Cable Update (GBPUSD) | Page 20973 | 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)

  • #419,441
  • Sep 16, 2015 8:11am Sep 16, 2015 8:11am
lol no I'm not ,I think it will go higher

Quoting Hickson
{quote} Are you serious? lol ... well, sometimes it holds, sometimes not? But you can never know, pivots are pivots lol
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,442
  • Sep 16, 2015 8:19am Sep 16, 2015 8:19am
Quoting Bones
really such a surprise that pivot held ,really random {quote} {image}
I made an EA, which do nothing trade, just I let him to back test to historical data.
I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time)

I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one.
Sadly the result was random enough ( 45-55% probability)

I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again.

Ony 2-3 candles can be found on 5M chart which has a probability around 75% for relative prev candle direction and is movement in average barely covers the spread + comission.

I havn't tested with Pivot Point, because:
- the daily candle vary from Boker to broker: GMT, EST, PST daily candles aren't the same
- if a day has low movement then the R1,S1..R1,S3 are close enough to be touched, bypassed even the level 3 on the next day.
- to many type of formulas are to calculate the Pivot, just check the S3,R3 value on different sites: http://www.forexfactory.com/showthread.php?t=556700 6 site 6 diff value?
I want to buy PATIENCE
  • #419,443
  • Sep 16, 2015 8:22am Sep 16, 2015 8:22am
Quoting matheszabi
{quote} I made an EA, which do nothing trade, just I let him to back test to historical data. I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time) I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one. Sadly the result was random enough ( 45-55% probability) I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again. Ony 2-3 candles...
so in lay mans terms where will it go,,regardsE
Attached Image (click to enlarge)
Click to Enlarge Name: 1 h.png Size: 52 KB
  • #419,444
  • Sep 16, 2015 8:28am Sep 16, 2015 8:28am
charts are made by humans ,
you wont get a computer to act like one yet


Quoting matheszabi
{quote} I made an EA, which do nothing trade, just I let him to back test to historical data. I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time) I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one. Sadly the result was random enough ( 45-55% probability) I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again. Ony 2-3 candles...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,445
  • Sep 16, 2015 8:33am Sep 16, 2015 8:33am
pivot = calculation
S/R is by your eye from price


Quoting Marco-Kanto
Can someone please explain to me the difference between a pivot point and S/R line? I'm confused!! Many thanks guys!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,446
  • Sep 16, 2015 8:34am Sep 16, 2015 8:34am
Quoting Bones
pivot = calculation S/R is your by eye from price {quote}
Thanks Bones!

Can you point me in the right direction for some info on the pivot calculation please.

Thanks man!
Focus.
  • #419,447
  • Sep 16, 2015 8:35am Sep 16, 2015 8:35am
Quoting elbert3
{quote} so in lay mans terms where will it go,,regardsE{image}
Attached Image


I think he has moved enough for today

+
Resistance zone expected

=> I set a few short pending orders above the price
I want to buy PATIENCE
  • #419,448
  • Sep 16, 2015 8:36am Sep 16, 2015 8:36am
for that its better to let your platform do ,for mt4 you can download off FF


Quoting Marco-Kanto
{quote} Thanks Bones! Can you point me in the right direction for some info on the pivot calculation please. Thanks man!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,449
  • Sep 16, 2015 8:37am Sep 16, 2015 8:37am
Quoting Marco-Kanto
{quote} Thanks Bones! Can you point me in the right direction for some info on the pivot calculation please. Thanks man!
You don't deserve Internet if you can't use Google : https://en.wikipedia.org/wiki/Pivot_...nical_analysis)
I want to buy PATIENCE
  • #419,450
  • Sep 16, 2015 8:40am Sep 16, 2015 8:40am
thats right its gone up 142 pips today ,best thing is short now without any price confirmation


Quoting matheszabi
{quote} {image} I think he has moved enough for today + Resistance zone expected => I set a few short pending orders above the price
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,451
  • Sep 16, 2015 8:44am Sep 16, 2015 8:44am
Quoting Bones
for that its better to let your platform do ,for mt4 you can download off FF {quote}
I'm a mac man Bones - so I'm running MT4 on mobile devices - I use Trade Interceptor on my desktop to make more refined decisions (ie how to throw all my money away) - do you know anything that could help me out on these platforms?

Thanks Bones.
Focus.
  • #419,452
  • Sep 16, 2015 8:45am Sep 16, 2015 8:45am
Quoting matheszabi
{quote} You don't deserve Internet if you can't use Google : https://en.wikipedia.org/wiki/Pivot_...nical_analysis)
I'd rather take direct advice from those here than anything else - but I'll read up on that Wiki entry. Thanks!
Focus.
  • #419,453
  • Sep 16, 2015 8:45am Sep 16, 2015 8:45am
Quoting Bones
thats right its gone up 142 pips today ,best thing is short now without any price confirmation {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: weakening.png Size: 45 KB

It is already weaking, I don't expect to be a spike down.

Also I am not targeting 200 pip
I want to buy PATIENCE
  • #419,454
  • Sep 16, 2015 8:49am Sep 16, 2015 8:49am
Hi Marco ,im also Mac ,its a personal opinion but I'm not a lover MT4 ,I use Pro realtime I don't know Interceptor ,hey look its easier to learn from someone ,than a book ,lots good guys here

Quoting Marco-Kanto
{quote} I'm a mac man Bones - so I'm running MT4 on mobile devices - I use Trade Interceptor on my desktop to make more refined decisions (ie how to throw all my money away) - do you know anything that could help me out on these platforms? Thanks Bones.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,455
  • Sep 16, 2015 9:00am Sep 16, 2015 9:00am
well I see the res ,but nothing to say no higher now ,poss consolidation ,

Quoting matheszabi
{quote} {image} It is already weaking, I don't expect to be a spike down. Also I am not targeting 200 pip
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,456
  • Sep 16, 2015 9:01am Sep 16, 2015 9:01am
Quoting Bones
Hi Marco ,im also Mac ,its a personal opinion but I'm not a lover MT4 ,I use Pro realtime I don't know Interceptor ,hey look its easier to learn from someone ,than a book ,lots good guys here {quote}
THANK YOU BONES. I've been looking for a direct recommendation on software. I'll check it out.
Focus.
  • #419,457
  • Sep 16, 2015 9:11am Sep 16, 2015 9:11am
50% fib worth a pull back ???
  • #419,458
  • Sep 16, 2015 9:18am Sep 16, 2015 9:18am
Quoting edyraper
{quote} {image} and some thing like this . {image}
who wants to short 5529 & 5567
  • #419,459
  • Sep 16, 2015 9:32am Sep 16, 2015 9:32am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 186 KB
  • #419,460
  • Sep 16, 2015 9:36am Sep 16, 2015 9:36am
Who is going to short? Again after hour uncertainty came then it will move down again till fed release. As per me 450 is on card..
276 traders viewing now, 2 are registered:
toju.fx
,