Cable Update (GBPUSD) | Page 17684 | 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)

  • #353,661
  • Nov 20, 2013 5:05am Nov 20, 2013 5:05am
Majority here are telling that they are long, so why trade explorer shows that majority is short Beats me
  • #353,662
  • Nov 20, 2013 5:14am Nov 20, 2013 5:14am
Quoting 1pipperhour
Majority here are telling that they are long, so why trade explorer shows that majority is short Beats me

I've just read back last 4 pages of thread covering 18hrs or so and I don't see that most have expressed that they are long ? Yeh in trade explorer most are short sure although the proportion short has dropped in last 24hr hours...and yeh most of the more ' prominent ' posters here seem to be ' longer term ' bears (Navin, Bones, Davit etc...) but I think it is a question of time frame - some will say they are long or short but don't assume they are ' long term ' bulls / bears or even hold that view from their analysis even if they are not in a position- they may be on low t/f's and smallish targets etc...

For me, right now re t/f's:

monthly - rangy with recent bullishness
weekly uptrend
daily rangy with recent bullishness
4hr bullish
1hr bullish

Best Wishes
it's all gone a bit........
  • #353,663
  • Nov 20, 2013 5:15am Nov 20, 2013 5:15am
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}

thats a possibility..more people need to think long..i think this week willbe quite telling..

euro has fallen and this b7tch is going up there was a time id have traded a positive correlation between the 2
  • #353,664
  • Nov 20, 2013 5:17am Nov 20, 2013 5:17am
Quoting Baggi
{quote} Brilliant. I'm going to attempt this with my wife the next time I insult her. I think the escape route here relies on the word "just". If we throw that in, it excuses everything. "Honey, that dress makes you look fat. Not attacking you, just pointing out the quality of your fashion style." I'm sure she will smile and laugh. Or maybe I'll attempt it with my boss that next time he annoys me. "All of your recommendations are worthless...not attacking you, just pointing out the quality of your work." Absolutely brilliant. I'd have thought of...
I wouldn't worry m8, Davit doesn't listen to anyone who has a valid opinion (that opposes his) and if you get close to making a half decent point he adds you to the ignore list to save face.
I've noticed that when a decent debate breaks out on this thread people start brandishing the ignore list but those same people are happy to let all the inanne bullshit pass through.
It's a shame, Davit has a lot of decent stuff to say, but runs away or insults people when the going gets tough.
  • #353,665
  • Nov 20, 2013 5:18am Nov 20, 2013 5:18am
Quoting petetong
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 {image}

what i meant is... if u should trade right in this moment (which i dont) i'd put my 2 cent on the retest of the higher part of the box...

u can trade the daily range on the smaller TFs...
I don't want a job, i want money!
  • #353,666
  • Nov 20, 2013 5:20am Nov 20, 2013 5:20am
Quoting petetong
{quote} I've just read back last 4 pages of thread covering 18hrs or so and I don't see that most have expressed that they are long ? Yeh in trade explorer most are short sure although the proportion short has dropped in last 24hr hours...and yeh most of the more ' prominent ' posters here seem to be ' longer term ' bears (Navin, Bones, Davit etc...) but I think it is a question of time frame - some will say they are long or short but don't assume they are ' long term ' bulls / bears or even hold that view from their analysis even if they are not...
good post m8.
  • #353,667
  • Nov 20, 2013 5:24am Nov 20, 2013 5:24am
Quoting nAVIN2007
{quote} thats a possibility..more people need to think long..i think this week willbe quite telling.. euro has fallen and this b7tch is going up there was a time id have traded a positive correlation between the 2

dude euro is not really falling in this moment... its slowly going up 1 pip by time... my bias is still short, but ill shot my guns once i have some confirmation. Already tried to anticipate a little bit the signal but had to close the short with a bunch of pips

http://www.forexfactory.com/attachme...6&d=1384939557
I don't want a job, i want money!
  • #353,668
  • Nov 20, 2013 5:31am Nov 20, 2013 5:31am
Quoting petetong
{quote} I've just read back last 4 pages of thread covering 18hrs or so and I don't see that most have expressed that they are long ? Yeh in trade explorer most are short sure although the proportion short has dropped in last 24hr hours...and yeh most of the more ' prominent ' posters here seem to be ' longer term ' bears (Navin, Bones, Davit etc...) but I think it is a question of time frame - some will say they are long or short but don't assume they are ' long term ' bulls / bears or even hold that view from their analysis even if they are not...
Can't argue with you scientific argument so my opinion stays subjective

What I'm saying is that many posters here are just telling that they longed or shorted but actually didn't do that. At least those people you named, have posted they trades and I believe them.
  • #353,669
  • Nov 20, 2013 5:37am Nov 20, 2013 5:37am
Quoting dario1002
{quote} dude euro is not really falling in this moment... its slowly going up 1 pip by time... my bias is still short, but ill shot my guns once i have some confirmation. Already tried to anticipate a little bit the signal but had to close the short with a bunch of pips http://www.forexfactory.com/attachme...6&d=1384939557

yes i hear but 1.5 to 1.3 something euro cable the mofo is quite high a bit to high for my liking
  • #353,670
  • Nov 20, 2013 5:43am Nov 20, 2013 5:43am
We never actually know whether posters here have actually traded their views or even the trades they say they have placed. I think the general guidance here and in any other open forum is probably:

1. The most prominent / frequent posters don't always offer the best analysis, and vice versa
2. Those positing views (bullish or bearish) may not express whether it is a short, medium or long term view and what they mean by those terms anyway...(ie someone's short term is someone else's long term )
3. Those posting views, analysis or trades may not actually be acting on those views, analyses or trades in an actual trading a/c
4 Very often those that get married to a position despite the available evidence, and when it is not going in their favour seem to become more vociferous in trying to persuade others that their analysis/viewpoint is right.

