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Cable Update (GBPUSD)

  • #377,401
  • May 13, 2014 10:14am May 13, 2014 10:14am
Anyway, Have a great day folks. I'm already late...
Ghost Rider - WWTBMD?
  • #377,402
  • May 13, 2014 10:14am May 13, 2014 10:14am
Quoting albchr
{quote} That's because you keep looking for "one or the other". I'm BOTH! Pricea she go up? Ima buy. Pricea she go down? Ima sell. Just not every 5 minutes like you ... I'm caught between two very distinct worlds in trading Elbert. I have the desire, eye and view of a long term position trader. I have the account of an intraday scalper. Having to combine the two, I look for trades of no less than 30/40 pips to hold for an hour or more. Or I scalp (VERY rarely) for less. It's not easy being me... The market moves up and down constantly....
I CAN IMAGINE,, TODAY I HAVE ONLY TOOK 1 TRADE LONG 38. I HAVE A SHORT AT 51, X4 LOT AND A SHORT AT 82 ,I TOOK THE BREAK OUT LAST WEEK EURUSD WHEN I POSTED 90%SHORT ,JUST WAITING TO TP THAT ON THE DAY AS IT HITS THE 200 AND I HAVE A BUY AT THE SAME TIME ,THATS ME SIMPLE TRADING,, MONDAY I HAD MY FIRST TRADE OF THE DAY 20 PIPX4 LOT SO CAPITAL SPREADS HAS NOT MADE MUCH THIS WEEK,,I DO AGREE LAST WEEK TOTAL 19 TRADES ???
  • #377,403
  • May 13, 2014 10:14am May 13, 2014 10:14am
Quoting JimmyC
Off topic $SPX 500 All trading eyes are on this -> target is 1907 -> big psych level 1900 -> 1910 is pinned as big Profit taking area... Will be fun to watch {image}
First attempt failed top now 1898.4

DX @ 8015
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  • #377,404
  • May 13, 2014 10:20am May 13, 2014 10:20am
Quoting elbert3
{quote} I can imagine,, today i have only took 1 trade long 38. I have a short at 51, x4 lot and a short at 82 ,i took the break out last week eurusd when i posted 90%short ,just waiting to tp that on the day as it hits the 200 and i have a buy at the same time ,thats me simple trading,, monday i had my first trade of the day 20 pipx4 lot so capital spreads has not made much this week,,i do agree last week total 19 trades ???
Attached Image (click to enlarge)
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the 200 looks to be a good buy zone even to pull back to the emas pp 12 now 6813 is support gbusd if eur goes through the 200 gb might get taken with it
  • #377,405
  • May 13, 2014 10:21am May 13, 2014 10:21am
Quoting albchr
Anyway, Have a great day folks. I'm already late...
Cheers Chris
  • #377,406
  • May 13, 2014 10:22am May 13, 2014 10:22am
Quoting jimmyc
{quote} first attempt failed top now 1898.4 dx @ 8015 {image}
i have put pp on 6840 its looking sleepy,,6825 might of been the best tp, ?? HAVE TO PICK THE WIFE UP PRICE IS 37 NOW 3 SHORTS IS 41 TP,,,AND IF IT GOES DOWN FROM NOW UNTIL I RETURN TARGET 6783
  • #377,407
  • May 13, 2014 10:26am May 13, 2014 10:26am
Quoting elbert3
{quote} i have put pp on 6840 its looking sleepy,,6825 might of been the best tp, ??
Can do, depends if you want to let it run while you sleep. otherwise 25 is good. S1 is yes
  • #377,408
  • May 13, 2014 10:27am May 13, 2014 10:27am
intresting
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,409
  • May 13, 2014 10:29am May 13, 2014 10:29am
Quoting AllyB
{quote} same here that is why I like dustbins so well. going to try them on GU sorry, wrong chart {image}
well that test didn't work out today. pa did not respect those levels at all. back to the drawing board
  • #377,410
  • May 13, 2014 10:31am May 13, 2014 10:31am
in all honesty that s not going to hold ,take a look at a lot of $ weeklies then think is $ in a down trend
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD w1 13th (DFB).png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,411
  • May 13, 2014 10:38am May 13, 2014 10:38am
Bloomberg Cable view here

http://www.bloomberg.com/news/2014-0...efore-boe.html
  • #377,412
  • May 13, 2014 10:45am May 13, 2014 10:45am
why is called cable.. the gbpusd? thank you.
visit www.OlimpiaFX.com
  • #377,413
  • May 13, 2014 10:50am May 13, 2014 10:50am
Quoting AllyB
{quote} well that test didn't work out today. pa did not respect those levels at all. back to the drawing board
I'm going to try these...

GU M5 "Dustbin"
Attached Image (click to enlarge)
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  • #377,414
  • May 13, 2014 10:54am May 13, 2014 10:54am
Quoting olimpia
why is called cable.. the gbpusd? thank you.
http://i.investopedia.com/assets_v2/img/icon_book.png
Definition of 'Cable'

Slang used among forex traders referring to the exchange rate between the U.S. dollar and the British pound sterling. Because it is the norm in forex for most major currencies to be quoted against the U.S. dollar on a regular basis, "cable" is a commonly used term.

"Cable" can also be used to refer simply to the British pound sterling.

http://i.investopedia.com/assets_v2/img/icon_inv.png
Investopedia explains 'Cable'

For example, you may hear someone dealing with the forex market saying, "The cable is up today," or, "The cable has been trending lower lately."

The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. Forex brokers are sometimes referred to as "cable dealers".
  • #377,415
  • May 13, 2014 10:57am May 13, 2014 10:57am
Quoting JimmyC
Bloomberg Cable view here http://www.bloomberg.com/news/2014-0...efore-boe.html
The news is getting to be a pain in the ass lately. I don't think there is any reason after the crappy US data for the pound to be down today against the dollar,I'm long and I'm hoping maybe London is holding it down and the US traders will jump all over it after the close of London.
  • #377,416
  • May 13, 2014 11:05am May 13, 2014 11:05am
Quoting JimmyC
{quote} I'm going to try these... GU M5 "Dustbin" {image}
when Gleneagles and I started trading EJ he used the 40 pip levels and did very well. that was when EJ had over 200 ADR so should be interesting to see if 40 pips work on GU ... which hasn't had that high ADR lately.
  • #377,417
  • May 13, 2014 11:24am May 13, 2014 11:24am
pound is getting held at this level, but is craving to break down...but the wicks are saying theres buyers around....tommorrow we have some important uk data,job rate and inflation report.....given recent uk data these should be skewed to pound positive??....hope some anticipation comes soon and makes this rise
Attached Image (click to enlarge)
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  • #377,418
  • May 13, 2014 11:30am May 13, 2014 11:30am
According to Bloomberg, is it saying the unemployed rate is dropped below preview rate? I'm going to make a long trade 1.6830 again. Any advice?
  • #377,419
  • May 13, 2014 11:30am May 13, 2014 11:30am
I don't read buying in that chart ,just consolidation ,
not that it won't hold for mo ,it will break this week

Quoting ms1
pound is getting held at this level, but is craving to break down...but the wicks are saying theres buyers around....tommorrow we have some important uk data,job rate and inflation report.....given recent uk data these should be skewed to pound positive??....hope some anticipation comes soon and makes this rise {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,420
  • May 13, 2014 11:38am May 13, 2014 11:38am
I have moved my position eu and still hold nu so it don't matter to me ,but that swing is causing problem .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h1 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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