Cable Update (GBPUSD) | Page 18520 | 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)

  • #370,381
  • Apr 3, 2014 2:33pm Apr 3, 2014 2:33pm
Quoting tomspin
{quote} The only thing bad about macro in UK is Current account(important) Retail (important) Rest Macro main data has seen steady growth during last year, I have no idea why anybody would be bearish but again that's ok, opinion are different. There is nothing imminent about UK economy that should be bearish against the dollar especially that Fed cut decision on QE has no reflection in coming data, they still blame weather for fakaps. Congrats on shorts, I am after bigger fish and steady flow or will miss 200 pips that could've been banked. {image}...
We could both win
Drive N to 67 you take your profit then I unload my shorts
I honestly want some bull action to take fresh shorts
Regards
In trading, you have to be defensive and aggressive at the same time
  • #370,382
  • Apr 3, 2014 2:56pm Apr 3, 2014 2:56pm
update gu action plan for this friday. http://www.forexfactory.com/showthre...87#post7382387
  • #370,383
  • Apr 3, 2014 2:58pm Apr 3, 2014 2:58pm
significant options expiration levels for Friday on GU (OTC non-inst).
Attached Image
  • #370,384
  • Edited 3:20pm Apr 3, 2014 3:00pm | Edited 3:20pm
Quoting Davit
This is not directed to anyone specific but it baffles me how some will keep buying the Pound when Carney stated no IR hike until mid 2015 To me this is a new downtrend.Why fight it...I posted this simple image and it is still valid regards {image} {image}

For anyone interested in patterns and explanations, may I direct you to what I believe to be one of the best threads (and traders) for explanations upon this method of trading.


The LastCoke at http://www.forexfactory.com/showthread.php?t=222441


Edit: I should add, the thread has not been active for some time, it is not mine, but the information that used to be given out freely before TLC went commercial, is still amongst the best available for pattern traders. And all in the first post.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #370,385
  • Apr 3, 2014 3:20pm Apr 3, 2014 3:20pm
Quoting Davit
{quote} We could both win Drive N to 67 you take your profit then I unload my shorts I honestly want some bull action to take fresh shorts Regards
I was expecting different aproach from the fundie, long term guy. If these numbers are irrelevant what is?
Since I am bull both technically and fundamentally I wish to hear a good fundie reason. Just because something is parabolique doesn't mean we must sell it, learn that hard way trading SP500.
We made a lower high after last quarter 61.8 and if we won't attack that low tommorow I have no idea how this could be a bearish sign.
1,6573 just opened a target 1,6809 and new high,
1,6625 could be a good news for bears,
swing it!
  • #370,386
  • Apr 3, 2014 3:32pm Apr 3, 2014 3:32pm
Quoting 45Condor
{quote} For anyone interested in patterns and explanations, may I direct you to what I believe to be one of the best threads (and traders) for explanations upon this method of trading. The LastCoke at http://www.forexfactory.com/showthread.php?t=222441 Edit: I should add, the thread has not been active for some time, it is not mine, but the information that used to be given out freely before TLC went commercial, is still amongst the best available for pattern traders. And all in the first post.
Condor
Thanks for thread suggestion.I subscribed
In trading, you have to be defensive and aggressive at the same time
  • #370,387
  • Apr 3, 2014 3:34pm Apr 3, 2014 3:34pm
Quoting ruffryders
significant options expiration levels for Friday on GU (OTC non-inst). {image}
Where did you got these levels from ruffryders?
  • #370,388
  • Apr 3, 2014 3:38pm Apr 3, 2014 3:38pm
Quoting Robertk
{quote} Where did you got these levels from ruffryders?
this is fx options analytics, significant pin risk, provided on my platform.
  • #370,389
  • Apr 3, 2014 3:38pm Apr 3, 2014 3:38pm
Quoting Davit
{quote} Condor Thanks for thread suggestion.I subscribed
Hi Davit,

More than welcome. As for subscribing to TLC's thread, it hasn't been active for some time. However, all relevant infomation is on the first post.

