Cable Update (GBPUSD) | Page 17103 | 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)

  • #342,041
  • Jun 1, 2013 4:05pm Jun 1, 2013 4:05pm
Quoting Bones
there is no w pattern ? I do see consolidation , I eyeball the monthly and say its going under 1.5 pure and simple lol

OK.. under 1.5.. straight down.. heads first.. right..

you do know there are lots of pips to be gained between the monthly and the hourly.. right?

i mean ok between here and 1.48 is 400 pips.. but there are may be about 1000 pips of ups and downs until those 400 pips south are achieved! why not catch those.. call me greedy.. but I like it.. hehe..

cheers..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,042
  • Jun 1, 2013 4:10pm Jun 1, 2013 4:10pm
Some great technical analysis on these past few pages and fundamentally I think the Euro and GBP are set to be forced lower over the medium and longer term against the Dollar.

I think the Euro is the better trade since it seems to have further to fall and for the first time in a while this might be my next trade for the month of June. Normally I steer clear of the Euro.

Im hoping to jump short on any new rally over 1.31 and would consider a similar trade short on the GBP at anything approaching 1.53.

The end of or tapering of QE3, maybe loosening of EU policy and similarly in the UK. Extended zero or negative growth in the Eurozone and UK and even maybe the possibility of the fed actually raising rates by year end all will weigh heavily on the GBP and Euro.

Will be looking to sell into any dollar weakness in the first half of this week.
Money never sleeps...
  • #342,043
  • Jun 1, 2013 4:23pm Jun 1, 2013 4:23pm
Quoting baherhosni
{quote} OK.. under 1.5.. straight down.. heads first.. right.. you do know there are lots of pips to be gained between the monthly and the hourly.. right? i mean ok between here and 1.48 is 400 pips.. but there are may be about 1000 pips of ups and downs until those 400 pips south are achieved! why not catch those.. call me greedy.. but I like it.. hehe.. cheers..

requires Jedi powers to be able to get those extras.

For me im happy with holding a longer term swing and avoiding all the craziness.

Im getting old I think
Money never sleeps...
  • #342,044
  • Jun 1, 2013 4:32pm Jun 1, 2013 4:32pm
Quoting inpatient
{quote} requires Jedi powers to be able to get those extras. For me im happy with holding a longer term swing and avoiding all the craziness. Im getting old I think
perhaps i am one who is getting reckless
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,045
  • Jun 1, 2013 4:40pm Jun 1, 2013 4:40pm
no not at all ,anyway double bottom more like this I think
space/ time and prior strong trend

Quoting baherhosni
{quote} perhaps i am one who is getting reckless
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd w1 double bottom 1-6-13.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,046
  • Jun 1, 2013 5:09pm Jun 1, 2013 5:09pm
Quoting baherhosni
{quote} perhaps i am one who is getting reckless

no bro maybe just optimistic,

to make decision on a short to medium term move and get it right is great thing,

to be able to get the sub moves right within this larger move would be incredible.

I tried day trading the whole of 2012, sitting for hours studying charts technically. I came out of it with a knowledge of many tech trade terms and how they relate to a chart but an account that was less money than when I started.

I have learned to be happy with the longer term swings. If you can find a way to be successful day trading and be able to live a balanced life too then that is truly something worth being proud of and you will for sure be a better man than I.

I respect day traders that successfully use techs to trade as it is something I can not seem to be able to do.
Money never sleeps...
  • #342,047
  • Jun 1, 2013 5:14pm Jun 1, 2013 5:14pm
Quoting inpatient
{quote} requires Jedi powers to be able to get those extras. For me im happy with holding a longer term swing and avoiding all the craziness. Im getting old I think
Getting old is not a disadvantage at all :-)
I agree here a nice piece of work by Bones I don't know anyone here at all so please apologise for my all ignorance if happens.

