Cable Update (GBPUSD) | Page 18582 | 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)

  • #371,621
  • Apr 11, 2014 10:18am Apr 11, 2014 10:18am
Quoting A-speculator
{quote} i don't see it that way mate, as i see it, cable is in a big a$$ range.. the range i'm talking about is the monthly range..
I agree. The past 10 weeks (roughly) it's a range at the top of a strong uptrend. Mind you I don't focus on longer "trends" per say as I'm not a "position" trader. What I see are ranges happening at various levels. But I can't ignore the longer term path (trend) that took us here either. Ranges are kind of why I've been bearish since 6820
Ghost Rider - WWTBMD?
  • #371,622
  • Apr 11, 2014 10:21am Apr 11, 2014 10:21am
its not resting on that tl ,market wants you to think that ,I think

Quoting petetong
broken falling trend line and 38.2% of that last bullish leg up on this t/f 6552-6820 is the present low of day best wishes. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,623
  • Apr 11, 2014 10:24am Apr 11, 2014 10:24am
Quoting albchr
{quote} I agree. The past 10 weeks (roughly) it's a range at the top of a strong uptrend. Mind you I don't focus on longer "trends" per say as I'm not a "position" trader. What I see are ranges happening at various levels. But I can't ignore the longer term path (trend) that took us here either. Ranges are kind of why I've been bearish since 6820
nope, i'm not talking you into longer term trade, what i mean is price was at the monthly resistance, which could be very strong.. if that resistance hold, this will happen.. maybe back towards 50% of the range.. but that 50% is quite a lot bro...
  • #371,624
  • Apr 11, 2014 10:26am Apr 11, 2014 10:26am
really I must admit id like lower but still its a good signal ,ideally close is at bottom ,
Attached Image (click to enlarge)
Click to Enlarge Name: today ,USD (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,625
  • Apr 11, 2014 10:30am Apr 11, 2014 10:30am
Quoting A-speculator
{quote} nope, i'm not talking you into longer term trade, what i mean is price was at the monthly resistance, which could be very strong.. if that resistance hold, this will happen.. maybe back towards 50% of the range.. but that 50% is quite a lot bro...
LOL...you couldn't talk me into longer term trades mate. My account isn't large enough . My trades last anywhere from minutes to days (sometimes more but rarely). Should this support it's bouncing on now give way, I'd be looking towards 6500 again with some hiccups around 6680 first. I trade up and down in any longer term "trend". And again I agree 100%. 6820 is strong resistance IMO.
Ghost Rider - WWTBMD?
  • #371,626
  • Apr 11, 2014 10:35am Apr 11, 2014 10:35am
Quoting Bones
its not resting on that tl ,market wants you to think that ,I think {quote}
I agree Tony. Breaking that daily TL is not needed. I would like to see it close below Wednesday's open to help confirm bearish though.
Ghost Rider - WWTBMD?
  • #371,627
  • Apr 11, 2014 10:43am Apr 11, 2014 10:43am
Quoting albchr
{quote} LOL...you couldn't talk me into longer term trades mate. My account isn't large enough . My trades last anywhere from minutes to days (sometimes more but rarely). Should this support it's bouncing on now give way, I'd be looking towards 6500 again with some hiccups around 6680 first. I trade up and down in any longer term "trend". And again I agree 100%. 6820 is strong resistance IMO.
i'm not sure price will be able to push it any further down with thin volume.. perhaps to be continued next week..
  • #371,628
  • Apr 11, 2014 10:48am Apr 11, 2014 10:48am
Quoting A-speculator
{quote} i'm not sure price will be able to push it any further down with thin volume.. perhaps to be continued next week..
Yeah...I think we've bottomed for the day as well. That's why I'm just watching the 4H. London close, NY lunch, Friday, volume dropping with each hour now... etc....
Ghost Rider - WWTBMD?
  • #371,629
  • Apr 11, 2014 10:55am Apr 11, 2014 10:55am
Still expecting 1.64 by next week.
  • #371,630
  • Apr 11, 2014 11:00am Apr 11, 2014 11:00am
naturally, profit taking on Friday, the price didn't even pullback to 50 of the previous upswing, so anything up to 6680-6710 considered a pullback.
GUs ran out of gas in tanks, range was consumed for the week, so it's pulling back now. do you consider it bullish or bearish?

