Cable Update (GBPUSD) | Page 21454 | 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)

  • #429,061
  • Apr 21, 2016 3:42am Apr 21, 2016 3:42am
Quoting Don96
didn't take it, would like higher, but perfect for some... {image}
tbh, posted it for others but I should have taken it, perfect, worst that would happen is stop out for some, got greedy and wanted higher for better RR... or is that sensible and patient?
  • #429,062
  • Apr 21, 2016 3:50am Apr 21, 2016 3:50am
Quoting pressok
{quote} ​win. sold from 4392. now waiting tp at 4300 or hold my position. I will check there 4300 area if have buy setup
​

4300 hit. wait for new entry​ position
  • #429,063
  • Apr 21, 2016 3:51am Apr 21, 2016 3:51am
1.428xx should provide some support
  • #429,064
  • Apr 21, 2016 3:52am Apr 21, 2016 3:52am
Quoting pressok
{quote}​ 4300 hit. wait for new entry​ position
seems we will test resist again.. wish all luck
  • #429,065
  • Apr 21, 2016 5:07am Apr 21, 2016 5:07am
Elliot Wave Analysis
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-21_2001.png Size: 81 KB
Phenomenal Return This Year: na
  • #429,066
  • Apr 21, 2016 5:09am Apr 21, 2016 5:09am
Quoting safarudin
{quote} seems we will test resist again.. wish all luck
It now hit 1.4365. Looks like retration downward is over and it will go now North
  • #429,067
  • Apr 21, 2016 5:26am Apr 21, 2016 5:26am
Still going for the move down.
Changing perspective if EMA5 crosses SMA8 or rsi breaks the TL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Click to Enlarge Name: Screenshot2.png Size: 82 KB
What's that smell? ---- I smell money!
  • #429,068
  • Apr 21, 2016 5:28am Apr 21, 2016 5:28am
Quoting safarudin
{quote} seems we will test resist again.. wish all luck
fetch some special forces army from 1.43 to attack yesterday daily high
  • #429,069
  • Apr 21, 2016 5:33am Apr 21, 2016 5:33am
Hi Guys,

Never really trade cable much so after a bit of help or criticism please.

I am thinking about going long the pound either vs the USD or CHF with 2-3 week trade time.

The cable looks ripe for a long not sure where I would put the stop but upside targets means it looks like a favorable RR.

What do you guys think about this trade idea?
  • #429,070
  • Apr 21, 2016 5:34am Apr 21, 2016 5:34am
Quoting craiggary
Elliot Wave Anal y sis {image}
good chart
  • #429,071
  • Apr 21, 2016 5:37am Apr 21, 2016 5:37am
Quoting redbaron1981
Hi Guys, Never really trade cable much so after a bit of help or criticism please. I am thinking about going long the pound either vs the USD or CHF with 2-3 week trade time. The cable looks ripe for a long not sure where I would put the stop but upside targets means it looks like a favorable RR. What do you guys think about this trade idea?
closer to 1.4000is the best long with 1.3500 sl and tp around 1.6000 / 1.7000
  • #429,072
  • Apr 21, 2016 5:38am Apr 21, 2016 5:38am
Quoting SteFX85
Still going for the move down. Changing perspective if EMA5 crosses SMA8 or rsi breaks the TL. {image} {image}
I've been stalking a short entry all morning, but that hourly engulfing has left me a bored trader, on the sidelines for now​
  • #429,073
  • Apr 21, 2016 5:40am Apr 21, 2016 5:40am
Quoting redbaron1981
Hi Guys, Never really trade cable much so after a bit of help or criticism please. I am thinking about going long the pound either vs the USD or CHF with 2-3 week trade time. The cable looks ripe for a long not sure where I would put the stop but upside targets means it looks like a favorable RR. What do you guys think about this trade idea?
I think you missed the CHF one for now, probably best to wait for a retrace before getting in.

