Cable Update (GBPUSD) | Page 19341 | 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)

  • #386,801
  • Jul 11, 2014 5:28pm Jul 11, 2014 5:28pm
Quoting elbert3
Order On 11-Jul-2014 at 22:16:20 (GMT) You order to buy 10 GBPUSD spot @ 1.70665 limit G.T.C. . Front office order id: 56404799 Account: 5589929 i just placed this tp order i dont know if it gets filled but it looks like it has gone,,first time i have done one when closed
i cant close the trade ticket in profit ,market closed,,,, pitty
  • #386,802
  • Jul 11, 2014 5:28pm Jul 11, 2014 5:28pm
Quoting elbert3
Check this out,that has to be some form of market manipulation that 5 min chart,, explain that if your trading the pair,,stop hunting at its best gmt time 21.55 close time 22.00{image}
Check out the 5min chart on Oanda for cable...Does not match up to the 1min chart at all. Why?
  • #386,803
  • Jul 11, 2014 5:28pm Jul 11, 2014 5:28pm
Quoting cspip
{quote} I think the 'proper high' before the spike was 1.7124......its nearly back there now
can you see price trading and where
  • #386,804
  • Jul 11, 2014 5:30pm Jul 11, 2014 5:30pm
Quoting cspip
{quote} I think the 'proper high' before the spike was 1.7124......its nearly back there....theres more activity now than the last 30 mins before the main close !
With what broker? The market closed over an hour ago now.
  • #386,805
  • Jul 11, 2014 5:35pm Jul 11, 2014 5:35pm
Quoting elbert3
{quote} can you see price trading and where
just quick update on BBC news
  • #386,806
  • Jul 11, 2014 5:38pm Jul 11, 2014 5:38pm
Quoting cspip
{quote} just quick update on BBC news
Attached Image (click to enlarge)
Click to Enlarge Name: gbj.png Size: 101 KB
same thing i wonder if stops were taken and profit targets in the zones taken trades
  • #386,807
  • Jul 11, 2014 5:48pm Jul 11, 2014 5:48pm
Quoting elbert3
{quote} {image} same thing i wonder if stops were taken and profit targets in the zones taken trades
even now its going up and down by 10 pips every 2 mins or so between .....24 and ...14
  • #386,808
  • Jul 11, 2014 7:45pm Jul 11, 2014 7:45pm
Quoting JimmyC
{quote} Doji ... {image}
Hi Jimmy,

So if you traded that pattern and we can agree that it is a correction and not a reversal profit target should have been hit and also have an area of interest to look for long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpydaily711.jpg Size: 170 KB
Click to Enlarge Name: gbpjpyh4711.jpg Size: 166 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #386,809
  • Jul 11, 2014 7:57pm Jul 11, 2014 7:57pm
is that not 3 drive on daily ?

Quoting Mr. Scott
{quote} Hi Jimmy, So if you traded that pattern and we can agree that it is a correction and not a reversal profit target should have been hit and also have an area of interest to look for long. {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,810
  • Jul 11, 2014 8:00pm Jul 11, 2014 8:00pm
Quoting Bones
is that not 3 drive on daily ? {quote}
Yes I would consider it as such. But my profit target on a correction would be 61.8 of the last wave.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #386,811
  • Jul 11, 2014 8:11pm Jul 11, 2014 8:11pm
well maybe we should consider dark cloud on weekly ,= high probability ,
coming off top of range
close under monthly open ,
that the target will be bottom of the pattern ?
is that possible with 3 drive ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp jpy d1 JPY (DFB).png Size: 44 KB
Click to Enlarge Name: gbp JPY monthly (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,812
  • Jul 11, 2014 8:15pm Jul 11, 2014 8:15pm
then also monthly would be bearish depending on the speed of that move ,
lets not forget that lovely engulfing already there
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,813
  • Jul 11, 2014 8:33pm Jul 11, 2014 8:33pm
regarding gbp cad ,i see bearish consolidation at this time , , but long is the way to go
Attached Image (click to enlarge)
Click to Enlarge Name: CAD (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,814
  • Jul 11, 2014 8:38pm Jul 11, 2014 8:38pm
Quoting Bones
well maybe we should consider dark cloud on weekly ,= high probability , coming off top of range close under monthly open , that the target will be bottom of the pattern ? is that possible with 3 drive ? {image} {image}
Unfortunately, a three drive pattern can be a reversal or correction pattern. The next profit target would be the 1.27 extension then 1.618 which could get you near the bottom of pattern. To me, pattern is evolving and still needs to observed. I would expect different people to have different rules. We have paused at a natural place on monthly. I mark areas of interest and then observe reaction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpymonthly711.jpg Size: 162 KB
Click to Enlarge Name: usdjpydaily711.jpg Size: 141 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #386,815
  • Jul 11, 2014 8:40pm Jul 11, 2014 8:40pm
support will go uj ,just compare gbp jpy and gbp usd w1 ,if you add pa to your own analises you can probably come to my own conclusion

Quoting Mr. Scott
{quote} Unfortunately, a three drive pattern can be a reversal or correction pattern. The next profit target would be the 1.27 extension then 1.618 which could get you near the bottom of pattern. To me, pattern is evolving and still needs to observed. I would expect different people to have different rules. We have paused at a natural place on monthly. I mark areas of interest and then observe reaction. {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,816
  • Jul 11, 2014 8:45pm Jul 11, 2014 8:45pm
uj
Attached Image (click to enlarge)
Click to Enlarge Name: 1 JPY (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,817
  • Jul 11, 2014 8:48pm Jul 11, 2014 8:48pm
I think your very good at this btw ,thanks for your help on if its 3 drive


Quoting Mr. Scott
{quote} Unfortunately, a three drive pattern can be a reversal or correction pattern. The next profit target would be the 1.27 extension then 1.618 which could get you near the bottom of pattern. To me, pattern is evolving and still needs to observed. I would expect different people to have different rules. We have paused at a natural place on monthly. I mark areas of interest and then observe reaction. {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,818
  • Jul 11, 2014 8:49pm Jul 11, 2014 8:49pm
Quoting Bones
support will go uj ,just compare gbp jpy and gbp usd w1 ,if you add pa to your own analises you can probably come to my own conclusion {quote}
Yes there are patterns within patterns. Some levels are good just for a bounce. And yes, it always comes down to PA at areas of interest.

E.G.


Edit:

Quoting Bones
I think your very good at this btw ,thanks for your help on if its 3 drive {quote}
You are welcome, good discussion.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily7112.jpg Size: 152 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #386,819
  • Jul 11, 2014 10:47pm Jul 11, 2014 10:47pm
Quoting braintheboss
I see a 100 pips gap in 1.81 in MN1 chart...is possible that the gap be closed?
Can you please post a screen shot of what you mean. The price has not reached 1.81 for some time
Second star to the right, and straight on 'til morning
  • #386,820
  • Jul 12, 2014 1:45am Jul 12, 2014 1:45am
Quoting Davit
{quote} You could be right but my MBtrading account has commission free trading.Only pay the spread.Spread same on most. Nothing freezes and no re-quotes
My broker(MFI forex)started collecting commission on every new position I opened despite their outrageous spreads.imagine a 4pips spread on GU,yet they will still collect commision.they started this commission of a thing since last week.But old positions that I have since june 6th are still commission free.could it be its because I rarely lose since I started trading with them?cos I ve won 91.38% of all my trades.Soon as I close the remaining positions,I ll withdraw all my money and then focus on my Alpari account.
323 traders viewing now, 1 is registered:
F.g