Cable Update (GBPUSD) | Page 21421 | 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)

  • #428,401
  • Apr 14, 2016 3:03pm Apr 14, 2016 3:03pm
Quoting Luzbay
Next sell @1.4170?
It didn't look I was going to get my 1.4170, so I sold at 1.41567.

SL @ 1.42119
TP @ 1.40645
  • #428,402
  • Apr 14, 2016 4:04pm Apr 14, 2016 4:04pm
closed out all remaining shorts
Come with me if you want to live....
  • #428,403
  • Apr 14, 2016 4:14pm Apr 14, 2016 4:14pm
Quoting Davit
{quote} Hi friend Difference is I love range.I make good money trading range.Its weird that range scares the crap out of people but its the best time scalping and fast account building I look for it often Best way to trade range is direction of probable breakout not both ways.Should it break out you would be in best position.If not then you get out with $$ I most likey will get in on GU longs should it test low mini swings 4130-40
good post regards B http://assets.forexfactory.net/nfs/c...ic357657_1.gif
  • #428,404
  • Apr 14, 2016 4:30pm Apr 14, 2016 4:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: W.png Size: 77 KB
if you think trading is easy look at a condensed weekly trade
  • #428,405
  • Apr 14, 2016 8:07pm Apr 14, 2016 8:07pm
Quoting nealpek
If it works for you, awesome!!
Actually, it's not a situation of MA's only working for me but they (MA's) also work for many other people as well. One such as example is the highly successful trader named Marty Schwartz. He was one of the traders interviewed in the acclaimed book "Market Traders". Here is what he said about MA's:

"I always check my charts and the moving averages prior to taking a position. Is the price above or below the moving average? That works better than any tool I have. I try not to go against the moving averages; it s self-destructive."

In my opinion (and many other people's opinion as well) MA's are the best indicator to use for trading. If someone else trades without MA's and it works for them, then good for them. But if they would properly incorporate MA's into their system then maybe their results would be even better.
"Trading is a mental sport." - Ziad Masri
  • #428,406
  • Apr 14, 2016 8:28pm Apr 14, 2016 8:28pm
Quoting PatienceFx
{quote} trading with 20 SMA is the simplest, yet easiest technique with almost 85% win rate every kiss of 20 ma is a new trade {image}
Hi PatienceFX,

May I know how you decide the direction once the price reaches 20 SMA ? If possible please explain this technique from basics to enlighten newbies like me....Any article/link/study material can learn these techniques ?
Thanks.
  • #428,407
  • Apr 14, 2016 8:58pm Apr 14, 2016 8:58pm
Quoting Davit
{quote} Very true but lot of traders like making $$ daily and sometimes market just ranges.One should develop 2 strategies one for trending another for ranging I go in and out of both styles depending market conditions. In fact made over 2k pips on AC on range alone in March.Can back this up with stats if needed
Hi Davit,

Could you give some tips on how to learn trading in range markets ? Most of the time, I failed in trading range markets which I need to learn where I am going wrong.
  • #428,408
  • Apr 14, 2016 9:00pm Apr 14, 2016 9:00pm
GBP USD updated/revised H4 EW projection. minor 4200 - (B) to 3960 - (C) to 4440.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 401 KB
  • #428,409
  • Apr 14, 2016 9:18pm Apr 14, 2016 9:18pm
dollar index H4 EW count. 5 wave impulse structure still more room on the downside. followed by a/b/c in May 2016.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 377 KB
  • #428,410
  • Apr 14, 2016 10:01pm Apr 14, 2016 10:01pm
GBPUSD

The cable is undergoing a range market. This is the general forecast for those who wish to trade range market.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 77 KB
I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental
  • #428,411
  • Apr 14, 2016 10:02pm Apr 14, 2016 10:02pm
Quoting rhari139
{quote} Hi PatienceFX, May I know how you decide the direction once the price reaches 20 SMA ? If possible please explain this technique from basics to enlighten newbies like me....Any article/link/study material can learn these techniques ? Thanks.
i read bones
  • #428,412
  • Apr 14, 2016 10:06pm Apr 14, 2016 10:06pm
I'm sure Tony appreciates that.
Ghost Rider - WWTBMD?
  • #428,413
  • Apr 14, 2016 10:16pm Apr 14, 2016 10:16pm
Bones reading technique

watch the difference between m5 and h1 ;; its that simple

Attached Image
Attached Image
  • #428,414
  • Apr 14, 2016 10:28pm Apr 14, 2016 10:28pm
chances are i will not trade today, because i am looking at an account killer pa ahead for the next 4 to 8 hours
  • #428,415
  • Apr 14, 2016 10:39pm Apr 14, 2016 10:39pm
Quoting rhari139
{quote} Hi Davit, Could you give some tips on how to learn trading in range markets ? Most of the time, I failed in trading range markets which I need to learn where I am going wrong.
Hi R
1st some pairs like AC range lot more then others.If you pull a chart on h4 h1 you'll see the swings going up and down.
Example today AU just closed 3 trades
PA is indecisive.When price is indecisive its starts ranging or accumulating.In short 70% of forex is in some form of range.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #428,416
  • Edited 10:58pm Apr 14, 2016 10:45pm | Edited 10:58pm
Look at AC since Dec 2016 its been in narrow range of 125-140pips but most times less then 100
Had you taken bull or bear would of won many pips.Its important to see this clearly.
I just about sold every swing top almost without exception.
Below sample of my AC trades closed.
Its important to understand that trending pairs are actually a minority.Even GU EU has been in a range for some time now.
Best way to see this on the chart I can't really explain it.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 56 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #428,417
  • Apr 14, 2016 10:47pm Apr 14, 2016 10:47pm
Quoting Davit
{quote} Hi R 1st some pairs like AC range lot more then others.If you pull a chart on h4 h1 you'll see the swings going up and down. Example today AU just closed 3 trades PA is indecisive.When price is indecisive its starts ranging or accumulating.In short 70% of forex is in some form of range. {image}
also keep in mind

AUS open = low liquidity
AUS open + Jap Open = some liquidity
AUS Open + Jap Open + Europe open = more liquidity
then AUS closes
Jap Open + Europe + London Open = max liquidity

max liquidity = safe trading zone

safe trading zone = safe profits more movements

if you still loose money then its safer to donate to WHO
  • #428,418
  • Apr 14, 2016 10:49pm Apr 14, 2016 10:49pm
going long 4158 pa has some potential ; SL 1.4148
  • #428,419
  • Apr 14, 2016 11:00pm Apr 14, 2016 11:00pm
welcome to collection.Had enough of your mindless posts
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #428,420
  • Apr 14, 2016 11:06pm Apr 14, 2016 11:06pm
Quoting Davit
welcome to collection.Had enough of your mindless posts {image}
return gift

Attached Image
197 traders viewing now, 5 are registered:
,
CPUmice
,
,
,
Gbpusdfreakk