Cable Update (GBPUSD) | Page 21779 | 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)

  • #435,561
  • Aug 2, 2016 7:56am Aug 2, 2016 7:56am
Quoting HaLBot
{quote} Hail to the King baby.... When all were saying today were heading south I was the lone voice saying were heading north.... Hey you can gloat sometimes.....LOL

Well done HaLBot! But watch out! We need confirmation here to imagine further continuation upwards. We are leaving ugly structure below. I suggest anyone to carry this information forward.
Ubi maior minor cessat
  • #435,562
  • Aug 2, 2016 8:01am Aug 2, 2016 8:01am
Quoting Lock
{quote} Well done HaLBot! But watch out! We need confirmation here to imagine further continuation upwards. We are leaving ugly structure below. I suggest anyone to carry this information forward.

Yeah Mate will do....

I think as I said the big players want a decent high to short from and now were in range of 3330 that's the high from 12-July-16...but I still think we'll get gains to the 3400 area before Super Thursday....
Don't Leave Money on the Table
  • #435,563
  • Aug 2, 2016 8:05am Aug 2, 2016 8:05am
Quoting HaLBot
{quote} Yeah Mate will do.... I think as I said the big players want a decent high to short from and now were in range of 3330 that's the high from 12-July-16...but I still think we'll get gains to the 3400 area before Super Thursday....
Seems so,back in channel, there is an older 4h gap to be filled and upper range of the channel around 3400 + 4h 200 ema. But for now i guess price can retrace a bit like Lock said, ugly structure which price usually wants to revisit.
  • #435,564
  • Aug 2, 2016 8:08am Aug 2, 2016 8:08am
Quoting mades
{quote} Seems so,back in channel, there is an older 4h gap to be filled and upper range of the channel around 3400 + 4h 200 ema. But for now i guess price can retrace a bit like Lock said, ugly structure which price usually wants to revisit.

mmmmmmmm hope it doesn't go below 3250 heading into UK session tomorrow........but Cable has a way of crushing your ego.....LOL

There was a bit of Info I picked up of a weekly chart that 'I'll-be-Back' threw up and that was last weeks Weekly Chart Candle is a bullish Indecision Candle and I'm basing my predictions of a move up to 3400 on the weekly out look....
Don't Leave Money on the Table
  • #435,565
  • Aug 2, 2016 8:11am Aug 2, 2016 8:11am
Quoting HaLBot
{quote} Yeah Mate will do.... I think as I said the big players want a decent high to short from and now were in range of 3330 that's the high from 12-July-16...but I still think we'll get gains to the 3400 area before Super Thursday....

It is absolutely possible. But I generally do not try to forecast what is going to happen next days. I prefer to register market generated information and use them inside my possible daily activity.
For instance now C period low at 32685 is weak as hb and 07.29 (edit:it is not yes gb close!) gb close. Plus C is currently inside B period, so is balancing. It also did not test yet B high.
If we remain here we are going to open pit session with a big gap up. If it will resist, HaLBot's wild dreams are very possible!
If not, all the weak refs. below will be more than reasonable.
Ubi maior minor cessat
  • #435,566
  • Aug 2, 2016 8:14am Aug 2, 2016 8:14am
Quoting HaLBot
{quote} mmmmmmmm hope it doesn't go below 3250 heading into UK session tomorrow........but Cable has a way of crushing your ego.....LOL
It can go all the way down to 1.32 or try to top higher first. This pair loves big intraday swings.
  • #435,567
  • Aug 2, 2016 8:16am Aug 2, 2016 8:16am
Quoting mades
{quote} It can go all the way down to 1.32 or try to top higher first. This pair loves big intraday swings.
Yep that's for sure, as long as 3200 holds and back to 3250 before UK session tomorrow...

