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Cable Update (GBPUSD)

  • #337,441
  • Mar 21, 2013 6:13am Mar 21, 2013 6:13am
Quoting Bones
Actually I agree nothing wrong if you know what your doing ,your ready ..
Im trying to help you that is not a pattern at all
I typically don't use a lower time frame than 1HR unless it is alongside a higher one.

You are most likely right, even on my more limited experience I only saw it as being just about one.
  • #337,442
  • Mar 21, 2013 6:19am Mar 21, 2013 6:19am
Quoting blobsaudio
I typically don't use a lower time frame than 1HR unless it is alongside a higher one.

You are most likely right, even on my more limited experience I only saw it as being just about one.
gbp best on daily, weekly, hour 1 and hour4.

best to use buy/ sell stop on it! . because its volatile and decisive in his pushes.
  • #337,443
  • Mar 21, 2013 6:20am Mar 21, 2013 6:20am
Quoting NavExpert
But we can't ignore the news that's coming out today. 2 hours away, Unemployment Claims comes out will push it down. Then the existing house sales would push it down more, then finally It could hit a strong rejection on it's way down and fly up.
I am sure you have good experience about NEWS and the area of pair swinging
May some direction caused pair runs down or up for short time after news but it get back to levels and area which has been decided by big investors that's the reason Pro-traders suggest never trust to news it's history. as you can see i predict levels since 2 days ago
Don’t follow someone else’s trading advice blindly
  • #337,444
  • Mar 21, 2013 6:24am Mar 21, 2013 6:24am
Quoting 5percent
gbp best on daily, weekly, hour 1 and hour4.

best to use buy/ sell stop on it! . because its volatile and decisive in his pushes.
I have never been able to get buy stops and sell stops to work in MT4. Always tells me my SL or TP is wrong.
  • #337,445
  • Mar 21, 2013 6:28am Mar 21, 2013 6:28am
Quoting NavExpert
But we can't ignore the news that's coming out today. 2 hours away, Unemployment Claims comes out will push it down. Then the existing house sales would push it down more, then finally It could hit a strong rejection on it's way down and fly up.
How can you be so sure US news later will push this pair down? Well, you cant trust or predict news impact, trust me you just cant. Retail sales before, I read everybody predict that will cause gbpusd going south, and look where are we now?
  • #337,446
  • Mar 21, 2013 6:32am Mar 21, 2013 6:32am
Quoting Higuain
How can you be so sure US news later will push this pair down? Well, you cant trust or predict news impact, trust me you just cant. Retail sales before, I read everybody predict that will cause gbpusd going south, and look where are we now?
While I said that, doesnt mean I am long, honestly I am short and still underwater at 1.5175 right now, if data later push this pair down then good I can exit my trade, but if it's going to break 1.5221 cleanly, I think I'm going to take my losses and move on. Make it simple
  • #337,447
  • Mar 21, 2013 7:21am Mar 21, 2013 7:21am
Better than expected retail sales figures lifted this one up where it gapped, upward momentum!
  • #337,448
  • Mar 21, 2013 7:33am Mar 21, 2013 7:33am
theres a difference between limit and stop order


Quoting blobsaudio
I have never been able to get buy stops and sell stops to work in MT4. Always tells me my SL or TP is wrong.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,449
  • Mar 21, 2013 7:37am Mar 21, 2013 7:37am
Quoting Bones
theres a difference between limit and stop order
Tried both, can get neither to work.
  • #337,450
  • Mar 21, 2013 8:02am Mar 21, 2013 8:02am
Quoting blobsaudio
Tried both, can get neither to work.
On Demo or a far away price, try swapping SL and TP
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,451
  • Mar 21, 2013 8:33am Mar 21, 2013 8:33am
Quoting NavExpert
But we can't ignore the news that's coming out today. 2 hours away, Unemployment Claims comes out will push it down. Then the existing house sales would push it down more, then finally It could hit a strong rejection on it's way down and fly up.
banking profit.
  • #337,452
  • Mar 21, 2013 8:34am Mar 21, 2013 8:34am
As I told before, always place short positions when you see the cable at a mountain

Enjoy trading by a VERY POOR CABLE
  • #337,453
  • Mar 21, 2013 8:38am Mar 21, 2013 8:38am
For GPBUSD I think to put an order for selling and take profit here I want to point at 1.51165 stop loss in this case 1.51805. Have a nice day.
  • #337,454
  • Mar 21, 2013 8:59am Mar 21, 2013 8:59am
We went up and we went down, but the 5100s are still in town
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,455
  • Mar 21, 2013 9:01am Mar 21, 2013 9:01am
i dont like this week cause we are turning about 5100 axis up down up down and again going back to 5100.
i see no clear direction for now. maybe next week it will hit 4900 then would be nice to continue to sell pound. i think in long term pound is bearish.
about 5 or 6 times we hit 5190 and then go back lower. i thing 5200 is very strong resistance that would not be broken in the near term.
no 5200 then go to 4900 then. simple logic.
  • #337,456
  • Mar 21, 2013 9:02am Mar 21, 2013 9:02am
1.5200 . 1.5180 still holding . Important for price to gain control there for the bulls.

1.52/1.518 bear still in control of this big range. Let's see today's closing.
  • #337,457
  • Mar 21, 2013 9:04am Mar 21, 2013 9:04am
Quoting 5percent
1.5200 . 1.5180 still holding . Important for price to gain control there for the bulls.

1.52/1.518 bear still in control of this big range. Let's see today's closing.
today we will slide to 5100 again. i got a feeling. but we will not see 5300 thats for sure. maybe after 2 weeks. maybe

Looks like those big hands who long 4832 loosing its desire to continue longing program. i would say big hands are staying away from market and will come suddenlly at friday everning and SELL pound to 4900
  • #337,458
  • Mar 21, 2013 9:07am Mar 21, 2013 9:07am
Quoting Thfc
After a good day yesterday +107 pips and a good start to today + 27 pips, very keen not to give any back. My bias is to the short side in anticipation of poor retail sales news and looking to the low 1.50s however I shall not be entering a short until we get up around 1.517 and start building them from there. If retail sales news good, then will reevaluate as could go as high as 1.5250 today, but news would have to be exceptionally positive from the UK supported by weak US news.
Out for +50 from 5185 should be time for another trade before london closes
  • #337,459
  • Mar 21, 2013 9:08am Mar 21, 2013 9:08am
I did analysis and resulted that we will never see 1.5300 at least for some months. Now, it is going to 1.4.... again.

Quoting Trader88q
today we will slide to 5100 again. i got a feeling. but we will not see 5300 thats for sure. maybe after 2 weeks. maybe

Looks like those big hands who long 4832 loosing its desire to continue longing program. i would say big hands are staying away from market and will come suddenlly at friday everning and SELL pound to 4900
  • #337,460
  • Mar 21, 2013 9:20am Mar 21, 2013 9:20am
But it did break 1.52, just didn't go higher to test 1.522.
A 1 pip gain is better than a 1 pip loss.
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