Cable Update (GBPUSD) | Page 19004 | 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)

  • #380,061
  • Jun 3, 2014 5:23am Jun 3, 2014 5:23am
Quoting JimmyC
{quote} No one ever said the real economy and the financial instruments within them were in harmony...
Totally agree with that... and why, perhaps, things are so phucked up.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #380,062
  • Jun 3, 2014 5:26am Jun 3, 2014 5:26am
Quoting JimmyC
{quote} No one ever said the real economy and the financial instruments within them were in harmony, Its no different here only our last PMI was 44.3 from 47.4 our local economy has stalled, the talking heads are making promises they cannot keep, the unions are starving their members the currency is as volatile as ever and inflation is imported as a result. So from inside an EM trust me the UK looks like the better problem to have...
thats my sell order 6780 hit lets see know if emas work 4 lots now so fingers crossed ,,
  • #380,063
  • Jun 3, 2014 5:47am Jun 3, 2014 5:47am
Is anyone even looking at this pair right now?
Ghost Rider - WWTBMD?
  • #380,064
  • Jun 3, 2014 5:57am Jun 3, 2014 5:57am
Quoting albchr
Is anyone even looking at this pair right now?
The pull-back seems short-live and is unlikely to extend beyond 1.6800 mark.

Expecting the pair to test 100-day SMA support, 1.6670 which if broken could test sub-1.6500 level.
  • #380,065
  • Jun 3, 2014 5:59am Jun 3, 2014 5:59am
Quoting albchr
Is anyone even looking at this pair right now?
Yeah..but i dont know, what to think
  • #380,066
  • Jun 3, 2014 6:00am Jun 3, 2014 6:00am
Quoting HareshBM
{quote} The pull-back seems short-live and is unlikely to extend beyond 1.6800 mark. Expecting the pair to test 100-day SMA support, 1.6670 which if broken could test sub-1.6500 level.
Yeah she's really tired. I only asked because after over 25 hours on a 233 tick, I only have 151 bars. Now that's dead! LOL
Attached Image (click to enlarge)
Click to Enlarge Name: !t-gbpusdmm233.png Size: 48 KB
Ghost Rider - WWTBMD?
  • #380,067
  • Jun 3, 2014 6:48am Jun 3, 2014 6:48am
Quoting albchr
{quote} Yeah she's really tired. I only asked because after over 25 hours on a 233 tick, I only have 151 bars. Now that's dead! LOL {image}
sell the life out of it ..???? lol, i am hoping somebody will .lol
  • #380,068
  • Jun 3, 2014 6:49am Jun 3, 2014 6:49am
Quoting albchr
{quote} Yeah she's really tired. I only asked because after over 25 hours on a 233 tick, I only have 151 bars. Now that's dead! LOL {image}
chris did you not sell 6780 ,? i thought that was targeted for you ?
  • #380,069
  • Jun 3, 2014 6:50am Jun 3, 2014 6:50am
Quoting elbert3
{quote} chris did you not sell 6780 ,? i thought that was targeted for you ?
Attached Image (click to enlarge)
Click to Enlarge Name: day.png Size: 103 KB
lets hope its right going to lock in soon
  • #380,070
  • Jun 3, 2014 7:00am Jun 3, 2014 7:00am
In a daily timeframe, the old rising trendline starting on Nov 2013 has been broken, and a pullback has been made to that trendline. Additionally, as you can see, I have plotted in dashed red the slow Guppy Moving Averages (GMMA), and now we are trading below them, and a pullback to that GMMA has been made too. This really seems bearish unless we break above both the trendline and the GMMA.

You can see that cable traded below GMMA in november, february and march, but the situation was kind of different. Now it really seems like the uptrend could be reversing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 87 KB
Click to Enlarge Name: Image2.png Size: 88 KB
  • #380,071
  • Jun 3, 2014 7:03am Jun 3, 2014 7:03am
Quoting elbert3
{quote} chris did you not sell 6780 ,? i thought that was targeted for you ?
Nope ... I didn't Billy... sorry ... I have my hands in other pairs doing well and my eye on the Dragon now. ....
Ghost Rider - WWTBMD?
  • #380,072
  • Jun 3, 2014 7:16am Jun 3, 2014 7:16am
Quoting elbert3
{quote} sell the life out of it ..???? lol, i am hoping somebody will .lol

I took that USD CAD short - got in at 109.18 stop tight above 24 .. hoping to get around 60 pips from it maybe slightly a bit more. did you take it? Remember you were asking me the other day regarding it and I said I would short at 1.0924 etc but I thought it was in the process of being longed big time at 1.0820 levels and suggested possible double bottom which happened eventually


