Cable Update (GBPUSD) | Page 17944 | 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)

  • #358,861
  • Jan 16, 2014 5:18am Jan 16, 2014 5:18am
Quoting IveGotQuads
With massive Orders around 1.6350 1.6375 1.6425 for sellers and buyers at 1.6310 1.6300 the TP projection would have to be adjusted to 40 pips (1.6360) rather than 57pips+ at 1.6372. In addition is a disclaimer as well.
Only buyers below 6350, absorbing all they can....
Hear the music before the song is over ...
  • #358,862
  • Jan 16, 2014 5:20am Jan 16, 2014 5:20am
Quoting FxMaximus
{quote} CHAIN AND ALL...... I might add.

I'm with you FX
  • #358,863
  • Jan 16, 2014 5:22am Jan 16, 2014 5:22am
Closed out the trade @ 1.6356 for 36 pips due to too many risks developing. yeah a dislcaimer because I got the order numbers from forexlive.com I dont want anybody holding me responsible for that hehehehe
  • #358,864
  • Jan 16, 2014 5:29am Jan 16, 2014 5:29am
Quoting Ken A
{quote} The reverse of your scenario might happen though to clean out stops both direction
So shall it be
Hear the music before the song is over ...
  • #358,865
  • Jan 16, 2014 5:34am Jan 16, 2014 5:34am
Quoting IveGotQuads
Closed out the trade @ 1.6356 for 36 pips due to too many risks developing. yeah a dislcaimer because I got the order numbers from forexlive.com I dont want anybody holding me responsible for that hehehehe
lol stopped again2-1 could be time to look short , making ll now one min
  • #358,866
  • Jan 16, 2014 5:37am Jan 16, 2014 5:37am
There is a nice bearish candle buidling up on the hrly charts with a nice tail ..but the TP target is around the 1.6306 zone not to mention the psychological round number of 1.6300. The risk reward isnt that great as well , hmm what do shorts do now ?
  • #358,867
  • Jan 16, 2014 5:44am Jan 16, 2014 5:44am
Quoting GlobalMacro
{quote} So shall it be
Yep, still waiting for 1.630
  • #358,868
  • Jan 16, 2014 6:05am Jan 16, 2014 6:05am
Quoting Ken A
{quote} Yep, still waiting for 1.630
we wont probably get that signal till maybe 11 30 am EST ....cable always form a flat bottom triangle around then. perhaps it will break to the downside, but by then the ADR would have been exausted and not enough momentum. you might be waiting a pretty long time for your 1.6300 break. probably till next week
  • #358,869
  • Jan 16, 2014 6:12am Jan 16, 2014 6:12am
Quoting Ken A
{quote} Yep, still waiting for 1.630
Sir K,

What is the plan on CAD? I shorted a little higher up. I think we will revisit 1.0919 / 1.0871 and 1.0819 over coming weeks.

What ya think?

Regards
  • #358,870
  • Jan 16, 2014 6:29am Jan 16, 2014 6:29am
Quoting TauTrader
{quote} Sir K, What is the plan on CAD? I shorted a little higher up. What ya think? Regards
Uncle Tau,

No new position for U/CAD other than 1.0275

I think it will keep going up and my next target for EUR/CAD is 1.500

I stay away from short probably Friday might try expecting some profit takings

Probably some stops here "I think we will revisit 1.0919 / 1.0871 and 1.0819 over coming weeks".
  • #358,871
  • Jan 16, 2014 6:40am Jan 16, 2014 6:40am
Quoting IveGotQuads
{quote} we wont probably get that signal till maybe 11 30 am EST ....cable always form a flat bottom triangle around then. perhaps it will break to the downside, but by then the ADR would have been exausted and not enough momentum. you might be waiting a pretty long time for your 1.6300 break. probably till next week
No rush and not going to chase it
  • #358,872
  • Jan 16, 2014 6:44am Jan 16, 2014 6:44am
Quoting chazzle
{quote} long the rt - sl 320
tg 365 ... laters
  • #358,873
  • Jan 16, 2014 6:49am Jan 16, 2014 6:49am
moved my stops to 6350 to protect profits and letting it loose
unemployment numbers could be green and sent this baby flying down in style unless I get stopped out which is very likely
In trading, you have to be defensive and aggressive at the same time
  • #358,874
  • Jan 16, 2014 6:57am Jan 16, 2014 6:57am
Quoting Davit
moved my stops to 6350 to protect profits and letting it loose unemployment numbers could be green and sent this baby flying down in style
I was just thinking about that ...we may see 1.6300 thanks to the news giving this an extra push. For a minute I was hoping for a move up
  • #358,875
  • Jan 16, 2014 7:01am Jan 16, 2014 7:01am
Quoting Ken A
{quote} Yep, still waiting for 1.630
Ken A seems like your analysis maybe more spot on. Do you mind sharing your playbook ?
  • #358,876
  • Jan 16, 2014 7:01am Jan 16, 2014 7:01am
Quoting IveGotQuads
{quote} I was just thinking about that ...we may see 1.6300 thanks to the news giving this an extra push. For a minute I was hoping for a move up

Very likely 63 my TP is 6280 but I hope I don't get stopped out.I can't allow profits to shrink in dramatic way even turn into losers.Risk is getting stopped out in profit.Not a bad scenario to be in
Regards
In trading, you have to be defensive and aggressive at the same time
  • #358,877
  • Jan 16, 2014 7:05am Jan 16, 2014 7:05am
Quoting Ken A
{quote} The reverse of your scenario might happen though to clean out stops both direction

Hi Ken, thanks for your reply. To make it more simple to me, if USD CPI will be good,

GBPUSD shall shoot down
USDJPY shall shoot up
GBPJPY shall shoot where?

ale M formation on H1 of GBPJPY forming so possible another move lover to 170.50 and then heading north again? If USD will be strony JPY cheap this should also move GBPJPY higher, but still dont have a clue how GBPUSD will impact GBPJPY when CPI data is good. Im really confused and dont have a clue what to do with GPYJPY
  • #358,878
  • Jan 16, 2014 7:09am Jan 16, 2014 7:09am
If you don't have sufficient years of experience one should not trade yen pairs at all.The unexpected volatility specially with GJ EJ could be dramatic in short time (unless you were lucky to be on the right side).
I don't trade Yen at all.
In trading, you have to be defensive and aggressive at the same time
  • #358,879
  • Jan 16, 2014 7:13am Jan 16, 2014 7:13am
Without a doubt it is going to go.....................................east.
  • #358,880
  • Jan 16, 2014 7:18am Jan 16, 2014 7:18am
Quoting Davit
If you don't have sufficient years of experience one should not trade yen pairs at all.The unexpected volatility specially with GJ EJ could be dramatic in short time (unless you were lucky to be on the right side). I don't trade Yen at all.
I totally agree and i should not have touched this pair at all - its fully my lack of responsibility and now i suffer from locked position. If i dont figure out what to do until Monday, i will close both side and take the loss
276 traders viewing now, 1 is registered:
Waveskierrob