Cable Update (GBPUSD) | Page 18958 | 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)

  • #379,141
  • May 26, 2014 8:47pm May 26, 2014 8:47pm
Quoting Luther
{quote} {quote} Here's Friday's GBPUSD chart from the conclusion of the trade I posted that morning and today's chart. I had a date so I didn't visit here Friday evening. The Dragon trade didn't go the way I hoped, so I closed that one at a small loss. The positive housing data pushed the DIXY up so GY didn't fall alongside GU. Shit happens.... {image} {image}
... on GU brother.

Yeah I was VERY tempted to short the beast too. But when I saw the indexes I decided to wait. UJ really pumped her up. That said, she's approaching tempting confluence levels now. ....

EDIT: Added 4H UJ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpymh4.png Size: 73 KB
Click to Enlarge Name: usdjpymh4.png Size: 67 KB
Ghost Rider - WWTBMD?
  • #379,142
  • May 26, 2014 8:49pm May 26, 2014 8:49pm
Pop

Come with me if you want to live....
  • #379,143
  • May 26, 2014 9:00pm May 26, 2014 9:00pm
I'm thinking a possible path for adding some longs.

GU - 1H
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 63 KB
Ghost Rider - WWTBMD?
  • #379,144
  • May 26, 2014 9:01pm May 26, 2014 9:01pm
Quoting albchr
{image}
Well done Sir, didn't see your trade there at first due to the colour scheme.

Nice to have you on board
Come with me if you want to live....
  • #379,145
  • May 26, 2014 9:03pm May 26, 2014 9:03pm
Quoting Ill-b-back
{quote} Well done Sir, didn't see your trade there at first due to the colour scheme. Nice to have you on board
Yeah, I mentioned it in my thread this morning. Been looking for one that's easy on the eyes at 2:30am. This one works well for that but looks like crap in the posts.
Ghost Rider - WWTBMD?
  • #379,146
  • May 26, 2014 9:09pm May 26, 2014 9:09pm
Quoting albchr
{quote} Yeah, I mentioned it in my thread this morning. Been looking for one that's easy on the eyes at 2:30am. This one works well for that but looks like crap in the posts.
I like Davits colour scheme.
Come with me if you want to live....
  • #379,147
  • May 26, 2014 9:15pm May 26, 2014 9:15pm
Quoting Ill-b-back
{quote} I like Davits colour scheme.
Me too. I may just go with it for all my charts.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfmdaily.png Size: 87 KB
Ghost Rider - WWTBMD?
  • #379,148
  • May 26, 2014 9:54pm May 26, 2014 9:54pm
Quoting Davit
{quote} Its interesting prior of your post I emptied my ignore list. Decided to tolerate everyone since market is made up of everyone. Why be scared of market {image}
I didn't see your post earlier because I had you on ignore. I did that because of the post you made about another trader here yesterday which you later deleted. It's fine to have an opinion, but there's no reason to attack other people.

There isn't only one to trade. Larry Levin does what he does which is completely opposite of what Paul Rotter does. Both are successful. Trading isn't a hobby for me, this is my work. I buy and sell aggressively and do around 50 turn arounds a day. Not taking large draw downs has nothing to do with being scared, it's simply not an efficient way to make money for my trading style and position size.

For someone like you who has other full time work and can't monitor their charts more consistently, a looser approach with wider stops and lower position sizes may work better, but that doesn't mean it's the only way to trade. You might want to consider that.

