Cable Update (GBPUSD) | Page 20093 | 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)

  • #401,841
  • Oct 5, 2014 11:11am Oct 5, 2014 11:11am
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 158 KB
Enter Signature
  • #401,842
  • Oct 5, 2014 11:26am Oct 5, 2014 11:26am
Quoting darrenware
{image}
Strange.... where ddoes that monthly trendline start? cuz all i see in the chart is only 1 point of reference up at 120 area....
and with US considering reducing money supply..... that monthly supply is in danger of some serious breakout.....

i mean think about it... the USDX fell hard around 2003 which coincides the big surge in cheap credit.... imagine all these credit drying up as a result of rising interest rates?.....
i see us going back to 120 in the next 5 or so years...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,843
  • Oct 5, 2014 11:40am Oct 5, 2014 11:40am
Quoting fxtyrant
{quote} Strange.... where ddoes that monthly trendline start? cuz all i see in the chart is only 1 point of reference up at 120 area.... and with US considering reducing money supply..... that monthly supply is in danger of some serious breakout..... i mean think about it... the USDX fell hard around 2003 which coincides the big surge in cheap credit.... imagine all these credit drying up as a result of rising interest rates?..... i see us going back to 120 in the next 5 or so years...
Fxtyrant a larger view is below, I can see cable has plenty to go down yet. I have an put option that expires this Friday (1.5950) so I want it to DROP!

I'm just conscious of this. You seem far more experienced than me so happy to hear your thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 157 KB
Enter Signature
  • #401,844
  • Oct 5, 2014 12:54pm Oct 5, 2014 12:54pm
Quoting fxtyrant
{quote} Strange.... where ddoes that monthly trendline start? cuz all i see in the chart is only 1 point of reference up at 120 area.... and with US considering reducing money supply..... that monthly supply is in danger of some serious breakout..... i mean think about it... the USDX fell hard around 2003 which coincides the big surge in cheap credit.... imagine all these credit drying up as a result of rising interest rates?..... i see us going back to 120 in the next 5 or so years...
That would be nice if the US economy kept on expanding at a growing rate over the next five years without QE, but I find it hard to understand exactly how that's going to happen in reality. I suspect final GDP figures for 2014 are going to show a weak recovery at best, with the 2nd quarter possibly the strongest quarter of the year, given that the same recovery is based on cheap credit and low/near zero rates. Once you take that cheap credit away,what is going to happen to the US economy, which even now still shows signs of weakness and instability from time to time? The bond market does not seem to be really buying into the recovery story with 10 year yields still way below pre-crisis levels and if those yields were to start creeping up, I think the FED would be going back very quickly to a very dovish rethoric....
  • #401,845
  • Oct 5, 2014 1:02pm Oct 5, 2014 1:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 62 KB
levels to watch
  • #401,846
  • Oct 5, 2014 3:42pm Oct 5, 2014 3:42pm
Gidday Traders


My chart is looking pretty good for a change

Ditched the lemons

just need to catch the right bus.

Better go easy on the revenge trades

down a few weeks profit
Attached Image
  • #401,847
  • Oct 5, 2014 7:50pm Oct 5, 2014 7:50pm
Good Morning Guys... Hope you had a wonderful weekend. Another trading week before us. Ive been reading excessively about how cable is going to perform this week. The pair is just on a wave of 20-30pips bearish and bullish movements since market open today. Fxtyrant what are your predictions and expectations for today's close rate since there isn't any major news until tmrw...
  • #401,848
  • Oct 5, 2014 10:08pm Oct 5, 2014 10:08pm
hey guys, was gone most of last week from Wednesday till today so sadly missed the bulk of this downtrend continuation. Looks like shorts from 1.62500 area would of put me in a nice profit but ah well life called. Level to watch now is 1.59000 obviously huge support level and I would expect some bounce from these level will be setting up small longs from here and then continue to sell the retraces on the way down to 1.58-1.578 levels.

Setting short at 1.60 s/l 1.60350 tp open toward 1.59
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 55 KB
Click to Enlarge Name: Image2.png Size: 65 KB
Click to Enlarge Name: Image3.png Size: 43 KB
  • #401,849
  • Oct 5, 2014 11:50pm Oct 5, 2014 11:50pm
Quoting GrowthHack
{image} i added 200 pips TP or BE in 0 <img src="http://assets.forexfactory.net/images/smilies/yim/happy.gif" border="0" alt="" title="Smile" smilieid="82" class="inlineimg" />
https://charts.mql5.com/5/868/gbpusd...nvestments.png

more than 200 pips down before

where is next GU area ?
  • #401,850
  • Oct 5, 2014 11:57pm Oct 5, 2014 11:57pm
Quoting poseikwame
Good Morning Guys... Hope you had a wonderful weekend. Another trading week before us. Ive been reading excessively about how cable is going to perform this week. The pair is just on a wave of 20-30pips bearish and bullish movements since market open today. Fxtyrant what are your predictions and expectations for today's close rate since there isn't any major news until tmrw...
Intraday pull backs are possible, however i am expecting GBPUSD to reach 1.5820 area by end of this week.

Bias remains short on rallies.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,851
  • Oct 6, 2014 12:07am Oct 6, 2014 12:07am
Quoting GrowthHack
{quote} {image} more than 200 pips down before where is next GU area ?
ouch you bro...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,852
  • Oct 6, 2014 12:11am Oct 6, 2014 12:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 58 KB
morning looking to break out of either lines 6045 or even 620 area .before continuing down but also watch out for a continuing move without any retrace
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 62 KB
  • #401,853
  • Oct 6, 2014 12:24am Oct 6, 2014 12:24am
Quoting elbert3
{image} morning looking to break out of either lines 6045 or even 620 area .before continuing down but also watch out for a continuing move without any retrace {image}
still falling but I would place my trade later this evening
  • #401,854
  • Oct 6, 2014 12:44am Oct 6, 2014 12:44am
Quoting fxtyrant
{quote} ouch you bro...
down below 1.6051 wasn't expected but weekend rally
  • #401,855
  • Oct 6, 2014 1:09am Oct 6, 2014 1:09am
Quoting GrowthHack
{quote} down below 1.6051 wasn't expected but weekend rally
for me it is WELL expected... heck im short since 1.6250.... taken profit on half my position at 1.6088 then now i got SL at BE+10 and now targeting 1.5820
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,856
  • Oct 6, 2014 1:34am Oct 6, 2014 1:34am
cant wait for touch of 1.60 before more down down down. Damn if only I was at my comp on the 2nd for that double test of 1.625 doh especially going into the us data Friday picked wrong end of the week to miss.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 84 KB
  • #401,857
  • Edited 1:55am Oct 6, 2014 1:39am | Edited 1:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 53 KB

5968 looks to be hard to get throu on the 5 min,,scalping today
  • #401,858
  • Oct 6, 2014 3:02am Oct 6, 2014 3:02am
short 1.5966 @ , sl & rev. 1.5980 , tp: 1.5926
Hear the music before the song is over ...
  • #401,859
  • Oct 6, 2014 3:20am Oct 6, 2014 3:20am
Quoting GlobalMacro
short 1.5966 @ , sl & rev. 1.5980 , tp: 1.5926
Today its going UP to 1.603xx
A good trader follows his rules, but great trader knows when to break them
  • #401,860
  • Oct 6, 2014 3:35am Oct 6, 2014 3:35am
Quoting ill_be_back
{quote} Today its going UP to 1.603xx
If sl hit , I'll buy.
Hear the music before the song is over ...
265 traders viewing now, 4 are registered:
bolivarfx
,
CPUmice
,
saidi01
,
tescofire