Cable Update (GBPUSD) | Page 16455 | 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)

  • #329,081
  • Nov 5, 2012 4:29am Nov 5, 2012 4:29am
Quoting fxtyrant
buddy... probably not a good time to predict bear weakness.... fresh bulls and bears can come in on extremities... when GBPUSD starts trending in one direction.... Bears will sell on pullback and sell stop on thrusts....

So fresh selling power can happen at a S/R its best to see how price reacts at those levels rather than to predict that itll bounce there....
do you have any downside target immediate target??
Learning Requires Failure
  • #329,082
  • Nov 5, 2012 4:31am Nov 5, 2012 4:31am
Quoting tirmizi
do you have any downside target immediate target??
no.... but 1.5850 is my first target for medium term then 1.55
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #329,083
  • Nov 5, 2012 4:33am Nov 5, 2012 4:33am
Hey Fxt ! this is your week
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #329,084
  • Nov 5, 2012 4:35am Nov 5, 2012 4:35am
Quoting Zircon
Hey Fxt ! this is your week
no its not my week.... its bears week, and Nav and i are bears since 1.63
but ive been bearish GBP 6 months ago even NAV wasnt looking that long term lol i even predicted 6 months back when UK's economy wasnt in recession yet.... and that -0.7% GDP lol nice.... dont quite remember but i think it was the Q2 GDP data??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #329,085
  • Nov 5, 2012 4:37am Nov 5, 2012 4:37am
Quoting fxtyrant
no its not my week.... its bears week, and Nav and i are bears since 1.63
but ive been bearish GBP 6 months ago even NAV wasnt looking that long term lol i even predicted 6 months back when UK's economy wasnt in recession yet.... and that -0.7% GDP lol nice.... dont quite remember but i think it was the Q2 GDP data??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #329,086
  • Nov 5, 2012 4:38am Nov 5, 2012 4:38am
Quoting Nachiket
ok but be careful bear correction is not over. possibly 1.5850 coming

I follow...i'm new here...please guide me...thanks
  • #329,087
  • Nov 5, 2012 4:38am Nov 5, 2012 4:38am
Quoting fxtyrant
no.... but 1.5850 is my first target for medium term then 1.55
okay good but pls first give me 6140 then i will try to short above 6140
Learning Requires Failure
  • #329,088
  • Nov 5, 2012 4:40am Nov 5, 2012 4:40am
Quoting Zircon
were you short?? if you were congrats you're in the bandwagon... shitty thing is NAV is being secretive because he suspects this forum full of bankers trying to hunt our stops now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #329,089
  • Nov 5, 2012 4:43am Nov 5, 2012 4:43am
Quoting tirmizi
okay good but pls first give me 6140 then i will try to short above 6140
i think for 6140/50 target i might have to wait for 36/42 hours
Learning Requires Failure
  • #329,090
  • Nov 5, 2012 4:44am Nov 5, 2012 4:44am
Never say where is ur stop. if you use it.

GL all
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #329,091
  • Nov 5, 2012 4:45am Nov 5, 2012 4:45am
top 1/2 of that previous 1hr swing hi/lo zone and touted bids 5960/50 and weekly s1 at the current daily lo where some demand has been encountered. Price at the lo at 93% of 20 day atr.

Could see a 1hr pinbar/hammer clsoe ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 38 KB
ex member
  • #329,092
  • Nov 5, 2012 4:51am Nov 5, 2012 4:51am
Quoting Tsar
It's SHOW Time... http://ruforum.mt5.com/images/smilies/popcorn.gif
90% of traders use TA, indicators and prediction
  • #329,093
  • Nov 5, 2012 4:52am Nov 5, 2012 4:52am
...and of course... the video..
Inserted Video
90% of traders use TA, indicators and prediction
  • #329,094
  • Nov 5, 2012 4:57am Nov 5, 2012 4:57am
LOL i Don't even put SL. Got irritated. Best is have a mental SL. Works for me. Cause each time i put an SL it will be hit on the dot. Don't know if it happens to you guys.
  • #329,095
  • Nov 5, 2012 5:11am Nov 5, 2012 5:11am
Quoting Snooze
LOL i Don't even put SL. Got irritated. Best is have a mental SL. Works for me. Cause each time i put an SL it will be hit on the dot. Don't know if it happens to you guys.
From what I hear on the forums, and certainly from my experience, it happens to EVERYBODY. For my part, I lost a lot recently with a series of stopouts, following which PA moved quickly in the direction I had wanted. Grr.

For the last week or so, I have randomly added 5 pips or so to my final calculation, and I feel much safer, and seem to get better results. So far, so good.

Incidentally, I don't believe the 'stop-hunting' theories. I think the market looks as if it is doing that simply because it is doing what we expected it to do. If we place our stops rationally, we must expect other traders to do the same, and when they get hit (because they placed them too tight), they add to the momentum of the move, so it looks like it's searching further and further for stops.
  • #329,096
  • Nov 5, 2012 5:17am Nov 5, 2012 5:17am
1.5975 is a monthly support level but for how level, next support is 1.5909.
  • #329,097
  • Nov 5, 2012 5:19am Nov 5, 2012 5:19am
Stop hunting exists but I don't mean this in a conspiratorial - they are after me/my stop sense. You will hear a lot of traders talking about stop hunts that they often blame for being stopped out of what was either a bad trade anyway, or a good trade with a poor stop placement (both can amount to the same thing.) Traders place their stops in pretty obvious places and as such they can act as pools of liquidity. For eg traders buying expecting price to rise may place their stop under a level of support - so if that level of support is hit again - other traders wanting to get long may not be able too at what they deem a decent price beacuse the liquidity is thin on the price ladder above it - ie their order would move the market and they would get filled way off where they wanted too on at least part of the order, they therefore drive price below the support to the pool of liquidity that exists below ie all the sell stops of the buyers already in long and buy up all the sell stops there - getting filled at a better price for their desired long positions. This is just one example of what the market can do - there are many more examples.

G/L

Quoting Typeface
From what I hear on the forums, and certainly from my experience, it happens to EVERYBODY. For my part, I lost a lot recently with a series of stopouts, following which PA moved quickly in the direction I had wanted. Grr.

For the last week or so, I have randomly added 5 pips or so to my final calculation, and I feel much safer, and seem to get better results. So far, so good.

Incidentally, I don't believe the 'stop-hunting' theories. I think the market looks as if it is doing that simply because it is doing what we expected it to do. If we...
ex member
  • #329,098
  • Nov 5, 2012 5:20am Nov 5, 2012 5:20am
Quoting Typeface
From what I hear on the forums, and certainly from my experience, it happens to EVERYBODY. For my part, I lost a lot recently with a series of stopouts, following which PA moved quickly in the direction I had wanted. Grr.

For the last week or so, I have randomly added 5 pips or so to my final calculation, and I feel much safer, and seem to get better results. So far, so good.

Incidentally, I don't believe the 'stop-hunting' theories. I think the market looks as if it is doing that simply because it is doing what we expected it to do....
True enough. Still trying to perfect the art of placing Stop loss.
  • #329,099
  • Nov 5, 2012 5:22am Nov 5, 2012 5:22am
I have asked you previously and you have not replied when you have mentioned monthly levels before - how is 5975 a monthly level ? Thanks in advance of your reply.

G/L

Quoting nahman
1.5975 is a monthly support level but for how level, next support is 1.5909.
ex member
  • #329,100
  • Nov 5, 2012 6:13am Nov 5, 2012 6:13am
short now and the next support seems @ 1.5910.
can we aim that?? what do you think guys???
310 traders viewing now, 3 are registered:
Waveskierrob
,
,