Cable Update (GBPUSD) | Page 19166 | 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)

  • #383,301
  • Jun 20, 2014 1:50pm Jun 20, 2014 1:50pm
Quoting JimmyC
{quote} Target achieved buy limit triggered at target Technical pattern DT 1.706, have a good weekend. {image}
Trade confirmation
On 20-Jun-2014 at 18:45:30 (GMT)
You bought GBPUSD @ 1.70132 for value date 24-Jun-2014
Front office position id: 139154454
Account: SL 703 TP SCALP 20 PIPS 7026 LOOKS LIKE RESISTANCE
  • #383,302
  • Jun 20, 2014 1:59pm Jun 20, 2014 1:59pm
Quoting JimmyC
{quote} Target achieved buy limit triggered at target Technical pattern DT 1.706, have a good weekend. {image}
mine are waiting, lower one confirms 1.7150 I would bail after 1.6950
Attached Image (click to enlarge)
Click to Enlarge Name: pound.jpg Size: 67 KB
swing it!
  • #383,303
  • Jun 20, 2014 2:17pm Jun 20, 2014 2:17pm
Hi Tom bulls must hold that number you have 16996 on mine ,if we break below really think buys would be risky ,especially as daily without doubt would be bear ,


Quoting tomspin
{quote} mine are waiting, lower one confirms 1.7150 I would bail after 1.6950 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,304
  • Jun 20, 2014 2:34pm Jun 20, 2014 2:34pm
With the pressure, i think we will see a 1.8 very soon
The fragrance remains in the hands of those that gves the rose
  • #383,305
  • Jun 20, 2014 2:46pm Jun 20, 2014 2:46pm
Quoting Bones
Hi Tom bulls must hold that number you have 16996 on mine ,if we break below really think buys would be risky ,especially as daily without doubt would be bear , {quote} {image}
None the less, for now... just an inside day

Attached Image
  • #383,306
  • Jun 20, 2014 3:01pm Jun 20, 2014 3:01pm
Quoting deltaone
{quote} ok: i´ll try: long @1,7009 sl 1,6979
taking this long over week-end. allez les blues - a votre sante!
fortis fortuna adiuvat
  • #383,307
  • Jun 20, 2014 3:28pm Jun 20, 2014 3:28pm
Seems to me that there a few inside day red candle s on your chart that proved effective
I do see your trade long mind ,


Quoting JimmyC
{quote} None the less, for now... just an inside day {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,308
  • Jun 20, 2014 3:33pm Jun 20, 2014 3:33pm
got life & hit min good target 7042 & next what ? shoul be satisfied enough , even 7443 ok too but that can be done a little while , expecting 6920 breaks for 6777 limit test first . No breaks then go further top , breaks this limit then correct up towards present top to correct deep down or even great failure likely..so even in strong up now my favourite to down side next .
Take care . see you all next week.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 37 KB
Click to Enlarge Name: gbpusdh1.png Size: 30 KB
Click to Enlarge Name: gbpusdweekly.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #383,309
  • Jun 20, 2014 3:36pm Jun 20, 2014 3:36pm
this monthly puppys not dead yet a Nav ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxmonthly 20 june.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,310
  • Jun 20, 2014 3:46pm Jun 20, 2014 3:46pm
Quoting Bones
Hi Tom bulls must hold that number you have 16996 on mine ,if we break below really think buys would be risky ,especially as daily without doubt would be bear , {quote} {image}
Hey Tony, just added some numbers from cot to my cells, there is both increase on the bull side with reduction in bear side, specs buying more and hedgers reduce their longs, this one still got power. I want to sell it but I won't do it against futures.
On the totally different cross from mars - usd/rub just entered another leg up, great opportunity if one can trade EM and afford the spread
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cot pound.jpg Size: 128 KB
Click to Enlarge Name: cot rub.jpg Size: 113 KB
Click to Enlarge Name: usdrubdaily.png Size: 26 KB
swing it!
  • #383,311
  • Jun 21, 2014 3:48am Jun 21, 2014 3:48am
Hi Tom ,really I have no idea about cot , only I think that information is already on chart ,
I won't use monthly cause its driving me mad ,I agree that cable is indeed on a uptrend ,but stick to top of range ,Ive been trying to pick up something harsh to downside and waiting for weakness ,but I've had to be on my toes ,
but also the ugliness of up move so have bulls ,
I'm reading these last 3 , 2 month candles as weakness ,but equally could just be bulls fighting extreme res,



Quoting tomspin
{quote} Hey Tony, just added some numbers from cot to my cells, there is both increase on the bull side with reduction in bear side, specs buying more and hedgers reduce their longs, this one still got power. I want to sell it but I won't do it against futures. On the totally different cross from mars - usd/rub just entered another leg up, great opportunity if one can trade EM and afford the spread {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 2 month (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,312
  • Jun 21, 2014 4:37am Jun 21, 2014 4:37am
Quoting Bones
Hi Tom ,really I have no idea about cot , only I think that information is already on chart , I won't use monthly cause its driving me mad ,I agree that cable is indeed on a uptrend ,but stick to top of range ,Ive been trying to pick up something harsh to downside and waiting for weakness ,but I've had to be on my toes , but also the ugliness of up move so have bulls , I'm reading these last 3 , 2 month candles as weakness ,but equally could just be bulls fighting extreme res, {quote} {image}
Hey Tony, Thanks for this chart bro.

