Cable Update (GBPUSD) | Page 18917 | 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)

  • #378,321
  • May 20, 2014 4:19am May 20, 2014 4:19am
Quoting ruffryders
{quote} AU TP reached + 71 points. GBP AUD run was good for + 175 points. Diamonds are for girls, go figure.




Nice trading. I'm looking to reverse GBP/AUD with target around 790.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_AUD_4 Hours_snapshot.png Size: 54 KB
  • #378,322
  • May 20, 2014 4:25am May 20, 2014 4:25am
Quoting sami4240
{quote} Stuck in the middle with buy stop at 6855.. with no stop loss.... thinking now wht to do....?
Trade with a firmer strategy would be my knee jerk response.

Straddling trades without an SL is probably one of the most common large loss causing trades, brokers encourage it, traders don't.
The type of slow moving PA we have at the moment is slow bearish movement with bullish progression, it'll last until a major fundamental changes it... You may want to think about where to SL and apportion that to your acc size. If you loss lock it (other people say hedge) in the opposite direction you'll pay double brokerage and compound your loss. Its better to determine loss and profit targets and hold till they play out.

Note FOMC tomorrow

Good luck
  • #378,323
  • May 20, 2014 4:32am May 20, 2014 4:32am
Most of my long position are out at 850 and waiting for market to run into reaction levels for a possible trade. I have near term around 760 below and around 920 above.
  • #378,324
  • May 20, 2014 4:34am May 20, 2014 4:34am
Quoting JimmyC
{quote} Trade with a firmer strategy would be my knee jerk response. Straddling trades without an SL is probably one of the most common large loss causing trades, brokers encourage it, traders don't. The type of slow moving PA we have at the moment is slow bearish movement with bullish progression, it'll last until a major fundamental changes it... You may want to think about where to SL and apportion that to your acc size. If you loss lock it (other people say hedge) in the opposite direction you'll pay double brokerage and compound your loss....
Great advice Jimmy.
  • #378,325
  • May 20, 2014 4:35am May 20, 2014 4:35am
Morning sterling darlings,

shorted GU SL>6833 and if H close above that level.

Which pair is the most correlated to GU, I'm looking for a correlation like the one we have between Eur and Chf ?

Thanks.
Attached Image
Don't be smart. Be rich.
  • #378,326
  • May 20, 2014 4:40am May 20, 2014 4:40am
Quoting albchr
{quote} AU is right back to where I entered short this morning. Should have waited before coughing up 15 pips on it.... ....
Chris you would have to be happy with your KIWI and Aussie trades now?
  • #378,327
  • May 20, 2014 4:41am May 20, 2014 4:41am
40EMA support on H4 can fuel GBPUSD towards 1.6850, 1.6865 and 1.6900 while 20 EMA support near 1.6815 and 1.6800 can provide immediate supports to the pair. The cable witnessed the benefits of UK CPI.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 42 KB
  • #378,328
  • May 20, 2014 4:44am May 20, 2014 4:44am
Quoting Fx_Anil
40EMA support on H4 can fuel GBPUSD towards 1.6850, 1.6865 and 1.6900 while 20 EMA support near 1.6815 and 1.6800 can provide immediate supports to the pair. The cable witnessed the benefits of UK CPI. {image}
I agree, this is why I'd closely watch this H close, and will kill my trade if 33 do not cap the progression.
Don't be smart. Be rich.
  • #378,329
  • May 20, 2014 4:50am May 20, 2014 4:50am
SHORTS got hammer again.
  • #378,330
  • May 20, 2014 4:52am May 20, 2014 4:52am
Quoting maximinus
{quote} I agree, this is why I'd closely watch this H close, and will kill my trade if 33 do not cap the progression.
I'm with you.....
  • #378,331
  • May 20, 2014 4:52am May 20, 2014 4:52am
Quoting JimmyC
{quote} Trade with a firmer strategy would be my knee jerk response. Straddling trades without an SL is probably one of the most common large loss causing trades, brokers encourage it, traders don't. The type of slow moving PA we have at the moment is slow bearish movement with bullish progression, it'll last until a major fundamental changes it... You may want to think about where to SL and apportion that to your acc size. If you loss lock it (other people say hedge) in the opposite direction you'll pay double brokerage and compound your loss....

