Cable Update (GBPUSD) | Page 14429 | 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)

  • #288,561
  • Sep 14, 2011 2:53am Sep 14, 2011 2:53am
Quoting Killy
Just FYI i believe GBPUSD is in weekly range of 1.567-1.643 with the mean at approx 1.605

as of now there is a significant larger probability of mean reversion up (to 1.605), but if it breaks 1.5600 and stays there for a while - risk of further fall through will be very high

yes

Quoting albchr
Well, when (if) this does turn around, I'll see ya back up there taking my usual little bites along the way.

God Bless Bro!

u too bro

Quoting FXMindset
I am hope your emotion not in play ya mate
everything i have done i meant too..this was about increasing risking risk ..if i had emotion i wont even try this
  • #288,562
  • Sep 14, 2011 2:57am Sep 14, 2011 2:57am
Quoting nAVIN2007
that risk is compounded and will take a long time to get there if it did..the reward i hope is will more than 50% of account..i cannot sell here to me that is dangerous..im sticking to it..no matter what

thanks for yur concern thou bro.. i feel it!

Nav... i agree with what all the other people told u.. and with what Azim told u. RR 50% of account, whatever happens is gambling, not trading. U are a pro, this is not how we do business. I have been in your place (u know when and how) and u know how i think. I am telling u as a friend, then whatever u do i hope it will be for the best.

Just felt the need of telling it once... u won't hear one more words from me about it
I don't want a job, i want money!
  • #288,563
  • Sep 14, 2011 3:01am Sep 14, 2011 3:01am
Quoting dario1002
Nav... i agree with what all the other people told u.. and with what Azim told u. RR 50% of account, whatever happens is gambling, not trading. U are a pro, this is not how we do business. I have been in your place (u know when and how) and u know how i think. I am telling u as a friend, then whatever u do i hope it will be for the best.

Just felt the need of telling it once... u won't hear one more words from me about it
thanks for the words of caution!!! i will take caution
  • #288,564
  • Sep 14, 2011 3:06am Sep 14, 2011 3:06am
I'm long from 1,5734 covered +1
I love last 4h candel
Attached Image (click to enlarge)
Click to Enlarge Name: speriamo per long.png Size: 38 KB
  • #288,565
  • Sep 14, 2011 3:09am Sep 14, 2011 3:09am
Quoting Nick35
I'm long from 1,5734 covered +1
I love last 4h candel
Where I start long position......
Attached Image
  • #288,566
  • Sep 14, 2011 3:17am Sep 14, 2011 3:17am
For those who keep the long position might try look a larger picture GU Weekly here
Attached Image (click to enlarge)
Click to Enlarge Name: GU Weekly.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #288,567
  • Sep 14, 2011 3:17am Sep 14, 2011 3:17am
simple chart that tell it all!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #288,568
  • Sep 14, 2011 3:27am Sep 14, 2011 3:27am
Quoting FXMindset
For those who keep the long position might try look a larger picture GU Weekly here

I LOVE THIS GAME !!!
  • #288,569
  • Sep 14, 2011 3:44am Sep 14, 2011 3:44am
bad day

cannot be sure of anything now
BUY GBP/USD 1 2011/09/14 06:50:29 2011/09/14 10:35:36 1.57192 1.57863 77 -14 0 67.1 671
BUY EUR/USD 1 2011/09/13 07:38:15 2011/09/14 10:35:30 1.36128 1.37152 125 -56 4.44 102.4 1028.44
BUY GBP/USD 1 2011/09/14 06:50:27 2011/09/14 09:40:54 1.57192 1.57553 62 -14 0 36.1 361
SELL GBP/USD 1 2011/09/14 09:13:46 2011/09/14 09:31:49 1.57805 1.57586 25 -4 0 21.9 219
SELL GBP/USD 1 2011/09/14 09:08:41 2011/09/14 09:31:07 1.57648 1.57576 9 -20 0 7.2 72
SELL GBP/USD 1 2011/09/14 09:08:27 2011/09/14 09:30:38 1.57681 1.57575 12 -17 0 10.6 106
SELL EUR/USD 1 2011/09/14 08:15:30 2011/09/14 09:30:28 1.36675 1.36465 30 -12 0 21 210
SELL EUR/USD 1 2011/09/14 08:16:28 2011/09/14 09:30:18 1.36753 1.36457 38 -3 0 29.6 296
  • #288,570
  • Sep 14, 2011 3:57am Sep 14, 2011 3:57am
Quoting wormboy
The emergency stop now is bep +3 @5810.
Free trade from here on.

