Cable Update (GBPUSD) | Page 20830 | 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)

  • #416,581
  • Jun 18, 2015 2:14am Jun 18, 2015 2:14am
Quoting Davit
{quote} You are under assumption that 59 is next.Kind of doubted since I anticipate poor retail sales sending this to 5750-57 before any move to 59 As always market is king. Regards
Retail sales its sweet deadlly ambush for traders. Expecting very bad retai sales? I dont trade fundamentals its not working. Look at two green weekly candles.
Huge BUY from 5220. I think its deadlly now to short expecting some 100 points. Risk huge reward?
  • #416,582
  • Jun 18, 2015 2:16am Jun 18, 2015 2:16am
When GU was at 5600 i told to not short and now 5850 was the max yeasterday. Wait for 5900 as minimum or better 6000
  • #416,583
  • Jun 18, 2015 2:22am Jun 18, 2015 2:22am
Quoting Trader88q
When GU was at 5600 i told to not short and now 5850 was the max yeasterday. Wait for 5900 as minimum or better 6000
All true but Feds meeting was crucial pushing cable up.Yes candles tell a story but they can't predict future.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #416,584
  • Jun 18, 2015 2:25am Jun 18, 2015 2:25am
1.5840 is a good time to short. tp1.5658

good luck trading.
  • #416,585
  • Jun 18, 2015 3:13am Jun 18, 2015 3:13am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 154 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 131 KB
wait and look for the bear divergence after finishing 5 in 3 ORC
  • #416,586
  • Jun 18, 2015 3:57am Jun 18, 2015 3:57am
so finishing 5 w 3or C
  • #416,587
  • Jun 18, 2015 5:17am Jun 18, 2015 5:17am
Quoting GrowthHack
5930 is the destination or it will stay at 5760 if retrace. {image}
successfully reached at the destination 5930
  • #416,588
  • Jun 18, 2015 5:28am Jun 18, 2015 5:28am
Quoting Ksth
1.5840 is a good time to short. tp1.5658 good luck trading.
Can you see any signs of short move?????????????????? Any??????????????
Ok ....it may look overbought ...but there is no even one small signal to short it.
On Daily the Head and Shoulder pattern formed.
Please people...stop HOPING FOR A SHORT UNLESS THERE IS A SIGNIFICANT SIGN TO DO IT!
  • #416,589
  • Jun 18, 2015 5:32am Jun 18, 2015 5:32am
Quoting draghiquinn
{quote} Can you see any signs of short move?????????????????? Any?????????????? Ok ....it may look overbought ...but there is no even one small signal to short it. On Daily the Head and Shoulder pattern formed. Please people...stop HOPING FOR A SHORT UNLESS THERE IS A SIGNIFICANT SIGN TO DO IT!
Perhaps, there isnt any sign of a short but I would consider it very risky to put longs at these rates. I was long myself but I exited them before FOMC. Now I am short and I dont think its a smart move to enter into new longs when we are at highs.
  • #416,590
  • Jun 18, 2015 5:34am Jun 18, 2015 5:34am
Quoting draghiquinn
{quote} Can you see any signs of short move?????????????????? Any?????????????? Ok ....it may look overbought ...but there is no even one small signal to short it. On Daily the Head and Shoulder pattern formed. Please people...stop HOPING FOR A SHORT UNLESS THERE IS A SIGNIFICANT SIGN TO DO IT!
lol there is bit of resistance on 1h but apart from that would be gambling to short this.
  • #416,591
  • Jun 18, 2015 5:41am Jun 18, 2015 5:41am
IMO it is a gamble to short or long right here. however, i also think its a better RR to short from these levels.
still have some Cable rates upcoming though.. so tight stop relatively or small position. my 2 cents.
  • #416,592
  • Jun 18, 2015 6:02am Jun 18, 2015 6:02am
Quoting Fx-gtg
1.5480 long to 1.59xx atm 1.5479
target reached.1.5906 atmLong from 1.5280 closed
  • #416,593
  • Jun 18, 2015 6:06am Jun 18, 2015 6:06am
Quoting Fx-gtg
{quote} target reached.1.5906 atmLong from 1.5280 closed
nice hope you are trailing that..

edit- so you closed it.. good trade mate
  • #416,594
  • Jun 18, 2015 6:19am Jun 18, 2015 6:19am
Quoting pipsdotpk
{quote} Perhaps, there isnt any sign of a short but I would consider it very risky to put longs at these rates. I was long myself but I exited them before FOMC. Now I am short and I dont think its a smart move to enter into new longs when we are at highs.
What i mean is....Do not gamble with the momentum. I am thinking of going short as well. But have got no reason at the moment to do it. It can go up as well.
  • #416,595
  • Jun 18, 2015 6:23am Jun 18, 2015 6:23am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 156 KB
  • #416,596
  • Jun 18, 2015 6:25am Jun 18, 2015 6:25am
We are on a decision point now. If it breaks 1.5930, it's gonna climb to 5980.

I wouldn't short now, it's too risky. It could be profitable, but RR is not good enough for me.
Shift happens...
  • #416,597
  • Jun 18, 2015 6:35am Jun 18, 2015 6:35am
https://pbs.twimg.com/media/CHx41Q9UMAEuquC.jpg:large
  • #416,598
  • Jun 18, 2015 7:14am Jun 18, 2015 7:14am
Quoting draghiquinn
{quote} What i mean is....Do not gamble with the momentum. I am thinking of going short as well. But have got no reason at the moment to do it. It can go up as well.
resistance @ 1.5941
my master told me not to worry abt entry point. EXIT point more important.
  • #416,599
  • Jun 18, 2015 7:26am Jun 18, 2015 7:26am
Quoting Ksth
{quote} resistance @ 1.5941 my master told me not to worry abt entry point. EXIT point more important.
yes, the exit is the most important thing in trading. But sometimes managing the trade to the exit is the problem.
  • #416,600
  • Jun 18, 2015 7:33am Jun 18, 2015 7:33am
low volumes on hh , go down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
2,572 traders viewing now, 1 is registered: