Cable Update (GBPUSD) | Page 19186 | 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)

  • #383,701
  • Jun 25, 2014 9:01am Jun 25, 2014 9:01am
Quoting elbert3
{quote} 172.899 that me ,,well done on the ton ,,lol
Trade confirmation
On 25-Jun-2014 at 13:59:14 (GMT)
You sold XAUUSD @ 1318.24 for value date 27-Jun-2014
Front office position id: 139437303
Account:

thats worth a shot
  • #383,702
  • Jun 25, 2014 9:01am Jun 25, 2014 9:01am
Quoting Steve J
I can't understand why GBP needs to be so strong. Surely this will be hurting British exports. Carney has no choice but to talk it down unless we're caught in a chest-beating exercise for posterity. Pound Sterling is ever-truculent now and wants to hover around 1.70xxx. Maybe it is a veiled attempt at presenting itself as a viable major reserve currency.

It was a buy all the way to 1.7040-1.7050, that's what the market showed us and the market is never wrong.

Had all the bears waited for that level they'd be in profit now and would have never lost a cent.

But that's not how things work and usually when mkts top or bottom 75-80% are on the right side at that extreme scenario, of course after having lost heaps of cash, and then they fight the new trend not long after it starts and fail to compensate on the gains of the new trend

This may or may not be the scenario we are now seeing on GU, who knows maybe it'll go to 1.8

Has been a nutty ride up though.
  • #383,703
  • Jun 25, 2014 9:03am Jun 25, 2014 9:03am
I think the upper trend-line on the I hr chrt will hold, moreso .704 is strong SR.
until BOE jibes tomorow. Should go down little before then.
  • #383,704
  • Jun 25, 2014 9:21am Jun 25, 2014 9:21am
Quoting Ck87
{quote} It was a buy all the way to 1.7040-1.7050, that's what the market showed us and the market is never wrong. Had all the bears waited for that level they'd be in profit now and would have never lost a cent. But that's not how things work and usually when mkts top or bottom 75-80% are on the right side at that extreme scenario, of course after having lost heaps of cash, and then they fight the new trend not long after it starts and fail to compensate on the gains of the new trend This may or may not be the scenario we are now seeing on GU,...
lets see when that level comes. I will be selling huge over there. I don't think it is coming soon. beware of 4pm expiry. it may get knocked off by 10-15 pips
  • #383,705
  • Jun 25, 2014 9:24am Jun 25, 2014 9:24am
some stops above 1.7000 could be interesting , I am building another short position from here towards 6920/30.
Get Rich or Die Tryin
  • #383,706
  • Jun 25, 2014 9:30am Jun 25, 2014 9:30am
Max, the bulls will have no power beyond 7025.
Intraday only.
  • #383,707
  • Jun 25, 2014 9:35am Jun 25, 2014 9:35am
its the loose cannon that is USD not GBP ,tho you gotta say BOE dont seem to mind ,


Quoting Steve J
I can't understand why GBP needs to be so strong. Surely this will be hurting British exports. Carney has no choice but to talk it down unless we're caught in a chest-beating exercise for posterity. Pound Sterling is ever-truculent now and wants to hover around 1.70xxx. Maybe it is a veiled attempt at presenting itself as a viable major reserve currency.
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxweekly 25 june.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,708
  • Jun 25, 2014 9:37am Jun 25, 2014 9:37am
i agree 7031 is my max ,temped to short but ill wait a bit

Quoting navk
Max, the bulls will have no power beyond 7025.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,709
  • Jun 25, 2014 9:42am Jun 25, 2014 9:42am
Quoting Bones
i agree 7031 is my max ,temped to short but ill wait a bit {quote}
... While I wish I held my 7045 and above, I'm not crying over the profit from them. Can always start building more.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #383,710
  • Jun 25, 2014 9:46am Jun 25, 2014 9:46am
Quoting Bones
i agree 7031 is my max ,temped to short but ill wait a bit {quote}

I am also watching the current price 1.700 area supply area.
Intraday only.
  • #383,711
  • Jun 25, 2014 9:52am Jun 25, 2014 9:52am
Could def work out ,h1 shaped nice at mo ill wait for h4 ,


Quoting albchr
{quote} ... While I wish I held my 7045 and above, I'm not crying over the profit from them. Can always start building more. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h4 25 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,712
  • Jun 25, 2014 9:52am Jun 25, 2014 9:52am
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 114 KB
we need it to go through 6979 to keep going short a bounce there it will go long off the emas
  • #383,713
  • Jun 25, 2014 9:54am Jun 25, 2014 9:54am
It is not yet time to sleep. From the chart, GBP will exceed its current high of 1.70041 (Oanda & MFI) before the end of the day. It is almost as if it has found a lost child. Hugging and kissing that 1.7xxxx as if there is no tomorrow! It has been at least five years since Pound Sterling has been able to attain such dizzy heights. So bears will have to bear the unbearable. The Sterling Bull is charging and only Carney the Matador can stop it.
  • #383,714
  • Jun 25, 2014 9:55am Jun 25, 2014 9:55am
Good day,

A rise on the daily is preferred now to enable short opportunity later. My opinion only. Will see what the next day or 2 brings. No trade at present.May build short if we breach top of channel.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 60 KB
  • #383,715
  • Jun 25, 2014 9:58am Jun 25, 2014 9:58am
Quoting Bones
Could def work out ,h1 shaped nice at mo ill wait for h4 , {quote} {image}
Yep not a bad idea. If it rises more I'll add unless it takes out 7026/30 solidly.

Anyway gotta run folks. Enjoy!
Ghost Rider - WWTBMD?
  • #383,716
  • Jun 25, 2014 10:00am Jun 25, 2014 10:00am
GU 1H

I would be very uncomfortable, if I were an intraday bull

Flat sided triangle broke south, neg US news was capped @ S/R point, I believe the bears still have this and I suspect that there is a longer term change in trend beginning to show its face.

Till then the technical uptrend must be respected so approach with caution, but the risk is to the downside
Attached Image
  • #383,717
  • Jun 25, 2014 10:01am Jun 25, 2014 10:01am
Quoting giveachance
{quote} lets see when that level comes. I will be selling huge over there. I don't think it is coming soon. beware of 4pm expiry. it may get knocked off by 10-15 pips
didn't I say this?????
  • #383,718
  • Jun 25, 2014 10:03am Jun 25, 2014 10:03am
Attached Image (click to enlarge)
Click to Enlarge Name: fs.PNG Size: 27 KB
  • #383,719
  • Jun 25, 2014 10:04am Jun 25, 2014 10:04am
Quoting JimmyC
GU 1H I would be very uncomfortable, if I were an intraday bull Flat sided triangle broke south, neg US news was capped @ S/R point, I believe the bears still have this and I suspect that there is a longer term change in trend beginning to show its face. Till then the technical uptrend must be respected so approach with caution, but the risk is to the downside {image}
No emotions, just trade
  • #383,720
  • Jun 25, 2014 10:05am Jun 25, 2014 10:05am
"But I can tell you that after the market began to go my way, I felt for the first time in my life that I had allies- the strongest and truest in the world: underlying conditions"
236 traders viewing now, 2 are registered:
bosti
,
ericis