I like to throw BB and on daily indeed on Pound looks like the upper and lower bands are converging - time for price to rest a tad (of course maybe). On daily channel looks too short for my likening but as far as Pound can is a red weekly resistance line. Lower long wick on daily suggest some bullish pressure. For me now no sell, buy ?I hate ranges. So better to wait or try shorter time frame all together.
http://charts.mql5.com/1/696/gbpusds...ad-trading.png




Looks like I will like what's going on here on this thread as trading is a very lonely business after all.
  • #342,048
  • Jun 1, 2013 5:49pm Jun 1, 2013 5:49pm
Quoting pakiestra
{quote} Getting old is not a disadvantage at all :-) I agree here a nice piece of work by Bones I don't know anyone here at all so please apologise for my all ignorance if happens. I like to throw BB and on daily indeed on Pound looks like the upper and lower bands are converging - time for price to rest a tad (of course maybe). On daily channel looks too short for my likening but as far as Pound can is a red weekly resistance line. Lower long wick on daily suggest some bullish pressure. For me now no sell, buy ?I hate ranges. So...

Hello pakiestra it is good to meet you.

I think your analysis of prior candles on the daily is relevant in looking at how price reacted previously.
You see the trouble I have with using prior candles and a lot of the tech indicators is that it seems to forget that the market is alive and new trades are being placed and closed all of the time in response to news, time etc. Prior candles give us an idea as to how price has reacted in the past but we should not take this as a given that it is indicative of the future too.

I know this strikes at the heart of the fundamental v tech relevance and I definitely don't want to get into that again

Definitely will be good to hear your thoughts and get to know you better though.
Money never sleeps...
  • #342,049
  • Jun 1, 2013 7:11pm Jun 1, 2013 7:11pm
Quoting inpatient
I know this strikes at the heart of the fundamental v tech relevance and I definitely don't want to get into that again
Hey no worries - I'm not gonna start a discussion what was first: chicken or egg.

When I do my analysis, then sit down, then trade - I always have a squawk box switched on with a fella saying for instance: ... there are some institutional buyers of yen etc etc... When it happens and I'm long EJ on 5min I will happily and immediately close my position if in profit or change the stop loss if I manage before my broker does the same

Quote
Definitely will be good to hear your thoughts and get to know you better though.

Thank you very much for your warm invitation
  • #342,050
  • Edited 7:09am Jun 2, 2013 4:37am | Edited 7:09am
Quoting pakiestra
{quote} Getting old is not a disadvantage at all :-) I agree here a nice piece of work by Bones I don't know anyone here at all so please apologise for my all ignorance if happens. I like to throw BB and on daily indeed on Pound looks like the upper and lower bands are converging - time for price to rest a tad (of course maybe). On daily channel looks too short for my likening but as far as Pound can is a red weekly resistance line. Lower long wick on daily suggest some bullish pressure. For me now no sell, buy ?I hate ranges. So...
I agree, Pakiestra, ranges are hard, lower TF a good idea right now.

I'm short just looking hopefully for a retest of the recently broken TL. After that, who knows.
There's too much immediate bullish momentum right now and too many potential bullish targets for my liking to say anything beyond that.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh41.png Size: 33 KB
Click to Enlarge Name: gbpusddaily.png Size: 33 KB
Come with me if you want to live....
  • #342,051
  • Jun 2, 2013 10:34am Jun 2, 2013 10:34am
Quoting Ill-b-back
{quote} I agree, Pakiestra, ranges are hard, lower TF a good idea right now. I'm short just looking hopefully for a retest of the recently broken TL. After that, who knows. There's too much immediate bullish momentum right now and too many potential bullish targets for my liking to say anything beyond that. {image} {image}
I hope you don't mind using your chart bro!

just a quick speculation of possibilities using the current info we have.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-201306021727-2.jpg Size: 99 KB


Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,052
  • Jun 2, 2013 1:28pm Jun 2, 2013 1:28pm
Hm, last week closing was indeed higher than last last week after trying to break past 1.5000 level. Note that the 1.5000 doesn't seem an easy task to break through just like that, unless there is fundamental news that may bring a new force of bearish on the GBP. Nevertheless, in the major trend, I'm still seeing downtrend movement in it. But... click on my analysis for more details