But if this sucker gets above 3300 with a strong move up today I can't see it heading below 3250...
Don't Leave Money on the Table
  • #435,568
  • Aug 2, 2016 8:19am Aug 2, 2016 8:19am
hello dear (s) Member, I am excited to join this great family Trader, a family without prejudice or what counts is performance, I live in Africa and precisely in Benin I work with LiteForex broker, I am here to share my analyzes and learn from you .... excuse my english
  • #435,569
  • Aug 2, 2016 8:26am Aug 2, 2016 8:26am
Quoting cabinetfmis
hello dear (s) Member, I am excited to join this great family Trader, a family without prejudice or what counts is performance, I live in Africa and precisely in Benin I work with LiteForex broker, I am here to share my analyzes and learn from you .... excuse my english
Welcome Cabinetfmis....

I know in Benin the national language spoken is French but what is your own language???
Don't Leave Money on the Table
  • #435,570
  • Aug 2, 2016 8:29am Aug 2, 2016 8:29am
Quoting cabinetfmis
hello dear (s) Member, I am excited to join this great family Trader, a family without prejudice or what counts is performance, I live in Africa and precisely in Benin I work with LiteForex broker, I am here to share my analyzes and learn from you .... excuse my english
  • #435,571
  • Aug 2, 2016 8:31am Aug 2, 2016 8:31am
I'm out, got to go to the land of Nod....

Seeyas....
Don't Leave Money on the Table
  • #435,572
  • Aug 2, 2016 8:37am Aug 2, 2016 8:37am
Quoting HaLBot
I'm out, got to go to the land of Nod.... Seeyas....
Have a good night!
Ubi maior minor cessat
  • #435,573
  • Aug 2, 2016 8:38am Aug 2, 2016 8:38am
HB see ya mate
  • #435,574
  • Aug 2, 2016 8:55am Aug 2, 2016 8:55am
Up and down open multiple times: huge uncertainty. Pit gap up currently unretraced. Balance. 13 pips of range. Ugly
Ubi maior minor cessat
  • #435,575
  • Aug 2, 2016 9:04am Aug 2, 2016 9:04am
Quoting Lock
Up and down open multiple times: huge uncertainty. Pit gap up currently unretraced. Balance. 13 pips of range. Ugly
It will most likely shoot and do new high. But the structure below .. damn. Across all timeframes.
  • #435,576
  • Aug 2, 2016 9:06am Aug 2, 2016 9:06am
Quoting Lock
Up and down open multiple times: huge uncertainty. Pit gap up currently unretraced. Balance. 13 pips of range. Ugly
pit B starts from open/hb. Current high composite poor high.. 3300 is prev 07.29 pit high at round so is already weak.
Ubi maior minor cessat
  • #435,577
  • Aug 2, 2016 9:14am Aug 2, 2016 9:14am
Quoting Lock
{quote} pit B starts from open/hb. Current high composite poor high.. 3300 is prev 07.29 pit high at round so is already weak.

if old gb gap down retraced up to 33395 then we could aim to 3350 prev pit weak ref and then 3400 pre us high 07/14at round number.

If instead old gb gap down will resist watch out because we are coming from below with incredibly bad structure. In any case, as said the current pit gap higher is a valid temporary support.

Current price 2 pip below July pit open at 33265
Ubi maior minor cessat
  • #435,578
  • Aug 2, 2016 9:21am Aug 2, 2016 9:21am
Quoting mades
{quote} It will most likely shoot and do new high. But the structure below .. damn. Across all timeframes.
Really. Very bad market. GB gap is important because it has inside the last 2 week highs. So we have just tested above them and we are now tagging the lowest one at 3300.
Ubi maior minor cessat
  • #435,579
  • Aug 2, 2016 9:34am Aug 2, 2016 9:34am
Quoting Lock
{quote} Really. Very bad market. GB gap is important because it has inside the last 2 week highs. So we have just tested above them and we are now tagging the lowest one at 3300.
so you recon it will test higher again or its now pushing down ??
  • #435,580
  • Aug 2, 2016 9:39am Aug 2, 2016 9:39am
Quoting Lock
{quote} pit B starts from open/hb. Current high composite poor high.. 3300 is prev 07.29 pit high at round so is already weak.

now tagging it exactly at 32835. Very weak. But again we came from current hb/round number above at 3300.
Ubi maior minor cessat
1,825 traders viewing now