Thanks for the reply and Advice.. Must prepare and make a strategy to for the next trades. but now looking closely if the price could go up at 6845.. that trade was to Hedge my account as have entries of sell at 6760 Area...
  • #378,332
  • May 20, 2014 4:52am May 20, 2014 4:52am
Finally got to take a long on the EUR at the 680 level. Not the price action I wanted running into it so have positioned small and could be short lived.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Hourly_snapshot.png Size: 27 KB
  • #378,333
  • May 20, 2014 5:01am May 20, 2014 5:01am
I see now why GBPUSD thread is soo quiet.. too much negativity, focusing on wrong side of the perspective..


[.. Account hunting ?? here ? on FF ? .. gimme a break]


LOL.. GUYS, so you are here to cheat ?? to follow other PPL calls, or to mind your business..

Dont get me wrong guys.. not my intention to mind your business too.. but

I know HDA.. and his style is different to any of you in retail sector.. he is not leveraging his orders.. and his positions are a bit longer term..

just keep on mind when you compare apples with pears..

with love.. [p]
  • #378,334
  • May 20, 2014 5:04am May 20, 2014 5:04am
Quoting sami4240
{quote} Thanks for the reply and Advice.. Must prepare and make a strategy to for the next trades. but now looking closely if the price could go up at 6845.. that trade was to Hedge my account as have entries of sell at 6760 Area...
Sorry to hear that.
  • #378,335
  • May 20, 2014 5:05am May 20, 2014 5:05am
Quoting Piters
I see now why GBPUSD thread is soo quiet.. too much negativity, focusing on wrong side of the perspective.. [.. Account hunting ?? here ? on FF ? .. gimme a break] LOL.. GUYS, so you are here to cheat ?? to follow other PPL calls, or to mind your business.. Dont get me wrong guys.. not my intention to mind your business too.. but I know HDA.. and his style is different to any of you in retail sector.. he is not leveraging his orders.. and his positions are a bit longer term.. just keep on mind when you compare apples with pears.. with love.....
Yes, interesting debates recently, traders recognise traders...

We seem to now know whose who...

Cheers P
  • #378,336
  • May 20, 2014 5:08am May 20, 2014 5:08am
Quoting Piters
I see now why GBPUSD thread is soo quiet.. too much negativity, focusing on wrong side of the perspective.. [.. Account hunting ?? here ? on FF ? .. gimme a break] LOL.. GUYS, so you are here to cheat ?? to follow other PPL calls, or to mind your business.. Dont get me wrong guys.. not my intention to mind your business too.. but I know HDA.. and his style is different to any of you in retail sector.. he is not leveraging his orders.. and his positions are a bit longer term.. just keep on mind when you compare apples...
yeah yeah we like HDA. So are yous institutional then?
Attached Image
  • #378,337
  • May 20, 2014 5:12am May 20, 2014 5:12am
Quoting Piters
I see now why GBPUSD thread is soo quiet.. too much negativity, focusing on wrong side of the perspective.. [.. Account hunting ?? here ? on FF ? .. gimme a break] LOL.. GUYS, so you are here to cheat ?? to follow other PPL calls, or to mind your business.. Dont get me wrong guys.. not my intention to mind your business too.. but I know HDA.. and his style is different to any of you in retail sector.. he is not leveraging his orders.. and his positions are a bit longer term.. just keep on mind when you compare apples with pears.. with love.....
... Long time sir. Hope you are well.
Ghost Rider - WWTBMD?
  • #378,338
  • May 20, 2014 5:12am May 20, 2014 5:12am
Quoting ruffryders
{quote} yeah yeah we like HDA. So are yous institutional then? {image}
Yes sir, I do like HDA, whatever he has to share, he does it publicly, He's not setting up a private room.

Sorry I'm OUT, don't want to restart.
Don't be smart. Be rich.
  • #378,339
  • May 20, 2014 5:14am May 20, 2014 5:14am
I think enough has been said about HDA on this thread.

No comment...
  • #378,340
  • May 20, 2014 5:16am May 20, 2014 5:16am
Quoting squawk
I think enough has been said about HDA on this thread. No comment...
But... ... That was a comment... ...
Ghost Rider - WWTBMD?
2,009 traders viewing now, 4 are registered:
alenalex
,
AlphaGM
,
,
turnfx