Cable Update (GBPUSD) | Page 21791 | 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)

  • #435,801
  • Aug 4, 2016 9:02am Aug 4, 2016 9:02am
Quoting Lock
Again GO NO GO tagged and bounced from there. It is very weak now, but there is a lot of indecision here, up and down open.

Now I would like to see people pile on this. If not... (again at he open: I do not like this)
Ubi maior minor cessat
  • #435,802
  • Aug 4, 2016 9:14am Aug 4, 2016 9:14am
Quoting Lock
{quote} Now I would like to see people pile on this. If not... (again at he open: I do not like this)
Note that pit session tagged exactly overnight low and then retraced. So now 3111 is weak. And we are now again at the spike base of 07.27, tagged exactly at 3143.** A weak market as always in the last pit sessions.

Then it tagged 31455** the 26 daily periods hb. That as said initially is clearly an important reference for current price action in this zone:

**
Quoting Lock
3143 07.27 pit spike up base and 31454 current 26 days half back could be clearly important refs for upcoming pit session. Note that current move down put all those who were buying from 07.29 underwater.
Ubi maior minor cessat
  • #435,803
  • Aug 4, 2016 9:27am Aug 4, 2016 9:27am
current pit high at 3149 is full us session half back, preUS session open and 1 pip below 3150 round number: just to say how weak this market is...
Ubi maior minor cessat
  • #435,804
  • Aug 4, 2016 9:33am Aug 4, 2016 9:33am
Quoting Lock
current pit high at 3149 is full us session half back, preUS session open and 1 pip below 3150 round number: just to say how weak this market is...
so 3150 and 3111 both weak now?
  • #435,805
  • Aug 4, 2016 9:37am Aug 4, 2016 9:37am
Quoting evrynet
{quote} so 3150 and 3111 both weak now?

Yes. The only thing that is protecting 3150 is current gap down that is a form of excess. It could lead to a temporary skip of that ref above. I said "It could..."
Ubi maior minor cessat
  • #435,806
  • Aug 4, 2016 9:39am Aug 4, 2016 9:39am
Quoting Lock
{quote} Yes. The only thing that is protecting 3150 is current gap down that is a form of excess. It could lead to a temporary skip of that ref above. I said "It could..."
but it can break 3111 anytime too right?
  • #435,807
  • Aug 4, 2016 9:55am Aug 4, 2016 9:55am
Quoting evrynet
{quote} but it can break 3111 anytime too right?
It could take it out or break it: they are both possible but different. Break it means go though it and continue below. While take it out could also lead to a possible new retracement. Note that C period is inside of B m30 period. We are in a full balance here. The rule is go with the breakout if any, and monitor for continuation.
Ubi maior minor cessat
  • #435,808
  • Aug 4, 2016 9:56am Aug 4, 2016 9:56am
Quoting Lock
{quote} It could take it out or break it: they are both possible but different.
good good
  • #435,809
  • Aug 4, 2016 10:00am Aug 4, 2016 10:00am
Quoting HaLBot
{quote} Well the figures were not that bad for US, so Cable could still drop from these levels, I aint saying it's gonna happen but just be careful....
real talk broh, appreciated.
  • #435,810
  • Aug 4, 2016 10:01am Aug 4, 2016 10:01am
1.300x 1/4 1.309x numbers im looking at, haven't been following GU too much, I'm trying to get in for a couple of hundred somewhere
1.306x/8x on there, tomorrow could bring 1.292x with 1.288x/7x and 1.284x all before LL
  • #435,811
  • Edited 10:21am Aug 4, 2016 10:08am | Edited 10:21am
D period (that btw is also the last bar of gb: very sorry I think I was speaking about E period.) tagged pit half back at 3130, that is now weak too as 3149. So for now this market is controlled only by weak hands. Total absence of bigger timeframes here.
Ubi maior minor cessat
  • #435,812
  • Aug 4, 2016 10:29am Aug 4, 2016 10:29am
Quoting Lock
D period (that btw is also the last bar of gb: very sorry I think I was speaking about E period.) tagged pit half back at 3130, that is now weak too as 3149. So for now this market is controlled only by weak hands. Total absence of bigger timeframes here.
Yeah, ...what means the price wil be drafting lower and lower through the Asia.

Best
D.P.
Hunting High and Low
  • #435,813
  • Aug 4, 2016 10:35am Aug 4, 2016 10:35am
Quoting Dr.Phoenix
{quote} Yeah, ...what means the price wil be drafting lower and lower through the Asia. Best D.P.
They clearly don't want let us go to sleep...

Best L.
Ubi maior minor cessat
  • #435,814
  • Aug 4, 2016 10:47am Aug 4, 2016 10:47am
Hope everyone is having a good day! Still looking for things to go further South, expecting 1.31 to break easily. I think tomorrow will push GU even lower (provided good US data)
Attached Image (click to enlarge)
Click to Enlarge Name: BOE rate cut 25 basis points.PNG Size: 65 KB
  • #435,815
  • Aug 4, 2016 10:48am Aug 4, 2016 10:48am
Quoting HaLBot
Me thinks Cable is done and dusted for today, the Bears have gorged themselves on many pips and are now ready for desert and no Bull wants to take part...
yes another flat line pair just like the eur/usd
TE started 6/4/19
  • #435,816
  • Edited 11:05am Aug 4, 2016 10:54am | Edited 11:05am
What can we say in a pit session like this: sometimes markets are fascinating. 37 pips of pleasure.
Ubi maior minor cessat
  • #435,817
  • Aug 4, 2016 11:24am Aug 4, 2016 11:24am
Quoting Lock
What can we say in a pit session like this: sometimes markets are fascinating. 37 pips of pleasure.
6 periods of 6 above open price at 31265. There is nobody here.
Ubi maior minor cessat
  • #435,818
  • Aug 4, 2016 12:00pm Aug 4, 2016 12:00pm
Quoting rapidace
Take a look at this guy and see how much he trade on GBP/USD 3 days ago!!!! http://www.forexfactory.com/tahirs#acct.94-tab.list
Hey dont be fooled by that, its obviously a ploy by a strange broker GAINSY to lure gullible traders to open an account with them.
  • #435,819
  • Aug 4, 2016 12:12pm Aug 4, 2016 12:12pm
Quoting Lock
{quote} 6 periods of 6 above open price at 31265. There is nobody here.
After a balance of 7 periods up and down open at 31265, now this market is trying to make a breakout starting from its half back at 3130. Obviously there are a lot of targets below and current poor low (tagging overnight low) is clearly ridicolous, but watch out it could be very tricky because the starting price is absolutely weak.
Ubi maior minor cessat
  • #435,820
  • Aug 4, 2016 12:22pm Aug 4, 2016 12:22pm
the Canadian sold the pound short ! Barstool anyway who bought at 3111 ?
500 traders viewing now, 1 is registered:
bunneyx