Cable Update (GBPUSD) | Page 18873 | 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)

  • #377,441
  • May 13, 2014 1:29pm May 13, 2014 1:29pm
Quoting AllyB
{quote} {quote} H4 {image}
Tomorrow
  • #377,442
  • May 13, 2014 1:32pm May 13, 2014 1:32pm
Another point to bear in mind is that we have the European elections in just over a week's time, and so perhaps money will try to find a safer place to hide from the fresh faces of corruption that will be sworn in. And then a week or so later, the circus of stagnation may resume... rate cuts or not.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #377,443
  • May 13, 2014 1:36pm May 13, 2014 1:36pm
Quoting JimmyC
{quote} Potentially belabouring the point 1.37 change in polarity, close below = bearish 200 sma is reactive (last time Bernanke saved the EU from tanking by printing money) If we close below 1.368 then we're pricing for Draghi's rate cut 8th May Kabuse I agree, not reversed yet It seems EU fate will be known soon {image} Correlation - Intraday {image}
yes jim lol but pp out now over dinner at 78 pips not going to scalp it back, keeping all i can on that one, take away the weekend that was quite a sell off from nearly 1400 , i think now a pull back and attack the 200 again on the day chart ??
  • #377,444
  • May 13, 2014 1:36pm May 13, 2014 1:36pm
Attached Image
  • #377,445
  • May 13, 2014 1:47pm May 13, 2014 1:47pm
61250 was a tough nut to crack will it hold as resistance now ,it will be trading off the 20 ema also offering support on the 5 min,???
  • #377,446
  • May 13, 2014 2:03pm May 13, 2014 2:03pm
dustbin levels
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 60 KB
  • #377,447
  • May 13, 2014 2:23pm May 13, 2014 2:23pm
Im thinking we will see usd lfx above 7300 pivot Jimmy ,



Quoting JimmyC
{quote} Potentially belabouring the point 1.37 change in polarity, close below = bearish 200 sma is reactive (last time Bernanke saved the EU from tanking by printing money) If we close below 1.368 then we're pricing for Draghi's rate cut 8th May Kabuse I agree, not reversed yet It seems EU fate will be known soon {image} Correlation - Intraday {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxweekly 13 may.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,448
  • May 13, 2014 2:30pm May 13, 2014 2:30pm
If the current support is broken, I think the next support will be 1.678x, which is:

 

  1. The 38.2% retracement in blue
  2. The 50% fib ret in green
  3. The 61.8% fib ret in red

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 38 KB
  • #377,449
  • May 13, 2014 2:32pm May 13, 2014 2:32pm
Guys what happened to ruffryders ?I see he lost he red falg.Does he left FF too ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot Studio capture #669.jpg Size: 51 KB
  • #377,450
  • May 13, 2014 2:38pm May 13, 2014 2:38pm
Quoting BogiFX
Guys what happened to ruffryders ?I see he lost he red falg.Does he left FF too ? {image}
The picture says it all: temporarily suspended. An admin has blocked him from posting probably for mocking somebody or something like that. He'll be back when the admin unblocks him.
  • #377,451
  • Edited 3:06pm May 13, 2014 2:50pm | Edited 3:06pm
closed trade plus 5 pipsclosed trade plus 5 pips long at 26 sl 6820 target 40 look to short then if it gets there Attachment try long eurusd at 3702
  • #377,452
  • May 13, 2014 2:58pm May 13, 2014 2:58pm
Quoting Carlicus
{quote} The picture says it all: temporarily suspended. An admin has blocked him from posting probably for mocking somebody or something like that. He'll be back when the admin unblocks him.
Thanks
  • #377,453
  • May 13, 2014 3:13pm May 13, 2014 3:13pm
Quoting JimmyC
{quote} Hello Red. The headline figure @288K seemed good BUT the non-participation rate increased to 800K, the data was very poor in fact hence DX weakness on that data release. The DX is fundamentally weak as a result of the asset purchase facility. Be aware once this stops, DX strength will start. The present EU GU debacle is due to Mario indicating he wants to start QE, is thinking of lowering rates again and might begin negative deposit rates. EU weakens Cable indirectly GU still remains surprisingly strong despite threatened EU policy
Hi Jimmy, thank you for your explanation, very logic, ... yes you right we can't read just a single economic data, many factor or variable affecting the price movement.
Seems like we will have important trigger for Cable to start the correction, significant retracement.

