Cable Update (GBPUSD) | Page 15844 | 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)

  • #316,861
  • Jun 20, 2012 4:51am Jun 20, 2012 4:51am
Quoting redbeben
aha,another one so I am not the only one asking questions

I'll give some clues as I can see them and hear them

EU will not vanish just like that and the only thing that kept it alive this week were the Arabs.

simple-oil price tanks as EU falls and if EU falls there is no money to buy oil...so in order to keep EU strong so it can buy oil Middle East is buying EUR ...eh,got the point? it's like scratching your left ear with the right hand twisted around the head

UK economy injects some more money to ease the credits....but will...
nice spanish summer! waiting impatiently te opportunity to come again in barcellona.

anyway, euro will never disappear from earth! this is what i think.
greece and spain are doing very good: debt? who cares??? until the stupi italy, france, germany etc... pay for that they will never solve the situation!

italy? we are in a total fuck!! i don't know what comes out from TV and newspapers, but believe me: there is people killing them selves due to debts. and a lot of manufacturer are closing and unemployment rate is flying. not talking about possible earthquakes just in the industry/manufactury core of nation (north-eastern area).

said this, banks now are doing like they are super good! while truth is that all banks are going to be heavy hit because people are stopping to pay mortgages (there is a huge percentage of un-sold homes from banks. those that banks took back from people unable to pay debts...).

now, the point is: first greece will have their money and re-structure partially their systems. second, spain will try to follow greece in this.
then will come italian problems as soon as the thing will explode. will be with this opportunity that everywhere we will hear about the european federation.

but to do that, first they have to destroy a lot of things and eat a lot of money. who will pay these greek, spain, italian et.c... huge money gifts?? we are already paying it and these moves in markets are already paying ECB probably with a ratio of 1 to 5 (100bln gave, 500bln took back)

russia banks predicted a 100$ x barrel on oil price by end of the year, but this situation could fuckup and we could see even more around 120$ (average brent and wti).
but a worsening scenario will have havy impact in russian economy.
so..... since russia is still not that much involved in this world wide scenario, they will surely find the way catch it out from woods and take a position.

just my personal views
90% of traders use TA, indicators and prediction
  • #316,862
  • Jun 20, 2012 4:53am Jun 20, 2012 4:53am
Quoting redbeben
well if you care to share I'll be honoured to learn,but as I said,it is not enough to know the final price but the entry point as well.
you called 1.5778 when price was 1.5730 from where it tanked 80 pips.(braking the levels I was aiming for)

if one would have opened long @ 1.5730 for a 48 pips profit the RR would have been 2-1 indeed but on the risk side.

so....It all depends on the entry not only on the final price.

take care ,
my entry price was at 56xx with a 30pips SL. entering at 57xx is a wrong point to enter for my strategy because strategy perceived it yesterday as SAFE.

My GBPAUD trade already closed because yesterday, it labelled it safe! and I executed a short.

take care,
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #316,863
  • Jun 20, 2012 4:54am Jun 20, 2012 4:54am
Quoting _BBKing_
make money and then, when you will retire, delete that system and call it "a life"
  • #316,864
  • Jun 20, 2012 4:56am Jun 20, 2012 4:56am
Quoting 1stECN
Trust me, You do not need to be an insider....all you need is a perfect strategy; Just some more study and don't go with the crowd!!!

My strategy works even in holidays and NFP but I personally decides to stay out. Do you know Price for tomorrow can be known today regardless of the news?
  • #316,865
  • Jun 20, 2012 4:56am Jun 20, 2012 4:56am
Quoting PoundTrader
well then im keeping my mouth shut, il pass it down to my kids if i ever have any.
You may need to buy the Mercedes for that PT.
No kids going solo
Come with me if you want to live....
  • #316,866
  • Jun 20, 2012 5:04am Jun 20, 2012 5:04am
Quoting 1stECN
Trust me, You do not need to be an insider....all you need is a perfect strategy; Just some more study and don't go with the crowd!!!

My strategy works even in holidays and NFP but I personally decides to stay out. Do you know Price for tomorrow can be known today regardless of the news?
hello,
i disagree on this point!
or better: if we talk about some minor news it is possible and i agree in you with this.
but, even if you have best strategy ever, something can come and reverse everything.
fundamentals move markets. then markets moves in techs according to fundamentals.
if fundamentals say up, market will go up between main tech levels.

now the problem: you can't know where is main tech level until it happened. today i was looking to buy GU but show me a reason to buy it against the steep move down, near 5650. by "reason" i mean something to be confident in that area instead of 100 pips lower or 50 pips higher.

stop loss and money management?

how many times do we see price going to our stop loss then reverse in our direction after some 10-50 pips? personally happened a lot of times in the past.....
90% of traders use TA, indicators and prediction
  • #316,867
  • Jun 20, 2012 5:06am Jun 20, 2012 5:06am
Quoting bbmac
Hey Tau - Hope u r well...not see-ing the divergence on 1hr you refer to - can you post a chart please ? do you mean regular or hidden div ? Thanks

G/L
Good day to you,

My apology - hidden bullish.

Not a classical "divergence" type indicator. But one I use to scalp with from time to time. Remains subjective. Marked a few for you to explain.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.jpg Size: 114 KB
  • #316,868
  • Jun 20, 2012 5:10am Jun 20, 2012 5:10am
above current daily hi :

[ 5748-55 prev minor 4hr/1hr sw hi zone
[ 5748-91 prev minor Dly sw lo zone incl 5762 = 85.4% 5847-5267, 5781 = Daily R1 @/around, and 5782 = 50% main 6300-5267 move
5770-80 descending Daily trend line on present 4hr candle
5800-18 prev minor 4hr sw hi zone incl 5807 = Weekly R1 @/around
5830-47 prev Dly sw lo, prev Dly/4hr sw hi zone incl 5839 = Daily R2 @/around
5903 Weekly R2 @/around
5904 61.8% main 6300-5267 move
5923 Daily R3 @/around
5980 Monthly R1
6048-57 prev 4hr sw lo zone incl 6054= 76.4% main 6300-5267 move

NB: Other fibs of the 4hr swings down to 5267 from 6197,6180 and 6122 exist but are not included above as considered potentially less important swings.

