Cable Update (GBPUSD) | Page 22363 | 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)

  • #447,241
  • Edited 8:13am Jan 14, 2017 7:32am | Edited 8:13am
It was particularly volatile week and difficult I guess
In actual fact if you look last 10 candles which are quite large and mostly decent signals that should work...
so its consolidating down being knocked back every time bulls try if the low goes now we will see free fall at very least the actual low whatever that is
I posted that bearish candle was false the line of thinking is that one was entirely in traffic
I could see free fall and hold


Btw it closed on the low of last month and the low of last week



Quoting elbert3
Lot of traders lost accounts . Thread is dead
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp USD d1 (DFB).png Size: 34 KB
Click to Enlarge Name: w1 USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,242
  • Edited 8:48am Jan 14, 2017 7:36am | Edited 8:48am
like usd cad on the way up the other week I know it's actually bearish to a high degree
I said the eur gbp tl would break but its following it to a T
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP2 (DFB).png Size: 30 KB
Click to Enlarge Name: GBP h1 (DFB).png Size: 22 KB
Click to Enlarge Name: CAD (DFB).png Size: 31 KB
Click to Enlarge Name: w1 eur GBP (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,243
  • Jan 14, 2017 7:52am Jan 14, 2017 7:52am
I expect low-rise gbp
h4 (time)
next week
  • #447,244
  • Jan 14, 2017 8:35am Jan 14, 2017 8:35am
USD was bearish ,GBP equally



Quoting Bones
also this one I see problems rather than straight bull ,unless theres a wild card news coming {quote} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w1 US Dollar Basket (DFB).png Size: 37 KB
Click to Enlarge Name: d1 US Dollar Basket (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,245
  • Jan 14, 2017 8:45am Jan 14, 2017 8:45am
Quoting Bones
It was particularly volatile week and difficult I guess In actual fact if you look last 10 candles which are quite large and mostly decent signals that should work... so its consolidating down being knocked back every time bulls try if the low goes now we will see free fall at very least the actual low whatever that is I posted that bearish candle was false the line of thinking is that one was entirely in traffic I could see free fall and hold Btw it closed on the low of last month and the low of last week {quote} {image} {image}
Hi B . Yes it did not go the way I thought I caught some good moves but anywhere Sr had been I was tp anything and re entering with sl and was stopped out on a third of them . Normally I would let trades run in the red but I found I was hedging and then even the hedge was taken out . But still trying to catch it long if it can go I have trades from 2090 and 2095 should of took the BB chart trade where he also had 161ext at 2050 . But hay ho if we knew where and when to trade we would have millions . B out . Lol
  • #447,246
  • Edited 9:52am Jan 14, 2017 9:22am | Edited 9:52am
Hi E yea tricky week not great
I wonder what May will say
gbp jpy face of it looks like a test

Quoting elbert3
{quote} Hi B . Yes it did not go the way I thought I caught some good moves but anywhere Sr had been I was tp anything and re entering with sl and was stopped out on a third of them . Normally I would let trades run in the red but I found I was hedging and then even the hedge was taken out . But still trying to catch it long if it can go I have trades from 2090 and 2095 should of took the BB chart trade where he also had 161ext at 2050 . But hay ho if we knew where and when to trade we would have millions . B out . Lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 34 KB
Click to Enlarge Name: JPY d1 (DFB).png Size: 36 KB
Click to Enlarge Name: JPY d1 clear (DFB).png Size: 17 KB
Click to Enlarge Name: JPY monthly (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,247
  • Jan 14, 2017 9:27am Jan 14, 2017 9:27am
I think gbp usd will open big gap down , because they will not allow anybody to make profit in it in selling and most traders closed their positions because it was volatile up and down last week
  • #447,248
  • Jan 14, 2017 6:14pm Jan 14, 2017 6:14pm
Re daily chart GBP/USD

  1. The 1.2222 support is now acting as resistance.
  2. A closing break below 1.2157 would see the price dropping to 1.2012.
  3. We have a range low of 1.1814.
  4. The GBP continues to trade below its average.
  5. As yet there is no evidence of any sustained move to the upside.

