Cable Update (GBPUSD) | Page 17683 | 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)

  • #353,641
  • Nov 20, 2013 3:48am Nov 20, 2013 3:48am
Quoting P.Action
{quote} if break 6117 and 6095. i dont fight with support. so i close my short position.

You close at 1.6119? Doesn't seem like it wants to go lower right now, should probably cover as well.

Too funny, EU is coming down while GU refuses to go below 1.6119 and just starts coming up, these markets are so ridiculously tough right now

This is just so ass backwards
  • #353,642
  • Nov 20, 2013 3:59am Nov 20, 2013 3:59am
Quoting Ck87
Rejections to upside so you think R2? so you mean S2 at 1.6030? ...
What did you want to say exactly?
The Market pays you to be disciplined
  • #353,643
  • Nov 20, 2013 4:01am Nov 20, 2013 4:01am
Quoting mima
{quote} What did you want to say exactly?
I made a mistake and posted R2 instead of S2.
  • #353,644
  • Nov 20, 2013 4:02am Nov 20, 2013 4:02am
What a crock of utter shit this is
  • #353,645
  • Nov 20, 2013 4:03am Nov 20, 2013 4:03am
Quoting Ck87
{quote} You close at 1.6119? Doesn't seem like it wants to go lower right now, should probably cover as well. Too funny, EU is coming down while GU refuses to go below 1.6119 and just starts coming up, these markets are so ridiculously tough right now This is just so ass backwards
yes i close 6119

i wait 6117 break and down momentum bro. i dont see enough down momentum at that time. so i close manually. 1-2 pips isnt important for me. if we look price now it is 6139. so i took right decision.



the other subject you should look EUR-GBP currency
  • #353,646
  • Nov 20, 2013 4:07am Nov 20, 2013 4:07am
What a total nightmare, knew i shoulda covered, market always takes my profit away from me, so unreal
  • #353,647
  • Nov 20, 2013 4:09am Nov 20, 2013 4:09am
Looks bullish to me targetting 6240 area before looking for major rejection/reversal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh41.png Size: 27 KB
Click to Enlarge Name: gbpusdh4.png Size: 28 KB
Come with me if you want to live....
  • #353,648
  • Nov 20, 2013 4:10am Nov 20, 2013 4:10am
Quoting Ck87
What a total nightmare, knew i shoulda covered, market always takes my profit away from me, so unreal
Some days we bite the pillow
Come with me if you want to live....
  • #353,649
  • Nov 20, 2013 4:13am Nov 20, 2013 4:13am
Quoting Ck87
What a total nightmare, knew i shoulda covered, market always takes my profit away from me, so unreal
this is consodilation zone. so price go up and down cuseless.


everyone wait FOMC meeting minutes.


price break consodilation zone according to FOMC decisions. in other condition i dont wait major movement.
  • #353,650
  • Nov 20, 2013 4:16am Nov 20, 2013 4:16am
Quoting Ck87
What a total nightmare, knew i shoulda covered, market always takes my profit away from me, so unreal

majority have short ..which isnt good..i never seen the majority win
im pissed as well..i was a big time bull..but got into a hedge and after it started falling apart..the market has gone from 1.48 to here without a significant retrace, friggin unbelievable

just have to stay strong..
  • #353,651
  • Nov 20, 2013 4:19am Nov 20, 2013 4:19am
Quoting P.Action
{quote} ...everyone wait FOMC meeting minutes. price break consodilation zone according to FOMC decisions. in other condition i dont wait major movement.
Feel the same, and am watching Cable tapping away at that ascending magenta TL. We're more than half way through the month, and the monthly candle so far looks to me to want to go up.

Dollar squatting a little on the daily, the weekly a nice previous pin, the monthly, well, it had to look the opposite, didn't it!