Peace.
  • #379,149
  • May 26, 2014 10:00pm May 26, 2014 10:00pm
Quoting albchr
{quote} Me too. I may just go with it for all my charts. {image}
I might too, White gets a bit bright at times.
Come with me if you want to live....
  • #379,150
  • May 26, 2014 10:02pm May 26, 2014 10:02pm
Quoting Ill-b-back
{quote} I might too, White gets a bit bright at times.
I just posted this in my journal..... Almost any color you put on it shows up nice.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 67 KB
Ghost Rider - WWTBMD?
  • #379,151
  • May 26, 2014 10:03pm May 26, 2014 10:03pm
Quoting Luther
{quote} I didn't see your post earlier because I had you on ignore. I did that because of the post you made about another trader here yesterday which you later deleted. It's fine to have an opinion, but there's no reason to attack other people. There isn't only one to trade. Larry Levin does what he does which is completely opposite of what Paul Rotter does. Both are successful. Trading isn't a hobby for me, this is my work. I buy and sell aggressively and do around 50 turn arounds a day. Not taking large draw downs has nothing to do with being...
Its all good.Criticism is well taken.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #379,152
  • May 26, 2014 10:04pm May 26, 2014 10:04pm
Quoting Davit
{quote} Its all good.Criticism is well taken. Green pips
Green pips to you as well.
  • #379,153
  • May 26, 2014 10:06pm May 26, 2014 10:06pm
Quoting albchr
{quote} I just posted this in my journal..... Almost any color you put on it shows up nice. {image}
I am glad you find pleasing.
In trading, you have to be defensive and aggressive at the same time
  • #379,154
  • May 26, 2014 10:13pm May 26, 2014 10:13pm
Quoting Davit
{quote} I am glad you find pleasing.
When it comes to appearance, I'll always defer to a talented artist.

The funny thing is Davit, I drove myself nuts trying to replicate it before I had your template. Then I finally realized you can copy and paste the color number combination into the chart fields. ....
Ghost Rider - WWTBMD?
  • #379,155
  • May 26, 2014 10:14pm May 26, 2014 10:14pm
Added shorts at 6880 2x 2x 69 2x 6920
Idea is selling the rallies in confluence with Euro devaluation.Draghi already made it clear low inflation+high Euro is undesirable cocktail.
97% positive correlation with GU
Plus harmonics
In trading, you have to be defensive and aggressive at the same time
  • #379,156
  • May 26, 2014 10:18pm May 26, 2014 10:18pm
Quoting albchr
{quote} When it comes to appearance, I'll always defer to a talented artist. The funny thing is Davit, I drove myself nuts trying to replicate it before I had your template. Then I finally realized you can copy and paste the color number combination into the chart fields. ....
Its custom color I created.Yes code...easier
In trading, you have to be defensive and aggressive at the same time
  • #379,157
  • May 26, 2014 10:22pm May 26, 2014 10:22pm
Quoting albchr
{quote} I just posted this in my journal..... Almost any color you put on it shows up nice. {image}
Just a tip If you make candle outlines black you'll be able to see tails and shapes better.

Dotted yellow line is NY close which is my New day.
Yellows show great on this color skim.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #379,158
  • May 26, 2014 10:39pm May 26, 2014 10:39pm
Quoting Davit
{quote} Just a tip If you make candle outlines black you'll be able to see tails and shapes better. Dotted yellow line is NY close which is my New day. Yellows show great on this color skim. {image}
I'm still playing with the scheme. The black works well. I do like some color too
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 66 KB
Ghost Rider - WWTBMD?
  • #379,159
  • May 26, 2014 10:41pm May 26, 2014 10:41pm
Quoting albchr
{quote} I'm still playing with the scheme. The black works well. I do like some color too {image}
lot better.
Tails are important to see right away.To me its almost unconscious.When it does not show boldly enough you may not take them seriously.To me candles are all about tails /wicks because it tells lot how price action is going
In trading, you have to be defensive and aggressive at the same time
  • #379,160
  • May 26, 2014 10:56pm May 26, 2014 10:56pm
Quoting Davit
{quote} lot better. Tails are important to see right away.To me its almost unconscious.When it does not show boldly enough you may not take them seriously.To me candles are all about tails /wicks because it tells lot how price action is going
Absolutely. Without the tails you can't see the actual structure of the PA. You can dip down to lower TF's like 15 and less to see it but when looking at 1H and up, the tails give it you at a glance.
Ghost Rider - WWTBMD?
325 traders viewing now