Cable Update (GBPUSD) | Page 17568 | 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)

  • #351,341
  • Oct 30, 2013 2:14pm Oct 30, 2013 2:14pm
Quoting PipTrapper
{quote} I was very bullish the U/CAD until Harper announced that Canada's resources sectors are open to foreign investment. So I closed all 6 long positions in profit and walked away. In hindsight it probably wasn't the best decision, but I still believe that 2014 will see a stronger Loonie helped along by large acquisitions from foreign companies... especially Chinese ones. Regardless, I think the top for U/CAD comes in around 1.06

piptrapper, by my technical work...i disagree and i feel it will top the march 2009 highs or come close...it wont be tomorrow obviously will take time but ultimtely that is where i see this going at least for now
  • #351,342
  • Oct 30, 2013 2:20pm Oct 30, 2013 2:20pm
have any long scalper a target ??
  • #351,343
  • Oct 30, 2013 2:21pm Oct 30, 2013 2:21pm
Quoting PipTrapper
{quote} I was very bullish the U/CAD until Harper announced that Canada's resources sectors are open to foreign investment. So I closed all 6 long positions in profit and walked away. In hindsight it probably wasn't the best decision, but I still believe that 2014 will see a stronger Loonie helped along by large acquisitions from foreign companies... especially Chinese ones. Regardless, I think the top for U/CAD comes in around 1.06
If we make a top around here then i agree with you completely. I'd like to see a few more signals then i'm short this pair too. 3 peaks losing momentum is a great signal (any TF). Good RR too as stop levels very clear.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadprodaily.png Size: 20 KB


Can i ask you please (as you know what you're talking about), are certain MA's better suited to certain TFs? I noticed yesterday that the blokes 4h 200 EMA lined up nicely with the bounce (it wasn't the reason for the bounce but it lined up) but if you switched to 1h it was nowhere to be seen. Cheers.
  • #351,344
  • Oct 30, 2013 2:24pm Oct 30, 2013 2:24pm
Come on WTF move don't let me down.
Founder of Sutherland Wave Principle
  • #351,345
  • Oct 30, 2013 2:24pm Oct 30, 2013 2:24pm
Quoting 2012fx
have any long scalper a target ??
i scalped it long to 6028 (from 5999) then out. Had my eye on 6033 but cut it after a bigish wick formed.
  • #351,346
  • Oct 30, 2013 2:28pm Oct 30, 2013 2:28pm
maybe 5 in here?...
Attached Image
Don't have an ego. Always question yourself and your ability.
  • #351,347
  • Oct 30, 2013 2:32pm Oct 30, 2013 2:32pm
Quoting 2012fx
have any long scalper a target ??
1.61826
Founder of Sutherland Wave Principle
  • #351,348
  • Oct 30, 2013 2:34pm Oct 30, 2013 2:34pm
Quoting Baggi
What does this mean by JP Morgan {quote} Specifically, 1.6031 (daily trend)?

It's going to be interesting if we end up above the daily up trend of 1.6031. I imagine that will look a little like a doji.
  • #351,349
  • Oct 30, 2013 2:47pm Oct 30, 2013 2:47pm
iam out from long 36 out like tautrader with pizza money
  • #351,350
  • Oct 30, 2013 2:49pm Oct 30, 2013 2:49pm
Quoting RamsesII
maybe 5 in here?... {image}
Your 2nd wave and 4th wave are same. It breaks the low of alternation . It may be not 4th wave but wave 2 of wave 5 of wave c
Never test the depth of water with both feet.
  • #351,351
  • Oct 30, 2013 2:52pm Oct 30, 2013 2:52pm
Quoting aBitWonKy
{quote} If we make a top around here then i agree with you completely. I'd like to see a few more signals then i'm short this pair too. 3 peaks losing momentum is a great signal (any TF). Good RR too as stop levels very clear. {image} Can i ask you please (as you know what you're talking about), are certain MA's better suited to certain TFs? I noticed yesterday that the blokes 4h 200 EMA lined up nicely with the bounce (it wasn't the reason for the bounce but it lined up) but if you switched to 1h it was nowhere to be seen. Cheers.

