Cable Update (GBPUSD) | Page 22320 | 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)

  • #446,381
  • Dec 7, 2016 10:13am Dec 7, 2016 10:13am
If they hold it down here (and they're certainly making an effort to) under 1.2620 for the day, I would say that does bode another sizeable chunk of downside action tomorrow.
But with the rally against USD in virtually everything else, I think they're pressing down with all their might to keep the lid on it...and once the market shakes off the bad economic report numbers (other than with the NFP numbers, usually pretty much forgotten within 24 hours), I think it could easily decide to head back up looking for 1.2800 and then fight a major battle between there and 1.2850.
As always, we'll see...

For daytrading purposes, I took a 15-pip loss but now have a 16-pip profit locked in, so worst-case scenario I'm plus-one for the day.
Writer, currency trader, madman
  • #446,382
  • Dec 7, 2016 10:14am Dec 7, 2016 10:14am
Quoting Nala66
Well it is 2:30 am so I am off to bed...G'nite all
G'night - sleep well, peace of Christ, all that.
Writer, currency trader, madman
  • #446,383
  • Dec 7, 2016 10:30am Dec 7, 2016 10:30am
So far, Gbp/Usd is managing to stay above the 10 EMA on the daily - 50 EMA on the 4-hour - and 200 EMA on the hourly...However, it's still below every moving average out there on the 15-minute chart.

Just a thought...I would guess that traders who have gotten short since the upside crossover of the 1.2500 level are more anxious - and therefore more prone to being scared into abandoning ship - than the people who got long somewhere between the previous battleground area of 1.2430 to 1.2500.
Writer, currency trader, madman
  • #446,384
  • Dec 7, 2016 10:43am Dec 7, 2016 10:43am
Short from the open of last nights Daily candle at 126 700
Keeping things simple.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-rbfxpro-limited.png Size: 80 KB
  • #446,385
  • Dec 7, 2016 4:06pm Dec 7, 2016 4:06pm
Quoting dean1star
Short from the open of last nights Daily candle at 126 700 Keeping things simple. {image}
Good trade, dean - congrats.

I can live with the day: bought at 1.2589, busted out at 1.2574 - however, bought it right back at 1.2571, closed it out at 1.2621. Also hanging onto half a position long from 1.2585. So that's 35 pips closed trade profit and about 35 pips open trade profit on a half position.
The only thing I really didn't like about the day is that although it afforded me the opportunity to pick up a bunch of coins in Aud/Usd, the fact that Aud was doing so well while Gbp was getting beat up kind of beat down my long Gbp/Aud positions - but since my average buy-in price on that pair is around 1.6500, I'm still looking all right there.

Should be an interesting day tomorrow. My guess is that it will either go up or down.
Writer, currency trader, madman
  • #446,386
  • Dec 7, 2016 5:37pm Dec 7, 2016 5:37pm
Some bearish engulfing signals on the G/U yesterday before price was supported @1.258. Took the short @1.267 and exited before the nylon session opened, about 20 pips earlier than my TP. Handy little return. Don't mention that I was killed on the E/A short foolishly holding during the AUD GDP announcement. Lesson learnt for me, don't gamble on a high impact news
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-07 at 23.28.51.png Size: 186 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-07 at 23.31.52.png Size: 228 KB
  • #446,387
  • Dec 7, 2016 6:15pm Dec 7, 2016 6:15pm
And there we go following up from post 446377
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #446,388
  • Dec 7, 2016 6:52pm Dec 7, 2016 6:52pm
Quoting sanaca
Some bearish engulfing signals on the G/U yesterday before price was supported @1.258. Took the short @1.267 and exited before the nylon session opened, about 20 pips earlier than my TP. Handy little return. Don't mention that I was killed on the E/A short foolishly holding during the AUD GDP announcement. Lesson learnt for me, don't gamble on a high impact news {image}{image}
I got momentarily murdered by the Aussie GDP announcement, but quickly bought into the downspike and held onto it throughout the day, so ended up with very nice gains.

Does anybody know what happened just a bit ago that shot Eur. Gbp, and Aud all up about 30 pips? I wasn't even paying attention, then took a glance at my screen and, "Whaaaa...?"
Writer, currency trader, madman
  • #446,389
  • Dec 7, 2016 9:03pm Dec 7, 2016 9:03pm
Quoting _BBKing_
{quote} Hello) I did not. Reason: I was not here to screen, too busy these days. I would maybe tried short after that b/o @1.2740
Lucky in this business there's always another trade just around the corner
  • #446,390
  • Dec 8, 2016 12:18am Dec 8, 2016 12:18am
Inserted Video
  • #446,391
  • Dec 8, 2016 12:53am Dec 8, 2016 12:53am
16/12/08 THURSDAY 07:20+1GMT (edited untill 07:50)
EARLY MORNING REPORT
Ubi maior minor cessat
  • #446,392
  • Dec 8, 2016 1:33am Dec 8, 2016 1:33am
Hmmm... I just noticed something..

Mondo Bizaro,

Same date, different time frames on my GO MARKETS broker

Over 900 pips difference
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Click to Enlarge Name: GBPUSDH4.png Size: 26 KB
Come with me if you want to live....
  • #446,393
  • Dec 8, 2016 1:43am Dec 8, 2016 1:43am
up
Attached Image (click to enlarge)
Click to Enlarge Name: 25.JPG Size: 190 KB
+
  • #446,394
  • Edited 2:17am Dec 8, 2016 1:53am | Edited 2:17am
Quoting jbmaverick
{quote} Good trade, dean - congrats. I can live with the day: bought at 1.2589, busted out at 1.2574 - however, bought it right back at 1.2571, closed it out at 1.2621. Also hanging onto half a position long from 1.2585. So that's 35 pips closed trade profit and about 35 pips open trade profit on a half position. The only thing I really didn't like about the day is that although it afforded me the opportunity to pick up a bunch of coins in Aud/Usd, the fact that Aud was doing so well while Gbp was getting beat up kind of beat down my long Gbp/Aud...
Good Guess there Jbm.
Thinking to stay short for the Day..
  • #446,395
  • Dec 8, 2016 2:55am Dec 8, 2016 2:55am
This is some sick reversal during London's IB.
  • #446,396
  • Dec 8, 2016 2:57am Dec 8, 2016 2:57am
down
Attached Image (click to enlarge)
Click to Enlarge Name: 26.JPG Size: 185 KB
+
  • #446,397
  • Dec 8, 2016 3:20am Dec 8, 2016 3:20am
I see the high or a higher one
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,398
  • Dec 8, 2016 3:49am Dec 8, 2016 3:49am
atm. i'm not looking for short GU
both usdx & GU are testing important level and with usdx already break below 100 ... sooner or later GU would break above 2700


my view for usd:
Quoting andexQ
{quote} it seem to me usd already prepared for drop, sooner or later it will drop maybe to 97/98 area for mid-term target i think let's see atm. testing important support.. usdx - h4 {image}
  • #446,399
  • Dec 8, 2016 3:53am Dec 8, 2016 3:53am
spike 1.27000
Attached Image (click to enlarge)
Click to Enlarge Name: 27.JPG Size: 203 KB
+
  • #446,400
  • Dec 8, 2016 3:54am Dec 8, 2016 3:54am
Quoting mades
This is some sick reversal during London's IB.
Yeh seems to to be the norm these days ..
At least with the daily chart its only one candle .. lol
106 traders viewing now, 1 is registered:
tehboy