Cable Update (GBPUSD) | Page 16716 | 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)

  • #334,301
  • Jan 20, 2013 2:54am Jan 20, 2013 2:54am
You crack me up because you offer nothing ,zero info

short statements

,in opra up trend ,down trend ,no good to me

bye




Quoting alex1976
Why's everyone debating the top and bottom side of this triangle?

It's not even there yet, so your both falling into the same trap trying to predict again.

Price is what it is and It can change at the drop of a dime.

There is no your view and my view, it it what it is and both more.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,302
  • Jan 20, 2013 2:58am Jan 20, 2013 2:58am



Quoting alex1976
There are no views in fx, there's only price action.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,303
  • Jan 20, 2013 3:16am Jan 20, 2013 3:16am
opps done it again


Quoting Bones
Yea I know anything poss ,but still im thinking this is a set up thats rare
Gbp Aud could also be worth watching d1 next week
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 20-1-13 w1.png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,304
  • Jan 20, 2013 5:27am Jan 20, 2013 5:27am
Quoting Bones
theres been a lovley set up going back to the begining of the month ,a lovely set up is just that ,where is after the fact

how the F does anyone here trade whithout the nasty word predict or forecast ,its beyond me

one way or the other you make a decision long or short how do you do ?
  • #334,305
  • Jan 20, 2013 5:32am Jan 20, 2013 5:32am
Quoting Bones
opps done it again
Thanks Tony for pointing out the setup. I had not checked this pair but looks like a great setup to me.

One thing, in my observations, if a symmetrical triangle fails touch of either of the trendline (the third touch), it usually breaks out the opposite. I might be wrong and it may not hold true always though. Just that I saw a 'buy' at the lower trendline, I though maybe we can trade the breakout to the downside (if it happens).
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_aud.jpg Size: 232 KB
  • #334,306
  • Jan 20, 2013 5:34am Jan 20, 2013 5:34am
Quoting CasperTrader
Thanks Tony for pointing out the setup. I had not checked this pair but looks like a great setup to me.

One thing, in my observations, if a symmetrical triangle fails touch of either of the trendline (the third touch), it usually breaks out the opposite. I might be wrong and it may not hold true always though. Just that I saw a 'buy' at the lower trendline, I though maybe we can trade the breakout to the downside (if it happens).
Or trade down to the lower trendline with a low risk.
  • #334,307
  • Jan 20, 2013 6:04am Jan 20, 2013 6:04am
Hey C I put buy on there ,have to agree pushing the boundary (but its an idea) to a certain degree , I cant argue ,we must note daily changes to fx ,
I have no idea if the rising tl to gbp lfx will hold ,but it is a nice tl ,I would like it too as im sure that it would be important points all over the FX

I do belive it is now High prob this pair will go lower and I use this info ,like on cable


Quoting CasperTrader
Thanks Tony for pointing out the setup. I had not checked this pair but looks like a great setup to me.

One thing, in my observations, if a symmetrical triangle fails touch of either of the trendline (the third touch), it usually breaks out the opposite. I might be wrong and it may not hold true always though. Just that I saw a 'buy' at the lower trendline, I though maybe we can trade the breakout to the downside (if it happens).
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,308
  • Jan 20, 2013 6:23am Jan 20, 2013 6:23am
worse than expected retail sales made the GBP/USD slip further, the currency still looks rather weak.
  • #334,309
  • Jan 20, 2013 6:59am Jan 20, 2013 6:59am
I could look at the aud and say looks set to test high
Attached Image (click to enlarge)
Click to Enlarge Name: aud lfx w1 20-01-13.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,310
  • Jan 20, 2013 7:47am Jan 20, 2013 7:47am
Quoting 100PipsADay
I posted that I closed those out for profit roughly 2 weeks ago. Target is still the same but I also stated that I reserve the right to close positions to realize actual profit and / or scale in more positions as I see fit. This is exactly what I did the other day at 1.0640.

Are you having a rough month or something or do you just like to argue?

Would you like me to find the post where I said I took profit and was then flat on Cable...?

is this aimed at me? or someone else
im confused
  • #334,311
  • Jan 20, 2013 11:53am Jan 20, 2013 11:53am
Quoting nAVIN2007
is this aimed at me? or someone else
im confused
No this was directed towards "I'll-b-Back" as he kept questioning my posts and my calls and was saying that it is easy to make calls after the fact which was not the case.

My original post was just a generalized post but I think he took it the wrong way...

Everything's all good!
  • #334,312
  • Jan 20, 2013 11:57am Jan 20, 2013 11:57am
Quoting 100PipsADay
No this was directed towards "I'll-b-Back" as he kept questioning my posts and my calls and was saying that it is easy to make calls after the fact which was not the case.

My original post was just a generalized post but I think he took it the wrong way...

