Cable Update (GBPUSD) | Page 17361 | 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)

  • #347,201
  • Sep 18, 2013 3:42pm Sep 18, 2013 3:42pm
Quoting okosodo
When some one told us that there would be a 2.170 for this pair by the end of this year, i insulted hm. Bot now i am sorry

he was talking shit
but im sorry as well
  • #347,202
  • Sep 18, 2013 3:51pm Sep 18, 2013 3:51pm
1.615 is possible turn around level but can't seem to pinpoint any tops yet!! hopefully we see 63 soon when the real action begins. 7% isn't likely anytime soon! Comments welcome
  • #347,203
  • Sep 18, 2013 4:02pm Sep 18, 2013 4:02pm
7%?
  • #347,204
  • Sep 18, 2013 4:03pm Sep 18, 2013 4:03pm
no really....
11pips?

fuckin shit!
Attached Image
90% of traders use TA, indicators and prediction
  • #347,205
  • Sep 18, 2013 4:09pm Sep 18, 2013 4:09pm
I am out from market since 2013 08 15. Now looking from outside and dont trade and feel much better
Just dont know now will I back to that deadlly rulete ever again.

Believe me or not but trading the second year i did only 615 euros per 8 months. ahahaha when in normal job i can make 20 000 euros per 8 months. What i want you to advice is if you want to continue trading its better to do by having stable job with stable income.

Without that you very dependent on your open positions ahahah
  • #347,206
  • Sep 18, 2013 4:12pm Sep 18, 2013 4:12pm
Gidday


Everybody caught some of that move

man still got a couple off shorts

but any way trying out this

autochartist pattern 15 min chart

It was saying up for over two days

My longs got smoked

Looks like it turning down for a bit.

So did a small long any way just in case it keeps chugging up hill.

So much for the retrace:nerd:
  • #347,207
  • Sep 18, 2013 4:21pm Sep 18, 2013 4:21pm
Quoting Trader88q
I am out from market since 2013 08 15. Now looking from outside and dont trade and feel much better Just dont know now will I back to that deadlly rulete ever again. Believe me or not but trading the second year i did only 615 euros per 8 months. ahahaha when in normal job i can make 20 000 euros per 8 months. What i want you to advice is if you want to continue trading its better to do by having stable job with stable income. Without that you very dependent on your open positions ahahah
else ... being billionaire is another good way
90% of traders use TA, indicators and prediction
  • #347,208
  • Sep 18, 2013 5:01pm Sep 18, 2013 5:01pm
Quoting _BBKing_
no really.... 11pips? fuckin shit! {image}
Erm, the forex markets are closed from 2200 to 2215 (UK time). Your broker probably widens the spread to protect himself should the price gap upon reopen at 2215, rather than have to explain to all the retail oiks that the markets are actually closed for 1/4 hour.
I have no clue what I'm talking about.
  • #347,209
  • Sep 18, 2013 5:01pm Sep 18, 2013 5:01pm
any one long here at this point??
advise required weather cable is going up or any kind of retracement here??
  • #347,210
  • Sep 18, 2013 5:14pm Sep 18, 2013 5:14pm
Quoting neil324
7%?
Unemployment rate
  • #347,211
  • Sep 18, 2013 6:04pm Sep 18, 2013 6:04pm
Quoting forexalien
{quote} Your chart looks about like mine.................
mine too. Will be holding though.
Money never sleeps...
  • #347,212
  • Sep 18, 2013 6:21pm Sep 18, 2013 6:21pm
Quoting Tsar
Cable in Daily Chart... Keep watch in Price 1.5585 If Broken, Cable say Hello to Price 1.6131 {image}
Target reached

Printed more... @ 1.6153
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-19_Cable in Weekly Chart - Printed more Traget.jpg Size: 174 KB
Always looking the GREAT, never left GOOD Point...
  • #347,213
  • Sep 18, 2013 7:17pm Sep 18, 2013 7:17pm
Quoting Tsar
{quote} Target reached Printed more... @ 1.6153 {image}
Very well done Tsar, a nice chart indeed
Come with me if you want to live....
  • #347,214
  • Sep 18, 2013 8:28pm Sep 18, 2013 8:28pm
Will take a shot short now that Asian session is open with lower probability trade short. This is not my typical system trade set up since I am trading against price momentum indications.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD6130short.png Size: 45 KB
  • #347,215
  • Sep 18, 2013 9:51pm Sep 18, 2013 9:51pm
Gidday Traders

Still playing with auto chart GBP/US

Showing continuation up

So entered a small long

it takes a bit of getting used to.

Tried it on EUR/YEN
  • #347,216
  • Sep 18, 2013 9:57pm Sep 18, 2013 9:57pm
Hello again

Yeah EUR/YEN moves heaps

A lot of fast moves with EUR/YEN

get missed on 15 MIN chart

If anybody else is using anything that

can help the GBP/US forum

make a post:nerd:
  • #347,217
  • Sep 18, 2013 9:59pm Sep 18, 2013 9:59pm
It's easier to trade in the flow of trend upon pull back each time. If worry to buy too high, just wait for pull back. Or wait for news to buy higher again.

Picking top or bottom will likely to tank quite awhile of buffering and dd before the trade move in favor for the trader.
  • #347,218
  • Sep 18, 2013 10:03pm Sep 18, 2013 10:03pm
Going to work the GBPUSD tonight at these levels and I like this area as a seller. Sold the 1.6141 level with another 1/2 position - set target for this new position at 1.6121 to thin down the trade size. I have set another target at 1.6111 and final target will be my lower main band. Stop for total position set at 1.6155 level.
  • #347,219
  • Sep 18, 2013 11:06pm Sep 18, 2013 11:06pm
I think GU may go to 1.62-1.63
  • #347,220
  • Edited 11:25pm Sep 18, 2013 11:15pm | Edited 11:25pm
Few thoughts for Bears

Do what you can to sustain maybe possible another 200pips up and you can close some "legs" to alleviate the pressure.
Add funds if you can.Whatever you do don't panic and close your shorts now.
In just few months we could see 154 again.
Last time cable 1.70 was in 2009 and conditions economically are not the same.British economy is weak despite of rosy projections.Much of this happy hysteria I suspect will come down next few months.

One way to overcome DD's is to trade with smaller lots and low leverage.Expect the worst and fight on from that perspective.
Be patient.This is an opportunity to test your mental endurance.
Think of Marines training pushed to breaking point but surviving.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.monthly.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
513 traders viewing now, 2 are registered:
,