Cable Update (GBPUSD) | Page 17306 | 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)

  • #346,101
  • Aug 30, 2013 3:58am Aug 30, 2013 3:58am
Quoting A-speculator
{quote} i'm think to hold this position a bit longer, if 5430 can be broken and add more at about 5430 later.. let's see..
u will wonder how..??

1.5 then 1.44..


at least i hope u do
  • #346,102
  • Aug 30, 2013 3:59am Aug 30, 2013 3:59am
Quoting nAVIN2007
{quote} u will wonder how..?? 1.5 then 1.44.. at least i hope u do
don't forget we have another support at about 5200,5150,5050 then 5000.. they are close to each other so, this got to be a bumpy ride..
  • #346,103
  • Aug 30, 2013 4:02am Aug 30, 2013 4:02am
Quoting A-speculator
{quote} don't forget we have another support at about 5200,5150,5050 then 5000.. they are close to each other so, this got to be a bumpy ride..

the monthly tells me this..also PA
I know..not going to be easy but i dont care..i have time
  • #346,104
  • Aug 30, 2013 4:07am Aug 30, 2013 4:07am
Quoting A-speculator
{quote} perhaps, yeah.. care to explain a little bit your rationale mate?
I would have thought my rationale was obvious from the chart.
retest and bounce off the Jan/June weekly TL confirmed as a Trend Line by daily PA.
Short bodied daily candles and long lower wicks showing selling pressure is not very strong.
At any particular time, we have had different views on Cable for as long as I can remember.
We obviously trade differently.
Am I right or wrong? Who knows, hence test positions.
Dinner time here, have fun guys.
Come with me if you want to live....
  • #346,105
  • Aug 30, 2013 4:08am Aug 30, 2013 4:08am
Quoting Ill-b-back
{quote} I would have thought my rationale was obvious from the chart. retest and bounce off the Jan/June weekly TL confirmed as a Trend Line by daily PA. Short bodied daily candles and long lower wicks showing selling pressure is not very strong. At any particular time, we have had different views on Cable for as long as I can remember. We obviously trade differently.
u could be right..good luck !!
entering around a round number can give damn good trade results
  • #346,106
  • Aug 30, 2013 4:11am Aug 30, 2013 4:11am
Quoting Ill-b-back
{quote} I would have thought my rationale was obvious from the chart. retest and bounce off the Jan/June weekly TL confirmed as a Trend Line by daily PA. Short bodied daily candles and long lower wicks showing selling pressure is not very strong. At any particular time, we have had different views on Cable for as long as I can remember. We obviously trade differently. Am I right or wrong? Who knows, hence test positions. Dinner time here, have fun guys.
if i might add, perhaps the long wick is showing the selling pressure was not strong enough to brake the support thus was absorbed at that price.. but trend continuation to the upside is only confirmed by the breakout of the high of the candle, isn't it? correct me if i'm wrong mate..
  • #346,107
  • Aug 30, 2013 4:17am Aug 30, 2013 4:17am
Quoting nAVIN2007
{quote} u could be right..good luck !! entering around a round number can give damn good trade results
before i forgot nav, in daily we have yet another support at about 5280 after cable manage to brake 5430 area.. well there's quite a number of support then..
  • #346,108
  • Aug 30, 2013 4:20am Aug 30, 2013 4:20am
Quoting A-speculator
{quote} if i might add, perhaps the long wick is showing the selling pressure was not strong enough to brake the support thus was absorbed at that price.. but trend continuation to the upside is only confirmed by the breakout of the high of the candle, isn't it? correct me if i'm wrong mate..

going back 2 year ago..id agree with arnie..small bodies on daily, show indecision, tough to break lower..a thurst move up is likely but as i have said might have worked 2 years ago with good probability but nowadays..market moves slow things take time..i believe we are seeing the top on cable for a while..

daily bears are making progress..they havent given up yet perhaps strength is coming from USD figures..euro is also getting weak..

all things considered i rather be short
  • #346,109
  • Aug 30, 2013 4:21am Aug 30, 2013 4:21am
Quoting A-speculator
{quote} before i forgot nav, in daily we have yet another support at about 5280 after cable manage to brake 5430 area.. well there's quite a number of support then..

