Cable Update (GBPUSD) | Page 16812 | 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)

  • #336,221
  • Feb 22, 2013 3:51pm Feb 22, 2013 3:51pm
Gidday

This GBP/US lucky I was hedged against other pairs

Just trying to pick a good place to go long

Been shorting EUR/GBP

That spike did not help

  • #336,222
  • Feb 22, 2013 4:11pm Feb 22, 2013 4:11pm
ye . thats of the few stunts. credit agency love to do just minutes to closing. i am sure they definitely pull a quick sell trade too. cant sleep peacefully.fundies comes in mess a technical look. well a new week a new start . have to re analyze again.
  • #336,223
  • Feb 22, 2013 4:18pm Feb 22, 2013 4:18pm
A (possible) stunt indeed. This pair seems very over extended to me. Monday/Tues will show the way

This could emerge as a very strong bullish reversal pattern, I'm just not fully aware of it's name, is it a "Head Fake" or something??

Not good on tech names etc.
Attached Image (click to enlarge)
Click to Enlarge Name: gu7.gif Size: 12 KB
Come with me if you want to live....
  • #336,224
  • Feb 22, 2013 4:28pm Feb 22, 2013 4:28pm
Quoting blobsaudio
For those who like divergence, I just spotted this nice little bearish set up on my 4hr chart.

Attachment
A bearish divergence is when you have a Lower High on Price when RSI shows a Higher Low, this is not a bearish divergence but a Bullish Continuation pattern you just drawn.
but hey atleast you got UK downgrade news to push GBPUSD down.. but GBPUSD down wasnt much of a surprised...

NAVIN and I have been waiting for GBPUSD down to 1.50 and 1.45 lol... we've been calling bearish GBPUSD since 1.58 (well me, but nave been calling since 1.62... so hes a bit more accurate than i am)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #336,225
  • Feb 22, 2013 4:33pm Feb 22, 2013 4:33pm
Quoting Ill-b-back
A (possible) stunt indeed. This pair seems very over extended to me. Monday/Tues will show the way

This could emerge as a very strong bullish reversal pattern, I'm just not fully aware of it's name, is it a "Head Fake" or something??

Not good on tech names etc.
remember 6 months ago buddy?? ive been shouting GBPUSD down to 1.50 from 1.58...
AUDUSD down to parity again from 1.04 and stuff?? im only few months delayed...

btw remember my downgrade call?? ahahah
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #336,226
  • Feb 22, 2013 4:34pm Feb 22, 2013 4:34pm
I think he meant hidden divergence and that occurs when you have lower highs on price while the oscillator shows higher highs
Quoting fxtyrant
A bearish divergence is when you have a Lower High on Price when RSI shows a Higher Low, this is not a bearish divergence but a Bullish Continuation pattern you just drawn.
  • #336,227
  • Feb 22, 2013 4:36pm Feb 22, 2013 4:36pm
Quoting fxtyrant
A bearish divergence is when you have a Lower High on Price when RSI shows a Higher Low, this is not a bearish divergence but a Bullish Continuation pattern you just drawn.
but hey atleast you got UK downgrade news to push GBPUSD down.. but GBPUSD down wasnt much of a surprised...

NAVIN and I have been waiting for GBPUSD down to 1.50 and 1.45 lol... we've been calling bearish GBPUSD since 1.58 (well me, but nave been calling since 1.62... so hes a bit more accurate than i am)
lol...

You were long mate on your daily bullish divergence saying very limited pips for the shorties shorting into the bottom of the range.

Where was your short call from 1.58?
Come with me if you want to live....
  • #336,228
  • Feb 22, 2013 4:38pm Feb 22, 2013 4:38pm
Quoting fxtyrant
remember 6 months ago buddy?? ive been shouting GBPUSD down to 1.50 from 1.58...
AUDUSD down to parity again from 1.04 and stuff?? im only few months delayed...

btw remember my downgrade call?? ahahah
6 months ago

Yeah ok mate, I'll happy hold the drawdown for 6 months (not).

Remeber me calling 1.63 in September lol...

