Cable Update (GBPUSD) | Page 17358 | 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)

  • #347,141
  • Sep 18, 2013 7:17am Sep 18, 2013 7:17am
Quoting bbmac
....unless there is a big sell off today - yesterday's low likely to become a fractal swing HL on this daily t/f in it's uptrend...time will tell if this greater probability does play out....Price however is still increasingly / arguably ' over bought' / ' over extended' on certain t/f's so will be interesting to see what develops....this is the vfery definition of an uptrend for some and for others a reason to short and ' mean revert,' or more. G/L {image}
The way its been pumping up, make me worry, all thing consider, this could be this month high for gbp, maybe they will pump some more till 1.6005 but if it stop, i fear it retrace. Stay out at sideline for now.
Don't blame the tools. Blame the carpenter.
  • #347,142
  • Sep 18, 2013 7:20am Sep 18, 2013 7:20am
does anyone have a link (ready by hand) where listen to bernanke later?
tks
90% of traders use TA, indicators and prediction
  • #347,143
  • Sep 18, 2013 7:36am Sep 18, 2013 7:36am
Quoting _BBKing_
does anyone have a link (ready by hand) where listen to bernanke later? tks

here you go my friend

http://www.ustream.tv/federalreserve
Nothing is True Everything is Permitted
  • #347,144
  • Sep 18, 2013 7:47am Sep 18, 2013 7:47am
Quoting ogunx
{quote} here you go my friend http://www.ustream.tv/federalreserve

90% of traders use TA, indicators and prediction
  • #347,145
  • Sep 18, 2013 7:55am Sep 18, 2013 7:55am
maybe some down test the 5960 area ....or turn back again !!??
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD__snapshot.png Size: 41 KB
  • #347,146
  • Sep 18, 2013 8:02am Sep 18, 2013 8:02am
Good day to you,

Look for 1.6014. I do not post these often, but Price Action has left a few gaps. Price is looking to cover 1.6014 - close enough to do it now. Further down we have price action gaps to 1.52xx. So - one day - these will be filled. Do not know when..

The problem is - we have a longer term price action gap @ 1.74xx as well. So - hopefully - not now.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 71 KB
  • #347,147
  • Sep 18, 2013 8:05am Sep 18, 2013 8:05am
hmmm why gbpusd don't want to go up after the news shown negative number on us data ...... hmmmm this not a sign for me ...... stand aside is the best things to do right now for sure but I find a bearish divergence pattern on h4 is complete just now ..... if the price manage to break 1.5955 then I think gbpusd will heading below 1.58xx area to closed the gap on Monday .......
  • #347,148
  • Sep 18, 2013 8:09am Sep 18, 2013 8:09am
very riskly to take a short here...because on long term to see 1,6 and more

but also the news are important when usd get bullish its not easy to see 1,6x

18:00
US
USD
Fed Interest Rate Decision
3

0.25%
0.25%


18:00
US
USD
Fed Pace of MBS Purchase Program (Sep)
3

$40B



18:00
US
USD
Fed Pace of Treasury Purchase Program (Sep)
3

$45B



18:00
US
USD
FOMC Economic Projections
3





18:30
US
USD
Fed's Monetary Policy Statement and press conference
  • #347,149
  • Sep 18, 2013 8:18am Sep 18, 2013 8:18am
So - we have wondered by ourselves... why is GU marching north and EU is staying behind? Market has got obligations on EUR/GBP to fill - so we are experiencing excessive negative correlation for a reason.

A bounce off the marked levels will bring GU and EU closer - question is - which one will give ?

We wait..
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 73 KB
  • #347,150
  • Sep 18, 2013 8:30am Sep 18, 2013 8:30am
Quoting TauTrader
Good day to you, Look for 1.6014. I do not post these often, but Price Action has left a few gaps. Price is looking to cover 1.6014 - close enough to do it now. Further down we have price action gaps to 1.52xx. So - one day - these will be filled. Do not know when.. The problem is - we have a longer term price action gap @ 1.74xx as well. So - hopefully - not now. Regards {image}

Careful TT,
a 1hr candle close below 1.5963 should provide sufficient selling pressure for the bears to ride on.
Enjoy your day.
  • #347,151
  • Sep 18, 2013 8:34am Sep 18, 2013 8:34am
Quoting pipcenturion
{quote} Careful TT, a 1hr candle close below 1.5963 should provide sufficient selling pressure for the bears to ride on. Enjoy your day.
Good day to you, Pip

I'm short..

thank you for the heads-up though..

