Cable Update (GBPUSD) | Page 14548 | 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)

  • #290,941
  • Oct 20, 2011 3:06am Oct 20, 2011 3:06am
are we going to print new high?
i try to hold this train.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 125 KB
90% of traders use TA, indicators and prediction
  • #290,942
  • Oct 20, 2011 3:37am Oct 20, 2011 3:37am
4 hr cable still shows it swinging around its 200ema, and contained in the bollie bands- this thing has no interest in going anywhere fast 57 to 58 to 57 to 58. Loooking to short near top bollie band which is also near todays R1.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 97 KB
  • #290,943
  • Oct 20, 2011 3:40am Oct 20, 2011 3:40am
Quoting _BBKing_
i did very similar but did not post was too dangerous trade

I just closed the trade with +60 pips profit.



Regards,

Josef
  • #290,944
  • Oct 20, 2011 4:15am Oct 20, 2011 4:15am
i hold unless i see a 1m candle closing out of this.
@josef: good area for taking profits!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
90% of traders use TA, indicators and prediction
  • #290,945
  • Oct 20, 2011 6:48am Oct 20, 2011 6:48am
Good morning all.

Wow currencies are quite volatile today. Choppy.
Sentiment is all over the place.
  • #290,946
  • Oct 20, 2011 7:16am Oct 20, 2011 7:16am
Quoting josef
Morning, I'm in with long setup.

1.5720 targeting 1.5840 area with 40 pips stop loss.

Regards,

Josef
My dear Greed, Thank you! I was targeting 100 pips, but closed after 60 pips profit. It was good idea.

Regards

Josef
  • #290,947
  • Oct 20, 2011 8:41am Oct 20, 2011 8:41am
Good Morning fellow traders.....

Well, as I posted the other day - Cable bit me for a 40 pip loss on a very bad entry on my part - so I stepped away from Cable for the day and traded Oil for a couple of scalps and now I am in a position trade with Natural Gas which has helped me retrieve all my losses from cable and now I am in nice profit. I will keep watching cable, but I will probably not be actively trading it for a while as I am very pleased with my entry point in Nat Gas and I will be adding to the position which will be using up my capital that I would have for other instruments. I will post a little Daily Chart of Natural Gas showing my entry and reasoning for my entry for your interest.

Cheers to all and happy trading!

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Nat Gas Trade Enter 1.jpg Size: 161 KB
Click to Enlarge Name: trading platform nat gas.png Size: 86 KB
I don't trust any move - when you have profit...take it.
  • #290,948
  • Oct 20, 2011 1:38pm Oct 20, 2011 1:38pm
Quoting Flatfish
4 hr cable still shows it swinging around its 200ema, and contained in the bollie bands- this thing has no interest in going anywhere fast 57 to 58 to 57 to 58. Loooking to short near top bollie band which is also near todays R1.
Well 4hr chart said it all would swing around and 100 ema acted as support. I still favour shorts, but would rethink if Asia turns bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 98 KB
  • #290,949
  • Oct 20, 2011 1:48pm Oct 20, 2011 1:48pm
Quoting josef
Morning, I'm in with long setup.

1.5720 targeting 1.5840 area with 40 pips stop loss.

Regards,

Josef
Nice trade Josef - didn't quite make the 1.5840 area but plenty of time to break even or take profit. Just wondering why you would take that trade and also why you chose the target and stop loss?
Gone to a better place
  • #290,950
  • Oct 20, 2011 1:54pm Oct 20, 2011 1:54pm
Quoting Faller
Cheers to all and happy trading!
Faller.
It's a nice post and I don't doubt you are a good trader but why would we want the thread filled with charts about gas?

If you want you could start your own thread? But why would forex traders be interested in natural gas?
Gone to a better place
  • #290,951
  • Oct 20, 2011 2:11pm Oct 20, 2011 2:11pm
Quoting smikester
It's a nice post and I don't doubt you are a good trader but why would we want the thread filled with charts about gas?

If you want you could start your own thread? But why would forex traders be interested in natural gas?
To be honest this thread doesn't have 100's of posts a day, and I for one am far to busy to read loads of threads on FF - gave up looking at the euro one months ago. so I don't mind someone pointing out other trades- some of us don't just trade cable (charts are charts). I post here since they are some good traders in this thread who don't waste their time trying to predict every 3-5 pip swing don't frighten them away by being unfriendly.
  • #290,952
  • Edited 6:49pm Oct 20, 2011 3:56pm | Edited 6:49pm
Quoting smikester
It's a nice post and I don't doubt you are a good trader but why would we want the thread filled with charts about gas?

