Cable Update (GBPUSD) | Page 17854 | 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)

  • #357,061
  • Jan 1, 2014 6:15pm Jan 1, 2014 6:15pm
Quoting Citiboy
Considering building some long term shorts into 1.67. Wondering if the mix of rising UK rates and ending the funding for lending will put a slowdown into the UK property market.
I've been thinking about this trading idea for sometime now... It seems to me that it'll still be difficult even if you pick your spots carefully...

full range between 1.66 - 1.71 is too wide to really commit to holding... so perhaps any winners shorting will be very short term. Execution and patience will be key.

I might seriously consider avoiding this mess all together until it shows something more clear... Or trade with lesser size.

There are probably better quality pairs to trade anyways.

Reach the low hanging fruit
  • #357,062
  • Jan 1, 2014 6:22pm Jan 1, 2014 6:22pm
Quoting 4newbie
Hello eveerybody! What do u think? Potentional ENTERY: 1.6558 SL: 1.6582 ( 24 pips) TP1: 1.6517 ( 41 pips ) TP2: 1.6494 ( 64 pips ) REASON: 1. strong level 1.6578 ( three bounce from there ) 2. MACD divergence 3. on 30 min chart bearish engulfing {image}

Did you get stopped out already?
  • #357,063
  • Jan 1, 2014 6:22pm Jan 1, 2014 6:22pm
I'm watching 6820-30 area for PA reasons to take a short term short this week.
Come with me if you want to live....
  • #357,064
  • Jan 1, 2014 6:57pm Jan 1, 2014 6:57pm
Quoting Ill-b-back
I'm watching 6820-30 area for PA reasons to take a short term short this week.
Wow, you're optimistic. 1.6820? Seriously?
  • #357,065
  • Jan 1, 2014 7:08pm Jan 1, 2014 7:08pm
only god knows why this pair keep rising and threats to rise more,
USA QE is $85 Billion/m vs UK $65 Billion/m throught their lending program,
the huge differential of USA economy vs UK economy says UK is printing money at a faster pace throught their lending program, there are many videos on Bloomberg talking about this,

and GBP keep defying gravity, wow.
  • #357,066
  • Jan 1, 2014 7:13pm Jan 1, 2014 7:13pm
I remember when I said I was long from beginning September like two months back I was called an idiot. Lol pays to be an idiot I guess!
All posts are my personal opinion
  • #357,067
  • Jan 1, 2014 7:19pm Jan 1, 2014 7:19pm
Quoting Baggi
{quote} Wow, you're optimistic. 1.6820? Seriously?
What I find optimistic are the bears fighting this trend.
My actual target is 1.73.
I see 1.68 as a pit stop
Come with me if you want to live....
  • #357,068
  • Jan 1, 2014 7:23pm Jan 1, 2014 7:23pm
Quoting Ill-b-back
{quote} What I find optimistic are the bears fighting this trend. My actual target is 1.73. I see 1.68 as a pit stop
Nice!
All posts are my personal opinion
  • #357,069
  • Jan 1, 2014 7:26pm Jan 1, 2014 7:26pm
Quoting acidguy
only god knows why this pair keep rising and threats to rise more, USA QE is $85 Billion/m vs UK $65 Billion/m throught their lending program, the huge differential of USA economy vs UK economy says UK is printing money at a faster pace throught their lending program, there are many videos on Bloomberg talking about this, and GBP keep defying gravity, wow.
Meanwhile US still printing $75B/month.
UK active QE program is not operational.

Look at the DOW.

This pair has broken out if the descending multi year TL/consolidation pattern.

And people are STILL wondering why we are rising???

Amazing....
Come with me if you want to live....
  • #357,070
  • Jan 1, 2014 7:33pm Jan 1, 2014 7:33pm
Quoting acidguy
only god knows why this pair keep rising and threats to rise more, USA QE is $85 Billion/m vs UK $65 Billion/m throught their lending program, the huge differential of USA economy vs UK economy says UK is printing money at a faster pace throught their lending program, there are many videos on Bloomberg talking about this, and GBP keep defying gravity, wow.

