Cable Update (GBPUSD) | Page 19098 | 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)

  • #381,941
  • Jun 15, 2014 5:23pm Jun 15, 2014 5:23pm
Quoting GlobalMacro
{quote} {quote} Long has definitely NOT been wrong...Perfect break out of the descending wedge. Position from 1.6730 yielding +ve 231 pips as of Friday's close of 1.6961, took partial profit @ 1.6830 on NFP friday at first contact w/ DTL. After having formed a double bottom off the lower desceding TL and retesting May/June DTL, Price's now probing multi-year highs with the week's high printing 1.6992 As such I'm continuing to carry the remaining long position for the time being. {image}
hi GlobalMacro,

iŽm still following your way, cable long looks nice, 44 pips and counting. thanks a lot. if you ever should travel to berlin: let me know, iŽll pay the drinks
fortis fortuna adiuvat
  • #381,942
  • Jun 15, 2014 5:26pm Jun 15, 2014 5:26pm
To me, it looks like it's setting up a move to challenge 1.7, which would be 2014 high and a multi-year high .... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,943
  • Jun 15, 2014 5:26pm Jun 15, 2014 5:26pm
that was basically a near 4000 pip shot down in a minute...most i've ever seen
  • #381,944
  • Jun 15, 2014 5:28pm Jun 15, 2014 5:28pm
Quoting justin7
that was basically a near 4000 pip shot down in a minute...most i've ever seen
?????
fortis fortuna adiuvat
  • #381,945
  • Jun 15, 2014 5:30pm Jun 15, 2014 5:30pm
I will add to my short, but only if it breaks through the 200-hour MA with conviction, and there is like a chasm between current price and that level (currently at 1.6808). Otherwise, I'm just going to hold my 1.69 short for now ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,946
  • Jun 15, 2014 5:33pm Jun 15, 2014 5:33pm
Quoting deltaone
{quote} ?????
lol... Obviously teasing us... I am anticipating a fall too so I put in short 1.69737 looking for some considerable drops
  • #381,947
  • Jun 15, 2014 5:35pm Jun 15, 2014 5:35pm
If it's any consolation, FxStreet's Forecast Currency poll indicates the consensus is that GBP/USD will move lower from this level during the coming week (to 1.6952), month (to 1.6864), and quarter (to 1.6804). See http://www.fxstreet.com/analysis/for...rrencies-poll/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,948
  • Jun 15, 2014 5:45pm Jun 15, 2014 5:45pm
Quoting justin7
that was basically a near 4000 pip shot down in a minute...most i've ever seen
I also saw that and was wondering if it was some kind of system anomaly, since it was also shown in the USD/CAD chart. I trade through FXCM and have shorts that should have executed were that to have been actual price movement. Now, the charts don't show the spike ... . Mmmm.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,949
  • Jun 15, 2014 5:48pm Jun 15, 2014 5:48pm
Actually, the USD/CAD 1 Minute chart still shows it:

Attached Image (click to enlarge)
Click to Enlarge Name: USD:CAD 1 Min..jpg Size: 156 KB
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,950
  • Jun 15, 2014 5:51pm Jun 15, 2014 5:51pm
Quoting BlackSun
{quote} lol... Obviously teasing us... I am anticipating a fall too so I put in short 1.69737 looking for some considerable drops
Fingers crossed ... . Unfortunately, finger crossing is not a form of technical analysis .... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,951
  • Jun 15, 2014 6:03pm Jun 15, 2014 6:03pm
Quoting GlobalMacro
{quote} {quote} Long has definitely NOT been wrong...Perfect break out of the descending wedge. Position from 1.6730 yielding +ve 231 pips as of Friday's close of 1.6961, took partial profit @ 1.6830 on NFP friday at first contact w/ DTL. After having formed a double bottom off the lower desceding TL and retesting May/June DTL, Price's now probing multi-year highs with the week's high printing 1.6992 As such I'm continuing to carry the remaining long position for the time being. {image}
Unfortunately, you're right; a long at your entry point was good. Wish I would have gone there ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,952
  • Jun 15, 2014 6:06pm Jun 15, 2014 6:06pm
Quoting justin7
that was basically a near 4000 pip shot down in a minute...most i've ever seen
True... till the next one
The good thing with the future is that it is progressively approaching...
  • #381,953
  • Jun 15, 2014 6:14pm Jun 15, 2014 6:14pm
Can't believe the system I am using is telling me to buy at this level ... . The shortcoming of it is that it doesn't recognize or factor in recent impulsive movement. (Gets out heavy tweaking tool and bangs on system with it ... .)
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,954
  • Jun 15, 2014 6:20pm Jun 15, 2014 6:20pm
Quoting ZebraSquirl
Can't believe the system I am using is telling me to buy at this level ... . The shortcoming of it is that it doesn't recognize or factor in recent impulsive movement. (Gets out heavy tweaking tool and bangs on system with it ... .)
Any software that is at least halfway accurate will tell you to buy here because it is going long-term stable bullish....