  • #447,249
  • Edited 9:32pm Jan 14, 2017 9:09pm | Edited 9:32pm
contrast in the data no one seems to know from flash
I get more side range with a longer lower wick from my own
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur gbp Screenshot 2017-01-15_03-06-05.png Size: 102 KB
Click to Enlarge Name: gbp usd Screenshot 2017-01-15_03-02-40.png Size: 112 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,250
  • Jan 14, 2017 9:42pm Jan 14, 2017 9:42pm
could be double bottom cable
gbp index if that low goes this month ...I just can't see it technically maybe May can do it fundamentally
gbp is super cheap fundamentals seem fine
lower again could send the economy into overdrive when final outcome is years off

$ can not afford a bearish monthly on the index being so high
Attached Image (click to enlarge)
Click to Enlarge Name: gbp index Screenshot 2017-01-15_03-38-31.png Size: 120 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,251
  • Jan 14, 2017 10:49pm Jan 14, 2017 10:49pm
Quoting Bones
...I just can't see it technically {image}
Depends entirely on how you perform your sloping line analysis. All it tells you is that it will either go up or else it will go down and will it stop at the next one.. maybe or maybe not.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB
  • #447,252
  • Jan 15, 2017 3:28am Jan 15, 2017 3:28am
Daily mail news ...Pound's 'flash crash' that sunk sterling to a 31 year low was driven by inexperienced traders and Brexit doomsters, report findsHowever, an investigation by the Bank of International Settlements has blamed the crash on badly managed automated computer trading platforms and inexperienced Asian-based currency traders.
  • #447,253
  • Jan 15, 2017 4:46am Jan 15, 2017 4:46am
Well.. News..

Quote
Theresa May to say UK is 'prepared to accept hard Brexit'

https://www.theguardian.com/politics...pt-hard-brexit

That could cause a nice gap today..
How to opt out annoying user signatures ??
  • #447,254
  • Jan 15, 2017 4:48am Jan 15, 2017 4:48am
Quoting elbert3
Daily mail news ...Pound's 'flash crash' that sunk sterling to a 31 year low was driven by inexperienced traders and Brexit doomsters, report findsHowever, an investigation by the Bank of International Settlements has blamed the crash on badly managed automated computer trading platforms and inexperienced Asian-based currency traders.
there will be other flash crashes in the future

we just got a mini flash crash ( rally ) on the euro recently
  • #447,255
  • Jan 15, 2017 6:19am Jan 15, 2017 6:19am
Quoting Toranaga
Well.. News.. {quote} https://www.theguardian.com/politics...pt-hard-brexit That could cause a nice gap today..
do u think that it will be a gap down according to this news ?
  • #447,256
  • Jan 15, 2017 6:37am Jan 15, 2017 6:37am
The news are that he will say it not that he said it,

but i still think it will cause a gap down. And if not a gap
down then a down in the first trading hours, what is also ok.

imo.

Oooor, maybe they will drive the price up at Monday, only
to dump it then on Tuesday after the announcement.

Weekend news are a little bit much more trickier than 'normal' news.



All is possible with this crazy pair, but the nice thing is,
we are here in our homes with a cheap internet connection
and we have the possibility to watch and learn.

A really interesting week is about to start in less than 12 hours.

ATM:

GBP/USD 1.2178

Lets see where we are at Friday.

Happy trading.
How to opt out annoying user signatures ??
  • #447,257
  • Jan 15, 2017 6:46am Jan 15, 2017 6:46am
how could u know that gbp ATM is 1.2178 ?
  • #447,258
  • Jan 15, 2017 6:57am Jan 15, 2017 6:57am
cable is too much news - politics - and brexit - driven these days

there are gonna be many bumps ahead , but trend is still down - we may test the low 1.20ies quite soon again

but it all depends on the brexit talks this week
  • #447,259
  • Jan 15, 2017 7:01am Jan 15, 2017 7:01am
Quoting polonoon
how could u know that gbp ATM is 1.2178 ?
XE have mid-market rates over the weekend.
Focus.
  • #447,260
  • Jan 15, 2017 7:03am Jan 15, 2017 7:03am
Quoting Toranaga
Oooor, maybe they will drive the price up at Monday, only to dump it then on Tuesday after the announcement.
This is the scenario I'm looking for.
Focus.
1,912 traders viewing now, 2 are registered:
Molaro
,