Cable Update (GBPUSD) | Page 17302 | 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)

  • #346,021
  • Aug 28, 2013 12:04pm Aug 28, 2013 12:04pm
Quoting A-speculator
{quote} Hi tau, seems like you got best price for long. i had only my TP at that price but didn't reverse my position.. seems like 4h and daily indicate more bulls to come.. will decide my entry later.. have a nice day mate..
Good day to you, A

I think the best price will be around 1.5350.. but worth a shot from here. It is not a strong area for me to trade at all. Sort of in between. But the 1.5845 number keeps haunting me. I wish this was covered earlier - as it would make things a lot easier.

I'm not expecting much...

Regards
  • #346,022
  • Aug 28, 2013 12:13pm Aug 28, 2013 12:13pm
Quoting neil324
{quote} Nice trade, sir.
Good day to you, Neil324



It was more a scalp back to the 1.5486 number.. you will find that in a few posts. Ran past, so locked at the 1.5486. This is the point where one has to decide...take profit. Or leave it. Now the mind games start. If I TP, what happens if it runs up? If I leave it - what do I lose back to 1.5486?

Best to condition myself for the worst case scenario. But since this was not an ideal entry, I guess anything plus will work. Grateful.

How is your trading coming along?

Keep well and keep posting

Regards to you
  • #346,023
  • Aug 28, 2013 12:14pm Aug 28, 2013 12:14pm
Quoting JeremyWS
Top market headline from Reuters BREAKINGVIEWS-Carney to market: Go ahead, make my day - RTRS
Yep went well in 1992 didn't it.
  • #346,024
  • Aug 28, 2013 12:22pm Aug 28, 2013 12:22pm
Quoting TauTrader
{quote} Good day to you, Neil324 It was more a scalp back to the 1.5486 number.. you will find that in a few posts. Ran past, so locked at the 1.5486. This is the point where one has to decide...take profit. Or leave it. Now the mind games start. If I TP, what happens if it runs up? If I leave it - what do I lose back to 1.5486? Best to condition myself for the worst case scenario. But since this was not an ideal entry, I guess anything plus will work. Grateful. How is your trading coming along? Keep well end keep posting Regards to you...
Coming along well thanks. Concentration and psychology need some work still.

I thought it might rally the same as the forward guidance speech. But i trade with tight stops and decided to sit and watch from the sides. Happy to make my pips in less demanding times.

Can't help with the TP, except it seems to be hanging there after the event. Maybe bank half....Good luck.
  • #346,025
  • Aug 28, 2013 3:35pm Aug 28, 2013 3:35pm
Quoting TauTrader
What sorcery is this? {image}
lol...
sorcery indeed, love that pic.
Come with me if you want to live....
  • #346,026
  • Aug 28, 2013 4:30pm Aug 28, 2013 4:30pm
Hi

Strong bounce re Carney at Daily S2, Weekly S2 these in the previous 4hr/daily swing lo zone extending down to5420 - this also a previous resistance zone (swing hi) extending down further on the daily/weekly too. 4hr is still in a general opa downtrend but this strong bounce makes 1hr look a bit mixed more than anything now re overall price action (opa.) daily is still in a general opa uptrend. 1hr sma trades below it's 200sma with price below.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: dly.jpg Size: 152 KB
ex member
  • #346,027
  • Aug 28, 2013 7:47pm Aug 28, 2013 7:47pm
Quoting Ill-b-back
Approaching Barclays "published" 5490 long trade SL
Careful guys, with Barclays trade reco followers now out of the way, it maybe time for "the market" - (whoever that is), to clean up Morgan and Stanley's followers by taking out their published SL at 5750 before going to their 4737 target.
lol...
Come with me if you want to live....
  • #346,028
  • Aug 28, 2013 8:15pm Aug 28, 2013 8:15pm
seems like there's a lot of uncertainties regarding the direction on cable and fiber (maybe it's just me ), i think i will be on the sideline for the time being until either the high or the low of the daily hammer is taken out.

for the time being, i think i will try to carry aussie and kiwi as far as possible..
  • #346,029
  • Aug 28, 2013 8:26pm Aug 28, 2013 8:26pm
Quoting Ill-b-back
{quote} Careful guys, with Barclays trade reco followers now out of the way, it maybe time for "the market" - (whoever that is), to clean up Morgan and Stanley's followers by taking out their published SL at 5750 before going to their 4737 target. lol...
the big question is, they post the trading call for what?......
Helping trader??
Or just helping them to Burn their account, so let's named this is high risk high return infestation like what it's advertised....