Finally EUR USD is moving, been waiting hours for it to move, thought it was easier and easier on the eye to take than Cable so took to longing Euro t 136....will take 70 pips from it at 136.70 - although have it going to 1.3705 at least as NFP Friday think things may reach limited targets so 1.3670 and out for 70 pips
  • #380,073
  • Jun 3, 2014 7:33am Jun 3, 2014 7:33am
Quoting RussJ
{quote} I took that USD CAD short - got in at 109.18 stop tight above 24 .. hoping to get around 60 pips from it maybe slightly a bit more. did you take it? Remember you were asking me the other day regarding it and I said I would short at 1.0924 etc but I thought it was in the process of being longed big time at 1.0820 levels and suggested possible double bottom which happened eventually Finally EUR USD is moving, been waiting hours for it to move, thought it was easier and easier on the eye to take than Cable so took to longing Euro t 136....will...
Nice Russ. I just banked my EU longs. She may have more but I'm happy for now. Think we'll see some bouncing here at 1.3647ish. Should clear to 1.3671 I think for now. Good luck.

Trades were

Long @ 1.35992 Closed @ 1.36406 +41.4
Long @ 1.36070 Closed @ 1.36411 +34.1
Ghost Rider - WWTBMD?
  • #380,074
  • Jun 3, 2014 7:47am Jun 3, 2014 7:47am
Shorting U/CAD now is dangerous living. Your stop is also just below the DR1 (1.0927). Let it go back to 1.10 at least. It just went through the 200EMA on the 4H and there is relatively low resistance up to 1.0945/50 and 1.1025.
  • #380,075
  • Jun 3, 2014 8:23am Jun 3, 2014 8:23am
Quoting albchr
{quote} Nice Russ. I just banked my EU longs. She may have more but I'm happy for now. Think we'll see some bouncing here at 1.3647ish. Should clear to 1.3671 I think for now. Good luck. Trades were Long @ 1.35992 Closed @ 1.36406 +41.4 Long @ 1.36070 Closed @ 1.36411 +34.1
Yeah can see some small levels of resistance now that could take it back some but level it needs break is 70 which I think it will so moved target trying to get the extra pips... the resistance is 70 but now got target close to 86 where the pullback should happen, I am mindful though of NFP so things getting cut short. If doesn't reach it today will just leave it on until it reaches target over next day or 2 if necessary
  • #380,076
  • Jun 3, 2014 8:34am Jun 3, 2014 8:34am
Quoting RussJ
{quote} Yeah can see some small levels of resistance now that could take it back some but level it needs break is 70 which I think it will so moved target trying to get the extra pips... the resistance is 70 but now got target close to 86 where the pullback should happen, I am mindful though of NFP so things getting cut short. If doesn't reach it today will just leave it on until it reaches target over next day or 2 if necessary
Yeah I'd like to see it take out the 70 as well. By daily close would be nice to give the bulls some encouragement to take us up to the 38xx/39 areas for the next bear run. I think if it can clear that 70 prior to NFP, aside from whipsaws the course "should?" be hopefully set....lol ... We'll see.
Ghost Rider - WWTBMD?
  • #380,077
  • Jun 3, 2014 8:42am Jun 3, 2014 8:42am
Does see anybody level GBP/USD 1.6700 in near term here?
  • #380,078
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Quoting Nan-ook
Does see anybody level GBP/USD 1.6700 in near term here?
I do.
Don't blame the tools. Blame the carpenter.
  • #380,079
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Quoting Nan-ook
Does see anybody level GBP/USD 1.6700 in near term here?
Bigger chance for 1.6850 then 1.67, I think.
Everyone can see the chart, but only a few can actually read it.
  • #380,080
  • Jun 3, 2014 9:02am Jun 3, 2014 9:02am
Quoting albchr
{quote} Yeah I'd like to see it take out the 70 as well. By daily close would be nice to give the bulls some encouragement to take us up to the 38xx/39 areas for the next bear run. I think if it can clear that 70 prior to NFP, aside from whipsaws the course "should?" be hopefully set....lol ... We'll see.

Been mnore trading cable .. got cable charts all over, just been looking at one chart and changing it not complete charts with euro and others but I think euro could be capped at 137.05 then move down considerable just my opinion but before nfp starts on Friday will upload all charts to check my opinion but in the short term Euro usd should reach 137 area whether now or NFP
268 traders viewing now, 2 are registered:
,
fmtrad3r