also I think that cable needs to drop before getting higher, (1.5xxx) might see 1.45/6 before 1.38xx and lower, but again I think the time to go long was back at 1.38 if you were looking for a long term swing. Also the inability to place a confident/logical stop should invalidate your trade automatically...

one more thing, where do you think price would be in 2-3 weeks? and why? as in why hold it for this time? in a weeks time it may peak and then drop after the second week, but because you have told yourself you are going to hold it for that long you probably wont close out... and then end up b.e or whatever
  • #429,074
  • Apr 21, 2016 5:41am Apr 21, 2016 5:41am
Quoting jsk3010
{quote} I've been stalking a short entry all morning, but that hourly engulfing has left me a bored trader, on the sidelines for now​
a position... that doesn't cost
  • #429,075
  • Apr 21, 2016 5:47am Apr 21, 2016 5:47am
Quoting jsk3010
{quote} I've been stalking a short entry all morning, but that hourly engulfing has left me a bored trader, on the sidelines for now​
I can see 1.4 going again, perhaps a good chance to short from around these highs on this move, I think this is a small move within a move... 1.443xx may be the best chance at a short, if that swing provided a valid lower low and isn't a swing within a swing then 1.448x/1.446 may be good opportunities, I haven't looked beyond there for a chance to short, I'm setting all my trades up for longs lower down, so far 1.4011 was my best chance since I posted it a while back... but I'm still waiting for lower, although USDx doesn't look good in near future ​
  • #429,076
  • Apr 21, 2016 5:49am Apr 21, 2016 5:49am
Quoting PatienceFx
{quote} closer to 1.4000is the best long with 1.3500 sl and tp around 1.6000 / 1.7000
The question is will it get back there to put a trade on? If it doesn't then I have missed the opportunity.
  • #429,077
  • Edited 6:01am Apr 21, 2016 5:49am | Edited 6:01am
Quoting jsk3010
{quote} I've been stalking a short entry all morning, but that hourly engulfing has left me a bored trader, on the sidelines for now​
What engufling there has to be a gap
Attached Image


Think it's more like a Belt-Hold candlestick pattern.
Is considered a minor trend reversal pattern that can indicate a bullish or bearish trend reversal.
Attached Image


But hey I'm just hoping my trade will continue the right way. Getting some doubts.

grtz
What's that smell? ---- I smell money!
  • #429,078
  • Apr 21, 2016 5:54am Apr 21, 2016 5:54am
Quoting redbaron1981
{quote} The question is will it get back there to put a trade on? If it doesn't then I have missed the opportunity.
this is the perfect answer to your query

answered by one of the best expert in the entire industry

http://technical-analysis.forexlive....pound-20160224
  • #429,079
  • Apr 21, 2016 5:55am Apr 21, 2016 5:55am
Quoting SteFX85
{quote} What engufling there has to be a gap grtz {image}
​you should move your strategy to live... demo is pointless, unless your a beginner and don't have much idea, something to mess around with... for someone who clearly knows their stuff, basics at least... should be on live. pressing a button to sell on a demo with money that isn't real and you don't care about as much or at all, its different...
  • #429,080
  • Apr 21, 2016 5:56am Apr 21, 2016 5:56am
Quoting Don96
{quote} I think you missed the CHF one for now, probably best to wait for a retrace before getting in. also I think that cable needs to drop before getting higher, (1.5xxx) might see 1.45/6 before 1.38xx and lower, but again I think the time to go long was back at 1.38 if you were looking for a long term swing. Also the inability to place a confident/logical stop should invalidate your trade automatically... one more thing, where do you think price would be in 2-3 weeks? and why? as in why hold it for this time? in a weeks time it may peak and then...
How come you think I missed the swissy? Surely there is till plenty of head room?

I generally donīt use fixed stops per se, I prefer vol based stops based around what would logically call my trade a failure.

2-3 weeks is an arbitrary figure I pulled out my head. I would only hold on that long if it was acting right.

What kind of mid term target do you have for the cable?
1,406 traders viewing now