Cable Update (GBPUSD) | Page 19702 | 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)

  • #394,021
  • Aug 19, 2014 10:19am Aug 19, 2014 10:19am
Quoting 21vs7
{quote} could be. not buying this yet. tom stuff will provide more information to decide easier. was long uc and uch. slow, closed them could be wrong why you see cad as exception
many ongoing deals between Canada and US...a cheap cad can be useuful to US if they buy resources from Canada
  • #394,022
  • Aug 19, 2014 10:24am Aug 19, 2014 10:24am
Quoting pkreegi
{quote} Yes I considered that, but if the minutes turn bad, It ables to put a tight SL, doesn't it
yes as long as it doesn't spike down before the up make sure your SL isn't too tight it's a tricky play just be willing to lose what you will if market goes against you.
  • #394,023
  • Aug 19, 2014 10:28am Aug 19, 2014 10:28am
if your trading usd cad it has a bearish weekly last week
very liable to wild swings till end of month if no break up ,

Quoting Bones
could be ,usd cad is range bearish imo {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: usd CAD w1 19 (DFB).png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,024
  • Aug 19, 2014 10:31am Aug 19, 2014 10:31am
We are on the lower line of a pitchfork I posted loooong long time ago
I've added some longs there to my previous ones
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 89 KB
  • #394,025
  • Aug 19, 2014 10:37am Aug 19, 2014 10:37am
don't you mean its gone through


Quoting Carlicus
We are on the lower line of a pitchfork I posted loooong long time ago I've added some longs there to my previous ones {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,026
  • Aug 19, 2014 10:39am Aug 19, 2014 10:39am
Quoting Carlicus
We are on the lower line of a pitchfork I posted loooong long time ago I've added some longs there to my previous ones {image}
interesting do you mind sharing what price you bought in at and what your S/L is if you have any?
  • #394,027
  • Aug 19, 2014 10:42am Aug 19, 2014 10:42am
not sure why your making up support poss you want to help my friend hda



Quoting Bones
lets say it close like that ,its highly unlikely it has the power to reverse move {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD d1 19 (DFB).png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,028
  • Aug 19, 2014 10:51am Aug 19, 2014 10:51am
Quoting Bones
don't you mean its gone through {quote}
As you know, pitchforks are not pip-accurate, haha. But you can see that the price has been near the upper line a lot of times, and near the median line a lot of times too. Now for the first time in a year it is near the lower line. I would say it's gone through if the price was 1.64
  • #394,029
  • Aug 19, 2014 10:54am Aug 19, 2014 10:54am
Quoting thegmann
{quote} interesting do you mind sharing what price you bought in at and what your S/L is if you have any?
Thanks I bet you can see my open trades in my trade explorer, can't you? I do not have a fixed SL, it's one of my biggest mistakes I have been robbed too much money because of them. I prefer to monitorize the price action and then I take any actions if needed.
  • #394,030
  • Aug 19, 2014 11:10am Aug 19, 2014 11:10am
Quoting Ck87
Landed right on 200 day ema..
Quoting Hickson
Hmmmm.... last year money was running into gbp because of rate hike speculations ...
Quoting Greener
in my view, the bigger the drop, the higher the chances of an interest rate hike....many are on holiday these days in Uk due to the next bank holiday. Boe may take a good chance to reset things ahead of next big event.
Quoting kweiss10
There are some more news releases from UK and US tomorrow but I don't think there will be anysurprise coming from BoE. Any opinions where this is heading short term and long term?
Quoting a16908
Now more down......... up from here I think
Hi guys, was just going through your posts above, and my take is that the disappointing inflation in GBP would lead to a very very unlikely rate hike tonight. Depends on how Yellen do in Wednesday FOMC and Friday Jackson hole, it's possible GBPUSD will take another dive towards 1.6279-1.6300 zone, high of December 2013.

As far as i see, QE exit in Oct is firm which is dollar bullish in GU although Fed rate hike date would still be a bit too early to ask for at this moment.

Attached Image (click to enlarge)
Click to Enlarge Name: Photo Aug 19, 11 05 20.png Size: 74 KB


Good luck to you all trading the GBP rate and FOMC!
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #394,031
  • Aug 19, 2014 11:47am Aug 19, 2014 11:47am
It's really annoying me how they pushed it above 1.7052 just to fool people like me.

