Cable Update (GBPUSD) | Page 19546 | 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)

  • #390,901
  • Aug 1, 2014 10:50am Aug 1, 2014 10:50am
Worried about GU , not acting right
  • #390,902
  • Aug 1, 2014 10:54am Aug 1, 2014 10:54am
Quoting Ck87
Worried about GU , not acting right
Attached Image (click to enlarge)
Click to Enlarge Name: gbjy.png Size: 106 KB
??? day chart note the time
  • #390,903
  • Aug 1, 2014 10:56am Aug 1, 2014 10:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 97 KB
stil not over would any body comment ???
  • #390,904
  • Aug 1, 2014 10:57am Aug 1, 2014 10:57am
Quoting ill_be_back
{quote} Me too IN @ 172.508
Might get kick out

Attached Image
  • #390,905
  • Aug 1, 2014 10:58am Aug 1, 2014 10:58am
idk just seems like somethings wrong… its gotta be accumulation for a big up move or it's gonna hunt stops and make a new low today/monday

maybe both

definitely should not still be down here at 1.6831 it should be 1.6850 by now.. seems that way at least
  • #390,906
  • Aug 1, 2014 11:00am Aug 1, 2014 11:00am
Quoting Ck87
idk just seems like somethings wrong… its gotta be accumulation for a big up move or it's gonna hunt stops and make a new low today/monday maybe both definitely should not still be down here at 1.6831 it should be 1.6850 by now.. seems that way at least
gbcad look
  • #390,907
  • Aug 1, 2014 11:03am Aug 1, 2014 11:03am
Quoting Ken A
{quote} Might get kick out {image}
I am still in but will close manually if it goes any lower
A good trader follows his rules, but great trader knows when to break them
  • #390,908
  • Aug 1, 2014 11:03am Aug 1, 2014 11:03am
Quoting Ck87
idk just seems like somethings wrong… its gotta be accumulation for a big up move or it's gonna hunt stops and make a new low today/monday maybe both definitely should not still be down here at 1.6831 it should be 1.6850 by now.. seems that way at least
could dump 50 pips its like it is warming up lol
  • #390,909
  • Aug 1, 2014 11:03am Aug 1, 2014 11:03am
Probably seen the highs of day ,, would be surprised if we don't break lower than 1.6820 again soon.
  • #390,910
  • Aug 1, 2014 11:04am Aug 1, 2014 11:04am
looking at UJ and GJ you can see that YEN is getting quite strong at the moment. The GBP is also very weak and falling if you look at GJ and GU movement. So basically the USD looks like its maintaining its position. I actually have no idea what this means that people are going to YEN at this time on a Friday.
  • #390,911
  • Aug 1, 2014 11:04am Aug 1, 2014 11:04am
Quoting elbert3
{quote} could dump 50 pips its like it is warming up lol

Likely to be supported at 6800
  • #390,912
  • Aug 1, 2014 11:10am Aug 1, 2014 11:10am
Quoting Ck87
{quote} Likely to be supported at 6800
dont know 30 to this thing is a mere Bagatelle
  • #390,913
  • Aug 1, 2014 11:14am Aug 1, 2014 11:14am
the next one is the big week for the cable

should consolidate until next Tuesday at least
the approximate present does not approximately determine the future
  • #390,914
  • Aug 1, 2014 11:19am Aug 1, 2014 11:19am
Quoting Ken A
{quote} Likely to close manual not waiting stop hit if this keeps goin {image}
Looks like S&P may have bottomed for day just now
  • #390,915
  • Aug 1, 2014 11:20am Aug 1, 2014 11:20am
Quoting Ken A
{quote} Likely to close manual not waiting stop hit if this keeps goin {image}
I am seeing it back up to 173.000 before any more DOWN, But have my SL 3 Below Today's LOW
A good trader follows his rules, but great trader knows when to break them
  • #390,916
  • Aug 1, 2014 11:22am Aug 1, 2014 11:22am
Quoting Ck87
{quote} Looks like S&P may have bottomed for day just now
Friday, End of Week and Month nothing will be a surprise
  • #390,917
  • Aug 1, 2014 11:23am Aug 1, 2014 11:23am
Quoting Ken A
{quote} Friday, End of Week and Month nothing will be a surprise
This is true
  • #390,918
  • Aug 1, 2014 11:26am Aug 1, 2014 11:26am
ES almost down 80pts in 7 days.. wow
Pecuniae obediunt omnia
  • #390,919
  • Aug 1, 2014 11:43am Aug 1, 2014 11:43am
From what I'm seeing Dollar should be weak this coming week….. probably a bit choppy though. Still think GBP should be the strongest.

GBP just hasn't picked up the momentum yet… EUR and NZD seem to have..
  • #390,920
  • Aug 1, 2014 11:48am Aug 1, 2014 11:48am
Traders

GBP/USD

1.6850 - Immediate Resistance
1.6806 -We have arrived at a line of support
1.6755 -Next line of support

1.6730 - Buyers (position traders) will start to position themselves
1.6500 - Buyers will hold and add buy positions to as far as this price level.

Between 1.6730 and 1.6500 buyers (position traders) not day traders will be looking for long entry


There are no GBP/USD Option Expiry for Monday, August 4, 2014



GBP/USD will continue to fall on Sunday thru to Monday.


Therefore

I

Repeat


Between 1.6730 and 1.6500 buyers (position traders) not day traders will be looking for long entry



This point of view with the wide ranges I have just shared with you, is from a position traders point of view and not a day traders point of view, so evidently, a day trader will be confused but a position trader will clearly understand this.

Just like I scaled in for the retrace going minus 145pips in the red before seeing green - so I will scaling into this GBP/USD long between the range of 1.6730 and 1.6500 - So again - I may be in the red, before seeing green again


WHY THIS APPROACH?

When I start scaling in, even though it may go against me and I will be in the red, I will start to earn positive swaps again to offset my GBP/CAD long trade - so again I am managing my expense for holding the GBP/CAD trade to 1.9000.

Once again this is MY TRADING PLAN - that I am freely sharing - but again it is my MY TRADING PLAN -

Create Your Own Plan

Trade Your Own Plan

This Is My Plan



Please read VERY IMPORTANT post
http://www.forexfactory.com/showthre...53#post7644653



HDA OUT
892 traders viewing now