Cable Update (GBPUSD) | Page 17388 | 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)

  • #347,741
  • Sep 30, 2013 10:43am Sep 30, 2013 10:43am
Quoting plumiash
{quote} hey nav!. are you shorting this already?

yes too damn much
im rather hoping this is a pullback scenero..otherwise im in trouble
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 92 KB
  • #347,742
  • Sep 30, 2013 10:47am Sep 30, 2013 10:47am
Quoting nAVIN2007
{quote} so long as dolar is in this channel there is a chance it is sitting on support {image}
of course there's always a chance, but in my experience especially with USD-Index, the levels tell me a lot more compared to the trend-lines.
Hope TL gives support though because I'm just searching for the entry without a pos, so being wrong doesn't hurt
Don't be a hero. Don't have an ego. Always question yourself
  • #347,743
  • Sep 30, 2013 10:50am Sep 30, 2013 10:50am
Quoting nAVIN2007
{quote} yes too damn much im rather hoping this is a pullback scenero..otherwise im in trouble {image}


relax nav.. I have some "pets" too that must be fed as soon as possible ..

Attached Image
  • #347,744
  • Sep 30, 2013 10:51am Sep 30, 2013 10:51am
Quoting nAVIN2007
{quote} yes too damn much im rather hoping this is a pullback scenero..otherwise im in trouble {image}
All the best to you man... I can feel the pain every time someone uses the word "hope" in forex trading
  • #347,745
  • Sep 30, 2013 10:52am Sep 30, 2013 10:52am
Quoting nAVIN2007
{quote} yes too damn much im rather hoping this is a pullback scenero..otherwise im in trouble {image}
wow... you always amaze me man with your trading style.. i don't think i have the guts to do what you did man..
  • #347,746
  • Sep 30, 2013 11:03am Sep 30, 2013 11:03am
Although i am heavily upside down right now.

I feel surprisingly confident. To break out of the current channel which stretches back at least 3 years and arguably all the way back to Oct 2008 as a descending trendline registering lower highs consistently we will need more than a few freak data reads.

Will be holding,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 81 KB
Money never sleeps...
  • #347,747
  • Sep 30, 2013 11:06am Sep 30, 2013 11:06am
Quoting nAVIN2007
{quote} yes too damn much im rather hoping this is a pullback scenero..otherwise im in trouble {image}
Hello navin...is that monthly chart?? wowww...
this is mine D1 only
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 87 KB
  • #347,748
  • Sep 30, 2013 11:14am Sep 30, 2013 11:14am
Quoting JollyBean
{quote} All the best to you man... I can feel the pain every time someone uses the word "hope" in forex trading

yes i know the feeling..
  • #347,749
  • Sep 30, 2013 11:15am Sep 30, 2013 11:15am
Short 1.6201 sl 166 tp 157 ish
  • #347,750
  • Sep 30, 2013 11:17am Sep 30, 2013 11:17am
Quoting inpatient
Although i am heavily upside down right now. I feel surprisingly confident. To break out of the current channel which stretches back at least 3 years and arguably all the way back to Oct 2008 as a descending trendline registering lower highs consistently we will need more than a few freak data reads. Will be holding, {image}
i think the important parts in trading is not only previous pattern but also latest development of trend need to be taken into account too.. as you can see from your chart, technically, price already violate the high of the range and latest candle development also quite bullish.. so i think it is safe to say that the safer trade is to trade with the trend which is to the upside.. one only has to figure out where to buy..

we might get the chance to trade on the counter side once in a while but more protection need to be taken for the counter trade.. since we might not get back to where we enter..

just my 2 cents.
  • #347,751
  • Sep 30, 2013 11:42am Sep 30, 2013 11:42am
ucad seems like moving more towards downtrend.. perhaps will bring more bullish to cable..

shorted ucad at 02955, test position..
  • #347,752
  • Sep 30, 2013 11:46am Sep 30, 2013 11:46am
i thought it was just me selling this pair...lol
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 - admiral markets.png Size: 99 KB
  • #347,753
  • Sep 30, 2013 11:49am Sep 30, 2013 11:49am
Heavy GBP volume on the Reuters matching exchange, both in EURGBP and GBPUSD. Citied month end and vodafone-verizon fixes.
Attached Image (click to enlarge)
Click to Enlarge Name: fx volume.png Size: 598 KB
  • #347,754
  • Sep 30, 2013 11:51am Sep 30, 2013 11:51am
Quoting inpatient
Although i am heavily upside down right now. I feel surprisingly confident. To break out of the current channel which stretches back at least 3 years and arguably all the way back to Oct 2008 as a descending trendline registering lower highs consistently we will need more than a few freak data reads. Will be holding, {image}
I can totally see "W" pattern right there.
  • #347,755
  • Sep 30, 2013 11:59am Sep 30, 2013 11:59am
Quoting oldtbone
i thought it was just me selling this pair...lol {image}
well i guess "You'll never walk alone" mate.. lol.
  • #347,756
  • Sep 30, 2013 12:07pm Sep 30, 2013 12:07pm
last 4h candle closed above the previous candle high.. seems like continuation.. will not be trading cable for sometime i guess until significant retracement is sighted..

currently only holding short EG and ucad..

later guys. good luck and trade safe.
  • #347,757
  • Sep 30, 2013 12:08pm Sep 30, 2013 12:08pm
Quoting A-speculator
last 4h candle closed above the previous candle high.. seems like continuation.. will not be trading cable for sometime i guess until significant retracement is sighted.. currently only holding short EG and ucad.. later guys. good luck and trade safe.
its too late for the trade safe..

can u believe these people:-

http://www.forexfactory.com/news.php?do=news&id=450065

based on this thread..id say no!!!!!!
  • #347,758
  • Sep 30, 2013 12:11pm Sep 30, 2013 12:11pm
GBP diverging from Citi's prop model based on yield curve spreads. Looking high...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP vs citi.png Size: 61 KB
  • #347,759
  • Sep 30, 2013 12:21pm Sep 30, 2013 12:21pm
Quoting nAVIN2007
{quote} its too late for the trade safe.. can u believe these people:- http://www.forexfactory.com/news.php?do=news&id=450065 based on this thread..id say no!!!!!!
Quote
Based on this statistic, your current trading style is likely to be as risky, if not riskier compared to well-managed Martingale strategies. This statement is of course very general because traders could get their accounts wiped out due to numerous reasons, such as failure to control emotions.

  • #347,760
  • Sep 30, 2013 12:26pm Sep 30, 2013 12:26pm
Quoting A-speculator
{quote} well i guess "You'll never walk alone" mate.. lol.
nearly mc.thinking to step aside and spend some time with family ..a vacation mybe..if this one blown before getting back to trading.
440 traders viewing now, 3 are registered:
,
ricmaj
,
jessetoye