If you want you could start your own thread? But why would forex traders be interested in natural gas?

Well my trading is based mostly on technicals with a solid foundation on the fundamentals......you have to understand the instrument that you are trading and then you can apply the technicals to anything. So why do I post my charts - sorry to take up server space - I am just posting my technicals which can be applied across many instruments.

Thanks for your positive comments - and I have said before that if people do not want to see my charts that do not pertain the pound just let me know.....and most people respond by saying that they trade other instruments also and would welcome the insight. If I am going against the rules of the thread I apologize.

Have a great night......I just brought the family home from a night out at a new restaurant........have to get the little ones ready for bed now.....

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #290,953
  • Oct 20, 2011 4:14pm Oct 20, 2011 4:14pm
More education that can be applied to any financial instrument......further information regarding a Nat Gas trade - this knowledge can be applied to Cable or any forex pair or any financial instrument.

Hope this is of value to people.

Cheers,

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Nat Gas Info Chart 1.jpg Size: 157 KB
I don't trust any move - when you have profit...take it.
  • #290,954
  • Oct 20, 2011 4:18pm Oct 20, 2011 4:18pm
my strategy for the next few days for gbp/usd:

sell 1.5820/1.5850 tp 1.5720

buy 1.5710/1.5650 tp 1.5770

stay away from entries in the middle of range.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 29 KB
  • #290,955
  • Oct 20, 2011 4:27pm Oct 20, 2011 4:27pm
Quoting ovaforty
my strategy for the next few days for gbp/usd:

sell 1.5820/1.5850 tp 1.5720

buy 1.5710/1.5650 tp 1.5770

stay away from entries in the middle of range.

Good insight - I think you have the proper range. The thing is - every hour news comes out saying one thing - then 15 mins later they say no we did not mean that - then 30 mins later they say ya we kind of meant that - then 15 mins later they say we have no comment to any of the comments made before - you can really get whipped around if you are not disciplined.

Have a good night ovaforty

Faller
I don't trust any move - when you have profit...take it.
  • #290,956
  • Oct 20, 2011 4:31pm Oct 20, 2011 4:31pm
my position in progress: bought @1.5715--->tp 1.5820, sl 1.5650
  • #290,957
  • Oct 20, 2011 5:40pm Oct 20, 2011 5:40pm
Quoting Flatfish
they are some good traders in this thread
I agree
  • #290,958
  • Oct 20, 2011 7:13pm Oct 20, 2011 7:13pm
Quoting Faller
More education that can be applied to any financial instrument......further information regarding a Nat Gas trade - this knowledge can be applied to Cable or any forex pair or any financial instrument.

Hope this is of value to people.

Cheers,

Faller.
if I'm not mistaken today is options and futures expiration date. In your opinion how often / should this affect the market, especially to sterling. In my simple understanding there must be some kind of profit taking (strike price ?).

and about the Nat Gas, I see that your analysis was more on technical (falling wedge). Not to offend here, but maybe it will be more interesting if you could explain how it affects GBPJPY as Japan is one of the biggest nat gas importer.

Thank you in advance, your input will be invaluable.
  • #290,959
  • Oct 20, 2011 7:28pm Oct 20, 2011 7:28pm
Quoting Flatfish
.. gave up looking at the euro one months ago...
lol.. you're not the only one
  • #290,960
  • Oct 20, 2011 7:45pm Oct 20, 2011 7:45pm
Quoting gsantri
if I'm not mistaken today is options and futures expiration date. In your opinion how often / should this affect the market, especially to sterling. In my simple understanding there must be some kind of profit taking (strike price ?).

and about the Nat Gas, I see that your analysis was more on technical (falling wedge). Not to offend here, but maybe it will be more interesting if you could explain how it affects GBPJPY as Japan is one of the biggest nat gas importer.

Thank you in advance, your input will be invaluable.

In bed now......have the laptop beside me with alerts on.......I will respond in full tomorrow.

Thank you for your inquiry.....

Have a good night.

Faller
I don't trust any move - when you have profit...take it.
1,037 traders viewing now, 5 are registered:
,
,
Gbpusdfreakk
,
sooyong
,
johncen