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Cable Update (GBPUSD)

  • #290,561
  • Oct 16, 2011 5:10pm Oct 16, 2011 5:10pm
Quoting DubaiFX
MACD is DOWN already in daily
it will test 5680 before anymove up if it holds above today 5820 then might be 5930 and then 1.6080 might be seen this week..

and about GBPJPY still brearish BOJ intervention may hit my stop if they dont then 120.80 is likely today to be seen before may move up..

Younas..
again warning about GY and GU
they may fall very fast.. MACD is not where price should be,,..

Be careful Guys..
Don't compare your Trades with Others
  • #290,562
  • Oct 16, 2011 7:39pm Oct 16, 2011 7:39pm
short GU tp .5797
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  • #290,563
  • Oct 16, 2011 7:55pm Oct 16, 2011 7:55pm
Quoting clientfx
short GU tp .5797
TP hit
  • #290,564
  • Oct 16, 2011 8:15pm Oct 16, 2011 8:15pm
Quoting clientfx
TP hit
sweet I did almost the same thing
closed @95 +17
  • #290,565
  • Oct 16, 2011 8:33pm Oct 16, 2011 8:33pm
For anyone interested....I posted this yesterday........

http://www.forexfactory.com/showthre...41#post5043441
I don't trust any move - when you have profit...take it.
  • #290,566
  • Oct 16, 2011 8:53pm Oct 16, 2011 8:53pm
Quoting Faller
For anyone interested....I posted this yesterday........

http://www.forexfactory.com/showthre...41#post5043441
ty Faller and I agree,take the $,Mike
  • #290,567
  • Oct 16, 2011 10:08pm Oct 16, 2011 10:08pm
It is quite in here and other threads.......thought I would post a good little read......

http://www.huffingtonpost.co.uk/2011...n_1013764.html
I don't trust any move - when you have profit...take it.
  • #290,568
  • Oct 16, 2011 11:01pm Oct 16, 2011 11:01pm
Well I have posted all of my charts in previous posts on Saturday of this weekend as to why I saw a pull back in Cable......and I also posted that I was short Cable futures from 1.5800 - well since it so bloody boring in here tonight I figured I may as well post my position just to show that I am actually in the trade..........this is a pic of my trading platform - I use Interactive Brokers. I am also posting an updated chart of the 1 hour chart that I posted yesterday....this shows price dopping out of the up channel......please note all of the notations that are on the chart.....they were all there yesterday except for the Stochs rolling over, Macd rolling over and the red arrow showing price dropping out of channel.

Cheers.....

Faller.
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I don't trust any move - when you have profit...take it.
  • #290,569
  • Oct 16, 2011 11:26pm Oct 16, 2011 11:26pm
Quoting Faller
Well I have posted all of my charts in previous posts on Saturday of this weekend as to why I saw a pull back in Cable......and I also posted that I was short Cable futures from 1.5800 - well since it so bloody boring in here tonight I figured I may as well post my position just to show that I am actually in the trade..........this is a pic of my trading platform - I use Interactive Brokers. I am also posting an updated chart of the 1 hour chart that I posted yesterday....this shows price dopping out of the up channel......please note all of the...
I don't quite understand your charts,are u saying that u are up 440 pips?
  • #290,570
  • Oct 16, 2011 11:28pm Oct 16, 2011 11:28pm
Quoting torcuswelby
I don't quite understand your charts,are u saying that u are up 440 pips?
profit of 440 usd - short 4 contracts from 1.5800 futures.
I don't trust any move - when you have profit...take it.
  • #290,571
  • Oct 16, 2011 11:30pm Oct 16, 2011 11:30pm
Quoting Faller
profit of 440 usd - short 4 contracts from 1.5800 futures.
ty so much for the quick response,I am not familiar with futures,please elaborate
  • #290,572
  • Oct 16, 2011 11:34pm Oct 16, 2011 11:34pm
Quoting torcuswelby
ty so much for the quick response,I am not familiar with futures,please elaborate
futures pricing of the forex price is always 10 to 15 pips lower....so if you are trading forex and cable is trading at 1.5810 - futures are trading around 1.5800.........futures are still calculated for every pip......if you are trading one contract that has a value of almost 100,000 pound sterling.....and every pip is valued at I believe $6.50........not much more to know.....I only trade futures......I trade currency and commodity futures.

hope that answers your question.....

Cheers.

Faller.
I don't trust any move - when you have profit...take it.
  • #290,573
  • Oct 16, 2011 11:37pm Oct 16, 2011 11:37pm
Quoting Faller
futures pricing of the forex price is always 10 to 15 pips lower....so if you are trading forex and cable is trading at 1.5810 - futures are trading around 1.5800.........futures are still calculated for every pip......if you are trading one contract that has a value of almost 100,000 pound sterling.....and every pip is valued at I believe $6.50........not much more to know.....I only trade futures......I trade currency and commodity futures.

hope that answers your question.....

Cheers.

Faller.
once again ty for the quick response,I just don't understand the difference nad have never heard of futures trading on the g/u in 5 years of trading
  • #290,574
  • Oct 16, 2011 11:40pm Oct 16, 2011 11:40pm
Quoting torcuswelby
once again ty for the quick response,I just don't understand the difference nad have never heard of futures trading on the g/u in 5 years of trading

I trade the yen, cable, euro, dollar/cad, swissy etc....they all have a futures symbol....euro is 6j, cable 6b, euro 6e, cad 6c, swissy 6s.......also the us dollar futures.....dx is the symbol and then you just ad the contract month to the end of the symbol that you are trading.

oil futures are cl, gold futures are gc........look into......

Cheers....I am going to bed now.
I don't trust any move - when you have profit...take it.
  • #290,575
  • Oct 16, 2011 11:52pm Oct 16, 2011 11:52pm
my second short TP 5770..
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  • #290,576
  • Edited 1:26am Oct 17, 2011 12:51am | Edited 1:26am
Quoting fontu
gu seems different than eu or usdx ,going to become more weak! with only preventing breaks 5783 it can up continue towards 5900 or up 6167 ,otherwise not see any hope move up without correction towards 5417 .
or they all going correct at the same time soon ? possible , lets see next week.
anyway if up & continue with any craziness , i will be happy though

fontu .
Morning , so breaks 5783 & will look for to continue bo , next levels watch 5715 & 5687 confirmation levels .
so go up 3826 or down 3781 will short it.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,577
  • Oct 17, 2011 1:14am Oct 17, 2011 1:14am
If you are thinking of shorting GU at the moment I would think of reconsidering. We closed above 38.1 retrace last week and the 4hr 200emas(low, closed and high). We are just retesting the 38.1 retrace which is the 4hr 200 high level. I don't feel it will go much lower before moving to at least the 50% retrace.
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Come with me if you want to live....
  • #290,578
  • Oct 17, 2011 1:39am Oct 17, 2011 1:39am
Quoting iqyu5an
mine
clear n simple
90% of traders use TA, indicators and prediction
  • #290,579
  • Oct 17, 2011 1:40am Oct 17, 2011 1:40am
Quoting PhAnTi'
let me give you my heads up for cable..

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PS : are u really able to trade your charts? they are messed up ^^


Jonas
hello, i agree: we are into a possible good supply area range 1.58-1.60
lets see if this week we get out of hourly uptrend
90% of traders use TA, indicators and prediction
  • #290,580
  • Oct 17, 2011 1:42am Oct 17, 2011 1:42am
Quoting LeanLowFx
This was one of the most sexyest channels I have ever seen ...
that is EU
similar setup in GU
bounced on bottom channel line on this h1 candle
90% of traders use TA, indicators and prediction
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Fishbones
,