Cable Update (GBPUSD) | Page 21794 | 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)

  • #435,861
  • Aug 5, 2016 3:46am Aug 5, 2016 3:46am
Quoting actionmoney
{quote} Alright, we will see about that 3180 Thanks.

Hey M8 never have your mind set on one possible outcome for trading, you have to be flexible enough to change direction at a moments notice......so many times have I fought the market because of a belief I had about what way the market was heading.....And once trading so absorbed in price action that I forgot the decision I made earlier until too late...
If Cable was gonna do what a lot of people in forums said yesterday and today then we'd be at 3050 by now....I'm not saying it's not heading down, what I am saying is don't get fixated on one direction and get upset when price goes the opposite way..

Non Farm Payrolls is preventing Cable from dropping IMHO...
Don't Leave Money on the Table
  • #435,862
  • Aug 5, 2016 3:47am Aug 5, 2016 3:47am
Quoting actionmoney
{quote} Is it possible gbd/usd hit 3280 high? Whats your analysis for this ? Share your experience with us.
MM needs to come back to the open on the big bear bar, then hit the pin. Same story every time.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,863
  • Aug 5, 2016 3:52am Aug 5, 2016 3:52am
Quoting FXCyborg
{quote} MM needs to come back to the open on the big bear bar, then hit the pin. Same story every time.
Hey Cyborg, can you throw up a chart explaining that M8???
Don't Leave Money on the Table
  • #435,864
  • Aug 5, 2016 3:54am Aug 5, 2016 3:54am
The 50% point of last months high low is 13139
  • #435,865
  • Aug 5, 2016 3:58am Aug 5, 2016 3:58am
Just of the news wire from forexlive, explains the sudden drop in U/J G/J and other Yen crosses...

http://news.forexlive.com/!/yen-jump...spree-20160805
Don't Leave Money on the Table
  • #435,866
  • Aug 5, 2016 4:18am Aug 5, 2016 4:18am
bithedz has got me hooked on this Trance track, not bad...


Inserted Video
Don't Leave Money on the Table
  • #435,867
  • Aug 5, 2016 4:25am Aug 5, 2016 4:25am
3118*
  • #435,868
  • Aug 5, 2016 4:26am Aug 5, 2016 4:26am
morning I would just like to to new traders here . You are reading a lot of conflicting opinions . You have to trade your own trade today the news could sway the trend of the USA news is good then yes pound could go down ? But as we are retail traders most will follow its main move . But if the big boys are set on the pound going higher if if remember . You won't stop it going up and you may find that you will leave your trade open and start losing . But you may still think it's going to go your way either long or short ? Keep it tight and remember greed is bad and a potential small loss is safer . There is always another trade . I have learnt this over the years also you don't have to trade around the news wait see where the s and r is don't ever jump in s and r is there for a reason , play off them but with tight sl . Trade safe and regards E
  • #435,869
  • Edited 4:42am Aug 5, 2016 4:26am | Edited 4:42am
A fast recap.

above

  1. We are currently right above tonight Tokyo crazy balance and above major composite poc at 3134. Attempting a breakout from overnight full balance.
  2. Current gb high is poor and weak at 3150, that by the way was also the notorius weak reference for the 07.29 gb session.
  3. We are currently balancing up and down yesterday gb close at 3140.
  4. On a relatively major scale we have a huge gb minus development from 3182 up to 3249.

below

  1. Curent composite low (PIT low + Sydney low) at 31055 is very weak.
  2. Major reference here is clearly the go no go level at 31185: pit bracket low. Note that current Tokyo poor low is just a pip above it: Very weak.
  3. On a relatively major scale, considering olso the upcoming preUS/pit US sessions, we cannot forget the 3074 very weak pit zone, (inside this zone we have 2 pit poor lows at 3078 and 30735 and one "normal" pit low at 30805) leading directly to a possible correction of the old gap up from 07.11 session high at 30145. Note also that inside this pit gap we have the old gb gap up from 07.11 starting at 3019 and right inside it the very old double pass gap down from 07.05 gb session (30465-30565)

Note that yesterday pit session closed in a "short in the hole situation". It means that last activity took place below yesterday pit value putting those last traders in a dangerous position for upcoming pit session.

