Cable Update (GBPUSD) | Page 17592 | 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)

  • #351,821
  • Nov 5, 2013 4:38am Nov 5, 2013 4:38am
Quoting PipTrapper
{quote} If the cup and handle on U/CHF is any indication... {image}

im pretty sure this this will tank..there just to much divergence but no trigger news wise so its going to have to USD breaking wind
  • #351,822
  • Nov 5, 2013 4:41am Nov 5, 2013 4:41am
The fate of sterling – government means more than good PMI.
http://www.forexlive.com/blog/2013/1...than-good-pmi/
Those who say it cannot be done should not interrupt those who are doing it
  • #351,823
  • Nov 5, 2013 4:42am Nov 5, 2013 4:42am
Quoting nAVIN2007
{quote} im pretty sure this this will tank..there just to much divergence but no trigger news wise so its going to have to USD breaking wind
I am assuming you mean that Sterling will tank... right?
Those who say it cannot be done should not interrupt those who are doing it
  • #351,824
  • Nov 5, 2013 4:42am Nov 5, 2013 4:42am
eur is very clear to me ,even tho eu is on rising tl ,

Quoting Bones
false consolidation pattern , {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,825
  • Nov 5, 2013 4:46am Nov 5, 2013 4:46am
Quoting Bones
gbp is in a box has the ability to surprise ,will always be difficult read in this condition ,but I say break bottom eventually before top tightened stops as expensive school run ,-£1500 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxdaily.png Size: 59 KB
  • #351,826
  • Nov 5, 2013 4:46am Nov 5, 2013 4:46am
Quoting Bones
eur is very clear to me ,even tho eu is on rising tl , {quote}
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #351,827
  • Nov 5, 2013 4:48am Nov 5, 2013 4:48am
Gu if test 6630 monthly,daily 5485 -5427, target first 5885/5850 , next 5700, weekly, 5727-5582. all ok .
Now in h4 tf another leg up likely with correction down first for 6095 -6150 very ok play & take action as per.

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 42 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #351,828
  • Nov 5, 2013 4:49am Nov 5, 2013 4:49am
Quoting PipTrapper
{quote} I am assuming you mean that Sterling will tank... right?
with a bit of luck
  • #351,829
  • Nov 5, 2013 4:52am Nov 5, 2013 4:52am
Quoting nAVIN2007
{quote} with a bit of luck
Now you're talking like the Irish
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #351,830
  • Nov 5, 2013 4:52am Nov 5, 2013 4:52am
Quoting fontu
Gu if test 6630 monthly,daily 5485 -5427, target first 5885/5850 , next 5700, weekly, 5727-5582. all ok . Now in h4 tf another leg up likely with correction down first for 6095 -6150 very ok play & take action as per. fontu {image}
fonto your view of euro
  • #351,831
  • Nov 5, 2013 4:56am Nov 5, 2013 4:56am
Quoting PipTrapper
{quote} Now you're talking like the Irish {image}
  • #351,832
  • Nov 5, 2013 4:57am Nov 5, 2013 4:57am
Quoting ravenbg
GU did go upwards because of the news. News will not manage to continue this move - my opinion.
Bro,
GU hit support since Friday. I gave the call on this same thread when GU did.
In my opinion, reading the charts correctly will save you the stress of waiting for economic reports before you trade.
The 'deed' usually has been done by the time the news is out.
Remember, ''a wise hawk hides its claws.'' They never want you to see them coming!
  • #351,833
  • Edited 5:14am Nov 5, 2013 5:01am | Edited 5:14am
Quoting julia2011
{quote} fonto your view of euro

Thanks , see the last post about : http://www.forexfactory.com/showthre...27#post7068927
Also see about gold views , http://www.forexfactory.com/showthre...44#post7069644
gold playing at bottom but more bottom still can play till euro & all except US give full blown recovery sending US to history low recession again . wish this situation not happened yet & so they all will play still down , actually euro & alled gu & others not at all ( enough) down so far comparative gold & finally they more down , settle for the last time , bottom play for extended time to reverse with gold if possible or gold will jump without them or ranging at down for few years as I favour the last views .Not any to be kill but stay cool till all amicably settle in the play.
Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #351,834
  • Nov 5, 2013 5:04am Nov 5, 2013 5:04am
Quoting nAVIN2007
{quote} im pretty sure this this will tank..there just to much divergence but no trigger news wise so its going to have to USD breaking wind

at what point will you bail should the gbp go further up ?
  • #351,835
  • Nov 5, 2013 5:06am Nov 5, 2013 5:06am
Quoting lumesh
{quote} at what point will you bail should the gbp go further up ?

it all depends on what i see and how price moves..u have to be flexible imho
I have a theory. The majority of trader have stop losses and the brokers have this information on audit..which i know can be bought..so major players have this information and target those stops as the majority is generally wrong..It depends where the major stops are..and they are hunted!
brokers also trade against these position i believe.


so i dont like to show my limits..but they are there
  • #351,836
  • Nov 5, 2013 5:08am Nov 5, 2013 5:08am
next station 1,6100/6120 ??
Don't give up
  • #351,837
  • Nov 5, 2013 5:11am Nov 5, 2013 5:11am
Quoting nAVIN2007
{quote} it all depends on what i see and how price moves..u have to be flexible imho
amen to that!


6070-80 are on your side when it comes to trend. However, it can also be a curse if too many load up on the downside ahead of it.

6042 is the short term support.
  • #351,838
  • Nov 5, 2013 5:14am Nov 5, 2013 5:14am
Quoting nAVIN2007
{quote} it all depends on what i see and how price moves..u have to be flexible imho I have a theory majority of trader have stop losses and the brokers have this information on audit..which i know can be bought..so major player have this information and target those stops as the majority is generally wrong..it depends where the major stops are..and they are hunted. brokers also trade against these position i believe. so i dont like to show my limits..but they are there
Not sure the brokers actually sell that info. Regardless, they know it anyway.
All it takes is a small study in retail crowd psychology, do a bit of tech analysis and they can pretty much guess where the majority of the stops are placed.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,839
  • Nov 5, 2013 5:18am Nov 5, 2013 5:18am
Quoting PipTrapper
{quote} Not sure the brokers actually sell that info. Regardless, they know it anyway. All it takes is a small study in retail crowd psychology, do a bit of tech analysis and they can pretty much guess where the majority of the stops are placed.

they 100% do...i had a friend in here way back he actually bought the the order book..it costs a lot..he paid 2k a month for it..and actually sent it to me..when i could not trade to save my life..so i could not make use of it as i wasnt strong enough to hold a damn position

he sold gold..made 95k..and i didnt see him again..

Quoting PipTrapper
{quote} Not sure the brokers actually sell that info. Regardless, they know it anyway. All it takes is a small study in retail crowd psychology, do a bit of tech analysis and they can pretty much guess where the majority of the stops are placed.
the book has all info regarding trades...and require no study
  • #351,840
  • Nov 5, 2013 5:19am Nov 5, 2013 5:19am
Quoting lumesh
{quote} amen to that! 6070-80 are on your side when it comes to trend. However, it can also be a curse if too many load up on the downside ahead of it. 6042 is the short term support.
Very short term support.
Key intraday support is 6015/10
Those who say it cannot be done should not interrupt those who are doing it
147 traders viewing now