Cable Update (GBPUSD) | Page 21896 | 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)

  • #437,901
  • Aug 26, 2016 12:26am Aug 26, 2016 12:26am
Quoting pointlessfor
3182 long
3206 closed
  • #437,902
  • Aug 26, 2016 12:43am Aug 26, 2016 12:43am
Quoting HaLBot
{quote} OK I'm basing my judgement on the fact the markets didn't move much last day or so and there looks like there's a lot of emphasis being put on her speech this year.... What else have the markets been waiting for this week if not that speech?
I'm not sure Halbot, but a day or so of stagnation on this pair is nothing unusual, particularly this time of year.

I'm not sure about a lot of emphasis on this speech, maybe you could help me out with this one. If been working on an assignment the last 2 weeks so not been as FF active as I normally would and probably missed some things.
Come with me if you want to live....
  • #437,903
  • Aug 26, 2016 1:12am Aug 26, 2016 1:12am
Quoting voty
{quote} Interesting how two can see very different things on the same H1 chart. I see the bullish channel broken long time ago. I think you're placing the trend lines where you want to see them, not where it's actually heading. {image}
Interesting, ain't it? But I think we both see the same thing, just different analysis based on some prejudice. I can see everything you see but I have a bullish bias. Good trades though!.

P.S: I usually find that a channel drawn in advance works better for me. Price is hitting the top and bottom of a channel I drew one, two days ago. I find it gives better signals that a channel i'm drawing right now because of what is happening right now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1leo.png Size: 55 KB
I'm high on trading, cant you tell?
  • #437,904
  • Aug 26, 2016 1:15am Aug 26, 2016 1:15am
Quoting iamawaited
{quote} Thanks Man! wishing u more and more TP hits!! Meanwhile i am using EurGbp to set Hot traps for GU.. Next Trap Formation!! {image}
I always love these your analysis man, even though I have no clue what you are trading? How does it work?
I'm high on trading, cant you tell?
  • #437,905
  • Aug 26, 2016 1:29am Aug 26, 2016 1:29am
Quoting HaLBot
{quote} I'm predicting a Euro/UK session rally before settling down and waiting on the all important Yellen speech at 1.30pm London time.... So far Gbp/Usd price has been supported for last 4 days by the 5ema and is just below the 200ema on the 4 hour charts....with Yellen in focus I don't see price heading south until that speech if Yellen gives some fuel to the prospect of a US rate raise sooner than later... On the other hand if the markets think her speech means even more time before eventual US rate rise then Gbp will go over 3300 IMHO...
I agree GBPUSD is digging in heels for 134.50 rally.
Yellen is not going to do much for USD.
Practice makes a person perfect
  • #437,906
  • Aug 26, 2016 2:10am Aug 26, 2016 2:10am
Added long. This is the very same trade I posted yesterday, in terms of analysis. Price has just broken above A, the bearish channel upper trendline. But yesterday price went back into the channel but was stopped by B, the medium term lower trendline on a bullish move.

Price got rejected by the bullish lower trendline and has just again broken the bearish upper trendline, I just have to try again....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1add.png Size: 56 KB
I'm high on trading, cant you tell?
  • #437,907
  • Aug 26, 2016 2:11am Aug 26, 2016 2:11am
Quoting Devart
We could be in a pennant with TP between today and tomorrow around 1.3170 EDIT: 2:17 PM (italian time). The order has been closed because not triggered. {image} {image}
The point 5 has been reached. Now TP 6 to conclude the pennant ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled ,1.jpg Size: 743 KB
Click to Enlarge Name: Untitled 6.jpg Size: 514 KB
  • #437,908
  • Aug 26, 2016 2:43am Aug 26, 2016 2:43am
Quoting Ill-b-back
{quote} I'm not sure Halbot, but a day or so of stagnation on this pair is nothing unusual, particularly this time of year. I'm not sure about a lot of emphasis on this speech, maybe you could help me out with this one. If been working on an assignment the last 2 weeks so not been as FF active as I normally would and probably missed some things.
I haven't taken any notice of what the content of her speech might be, but it's been in the news all week now and FX media have built it up to some earth shattering event that's going to bring us all to the promised land......sometimes (and as you mentioned) these things just fizzle out and were all standing around scratchin our heads wondering..WTF

I see there are other news events today that can move the markets some as well...
Don't Leave Money on the Table
  • #437,909
  • Aug 26, 2016 2:49am Aug 26, 2016 2:49am
Yeah, now I can see buying as well.

The question is - how long can we be seeing the buying?