Also, please feel free to comment on my analysis at http://alternateforexiew.wordpress.c...dates-week-23/
Cheers
Attached File(s)
File Type: pdf GBPUSD 2JUNE.pdf   339 KB | 271 downloads
Knowledge is powerful tool that we can ever have.
  • #342,053
  • Jun 2, 2013 3:34pm Jun 2, 2013 3:34pm
Quoting rikusks
Hm, last week closing was indeed higher than last last week after trying to break past 1.5000 level. Note that the 1.5000 doesn't seem an easy task to break through just like that, unless there is fundamental news that may bring a new force of bearish on the GBP. Nevertheless, in the major trend, I'm still seeing downtrend movement in it. But... click on my analysis for more details Also, please feel free to comment on my analysis at http://alternateforexiew.wordpress.c...dates-week-23/ Cheers {image}
thanks for your view..
it is very much appreciated

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,054
  • Jun 2, 2013 11:04pm Jun 2, 2013 11:04pm
Morning , so the week start again ! all in a correction play , try little more to down continue to the bottom & even more before last leg up for down continue , should be medium to limited as already priced in , correction trying desperately for long time , failure here for strong down , not for strong correction again to down or void it altogether .

specially gold is in already bottom play , 1373 breaks to 1359-52-47 to 1321-00 play before bounce /the last leg down> next sr goes if breaks 1300 are 1227 & 1157 !!! wow! and the last leg goes up from this down to 1557 again.

so also all other pairs as per gold > more or less with spikes up & down in the fighting who first down !! take care even todays ranging day > corrective up .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 34 KB
Click to Enlarge Name: golddaily.png Size: 36 KB
Click to Enlarge Name: eurusddaily.png Size: 47 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,055
  • Jun 3, 2013 12:24am Jun 3, 2013 12:24am
Quoting baherhosni
{quote} I hope you don't mind using your chart bro! just a quick speculation of possibilities using the current info we have. {image} Cheers
Hey dude, don't fcuk wit my charts ok.....

Just kidding brudda.

I was more looking at a down play within this range back towards 1.51 and another green TL retest.
Perhaps clearer on the daily chart.

But who knows huh?....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 37 KB
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Come with me if you want to live....
  • #342,056
  • Jun 3, 2013 1:45am Jun 3, 2013 1:45am
Quoting Ill-b-back
{quote} Hey dude, don't fcuk wit my charts ok..... Just kidding brudda. I was more looking at a down play within this range back towards 1.51 and another green TL retest. Perhaps clearer on the daily chart. But who knows huh?.... {image} {image}
Ok, maybe not

lol...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 41 KB
Come with me if you want to live....
  • #342,057
  • Jun 3, 2013 1:56am Jun 3, 2013 1:56am
merry xmas ladies
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 66 KB
  • #342,058
  • Jun 3, 2013 3:04am Jun 3, 2013 3:04am
G/M,

upside follow thru so far on last week's weekly hammer-bullish body (esq) candle...a move thru last week's hi and a pullback to it (shown on lower t/f's) where it found support for a move to current daily hi around 5263 as I type this. 4hr below shows some potential upside obstacles. New monthly pivot is @/around 5270 with Weekly R1 and daily R2 pivots 5289-92 area respectively.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 187 KB
ex member
  • #342,059
  • Jun 3, 2013 3:04am Jun 3, 2013 3:04am
go long
if there is something you should keep secret,simply just save it,, so, just
  • #342,060
  • Jun 3, 2013 3:20am Jun 3, 2013 3:20am
Quoting sandycarrot
go long

I'd say, "go along"!

but not necessarily "long", rather follow the correction since the reversal that some may be anticipating is very far from confirmation at the moment from both tech and fundamental points of view.

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
272 traders viewing now, 1 is registered: