Cable Update (GBPUSD) | Page 18526 | 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)

  • #370,501
  • Apr 4, 2014 6:07am Apr 4, 2014 6:07am
it will be easier if we can get 4h closed below yesterday low before news..

lighten my positions prior to fundamental data anouncement..
  • #370,502
  • Apr 4, 2014 6:07am Apr 4, 2014 6:07am
Good Morning Again Traders

No colouring for me too tired.

Heading back to bed.

As you notice the level 1.6570 is being respected as I explained. Amazing isn't it.

once you begin to understand why the market does what it does, you can trade, almost stress free

Will the level hold, we just have to wait and see. nothing is 100 % in this business.

The spike you just saw was the BIG BOYS positioning themselves and defending the LEVEL

HDA OUT

Zzzzzzzzzz back to bed

I wish you all the best in your trades.
  • #370,503
  • Apr 4, 2014 6:15am Apr 4, 2014 6:15am
Quoting HDA
Good Morning Again Traders No colouring for me too tired. Heading back to bed. As you notice the level 1.6570 is being respected as I explained. Amazing isn't it. once you begin to understand why the market does what it does, you can trade, almost stress free Will the level hold, we just have to wait and see. nothing is 100 % in this business. The spike you just saw was the BIG BOYS positioning themselves and defending the LEVEL HDA OUT Zzzzzzzzzz back to bed I wish you all the best in your trades.
well, i think that's because people closing/lighten their position prior to news (no significant volume on the movement).. every tech trader do that..

what's more important is how the 4h close later or in near term the 1h..
  • #370,504
  • Apr 4, 2014 6:15am Apr 4, 2014 6:15am
Quoting elbert3
suffo your back just in time for the move lol
remember this ??
  • #370,505
  • Apr 4, 2014 6:24am Apr 4, 2014 6:24am
Quoting A-speculator
{quote} well, i think that's because people closing/lighten their position prior to news (no significant volume on the movement).. every tech trader do that.. what's more important is how the 4h close later or in near term the 1h..
A-speculator:

NO HINDSIGHT TRADING

Lay your case on the table so we get a better understanding.

When the 4H or 1H closes what can be expected based on the closes?

It's important you explain things before they happen

HDA OUT
  • #370,506
  • Apr 4, 2014 6:25am Apr 4, 2014 6:25am
Quoting elbert3
{quote} remember this ??
elbert3:

Suffo is allowed to login, but he cannot post.

HDA OUT
  • #370,507
  • Apr 4, 2014 6:34am Apr 4, 2014 6:34am
Quoting HDA
{quote} A-speculator: NO HINDSIGHT TRADING Lay your case on the table so we get a better understanding. When the 4H or 1H closes what can be expected based on the closes? It's important you explain things before they happen HDA OUT
ok, let's based things on 1h.. now, in 1h, price failed to break the high of the range and the uptrust was due to price rejected last low from 1h, normal things to happen as price reached resistance or support.

more importantly is when looked in the daily, we can see distribution happened and price able to close lower than the low of the consolidated candles, here where one can see that bullish stream no longer exist or has been minimized.

in 4h, price more into neutral but seeing from the close of the candles and the wicks, it seems more bearish than bullish but this will be confirmed if price able to close below the last low..

so, as of the summary, i'm thinking more bearish action rather than bullish and not to mention we got good rally on swissy - this does not have direct effect on cable, more effect on fiber but seeing from EG, we can say that the movement for both pairs are in sync.. it's just a matter who go first..
  • #370,508
  • Apr 4, 2014 6:45am Apr 4, 2014 6:45am
Quoting A-speculator
{quote} ok, let's based things on 1h.. now, in 1h, price failed to break the high of the range and the uptrust was due to price rejected last low from 1h, normal things to happen as price reached resistance or support. more importantly is when looked in the daily, we can see distribution happened and price able to close lower than the low of the consolidated candles, here where one can see that bullish stream no longer exist or has been minimized. in 4h, price more into neutral but seeing from the close of the candles and the wicks, it seems more...
@A-speculator:

I applaud you. This is trading. Put your case out before the market moves. Most traders share their outlook on the market after the market, moves and speak of profits made.

Well done

Now we just have to wait and see what price action does.

Well done

We will never always be right, but how we develop as traders is when you can state your case, before the fact and learn from it after price action decides.

Very well done

Then you have those traders who observe everything you say and reserve their opinion and after the market moves and if your trade fails, they all come out and bash you.

Why didn't they put their case forward also? The forum is about sharing and learning. We cant always get it right, if we did we would all be millionaires.

This is one measure of how to identify good traders in FF. Look at the traders who are not afraid to state their case, before the fact and see what happens and then learn from it.

