Cable Update (GBPUSD) | Page 19010 | 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)

  • #380,181
  • Jun 4, 2014 4:09am Jun 4, 2014 4:09am
ITS NOT OVER YET TILL IT GETS TO THE RED 20 WEEKLY 666
  • #380,182
  • Jun 4, 2014 4:12am Jun 4, 2014 4:12am
Quoting russj
{quote} expect cable to get too 1.6697 but first i9t might get too 1.6743 area.. Taking out the daily pivot point, that's my hope so then after we test 1.6697 we can push right through the pivot point, but in all i expect both eur and cable to retrace a little from where they are now but would expect them to go up a little before that retrace but in all expecting an up day from both or range day, not expecting either to make lower lows.. Expect 1.3595/90 to catch euro and 1.6697 to catch cable. But first up a little so we can grab 40 pips on the...
well done with the numbers , lets see if the 2nd part works .. Regards
  • #380,183
  • Jun 4, 2014 4:14am Jun 4, 2014 4:14am
Quoting KecoaKecil
{quote} GOOD!!! my short change to long here(scalp for the reaction). I hope you are in it too.Nan-Ook May i know how u figure out it will be 1.6700 exactly? I am using astrology. What do you use?
I go sleep , and i have sell stop on 1.6710, unfortunately :/ But, who cares...
And why? caouse iti si so nice round number
  • #380,184
  • Jun 4, 2014 4:21am Jun 4, 2014 4:21am
Here you can see the three GBP pairs I am watching. GBP/NZD appears to want to break the news high, but GBP/JPY AND GBP/USD keeps falling away from it.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpresistance.PNG Size: 57 KB
Ever thought about how much money you could earn wagering against yourself?
  • #380,185
  • Jun 4, 2014 4:31am Jun 4, 2014 4:31am
If you look at GBP/JPY you'll see the two red lines I drew. Those were support and resistance lines prior to 7 gmt.. The price ranged inside, and once it closed under the support it dropped 3 pivots levels, Since the news was released you can see we have spiked right back to it, but after closing across it we have ranged back under that level. Although GBP/JPY follows GBP/USD the reality is both are trading a few pips under that high created from the news released.
Ever thought about how much money you could earn wagering against yourself?
  • #380,186
  • Jun 4, 2014 4:38am Jun 4, 2014 4:38am
Barclays: The market is likely to head lower towards 1.6660 (daily cloud base). Near term, a break below would 1.6693 would usher further selling interest. Bearish pressure remains in the absence of a move above 1.6780 and larger targets are to 1.6555. Read more Market Talk
  • #380,187
  • Jun 4, 2014 4:40am Jun 4, 2014 4:40am
Quoting fibswork4me
if you look at gbp/jpy you'll see the two red lines i drew. Those were support and resistance lines prior to 7 gmt.. The price ranged inside, and once it closed under the support it dropped 3 pivots levels, since the news was released you can see we have spiked right back to it, but after closing across it we have ranged back under that level. Although gbp/jpy follows gbp/usd the reality is both are trading a few pips under that high created from the news released.
you have studied well are you short or long .. E
  • #380,188
  • Jun 4, 2014 4:43am Jun 4, 2014 4:43am
Quoting elbert3
{quote} you have studied well are you short or long .. E
Currently long. I entered long before the news, but I misread the time in which the news was going to be released. So I ended up down 22 pips, and once the news was released i went from -22 to -5 and now I am +2. Yet, the formation did hold true, wish I would of entered 1 hour later.
Ever thought about how much money you could earn wagering against yourself?
  • #380,189
  • Jun 4, 2014 4:43am Jun 4, 2014 4:43am
Quoting Tint
Barclays: The market is likely to head lower towards 1.6660 (daily cloud base). Near term, a break below would 1.6693 would usher further selling interest. Bearish pressure remains in the absence of a move above 1.6780 and larger targets are to 1.6555. Read more Market Talk
Those banks never give a sl huh?
Ever thought about how much money you could earn wagering against yourself?
  • #380,190
  • Jun 4, 2014 4:43am Jun 4, 2014 4:43am
Quoting FibsWork4Me
{quote} I am simply sharing what I've learned not many moons ago. One of the strongest formations to play are those right before news events. If you see a down trend right before, set your pending buy 30 seconds before the news is released. Had that be done you would of been up 30+ pips in less then 15 mins.
Cable has become extremely data driven lately, i.e. position taking prior to any data release is almost nonexistent these days...rather they wait for data to come out and ride micro trends building hence extremely low vols in this pair.

