Cable Update (GBPUSD) | Page 18501 | 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)

  • #370,001
  • Apr 2, 2014 6:12am Apr 2, 2014 6:12am
right now it's a battle between this
Quoting tomspin
if 1,6653 hold I would think about 1,6583 as a st target
and 1,6634 going to 1,6691
pick your side.
swing it!
  • #370,002
  • Apr 2, 2014 6:13am Apr 2, 2014 6:13am
Quoting Ill-b-back
{quote} Hi Specs, good brother, just chugging away with a growing family. How's things your end?
got married last year, so got my hands full with stuff.. awesome to see senior members still hang out here..

good luck all..
  • #370,003
  • Apr 2, 2014 6:16am Apr 2, 2014 6:16am
Quoting A-speculator
{quote} got married last year, so got my hands full with stuff.. awesome to see senior members still hang out here.. good luck all..
Congratulations, well done

Let the games begin
Come with me if you want to live....
  • #370,004
  • Apr 2, 2014 6:26am Apr 2, 2014 6:26am
Quoting elbert3
{image} could be in that up trend just taken a long again sl below the tl,
could be going to Mr Scotts entry 1.6667
Attached Image (click to enlarge)
Click to Enlarge Name: 1a.png Size: 105 KB
  • #370,005
  • Apr 2, 2014 6:30am Apr 2, 2014 6:30am
Quoting Mr.C
{quote} Good day traders. Still holding my pending GU sell @ 1,6666. Looking at the PA it seems like I missed the train by 5 pips. If anyone has an active sell position, I think we're heading to ~1,6611. Good luck today! {image}
Cancelled yesterday's pending GU call, entered manually with a sell @ 1,6646. Initial SL @ 1,6676.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #370,006
  • Apr 2, 2014 6:40am Apr 2, 2014 6:40am
Long time didn't visit this forum to post. Where are those pro here?
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #370,007
  • Apr 2, 2014 6:41am Apr 2, 2014 6:41am
Not really sure why I closed our my 6528 longs, maybe because of the breakout retest.
But now not so sure
May fly north a bit off support first.
1hr is looking a little hungry...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly1.png Size: 35 KB
Click to Enlarge Name: gbpusddaily.png Size: 34 KB
Click to Enlarge Name: gbpusdh4.png Size: 33 KB
Click to Enlarge Name: gbpusdh1.png Size: 31 KB
Come with me if you want to live....
  • #370,008
  • Apr 2, 2014 6:41am Apr 2, 2014 6:41am
Quoting Ill-b-back
{quote} Congratulations, well done Let the games begin
lol. thanks mate.
  • #370,009
  • Apr 2, 2014 6:43am Apr 2, 2014 6:43am
Quoting Ill-b-back
Not really sure why I closed our my 6528 longs, maybe because of the breakout retest. But now not so sure May fly north a bit off support first. 1hr is looking a little hungry... {image} {image} {image} {image}
patience mate, let fiber play the down move first.. and swissy the uptrend move of course..
  • #370,010
  • Apr 2, 2014 6:49am Apr 2, 2014 6:49am
Quoting godim
{quote}... All right. A few words about the opening on Monday and the first 4 hours. Importantly level is, of course, 6635. Above this level there is support from the blue line. It is then possible, by rule all angles, to attack the next higher blue line. We are interested only of 6666.
Hello. I've been gone a few days.
I see that it is breached of the criterion for ending the trend. Normal movement is to the lower blue line. Level is 6581.
It is possible to rise. Then the price should have the support of the yellow line at the level of 6667.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 62 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,011
  • Apr 2, 2014 7:16am Apr 2, 2014 7:16am
there you go.. fiber has moved.. pick the best short price on cable guys..

