Cable Update (GBPUSD) | Page 14044 | 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)

  • #280,861
  • Jun 8, 2011 2:54am Jun 8, 2011 2:54am
not trading this, but after the bounce off the 4h trendline, we are now seeing a bullish continuation at the 6380 level.
Looks like we are going back to the next level and DP at 6414.

Ridge
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5m.jpg Size: 72 KB
  • #280,862
  • Jun 8, 2011 2:54am Jun 8, 2011 2:54am
Quoting monkey@forex
morning folks...DONT panic about cable, its just stuck in a range at the moment between 1.6350-450. FUNDAMENTALLY has anything changed? NO...the US economy hasnt improved, so no dollar strength, and the chances of QE2 in britain unlikely as we got no money, chance of interest rise more likely what with inflation and housing market, an interest rate rise isnt going to have that much effect, due to the fact no-one is selling anyway, a 0.25% increase wont cause that much effect right now, so im bullish on cable till JUNE end, then when USA QE2 ends...
Thats all very well in the longer term - but dude im riding this cable for all the pips it'll give me on the way up - and im getting more & more ready to get short if it breaks the levels on my chart....Obviously everyone has their own styles but i love trading around my fundamental long term opinions. keynes tried trading purely from fundies - DIDN'T WORK!

- i think we're going to get a great setup reeeeeeeeeeeeeeeeeally soon can't wait

What are your balance up for this year? percentage wise?
  • #280,863
  • Jun 8, 2011 3:02am Jun 8, 2011 3:02am
so... finally, im based on this
lets see which levels will be broken first.
dont anticipate it! i will go with market!!

in the middle i will scalp
comments are welcome
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 29 KB
90% of traders use TA, indicators and prediction
  • #280,864
  • Jun 8, 2011 3:05am Jun 8, 2011 3:05am
Quoting _BBKing_
so... finally, im based on this
lets see which levels will be broken first.
dont anticipate it! i will go with market!!

in the middle i will scalp
comments are welcome
I'm looking at a v.similair chart...just got to wait for it then ride the wave - i'm tempted to put on positions or at least stop orders but MUST RESIST haha

i'll just go put on some price alerts & get some brekky
  • #280,865
  • Jun 8, 2011 3:11am Jun 8, 2011 3:11am
Quoting Walker93
I'm looking at a v.similair chart...just got to wait for it then ride the wave - i'm tempted to put on positions or at least stop orders but MUST RESIST haha

i'll just go put on some price alerts & get some brekky

yes! 100% agree
as i remember this is one of the worst patterns which can happen.
until in the middle i will only scalp m1 + m5 charts

the big matter is that a lot of majors are in this kind of ranging in the middle of the year......
90% of traders use TA, indicators and prediction
  • #280,866
  • Jun 8, 2011 3:16am Jun 8, 2011 3:16am
Quoting ricmaj
Watch out for

Price 1.6391 break to confirm full time bearish all day
price 1.6500 break to confirm full Bullish

GU is already 1.6368... are we are going short today?
  • #280,867
  • Jun 8, 2011 3:17am Jun 8, 2011 3:17am
Quoting Walker93
anyone got positions or stop orders on?
I thought about answering this but I have all these vouches and I don't want people following me. I cut trades if I don't like them - I won't watch my trades go bad and I don't remember to post here if I close a trade. Newbies take note: I lose more trades than I win. I cut the losers and let the winners go. And I can still lose money! Hahah.

I'm testing out a live ECN account with FXPro at the moment on xTrader platform. No requotes, no slippage, spread less than 1 pip. After MT4 it's like getting into a sports car.
Gone to a better place
  • #280,868
  • Jun 8, 2011 3:22am Jun 8, 2011 3:22am
Watch the Euro now break 1.4650? and the trend line that's been there since May? Just a heads up...
Gone to a better place
  • #280,869
  • Jun 8, 2011 3:22am Jun 8, 2011 3:22am
Quoting Walker93
Thats all very well in the longer term - but dude im riding this cable for all the pips it'll give me on the way up - and im getting more & more ready to get short if it breaks the levels on my chart....Obviously everyone has their own styles but i love trading around my fundamental long term opinions. keynes tried trading purely from fundies - DIDN'T WORK!

- i think we're going to get a great setup reeeeeeeeeeeeeeeeeally soon can't wait

What are your balance up for this year? percentage wise?
Personally i would love to grab every pip possible but have not mastered it at all, intraday trading, sometimes price turns due to support/resistance, fib levels, pivot levels, bouncing off MAs, supply n demand levels, heck its so difficult to gauge, so now im trying a new style which is more mid-term and involves figuring out how the market will screw pple and do that
  • #280,870
  • Jun 8, 2011 3:23am Jun 8, 2011 3:23am
Quoting smikester
I thought about answering this but I have all these vouches and I don't want people following me. I cut trades if I don't like them - I won't watch my trades go bad and I don't remember to post here if I close a trade. Newbies take note: I lose more trades than I win. I cut the losers and let the winners go. And I can still lose money! Hahah.

I'm testing out a live ECN account with FXPro at the moment on xTrader platform. No requotes, no slippage, spread less than 1 pip. After MT4 it's like getting into a sports car.
FXPro account sounds good! xTrader a direct exchange service? or just a different charting platform?

