Cable Update (GBPUSD) | Page 586 | 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)

  • #11,701
  • Apr 30, 2007 5:01pm Apr 30, 2007 5:01pm
Quoting cesarnc
I'm buying at all levels from today's low high (9889 - 0030)... actually Cable is looking offered right now, move not spread across the majos... might provide a nice dip... in less than 2 min... or at the top of the hour...


quicky 15
  • #11,702
  • Apr 30, 2007 5:06pm Apr 30, 2007 5:06pm
Do you think there will be any short term resistance in breaking the 2.000 barrier again? Ever since the jump this morning the pair has slowly been in a downtrend...
  • #11,703
  • Apr 30, 2007 5:20pm Apr 30, 2007 5:20pm
Perhaps my question has already been answered. :
  • #11,704
  • Apr 30, 2007 5:29pm Apr 30, 2007 5:29pm
Quoting ~Shard~
Do you think there will be any short term resistance in breaking the 2.000 barrier again? Ever since the jump this morning the pair has slowly been in a downtrend...
There's no 4hr candle opening above 2.0000 since Thursday, and that's just too much too disturbing imo.

Next in 1.5 hours... I'll only consider adding above 2.0000 with a 4hr candle open above ....

Otherwise, bottom fishing, patiently.
  • #11,705
  • May 1, 2007 12:13am May 1, 2007 12:13am
Looks like its gonna be a quiet day with holiday in japan n europe.
  • #11,706
  • May 1, 2007 12:20am May 1, 2007 12:20am
If cable can't break 2.0030-40 it'll prolly go to below 1.9800 in next few days.
Tra-X
  • #11,707
  • May 1, 2007 12:25am May 1, 2007 12:25am
Quoting Traex
If cable can't break 2.0030-40 it'll prolly go to below 1.9800 in next few days.
I was thinking of shorting the cable today after the major news.
What do you think?
  • #11,708
  • May 1, 2007 12:32am May 1, 2007 12:32am
Quoting ashlee_17
I was thinking of shorting the cable today after the major news.
What do you think?
News isn't an indication whether it can break resistance or not, but let it test resistance again then see.
Tra-X
  • #11,709
  • May 1, 2007 12:42am May 1, 2007 12:42am
Quoting Traex
If cable can't break 2.0030-40 it'll prolly go to below 1.9800 in next few days.
IMHO it wont be that easy bro. Since to go to .98 cable have to break through a heavy massive bullish support line that u can see on cesarnc's chart.
  • #11,710
  • May 1, 2007 12:49am May 1, 2007 12:49am
IMHO Warper's chart before draws a good picture of whats going on with cable. Narrowing triangle. Break of resistance = bullish. Break of support = bearish. Mean while.. satisfy yourself with collecting pips from the narrowing ranging. But keep in mind that the shorter the range.. the higher the possibility of breakthrough.
  • #11,711
  • May 1, 2007 1:09am May 1, 2007 1:09am
Quoting dd33
IMHO it wont be that easy bro. Since to go to .98 cable have to break through a heavy massive bullish support line that u can see on cesarnc's chart.
That channel lower line already has 4 touch points, next will be the 5th and more likely to go blast.
Tra-X
  • #11,712
  • May 1, 2007 1:14am May 1, 2007 1:14am
Quoting dd33
IMHO Warper's chart before draws a good picture of whats going on with cable. Narrowing triangle. Break of resistance = bullish. Break of support = bearish. Mean while.. satisfy yourself with collecting pips from the narrowing ranging. But keep in mind that the shorter the range.. the higher the possibility of breakthrough.
I agree. And watch out for those news releases!
Gone to a better place
  • #11,713
  • May 1, 2007 1:20am May 1, 2007 1:20am
Quoting Traex
That channel lower line already has 4 touch points, next will be the 5th and more likely to go blast.
Its 5 touch points already in my charts. Next will be the 6th.

Upper resistance line also already have 4 touch points. But the age is younger than support. So IMHO she is more likely to break compared to support.

But again.. that also depends on the fundies. Which one win the battle? We will see in a next few days.
  • #11,714
  • May 1, 2007 1:54am May 1, 2007 1:54am
i've seen some huge crazy moves on so called "quite" holidays.

remember the markets will be less liquid, and that makes it much easier for the big players to move the market around, which may mean more volitility.

US ISM Manufacturing data is due later today, and this has been known recently to produce big moves...

Quoting dd33
Looks like its gonna be a quiet day with holiday in japan n europe.
  • #11,715
  • May 1, 2007 2:00am May 1, 2007 2:00am
Hi all

i would like to your opinion about this

Sell Cable 2.0030
or sell Cable 2.0060

which better
  • #11,716
  • May 1, 2007 2:00am May 1, 2007 2:00am
A double top in formation on the 15min charts....
  • #11,717
  • May 1, 2007 2:06am May 1, 2007 2:06am
today i might try carries trou gbp/chf but im waiting the price to retrace just a little...hehe
its just money
  • #11,718
  • May 1, 2007 2:24am May 1, 2007 2:24am
Hi all

I think Selling Cable @ 2.0080 is a good idea
  • #11,719
  • May 1, 2007 2:46am May 1, 2007 2:46am
what is this move is moment from 2.0032 to 1.9983
  • #11,720
  • May 1, 2007 2:48am May 1, 2007 2:48am
Box breakout on London Open isnt making much progress.. It failed to drop (or rise) considerably just immediately after London Open.. Hmm perhaps, I should put in smaller TP next time..
751 traders viewing now