Take note of VPOC 22.08.16. If something goes wrong, WE CAN BE... there.

Best
D.P.
Attached Image (click to enlarge)
Click to Enlarge Name: gu10.png Size: 58 KB
Hunting High and Low
  • #437,910
  • Aug 26, 2016 2:58am Aug 26, 2016 2:58am
Very risky to open position now. Uk-Us GDP are waiting. Yellen speech Might affect candle and trend significantly. Imho.

Happy profit
  • #437,911
  • Aug 26, 2016 3:06am Aug 26, 2016 3:06am
3210 long
  • #437,912
  • Aug 26, 2016 3:11am Aug 26, 2016 3:11am
Quoting Dr.Phoenix
Yeah, now I can see buying as well. The question is - how long can we be seeing the buying? Take note of VPOC 22.08.16. If something goes wrong, WE CAN BE... there. Best D.P. {image}
Yes and coming up is UK GDP for Q2, should be interesting seeing as it includes Brexit....although will be muted by Yellen's speech later...
Don't Leave Money on the Table
  • #437,913
  • Aug 26, 2016 3:19am Aug 26, 2016 3:19am
Today is a very sad day for me...

Apparently ThinkMarkets(my Broker) across the globe has only 5 traders who use the 'cTrader' platform and they can't justify having to pay the owners the fees for just 5 traders to use it.

I just happen to be one of those 5 traders and today is the last day I'll be able to use it with ThinkMarkets.....so going back to MT4 for live trading and will just have to get better at using it and use cTrader and other platforms for analysis..
Don't Leave Money on the Table
  • #437,914
  • Aug 26, 2016 3:26am Aug 26, 2016 3:26am
EUR/USD: Shift from bullish to neutral: In a 1.1190/1.1370 range.
As highlighted yesterday, unless EUR can move and stay above 1.1310/15, the bullish outlook would shift to neutral. While further EUR strength would not be surprising further out, the current price action suggests that this pair has entered a consolidation phase and only a clear break out of the expected 1.1190/1.1370 sideway trading range would indicate the start of directional move.

GBP/USD: Bullish: Target 1.3370/75.
We turned bullish GBP yesterday and there is no change to the view. The immediate target and stop-loss remains unchanged at 1.3375 and 1.3100 respectively

source - https://www.efxnews.com/story/33863/...usd-usdjpy-uob

Best
D.P.

P.S. Maybe do I need shifting my targets higher?
Hunting High and Low
  • #437,915
  • Aug 26, 2016 3:34am Aug 26, 2016 3:34am
Quoting Dr.Phoenix
EUR/USD: Shift from bullish to neutral: In a 1.1190/1.1370 range. As highlighted yesterday, unless EUR can move and stay above 1.1310/15, the bullish outlook would shift to neutral. While further EUR strength would not be surprising further out, the current price action suggests that this pair has entered a consolidation phase and only a clear break out of the expected 1.1190/1.1370 sideway trading range would indicate the start of directional move. GBP/USD: Bullish: Target 1.3370/75. We turned bullish GBP yesterday and there is no change to the...
Thanks for this
Striving for consistency
  • #437,916
  • Aug 26, 2016 3:35am Aug 26, 2016 3:35am
Quoting pointlessfor
3210 long
3228 closed.
  • #437,917
  • Aug 26, 2016 3:39am Aug 26, 2016 3:39am
Yes since Brexit there are two obvious weekly highs...3370 and 3480, I would like price to reach 3480 to short from there back to 3100 before changing direction again for some more bullish action....

In between those price zones I'll be scalping too....

All up to Yellen now....
Don't Leave Money on the Table
  • #437,918
  • Aug 26, 2016 3:44am Aug 26, 2016 3:44am
EFXnews say use 1.31 round number as their stop. ;0
  • #437,919
  • Aug 26, 2016 3:54am Aug 26, 2016 3:54am
Quoting HaLBot
Yes since Brexit there are two obvious weekly highs...3370 and 3480, I would like price to reach 3480 to short from there back to 3100 before changing direction again for some more bullish action.... In between those price zones I'll be scalping too.... All up to Yellen now....
You been on the fourxxxx HalBot..

Seriously, I'm long too, would settle for 3270 today but would love to get to 3320
Striving for consistency
  • #437,920
  • Aug 26, 2016 3:55am Aug 26, 2016 3:55am
...technical indicators (RSI, MACD,ADX) for m30, h1, h4 and D1 are showing a Long trend...
...the fundamental data was as expected....
409 traders viewing now, 4 are registered:
,
Ahsan
,
Bnhassn
,
Waveskierrob