On your may mate
Come with me if you want to live....
  • #336,229
  • Feb 22, 2013 5:59pm Feb 22, 2013 5:59pm
Quoting Ill-b-back
6 months ago

Yeah ok mate, I'll happy hold the drawdown for 6 months (not).

Remeber me calling 1.63 in September lol...

On your may mate
Why the aggression all of a sudden? i was merely highlighting the ironies in life how things never go your way, and if they do they do at the least expected times...
yes i did call for a long on a bullish divergence but once the daily closed below previous low which is my order to long at 1.5660, and to Stop out at 1.5600...
sadly i was away from my computer during the time GBPUSD broke below 1.5600, now i got to slowly recover the account as ive done so back in december.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #336,230
  • Feb 22, 2013 6:00pm Feb 22, 2013 6:00pm
Quoting TTTaha
I think he meant hidden divergence and that occurs when you have lower highs on price while the oscillator shows higher highs
my experience is that hidden divergence is a call for continuation but... who knows...
ive been trading divergence the entire time... im a divergence trader.... ask anyone here since im counter EMA trend so divergence is the only way for me to trade....
and i never trade hidden divergences...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #336,231
  • Feb 22, 2013 6:04pm Feb 22, 2013 6:04pm
W/e Review

Overall - technically a pretty bearish scenario at the close across the t/f's mentioned below.....159 pip range on Friday - 133% of 20 day atr which is now up to 117. This week just closed - the pip range was 348 which is 203% of the 20 week atr, ! and so far this month the pip range is 137% of the 20 month atr.

No fractal swing created by close of the Weekly candle which closes as the 2nd bearish thrust in a row after last week's close...and has breeched and closes below the 61.8% of the 4225-6746 move...This t/f has broken out of it's recent opa range to the downside after last week's downside breech and close below the ascending weekly/monthly trend line - the bottom of the monthly wedge which has been forming for a few years. The 100sma is still above it's 200sma but possibly converging on it and price trades below both. Price closed around 5162 close to it's 5130 weekly lo.

No 'real' fractal swing created by the close of Friday's Daily candle - an inverted hammer-bearish body. This t/f remains in a general opa downtrend and the pullback from Thursday's and the weekly lo @ 5130 found supply at the first previous daily/weekly swing lo zone (potential SBR) co-existant with 50% 5504-5130 (not shoiwn on daily screenshot below.) Like the weekly price trades below the 200sma and the 100sma remains above that and pointing down.

The last 4hr close was a bearish thrust (reaction to Moody's downgrade of Uk sovereign debt.) No fractal swing on this t/f created by it's close. The t/f remains in a general opa downtrend following the pullback from 5130 (weekly lo and last 4hr LL) -5320 (Friday's hi and pullback hi offf 5130) and unlike the Weekly and daily t/f's - the 100sma is below the 200sma - both are pointing down and price trades below both of them.

-------------------------------------------

Have the bears again got the wind behind them re the Moody's downgrade ?

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: wkly.jpg Size: 196 KB
Click to Enlarge Name: dly.jpg Size: 156 KB
Click to Enlarge Name: 4hr.jpg Size: 179 KB
ex member
  • #336,232
  • Feb 22, 2013 6:28pm Feb 22, 2013 6:28pm
Uk downgrade,

http://www.guardian.co.uk/business/2...ngraded-moodys
  • #336,233
  • Feb 22, 2013 7:17pm Feb 22, 2013 7:17pm
moody brother... moody..... 1 or 2 hour before market closing

but no need panic...

if using bollinger.. it just respect the mid bollinger ( standard setting ) and going to re test prev low first ( current 2013 low ?) around lower BB in H4 time frame

your chart reminds me about bat action magnet move or the dragon will took an action later....

just a thought..................imho and only

happy weekend for you and fam...

ahh yes..... just took my trial long in eu around 315x..as usual for longterm position brothaaaaaaaaaaaa



Quoting Ill-b-back
A (possible) stunt indeed. This pair seems very over extended to me. Monday/Tues will show the way

This could emerge as a very strong bullish reversal pattern, I'm just not fully aware of it's name, is it a "Head Fake" or something??

