Cable Update (GBPUSD) | Page 17264 | 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)

  • #345,261
  • Aug 15, 2013 4:12am Aug 15, 2013 4:12am
Quoting morse
The problem with channels is that they dont hit 1 side or the other most of the time they can sit in the middle up down up down get my point ...

good point that is why I trade with limit orders only.
This places very high probability trades once triggered.It takes away you seating in front of PC all day long.
Limit orders are highly overlooked here.It forces you to target key areas and skip weak areas or Grey zones.No over trading issues.If limits are not hit no trade is in action.With over 10pairs I usually get a good run a week.
HDA ,Inpatient and I trade like this.Not many.
In trading, you have to be defensive and aggressive at the same time
  • #345,262
  • Aug 15, 2013 4:14am Aug 15, 2013 4:14am
Do you trade quite a few pairs then ?
  • #345,263
  • Aug 15, 2013 4:18am Aug 15, 2013 4:18am
Quoting morse
Do you trade quite a few pairs then ?

Only the ones which are in range.
I have a journal which I cover a lot.You can drop by

Davit's Confluence Trading
In trading, you have to be defensive and aggressive at the same time
  • #345,264
  • Aug 15, 2013 4:20am Aug 15, 2013 4:20am
Thks will do are you looking at long time frames 4hr daily ?
  • #345,265
  • Aug 15, 2013 4:31am Aug 15, 2013 4:31am
Morning,

Best price for short around 1.5640-15650
If there was easy money lying around,no one would be forcing it into your
  • #345,266
  • Aug 15, 2013 4:35am Aug 15, 2013 4:35am
Quoting FXMindset
Morning, Best price for short around 1.5640-15650

Why?
  • #345,267
  • Aug 15, 2013 4:39am Aug 15, 2013 4:39am
can anyone show me why we should short?

btw, anyone long should TP at 1.5607
  • #345,268
  • Aug 15, 2013 4:42am Aug 15, 2013 4:42am
Quoting morse
{quote} Why?
try look for bigger TF
  • #345,269
  • Aug 15, 2013 4:42am Aug 15, 2013 4:42am
Davit has a point about channels but no one else on here seems to give an explanation on why you should short against the trend I can see 1560 were extreme ...
  • #345,270
  • Aug 15, 2013 4:44am Aug 15, 2013 4:44am
4H
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #345,271
  • Aug 15, 2013 4:47am Aug 15, 2013 4:47am
FX mindset, GU heading to trendline right?
  • #345,272
  • Aug 15, 2013 4:53am Aug 15, 2013 4:53am
I wouldn't short GBP right now, fundemental reasons.

philly fed manuf. today though, maybe sell than...
  • #345,273
  • Aug 15, 2013 5:02am Aug 15, 2013 5:02am
Quoting morse
Davit has a point about channels but no one else on here seems to give an explanation on why you should short against the trend I can see 1560 were extreme ...
It depends on everyone's trading style, how they read a chart, are they trading long term or short term. So there are many variables, why short. Of course there are also lots of bulls*iters here also, me included
  • #345,274
  • Aug 15, 2013 5:03am Aug 15, 2013 5:03am
still valid, should be broken today
Attached Image (click to enlarge)
Click to Enlarge Name: ttttt.JPG Size: 52 KB
  • #345,275
  • Aug 15, 2013 5:57am Aug 15, 2013 5:57am
Comon people focus on making money
Loosening is not an option
  • #345,276
  • Aug 15, 2013 6:05am Aug 15, 2013 6:05am
Back to cable, there is a good chance of it being range bound until the news comes along and gives it a shake. As we are currently just below 1.5590 and mid resistance 2 for the day. Looking at the daily there is a possibility to the north for a double top, which is where I am looking for a possible short entry.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 251 KB
  • #345,277
  • Aug 15, 2013 6:27am Aug 15, 2013 6:27am
Quoting Lattepips
I looked in the details of Forexfactory long and short positions and to the biggest shock of my life.. I saw one whose profile was private.. He has 130 lots of the short side..
Opened? :o that person might have tooo much money or cent account
  • #345,278
  • Aug 15, 2013 6:37am Aug 15, 2013 6:37am
Quoting blobsaudio
Back to cable, there is a good chance of it being range bound until the news comes along and gives it a shake. As we are currently just below 1.5590 and mid resistance 2 for the day. Looking at the daily there is a possibility to the north for a double top, which is where I am looking for a possible short entry. {image}

Agreed. That is what I posted earlier this morning... That would mean a 100% fibo retrace of the swing from 1.5750 through lows of 1.4812... Assuming the US data today and tomorrow is bad...

Could be good for potential shorts... smallish risk, for what could be a huge reward...
  • #345,279
  • Aug 15, 2013 7:32am Aug 15, 2013 7:32am
Good day,

We have 1.5845 marked higher up as a possible target. Targets open to the topside still include up to 1.6090. not saying they will be covered this time round, but they are there.

To the downside, we have open targets @ 1.5330,1.5253,1.5180,1.5039 and 1.4959.

We are barely into a sell zone, so - we could drop from here starting to target the lower numbers, but we also still have room to move higher. Doubt if we will move higher today though..

I'm looking to start building a short as my next long term trade - just have to find the best place to do so. Will be scaling in. I'm currently in risky long positions so will have to see.

Regards
  • #345,280
  • Aug 15, 2013 7:44am Aug 15, 2013 7:44am
Down goes the GBPUSD, dont mess with the dollar bull guys....
taken profit on my EURUSD short from 1.34 at 1.3230
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
1,875 traders viewing now, 2 are registered:
Mosfind
,
Price369