Cable Update (GBPUSD) | Page 22302 | 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)

  • #446,021
  • Dec 1, 2016 6:33am Dec 1, 2016 6:33am
Quoting Bones
guess you been recovering after the vote leave {quote}
Recovering? Nothing to recover from. I've been on the losing side of many elections in the UK and now I can add a referendum to that list. Such is life.
  • #446,022
  • Dec 1, 2016 6:37am Dec 1, 2016 6:37am
Quoting jbmaverick
{quote} Hey, anyone who's never been hugely surprised by Gbp/Usd...hasn't been trading it very long.
You're godd*mn right. In fact, this is my second month.
 
My sell limit have just been triggered.
  • #446,023
  • Dec 1, 2016 6:41am Dec 1, 2016 6:41am
what you wanna be doing is buy the retrace ,in all proberbility

Quoting luck002
{quote} You're godd*mn right. In fact, this is my second month. Â My sell limit have just been triggered.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,024
  • Dec 1, 2016 6:45am Dec 1, 2016 6:45am
Here you go a bit of simple analysis for the newbies.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #446,025
  • Dec 1, 2016 6:46am Dec 1, 2016 6:46am
Quoting _BBKing_
Bought support 2440 Small size. Will eventually increase Lower/Higher Plan is to watch what's around here till the 1.22 Protective SL 1.2140 - Target 1.28 / 1.29 area EDIT: Of course.... I will not just let the trade run blindly! Will keep looking for short/long opportunities along the way! {image}

Optmized SL @BE + 10 on lower entry and @BE+1 on higher one.

In this kind of situation I don't want to hold any long position if my entry area will be re-visited.
90% of traders use TA, indicators and prediction
  • #446,026
  • Dec 1, 2016 6:48am Dec 1, 2016 6:48am
Quoting luck002
{quote} You're godd*mn right. In fact, this is my second month. Â My sell limit have just been triggered.
2nd month trading or 2nd month trading the GBP?
90% of traders use TA, indicators and prediction
  • #446,027
  • Dec 1, 2016 6:51am Dec 1, 2016 6:51am
maybe the target is too the break down unachievable for 6-12 months apparently
sell there most likely

Quoting Bones
what you wanna be doing is buy the retrace ,in all proberbility {quote}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,028
  • Dec 1, 2016 6:53am Dec 1, 2016 6:53am
Quoting Nala66
Here you go a bit of simple analysis for the newbies. {image}
How do you determine the value of B2 and C?!
90% of traders use TA, indicators and prediction
  • #446,029
  • Dec 1, 2016 6:59am Dec 1, 2016 6:59am
Quoting luck002
{quote} You're godd*mn right. In fact, this is my second month. Â My sell limit have just been triggered.
Well, you might get a decent retrace down from here, but I'd watch it very carefully and bail out at the first sign of trouble. US 8:30 or 10 AM news could shoot this stuff even higher. I've seen plenty of days in Gbp where I thought, "That's it, they can't take it any higher/lower today", only to be proven very wrong.
Best wishes with it.
Writer, currency trader, madman
  • #446,030
  • Edited 8:23am Dec 1, 2016 7:01am | Edited 8:23am
the open must be a problem ?above would b a bit crazy I think
sell zone could b

edit add close res situ chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: q USD (DFB).png Size: 34 KB
Click to Enlarge Name: 1 q USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,031
  • Dec 1, 2016 7:03am Dec 1, 2016 7:03am
Quoting _BBKing_
{quote} How do you determine the value of B2 and C?!
B2 is the same as B1 which is the height of AB

C is simple the convergence of the AC line and the BC line.

However you have to know exactly which points to make A and B which took me years to figure out.

This is essentially an equilibrium swing where the money from one side is transferred to the other side.
  • #446,032
  • Dec 1, 2016 7:08am Dec 1, 2016 7:08am
if you look at this chart you should say no not sell today maybe tomorrow ,it will keep you out of trouble
if that candle changes reversal you have something to trade
catch you guys later very busy

Quoting luck002
{quote} You're godd*mn right. In fact, this is my second month. My sell limit have just been triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,033
  • Dec 1, 2016 7:08am Dec 1, 2016 7:08am
Quoting Nala66
{quote} B2 is the same as B1 which is the height of AB C is simple the convergence of the AC line and the BC line. However you have to know exactly which points to make A and B which took me years to figure out. This is essentially an equilibrium swing where the money from one side is transferred to the other side.
of course it took some years!
indeed saying it is simple analysis is not correct imo!
90% of traders use TA, indicators and prediction
  • #446,034
  • Dec 1, 2016 7:17am Dec 1, 2016 7:17am
Quoting _BBKing_
{quote} of course it took some years! indeed saying it is simple analysis is not correct imo!
Yes you are correct BB, I just make it look simple.

There are rules to follow to make the construction of the projections. However once you do know them it is a piece of cake to apply them to any time frame.

Notice the duration of the setup indicating it has nothing whatsoever to do with news events.

I wish I could tell you why this is so precise but I can't because I simply don't know how it is orchestrated.

Notice also that the bulls had to 'find' support before the run to the target... This is also important.
  • #446,035
  • Dec 1, 2016 7:24am Dec 1, 2016 7:24am
Quoting Nala66
{quote} Yes you are correct BB, I just make it look simple. There are rules to follow to make the construction of the projections. However once you do know them it is a piece of cake to apply them to any time frame. Notice the duration of the setup indicating it has nothing whatsoever to do with news events. I wish I could tell you why this is so precise but I can't because I simply don't know how it is orchestrated. Notice also that the bulls had to 'find' support before the run to the target... This is also important.
well, I prefer simple things for my trade decision.. but your analysis has a good point!
well done
90% of traders use TA, indicators and prediction
  • #446,036
  • Dec 1, 2016 7:25am Dec 1, 2016 7:25am
Hahaha. Thank's all for your insight. I've put a very tight SL for my sell. Yes, it is a very risky trade and I've put a buy limit too at the daily opening price.
  • #446,037
  • Dec 1, 2016 7:27am Dec 1, 2016 7:27am
Considering the weight GBP has in the USDx indicator.... there could be a continuation during the US session, just to bring that value down and tell outside it's a "pre events sell off in USD" while it basically stays unchanged against what is most important (JPY)

I will be watching PA closely in low liquidity later today... I smell some spikes.
90% of traders use TA, indicators and prediction
  • #446,038
  • Dec 1, 2016 7:30am Dec 1, 2016 7:30am
Quoting _BBKing_
{quote} well, I prefer simple things for my trade decision.. but your analysis has a good point! well done
Thank you.

I can also tell you that it usually ends in a divergence which then returns the price to the 26 EMA which is the same as the 50% water line of the RSI. I am watching this happen now on the 15 minute chart. Sorry 5 minute chart, the 15 is protected by a support.
  • #446,039
  • Dec 1, 2016 7:37am Dec 1, 2016 7:37am
It's funny sometimes opening a webpage and find things like these:

Attached Image


I would say "Noooooooo!!! You don't say?!?!?!?"

Attached Image


90% of traders use TA, indicators and prediction
  • #446,040
  • Dec 1, 2016 7:40am Dec 1, 2016 7:40am
Let's see how develops
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 35 KB
90% of traders use TA, indicators and prediction
908 traders viewing now, 1 is registered: