Cable Update (GBPUSD) | Page 17024 | 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)

  • #340,461
  • May 10, 2013 8:19am May 10, 2013 8:19am
Quoting eitan1010
{quote} point of view...history{image}
Yes, but that left candle reference you have occurred above monthly support, we have reversed from below support and this reference I have highlighted in blue from April/May 2010 maybe more relevant.


I would bank profits if I had them. If we short north again and break the high, you can wait for a pullback to get back in.

Just my view
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 33 KB
Come with me if you want to live....
  • #340,462
  • May 10, 2013 8:22am May 10, 2013 8:22am
Quoting Ill-b-back
{quote} Yes, but that left candle reference you have occurred above monthly support, we have reversed from below support and this reference I have highlighted in blue from April/May 2010 maybe more relevant. I would bank profits if I had them. If we short north again and break the high, you can wait for a pullback to get back in. Just my view {image}
sorry, more like this I think
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 34 KB
Come with me if you want to live....
  • #340,463
  • May 10, 2013 8:22am May 10, 2013 8:22am
Close to lower channel line, soon be time to be going long again imho.
  • #340,464
  • May 10, 2013 8:23am May 10, 2013 8:23am
Quoting -sonny-
{quote} maybe , maybe not we will see , can you see more clear now ? {image}
Yes that's much better I think , I'm mobile can not see charts ,prob hold for now but not later I don't think
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,465
  • May 10, 2013 8:23am May 10, 2013 8:23am
Quoting Ill-b-back
{quote} Yes, but that left candle reference you have occurred above monthly support, we have reversed from below support and this reference I have highlighted in blue from April/May 2010 maybe more relevant. I would bank profits if I had them. If we short north again and break the high, you can wait for a pullback to get back in. Just my view {image}



TY
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,466
  • May 10, 2013 8:24am May 10, 2013 8:24am
Quoting Robby
That is right it's not. I was only saying that you haft to get into the habits of protecting each trade. To let a trade go from + to - is stupid. Yes everyone has their own trading style and system or way to look at the data. Just like my trade. The trade is +, if the trade turns - witch it cannot due to stops set before it will go -, but if it dose then I haft to re-valuate why did this happen. I take each position and it stands on it's own. Sometime people hold on too their positions. When you do this and let that develop, it can really cause...
Come with me if you want to live....
  • #340,467
  • May 10, 2013 8:26am May 10, 2013 8:26am
Quoting eitan1010
{quote} point of view...history{image}
there is big difference this time eitan.. in 2010 the rising candle closed at the res level at an intersection with tl. when the new candle was opened it tested the res that become support with the help of the confluence with the tl, so the market found strong support and it went bull side. this time around the res at 5600 pushed the price down to the the edge of the rising channel as other traders kindly posted on their charts. so knowing the involved fundies and the fact that this week's candle is about to close in some ours. if these hours don't make a very acrobatic move to the north, then i am thinking our south target should 5260ish as a start.

once there we will want to look for the reaction with the 2 bar old rising weekly tl..

cheers

EDIT: 2 bar old rising monthly tl.. sorry
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,468
  • May 10, 2013 8:34am May 10, 2013 8:34am
Quoting Init Twinnit
Close to lower channel line, soon be time to be going long again imho.
Same to me! i will go long this supports
  • #340,469
  • May 10, 2013 8:42am May 10, 2013 8:42am
traders are loading their opposing positions around 5400 based on their biases now
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,470
  • May 10, 2013 8:44am May 10, 2013 8:44am
Short end of the stick anyone? This pair has very stubborn lately lagging behind all the rest. Looks like its finally catching up with the rest going down. Really, all you have to do is look at the longer term trends and you will see everything unfolds in a recurring pattern. I am not surprised at all by this movement. Forex will make me a billionaire very soon.
  • #340,471
  • May 10, 2013 8:50am May 10, 2013 8:50am
Quoting Robby
I gave up trying to turn the light on. Why I do not say anything. Only one why you can learn that you have not read it correctly. You haft to pay, pay and pay until you do learn how to read it correctly!{quote}
Yea I know all about this. When I became a member of this forum in 2009 I used to constantly read through the forums and the things i read amazed me. People would ridicule me severely and they couldnt even read a basic Elliot Wave chart. Yet many of these people have a lot of vouchers, which are overrated to me. Anyway, I slowly started to realize it seems most people here are scalpers or day traders. Swing and position traders do not seem prominent on this site. All we can do is keep showing people the evidence and hopefully they will come to the awareness of why looking at the longer term trends first instead of the short term is the best way to make money on the forex market.
  • #340,472
  • May 10, 2013 8:51am May 10, 2013 8:51am
Hi Chaps

Wonder if you can help. I am looking to change my broker and I have had a look at Hantec Markets as broker. Has anyone used them and experiences on using them through MT4 platform. Any feedback would be aprieciated. Thanks in advance.
  • #340,473
  • May 10, 2013 8:53am May 10, 2013 8:53am
i am recommending FXCM
  • #340,474
  • May 10, 2013 8:54am May 10, 2013 8:54am
Quoting Robby
That is right it's not. I was only saying that you haft to get into the habits of protecting each trade. To let a trade go from + to - is stupid. Yes everyone has their own trading style and system or way to look at the data. Just like my trade. The trade is +, if the trade turns - witch it cannot due to stops set before it will go -, but if it dose then I haft to re-valuate why did this happen. I take each position and it stands on it's own. Sometime people hold on too their positions. When you do this and let that develop, it can really cause...

My sentiments exactly. What are you doing trading on the forex market if all you are doing is picking based on your emotions or a blind call? It's good to see people on here who are aware of the dynamics of trading. We need more people like that on here to keep the day traders from going astray and losing all their money.
  • #340,475
  • May 10, 2013 9:06am May 10, 2013 9:06am
Quoting TTTaha
i am recommending FXCM
Worst broker ever... huge slippage and shady price feed....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,476
  • May 10, 2013 9:08am May 10, 2013 9:08am
long @ 15380 to see if cable will back to 1.5430
  • #340,477
  • May 10, 2013 9:08am May 10, 2013 9:08am
Quoting ferreira1239
Hi Chaps Wonder if you can help. I am looking to change my broker and I have had a look at Hantec Markets as broker. Has anyone used them and experiences on using them through MT4 platform. Any feedback would be aprieciated. Thanks in advance.
Try pepperstone, thats what im using... love their spreads. though be careful not to trade during the NYClose/Asian Open hour...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,478
  • May 10, 2013 9:11am May 10, 2013 9:11am
to me forex is a business.. a business needs capital, analysis, and decision making. then comes operation, investment and cost, management and continuous risk management. which if done above a certain level of success, leads to profit.

now businesses are of different sizes, visions and objectives. some have long term and short term visions. others use a mixed approach. and you can reflect all that with doing your business on forex.

at the of the day, a winner sleeps happy whether long term or short term, big capital and investment, or small. what matters is the green bottom line!

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,479
  • May 10, 2013 9:14am May 10, 2013 9:14am
Heres me being a dick.
Attached Image
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,480
  • May 10, 2013 9:17am May 10, 2013 9:17am
Quoting ForexRatVN
long @ 15380 to see if cable will back to 1.5430
do u have an sl, limit, or stop at a particular level if things continue south?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
524 traders viewing now