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Cable Update (GBPUSD)

  • #287,081
  • Aug 23, 2011 5:49am Aug 23, 2011 5:49am
possible reaction at sup/res seen better in h1
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90% of traders use TA, indicators and prediction
  • #287,082
  • Aug 23, 2011 5:51am Aug 23, 2011 5:51am
Quoting Flatfish
Stop now at BE. I'm still using top of 4hr bollingers as a sell entry 4hr close above band would close me out of the trade normally.
nice!
i came in too late for short it!
sorry if i ask again but i dont remember... what setup you use on bands?
i mean periods deviations etc

anyway i have a different candle setup in my h4 due to different broker..
90% of traders use TA, indicators and prediction
  • #287,083
  • Aug 23, 2011 5:55am Aug 23, 2011 5:55am
1048 GMT [Dow Jones] GBP/USD is underperforming Tuesday, however MIG Bank says while it holds above 1.6421 support, the outlook remains positive. Now at 1.6529, the bank is looking for a return to April's 1.6747 high, although above here it says further gains should be limited to 1.68. ([email protected])
  • #287,084
  • Aug 23, 2011 5:58am Aug 23, 2011 5:58am
I just use standard bollinger settings 20. No point re-inventing the wheel. I just play on cable not being to remain over the top band for too long. Targets middle and bottom bands.
  • #287,085
  • Aug 23, 2011 6:08am Aug 23, 2011 6:08am
Quoting Flatfish
I just use standard bollinger settings 20. No point re-inventing the wheel. I just play on cable not being to remain over the top band for too long. Targets middle and bottom bands.

i find it amazing..my 4hr closed bullish like crazy and the next 4hr it drops like a stone..was a risky play but sometimes with risk comes an opportunity

good trade u pressed at exactly right time
  • #287,086
  • Aug 23, 2011 6:20am Aug 23, 2011 6:20am
Quoting _BBKing_
possible reaction at sup/res seen better in h1
90% of traders use TA, indicators and prediction
  • #287,087
  • Aug 23, 2011 6:21am Aug 23, 2011 6:21am
Quoting Flatfish
I just use standard bollinger settings 20. No point re-inventing the wheel. I just play on cable not being to remain over the top band for too long. Targets middle and bottom bands.
ok
thanks mate
90% of traders use TA, indicators and prediction
  • #287,088
  • Aug 23, 2011 6:58am Aug 23, 2011 6:58am
Closed short for +50. Pretty much near my first target and expecting it to bounce around 1.65. Will look for another short, poss following US data. Stress free lunch for me.
  • #287,089
  • Aug 23, 2011 7:01am Aug 23, 2011 7:01am
Could anyone recommend a second pair that'd be good to trade along with the cable? Meaning it wouldn't be related to it. Thanks.
  • #287,090
  • Aug 23, 2011 7:09am Aug 23, 2011 7:09am
Quoting Flatfish
Closed short for +50. Pretty much near my first target and expecting it to bounce around 1.65. Will look for another short, poss following US data. Stress free lunch for me.
how do u know when to enter to atrade with the BB?
when GOD brings you a challenge he also gives you the power to deal with it
  • #287,091
  • Aug 23, 2011 7:23am Aug 23, 2011 7:23am
Quoting Flatfish
Closed short for +50. Pretty much near my first target and expecting it to bounce around 1.65. Will look for another short, poss following US data. Stress free lunch for me.
very well done!
thanks to be here sharing
90% of traders use TA, indicators and prediction
  • #287,092
  • Aug 23, 2011 7:26am Aug 23, 2011 7:26am
Quoting skiffx
Possible H&S 15 min
if that will go, neckline appears into near 6440-6470

a breaking of that level have also some h4 n daily reasons for more down.

usually HS in faster TF against strong supply area works out.

time will tell!
90% of traders use TA, indicators and prediction
  • #287,093
  • Aug 23, 2011 7:34am Aug 23, 2011 7:34am
It just bounces around the 1.6856 to 1.6459.. I still keep my position Alhamdulillah..the overall price action after the up trend moves it started the consolidation which is called as bullish rectangle.. But who knows
  • #287,094
  • Aug 23, 2011 7:42am Aug 23, 2011 7:42am
tHE pICTURE ATTACHED
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  • #287,095
  • Aug 23, 2011 7:44am Aug 23, 2011 7:44am
That's nice to see few persons here picked H&S on times. The market seems respect to those opinion now and then
  • #287,096
  • Aug 23, 2011 7:46am Aug 23, 2011 7:46am
Quoting sinchan
tHE pICTURE ATTACHED
consolidation..forming a bullish stance

correct term is macd neutralization = market is relieving over bought condition

nice post
  • #287,097
  • Aug 23, 2011 8:05am Aug 23, 2011 8:05am
Quoting nAVIN2007
consolidation..forming a bullish stance

correct term is macd neutralization = market is relieving over bought condition

nice post
tHANKS bRO.. Cable being my sweet out of my bitter in euro / chf that pair is becoming a hell for trader now to trade the euro/chf ..
  • #287,098
  • Aug 23, 2011 8:06am Aug 23, 2011 8:06am
Price did come down to touch middle band, should have held on for the the extra few pips, now trying to act as support. Can't really see a entry I want short unless 4 hourly closes below the middle band, but as I expect cable to range this week would rather wait for setups to play the range.

Cable over 1.67- only if Cameron learns to crap gold
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  • #287,099
  • Aug 23, 2011 8:26am Aug 23, 2011 8:26am
Bro which broker is the best if we want to trade one position that the quantity above 10.000 USD (without laverage) .. Thanks if there is a website that will be great.. I got my quantity limit with my broker.
  • #287,100
  • Aug 23, 2011 8:27am Aug 23, 2011 8:27am
Quoting sinchan
tHANKS bRO.. Cable being my sweet out of my bitter in euro / chf that pair is becoming a hell for trader now to trade the euro/chf ..

i have the same thought on cable..its just consolidating

market right now is very tough..seems all u can is play a direction..looking for a signal which is reliable is just not seen

its a blood bath
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