Had the data been worse than expected, price would've spiked down....in this case luckily it spiked up as a result of
better than expected data.
Hear the music before the song is over ...
  • #380,191
  • Jun 4, 2014 4:48am Jun 4, 2014 4:48am
735 short,, sorry guys ??
  • #380,192
  • Jun 4, 2014 4:49am Jun 4, 2014 4:49am
Quoting elbert3
{quote} thanks Russ i let the 6780 and 6750 be taken out on 6712 as before , but still have 3 more to go i will let them run on now i have pp on them so that i keep profit , it looks strong enough to break 712 then we have 670 there might be a lot of sellers there so we might see a drop to 666 665 {image}

You get out of your Cable short at 1.6697 or did you hang on??? I bought at 1.6703

hit the 1.6743 level I was going to sell as advised butleft it.. could pullback now too 1.6720/12 and then attempt higher or it might just push to the area you were looking to sell around 1.6777 area. either way if pulls back off 1.6777 area I am looking to buy.

Debating shorting 1.6810 as well as the short that will take it back too 1.6740 probably belongs closer too 1.6818 ut thought 1.6708 would take it too 1.6770 then push up too 1.6818 then down too 1.6740 then 100 pips North finishing at 1.6840... either way got one eye on nfp so things may not hit or get surpassed as not a normal week.
  • #380,193
  • Jun 4, 2014 4:54am Jun 4, 2014 4:54am
been long now since 28th May - bought at 167 150 so lets see - says to me stay long but then what do i know .. oh yes how to party now yes that i do know for sure .. LONG

Previous trade was a short from 22nd may at 168 900 till the 28th May

So staying long for the NFP .. ride that wave comrades..
  • #380,194
  • Jun 4, 2014 5:00am Jun 4, 2014 5:00am
Quoting derektrotter
been long now since 28th may - bought at 167 150 so lets see - says to me stay long but then what do i know .. Oh yes how to party now yes that i do know for sure .. Long Previous trade was a short from 22nd may at 168 900 till the 28th may so staying long for the nfp .. Ride that wave comrades..
go get um cowboy, gl i have a few things going on today i cant seem to stay on the pc to long ,took 3 of my shorts out have 2 left and this one now ,, were going to sell the hell out of it ..lol gl del
  • #380,195
  • Jun 4, 2014 5:03am Jun 4, 2014 5:03am
Quoting elbert3
{quote} go get um cowboy, gl i have a few things going on today i cant seem to stay on the pc to long ,took 3 of my shorts out have 2 left and this one now ,, were going to sell the hell out of it ..lol gl del
Been following you on your shorts - still wonder how you do it as u seem to have many more winners than non winners .. nice one E .. when u say not on the PC is that kinda like a her indoors has spoken day .. u lucky boy u .. keep the faith hey hombre ..
  • #380,196
  • Jun 4, 2014 5:05am Jun 4, 2014 5:05am
Quoting elbert3
{quote} go get um cowboy, gl i have a few things going on today i cant seem to stay on the pc to long ,took 3 of my shorts out have 2 left and this one now ,, were going to sell the hell out of it ..lol gl del
btw kinda agree with your sentiment for sure but u know what its like u gotta have faith in your system too - simples i just do what it says.. Long till further notice ..
  • #380,197
  • Jun 4, 2014 5:08am Jun 4, 2014 5:08am
Quoting GlobalMacro
{quote} Cable has become extremely data driven lately, i.e. position taking prior to any data release is almost nonexistent these days...rather they wait for data to come out and ride micro trends building hence extremely low vols in this pair. Had the data been worse than expected, price would've spiked down....in this case luckily it spiked up as a result of better than expected data.
I understand what it is you are saying, but for the most part when once studies price action prior to news release you always see the U-turn of the last trend. The last trend on GBP pairs was to the down side prior to the news. Look at GBP/JPY GBP/NZD AND GBP/USD once asia opened. The price began to drop, then the sharp reversal once the news was released. In this instance the news for GBP as better then expected, but the price doesn't always move in the direction of the data. Instead countering the last trend.
Ever thought about how much money you could earn wagering against yourself?
  • #380,198
  • Jun 4, 2014 5:12am Jun 4, 2014 5:12am
Quoting derektrotter
{quote} btw kinda agree with your sentiment for sure but u know what its like u gotta have faith in your system too - simples i just do what it says.. Long till further notice ..
gl iwas down 1700 start of week
  • #380,199
  • Jun 4, 2014 5:14am Jun 4, 2014 5:14am
Quoting ruffryders
{quote} I think I got out just on time. {image}
lol ..Oh my - Good Call , Ruff ..
  • #380,200
  • Jun 4, 2014 5:15am Jun 4, 2014 5:15am
Quoting JimmyC
{quote} Dustbin? {image} {image}
Attached Image
947 traders viewing now