Cable Update (GBPUSD) | Page 23081 | 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)

  • #461,601
  • Jun 28, 2018 10:33pm Jun 28, 2018 10:33pm
Quoting moneymagnet
{quote} didn't think it would move the market this much.. geez https://forexlive.com/news/!/eurusd-...-deal-20180629
now I know SmartMoney is actually robot based that reads sentiments. Asian Session only will not have such big money to drive massive price movement.
  • #461,602
  • Jun 28, 2018 10:37pm Jun 28, 2018 10:37pm
ahh, remembering the good old time that we have great traders instead of that great robots nowadays...
  • #461,603
  • Jun 28, 2018 11:28pm Jun 28, 2018 11:28pm
Quoting SweetRevenge
{quote} now I know SmartMoney is actually robot based that reads sentiments. Asian Session only will not have such big money to drive massive price movement.
I don't see what you are talking about, impulse bars are common enough when direction changes.

If not watching the averages carefully then retail traders will get stung by these all the time as their trades are cleaned up by the sudden movement leaving them with no chance to get a major slice of the pie.

Just look at the charts and you will clearly see these impulse bars change the direction. All moves bullish and bearish have to end sometime and may be long term or short term lasting depending on how long the market can trade above or below the average. Looking where the averages are struggling is a heads up for a direction change.

What happens is the major has made an investment by buying in this case but they have not made a profit yet, they now need to sell to other buyers. Their objective is to come out in front but they do not always do so for example if the market has sellers instead of buyers then they are left holding a diminishing asset.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #461,604
  • Jun 28, 2018 11:35pm Jun 28, 2018 11:35pm
some short triggers at 1.3125 sL 30pips tP open
finger cross
just for a cup of coffee...
  • #461,605
  • Jun 29, 2018 12:09am Jun 29, 2018 12:09am
Quoting alirelax
Gbpusd buy att : 1.3070/13050 tp: 1.3150/13170 sl: 1.3000 {image}
+70 pip now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpp.jpg Size: 317 KB
  • #461,606
  • Jun 29, 2018 1:59am Jun 29, 2018 1:59am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.TRADE.jpg Size: 71 KB
to err is human
  • #461,607
  • Jun 29, 2018 2:43am Jun 29, 2018 2:43am
Quoting Nala66
{quote} I don't see what you are talking about, impulse bars are common enough when direction changes. If not watching the averages carefully then retail traders will get stung by these all the time as their trades are cleaned up by the sudden movement leaving them with no chance to get a major slice of the pie. Just look at the charts and you will clearly see these impulse bars change the direction. All moves bullish and bearish have to end sometime and may be long term or short term lasting depending on how long the market can trade above or below...
I didn't regard to technical analysis issues. All I want to say is WHO are really trade the market while EU and US session still closed.
  • #461,608
  • Jun 29, 2018 2:54am Jun 29, 2018 2:54am
In less then an hour 2 big news event ,i belive in long.
We broke yesterday high , and found ?!?!? Support on descending line
Tp at 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2018-06-29_1.jpg Size: 93 KB
yes yes yes
  • #461,609
  • Jun 29, 2018 3:14am Jun 29, 2018 3:14am
Quoting Moty
In less then an hour 2 big news event ,i belive in long. We broke yesterday high , and found ?!?!? Support on descending line Tp at 100 pips {image}
I think bears still around
  • #461,610
  • Jun 29, 2018 3:22am Jun 29, 2018 3:22am
Quoting SweetRevenge
{quote} I think bears still around
I'm leaning on the fact that the dollar index is in a strong resistance zone, it's true that it does not affect as much as the euro but the dollar affects


zone, it's true that it does not affect as much as the euro but the dol
yes yes yes
  • #461,611
  • Jun 29, 2018 3:34am Jun 29, 2018 3:34am
Quoting Trade-G
{quote} Likely target 1.3149 region
still holding tight :-)..
  • #461,612
  • Jun 29, 2018 3:36am Jun 29, 2018 3:36am
price hit weekly MA around 1.3180.

I've short it around that area.
  • #461,613
  • Jun 29, 2018 3:46am Jun 29, 2018 3:46am
Quoting sat007
{quote} still holding tight :-)..
Exit 1.3178 and 1.3176
  • #461,614
  • Jun 29, 2018 3:46am Jun 29, 2018 3:46am
Quoting SweetRevenge
price hit weekly MA around 1.3180. I've short it around that area.
Not yet , wait for the resistence line .and there is still the effect of the good news.
My long pays good :-)
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2018-06-29 (2)_1.jpg Size: 119 KB
yes yes yes
  • #461,615
  • Jun 29, 2018 3:52am Jun 29, 2018 3:52am
Quoting Trade-G
Pullback to test the previous resistance down trendline {image}
Sorry back from hospital, just managed to be back on time to close my position. Yesterday retrace did a nice MM move but no breakout to the upside instead it slides down within the trendline resistance turned support got supported at the 25% region and compressed there. The moment the upswing cleared yesterdays swing high, the deal is sealed, it compresses again before it upswing upwards.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15-4.png Size: 57 KB
  • #461,616
  • Jun 29, 2018 3:55am Jun 29, 2018 3:55am
Quoting alirelax
Gbpusd buy att : 1.3070/13050 tp: 1.3150/13170 sl: 1.3000 {image}
+110 PIP EXIT
Attached Image (click to enlarge)
Click to Enlarge Name: gbpp110pip.jpg Size: 275 KB
  • #461,617
  • Jun 29, 2018 3:59am Jun 29, 2018 3:59am
Quoting masudsardar
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.TRADE.jpg Size: 75 KB
to err is human
  • #461,618
  • Jun 29, 2018 4:01am Jun 29, 2018 4:01am
Quoting Trade-G
{quote} Sorry back from hospital, just managed to be back on time to close my position. Yesterday retrace did a nice MM move but no breakout to the upside instead it slides down within the trendline resistance turned support got supported at the 25% region and compressed there. The moment the upswing cleared yesterdays swing high, the deal is sealed, it compresses again before it upswing upwards. {image}
What you see is a 100% expansion target at 1.3169 target. Expansion targets completion may still not be completed, lets see how it pans out from here.... Again my M5 chart captured the reversal zone. It demonstrates the small timeframe does matter.
  • #461,619
  • Jun 29, 2018 4:04am Jun 29, 2018 4:04am
Quoting Ill-b-back
{quote} Looks to me like a drop to 1.32 area where it might find some support for a bit.
Now 1.32 area is a resistance level to watch.
Come with me if you want to live....
  • #461,620
  • Jun 29, 2018 4:38am Jun 29, 2018 4:38am
Quoting SweetRevenge
{quote} I didn't regard to technical analysis issues. All I want to say is WHO are really trade the market while EU and US session still closed.
You should know there are banks and other institutions in the Asia Pacific regions also.
1,823 traders viewing now, 1 is registered: