Cable Update (GBPUSD) | Page 21764 | 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)

  • #435,261
  • Jul 27, 2016 11:19am Jul 27, 2016 11:19am
Quoting falconz13
We all know it is impossible to hike on Sept since there is an election {quote}
Yep they keep dragging it out....
Don't Leave Money on the Table
  • #435,262
  • Jul 27, 2016 11:20am Jul 27, 2016 11:20am
Have to admit they are good with the words game

Quoting HaLBot
{quote} Yep they keep dragging it out....
  • #435,263
  • Jul 27, 2016 11:27am Jul 27, 2016 11:27am
Quoting Lock
{quote} Overnight Tokyo high at 31605 tested and then back in to balance. Pit poor high removed. If we remain here below it (31605) targets down side are now possible. (note that current move tagged 3100 round number that is now weak). We are now at 3134 main composite poc. Btw I'm very happy to be not involved in such a mess. Incredibly bad environment here.
we are now above 31605 again, if confirmed above it all the higher targets are in this game, a little recap of them:

  1. 3192-3220 gb 07.22 minus development
  2. 3226 upper big composite poc
  3. 3480 zone as a last upper reference (Tokyo 07.15 poor hgh and GB 07.14 Back to Back with 06.30 pre US high)

Ubi maior minor cessat
  • #435,264
  • Jul 27, 2016 12:01pm Jul 27, 2016 12:01pm
Quoting Lock
{quote} we are now above 31605 again, if confirmed above it all the higher targets are in this game, a little recap of them: 3192-3220 gb 07.22 minus development 3226 upper big composite poc 3480 zone as a last upper reference (Tokyo 07.15 poor hgh and GB 07.14 Back to Back with 06.30 pre US high)
Above: Price tagged right now the low of the gb 07.22 minus development .
Below: note that 3150 is round weak as 3100. (carry this information forward)

bigger perspective visual recap:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 50 KB
Ubi maior minor cessat
  • #435,265
  • Jul 27, 2016 12:01pm Jul 27, 2016 12:01pm
H4 triangle has been breached
  • #435,266
  • Jul 27, 2016 12:06pm Jul 27, 2016 12:06pm
possible to 1.34 ?
  • #435,267
  • Edited 12:20pm Jul 27, 2016 12:10pm | Edited 12:20pm
Quoting Lock
{quote} we are now above 31605 again, if confirmed above it all the higher targets are in this game, a little recap of them: 3192-3220 gb 07.22 minus development 3226 upper big composite poc 3480 zone as a last upper reference (Tokyo 07.15 poor hgh and GB 07.14 Back to Back with 06.30 pre US high)
Sure, it is time to slow down.
I have 3227 VPOC to be worked out, and the second point is 3246 for the POC that was two weeks ago.
Preparing to short.

Best
D.P.

P.S. 4h chart

P.P.S Neither GBP nor EUR/USD in not supported by volume though. Fake?!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.png Size: 29 KB
Hunting High and Low
  • #435,268
  • Jul 27, 2016 12:15pm Jul 27, 2016 12:15pm
This is becoming more interesting and risky
Enjoying the learning process.
  • #435,269
  • Edited 12:36pm Jul 27, 2016 12:17pm | Edited 12:36pm
Quoting Dr.Phoenix
{quote} Sure, it is time to slow down. I have 3227 VPOC to be worked out, and the second point is 3246 for the POC that was two weeks ago. Preparing to short. Best D.P.
Finally a JD mate! You're welcome!

Write more here if you may!

Best
L.K.

update: 07.22 gb minus dev. and 3226 POC both taken out

Quoting Dr.Phoenix
{quote}...P.P.S Neither GBP nor EUR/USD in not supported by volume though. Fake?! {image}
Yes I noticed it and if you put this together with the two weak refs at 3150 and 3100 plus the poor lows at the botton of this move all this thing looks pretty bad. But let's see. If tomorrow we will find a gb gap higher maybe we could consider the situation in a different way. If instead it will retrace (?) back to the 3134 POC we will have some more to do below. Note also that it bounced above the 3226 poc, 2 pips above the brexit low 3227.