One last time, WELL DONE AGAIN

HDA OUT
  • #370,509
  • Apr 4, 2014 6:46am Apr 4, 2014 6:46am
back to bed now
  • #370,510
  • Apr 4, 2014 6:53am Apr 4, 2014 6:53am
Quoting HDA
{quote} @A-speculator: I applaud you. This is trading. Put your case out before the market moves. Most traders share their outlook on the market after the market, moves and speak of profits made. Well done Now we just have to wait and see what price action does. Well done We will never always be right, but how we develop as traders is when you can state your case, before the fact and learn from it after price action decides. Very well done Then you have those traders who observe everything you say and reserve their...
sorry mate, i don't quite understand what's happening.. i expect an argument..

do you disagree/agree on my points.. thing is, there are things i may have overlook, as a human i think that is normal, so i don't mind people to come and bashing me, as you said we are here to share..
  • #370,511
  • Apr 4, 2014 7:00am Apr 4, 2014 7:00am
Quoting A-speculator
{quote} sorry mate, i don't quite understand what's happening.. i expect an argument.. do you disagree/agree on my points.. thing is, there are things i may have overlook, as a human i think that is normal, so i don't mind people to come and bashing me, as you said we are here to share..
@A-speculator:

I'm trying to get back to bed

The point from the exercise was not to argue. It was to allow you to share, before the fact and then lets see what happens.

As for agreeing or disagreeing with you.

We have to put today in context. If it was a normal trading day, then yes I agree, but 8:30am eastern, NFP, most times have to be taken into account.

So we are at a let see what happens

HDA OUT
  • #370,512
  • Apr 4, 2014 7:05am Apr 4, 2014 7:05am
Quoting HDA
{quote} @A-speculator: I'm trying to get back to bed The point from the exercise was not to argue. It was to allow you to share, before the fact and then lets see what happens. As for agreeing or disagreeing with you. We have to put today in context. If it was a normal trading day, then yes I agree, but 8:30am eastern, NFP, most times have to be taken into account. So we are at a let see what happens HDA OUT
sorry bro for keep getting you out of bed..

have a nice dream bro.. catch with you later.
  • #370,513
  • Apr 4, 2014 7:06am Apr 4, 2014 7:06am
My plan for NFP is to trade what I see....it may be a buy, a sell or nothing at all.

Intraday is bearish so far with each rally being sold, trend is bearish to 4hr and daily is ranging with recent bearishness....let's see what happens. 4hr chart is shown.

Best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: a4.jpg Size: 80 KB
it's all gone a bit........
  • #370,514
  • Apr 4, 2014 7:14am Apr 4, 2014 7:14am
Quoting A-speculator
{quote} ok, let's based things on 1h.. now, in 1h, price failed to break the high of the range and the uptrust was due to price rejected last low from 1h, normal things to happen as price reached resistance or support. more importantly is when looked in the daily, we can see distribution happened and price able to close lower than the low of the consolidated candles, here where one can see that bullish stream no longer exist or has been minimized. in 4h, price more into neutral but seeing from the close of the candles and the wicks, it seems more...
My experience in this situation is as follows. Despite the huge advantage of the bears. Bulls still have not given up. They, so to speak, have the right to the last shot. And if NFP allowed, they will try to close above 6617.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,515
  • Apr 4, 2014 7:25am Apr 4, 2014 7:25am
My long term short is still holding. Was thinking about closing before NFP, but that was not in my original plan, so I am letting it go. Like others have said, there is money to made in cable whether it goes up or down right now, but it is always good to be on the right side of the bias, lol.
  • #370,516
  • Apr 4, 2014 7:26am Apr 4, 2014 7:26am
Quoting godim
{quote} My experience in this situation is as follows. Despite the huge advantage of the bears. Bulls still have not given up. They, so to speak, have the right to the last shot. And if NFP allowed, they will try to close above 6617.
yeah. also think about it for a sec, what if NFP beats, and comes out in range of 220-260K. us companies are hiring finally, seems so.
  • #370,517
  • Apr 4, 2014 7:28am Apr 4, 2014 7:28am
lol thank god

Quoting HDA
{quote} elbert3: Suffo is allowed to login, but he cannot post. HDA OUT
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,518
  • Apr 4, 2014 7:33am Apr 4, 2014 7:33am
  • #370,519
  • Apr 4, 2014 7:36am Apr 4, 2014 7:36am
Quoting ruffryders
{quote} yeah. also think about it for a sec, what if NFP beats, and comes out in range of 220-260K. us companies are hiring finally, seems so.
not exactly 240K but still a strong report. Let's see the follow through.
  • #370,520
  • Apr 4, 2014 7:37am Apr 4, 2014 7:37am
Quoting elbert3
yous short bro ?
966 traders viewing now