Cable Update (GBPUSD) | Page 23034 | 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)

  • #460,661
  • May 21, 2018 10:40am May 21, 2018 10:40am
Quoting Luzbay
{quote} How have you defined that it's a low risk period, out of interest? Cheers!
Not a low risk period but a low risk price so only trade short if it stays below if it moves above you can usually close for a min loss ie low risk

I use some cycle lines in my trading 1.3411 pops up as one so I take a simple view that it's long above and short below.

Sorry if I misled I should have explained more.
All charts/ideas based on UK time zone
  • #460,662
  • May 21, 2018 11:42am May 21, 2018 11:42am
The GBPUSD breaks below the 1.3500 level and falls to the 1.3400 level, which is currently acting as a support. None the less, the bearish trend is still in place on the GBPUSD and a visit to the 1.3200 level is still possible.
  • #460,663
  • May 21, 2018 4:22pm May 21, 2018 4:22pm
Quoting Kajos2250
{quote} GU D1 GMT+2 massive bearish momentum, load more short. bearish belthold followed bears control, base is building. sell stop .3552, rr>1.0 invalidation if price close above .3668 70% book and BE ~3386, targetting YPP ~3050 good luck! {image}
GU D1 GMT+2

base built, bearish compression won.
do not forget the BE, book 70%!!!
later seek retest to load.

good luck!
Anything is math!
  • #460,664
  • May 21, 2018 7:34pm May 21, 2018 7:34pm
Im long from 1.3422.
Target is 1.3785
Attached Image
It's a big game.
  • #460,665
  • May 21, 2018 10:31pm May 21, 2018 10:31pm
Bears need to get liquidity from somewhere I suppose.
Come with me if you want to live....
  • #460,666
  • May 22, 2018 1:54am May 22, 2018 1:54am
GBP news out today
All charts/ideas based on UK time zone
  • #460,667
  • May 22, 2018 2:21am May 22, 2018 2:21am
very nice push up. Do not want to be greedy. Happy with 50 +
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 70 KB
Intraday only.
  • #460,668
  • May 22, 2018 2:22am May 22, 2018 2:22am
GU target today. min. 1.3477
Intraday only.
  • #460,669
  • May 22, 2018 2:48am May 22, 2018 2:48am
Quoting navk
very nice push up. Do not want to be greedy. Happy with 50 + {image}
Nice work
Come with me if you want to live....
  • #460,670
  • May 22, 2018 4:46am May 22, 2018 4:46am
Still strong..anybody aiming for 1.35?
  • #460,671
  • May 22, 2018 6:54am May 22, 2018 6:54am
Quoting Suj
Still strong..anybody aiming for 1.35?
got in late. Bought at 61,8 Fibo - 1.3445, tight sl 18, 20ish pips, target 1.3495
whether you think you can or can't either way you are right
  • #460,672
  • May 22, 2018 8:36am May 22, 2018 8:36am
Quoting Suj
Still strong..anybody aiming for 1.35?
I rode the long from 1.34358 to 1.34650. got out at the good time. So this down movement last few hours didn't hit me. Waiting for a couple bounces at around 1.34388 before hitting long again.
  • #460,673
  • May 22, 2018 8:40am May 22, 2018 8:40am
Quoting joyride
{quote} got in late. Bought at 61,8 Fibo - 1.3445, tight sl 18, 20ish pips, target 1.3495
That is the right place to long in NY session. I too longed just now. stop 1.3430

Though in Europe you could have taken long around 1.3425.
Intraday only.
  • #460,674
  • May 22, 2018 9:15am May 22, 2018 9:15am
whats your play here guys? I rode the head and shoulders on 1 hour. and got out in good time. Not certain direction now.
  • #460,675
  • May 22, 2018 9:20am May 22, 2018 9:20am
still capable to go a few 20 pips down but cagey
  • #460,676
  • May 22, 2018 9:54am May 22, 2018 9:54am
1.3392 and below. 1.3430 is broken.
Intraday only.
  • #460,677
  • May 22, 2018 10:45am May 22, 2018 10:45am
[quote=TambienSolo;11085755]whats your play here guys? I rode the head and shoulders on 1 hour. and got out in good time. Not certain direction now.[/quo

Staying with the longs now on
  • #460,678
  • May 22, 2018 11:24am May 22, 2018 11:24am
usually, the weekly TF trend ended by a big candle

I expect the price go down to 1.315xx
  • #460,679
  • May 22, 2018 11:34am May 22, 2018 11:34am
If we get a better than expected number in the inflation figures tomorrow we will see a reverse to 1.37 initially IMO.

BOE has confirmed a rate rise is coming and will do continual rises over the next 3 years. Only bad data in the last quarter scuppered the rate rise. MPC are still 2 out of 9 voted for a rise.

Carney has said a rate rise is dependent on data, so anything seen as positive would drive the speculation again.

Id be wary of holding shorts going into this news tomorrow.
  • #460,680
  • May 22, 2018 1:00pm May 22, 2018 1:00pm
bearish looking now.tomorrow more clear
441 traders viewing now, 2 are registered:
lafemo
,
Migton