Pound has to fight two currencies named the US dollar and Japanese yen
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #357,071
  • Jan 1, 2014 7:46pm Jan 1, 2014 7:46pm
Quoting Ill-b-back
{quote} What I find optimistic are the bears fighting this trend. My actual target is 1.73. I see 1.68 as a pit stop

It's not so much that I don't think we'll get up there. We might. I don't have a clue.

But don't you expect a serious pullback before then? Seems like you're expecting those prices soon.
  • #357,072
  • Jan 1, 2014 8:00pm Jan 1, 2014 8:00pm
http://imageshack.us/a/img855/9813/iag7.jpg

http://imageshack.us/a/img829/8042/uysx.jpg
WHY???
  • #357,073
  • Jan 1, 2014 8:33pm Jan 1, 2014 8:33pm
Quoting Jason W
{image} {image} WHY???

Depends on who you ask. Some would say, it's to sucker a bunch of us in. Get the shorts to quit being short, sucker in more longs, and then sell the heck out of this thing.

Others say it's because of technicals. While England is printing less money (Less money means more value per pound) the US is still printing 75 billion dollars a month.
  • #357,074
  • Jan 1, 2014 9:15pm Jan 1, 2014 9:15pm
Who knows what's going on behind the scenes, but looking at that chart, which is in a very clear uptrend, it boggles my mind why anyone would want to go short.

Same goes for the dollar/yen, and the euro to a slightly lesser extent.

The only major I would be currently short on is the swissie.
  • #357,075
  • Jan 1, 2014 9:18pm Jan 1, 2014 9:18pm
Quoting Jason W
Who knows what's going on behind the scenes, but looking at that chart, which is in very clear uptrend, it boggles my mind why anyone would want to go short. Same goes for the dollar/yen, and the euro to a slightly lesser extent. The only major I would be short on is the swissie.
There are reasons to go short. Right now, I have a very nice profit. It has to retrace quite a lot for it to put me in negative numbers.

Now, I could just sell and take my profit.

Or, I could hedge by going short an equal number of trades and lock in my profit.

I prefer the second option of going short. Why? It's a mental thing. If I keep my longs, I'm still in the game. If I buy shorts and we have a correction, this gives my longs the opportunity to make a lot more money once I sell the shorts.

The worst case scenario? It shoots up and goes further long and then I've got to sell both my long and my short at the same time in order to make sure I don't book a loss.
  • #357,076
  • Jan 1, 2014 9:25pm Jan 1, 2014 9:25pm
Quote
There are reasons to go short. Right now, I have a very nice profit

Not sure how you can have a nice profit shorting the pound when it's currently at it's highs...
  • #357,077
  • Jan 1, 2014 9:27pm Jan 1, 2014 9:27pm
Why .. GBP N EURO pairs ain't moving in my MT4 ..
  • #357,078
  • Jan 1, 2014 9:31pm Jan 1, 2014 9:31pm
61.8 fib done at 1.6592 ....buy stops triggered ...need to suck all bulls ..before any rise ...get down all the way ..you fckng monster
  • #357,079
  • Jan 1, 2014 9:35pm Jan 1, 2014 9:35pm
Quoting Jason W
{quote} Not sure how you can have a nice profit shorting the pound when it's currently at it's highs...

I don't have a profit shorting the pound. I have a profit going long.

When I add a short to my long position, it locks in my profits from my long. If we see a correction, my short protects that profit.
  • #357,080
  • Jan 1, 2014 9:36pm Jan 1, 2014 9:36pm
Quoting Davit
{quote} Happy New year to you as well I like your signature. Brigewater biggest Hedge fund founder Ray Dalio principles. Recognize that mistakes are good if they result in learning. Create a culture in which it is okay to fail but unacceptable not to identify, analyze, and learn from mistakes. We must bring mistakes into the open and analyze them objectively, so managers need to foster a culture that makes this normal and penalizes suppressing or covering up mistakes—highlighting them, diagnosing them, thinking about what should be done differently...
excellent quote davit thank u for sharing
610 traders viewing now