Good luck.
And the trade had been stopped for 3 pips profit

Good luck to all.
Thank You
  • #288,571
  • Sep 14, 2011 3:58am Sep 14, 2011 3:58am
Quoting 853efx
placed a first long @ 1.5798

no TP yet / stop ~1.57

may place another long during the next london session - depends on PA
missed to place another long at london open because i was AFK but at least i managed to trail SL up to 1.578

went long on Geppy @ 121 before the european session - it's a rather longterm buy - will manage it on daily basis...
  • #288,572
  • Sep 14, 2011 4:01am Sep 14, 2011 4:01am
Quoting redbeben
bad day

cannot be sure of anything now
BUY GBP/USD 1 2011/09/14 06:50:29 2011/09/14 10:35:36 1.57192 1.57863 77 -14 0 67.1 671
BUY EUR/USD 1 2011/09/13 07:38:15 2011/09/14 10:35:30 1.36128 1.37152 125 -56 4.44 102.4 1028.44
BUY GBP/USD 1 2011/09/14 06:50:27 2011/09/14 09:40:54 1.57192 1.57553 62 -14 0 36.1 361
SELL GBP/USD 1 2011/09/14 09:13:46 2011/09/14 09:31:49 1.57805 1.57586 25 -4 0 21.9 219
SELL GBP/USD 1 2011/09/14 09:08:41 2011/09/14 09:31:07 1.57648 1.57576 9 -20 0 7.2 72
SELL GBP/USD 1 2011/09/14 09:08:27 2011/09/14 09:30:38...
keep posting your input. i'm here not to read charts which i'm not really understand. the only word matter to me is eitherr LONG or SHORT
  • #288,573
  • Edited 5:19am Sep 14, 2011 5:08am | Edited 5:19am
Quoting nAVIN2007
im longterm long...more of an investment..(i hope)

wasnt a good idea thou
here's what I'm looking at.

The new UK austerity will slow growth. How far the Sterling needs to move to price that in remains to be seen.

Looking purely at the technicals, if this month doesn't close above 5800 (optimally 1600), we should test 1550 area on the next leg down. It's a decent bounce point (where monthly support meets the LTL). If that support goes, then 1500 is next big area on my chart. Betting longs against a monthly break out is risky, but we could get a bounce ...nothing is written in stone.


on the extreme side of the coin, we are close to the tipping point globally, so if 2008 was the first leg, we may see plenty more downside. Not calling 0.4596 yet, but keeping my eye on it

.....as a long term investment.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 125 KB
  • #288,574
  • Sep 14, 2011 5:09am Sep 14, 2011 5:09am
You can see in this chart bearish channel continuation , channel resistance + divergence + weak candles .
Attached Image (click to enlarge)
Click to Enlarge Name: chart.24gif.gif Size: 31 KB
  • #288,575
  • Sep 14, 2011 5:19am Sep 14, 2011 5:19am
forgettin for a while that monthly chart on fxpro is a real shit,
5707,5660, 5650 will provide support.

2weeks till month ends
2weeks for new month

possible bull flag absorbing supply ema60 + res area 65-67

this is main reason why i would like to see a test near 5650 this or next week max
it could go there to confuse traders and eat 5700 stops...
time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 76 KB
90% of traders use TA, indicators and prediction
  • #288,576
  • Sep 14, 2011 5:23am Sep 14, 2011 5:23am
Quoting Fudomyo
here's what I'm looking at.

The new UK austerity will slow growth. How far the Sterling needs to move to price that in remains to be seen.

Looking purely at the technicals, if this month doesn't close above 5800 (optimally 1600), we should test 1550 area on the next leg down. It's a decent bounce point (where monthly support meets the LTL). If that support goes, then 1500 is next big area on my chart. Betting longs against a monthly break out is risky, but we could get a bounce ...nothing is written in stone.


on the extreme side of the...

cant see it!
  • #288,577
  • Sep 14, 2011 5:25am Sep 14, 2011 5:25am
Quoting Fudomyo
here's what I'm looking at.

..........................


on the extreme side of the coin, we are close to the tipping point globally, so if 2008 was the first leg, we may see plenty more downside. Not calling 0.4596 yet, but keeping my eye on it

.....as a long term investment.
possible!
maybe not so much down, who knows? but possible a second leg down....
90% of traders use TA, indicators and prediction
  • #288,578
  • Sep 14, 2011 5:37am Sep 14, 2011 5:37am
gbp/usd is in a downtrend. when it goes up sell it.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 22 KB
  • #288,579
  • Edited 6:27am Sep 14, 2011 5:57am | Edited 6:27am
Quoting nAVIN2007
cant see it!
lol.... I know mate. It seems unimaginable.

But if someone told me in 2007 when UJ was 120 that it would be at 77, I would have thought the same thing. Now 50 seems possible.

Imagine what people were thinking in 1930 before the big move came. It was outside the realm of possibilities in most people's minds how far the markets fell.

Livermore made a bloody fortune while everyone else was trying to pick bottoms.

I've gone back to studying him recently. just in case....


btw: I'd like to add before anyone takes what I was saying about 0.49 too seriously, I didn't invent the 161.8 FE. I was just pointing it out.

0.50 FE is a far more reasonable target mid-term target. (which was part of why a lot of people were shooting for 1.7250 in '09. We didn't hit it, but we got damn close)



.
  • #288,580
  • Sep 14, 2011 6:32am Sep 14, 2011 6:32am
Quoting Fudomyo
we are close to the tipping point globally, so if 2008 was the first leg, we may see plenty more downside. Not calling 0.4596 yet, but keeping my eye on it

.....as a long term investment.
Thanks for the chart and your views. It's not often we see a chart posted that goes back to 1997. Yes, I think 0.5 is more realistic...

Currently we are retesting 1.58 - as good an area to start the quest as any.
Gone to a better place
292 traders viewing now, 2 are registered:
,
Olu