I won't be following you im sitting out atm - and yeah i dont let losses run - some people and their egos ey?!
  • #280,871
  • Jun 8, 2011 3:25am Jun 8, 2011 3:25am
Quoting smikester
I thought about answering this but I have all these vouches and I don't want people following me. I cut trades if I don't like them - I won't watch my trades go bad and I don't remember to post here if I close a trade. Newbies take note: I lose more trades than I win. I cut the losers and let the winners go. And I can still lose money! Hahah.

I'm testing out a live ECN account with FXPro at the moment on xTrader platform. No requotes, no slippage, spread less than 1 pip. After MT4 it's like getting into a sports car.

fxpro mt4 is good. i think ECN is the best! very good 4you
90% of traders use TA, indicators and prediction
  • #280,872
  • Jun 8, 2011 3:27am Jun 8, 2011 3:27am
Quoting monkey@forex
Personally i would love to grab every pip possible but have not mastered it at all, intraday trading, sometimes price turns due to support/resistance, fib levels, pivot levels, bouncing off MAs, supply n demand levels, heck its so difficult to gauge, so now im trying a new style which is more mid-term and involves figuring out how the market will screw pple and do that
#

For everyone there is a style that suites them best - find your style and stick to it - dont worry about what other people are doing or you'll end up taking trades that you don't understand, trust, OR NEED!
  • #280,873
  • Jun 8, 2011 3:30am Jun 8, 2011 3:30am
Does ECN platform have any overheads? Or should i try it out now if its better? MT4 is like an old friend now haha
  • #280,874
  • Jun 8, 2011 3:33am Jun 8, 2011 3:33am
Quoting Walker93
#

For everyone there is a style that suites them best - find your style and stick to it - dont worry about what other people are doing or you'll end up taking trades that you don't understand, trust, OR NEED!
Been there, done that, got the T-shirt...sitting in front of a screen all day can be lonely and drive you loopy, hence forex factory is good and bad as if you dont know what ur doing u can be heavily influenced, been there, done that...however as an exchange of ideas its great...i will return to intraday one day for sure...whats ur basis for a trade entry?
  • #280,875
  • Jun 8, 2011 3:34am Jun 8, 2011 3:34am
Ello Poppet Sarah Carlson

Until I see new Lower low and Lower Highs, I will think short. But for now its still maintaining the uptrend range. So just to sit back and let it do what it has to do.
  • #280,876
  • Jun 8, 2011 3:36am Jun 8, 2011 3:36am
Quoting Walker93
#

For everyone there is a style that suites them best - find your style and stick to it - dont worry about what other people are doing or you'll end up taking trades that you don't understand, trust, OR NEED!
I surely agree. Personally I will be waiting for a closed break above or below these respective trendlines before going long or short at the break of high or low.
Attached Image (click to enlarge)
Click to Enlarge Name: a closed break.gif Size: 17 KB
Come with me if you want to live....
  • #280,877
  • Jun 8, 2011 3:41am Jun 8, 2011 3:41am
Quoting monkey@forex
Been there, done that, got the T-shirt...sitting in front of a screen all day can be lonely and drive you loopy, hence forex factory is good and bad as if you dont know what ur doing u can be heavily influenced, been there, done that...however as an exchange of ideas its great...i will return to intraday one day for sure...whats ur basis for a trade entry?
I maintain several views on the market at all times, where the market is moving intraday, where i think its moving over the week, and where im forecasting its direction over the longer term, which for me is a few months....Then presuming im trading for one timeframe only, say i want to hold a position for three days, il make sure that fundamentally its heading in the right direction, im not fighting any major trends, and that the technical signals all agree with the proposed trade - if they all point in the same direction then i find an entry on an M30 or M15 chart - i cut losers V.QUICK - if i still think im right i can always find a re-entry but i like my trades to be making profit within the first hour......

If im not sure on a major setup then i just scal the M15 charts

This works for me really well and doent take too much time out of my uni studies >>> Traded stocks for three years but forex is MUCH more fun!

that answer your question?
  • #280,878
  • Jun 8, 2011 3:43am Jun 8, 2011 3:43am
Quoting monkey@forex
morning folks...DONT panic about cable, its just stuck in a range at the moment between 1.6350-450. FUNDAMENTALLY has anything changed? NO...the US economy hasnt improved, so no dollar strength, and the chances of QE2 in britain unlikely as we got no money, chance of interest rise more likely what with inflation and housing market, an interest rate rise isnt going to have that much effect, due to the fact no-one is selling anyway, a 0.25% increase wont cause that much effect right now, so im bullish on cable till JUNE end, then when USA QE2 ends...
Interesting, but surely after QE2 comes QE3, then QE4, then......until we can print no longer cos paper is so expensive!? lol
  • #280,879
  • Jun 8, 2011 3:44am Jun 8, 2011 3:44am
Quoting Walker93
Does ECN platform have any overheads? Or should i try it out now if its better? MT4 is like an old friend now haha
I like MT4 - it's what I learned on but it's a bit slow. I use it mainly for charting. Try the demo of xtrader at FXPro. When you click you get a fill at the price you want.
Gone to a better place
  • #280,880
  • Jun 8, 2011 3:47am Jun 8, 2011 3:47am
[quote=Walker93;4673716]I maintain several views on the market at all times, ......................................................quote]


similar setup 4me
main study on daily n h4

entries on m15 -m5
i love flags on m5.m15
90% of traders use TA, indicators and prediction
434 traders viewing now, 3 are registered:
Waveskierrob
,
bolivarfx
,
Shijirbaatar