am Apr 27, 2011 2:03am
Quoting _BBKing_
morning,
6287? so down you think it will go
morning

lower than that I will post chart later
  • #277,515
  • Apr 27, 2011 2:07am Apr 27, 2011 2:07am
Quoting redbeben
morning

lower than that I will post chart later
uhm...
looking at it, the 6500-6520 works as resistance.
later is Q1 GDP...
if it goes out positive can be first step for increase rates.
90% of traders use TA, indicators and prediction
  • #277,516
  • Apr 27, 2011 2:21am Apr 27, 2011 2:21am
isn't it something like that?
i still expect above 6500 before another down.

maybe 6550 or 6580.
then a try in 6380 where can find h4 sma n ema200
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 24 KB
90% of traders use TA, indicators and prediction
  • #277,517
  • Apr 27, 2011 2:36am Apr 27, 2011 2:36am
Quoting TauTrader

I can only look at areas where price can bounce / break. Trading from probable extremes is what you want to do. I have scratched on FF and I include an indicator found here in the open forum.
Cool indicator, could not find any info when searching with Google, so could you give a link from where did you found that indicator.

Thanks.
  • #277,518
  • Apr 27, 2011 2:38am Apr 27, 2011 2:38am
Quoting TauTrader
Good day to you, San

I can only look at areas where price can bounce / break. Trading from probable extremes is what you want to do. I have scratched on FF and I include an indicator found here in the open forum.

I have played a bit with the settings. The settings I have included in the screenshot. I have marked the points where price touched the bands. These are probable extremes. Can be useful to look at areas where a possible buy may work, or where a possible sell may work.

Couple this with trend and you have a good basis to start working...

Hi Tau,
Thanks for sharing this when I drop it in my mt4 indicator folder I cant see it in the list though anyone any ideas?
  • #277,519
  • Apr 27, 2011 2:42am Apr 27, 2011 2:42am
here is my view
as stated in previous posts about the time span.we are closing to them.
50% confirmation so far as we have a cross on H4
now we need to brake the cloud in that circled area and as soon as one candle closes under 1.6380 level then we will go to TP1 ,TP2 and TP3

from 1.6163-55 area (I see it as 6155 as last stop but put the last TP at 1.618X area)we go up at least 100 pips up as a first TP,second TP at 50 pips more meaning 150 from bottom 1.6155 and third TP 1.637-8 area

now I am just wating for the other 50% confirmation in the next 8-16 h
16 h is exagerated as if it happens then it's a no go for me even if it brakes the 1.638 level
Attached Image (click to enlarge)
Click to Enlarge Name: H4GU sell.JPG Size: 195 KB
  • #277,520
  • Apr 27, 2011 2:46am Apr 27, 2011 2:46am
Quoting _BBKing_
uhm...
looking at it, the 6500-6520 works as resistance.
later is Q1 GDP...
if it goes out positive can be first step for increase rates.
If it breaks 16400 that means Bear owned Bull (downtrend)

what do you think ?
{Promotion Removed}
260 traders viewing now, 1 is registered:
harryatrader