Cable Update (GBPUSD) | Page 22229 | 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)

  • #444,561
  • Edited 5:03am Oct 27, 2016 4:43am | Edited 5:03am
Quoting yuddy
{quote} That 2250 level, very delicate. However ,the bears are setting up their raid, it's feeding time.. Grrrrrhhhh!!!
Well they could be, yes but I'd counter this by suggesting the Bears set up their raids a long, long time ago now.

Whilst I agree the trend is clearly down - are major sellers here? well, perhaps they are but when I look at the chart of a major currency at Multi Year Lows and one that has been in this trend for some time I begin to look for swing opportunities to redress the balance a little..Even its it nothing more than allowing major sellers an opportunity to reach liquidity zones to add to their positions.

I still see GU hitting at least 1.20 so its low leverage entries into this level for long trades my end and I scale in and out to take profits along the way.

Certainly can't rule out another end of year dive before Banks, larger commercials and hedge funds start closing books and winding down for year end so I'm happy to accumulate into the closing 8 weeks of 2016.

Each to their own and pips are there for all traders depending on their time horizons
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 66 KB
  • #444,562
  • Oct 27, 2016 4:47am Oct 27, 2016 4:47am
Quoting uncletrumpet
the US advance GDP will give us the direction of how this market will close tomorrow, however, the short are in charge till further notice
For the UK there are 3 versions of GDP released
Preliminary, Second Estimate, and Final.
The Preliminary release is the earliest and thus tends to have the most impact;

For the US there are 3 versions of GDP released a month apart
Advance, Preliminary, and Final.
The Advance release is the earliest and thus tends to have the most impact;

So, the UK Preliminary it's equal with US Advance for their currency...
...but I'm not sure that the Advance US GDP it's much more influential for the pound than Preliminary UK's GDP
Member
  • #444,563
  • Oct 27, 2016 4:57am Oct 27, 2016 4:57am
..And here is a closer look at where GU sits in its weekly timeframe..Of course the current candle is still live so the inside bar rejection is not yet confirmed.

I know many here trade 1/5/15 minute timeframes so this may be a little pedestrian for you guys but for those of us who enjoy a more sedate pace this might be of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly2.png Size: 54 KB
  • #444,564
  • Edited 5:10am Oct 27, 2016 4:59am | Edited 5:10am
the flash crash has caused this tight range ,lack of interest lots of head scratching ,Brexit is way over reacted at this point imo ,and data has not met remainer's predictions so far
Id feel happier as FX Clarity to know what the lower number is actaully but best place to get it moving maybe that tl given it went all that way down and was rejected as seen by wick
bears could not hold it in a nutshell
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #444,565
  • Oct 27, 2016 5:13am Oct 27, 2016 5:13am
Quoting dean1star
{quote} Tony great posts as per usual - would expect nothing less of course.
-I total agree with the sentiment. The UK has become the whipping boy to distract us from both the major economic crisis and bankrupt countries and disagreement in Europe and the potentially disastrous presidential elections in the US. Its all an illusion and a game. I recently watched a documentary BBC film on BBCi-player called HyperNormalisiation. Worth a watch.
Striving for consistency
  • #444,566
  • Oct 27, 2016 5:18am Oct 27, 2016 5:18am
Quoting Wdfx
{quote} -I total agree with the sentiment. The UK has become the whipping boy to distract us from both the major economic crisis and bankrupt countries and disagreement in Europe and the potentially disastrous presidential elections in the US. Its all an illusion and a game. I recently watched a documentary BBC film on BBCi-player called HyperNormalisiation. Worth a watch.
Totally a game the world is a big school playground with teachers and principles all the way up to the top - call them what you like - to watch observe control us and tell us what to do and when we can do it .. we are just in that play ground doing what we always do, fight shout scream hollar call it what you like - the secret as is always is to find the best route to escape lol .. gonna watch it later WD sounds kinda intersting
  • #444,567
  • Oct 27, 2016 5:22am Oct 27, 2016 5:22am
Quoting dean1star
{quote} Totally a game the world is a big school playground with teachers and principles all the way up to the top - call them what you like - to watch observe control us and tell us what to do and when we can do it .. we are just in that play ground doing what we always do, fight shout scream hollar call it what you like - the secret as is always is to find the best route to escape lol .. gonna watch it later WD sounds kinda intersting
Very interesting - don't miss it...
Striving for consistency
  • #444,568
  • Oct 27, 2016 6:09am Oct 27, 2016 6:09am
Still Long - two at 122 000
One at 121 010 (heavy).
  • #444,569
  • Oct 27, 2016 7:15am Oct 27, 2016 7:15am
Rag - So far, it looks like you called the low for the day pretty close to dead on the money.
Writer, currency trader, madman
  • #444,570
  • Oct 27, 2016 7:37am Oct 27, 2016 7:37am
my opinion. immediate target 2350
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 46 KB
I'm high on trading, cant you tell?
  • #444,571
  • Oct 27, 2016 8:05am Oct 27, 2016 8:05am
All the way down to new lows!
Make money by doing the opposite of Giveachance aka loser
  • #444,572
  • Oct 27, 2016 8:08am Oct 27, 2016 8:08am
Quoting Sammih
my opinion. immediate target 2350 {image}
 
Not sure Sam.
It still below trendline, RSI and stoch going below 50 on 4H chart.
Already short @1.2247, 1 minute after news.
The weird thing sometimes price going down even bad news.
 
Lock small profit.
 
 
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20161027-200319.png Size: 129 KB
Don't trust me. I'm still newbie
  • #444,573
  • Oct 27, 2016 8:20am Oct 27, 2016 8:20am
Short GBP/USD
Target 121.56
It's a big game.
  • #444,574
  • Oct 27, 2016 8:30am Oct 27, 2016 8:30am
Interesting...The UK economy grew after the Brexit vote

http://www.dailymail.co.uk/news/arti...-warnings.html
  • #444,575
  • Oct 27, 2016 8:42am Oct 27, 2016 8:42am
Quoting yuddy
{quote} That 2250 level, very delicate. However ,the bears are setting up their raid, it's feeding time.. Grrrrrhhhh!!!
Bears are you having a great party here?? Lol, it's feeding time !!
  • #444,576
  • Oct 27, 2016 9:14am Oct 27, 2016 9:14am
Quoting nessus94
All the way down to new lows!
Lets go now
Make money by doing the opposite of Giveachance aka loser
  • #444,577
  • Oct 27, 2016 9:18am Oct 27, 2016 9:18am
looks like bulls party is over for now, text book fake break and back to triangle with engulfing 4H.
  • #444,578
  • Oct 27, 2016 9:23am Oct 27, 2016 9:23am
Quoting Wdfx
{quote} -I total agree with the sentiment. The UK has become the whipping boy to distract us from both the major economic crisis and bankrupt countries and disagreement in Europe and the potentially disastrous presidential elections in the US. Its all an illusion and a game. I recently watched a documentary BBC film on BBCi-player called HyperNormalisiation. Worth a watch.
And this game is interesting, and we should know how to use it.
  • #444,579
  • Oct 27, 2016 9:25am Oct 27, 2016 9:25am
Quoting mades
looks like bulls party is over for now, text book fake break and back to triangle with engulfing 4H.
Yeah, it's been a bear party all the while, bulls were just party crashers as their nature is. Lol, it's feeding time bears!!
  • #444,580
  • Oct 27, 2016 9:42am Oct 27, 2016 9:42am
Futures curve is pointing upward for the coming time...same for eurusd, and usdcad pointing downwards

Could change from one week to another...but interesting to know
Make money by doing the opposite of Giveachance aka loser
544 traders viewing now