FX Street predictions are showing a nice drop though so that's what I'm shorting for...
  • #381,955
  • Jun 15, 2014 6:34pm Jun 15, 2014 6:34pm
Quoting BlackSun
{quote} Any software that is at least halfway accurate will tell you to buy here because it is going long-term stable bullish.... FX Street predictions are showing a nice drop though so that's what I'm shorting for...
True. Fortunately, it is not necessarily a "signal" in the ordinary sense; it's basically telling me that the pair is bullish and to look for a buy opportunity. It also doesn't filter out situations in which a given pair is nearing a particular high.

Nothing beats usin' the old eyeballs ... . It's kinda of what I tell my wife when the dishwasher doesn't get every speck off the dishes, "It doesn't have eyeballs, honey. I'd be scared if it did."
Fireworks are fun ... as long as you don't blow your fingers off.
  • #381,956
  • Jun 15, 2014 6:44pm Jun 15, 2014 6:44pm
wohooo: goal for bosnia!
fortis fortuna adiuvat
  • #381,957
  • Jun 15, 2014 7:56pm Jun 15, 2014 7:56pm
Quoting Davit
Based on my system its clear ideal sell. Knowing about harmonics its clear last tremendous swing triggered by Carney was classic impulse wave which will follow corrective wave. We are perhaps 8-12months away from IR hike eternity in terms of price fluctuations. If you are bullish which I totally understand don't expect continued up movement without major correction 1st.Don't be the sucker who buys from the very top.Wait for retrace.As for me I'll take 100pips south on multiple positions. {image} {image}
Davit, Can you point out the post you're referring to?

I searched and searched the whole thread but I can't find anyone buying at the very top here at 1.6992.
Hear the music before the song is over ...
  • #381,958
  • Jun 15, 2014 7:56pm Jun 15, 2014 7:56pm
cable reminds me on a guns nŽroses song:

She's pretty tied up
Hangin' upside down
She's pretty tied up
An you can ride her
She's pretty tied up
Hangin' upside down
I can't tell you she's the right one
Oh no,oh no,oh no
fortis fortuna adiuvat
  • #381,959
  • Jun 15, 2014 8:01pm Jun 15, 2014 8:01pm
Quoting deltaone
{quote} hi GlobalMacro, iŽm still following your way, cable long looks nice, 44 pips and counting. thanks a lot. if you ever should travel to berlin: let me know, iŽll pay the drinks
Alright Delta, sounds good to me....
Nice to hear at least someone's making dough, seems as though everyone on the thread is short biased...
Hear the music before the song is over ...
  • #381,960
  • Jun 15, 2014 8:06pm Jun 15, 2014 8:06pm
Quoting ZebraSquirl
{quote} Unfortunately, you're right; a long at your entry point was good. Wish I would have gone there ... .
Just lucky, man...nothing more
Hear the music before the song is over ...
1,838 traders viewing now, 3 are registered:
,
Mosfind
,
Price369