Re opa: 1hr = rangy-bullish, 4hr in a general opa uptrend correct at writing.

G/L
ex member
  • #316,869
  • Jun 20, 2012 5:12am Jun 20, 2012 5:12am
Quoting TauTrader
Good day to you,

My apology - hidden bullish.

Not a classical "divergence" type indicator. But one I use to scalp with from time to time. Remains subjective. Marked a few for you to explain.

Regards
Thank you - I am loving your 'Kickass' indy lol !

G/L
ex member
  • #316,870
  • Jun 20, 2012 5:15am Jun 20, 2012 5:15am
Quoting bbmac
Thank you - I am loving your 'Kickass' indy lol !

G/L
Good day to you, sir

It happens when i'm bored..

I name them funny. For my own amusement.

All success
  • #316,871
  • Jun 20, 2012 5:26am Jun 20, 2012 5:26am
Quoting Makavelli7
Take profit just reached 1.5741 selling cable now at current price 1.5741
if cable doesn't tank today, it will tomorrow. the Mo...fo... 'll fall. Ill be shocked if we dont see 1.5614 today
The only way not to think about money is to have a great deal of it
  • #316,872
  • Jun 20, 2012 5:33am Jun 20, 2012 5:33am
Quoting Makavelli7
if cable doesn't tank today, it will tomorrow. the Mo...fo... 'll fall. Ill be shocked if we dont see 1.5614 today
5640 IMO should come today-tomorrow.
problem is upside. will we see 5770 or 5830 first?!
eheheh


good luck
90% of traders use TA, indicators and prediction
  • #316,873
  • Jun 20, 2012 5:40am Jun 20, 2012 5:40am
any clear hourly close above 1.5756 would reach 1.5812. but i dont see that happening in this scenerio
The only way not to think about money is to have a great deal of it
  • #316,874
  • Jun 20, 2012 5:44am Jun 20, 2012 5:44am
Quoting _BBKing_
hello,
i disagree on this point!
or better: if we talk about some minor news it is possible and i agree in you with this.
but, even if you have best strategy ever, something can come and reverse everything.
fundamentals move markets. then markets moves in techs according to fundamentals.
if fundamentals say up, market will go up between main tech levels.

now the problem: you can't know where is main tech level until it happened. today i was looking to buy GU but show me a reason to buy it against the steep move down, near 5650. by "reason"...

Okay, I believe no one can argue with a real-time audited statement. I will connect between $50,000 to $100,000 account to the explorer here at FF for live viewing and proof of my statement on or before July 1st 2012...

Globally, no matter how much knowledge a trader has acquired, there's always another who's better in performance.

I believe in my statement, so do you! Its deadlock. Lets do what we know how to do best and make more money without having to debate

Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #316,875
  • Jun 20, 2012 5:51am Jun 20, 2012 5:51am
Quoting 1stECN
Okay, I believe no one can argue with a real-time audited statement. I will connect between $50,000 to $100,000 account to the explorer here at FF for live viewing and proof of my statement on or before July 1st 2012...

Globally, no matter how much knowledge a trader has acquired, there's always another who's better in performance.

I believe in my statement, so do you! Its deadlock. Lets do what we know how to do best and make more money without having to debate

totally agree.

one calls up one down ,both in profit
  • #316,876
  • Jun 20, 2012 5:55am Jun 20, 2012 5:55am
Quoting _BBKing_
5640 IMO should come today-tomorrow.
problem is upside. will we see 5770 or 5830 first?!
eheheh


good luck
5638 to be precise

next level down 1.5613 on my charts and if that one fails and I expect it to fail it will go 1.5607-08

I think I will close my shorts @ 1.5638-40 and call it a day...or trail them
  • #316,877
  • Jun 20, 2012 5:58am Jun 20, 2012 5:58am
Quoting Makavelli7
if cable doesn't tank today, it will tomorrow. the Mo...fo... 'll fall. Ill be shocked if we dont see 1.5614 today
I'll be shocked if we do
Come with me if you want to live....
  • #316,878
  • Jun 20, 2012 6:01am Jun 20, 2012 6:01am
Quoting Ill-b-back
I'll be shocked if we do
Ok maybe tomorrow
The only way not to think about money is to have a great deal of it
  • #316,879
  • Jun 20, 2012 6:06am Jun 20, 2012 6:06am
Quoting Makavelli7
Ok maybe tomorrow
I'll buy that dip if we do
Come with me if you want to live....
  • #316,880
  • Jun 20, 2012 6:07am Jun 20, 2012 6:07am
Quoting 1stECN
Okay, I believe no one can argue with a real-time audited statement. I will connect between $50,000 to $100,000 account to the explorer here at FF for live viewing and proof of my statement on or before July 1st 2012...

Globally, no matter how much knowledge a trader has acquired, there's always another who's better in performance.

I believe in my statement, so do you! Its deadlock. Lets do what we know how to do best and make more money without having to debate

no debate at all.
was just asking to say me reasons of the 56xx long today with a 30 pips stop loss.
56xx means also 5685 but stop loss came in this case..
anyway personally i'm interested only in mine accout.... not certainly in your
90% of traders use TA, indicators and prediction
310 traders viewing now