lad broke the downwards sloping channel, currently some retreat is OK.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
  • #371,631
  • Apr 11, 2014 11:00am Apr 11, 2014 11:00am
Quoting sakisf
Still expecting 1.64 by next week.
A bit much to hope for but hey..... from your keyboard to the FOREX God's eyes. One thing for sure, when cable tanks it can be spectacular.
Ghost Rider - WWTBMD?
  • #371,632
  • Apr 11, 2014 11:03am Apr 11, 2014 11:03am
Quoting ruffryders
naturally, profit taking on Friday, the price didn't even pullback to 50 of the previous upswing, so anything up to 6680-6710 considered a pullback. GUs ran out of gas in tanks, range was consumed for the week, so it's pulling back now. do you consider it bullish or bearish? lad broke the downwards sloping channel, currently some retreat is OK. {image}
Oh ..... quit being such a stick in the bears mud man.... (kidding with ya of course)
Ghost Rider - WWTBMD?
  • #371,633
  • Apr 11, 2014 11:07am Apr 11, 2014 11:07am
Quoting albchr
{quote} Oh ..... quit being such a stick in the bears mud man.... (kidding with ya of course)
np. EUs still got more gas in tanks to take on 4000-4050. GUs/EUs not perfectly correlated, still I'd wait for EU to clear more upside
and top out @ 4000-4050. Than yous take a shot at short selling both mofus hard out.

EUs looks like is set for a strong weekly close at psych level near 3900. I'd think twice before short selling the mofus now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #371,634
  • Apr 11, 2014 11:19am Apr 11, 2014 11:19am
Quoting ruffryders
{quote} np. EUs still got more gas in tanks to take on 4000-4050. GUs/EUs not perfectly correlated, still I'd wait for EU to clear more upside and top out @ 4000-4050. Than yous take a shot at short selling both mofus hard out. EUs looks like is set for a strong weekly close at psych level near 3900. I'd think twice before short selling the mofus now. {image}
I don't disagree. I don't trade EU much really but I do watch it. No question our trading styles are quite different though. I'm quite happy with up and down trading even in the same day. Like that 6810 short (which I simply butchered the management of for only 20 pips ) to now was a nice 90 pip possibility. More than enough for this humble carpenter for one trade in a two day span.
Ghost Rider - WWTBMD?
  • #371,635
  • Apr 11, 2014 11:43am Apr 11, 2014 11:43am
Quoting albchr
One thing for sure, when cable tanks it can be spectacular.
Exactly that is the reason why i'll keep current short over the weekend. ~80 pips in plus give me enough room for possible sudden changes over the weekend.
big numbers are our friends...
  • #371,636
  • Apr 11, 2014 11:47am Apr 11, 2014 11:47am
Quoting deeZG
{quote} Exactly that is the reason why i'll keep current short over the weekend. ~80 pips in plus give me enough room for possible sudden changes over the weekend.
For sure mate. You and I were on the same page. But you actually read it and apparently... I lost my glasses....

Again, well done brother
Ghost Rider - WWTBMD?
  • #371,637
  • Apr 11, 2014 12:15pm Apr 11, 2014 12:15pm
Quoting godim
gbp/usd H4 {image} The price broke below the line (6867). Normal movement is the next (below) line (6756). Can be obtained by waiting on this level. It is important for those who have a short position. eur/usd H4 {image} Price enter the area that I call the "last line of defense." In this area are the possible movements between lines 3878, 3900 and 3933 one or more times. Remains an important breakthrough from the area.
These are the charts at the moment. I'm disappointed. Next week I will not be online.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 67 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,638
  • Apr 11, 2014 12:23pm Apr 11, 2014 12:23pm
Quoting godim
{quote} These are the charts at the moment. I'm disappointed. Next week I will not be online. {image} {image}
should go short now my 1st target 6690 ish , you off on holiday
  • #371,639
  • Apr 11, 2014 1:28pm Apr 11, 2014 1:28pm
Hi Ruff ,we are in different camps ,but hope you ok with that forums funny places ,im not being challenging ,I hold shorts till close most likely will hold ,see if we can reach tl ,
I think your a very good poster ,


Quoting ruffryders
naturally, profit taking on Friday, the price didn't even pullback to 50 of the previous upswing, so anything up to 6680-6710 considered a pullback. GUs ran out of gas in tanks, range was consumed for the week, so it's pulling back now. do you consider it bullish or bearish? lad broke the downwards sloping channel, currently some retreat is OK. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,640
  • Apr 11, 2014 2:12pm Apr 11, 2014 2:12pm
Quoting Bones
Hi Ruff ,we are in different camps ,but hope you ok with that forums funny places ,im not being challenging ,I hold shorts till close most likely will hold ,see if we can reach tl , I think your a very good poster , {quote}
Bones, thanks, I got a pretty similar drill on EU. Pulls back to 40-60 and gets bought in and rides it out to 4040. let's see what gives.
I'm reviewing my positions, might dump some EUAU options and purchase some calls on EUs/GUs, but that's until Tuesday.
Mondays usually are crap.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
1,846 traders viewing now, 3 are registered:
,
turnfx
,
Ankrish47