It always amazes me no matter how long I stare at a chart, someone throws one up and suddenly I see something I didn't before and it's usually obvious. The second I saw yours here it struck me. Whenever we have a turn, or continuation in direction we see the obvious struggle between bulls and bears in the form of large and/or many wicks both top and bottom.

Obviously I'm short here and plan to look closely around the 6900ish level for signs if we get there. But I just noticed with the exception of twice (Blue box) and now at this level we see those wicks. What I see on this approach looks like a steady, well structured climb and the majority of wicks at the bottom which tells me buyers.
The monthly candles here are small which like you, had me thinking weak. But is it? Or is it just the reduced volume/volatility of this market the past year?

I think I'll watch things a bit more closely after this.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmmonthly.png Size: 65 KB
Ghost Rider - WWTBMD?
  • #383,313
  • Jun 21, 2014 4:44am Jun 21, 2014 4:44am
Hi Chris
Yea I agree ,the last box looks very stong for bulls ,also could be the fact that bear candles are then taken straight off bat as very bullish ,
to me its not been easy read on monthly at all ,but overall consolidation zones which monthly is have a tendency to turn on a penny once bulls or bears happy number reached ,
im looking same level for 1.6900 ,im thinking we got good chance to make ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,314
  • Jun 21, 2014 4:56am Jun 21, 2014 4:56am
ive been charting Cad which has been sold off very heavily ,now at very stong support and looking bullish ,
Attached Image (click to enlarge)
Click to Enlarge Name: cadlfxmonthly 21 june.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,315
  • Jun 21, 2014 5:05am Jun 21, 2014 5:05am
Quoting Bones
Hi Chris Yea I agree ,the last box looks very stong for bulls ,also could be the fact that bear candles are then taken straight off bat as very bullish , to me its not been easy read on monthly at all ,but overall consolidation zones which monthly is have a tendency to turn on a penny once bulls or bears happy number reached , im looking same level for 1.6900 ,im thinking we got good chance to make ,
I agree completely. With another week in this month we could end up seeing a much larger upper wick than lower if we just hit 6900 by month's end. Although it would still close higher than April's close (at it's high in fact), it would now be 2 months in a row with larger top wicks. Of course if we get the classic cable tank this week well then.......lol

I agree, I think 6930/00 if not more is well within reach from here.
Ghost Rider - WWTBMD?
  • #383,316
  • Jun 21, 2014 5:31am Jun 21, 2014 5:31am
Looking at highest open or closing price on monthly cable we see that the highest open price set in 2008 has been breached at 1.6858. Buy if it gets back here.

Big area of support at the end of 2005 which was breached. Sell 1.7220 - bull trend could end here??
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.png Size: 97 KB
  • #383,317
  • Jun 21, 2014 6:18am Jun 21, 2014 6:18am
Quoting slimcat
Looking at highest open or closing price on monthly cable we see that the highest open price set in 2008 has been breached at 1.6858. Buy if it gets back here. Big area of support at the end of 2005 which was breached. Sell 1.7220 - bull trend could end here?? {image}
I think it's possible the bull trend could end in either area or not at all. That said, in my humble opinion and from my purely TA view, I have to accept the fact the bull trend is still fully intact and any selling as of now should be treated as a retrace or counter trend trade.

So for me, I'm selling from an obvious SR, to an obvious SR as I see them at any time with the thought of buying back the trend depending on PA when/if we get to lower SR. As I can't and won't predict, that's the best I can personally do.
Ghost Rider - WWTBMD?
  • #383,318
  • Jun 21, 2014 6:39am Jun 21, 2014 6:39am
Strictly TA as well, maybe a revisit to the 169.20 area before trend continuation
Attached Image (click to enlarge)
Click to Enlarge Name: GU BEARISH CRAB.jpg Size: 185 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #383,319
  • Jun 21, 2014 6:55am Jun 21, 2014 6:55am
Quoting albchr
{quote} I think it's possible the bull trend could end in either area or not at all. That said, in my humble opinion and from my purely TA view, I have to accept the fact the bull trend is still fully intact and any selling as of now should be treated as a retrace or counter trend trade. So for me, I'm selling from an obvious SR, to an obvious SR as I see them at any time with the thought of buying back the trend depending on PA when/if we get to lower SR. As I can't and won't predict, that's the best I can personally do.

yeah agreed.

I don't like to predict lol but I think 1.72 will get hit soon, if it hits 1.71 before 1.6860 then I will short it and short again at 1.72
  • #383,320
  • Jun 21, 2014 7:12am Jun 21, 2014 7:12am
Quoting nAVIN2007
{quote} I know bro..I like this place too..its fun and at times u interact with great people, Id love to contribute like i used too but im in very deep under water right now and im trying to take my mind away from trading altogether so i can hold this damn position
290 traders viewing now, 3 are registered:
,
sam3234
,
RSdecompose