In the end we all form our own opinion of which posters talk any sense or not over time spent here.

Best Wishes.

Quoting 1pipperhour
{quote} Can't argue with you scientific argument so my opinion stays subjective What I'm saying is that many posters here are just telling that they longed or shorted but actually didn't do that. At least those people you named, have posted they trades and I believe them.
it's all gone a bit........
  • #353,671
  • Nov 20, 2013 5:55am Nov 20, 2013 5:55am
rotating monitor helps to support bias....
The Market pays you to be disciplined
  • #353,672
  • Nov 20, 2013 5:57am Nov 20, 2013 5:57am
Quoting petetong
We never actually know whether posters here have actually traded their views or even the trades they say they have placed. I think the general guidance here and in any other open forum is probably: 1. The most prominent / frequent posters don't always offer the best analysis, and vice versa 2. Those positing views (bullish or bearish) may not express whether it is a short, medium or long term view and what they mean by those terms anyway...(ie someone's short term is someone else's long term ) 3. Those posting views, analysis or trades may not actually...

i totally agree, most of the people here don't have a clue about what they are talking abt.. and even if u do try and share the knowledge they refuse to accept it...

few posts back i took the pain to explain why dollar/sterling/euro ccy indices don't make sense and why its stupid to look at them.. people still keep doing that..

by doing things without knowing the underlying meaning will/moght result in money purely due to luck and will even out over a long period.. net net u will end up making no money and spending a lot of time and effort..
  • #353,673
  • Nov 20, 2013 6:02am Nov 20, 2013 6:02am
Quoting akki300986
... few posts back i took the pain to explain why dollar/sterling/euro ccy indices don't make sense and why its stupid to look at them.. people still keep doing that.. by doing things...

Once again please where is that post?
The Market pays you to be disciplined
  • #353,674
  • Nov 20, 2013 6:05am Nov 20, 2013 6:05am
Hello Guys,

Are we heading to 1.62 again ?
  • #353,675
  • Nov 20, 2013 6:09am Nov 20, 2013 6:09am
Quoting akki300986
{quote} i totally agree, most of the people here don't have a clue about what they are talking abt.. and even if u do try and share the knowledge they refuse to accept it... few posts back i took the pain to explain why dollar/sterling/euro ccy indices don't make sense and why its stupid to look at them.. people still keep doing that.. by doing things without knowing the underlying meaning will/moght result in money purely due to luck and will even out over a long period.. net net u will end up making no money and spending a lot of time and effort.....

what is yur trading experience?
  • #353,676
  • Nov 20, 2013 6:09am Nov 20, 2013 6:09am
Quoting WilliamDa
Hello Guys, Are we heading to 1.62 again ?

hopefully by today GU will reach 1.6250 or could be above this...
  • #353,677
  • Nov 20, 2013 6:20am Nov 20, 2013 6:20am
Quoting mima
{quote} Once again please where is that post?
pls read my posts from here and do send me a private message in case you need to ask anything

http://www.forexfactory.com/showthre...378&page=17633
  • #353,678
  • Nov 20, 2013 6:32am Nov 20, 2013 6:32am
Quoting nAVIN2007
{quote} what is yur trading experience?
a year now! but that is not the point. the point is i am open to learning as i progress.. if someone says something interesting i pick it up..jeremy gave me the idea of looking at xx ccy basis to judge euro demand and i immediately acknowledged it and posted the chart too for everyone's benefit..

support and resistance only means that there was selling/buying interest at that point. people found value in selling at that point hence it became resistance and found value in buying at that point hence it became support.. but that was in the past when underlying factors were different and future outlook was different , its unfair to say people will find values at those points now!!!

in a very basic case it is stupid to say S&P is at some level , lets say 1600, which is 5 year high hence resistance... a dollar 5 year ago is not worth a dollar now! S&P is was 1600 dollars 5 year ago when inflation was 10% and its is 1600 now when inflation is 20% doesn't make it the same!!!

how fair is it to sayits bullshit this gbp/usd etc etc, without reading the BoE minutes??
  • #353,679
  • Nov 20, 2013 6:34am Nov 20, 2013 6:34am
Quoting 45Condor
{quote} 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. {image} {image} {image} {image} {image} {image}
i join you and adding my chart. 6300 seems as heavy wall to beat. after that there is 6380. maybe as you said it can touch 6400 and we have new HH top. additionally i think price can retest 5750 as support in long term conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.11.20_14h18m03s_002_.jpg Size: 253 KB
  • #353,680
  • Nov 20, 2013 6:35am Nov 20, 2013 6:35am
Quoting nAVIN2007
{quote} yes i hear but 1.5 to 1.3 something euro cable the mofo is quite high a bit to high for my liking

Well... if u talk about funnymentals... i agree with you. But if u think that FED keeps the QE, it obviously push the dollar down. Talking about funnymentals, last week there was a cut in rates in Europe, and have a look where are we now... at same level as before the cut.
I don't want a job, i want money!
354 traders viewing now