Ubi maior minor cessat
  • #435,870
  • Aug 5, 2016 4:30am Aug 5, 2016 4:30am
Quoting HaLBot
{quote} Hey Cyborg, can you throw up a chart explaining that M8???
No need, just look at your H1 chart.. plain as day
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,871
  • Aug 5, 2016 4:36am Aug 5, 2016 4:36am
Quoting Lock
A fast recap. above We are currently right above tonight Tokyo crazy balance and above major composite poc at 3134. Attempting a breakout from overnight full balance. Current gb high is poor and weak at 3150, that by the way was also the notorius weak reference for the 07.29 gb session. We are currently balancing up and down yesterday gb close at 3140. We have major gb minus development up to 3249. below Curent composite low (PIT low + Sydney low) at 31055 is very weak. Major reference here is clearly the go no go level at 31185: pit bracket low....
Hi Lock do you ever post trading buy or sell trades where you hsve gone into a trade regards E
  • #435,872
  • Aug 5, 2016 4:40am Aug 5, 2016 4:40am
Market is on its slowMotionMove.....
  • #435,873
  • Aug 5, 2016 4:46am Aug 5, 2016 4:46am
Quoting HaLBot
bithedz has got me hooked on this Trance track, not bad... https://www.youtube.com/watch?v=40ea07PLCA4
Not bad Hal, seems slightly blagged from some 90's stuff - Ibiza background noise as we would call it.
Produced a lot of Music Videos in my time, so would say good effort for a newbie.
Perhaps some French Influence with the Singer - just a guess.?
  • #435,874
  • Aug 5, 2016 4:47am Aug 5, 2016 4:47am
Quoting dean1star
{quote} Not bad Hal, seems slightly blagged from some 90's stuff - Ibiza background noise as we would call it. Produced a lot of Music Videos in my time, so would say good effort for a newbie.
Hey Dean1Star, M8 you done some interesting things... It does sound a bit that way and think it's from 2010, not sure

I'm long from 3153 too....see how it goes, I think it's through resistance at 3150...
Don't Leave Money on the Table
  • #435,875
  • Aug 5, 2016 4:51am Aug 5, 2016 4:51am
there is no resistance there... thats 200+ pips away
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,876
  • Aug 5, 2016 4:51am Aug 5, 2016 4:51am
Quoting HaLBot
{quote} Hey Dean1Star, M8 you done some interesting things... It does sound a bit that way and think it's from 2010, not sure I'm long from 3153 too....see how it goes, I think it's through resistance at 3150...
I try Hal .. lol
Waiting for a drop above the 132 zone.
Why else are they buying this morning.
  • #435,877
  • Aug 5, 2016 4:54am Aug 5, 2016 4:54am
Quoting FXCyborg
there is no resistance there... thats 200+ pips away
This is what I was talking about, the offers at certain levels.....

http://orders.forexlive.com/!/forex-...-2016-20160805
Don't Leave Money on the Table
  • #435,878
  • Aug 5, 2016 4:59am Aug 5, 2016 4:59am
Short squeeze coming up?????

Love it when Cable just does it's own thing....not being influenced by other currencies..
Don't Leave Money on the Table
  • #435,879
  • Aug 5, 2016 5:02am Aug 5, 2016 5:02am
Quoting HaLBot
{quote} This is what I was talking about, the offers at certain levels..... http://orders.forexlive.com/!/forex-...-2016-20160805
That has nothing to do with Resistance.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,880
  • Aug 5, 2016 5:04am Aug 5, 2016 5:04am
Quoting FXCyborg
{quote} That has nothing to do with Resistance.

Cheers Cyborg, I'll chat with you later, got eyes peeled ATM, I want to learn more M8...
Don't Leave Money on the Table
2,301 traders viewing now, 3 are registered:
,
AlphaGM
,
dele5000