Cable Update (GBPUSD) | Page 18995 | 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)

  • #379,881
  • May 30, 2014 3:30am May 30, 2014 3:30am
cable gunna drop it like its hawt tonight all the way to .6670 area

wendigo
  • #379,882
  • May 30, 2014 3:30am May 30, 2014 3:30am
Quoting RussJ
{quote} its long I will tell you were too now.. hit middle of the support on monthyl
THANKS E
  • #379,883
  • May 30, 2014 3:31am May 30, 2014 3:31am
Quoting JimmyC
{quote} I'll put it in my journal you can look there
  • #379,884
  • May 30, 2014 3:33am May 30, 2014 3:33am
Quoting russj
{quote} come off aggressive off first level resistance at 47.. Now trying to form a double bottom and will come under pressure under hourly chart at 36/40 but i would try shorting for lower lows on swing at 108.86 middle of the resistance
1,059 would be good i might add if it breaks the 200 day chart
  • #379,885
  • May 30, 2014 3:37am May 30, 2014 3:37am
Quoting elbert3
{quote}
Its there, the long range chart shows the TL should be on watch as a high prob, I know some bank targets are near 1.2

near term its correcting, Intraday seems to be going for a diamond type target, all around the higher prob is to the down-side
  • #379,886
  • May 30, 2014 3:40am May 30, 2014 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 98 KB
that my reason for short 6750 target x is the weekly 20 ema number ,i know there is a signal on the chart ???
  • #379,887
  • May 30, 2014 3:48am May 30, 2014 3:48am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd@daily.png Size: 57 KB
  • #379,888
  • May 30, 2014 3:49am May 30, 2014 3:49am
Quoting elbert3
{quote} 1,059 would be good i might add if it breaks the 200 day chart
just put a fib ext on that and 100 % is the same number as the resistance ,?? has to break first
  • #379,889
  • May 30, 2014 4:11am May 30, 2014 4:11am
Quoting Carlicus
I'm trying to scalp some pips on the long side, let's see what happens if the price breaks through the down trendline. A nice TP could be 1.6765 {image}
Damn, my TP almost hit, I should have stayed in! Anyway it was a bit risky
I know some people say forex tick volume is useless, but to me volume analysis clearly supported a small bounce like this.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 80 KB
  • #379,890
  • May 30, 2014 4:27am May 30, 2014 4:27am
Quoting elbert3
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion
Not doing for some time but check the old chart , around big resistance , over smaller supports , below last leg up ,so more correction likely but not in straight line, abc. about to react for B up before further down.1.077 may be ok if breaks 1.0800 next.
Thanks ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadweekly.png Size: 42 KB
Click to Enlarge Name: usdcaddaily.png Size: 35 KB
Click to Enlarge Name: usdcadh4.png Size: 28 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,891
  • May 30, 2014 4:39am May 30, 2014 4:39am
Quoting GlobalMacro
{quote} More often than not it's pretty safe to assume no action after europ. markets close these days, I view this as extra time off...luxury if you will for us traders... I've been watching 710-736 range today...both been defended decently, but in my final analysis I go with 2-1 for attempts to break 736... I'd view it as a feat on market's part if price manages to close above 736 today towards 780...
Market finally managed to breach 735-745 resistance and close above 736 to high of 760...
I'm in long here on retracement at 1.6730.
Hear the music before the song is over ...
  • #379,892
  • May 30, 2014 5:03am May 30, 2014 5:03am
Quoting fontu
{quote} Not doing for some time but check the old chart , around big resistance , over smaller supports , below last leg up ,so more correction likely but not in straight line, abc. about to react for B up before further down.1.077 may be ok if breaks 1.0800 next. Thanks , fontu {image} {image} {image}
good man, the rr is there i would think ??
  • #379,893
  • May 30, 2014 5:09am May 30, 2014 5:09am
Quoting GlobalMacro
{quote} Market finally managed to breach 735-745 resistance and close above 736 to high of 760... I'm in long here on retracement at 1.6730.
morning we seem to be going in different lol , short from 50 and looking to stay in??? pp on 40 just in case . Rs.E
  • #379,894
  • May 30, 2014 5:16am May 30, 2014 5:16am
Quoting Kofmaster
{quote} Hi JimmyC Just had a long argument with the other guys at AUD/USD thread regarding volume for spot forex. Retail forex broker uses tick volume. Is different from the actual traded volume in futures. However its the same. Anyway, thanks for the heads up ! {image}
Kofmaster, I enjoyed the article, it confirms there's a high correlation between tick volume (which is shown to us in mt4) and real traded volume. I recommend anyone to read it.
  • #379,895
  • May 30, 2014 5:18am May 30, 2014 5:18am
GBPUSD has dropped below a medium-term ascending trend channel, possibly suggesting additional near-term weakness. More likely to test 100-day SMA, at 1.6650, which could further be considered as important pivot. Below 100-day SMA, expecting at-least a 100-pip drop to till sub-1.6500 level.
Move back above 1.6800 would negate this bearish outlook and thus would act as stop-loss for bearish positions.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily 30052014.png Size: 8 KB
  • #379,896
  • May 30, 2014 5:23am May 30, 2014 5:23am
Quoting elbert3
{quote} morning we seem to be going in different lol , short from 50 and looking to stay in??? pp on 40 just in case . Rs.E
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 103 KB
lets keep it going short
  • #379,897
  • May 30, 2014 5:23am May 30, 2014 5:23am
Quoting Carlicus
{quote} Kofmaster, I enjoyed the article, it confirms there's a high correlation between tick volume (which is shown to us in mt4) and real traded volume. I recommend anyone to read it.
Nah, I don't think so. The senior here think what they think is much more important and correct than the study done. Better don't say anything else or they accuse you trying to sell anything here. just silent do your business
Read the entire market, money is made on the main trend not the fluctuation
  • #379,898
  • May 30, 2014 5:29am May 30, 2014 5:29am
UBS: Cable has been under pressure, dipping below 1.6700 twice in the last two days, with more profit taking in EURGBP. With the dollar on the back foot since yesterday, however, the pair may recover towards the weekend. Read more: Trading Look
  • #379,899
  • May 30, 2014 5:32am May 30, 2014 5:32am
I'm still very confident we will go back to the support turn resistance area. Is either situation a or situation b will happen.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 76 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #379,900
  • May 30, 2014 5:39am May 30, 2014 5:39am
Ghost Rider - WWTBMD?
2,217 traders viewing now, 3 are registered:
,
,
AlphaGM