Not good on tech names etc.
not euphoria follower
  • #336,234
  • Feb 22, 2013 9:03pm Feb 22, 2013 9:03pm
there will be a huge gap down when market opens on sunday wish i left my sell position open but at the same time im not greedy
  • #336,235
  • Edited 10:21pm Feb 22, 2013 9:51pm | Edited 10:21pm
Agreed, '(Last Post),

The "Big Boys" are greedy...
Just in bigger time frame(s) than most of us,
poor - "schmuck's" can handle!

Ok,
Guys... There are far more experts than "mwa" on this,
and i always "generally" preface my post(s) as such;
because there's ALWAYS someone that has a big EgO,
and wants to point out some flaws...

So guys,
This is really "General" for the discussion...
Attached is a Chart, i'm sure we've ALL been WATCHING,
w/Anticipation. -PLEASE pull your chart to a WEEK's Chart,
and see... "HOW LONG IT's BEEN", in this channel/wedge.

This is more "Elliot Wave" and i don't have time, to
"ESSSssPlAiN", and some may argue, -(That, Incidentally, are way more
well-adversed than me), but we are Finally "Appearing", to break
into A Wave 5, DOWN... SOUTH!

-If you're "Arguing" some kind of A-B-C-D-E correction thing,
back finally down "South" i'll buy that too... wave 2 is short,
and i SEE wave 4 as LOooonnng, or an "Extended Flat"?

**Bottom Line**
I about "VOMITED" When someone, (well-meaning), (?) i think,
was calling you all to "GO LONG"...?
-Say What?
Do i have to go: "CLOGGIE" here?

Anyway, Enough Blabber-
Here's my crude chart,
And "YES" it's a "DEMO" chart- I use MB's Metatrader,
for my charting along w/another Real account,
so I'm not quite bragging on the trade(s)... (really),
Have a GREAT wk'd gang,
'Terrapin Pipper,

Jeff... Out! Peace to all my paaatner's i have'nt seen in here "Forever"!
Attached Image (click to enlarge)
Click to Enlarge Name: 2_22_2012 GBP_USD Wonderful Day to SHORT.JPG Size: 275 KB
I will work to Objectively Identify my Edges
  • #336,236
  • Edited 10:10pm Feb 22, 2013 10:08pm | Edited 10:10pm
P.S.

A "CLUE" to the Puzzle of all of this-
Look closely @what BBMAC, describes as 'Fractal's', and such...
-The basis of wave movement.

-Great Post(s) as usual BBMAC & Chris it's great to see your
post's in here, i hope all is fairly well up North, from down here,
in lowly old Maryland.

Member's, Junior member's & such... don't just desire to go "Long",
-or... "Short" for that matter.

PLEASE: Read up on some Elliot Wave,
PLEASE, SHEESH, "For the LOVE OF PETE"... don't go out & destroy your account,
"Hog-Calling" for Long's...

Take some time to really learn, READ & learn up on some Elliot Wave & Such.
Then start picking up some waves, to get into...
All my Best,

Jeff
I will work to Objectively Identify my Edges
  • #336,237
  • Feb 23, 2013 12:39am Feb 23, 2013 12:39am
Sunday open:

Fade the gap or short?
  • #336,238
  • Feb 23, 2013 4:47am Feb 23, 2013 4:47am
With rating downgraded, politically QE is out of question. So we should see GBP bouncing back soon.
  • #336,239
  • Feb 23, 2013 5:11am Feb 23, 2013 5:11am
Last week had largest ever trade on, still able to sleep, - long gbp and had to abandon the mission with minisculus loss &$#@*

Recovering now.... Dont say trade size too big or too leveraged, i know that, but I will do it again.

Politically correct move is down. Also price action is weak so i will only consider sell gbp signals .
  • #336,240
  • Feb 23, 2013 5:36am Feb 23, 2013 5:36am
Still Long here!!!
http://www.learntotradethemarket.com...ing-commentary
560 traders viewing now, 1 is registered:
Migton