Cable Update (GBPUSD) | Page 17160 | 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)

  • #343,181
  • Jun 21, 2013 12:58pm Jun 21, 2013 12:58pm
yea I think $ will be bearish ,looks bullish for cable to do that

Quoting bbmac
strong bounce up from 5368-current daily lo - @/around 61.8% 5139-5751 and a bounce from the former weekly descending trend line - top side. G/L {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,182
  • Jun 21, 2013 12:59pm Jun 21, 2013 12:59pm
closed my short from 1.5723 , probably too soon
  • #343,183
  • Jun 21, 2013 2:02pm Jun 21, 2013 2:02pm
Quoting Bones
yea I think $ will be bearish ,looks bullish for cable to do that {quote}
Ok , may be few days of the start but thinking at lower levels than now . Levels now ok though for the correction only up for next crush & huge .one limit there now 5473 , if respect then more down it end the wave as 'a' , after 5373 goes 5273.
happy weekend & will see u all next start again .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 30 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,184
  • Jun 22, 2013 4:33am Jun 22, 2013 4:33am
Quoting Mr.C
{quote} Experiment - success: https://www.facebook.com/photo.php?f...0247397&type=1 Done for today guys. Wish you all good luck! Time to start the weekend!
Good day guys. Some of you might remember the 'Doubling an account in couple of hours experiment' I've done a month ago. If you don't here is the idea: I let other people choose a currency pair or any other financial instrument and I trade it for couple of hours trying to double the account. First experiment part was a success. I am now thinking to make it happen once more. First time the guys have chosen EUR/USD. Now we are choosing a new instrument & if you don't mind, I would like you to help me choosing it this time. Here is a list of currency pairs, but please feel free to add any of your favorite instruments https://www.facebook.com/questions/685384044811698/. The instrument that will have the most votes will be the winner.

Thanks in advance. Will let you know the winner and when this experiment will be in action. As the previous time - I will definitely post the numbers before the trade.

Wish all a nice and relaxing weekend.

P.S. Mine weekend started not so good. Decided not to trade yesterday and to stay outdoors enjoying the nature. Ended up in hospital with stitches in my leg. Damn Friday!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #343,185
  • Jun 22, 2013 5:00am Jun 22, 2013 5:00am
Quoting Mr.C
{quote} Good day guys. Some of you might remember the 'Doubling an account in couple of hours experiment' I've done a month ago. If you don't here is the idea: I let other people choose a currency pair or any other financial instrument and I trade it for couple of hours trying to double the account. First experiment part was a success. I am now thinking to make it happen once more. First time the guys have chosen EUR/USD. Now we...
Too bad it's on FB, I won't go there. But I'd say Gold.
Ghost Rider - WWTBMD?
  • #343,186
  • Jun 22, 2013 5:12am Jun 22, 2013 5:12am
Quoting albchr
{quote} Too bad it's on FB, I won't go there. But I'd say Gold.
No problem buddy. I will add your vote there. Will keep this poll for some time and let everyone know the winner. Thanks!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #343,187
  • Jun 22, 2013 8:58am Jun 22, 2013 8:58am
Quoting Mr.C
{quote} Good day guys. Some of you might remember the 'Doubling an account in couple of hours experiment' I've done a month ago. If you don't here is the idea: I let other people choose a currency pair or any other financial instrument and I trade it for couple of hours trying to double the account. First experiment part was a success. I am now thinking to make it happen once more. First time the guys have chosen EUR/USD. Now we...
Sorry, and don´t take me wrong but I don´t understand what is the meaning of that?

Unless ...

To feed your ego?
To show your skills at gambling?
To teach in the wrong way?
To make facebook friends?
And maybe later to create a signal service (well thought).

It´s possible for you to explain, please. Thank you.

Good luck anyway.
Just ignore me. Thanks.
  • #343,188
  • Jun 22, 2013 9:08am Jun 22, 2013 9:08am
Following on from my post above re the bounce from the former descending weekly trend line -top side...it's been a week of them - the weekly hi came at the underside of the former ascending weekly trend line (see pic 1 below) and yesterday's last pullback hi off the 5368 lo found supply at the underside of the former ascending 4hr trend line (see pic 2 below.)

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z.jpg Size: 67 KB
Click to Enlarge Name: z1.jpg Size: 90 KB
ex member
  • #343,189
  • Jun 22, 2013 9:29am Jun 22, 2013 9:29am
W/e summary of current situation - longer t/f's

Last week saw a pip range of 145% of the 20 week atr for this pairing. The Weekly candle closed as a bearish engulfing candle with smallish upper wick a very slightly longer lower wick. No fractal swing on this weekly t/f created by the close of this weekly candle. Re opa this t/f remains mixed.

Friday saw a daily bearish engulfing candle result - engulfing Thursday's daily pinbar candle...the candle however has a longer lower wick than upper wick so may be considered by some to be hammer-esq closing just above the low of Thursday's such candle. No fractal swing on this daily t/f created by the close of this daily candle. Re opa this t/f remains mixed-recently bearish

The bounce from Friday's 5368 lo ( topside of former weekly descending trend line, 61.8% 5139-5751, 4hr 200sma) saw a pinbar candle develop on the 4hr feed I use although the last 4hr candle of the week closed as an inverted hammer/PB in the other direction. Re opa this t/f is in a downtrend.