1.7052 area was very important pivotal point. I was so bearish up there…. started up 100 pips shorting that point then they shot it back up to new highs and now it's been going down ever since… such an amazing world this forex is.
  • #394,032
  • Aug 19, 2014 12:11pm Aug 19, 2014 12:11pm
Quoting Ck87
It's really annoying me how they pushed it above 1.7052 just to fool people like me. 1.7052 area was very important pivotal point. I was so bearish up there…. started up 100 pips shorting that point then they shot it back up to new highs and now it's been going down ever since… such an amazing world this forex is.
it caught me too. I start shorting exactly there too and then it went up some 140 pips. and now it looks like there is no floor for this thing. but I think we are not alone in this. looks like though it has happened before with GU.
  • #394,033
  • Aug 19, 2014 12:19pm Aug 19, 2014 12:19pm
Quoting YardiFX
{quote} Well as I have said before you can enter the perfect position in hindsight, HDA went too soon in my opinion...I haven't entered any long positions yet... however this is as bad as I think the pound will fall.... elections next year so I expect some nice governmental policies to prop up the uk economy... which will have a nice effect on the pound... just my opinion
You are correct. Finding a bottom/top is very tough in any market. I try and stay with the trend and hitch a ride on the momentum, but will go counter trend if the factors appear.

Curious part of this recent move, the dollar is gaining strength while equities are surging. One group taking a flight to safety, while other piling into risk assets. Makes me a little cautious. I just took profits on my major equity position, let somebody else hold the bag if things drop, so will only be trading FX for a while.

My point with some of the FF position traders is... it seems like many of them are randomly jumping into counter trend positions hoping things reverse. If you wait for a base to form with a solid H1-H4 reversal pattern, on a 4th to 5th wave of movement decreasing in size, daily indecision candles appear etc....you could increase the probability of catching a turn and at least a run up to a position where you could move your SL to break even. Seems like many traders here prefer jumping in front of a price action freight train.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-19_GU.png Size: 37 KB
  • #394,034
  • Aug 19, 2014 12:30pm Aug 19, 2014 12:30pm
Weekly supports are strong for reverse price? Because now we're at one...
Try don't lose pants never...
  • #394,035
  • Aug 19, 2014 12:36pm Aug 19, 2014 12:36pm
I think equities are retrace ,but jpy needs to wake up ,

Quoting pipster1
{quote} You are correct. Finding a bottom/top is very tough in any market. I try and stay with the trend and hitch a ride on the momentum, but will go counter trend if the factors appear. Curious part of this recent move, the dollar is gaining strength while equities are surging. One group taking a flight to safety, while other piling into risk assets. Makes me a little cautious. I just took profits on my major equity position, let somebody else hold the bag if things drop, so will only be trading FX for a while. My point with some of the FF position...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,036
  • Aug 19, 2014 12:40pm Aug 19, 2014 12:40pm
also aud could help
Attached Image (click to enlarge)
Click to Enlarge Name: aud USD d1 (DFB).png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,037
  • Aug 19, 2014 1:35pm Aug 19, 2014 1:35pm
Another interesting chart in my opinion. It is a weekly chart, where the price is entering the territory of the Slow Guppy Moving Averages (30, 35, 40, 45, 50 and 60 SMA). This hasn't happen in a year, so even if the price can drop more, of course, be careful, since as HDA suggested it could be a zone where big fishes could be loading longs (up to 1.65 more or less)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 86 KB
  • #394,038
  • Aug 19, 2014 1:39pm Aug 19, 2014 1:39pm
Continuing with the Slow Guppy Moving Averages (GMMA), you can see in these weekly long term chart (2001-2008), how well the price responded to the slow GMMA. The chart speaks on its own
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 89 KB
  • #394,039
  • Aug 19, 2014 1:40pm Aug 19, 2014 1:40pm
Gidday GBP/US

Talk about chasing shorts again f&&&&k

Always keep thinking GBP will bounce back soon

bit rude really

taking a dump on my longs
  • #394,040
  • Aug 19, 2014 2:15pm Aug 19, 2014 2:15pm
Quoting PoundTrader
{quote}how you been?
Good thanks PT, how's things your end?
Prac teaching right now and still working nights, so very busy
Come with me if you want to live....
804 traders viewing now