Good luck mate
  • #377,454
  • May 13, 2014 3:20pm May 13, 2014 3:20pm
Quoting Carlicus
If the current support is broken, I think the next support will be 1.678x, which is: The 38.2% retracement in blue The 50% fib ret in green The 61.8% fib ret in red {image}
Nice fibbing!

I read the 'lesson' HDA gave you last week yesterday too, very good stuff
  • #377,455
  • May 13, 2014 3:25pm May 13, 2014 3:25pm
Quoting AllyB
{quote} {quote} H4 {image}
Cool, touchdown.
Ghost Rider - WWTBMD?
  • #377,456
  • May 13, 2014 3:34pm May 13, 2014 3:34pm
Quoting albchr
{quote} Cool, touchdown.
New low, and daily candle will be closed bearish (on my chart) within next 30 minutes, ... are you still bullish my friend?
  • #377,457
  • May 13, 2014 3:45pm May 13, 2014 3:45pm
Quoting Red Alert
{quote} New low, and daily candle will be closed bearish (on my chart) within next 30 minutes, ... are you still bullish my friend?
On the "overall trend" absolutely. Intraday we shall see what's next. This post below explains my thoughts on an "overall trend" change.

Quoting albchr
{quote} We indeed think alike Jimmy. I was just setting up this weekly to post. The dashed horizontal line sits at 6730. The TL is obvious. A break of either is what I'd have to see to start thinking trend change is likely. Still, that's 110+ pips from here and over 250 for anyone who's short near the top. (like that 6983 I "had" ). By no means chicken feed for the bears. {image}
Intraday is always both possibilities. As price moves up and down, I trade accordingly by that day's PA and SR levels. My "main" buy area "as of now" remains 6800/20, my "secondary" buy area remains 6750/80. Below 6730 I will watch PA for a possible "overall trend" change from bullish to bearish.

All of this is, and always will be PA and SR dependent. As of now, 6800/20 remains strong support.
Ghost Rider - WWTBMD?
  • #377,458
  • May 13, 2014 4:05pm May 13, 2014 4:05pm
Quoting albchr
{quote} On the "overall trend" absolutely. Intraday we shall see what's next. This post below explains my thoughts on an "overall trend" change. {quote} Intraday is always both possibilities. As price moves up and down, I trade accordingly by that day's PA and SR levels. My "main" buy area "as of now" remains 6800/20, my "secondary" buy area remains 6750/80. Below 6730 I will watch PA for a possible "overall trend" change from bullish to bearish. All of this is, and always will be PA and SR dependent. As of now, 6800/20 remains strong support....
my prediction . target 6783, 6660 red and white emas crossover at about 6840 signal to short to 6660 ,the 50 ema on the day will get hit ,,,,,,,
  • #377,459
  • May 13, 2014 4:08pm May 13, 2014 4:08pm
Quoting albchr
{quote} On the "overall trend" absolutely. Intraday we shall see what's next. This post below explains my thoughts on an "overall trend" change. {quote} Intraday is always both possibilities. As price moves up and down, I trade accordingly by that day's PA and SR levels. My "main" buy area "as of now" remains 6800/20, my "secondary" buy area remains 6750/80. Below 6730 I will watch PA for a possible "overall trend" change from bullish to bearish. All of this is, and always will be PA and SR dependent. As of now, 6800/20 remains strong support....
Attached Image (click to enlarge)
Click to Enlarge Name: DAY3.png Size: 112 KB
this is what i posted to navin,,price will hit 10 and 20 emas over a week ago targets marked
  • #377,460
  • May 13, 2014 4:12pm May 13, 2014 4:12pm
Quoting albchr
{quote} On the "overall trend" absolutely. Intraday we shall see what's next. This post below explains my thoughts on an "overall trend" change. {quote} Intraday is always both possibilities. As price moves up and down, I trade accordingly by that day's PA and SR levels. My "main" buy area "as of now" remains 6800/20, my "secondary" buy area remains 6750/80. Below 6730 I will watch PA for a possible "overall trend" change from bullish to bearish. All of this is, and always will be PA and SR dependent. As of now, 6800/20 remains strong support....
I've closed my shorts at this area, i prefer to keep shorting at higher price or breakout of those resistance...
RSI on h4 seems low but still have some space for more down, agree with you with 1.6730 is important level,
cable seems like visiting there this week...
341 traders viewing now