NB: opa = overall price action fractal price swing hi/lo analysis

Techs to the immediate downside (incl Monday's Daily pivots

5385-68 previous 1hr/minor 4hr swing lo zone incl 5379= 50% 5006-5751, and 5379=61.8% 5139-5751
5347 Daily S1 @/around
5342-32 previous minor 4hr swing lo zone incl 5342= 85.4% 5272-5751
5291/90 61.8% 5006-5751 / 50% 4830-5751
5283-71 previous 4hr swing lo zone incl 5283 = 76.4% 5139-5751, and 5276/5274 = Daily S2 / Weekly S1 @/around
5270 Mthly Pivot
[5245-34]-24 previous minor 4hr [sw hi]/lo zone incl 5230 = 76.4% 5139-5751
5184/82 61.8% 4830-5751 / 76.4% 5006-5751
5158-38 previous 4hr/minor daily swing hi / 4hr swing lo zone
5129 Weekly S2 @/around
5124-09 previous 4hr minor swing hi/lo zone incl 5116=85.4% 5006-5751 and 5113 = Daily S3 @/around
5049 76.4% 4830-5751
5030-06 previous wkly/dly/4hr swing lo zone

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 173 KB
ex member
  • #343,190
  • Jun 22, 2013 9:51am Jun 22, 2013 9:51am
Sequential pattern recognition and analysis is calling this market higher for the week--given an opening at 0000 GMT 6/24/2013 between 153.50 to 154.50--EB
  • #343,191
  • Jun 22, 2013 10:11am Jun 22, 2013 10:11am
Quoting eyeball
Sequential pattern recognition and analysis is calling this market higher for the week--given an opening at 0000 GMT 6/24/2013 between 153.50 to 154.50--EB
Market is open 24/7 so this is a silly post.
  • #343,192
  • Jun 22, 2013 3:01pm Jun 22, 2013 3:01pm
claudia1---This may be a silly post but not for the reason you state. Most brokers In the USA begin trading for the week coming on Sunday PM from about 5 oclock Easrern Standard Daylight Savings Time. Trading for the week , on many chart services (netdania for example) has the coming week commencing at 0000 GMT. This forcast is for the weekly period commencing 0000 GMT. As for the market being open 24/7 try getting a trade done on Sunday morning prior to the stating times stated above in the USA with a USA based broker. Its almost an impossibility unless you pay an exorbitant confiscatory spread fee. I suppose somewhere in the world there is some dealer or forex bank that will accept an early trade, possibly Japan or Australia because their markets are open earlier relative to ours but even they are not open for biz 24/7 and if they are you willl pay aheavy price to deal with them
  • #343,193
  • Jun 22, 2013 3:09pm Jun 22, 2013 3:09pm
im thinking more to the point is what is Sequential pattern recognition ? have you a chart ?

Quoting eyeball
Sequential pattern recognition and analysis is calling this market higher for the week--given an opening at 0000 GMT 6/24/2013 between 153.50 to 154.50--EB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,194
  • Jun 22, 2013 3:27pm Jun 22, 2013 3:27pm
Quoting Bones
im thinking more to the point is what is Sequential pattern recognition ? have you a chart ? {quote}
Precisely my question. I knew what was meant by the "open time" but the rest? I'm clueless...lol
Ghost Rider - WWTBMD?
  • #343,195
  • Jun 22, 2013 3:29pm Jun 22, 2013 3:29pm
is it just me ??/ lol


Quoting kaspopsicle
you guys dont understand the importance of fundermentals...a grey just won the Coranation Cup at royal ascot ...thats what caused the flip. in racing terms they say "never lay on a grey"...as a contrarian trader i took this as a sign . And it did...possibly just a flag thou Nonetheless a grey filly called Sky lantern won by lengths
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,196
  • Jun 22, 2013 3:31pm Jun 22, 2013 3:31pm
Hey Maso what do reckon ,I must admit im going to need bit more data

Quoting Maso
Hi guys, I missed you all What do you think about this crazy market ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,197
  • Jun 22, 2013 3:31pm Jun 22, 2013 3:31pm
Quoting Bones
is it just me ??/ lol {quote}
Nope. Obviously we both have much to learn my friend.
Ghost Rider - WWTBMD?
  • #343,198
  • Jun 22, 2013 3:38pm Jun 22, 2013 3:38pm
Bones-- Sequential pattern recognition does not employ the use of traditional indicators and inflexion points that are the hallmark of most trading systems that I am familiar with but rather relies on the relationship or pattern that individual bars on a simple OHLC chart have with each other and the patterns that they form.It further departs from traditional backward looking analysis in that it has an interactive element to it that may modify, though not alter, the basic forcast inline with patterns that develop in the forcast week. Consequently I do not have a convoluted , annotated chart that I can submit for your review and critique. However in lieu of such a chart I will continue to post , on this thread, the results of my forcast and any modifications to it, with whatever comments may be appropriate at the time of posting
  • #343,199
  • Jun 22, 2013 3:44pm Jun 22, 2013 3:44pm
ok no prob so how do you forecast for week ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,200
  • Jun 22, 2013 3:46pm Jun 22, 2013 3:46pm
lol yes we do , honestly I think this could be messy for week poss right back up ,but im thinking late in the week or week after is good sell time
monthly up weekly down very mixed


Quoting albchr
{quote} Nope. Obviously we both have much to learn my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 22-6-13.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
315 traders viewing now