no offensive but bull or bear itss what makes a market but you are only showing part of a picture.....if you pull it back abit.....you will notice that its tried to form a base 3 times and you can argue that it brke out ofa cup withhandle already and hasjust tested it now ...also you can argue its working on a handle of a much larger db base andthe handle also lookss like a db structure..this is all very bullish longer term and its a first stage structure.... until this fails ..going much higher
  • #351,352
  • Oct 30, 2013 2:55pm Oct 30, 2013 2:55pm
waiting for a short
  • #351,353
  • Oct 30, 2013 2:57pm Oct 30, 2013 2:57pm
Quoting fxlover11
{quote} Your 2nd wave and 4th wave are same. It breaks the low of alternation . It may be not 4th wave but wave 2 of wave 5 of wave c
maybe you're right, i am just trying to save money by finding reasons for this to bounce
Don't have an ego. Always question yourself and your ability.
  • #351,354
  • Oct 30, 2013 3:01pm Oct 30, 2013 3:01pm
I'm going to wait and see how the daily candle closes before I decide on a long or short position for this evevning.
  • #351,355
  • Oct 30, 2013 5:22pm Oct 30, 2013 5:22pm
Picked up some extra short @ 1.6039
New voice message: Why are you calling me? If I need you, I'll call you!
  • #351,356
  • Oct 30, 2013 6:45pm Oct 30, 2013 6:45pm
I don't like the bounce at 6000 that is a triple zero support, and my EW counts suggesting price would like to at least take a rest around these areas.
It is the day after fomc and no major news event coming along... some correction time is somewhat inevitable I am thinking...
I was expecting for a much stronger momentum from fomc but oh well...
Locking in +250pips for now for the next attractive levels...
  • #351,357
  • Oct 30, 2013 7:19pm Oct 30, 2013 7:19pm
Quoting ninner
{quote} piptrapper, by my technical work...i disagree and i feel it will top the march 2009 highs or come close...it wont be tomorrow obviously will take time but ultimtely that is where i see this going at least for now
Oh I'm not saying it worn't, but that will take a few years. I was more talking about 2013 and/or Q1 2014
Those who say it cannot be done should not interrupt those who are doing it
  • #351,358
  • Oct 30, 2013 7:38pm Oct 30, 2013 7:38pm
Quoting aBitWonKy
{quote} If we make a top around here then i agree with you completely. I'd like to see a few more signals then i'm short this pair too. 3 peaks losing momentum is a great signal (any TF). Good RR too as stop levels very clear. {image} Can i ask you please (as you know what you're talking about), are certain MA's better suited to certain TFs? I noticed yesterday that the blokes 4h 200 EMA lined up nicely with the bounce (it wasn't the reason for the bounce but it lined up) but if you switched to 1h it was nowhere to be seen. Cheers.
MAs are very specific to the time frame in which they are used. I use 55, 100 and 200 ema. I sometimes also look at the sma, but ema is my preference. What I normally look for with emas is confluence with other indies... or confluence between one ema on the daily and another ema on the H1 (for example). Each time frame has its own cycle of swing highs and swing lows. On M1 you may get multiple crosses of the MAs in one day where as on H1 you'll get an MA cross once in a few days to a couple of weeks depending on whether price is ranging or trending. The key to proper MA use is in the price reverting to specific MAs after it has been trading away from the MA for a varying length of time. The premise is that price always reverts to the mean because there are cycles that have to be completed (Price does not travel in a straight line). Therefore you have to look at a 200 day ema as just a 200 day ema and cannot be compared to a 200 hour or 200 minute.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,359
  • Oct 30, 2013 8:07pm Oct 30, 2013 8:07pm
took a long on gu since goats are climbing

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxopen-investments-inc.png Size: 45 KB
  • #351,360
  • Oct 30, 2013 8:23pm Oct 30, 2013 8:23pm
Still holding my short, targeting 1.5910.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 105 KB
Dangdut is a music of my country
257 traders viewing now, 1 is registered:
harryatrader