Is it just me or is cable acting random? | Forex Factory

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Is it just me or is cable acting random?

  • #1
  • First Post: Oct 13, 2005 6:51am Oct 13, 2005 6:51am
Take a look at the cable today. Is it just me or is it just totally random thus far?
I was here, here I was. Was I here? Yes I was!
  • #2
  • Oct 13, 2005 7:22am Oct 13, 2005 7:22am
I can't understand, are you saying that you see today as random in cable??? Can you post a chart and reveal your point??

Thanks,

Nader
  • #3
  • Oct 13, 2005 7:49am Oct 13, 2005 7:49am
Quoting narafa
I can't understand, are you saying that you see today as random in cable??? Can you post a chart and reveal your point??

Thanks,

Nader
If its not obvious from your chart then its hardly going to be more so looking at mine. Maybe I'm wrong. Maybe there is some sense to the price movement, but I can't see it yet.
I was here, here I was. Was I here? Yes I was!
  • #4
  • Edited 8:21am Oct 13, 2005 8:14am | Edited 8:21am
Are not the markets always random ?

Cable just stuck in a range.

1.7506 Session High
1.7488 Pivot +++++++++++++++++++++++
1.7479 Recent High


1.7447 Recent Low (After News)
1.7444 Session Low
  • #5
  • Oct 13, 2005 8:32am Oct 13, 2005 8:32am
I believe that price action shows the struggle between the bulls and the bears. As such this mornings session was quite a fight. With no real direction and "dodgy" price action, what the outcome would be was anybodys guess.

2pm swung around and reports came out. You can see the immediate reaction and then, there we have it again, the struggle resumes. Once again there is a struggle for control and , as of right now now, no directional bias what so ever.
I was here, here I was. Was I here? Yes I was!
  • #6
  • Oct 13, 2005 8:39am Oct 13, 2005 8:39am
My view is normal directionless movement in the price action.

Can you ever interpret directionless price movement another way rather than directionless or random

Thanks,

Nader
  • #7
  • Edited 8:43am Oct 13, 2005 8:41am | Edited 8:43am
Good for longs of Session low, shorts from Session High or 1.7479ish area then, with tight stop ?

We would be in trouble if we thought the market was not random at any time.
  • #8
  • Oct 13, 2005 8:47am Oct 13, 2005 8:47am
Quoting narafa
My view is normal directionless movement in the price action.

Can you ever interpret directionless price movement another way rather than directionless or random

Thanks,

Nader
Prices can move sideways in a "normal" fashion. When I say "normal" I mean swing high/low drifting. However I don't really consider todays action normal. Today is without a doubt random because it did not follow that pattern and there was no clear range.
I was here, here I was. Was I here? Yes I was!
  • #9
  • Oct 13, 2005 9:36am Oct 13, 2005 9:36am
Quoting SterlingTDR
Prices can move sideways in a "normal" fashion. When I say "normal" I mean swing high/low drifting. However I don't really consider todays action normal. Today is without a doubt random because it did not follow that pattern and there was no clear range.
I am not closely watching the GBP/USD, so I can't deeply analyze the price action as you might do, but I know that price has the right to move where ever they want, and to choose the way they want to move and the method of moving without informing us or giving us any warning or alarms

Thanks,

Nader
  • #10
  • Oct 13, 2005 9:42am Oct 13, 2005 9:42am
Quoting narafa
I am not closely watching the GBP/USD, so I can't deeply analyze the price action as you might do, but I know that price has the right to move where ever they want, and to choose the way they want to move and the method of moving without informing us or giving us any warning or alarms

Thanks,

Nader
Ahhh a comedian!!!!
You're quite right of course, but this day has been abnormally ugly.
Its not easy to trade the cable anyway but this is ridiculous.
I was here, here I was. Was I here? Yes I was!
  • #11
  • Oct 13, 2005 9:51am Oct 13, 2005 9:51am
Quoting SterlingTDR
Ahhh a comedian!!!!
You're quite right of course, but this day has been abnormally ugly.
Its not easy to trade the cable anyway but this is ridiculous.
I usually leave and stop trading when I witness an ugly day from it's very beginning and thank GOD that it has been ugly in the beginning What do you usually do in such cases ?


Thanks,

Nader
  • #12
  • Oct 13, 2005 9:58am Oct 13, 2005 9:58am
Quoting narafa
I usually leave and stop trading when I witness an ugly day from it's very beginning and thank GOD that it has been ugly in the beginning What do you usually do in such cases ?


Thanks,

Nader
Well usually I'll get whacked for a couple of bucks which will cause me to sit back for a while. After much thought and a few cups of tea. I'll decide that things look pretty awful. I then walk the dog.

After coming home sit down, tea in hand and have another look. If things still look awful I'll sit out. If there is a defined range I may have a crack at a play or two.

Then I have to decide what I'll have for lunch......and that takes time.
I was here, here I was. Was I here? Yes I was!
  • #13
  • Oct 13, 2005 11:00am Oct 13, 2005 11:00am
I thought today was one of the more predictable days for cable.

Basically trading off the 2 and 4 hour trendlines. I used them during the Asian session to see that cable should retrace back to those trend lines, I predicted it would be around 500, so went long and got out at 490. Then I went short when It bounced off the 2 hour trendline...got out real quick there, it just plummeted.
  • #14
  • Oct 13, 2005 11:05am Oct 13, 2005 11:05am
Quoting SouthernFried
I thought today was one of the more predictable days for cable.

Basically trading off the 2 and 4 hour trendlines. I used them during the Asian session to see that cable should retrace back to those trend lines, I predicted it would be around 500, so went long and got out at 490. Then I went short when It bounced off the 2 hour trendline...got out real quick there, it just plummeted.
Well done!
I'm ashamed to say I missed that one. Especially since I use a 2hr chart!!!
I think maybe I should cut back on the tea and slow things down a tad.
I was here, here I was. Was I here? Yes I was!
  • #15
  • Oct 11, 2012 5:37pm Oct 11, 2012 5:37pm
Here's a simple trade. Buy USDCAD now. Red lines are stop and target. What do you think, StirlingTDR, my good friend?
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  • #16
  • Oct 12, 2012 3:29am Oct 12, 2012 3:29am
Umm, I think your good friend's not around, not posted anything in yonks ... six years or so.

Quoting Zappa
Here's a simple trade. Buy USDCAD now. Red lines are stop and target. What do you think, StirlingTDR, my good friend?
forget about tomorrow, just steal away into the night
  • #17
  • Edited 5:55am Aug 17, 2022 3:17am | Edited 5:55am
Have entered a buy now, will sell at fmoc later...
  • #18
  • Aug 17, 2022 6:09am Aug 17, 2022 6:09am
Quoting moyoFX
Have entered a buy now, will sell at fmoc later...
Hello, are you talking about USDCARD trading pair or anything else? Right now, I have on open trade position on that pair!
  • #19
  • Aug 17, 2022 9:18am Aug 17, 2022 9:18am
Quoting Maximilian80
{quote} Hello, are you talking about USDCARD trading pair or anything else? Right now, I have on open trade position on that pair!
I was talking about GBPUSD. i want to take a short trade but maybe after fomc release, right now it is acting random...
  • #20
  • Aug 17, 2022 1:52pm Aug 17, 2022 1:52pm
Its time to short the cable, fomc did not have much impact.
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