see u all later..
  • #370,012
  • Apr 2, 2014 7:20am Apr 2, 2014 7:20am
Quoting A-speculator
there you go.. fiber has moved.. pick the best short price on cable guys.. see u all later..
i know you think you off to a good trade then it comes back, sl and tps are up and down like a h,,,,,,, k,,,,ers, fill in the gaps .lol
  • #370,013
  • Apr 2, 2014 7:23am Apr 2, 2014 7:23am
This pair is heavily shorted by all retailers.. this is not so good..
  • #370,014
  • Apr 2, 2014 7:26am Apr 2, 2014 7:26am
Quoting elbert3
{quote} i know you think you off to a good trade then it comes back, sl and tps are up and down like a h,,,,,,, k,,,,ers, fill in the gaps .lol
Price says it all mate.. judging by EG, that is why i'm saying fiber will go first.. thus i'm more concentrate on fiber and swissy.. i think might get good entry price on cable later.. definitely not by current 1h or 4h entry price.. might enough technical support to be able to enter cable in 1 or 2 next 4h candles..

good day mate..
  • #370,015
  • Apr 2, 2014 8:00am Apr 2, 2014 8:00am
Quoting A-speculator
{quote} Price says it all mate.. judging by EG, that is why i'm saying fiber will go first.. thus i'm more concentrate on fiber and swissy.. i think might get good entry price on cable later.. definitely not by current 1h or 4h entry price.. might enough technical support to be able to enter cable in 1 or 2 next 4h candles.. good day mate..
fiber and cable not correlated, fiber can be down big this week, GU will more than likely stay intact though.
  • #370,016
  • Apr 2, 2014 8:11am Apr 2, 2014 8:11am
Quoting ruffryders
{quote} fiber and cable not correlated, fiber can be down big this week, GU will more than likely stay intact though.
yeah, maybe so.. when time comes (enough tech data) we shall surely see.. only weekly seems doesn't support the downtrend bias.. but daily and monthly seems to agree..

cable already about the daily resistance on the breakout retest from last movement.. let's see how price will reacts on the resistance..

to me, i think it's not far from bearish movement, i just need 4h to confirms it..
  • #370,017
  • Apr 2, 2014 8:18am Apr 2, 2014 8:18am
Quoting A-speculator
{quote} yeah, maybe so.. when time comes (enough tech data) we shall surely see.. only weekly seems doesn't support the downtrend bias.. but daily and monthly seems to agree.. cable already about the daily resistance on the breakout retest from last movement.. let's see how price will reacts on the resistance.. to me, i think it's not far from bearish movement, i just need 4h to confirms it..
Currently my outlook on GU remains bullish, due to a number of reasons (posted previoulsy). Only D1 strong red candle breaking and closing below 6580 invalidates.
6580-6640 indecision area, price will ultimately pick direction.

One of the stronger arguments is GJ rally, and while GJ is trading way above 164, with further upside seen @ 174-175 can't see how GU is going down.
  • #370,018
  • Apr 2, 2014 8:22am Apr 2, 2014 8:22am
Quoting ruffryders
{quote} Currently my outlook on GU remains bullish, due to a number of reasons (posted previoulsy). Only D1 strong red candle breaking and closing below 6580 invalidates. 6580-6640 indecision area, price will ultimately pick direction. One of the stronger arguments in GJ rally, and while GJ is trading way above 164, with further upside seen @ 174-175 can't see how GU is going down.
Gj is different beast mate, you have to take into account on UJ movement and not only GU.. seems to me on GJ, UJ is the primary driving force/direction of the trend..
  • #370,019
  • Apr 2, 2014 8:26am Apr 2, 2014 8:26am
Quoting A-speculator
{quote} Gj is different beast mate, you have to take into account on UJ movement and not only GU.. seems to me on GJ, UJ is the primary driving force/direction of the trend..
what i mean by different beast is GJ is a synthetic pair, meaning more complicated and very much differs to trade than to trade majors..
  • #370,020
  • Apr 2, 2014 8:30am Apr 2, 2014 8:30am
Quoting A-speculator
{quote} Gj is different beast mate, you have to take into account on UJ movement and not only GU.. seems to me on GJ, UJ is the primary driving force/direction of the trend..
90% agree on GJ, no direct strong correlation. Still GJ in an uptrend does provide support to the prices.

Gold also entered nice demand zone, should be a positive sign too (72% corr GU last 3 months).
1,493 traders viewing now, 1 is registered:
Meer-Shayhak