Cable Update (GBPUSD) | Page 22846 | 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)

  • #456,901
  • Dec 11, 2017 5:19pm Dec 11, 2017 5:19pm
Yesterday I posted Volatility Response Model (VRM) predictions for weekly and daily support levels for GBPUSD in post #456882. Here are the 30 minute mid-value charts of the results. All times are GMT-4. Top chart shows the weekly predicted levels. Bottom chart shows the daily predicted levels. The GBPUSD started the week bearish below all the VRM sentiment levels especially the weekly level 1.3425. The market took about 8 hours to break through the weekly VRM level 1.3362. And finally fell to the daily VRM level at 1.3328. To find out more about the Volatility Response Model (VRM) see the attached document. Predictions for 12 December to follow in next post.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-11-GBPUSD.png Size: 157 KB
Attached File(s)
File Type: pdf vrm-05.pdf   427 KB | 186 downloads
  • #456,902
  • Dec 11, 2017 5:20pm Dec 11, 2017 5:20pm
On the 1 hour we see the bears have reached the bear support and the average has made the LL.

Now we expect an upward bounce to stop the average and maybe turn it upwards.

If it doesn't then the next support is way down at 3140.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB
  • #456,903
  • Dec 11, 2017 5:37pm Dec 11, 2017 5:37pm
I will be using these predicted levels for GBPUSD starting after the New York close today from the Volatility Response Model (VRM). The daily predicted support and resistance levels last until 5 pm New York time tomorrow 12 December. 24 levels to the left are for the whole week. 24 levels to the right predict daily levels until the close of New York. The green and blue lines are the top, middle and bottom of long and short term trend channels. These levels will be major retracement and reversal levels for GBPUSD. The VRM is described in the attached document. I will upload charts at the New York close to show what happened.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 60 KB
Attached File(s)
File Type: pdf vrm-05.pdf   427 KB | 218 downloads
  • #456,904
  • Dec 11, 2017 6:33pm Dec 11, 2017 6:33pm
Quoting thejerre
{quote} Hey asgcorp, did u factor in the CPI numbers coming out tommorow regarding the GBP ....? I am looking for a long oppurtunity as well, but i am finding it tricky to trade ...w
Long???
Oh boy.

The "news" for 9:30 has been leaked and are bad. It's as obvious as it gets.

Sold already and adding after the usual stop hunt (about London open).
Target 1.3260 then 3040

Trade safe!!!

News!!! Hahaha
Beware of robber banks (RB), bad advisors.
  • #456,905
  • Dec 11, 2017 7:51pm Dec 11, 2017 7:51pm
Quoting asgcorp
if you don't see that on H4 cable got heavy protection from any selling pressure you shouldn't be trading this product, period.
As you know, i am already long on this. However, I don't really understand this heavy protection you speak of. Could you elaborate so I can understand better? Thank you..
  • #456,906
  • Dec 11, 2017 9:12pm Dec 11, 2017 9:12pm
i am long too but it seems pretty bad now.
  • #456,907
  • Dec 11, 2017 9:43pm Dec 11, 2017 9:43pm
Quoting honesttrader
i am long too but it seems pretty bad now.
You should be OK soon, what was your entry price
  • #456,908
  • Dec 11, 2017 9:49pm Dec 11, 2017 9:49pm
Quoting honesttrader
i am long too but it seems pretty bad now.
i just buy too..
testing if bull want to run in asia
only risk small sL..
green pips 4 all
just for a cup of coffee...
  • #456,909
  • Dec 11, 2017 10:36pm Dec 11, 2017 10:36pm
Quoting Nala66
{quote} You should be OK soon, what was your entry price
1.33490, 1.33997, 1.34149... all longs
  • #456,910
  • Dec 11, 2017 11:06pm Dec 11, 2017 11:06pm
Looks top heavy with TL break after the pattern completion
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 32 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Come with me if you want to live....
  • #456,911
  • Dec 11, 2017 11:20pm Dec 11, 2017 11:20pm
Inserted Video
  • #456,912
  • Dec 11, 2017 11:52pm Dec 11, 2017 11:52pm
Price is being squeezed between the Bull support and the descending average.

Something has to give soon, it has been at this level for 11 hours now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #456,913
  • Dec 12, 2017 12:10am Dec 12, 2017 12:10am
Quoting PayTheLimit
I'd like to see a break for 1.3330 before turning bearish.... {image}

still....maybe 1.3420 could be a decent resistance later this week....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB
Look Sharp/Trade Tight
  • #456,914
  • Dec 12, 2017 12:11am Dec 12, 2017 12:11am
Quoting honesttrader
{quote} 1.33490, 1.33997, 1.34149... all longs
Only 35 pips to go just to get back to break even
  • #456,915
  • Dec 12, 2017 12:36am Dec 12, 2017 12:36am
Quoting honesttrader
{quote} 1.33490, 1.33997, 1.34149... all longs
Dont worry..lol
  • #456,916
  • Dec 12, 2017 12:44am Dec 12, 2017 12:44am
also still keeping an eye on 150.35 in GJ, but I'd like to see a test today....good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 47 KB
Look Sharp/Trade Tight
  • #456,917
  • Dec 12, 2017 1:25am Dec 12, 2017 1:25am
The drying paint pattern.
13 hours sitting on bull support.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #456,918
  • Dec 12, 2017 1:37am Dec 12, 2017 1:37am
Quoting gka
I will be using these predicted levels for GBPUSD starting after the New York close today from the Volatility Response Model (VRM). The daily predicted support and resistance levels last until 5 pm New York time tomorrow 12 December. 24 levels to the left are for the whole week. 24 levels to the right predict daily levels until the close of New York. The green and blue lines are the top, middle and bottom of long and short term trend channels. These levels will be major retracement and reversal levels for GBPUSD. The VRM is described in the attached...
I don't know if they work, but I like the name....Hamiltonian
Look Sharp/Trade Tight
  • #456,919
  • Dec 12, 2017 1:44am Dec 12, 2017 1:44am
Duh! What is volatility, I have forgotten
  • #456,920
  • Dec 12, 2017 2:35am Dec 12, 2017 2:35am
Quoting Nala66
The drying paint pattern. 13 hours sitting on bull support. {image}
so i can expect my longs to turn green from red
300 traders viewing now