Cable Update (GBPUSD) | Page 22223 | 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)

  • #444,441
  • Oct 25, 2016 10:13am Oct 25, 2016 10:13am
Quoting Wdfx
{quote} Not really, I ended up closing 6 pips up just before the speech (loss of bottle) back in again at 2134 stop loss at BE now. Should have followed my initial gut reaction
Out at BE again
Striving for consistency
  • #444,442
  • Oct 25, 2016 10:16am Oct 25, 2016 10:16am
Quoting hilmy83
{quote} i'm gonna hold a bit. Take your advice (see your signature).
right, cut losses quick, let winners run

but only until you see that PA says get out

im buying for a daily reversal. expecting a pin bar on the daily or at least a decent wick.
Be hopeful in a winning position, and fearful in a losing position.
  • #444,443
  • Oct 25, 2016 10:23am Oct 25, 2016 10:23am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 15 KB


still holding, its teasing my TP :/
The only true wisdom is in knowing you know nothing.
  • #444,444
  • Oct 25, 2016 10:25am Oct 25, 2016 10:25am
Minus 45 pips each long trade see if we get it into the plus zone at 122 000 again .
Sneaked a long in at 121 010 just to be sure so game on hopefully.
  • #444,445
  • Oct 25, 2016 10:25am Oct 25, 2016 10:25am
Back in long at 2139 stop again now at BE
Striving for consistency
  • #444,446
  • Oct 25, 2016 10:30am Oct 25, 2016 10:30am
Cumalative now looking at - 20 pips on both longs .. see how it plays for tomorrow. from 000 line.
  • #444,447
  • Oct 25, 2016 10:31am Oct 25, 2016 10:31am
Quoting Wdfx
Back in long at 2139 stop again now at BE
Bet you missed all this bullshit hey WD .. lol
  • #444,448
  • Oct 25, 2016 10:50am Oct 25, 2016 10:50am
was able to close on time
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 53 KB
don't predict direction, but dance with flow of water
  • #444,449
  • Oct 25, 2016 10:54am Oct 25, 2016 10:54am
Quoting dean1star
{quote} Bet you missed all this bullshit hey WD .. lol
Hehe... I missed adding to the total confusion. some profit now locked in... for a change
Striving for consistency
  • #444,450
  • Oct 25, 2016 11:05am Oct 25, 2016 11:05am
Quoting Jfx
{quote} Catching a falling knife is a trading term for when people are trying to guess a bottom and go long in a strong down move. Nothing wrong with it if you know what you're doing and know where to close. {image}
I guess i learn somthing new every day
  • #444,451
  • Oct 25, 2016 11:18am Oct 25, 2016 11:18am
looking for short position after the rebound
Never say no to PIPS
  • #444,452
  • Oct 25, 2016 11:23am Oct 25, 2016 11:23am
Quoting USD-charts
{quote} I guess i learn somthing new every day
Just be careful that you are not learning bad things from FF. Catching a falling knife can ruin your account. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #444,453
  • Oct 25, 2016 11:31am Oct 25, 2016 11:31am
took 10 off at screenshot, 15 left (intraday)

holding fully long (swing)

pictured below:
1 hour (intraday position)
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #444,454
  • Oct 25, 2016 11:32am Oct 25, 2016 11:32am
If it breaks 2252, i might do long here. not sure what this market doing. Could be false promise on bull move to lure people in .But i'll have to follow price
  • #444,455
  • Oct 25, 2016 12:22pm Oct 25, 2016 12:22pm
The question I am considering now is has it retraced as far as it is going to go for the day or are there a few pips left yet? I would like to see it getting back to 2220 but ??
Striving for consistency
  • #444,456
  • Oct 25, 2016 12:54pm Oct 25, 2016 12:54pm
If there was one level every swing trader has been waiting for to go Long, it was touched today..and we can see from this bounce off it that GBP reached liquidity at 1.2090 and buyers flexed their muscles.

Whether this is the 'low' is as yet unknown and the fact that a 1.20 test is still likely means for me at least building low leverage entries to target 1.26 and 1.29 is the path of least resistance and those targets are conservative..
  • #444,457
  • Oct 25, 2016 1:00pm Oct 25, 2016 1:00pm
Quoting FXClarity
If there was one level every swing trader has been waiting for to go Long, it was touched today..and we can see from this bounce off it that GBP reached liquidity at 1.2090 and buyers flexed their muscles. Whether this is the 'low' is as yet unknown and the fact that a 1.20 test is still likely means for me at least building low leverage entries to target 1.26 and 1.29 is the path of least resistance and those targets are conservative..
I agree a 500 pip or more rally is on deck
Be hopeful in a winning position, and fearful in a losing position.
  • #444,458
  • Oct 25, 2016 1:04pm Oct 25, 2016 1:04pm
Of course the joker in the pack is the low of the flash crash candle on every time above 5 mins.

This 'Mother Bar' (and it is 'one mother' of a candle) has different lows with almost every retail FX broker as such from a technical perspective cable is 'damaged goods' right now and needs to be handled carefully. Only when this candle breaks its high or low can the chart 'heal'
  • #444,459
  • Oct 25, 2016 1:08pm Oct 25, 2016 1:08pm
Quoting Rag2RichesFX
{quote} I agree a 500 pip or more rally is on deck
Yeah, the trickier part is sizing the entries right now..

As an aside have you noticed the trend when pairs exhibit these moves into Q4 they often run through until year end then reverse massively?
  • #444,460
  • Oct 25, 2016 1:19pm Oct 25, 2016 1:19pm
it will go up again to 1.2240, i will wait for that and take a short again.
Im a Crocodile, Im a Sniper. Patience is everything.
1,064 traders viewing now