now also 3200 is weak!!
Ubi maior minor cessat
  • #435,270
  • Edited 1:07pm Jul 27, 2016 12:28pm | Edited 1:07pm
Quoting Lock
{quote} Finally a JD mate! You're welcome! Write more here if you may! Best L.K. update: 07.22 gb minus dev. and 3226 POC both taken out {quote} Yes I noticed it and if you put this together with the two weak refs at 3150 and 3100 plus the poor lows at the botton of this move all this thing looks pretty bad. But let's see. If tomorrow we will find a gb gap higher maybe we could consider the situation in a different way. If instead it will retrace (?) back to the 3134 POC we will have some more to do below. Note also that it bounced above the 3226...
We have the hidden gap of 3140-3180 (hourly), so, the pull back to 3140 is very possible. But, I think, we might see new highs afterwards.

Best
D.P.
Hunting High and Low
  • #435,271
  • Jul 27, 2016 1:20pm Jul 27, 2016 1:20pm
So news spiked cable all over the place... Well... i am not seeing any pattern anymore. That cable PA just mutilated my awesome chart so no trading GU till the coast is clear. Unfortunately i mistakenly closed one trade with a loss else my 200 Consecutive Pip win would have been complete. but so far i had 125 consecutive wins and 201 winning trades.. Not bad bcos i have traded almost all currencies... I remember announcing the start of this project here!!! so now i am done but will close out remaining trades with wins hopefully!!! I achieved this feat in 35 days!! also caught 5,200 pips!!
REFER to my Trade Explorer

Moving On.... i dont trust GU as it stands now.. Hope it goes to break that low so i can buy again!!
HAPPY PIPPIN!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #435,272
  • Jul 27, 2016 1:30pm Jul 27, 2016 1:30pm
Quoting iamawaited
So news spiked cable all over the place... Well... i am not seeing any pattern anymore. That cable PA just mutilated my awesome chart so no trading GU till the coast is clear. Unfortunately i mistakenly closed one trade with a loss else my 200 Consecutive Pip win would have been complete. but so far i had 125 consecutive wins and 201 winning trades.. Not bad bcos i have traded almost all currencies... I remember announcing the start of this project here!!! so now i am done but will close out remaining trades with wins hopefully!!! I achieved this...
amazing feat!! congrats...
  • #435,273
  • Jul 27, 2016 1:44pm Jul 27, 2016 1:44pm
Half my account blown in one day, fantastic.
  • #435,274
  • Jul 27, 2016 1:50pm Jul 27, 2016 1:50pm
Quoting shanebailey6
Half my account blown in one day, fantastic.
well ... at least it wasnt your entire account. live to fight another day.
  • #435,275
  • Jul 27, 2016 1:53pm Jul 27, 2016 1:53pm
Quoting shanebailey6
Half my account blown in one day, fantastic.
I was there before. Take some time from live account trading to analyse what went wrong and what you need to correct.
Do your homework, follow the footprints of smart money
  • #435,276
  • Jul 27, 2016 2:06pm Jul 27, 2016 2:06pm
Quoting KeenPips
{quote} I was there before. Take some time from live account trading to analyse what went wrong and what you need to correct.
I use an automatic sl and tp EA and forgot to switch it on. Doubled with high leverage. ouch.
  • #435,277
  • Jul 27, 2016 2:39pm Jul 27, 2016 2:39pm
The GBPUSD goes above the 1.3200 level, but we can see on the daily chart that the pair is really not going anywhere yet. Still waiting for a rally to the 1.3532 level or a drop to the 1.2800 level.
  • #435,278
  • Jul 27, 2016 4:10pm Jul 27, 2016 4:10pm
cable is the one of pair with high-fed and need much foreplay before she (HI)!

Happy GGH all!

  • #435,279
  • Jul 27, 2016 5:01pm Jul 27, 2016 5:01pm
Cable well bid in early Asian session. can see this hitting 3300 into Euro session and beyond if it keeps this up....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 87 KB
Don't Leave Money on the Table
  • #435,280
  • Jul 27, 2016 9:56pm Jul 27, 2016 9:56pm
Quoting baldmonk
{quote} amazing feat!! congrats...
thanx man!
Trading Eternal...... Shiny & Chrome!!!!
1,015 traders viewing now, 3 are registered:
Gbpusdfreakk
,
yovotheone
,