Cable Update (GBPUSD) | Page 18195 | 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)

  • #363,881
  • Feb 16, 2014 5:15pm Feb 16, 2014 5:15pm
this week as well as next week have lots of fundamental stats announcement on UK which will affect GBPUSD.
considering the number of critical announcements made by US it outweighs by quite a bit.

although RSI and MACD reads that it will fall, it won't last long.
technical indicators are mixed - taking info from dailyfx -
it is showing very unusual signs of market movements even with the technical indicators showing it should have reversed by now for a correction.

fundamental releases this week should be inline with consensus, even if there is a dip it should be a buying time as all fundamental indications are pointing strength to GBP.
USD will need to wait until next NFP release and wait for cool weather to go before any signs of dollar strength to come back showing.
  • #363,882
  • Feb 16, 2014 5:16pm Feb 16, 2014 5:16pm
Quoting eurusd_trade
You guys are getting excited over a 10pip bounce from pre-Welly highs. The risk/reward to selling here is not good enough for me, although the gap could just fill too. If we fail to fill the gap and go above 1.68xx then that's a sell for me, but it could be more boring than that and just fill. But while not impossible, I have no conviction we're going to pull down 50 pips from here. *sidelined*
Looking at R:R, would you buy here?

I believe we've topped for some time here
  • #363,883
  • Feb 16, 2014 5:19pm Feb 16, 2014 5:19pm
Quoting Hickson
{quote} Closing the gap while the trend is still bullish.
Closed
  • #363,884
  • Feb 16, 2014 5:21pm Feb 16, 2014 5:21pm
I closed everything with minus $ 60 - I work for $ 1 to week - even in India make more money
  • #363,885
  • Feb 16, 2014 5:28pm Feb 16, 2014 5:28pm
Quoting Paulenok
{quote} Looking at R:R, would you buy here? I believe we've topped for some time here
No, at least not while it's dead. But I'd still rather buy than sell. GJ at resistance, AU at resistance. If these break, so will GU, most likely. This is the third time testing GJ resistance at 17050. It's way too risky to sell.
  • #363,886
  • Feb 16, 2014 5:33pm Feb 16, 2014 5:33pm
The next time I sell the gbpusd is 2.10 - 99% chance of winning


Now I'm going back only to eurusd - all the news that Change there is 100 pips - I go into the other way at 1-5 lots 99% success
  • #363,887
  • Feb 16, 2014 5:34pm Feb 16, 2014 5:34pm
Quoting GDR3k
{quote} I'm looking at 8483 to get in short on gbpcad, where are your stops for both positions?
For GBP/USD take-profits is at 1.6652 and for GBP/CAP take-profits at 1.8248 :
Attached Images
  • #363,888
  • Feb 16, 2014 5:39pm Feb 16, 2014 5:39pm
just realized that tomorrow we will have a US bank Holiday. I dont know about you, but those days are realy difficult to trade and often lack volatility. I will keep my hope to reach target for Tuesday or Wednesday
  • #363,889
  • Feb 16, 2014 5:44pm Feb 16, 2014 5:44pm
looking for the corrective movement around 1.62xx before attack the resistance. I will hold my bloody short position under any circumstance
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 113 KB
  • #363,890
  • Feb 16, 2014 5:45pm Feb 16, 2014 5:45pm
Quoting palabara
I think the way this will end is.. If it goes down.. Which I'm biased for it to do so obviously. Everyone who said, its going to go up, said oh well it was quite overbought and extended and everything else around the sun. Everyone who sold, including myself, are going to be like see we said it was going to go down.. Now if the opposite happens. Then will say that it extended, but now it will really go down.. Cause now its like super over extended. Either way.. someone will be right someone else will be wrong. The lines will be blurred either way....
Its quite funny that way we will also get the, " +50 on this just closed for BE" blah blah. Where is Chicky is this ?!
All posts are my personal opinion
  • #363,891
  • Feb 16, 2014 5:48pm Feb 16, 2014 5:48pm
Quoting Capelli
{quote} For GBP/USD take-profits is at 1.6652 and for GBP/CAP take-profits at 1.8248 : {image} {image}
Good luck if my orders are hit I'm aiming for 1.6650 on gbpusd and 1.83 on gbpcad

Also looking at 1.4990 on gbpchf to get in short
  • #363,892
  • Feb 16, 2014 7:23pm Feb 16, 2014 7:23pm
Quoting GDR3k
{quote} Good luck if my orders are hit I'm aiming for 1.6650 on gbpusd and 1.83 on gbpcad Also looking at 1.4990 on gbpchf to get in short
smart trader
  • #363,893
  • Feb 16, 2014 7:26pm Feb 16, 2014 7:26pm
Quoting Capelli
I just went short on both GBP/USD and GBP/CAD.
What's your stop loss?
  • #363,894
  • Feb 16, 2014 7:26pm Feb 16, 2014 7:26pm
I think too many traders are seeing that this will go short soon, which means it'll keep going up for the foreseable future.

Hard to believe it can have the strength to just keep going straight up like this, but if everyone is already short, there isn't anyone to push this down. We could be seeing 2008 in reverse right now.
  • #363,895
  • Feb 16, 2014 7:31pm Feb 16, 2014 7:31pm
this is just a teenie bit overbought isn't it?
  • #363,896
  • Feb 16, 2014 7:31pm Feb 16, 2014 7:31pm
Quoting Baggi
I think too many traders are seeing that this will go short soon, which means it'll keep going up for the foreseable future. Hard to believe it can have the strength to just keep going straight up like this, but if everyone is already short, there isn't anyone to push this down. We could be seeing 2008 in reverse right now.
unlikely back to 2.00. GBP aren't putting rates back to 5% anytime soon.
  • #363,897
  • Feb 16, 2014 7:32pm Feb 16, 2014 7:32pm
1.68 is my next area of resistance where I will scale out more losses if we can pierce that level.
All posts are my personal opinion
  • #363,898
  • Feb 16, 2014 7:34pm Feb 16, 2014 7:34pm
Told you guys not to sell 1.675x
  • #363,899
  • Feb 16, 2014 7:41pm Feb 16, 2014 7:41pm
I'm going to die soon !!!!!!!!!!!!!!!!!!!!!!!!!!!!!@#$%^&*
  • #363,900
  • Feb 16, 2014 7:43pm Feb 16, 2014 7:43pm
Quoting yosi408
I'm going to die soon !!!!!!!!!!!!!!!!!!!!!!!!!!!!!@#$% ("!!!!!!!!!!!!!!!!!!!!!!!!!!!!!@#$%")^&*
You dont seem emotional at all. Whats the matter?
All posts are my personal opinion
401 traders viewing now, 6 are registered:
sanity
,
,
smtchris71
,
BeeTogether
,
Richiiee
,
Molaro