Cable Update (GBPUSD) | Page 22769 | 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)

  • #455,361
  • Oct 8, 2017 10:15pm Oct 8, 2017 10:15pm
Quoting csc2009
Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.
Why so limited? What's wrong with making a new high?
  • #455,362
  • Oct 9, 2017 12:56am Oct 9, 2017 12:56am
Inserted Video
  • #455,363
  • Oct 9, 2017 1:57am Oct 9, 2017 1:57am
Hello all,
Anyone here is trading with thinking as "limited risk", mean, using correlation or hedging?

Cheers
Seb
  • #455,364
  • Oct 9, 2017 2:04am Oct 9, 2017 2:04am
Spike. A real life example.

Quoting Lock
{quote} What you've just seen is not a spike. A spike could occur in the last periods of a session and it is generally a test, in one particular direction, that could be verified only at the open of the next similar session. Let's say at the end of the US session you see a spike upside.
Quoting Lock
Then the US session ends and we could not know if this test is accepted by US participants until next US session will open. At that moment in time you could see the reaction of the market to the new price location.
Quoting Lock
Also at that moment in time US participants will know how other previous market participants reacted to their previous test. In our example, we saw a test upside, then if at next US session open price will be above spike base, US participants will understand that their test has yet to be tested upside as other markets participants accepted at least in part their final efforts upside.
Quoting Lock
If instead at next US open we will see price below the spike base, then US participants will know that other market participants (in this case overnight participants) rejected their last test upside. As a consequence of this we could apply spike rules at session open in case of a spike made during the previous session:
Quoting Lock
if price will open above spike base, odds are in favor to a new attempt upside and maybe even continuation. If price will be below spike, odds will be in favor of continuation downside, at least initially, as prices upwards have been, for now, rejected. Obviously if the spike is downside the reaction could intended exactly at the opposite.
GB opened above Friday GB spike upside base at 3082: spike rules apply.
Ubi maior minor cessat
  • #455,365
  • Oct 9, 2017 4:41am Oct 9, 2017 4:41am
yes but they have resource's not available to a lone trader
the fact is Fundamental is being worked out by someone long in advance
it will be Banks
besides > it's my thinking most are not able to figure out the main issues or focus
I tell you one thing I bet they all use charts , I'd be interested to see that projection based only on Fundamentals you see now
all im saying is BOE have been very wrong in recent times ,
actually their original GDP projection post-Brexit was 0.8
last week much worried about services pmi was in the green


Quoting Fader123
{quote} Just think what do - do hedge funds and investment banks and the top forex traders have in common They all use fundamentals. And it's about understanding sentiment On GDP http://www.express.co.uk/finance/cit...mmets-GDP-down Getting back to your question it's late here and I will put something down this week.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,366
  • Oct 9, 2017 4:42am Oct 9, 2017 4:42am
where the hell is the resistance in this thing, that's what I want to know...
Look Sharp/Trade Tight
  • #455,367
  • Oct 9, 2017 4:46am Oct 9, 2017 4:46am
the focus that could drive this is inflation as I see it
weaker £ is the last thing needed
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,368
  • Oct 9, 2017 4:59am Oct 9, 2017 4:59am
if you want sentiment...
BOE have to act in a positive £ way there's no other option on the table and Conservatives would be mad as hatters to think change is good right now
Attached Image (click to enlarge)
Click to Enlarge Name: 200 gbp Screenshot 2017-10-09_10-53-51.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,369
  • Oct 9, 2017 5:01am Oct 9, 2017 5:01am
Quoting PayTheLimit
where the hell is the resistance in this thing, that's what I want to know...
right here... first trade of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #455,370
  • Oct 9, 2017 5:05am Oct 9, 2017 5:05am
Quoting PayTheLimit
where the hell is the resistance in this thing, that's what I want to know...
very directionless
  • #455,371
  • Oct 9, 2017 5:06am Oct 9, 2017 5:06am
Short now.
SELL GBP/USD 1.3149.
STOP LOSS 1.3179
TARGET 1.3075
It's a big game.
  • #455,372
  • Oct 9, 2017 5:09am Oct 9, 2017 5:09am
Quoting Don96
{quote} right here... first trade of the week. {image}
damn it...


I had something at 44, but I passed, looking higher, what else you gots kid?
Look Sharp/Trade Tight
  • #455,373
  • Oct 9, 2017 5:17am Oct 9, 2017 5:17am
don't aim through the open till you see it
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,374
  • Oct 9, 2017 5:22am Oct 9, 2017 5:22am
Quoting PayTheLimit
{quote} damn it... I had something at 44, but I passed, looking higher, what else you gots kid?
A lot bloody higher

Why trade of a potential resistance and not off the actual supports is beyond me.
  • #455,375
  • Edited 5:36am Oct 9, 2017 5:25am | Edited 5:36am
Quoting Nala66
{quote} A lot bloody higher Why trade of a potential resistance and not off the actual supports is beyond me.

where ya support then, I'm starting to think 3100 might be one...but I'm no so convinced right this second...
Look Sharp/Trade Tight
  • #455,376
  • Oct 9, 2017 5:31am Oct 9, 2017 5:31am
To my oppinon down trend is over. I bought with a purpose 1.3684 (a mid-term trade). In the nearest future for an intraday trading I am going to search a better price for long positions only.
Attached Image
  • #455,377
  • Oct 9, 2017 5:50am Oct 9, 2017 5:50am
Quoting Bones
if you want sentiment... BOE have to act in a positive £ way there's no other option on the table and Conservatives would be mad as hatters to think change is good right now {image}
Bones your chart is like an index indicator, combining all the pairs/7
  • #455,378
  • Oct 9, 2017 5:54am Oct 9, 2017 5:54am
yea it's that calculation on the chart
unlike weighted usdx

Quoting Trade-G
{quote} Bones your chart is like an index indicator, combining all the pairs/7
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,379
  • Oct 9, 2017 6:12am Oct 9, 2017 6:12am
sold some 3172, risk 10...quick and painless donation
Look Sharp/Trade Tight
  • #455,380
  • Oct 9, 2017 6:16am Oct 9, 2017 6:16am
see how channel hold ,def the weekly =not trustworthy at all now
Attached Image (click to enlarge)
Click to Enlarge Name: 250 Screenshot 2017-10-09_12-14-32.png Size: 72 KB


Quoting Bones
2510099 {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
895 traders viewing now