Cable Update (GBPUSD) | Page 17377 | 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)

  • #347,521
  • Sep 26, 2013 1:42am Sep 26, 2013 1:42am
market sees knee-jerk downside react to worse than expected Uk current a/c and business investment data although final Q2 GDP remains at 0.7%....brings some comfort to the bears ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 112 KB
ex member
  • #347,522
  • Sep 26, 2013 1:43am Sep 26, 2013 1:43am
Quoting harve
{quote} Bear to 1.6038????
its happened
even better than mama
  • #347,523
  • Sep 26, 2013 1:48am Sep 26, 2013 1:48am
Quoting harve
{quote} its happened

nicely done
All posts are my personal opinion
  • #347,524
  • Sep 26, 2013 1:48am Sep 26, 2013 1:48am
Quoting Rtm
{quote} For me its not even about being or being right at all, I dont care about anything but making money from the market. I think the best way to do this is to put all energy and focus into only a couple trades a month and be done. I need to find a broker here in CAN that will allow me to deposit a decent captial stake to earn a living. Strange rules here only let you deposit so much based on a perceived risk tolerance. Leverage is 50:1 max but I dont care about leverage.
its not easy..many would say having a couple of trades a month adds pressure to get it right..im not sure if u know but i can have one trade the whole year..i simply try and trade in the direction i think the trend is in long term


the best trader is the trader that can trade 100 times be right 10% only but make money
bad trader is a trader that is right 90% of the time and the 10% he/she is wrong can blow account..

and i dont fit the first scenero
  • #347,525
  • Sep 26, 2013 1:52am Sep 26, 2013 1:52am
Quoting nAVIN2007
{quote} its not easy..many would say having a couple of trades a month adds pressure to get it right..im not sure if u know but i can have one trade the whole year..i simply try and trade in the direction i think the trend is in long term the best trader is the trader that can trade 100 times be right 10% only but make money

That is true too, guess it really depends on your personality.
All posts are my personal opinion
  • #347,526
  • Sep 26, 2013 1:53am Sep 26, 2013 1:53am
Quoting Rtm
{quote} nicely done
Could be move up to 1.6057, and then fall again to 1.6007???
even better than mama
  • #347,527
  • Sep 26, 2013 1:54am Sep 26, 2013 1:54am
Quoting nAVIN2007
{quote} its not easy..many would say having a couple of trades a month adds pressure to get it right..im not sure if u know but i can have one trade the whole year..i simply try and trade in the direction i think the trend is in long term the best trader is the trader that can trade 100 times be right 10% only but make money

winning a lot of the time also has pressure to always win and beat the spread too because you need to win more often when really you are playing a losing game.
All posts are my personal opinion
  • #347,528
  • Sep 26, 2013 1:56am Sep 26, 2013 1:56am
Quoting harve
{quote} Could be move up to 1.6057, and then fall again to 1.6007???

I shorted .04 at 6045 this is my chart. I follow you though H
Could go all the way up to 6070 to retest then back down to 6020 or 6000
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_002.png Size: 24 KB
All posts are my personal opinion
  • #347,529
  • Sep 26, 2013 2:01am Sep 26, 2013 2:01am
Quoting Rtm
{quote} I shorted .04 at 6045 this is my chart. I follow you though H Could go all the way up to 6070 to retest then back down to 6020 or 6000 {image}
Let's see @Unemployment Claims news
even better than mama
  • #347,530
  • Sep 26, 2013 2:08am Sep 26, 2013 2:08am
Quoting Rtm
{quote} I need to find a broker here in CAN that will allow me to deposit a decent captial stake to earn a living.

DON'T.
DO.
IT.

Seriously, don't even think about it, unless you either a) have a track record of at least a year (preferably longer) making money consistently with minimal drawdowns, or b), like giving money away.
If b), then please consider making a sizeable donation to http://www.dogstrust.org.uk/
I have no clue what I'm talking about.
  • #347,531
  • Sep 26, 2013 2:12am Sep 26, 2013 2:12am
Quoting Rtm
{quote} winning a lot of the time also has pressure to always win and beat the spread too because you need to win more often when really you are playing a losing game.
  • #347,532
  • Sep 26, 2013 2:36am Sep 26, 2013 2:36am
...huge £7 bn revision to last Uk current a/c data (easy done - to mislay £7bn !) and worse than expected this time, and worse than expected business invest data caused the drop on the knee-jerk data react...price finding demand on 2 x tests of that prev 1hr swing hi (prev res) zone with 50% 5978-6095 ...bulls staging a rally from here or more downside in light of that data now ?

G/L
ex member
  • #347,533
  • Sep 26, 2013 3:43am Sep 26, 2013 3:43am
Until cable makes up its mind and hits 1.612x or 1.597x i think ill sit this one out and wait, theres just no clear direction at the moment.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 35 KB
  • #347,534
  • Sep 26, 2013 3:51am Sep 26, 2013 3:51am
...upside follow thru so far on the 1hr PB candle - classic tweezer bottom at the 50% 5978-6095/prev 1hr sw hi zone (prev res)...can the bulls build on this ? U.s data later.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 117 KB
ex member
  • #347,535
  • Sep 26, 2013 3:52am Sep 26, 2013 3:52am
Quoting bbmac
market sees knee-jerk downside react to worse than expected Uk current a/c and business investment data although final Q2 GDP remains at 0.7%....brings some comfort to the bears ? G/L {image}
DOUBLE Pinbar in H1 Chart.

Cable will Bounce again...
Always looking the GREAT, never left GOOD Point...
  • #347,536
  • Sep 26, 2013 5:51am Sep 26, 2013 5:51am
Don't mind if south to 1.5900 then to 1.6100 ...
  • #347,537
  • Sep 26, 2013 5:56am Sep 26, 2013 5:56am
The currency is being dragged by EU today. No direction of its own. It goes where EU goes. Had a good unemployment figure from US so EU went down and cable went with it. But then the US gdp is bad so it went back up a bit.

Now it's gonna come down to the Pending Home Sales at 10:00 am to see if that's gonna move the cable a bit.
Make your losses in demo. Earn your profits live.
  • #347,538
  • Sep 26, 2013 5:58am Sep 26, 2013 5:58am
Quoting Std-uk
Don't mind if south to 1.5900 then to 1.6100 ...
Well yeah I wouldn't mind that myself, but I'm finding this market about as predictable as my 2 year old lately
Come with me if you want to live....
  • #347,539
  • Sep 26, 2013 6:33am Sep 26, 2013 6:33am
Hey guys. Hope the markets treat you well. Spotted a zone on GBP/USD and left a pending sell @ 1,6299 with SL @ 1,6339. Order for next week most likely. No exact TP yet.

Wish all green pips!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #347,540
  • Sep 26, 2013 6:33am Sep 26, 2013 6:33am
Quoting Ill-b-back
{quote} Well yeah I wouldn't mind that myself, but I'm finding this market about as predictable as my 2 year old lately
IBB,

Can't believe she is 2 years old already!

Time just flies... she must have her own personality traits by now. Unreal.
167 traders viewing now, 4 are registered:
Olu
,
,
Gbpusdfreakk
,