And whilst I'm at it, what happens when someone subscribes? Do you get an update each time something is added? This is the main reason I haven't subscribed to anything... not enough time in the day, I fear.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #370,390
  • Apr 3, 2014 3:40pm Apr 3, 2014 3:40pm
Quoting tomspin
{quote} I was expecting different aproach from the fundie, long term guy. If these numbers are irrelevant what is? Since I am bull both technically and fundamentally I wish to hear a good fundie reason. Just because something is parabolique doesn't mean we must sell it, learn that hard way trading SP500. We made a lower high after last quarter 61.8 and if we won't attack that low tommorow I have no idea how this could be a bearish sign. 1,6573 just opened a target 1,6809 and new high, 1,6625 could be a good news for bears,
HDA is also long term bull.
I remain a Bear.Everyone has their approach in the end our profits speak for themselves.
I recently read Hedge Fund Wizards and there is a trader Jimmy Balodimas who makes more money selling in uptrend then his fellow traders buying.
I thought great deal about this and based on Harmonics and price movement patterns one can make money fading trends.Its risky but doable.
I worked a methodology that works for me.Never enter the market all at once but gradually.You are not wrong and I am not right in the end results speak for themselves.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #370,391
  • Apr 3, 2014 3:44pm Apr 3, 2014 3:44pm
Quoting Davit
{quote} HDA is also long term bull. I remain a Bear.Everyone has their approach in the end our profits speak for themselves. I recently read Hedge Fund Wizards and there is a trader Jimmy Balodimas who makes more money selling in uptrend then his fellow traders buying. I thought great deal about this and based on Harmonics and price movement patterns one can make money fading trends.Its risky but doable. I worked a methodology that works for me.Never enter the market all at once but gradually.You are not wrong and I am not right in the end results...
interesting thoughts! on the subject of harmonics, while wolfe wave is not exactly carneys pattern, still it's a strong one. here's the EU D1 WW with confirmed 5 targets in range of 3300-3400. Let's see what that delivers. http://www.forexfactory.com/attachme...3&d=1395147899
  • #370,392
  • Apr 3, 2014 3:46pm Apr 3, 2014 3:46pm
Quoting 45Condor
{quote} Hi Davit, More than welcome. As for subscribing to TLC's thread, it hasn't been active for some time. However, all relevant infomation is on the first post. And whilst I'm at it, what happens when someone subscribes? Do you get an update each time something is added? This is the main reason I haven't subscribed to anything... not enough time in the day, I fear.
Yes when anyone posts you get notice about it.I love harmonics and more I understand it more it makes sense.
I hope you are enjoying your time in France.I am little jealous of you doing all that traveling.I love to travel.
Keep your writings coming.
In trading, you have to be defensive and aggressive at the same time
  • #370,393
  • Apr 3, 2014 3:56pm Apr 3, 2014 3:56pm
Quoting ruffryders
{quote} interesting thoughts! on the subject of harmonics, while wolfe wave is not exactly carneys pattern, still it's a strong one. here's the EU D1 WW with confirmed 5 targets in range of 3300-3400. Let's see what that delivers. http://www.forexfactory.com/attachme...3&d=1395147899
I am trying to focus on major patterns mostly Gartley,Bat,Butterfly they are enough to provide plenty of action.
In your pattern price can bounce N from lower TL without breaking it lower.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #370,394
  • Apr 3, 2014 4:01pm Apr 3, 2014 4:01pm
Quoting Davit
{quote} Yes when anyone posts you get notice about it.I love harmonics and more I understand it more it makes sense. I hope you are enjoying your time in France.I am little jealous of you doing all that traveling.I love to travel. Keep your writings coming.
Spring is here, and wonderful it is too. UK for a week this month, and then off back to Asia for a couple of weeks in May. First stop, Bangkok. Room already booked... a nice little suite in the Sheraton Grande Sukhumvit. Hey, you all pay for this through buying my corporation's products, so I'll make sure I enjoy it for you all.

Right, I'm ducking from all the things being thrown at me...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #370,395
  • Apr 3, 2014 4:07pm Apr 3, 2014 4:07pm
Quoting ffleo
{quote} do you have a webcam?
haha actually made me lol. it was a fx live chat. but never mind
  • #370,396
  • Apr 3, 2014 4:15pm Apr 3, 2014 4:15pm
Quoting Beli
{quote} No balls there....
20pips up.
  • #370,397
  • Apr 3, 2014 4:27pm Apr 3, 2014 4:27pm
Quoting ruffryders
this is fx options analytics, significant pin risk, provided on my platform.
Thanks for that information, gl on your trades
  • #370,398
  • Apr 3, 2014 4:28pm Apr 3, 2014 4:28pm
Quoting giveachance
{quote} asshole check where gbp is. It never touched 6560
just back in , i placed the trade then had to pick the wife up to go to board meeting, got ear ache because i was checking the phone.come back 20 pips up balls are sore thou lol 22.20 hrs going to stay till 25 pips then sl on the profit , just waiting for gbnz to go long as the price is back to the emas now , also gold waiting to go long there , sorry you pulled your trade, i have just been going through the posts, i see there are a few more gone long,,and some that disagree , gl,
  • #370,399
  • Apr 3, 2014 4:54pm Apr 3, 2014 4:54pm
Quoting Ill-b-back
Nothing in the Fundies to suggest 1.68, but if we get a close above the immediate descending 4hr TL, that's where the 2nd 220 pip leg might just take us next week (assuming 6580 is the bottom) - not the bottom, And then sell like hell..... {image} {image}
update
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 39 KB
Click to Enlarge Name: gbpusdh4.png Size: 44 KB
Come with me if you want to live....
  • #370,400
  • Apr 3, 2014 5:14pm Apr 3, 2014 5:14pm
Quoting Ill-b-back
{quote} update {image} {image}
In the smaller time frame, 1.6606 and 1.6625 is possible pullback, the latest 4H candle is bullish anyway, i will observe the price action around that level for shorts.
530 traders viewing now