Trade well
  • #347,152
  • Sep 18, 2013 9:57am Sep 18, 2013 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_1_godzina.png Size: 74 KB
  • #347,153
  • Sep 18, 2013 10:05am Sep 18, 2013 10:05am
Quoting TauTrader
So - we have wondered by ourselves... why is GU marching north and EU is staying behind? Market has got obligations on EUR/GBP to fill - so we are experiencing excessive negative correlation for a reason. A bounce off the marked levels will bring GU and EU closer - question is - which one will give ? We wait.. {image}
Err...
Attached Image (click to enlarge)
Click to Enlarge Name: Charles Darwin.jpg Size: 246 KB
Always looking the GREAT, never left GOOD Point...
  • #347,154
  • Sep 18, 2013 10:35am Sep 18, 2013 10:35am
I share tau trader idea of short, my analisys on weekly says 1.6006 is a 61.8 fibo retracement. MARKET TIMING is perfect because of the FOMC meeting, it can be a resistance point as I see it, or just blow right through it. But it's a major point in my opinion so, be on the lookout!
  • #347,155
  • Sep 18, 2013 10:52am Sep 18, 2013 10:52am
Quoting eliteincome
{quote} Gidday Andex Got long an short thought we might see close to 160 then maybe retrace to lower levels below 158 One of them will be right,the other I will have to wait a bit longer:nerd:
Good luck !
  • #347,156
  • Sep 18, 2013 11:14am Sep 18, 2013 11:14am
Do we get 1.6000 level today? On watch for the moves today after news.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1600level.png Size: 56 KB
  • #347,157
  • Sep 18, 2013 11:58am Sep 18, 2013 11:58am
So many lost geese in this thread sounds like. No one wants to just follow the move. I have been long since sept. 11 and sitting on 138.4 pips for now, but it definitely looks like we could have a huge move here so I will wait and use my simple MA system because I know it works. If you are not long now, damn where are you man everyone else is riding this. EURGBP is getting ready for a new move too looks like. EU has been trying but no one is interested. Crappy fundy maybe.
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_021.png Size: 7 KB
All posts are my personal opinion
  • #347,158
  • Sep 18, 2013 11:59am Sep 18, 2013 11:59am
Quoting Rtm
So many lost geese in this thread sounds like. No one wants to just follow the move. I have been long since sept. 11 and sitting on 140 pips for now, but it definitely looks like we could have a huge move here so I will wait and use my simple MA system because I know it works. If you are not long now, damn where are you man everyone else is riding this. EURGBP is getting ready for a new move too looks like. EU has been trying but no one is interested. Crappy fundy maybe. {image}

What MA and Time frame ?
  • #347,159
  • Sep 18, 2013 12:01pm Sep 18, 2013 12:01pm
Quoting alam88009
{quote} What MA and Time frame ?

SMA's baby 100 and 200 are the best. Daily has the most power. Weekly and monthly you would die before you could get to your billions$$$
All posts are my personal opinion
  • #347,160
  • Sep 18, 2013 12:02pm Sep 18, 2013 12:02pm
Quoting Rtm
So many lost geese in this thread sounds like. No one wants to just follow the move. I have been long since sept. 11 and sitting on 140 pips for now, but it definitely looks like we could have a huge move here so I will wait and use my simple MA system because I know it works. If you are not long now, damn where are you man everyone else is riding this. EURGBP is getting ready for a new move too looks like. EU has been trying but no one is interested. Crappy fundy maybe. {image}
GBPUSD has been a high flier for a while now with excellent trend following long side action. I can see many fund types distributing into the move above 1.6000 for some profit lock action. Today will have some good late day opportunities imo.
520 traders viewing now, 3 are registered:
meugampong
,
,