Cable Update (GBPUSD) | Page 17371 | 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)

  • #347,401
  • Sep 24, 2013 5:30am Sep 24, 2013 5:30am
Quoting shivam332
Barclays also called for 1.5300 within 1 month on 23rd August. Its already been 1 month and I don't see 1.5300!
Yep, that's what happens when you call short on approach to the retest of a bullish broken TL lol....
Come with me if you want to live....
  • #347,402
  • Sep 24, 2013 5:35am Sep 24, 2013 5:35am
Quoting Ill-b-back
Barclays calling for 1.6380... Hmmmmm...... Not sure what to do with this last one. Techs and banks trade call contra-indicator both showing a possible drop, but not sure whether to close out now or wait for the daily TL break on this last open long {image} {image} {image}
Might not see 1.6380 but that doesn't mean we won't see a retest of last week's high. It might take a while though...could be a few weeks away.
I have no clue what I'm talking about.
  • #347,403
  • Sep 24, 2013 5:38am Sep 24, 2013 5:38am
Quoting Boy Wonder
{quote} Might not see 1.6380 but that doesn't mean we won't see a retest of last week's high. It might take a while though...could be a few weeks away.
True, it's quite a bit of momentum that needs to be overcome. I'm not committed to anything yet, will take it as it comes
Come with me if you want to live....
  • #347,404
  • Sep 24, 2013 5:49am Sep 24, 2013 5:49am
Quoting Boy Wonder
{quote} Might not see 1.6380 but that doesn't mean we won't see a retest of last week's high. It might take a while though...could be a few weeks away.
let me ask u something!!..can u break that down..how will we see the monthly high??? is there a plan things u need to see?

just interested to know what yur thing and how u got this conclusion
  • #347,405
  • Sep 24, 2013 7:29am Sep 24, 2013 7:29am
Quoting Davit
Is anyone having issues with Meta 4 not showing your trades? I got MBTrading and Oanda accounts and both have "no connection" not showing any of my traders Weird
No problem here. Not using MBT or Oanda though ...
  • #347,406
  • Sep 24, 2013 7:35am Sep 24, 2013 7:35am
Daily S2 at the current daily lo as price takes another leg down to 1st 1/2 of that previous 1hr/minor 4hr/minor daily swing hi zone (previous resistance) - 1st real test of potential rbs (resistance becomes support) on that daily t/f. The important fibs are probably from 4811, 5099 and 5427 to that 6162 hi ? 76.4% of 5885-6162 though is just below current lo.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 232 KB
ex member
  • #347,407
  • Sep 24, 2013 8:21am Sep 24, 2013 8:21am
Quoting Davit
Is anyone having issues with Meta 4 not showing your trades? I got MBTrading and Oanda accounts and both have "no connection" not showing any of my traders Weird
yoz! I dive in short pounds when price was around 1.6064-6021. But I closed 2 lot size today to lighten my lot size, lolz... didn't expect drop so much today. Well weekly chart seems like to go 1.5300 to me.
  • #347,408
  • Sep 24, 2013 11:34am Sep 24, 2013 11:34am
1.5300 within 3 weeks.
  • #347,409
  • Sep 24, 2013 11:51am Sep 24, 2013 11:51am
I think the longs that happen last week were artificial and they only tend to blind the fool...
  • #347,410
  • Sep 24, 2013 12:25pm Sep 24, 2013 12:25pm
They looked pretty real on my chart.

I know what you mean though, market over reaction to an event that was expected but didn't happen resulting in most if not all gains disappearing as though they'd never happen in quick fashion.

I think there will be a taper before the end of the year, if there isn't the fed would have lost what credibility they had left. on the flip, it dill Pull down yields didn't it in the space of a few minutes.
  • #347,411
  • Sep 24, 2013 1:03pm Sep 24, 2013 1:03pm
not artificial. it was real.
  • #347,412
  • Sep 24, 2013 1:10pm Sep 24, 2013 1:10pm
anybody can predict what happen to gbpusd. but no body can predict which prediction is correct.
  • #347,413
  • Sep 24, 2013 1:18pm Sep 24, 2013 1:18pm
Dont depend on the indicators.... Just use the indicators to make TRADING RULES.
  • #347,414
  • Edited 2:28pm Sep 24, 2013 2:11pm | Edited 2:28pm
Resistance did become support (rbs) as price tested 1st 1/2 of that previous swing hi zone price rising from a 5953 current daily lo (@ 200sma on 1hr) to a 1hr general opa downtrend pullback hi of 6019 at the steepest 1hr descending trend line/ @/around the weekly pivot.

Can the bulls mount a further leg up in the daily/weekly general opa uptrends from here or does such support for the £ flatter to deceive ?

G/L

Quoting bbmac
Daily S2 at the current daily lo as price takes another leg down to 1st 1/2 of that previous 1hr/minor 4hr/minor daily swing hi zone (previous resistance) - 1st real test of potential rbs (resistance becomes support) on that daily t/f. The important fibs are probably from 4811, 5099 and 5427 to that 6162 hi ? 76.4% of 5885-6162 though is just below current lo. G/L {image}
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 227 KB
ex member
  • #347,415
  • Sep 24, 2013 3:15pm Sep 24, 2013 3:15pm
Quoting nAVIN2007
{quote} let me ask u something!!..can u break that down..how will we see the monthly high??? is there a plan things u need to see? just interested to know what yur thing and how u got this conclusion
Sorry, just saw your question. I don't know if we will, but I would not be surprised if we did.
I have no clue what I'm talking about.
  • #347,416
  • Sep 24, 2013 3:28pm Sep 24, 2013 3:28pm
Quoting Boy Wonder
{quote} Sorry, just saw your question. I don't know if we will, but I would not be surprised if we did.

Guys on the RSI on H4 is at 49 on GU and on daily is badly directed, also Ichimoku's KinjunSen and TenkanSen intersected in the Kumo on H1 + the Dollar Index broke the 2nd Resistance a few minutes ago and will close the US session above it.
With all that said I shorted the pair at 1.60 looking for 1.595 and lower !


Cheers,
VladG
  • #347,417
  • Sep 24, 2013 4:42pm Sep 24, 2013 4:42pm
Quoting Boy Wonder
{quote} Sorry, just saw your question. I don't know if we will, but I would not be surprised if we did.
i see ..going with the gut
i do this sometimes as well..perhaps more often than not

lets get lucky
  • #347,418
  • Sep 24, 2013 6:21pm Sep 24, 2013 6:21pm
Quoting nAVIN2007
{quote} i see ..going with the gut i do this sometimes as well..perhaps more often than not lets get lucky
Bit more to it than gut mate
But yes, let's get lucky.
I have no clue what I'm talking about.
  • #347,419
  • Sep 24, 2013 7:16pm Sep 24, 2013 7:16pm
i go short tp on yesterday low
  • #347,420
  • Sep 24, 2013 9:36pm Sep 24, 2013 9:36pm
We are heading south now!
Money never sleeps I can hear the dollar calling me
565 traders viewing now, 3 are registered:
,
ricmaj
,