Yah i think FF need to evaluate those trade call publisher, only high accurate publisher (more than 70%) allowed to publish their trading call, they who constantly posting rubbish must be deleted from the list. I know, some retail trader even able to make more than 70% accurate.
  • #346,030
  • Aug 28, 2013 8:50pm Aug 28, 2013 8:50pm
Quoting Red Alert
{quote} the big question is, they post the trading call for what?...... Helping trader?? Or just helping them to Burn their account, so let's named this is high risk high return infestation like what it's advertised.... Yah i think FF need to evaluate those trade call publisher, only high accurate publisher (more than 70%) allowed to publish their trading call, they who constantly posting rubbish must be deleted from the list. I know, some retail trader even able to make more than 70% accurate.
There is no question in my mind why these calls are published.
Historically very accurate contraindicator.
Come with me if you want to live....
  • #346,031
  • Aug 28, 2013 9:10pm Aug 28, 2013 9:10pm
Quoting Ill-b-back
{quote} There is no question in my mind why these calls are published. Historically very accurate contraindicator.
Yups......again...just take the opposite...

in Higher time frame, obviously the cable in bullish trend.....
  • #346,032
  • Aug 28, 2013 9:32pm Aug 28, 2013 9:32pm
Quoting Red Alert
{quote} Yups......again...just take the opposite... in Higher time frame, obviously the cable in bullish trend.....
Bounced off and closed well above the Jan-June descending weekly TL.
A solid move above the immediate descending 4hr/daily TL may signal continuation.
Have a great day Red
Come with me if you want to live....
  • #346,033
  • Aug 28, 2013 9:52pm Aug 28, 2013 9:52pm
Quoting Ill-b-back
{quote} Bounced off and closed well above the Jan-June descending weekly TL. A solid move above the immediate descending 4hr/daily TL may signal continuation. Have a great day Red
Thank you brother, have a great day to you too....

I have a tiny long from 1.5500, entering after Carney speech ...., so let's make morgan stanley SL as my TP.....

WIll be exit earlier in case any clear consideration...
  • #346,034
  • Aug 28, 2013 9:56pm Aug 28, 2013 9:56pm
Good day to you,

Bigger picture

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 66 KB
  • #346,035
  • Aug 28, 2013 10:18pm Aug 28, 2013 10:18pm
Quoting TauTrader
Good day to you, Bigger picture Regards {image}
Very Clear and nice picture Sir,

in case bullish assumption reach that sell area, interesting when cable playing in the sell zone 1.575x 1.5850, we will see how PA there will be, maybe it will take SL shorts first before going down or activate long pending order at that area before make those longs floating .... as usual this is tricky game....

Good luck brother
Regards
  • #346,036
  • Aug 28, 2013 10:40pm Aug 28, 2013 10:40pm
Quoting Red Alert
{quote} Very Clear and nice picture Sir, in case bullish assumption reach that sell area, interesting when cable playing in the sell zone 1.575x 1.5850, we will see how PA there will be, maybe it will take SL shorts first before going down or activate long pending order at that area before make those longs floating .... as usual this is tricky game.... Good luck brother Regards

Good day, Red Alert

Yip - we do not know. We can only attempt to look for higher probability areas to see if we can extract some profits from the market. Here is the daily for the past few years. Off course - price can still run past for 1000 pips. There is no guarantee. Have to look for other confirmations through your set of tools. The overall range has tightened up quite considerably over time. What's next?

Trade well and take care
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 82 KB
  • #346,037
  • Aug 28, 2013 11:00pm Aug 28, 2013 11:00pm
So if we look at the areas where price did actually come back to the mid to find support - there was a reasonable probability of a further leg up. I'm not suggesting it is the case here, but it is something that cannot be excluded.

Let us see where she takes us.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 75 KB
  • #346,038
  • Aug 28, 2013 11:02pm Aug 28, 2013 11:02pm
Quoting TauTrader
{quote} Good day, Red Alert Yip - we do not know. We can only attempt to look for higher probability areas to see if we can extract some profits from the market. Here is the daily for the past few years. Off course - price can still run past for 1000 pips. There is no guarantee. Have to look for other confirmations through your set of tools. The overall range has tightened up quite considerably over time. What's next? Trade well and take care {image}
very nice chart sir, is that Bollinger band?.....at this point the price at the middle of the range, it is possible to down 1000 pips or going up 1000 pips, the fundies also possible mess the technical easily, ..

at the moment, imho, possibility cable to climb to upper line of daily BB is greater than the lower line....Just my opinion....

best regards
  • #346,039
  • Aug 28, 2013 11:15pm Aug 28, 2013 11:15pm
Quoting Red Alert
{quote} very nice chart sir, is that Bollinger band?.....at this point the price at the middle of the range, it is possible to down 1000 pips or going up 1000 pips, the fundies also possible mess the technical easily, .. at the moment, imho, possibility cable to climb to upper line of daily BB is greater than the lower line....Just my opinion.... best regards
Good day, Red

No - not Bollinger. Since I have no trade running at present. I will place a small buy here with SL just below the recent spike down. Aiming for the recent high.

All the best
  • #346,040
  • Aug 29, 2013 1:49am Aug 29, 2013 1:49am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
cable look set to test the downside....break below 15500 will probably see it test again 15450 region. Unless it can stay above 15560..the downside prevails...
Hindsight is useless if you never learn anything out from it
466 traders viewing now, 6 are registered:
Williamshill
,
Onwionusuhu
,
,
buyhighcry
,
,
Carolina99