Everything's all good!
  • #334,313
  • Jan 20, 2013 11:59am Jan 20, 2013 11:59am
Quoting nAVIN2007
LOL
  • #334,314
  • Jan 20, 2013 12:04pm Jan 20, 2013 12:04pm
Quoting CasperTrader
Thanks Tony for pointing out the setup. I had not checked this pair but looks like a great setup to me.

One thing, in my observations, if a symmetrical triangle fails touch of either of the trendline (the third touch), it usually breaks out the opposite. I might be wrong and it may not hold true always though. Just that I saw a 'buy' at the lower trendline, I though maybe we can trade the breakout to the downside (if it happens).
There is a rule that if trading the trend lines you should enter a bit earlier. 5 pips or so. And regarding the opposite way break: this more often happens if there is a fake break and price comes back into a triangle.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #334,315
  • Jan 20, 2013 12:46pm Jan 20, 2013 12:46pm
Quoting Mr.C
There is a rule that if trading the trend lines you should enter a bit earlier. 5 pips or so. And regarding the opposite way break: this more often happens if there is a fake break and price comes back into a triangle.
That too. Very interesting point. It reminded me to look up my GU charts for Daily/Weekly again and something else I have been noticing as well. In the attached chart I have red (for weekly) and green (for daily) trendlines. As you say, in the daily there was false break to the upside very recently (New Year's ) and a confirmed break to the downside on last Friday. Add to that the fact that there was an earlier missed break on Nov 14th. Why didn't I trade it to the upside? Because, I gave more weightage to weekly which even earlier had its break to the downside (Is it false?) and the same recent false break on the daily was a missed break on the weekly On the weekly I had expected it to get closer to the upper trendline but not break it which luckily it did that way. Now it's very close to breaking the red bottom trendline but I have drawn up another trendline (the white one) to be safe and wouldn't want to trade the downside until the white one is broken. Not discounting that it has the potential to make another trip getting very close to the upper red trendline. Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: GU_D_W.jpg Size: 220 KB
  • #334,316
  • Jan 20, 2013 12:58pm Jan 20, 2013 12:58pm
Quoting Mr.C
There is a rule that if trading the trend lines you should enter a bit earlier. 5 pips or so. And regarding the opposite way break: this more often happens if there is a fake break and price comes back into a triangle.

i know anything can happen but regarding this traingle bro..u reckon the market considers the fact that the 3 rd touch on the upper trendline didnt happen to be a market debt..and perhaps this area need to be forfilled before a drop..

this is something that has always puzzled me

happy new year to u btw..i wish u much success
  • #334,317
  • Edited 1:18pm Jan 20, 2013 12:59pm | Edited 1:18pm
Quoting 100PipsADay
No this was directed towards "I'll-b-Back" as he kept questioning my posts and my calls and was saying that it is easy to make calls after the fact which was not the case.

My original post was just a generalized post but I think he took it the wrong way...

Everything's all good!
Sorry mate but you are wrong on the first 2 counts.
I never kept questioning your bearish calls (asking why are you bearish or anything like that, since you made your reasons very clear which is good), I simply put forward my own bullish views as posts on the forum as others did).

I also did not say you made calls after the fact, but "lectured" where you are the one who questioned was there any reason to be bullish, and labelled technicals as mumbo jumbo, implying we are just throwing darts at a dart board and confusing ourselves with too many technicals.

Well, there were reasons to consider bullish possibilities which not only the bulls but even you yourself made known in your posts. And as for technical mumbo jumbo, I would not consider TL's and cross pair referencing as mumbo jumbo mate, they are used routinely by many traders. And since you directed your long winded post to "the recent bulls", please forgive me if I took it personally, but it contained inaccuracies that can really only be said with the benefit of hindsight
Come with me if you want to live....
  • #334,318
  • Jan 20, 2013 1:42pm Jan 20, 2013 1:42pm
Quoting Ill-b-back
Sorry mate but you are wrong on the first 2 counts.
I never kept questioning your bearish calls (asking why are you bearish or anything like that, since you made your reasons very clear which is good), I simply put forward my own bullish views as posts on the forum as others did).

I also did not say you made calls after the fact, but "lectured" where you are the one who questioned was there any reason to be bullish, and labelled technicals as mumbo jumbo, implying we are just throwing darts at a dart board and confusing ourselves with too...
Alright, it's not really worth debating anymore so I'll let you have the last word. Time to move on...
  • #334,319
  • Jan 20, 2013 1:45pm Jan 20, 2013 1:45pm
Fellas, seriously time to move on.

Who's looking for a retrace?
  • #334,320
  • Jan 20, 2013 4:06pm Jan 20, 2013 4:06pm
Quoting Goldflake
Took short here 5860. target 5760. stoploss: 5910.
Working nice. target changed to 5837.
When Scalpers win, I lose and Vice varsa...
1,213 traders viewing now