  • #346,110
  • Aug 30, 2013 4:25am Aug 30, 2013 4:25am
Quoting nAVIN2007
{quote} going back 2 year ago..id agree with arnie..small bodies on daily, show indecision, tough to break lower..a thurst move up is likely but as i have said might have worked 2 years ago with good probability but nowadays..market moves slow things take time..i believe we are seeing the top on cable for a while.. daily bears are making progress..they havent given up yet perhaps strength is coming from USD figures..euro is also getting weak.. all things considered i rather be short
yeah, weekly is also showing we are already at the top of the range after cable failed to break 5780 area and another retest is lower that that.. perhaps we might get lower.. how low is the question.. let's hope we manage to break the first support first by today, at least it will confirmed the short term direction..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 60 KB
  • #346,111
  • Aug 30, 2013 4:34am Aug 30, 2013 4:34am
Quoting A-speculator
{quote} if i might add, perhaps the long wick is showing the selling pressure was not strong enough to brake the support thus was absorbed at that price.. but trend continuation to the upside is only confirmed by the breakout of the high of the candle, isn't it? correct me if i'm wrong mate..
No argument with me on that point.

One more time.
We trade different and these are TEST positions.

All the best.

Goodness sakes
Come with me if you want to live....
  • #346,112
  • Aug 30, 2013 4:35am Aug 30, 2013 4:35am
Quoting Freshpips
Currently short from 1.5520... Need to take out DPP @ 1.5511, then 1.55. May find support around 1.5480... Also has DS1 @ 1.5474.

See if this plays out...
  • #346,113
  • Aug 30, 2013 4:38am Aug 30, 2013 4:38am
Quoting Freshpips
{quote} See if this plays out...
im not quite sure there's strong support there mate.. care to show your analysis from a chart? thanks.
  • #346,114
  • Aug 30, 2013 4:41am Aug 30, 2013 4:41am
GU H4

Attached Image (click to enlarge)
Click to Enlarge Name: guh4.PNG Size: 41 KB
  • #346,115
  • Aug 30, 2013 4:42am Aug 30, 2013 4:42am
Good god the guys on the AUDUSD thread are bunch of idiots!
im fed up with them...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #346,116
  • Aug 30, 2013 4:44am Aug 30, 2013 4:44am
Quoting fxtyrant
Good god the guys on the AUDUSD thread are bunch of idiots! im fed up with them...
well, thank goodness you're in this thread then..
  • #346,117
  • Aug 30, 2013 4:46am Aug 30, 2013 4:46am
Quoting A-speculator
{quote} im not quite sure there's strong support there mate.. care to show your analysis from a chart? thanks.
Not necessarily strong support, It was purely a suggestion that we could see a bounce from here..

on M30 you'll see in the last 3 days a few rejections from the 80/85 level...

Away from computer at present (on Iphone!).. Should be back soon and will post then buddy
  • #346,118
  • Aug 30, 2013 4:51am Aug 30, 2013 4:51am
Quoting Freshpips
{quote} Not necessarily strong support, It was purely a suggestion that we could see a bounce from here.. on M30 you'll see in the last 3 days a few rejections from the 80/85 level... Away from computer at present (on Iphone!).. Should be back soon and will post then buddy
ok no problem.. i see you're talking about m30 TF.. yeah perhaps a small bounce can occur.. to be precise, the support on m30 is at about 5485.. but the latest progression on the candles hasn't shown indecision at about the price and current price progress has already broken the lows of previous candle and currently below the support zone.. let's see if m30 can have indecision from current candle after it closed..
  • #346,119
  • Aug 30, 2013 5:02am Aug 30, 2013 5:02am
got to go.. later guys..
  • #346,120
  • Aug 30, 2013 5:15am Aug 30, 2013 5:15am
Quoting chazzle
GU H4 {image}

http://www.forexfactory.com/showthre...84#post6918084

http://www.forexfactory.com/showthre...27#post6920827
I don't want a job, i want money!
729 traders viewing now, 2 are registered:
alenalex
,