Stuff it - I'm calling 1.64/kiss of the 61.8 FE for week close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 63 KB
Click to Enlarge Name: gbpusdweekly.png Size: 80 KB
Click to Enlarge Name: gbpusddaily.png Size: 77 KB
Click to Enlarge Name: usdollardaily.png Size: 67 KB
Click to Enlarge Name: usdollarweekly.png Size: 68 KB
Click to Enlarge Name: usdollarmonthly.png Size: 59 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #353,652
  • Nov 20, 2013 4:21am Nov 20, 2013 4:21am
I always believe in positioning before news events, and letting these events move the market for you.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP_Reverse_Symmetrical_Triangle.png Size: 24 KB


This is the reason why I'm holding on to longs. Reverse Symmetrical Triangle on the Daily chart with upper trendline target of 1.625.

After that, it's anybody's game.

p.s. that blue line is an upper channel line. We've been hovering around it for ages. Next year might answer if it's a true break-up, though I doubt so.
  • #353,653
  • Nov 20, 2013 4:22am Nov 20, 2013 4:22am
Hello thread members,

Not good news for the bears - on trade explorer - only 66% of lots are now short, down from 81% yesterday lol ! - these incurable longer-term bears obviously got stopped out ?...I said yesterday If I were a bear the September monthly candle, last week's weekly candle and the bounce up from yesterday's low would all worry me....I'm not an incurable bear so they don't and I notice that some bears here re positions posted in recent week and stops have already been stopped out of some positions....oh well some will cling onto their positions despite all the available evidence- still insisting their analysis to be right, trying to convince the thread it is and the rest of us are stupid etc....By the way for the record I am neither a long term bull or bear - I trade short term and try not to have opinions - I just try to trade what I see....that is the best way re technical trading. 4Hr is shown below

Best Wishes
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 110 KB
it's all gone a bit........
  • #353,654
  • Nov 20, 2013 4:22am Nov 20, 2013 4:22am
Going short now, targeting 1,595. Wide SL @1,622

GBP performance seems out of touch with UK economics, especially vs US.

GL ALL
  • #353,655
  • Nov 20, 2013 4:26am Nov 20, 2013 4:26am
Quoting nAVIN2007
{quote} majority have short ..which isnt good..i never seen the majority win im pissed as well..i was a big time bull..but got into a hedge and after it started falling apart..the market has gone from 1.48 to here without a significant retrace, friggin unbelievable just have to stay strong..

Agree, I keep telling myself the market is too short and will rally higher, then I short it and don't take my profit fast enough, knew if anything I should be sticking to buying, Just went long targeting 1.6180, might as well profit off this insanity.

W/e out at break even, gonna have to be patient, too annoyed right now should prob go to sleep
  • #353,656
  • Nov 20, 2013 4:40am Nov 20, 2013 4:40am
i dont see cable going anywhere.. on the higher tfs seems were heading north but we have some massive resistences over us.. that we are not able to break yet.. 6170-6240 are level to watch... but we might as well range till the end of the year...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 51 KB
Click to Enlarge Name: gbpusdh4.png Size: 49 KB
I don't want a job, i want money!
  • #353,657
  • Nov 20, 2013 4:49am Nov 20, 2013 4:49am
Not sure why anyone would want to short the GBP especially if you take a look at the higher TF's. Its very obvious price is in consolidation mode after a big run up. This is just a continuation pattern before price could possibly go up again.
Trade what the charts are telling us and not what we think is going to happen.
  • #353,658
  • Nov 20, 2013 4:51am Nov 20, 2013 4:51am
Quoting dario1002
i dont see cable going anywhere...
Well on D1 GU is in up trend...there is no sign of going down and Dollar Index is in down trend ...
The Market pays you to be disciplined
  • #353,659
  • Nov 20, 2013 4:56am Nov 20, 2013 4:56am
is it now looking more bullish than bearish within the daily range shown by box ? - or is it still just rangy on this time frame ?

Best Wishes
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 84 KB
it's all gone a bit........
  • #353,660
  • Nov 20, 2013 4:59am Nov 20, 2013 4:59am
Quoting dario1002
i dont see cable going anywhere.. on the higher tfs seems were heading north but we have some massive resistences over us.. that we are not able to break yet.. 6170-6240 are level to watch... but we might as well range till the end of the year... {image} {image}
I seems to me both red rectangle as an beautiful bullish flag...

Have green pips!
Anything is math!
707 traders viewing now, 1 is registered: