Cable Update (GBPUSD) | Page 594 | 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)

  • #11,861
  • May 2, 2007 5:54am May 2, 2007 5:54am
Quoting bigmanin
hi first time ever posting
With respect to all my seniours and juniors cabel is targeting 1.9845 after breaking 1.9911 support level and there is a strong resistance on 1.20002
I'm placing 2 BUY at 1.9900, and 1.9885
  • #11,862
  • May 2, 2007 5:56am May 2, 2007 5:56am
cable broken 1.9900...... fantastic, luv it... 9880 here I come........
  • #11,863
  • May 2, 2007 6:01am May 2, 2007 6:01am
Quoting cesarnc
Stopped out again damn it!

Too much too extended this ranging... from 9910 to 9960 to 9910 and going down....

I'm out for good while now. Double bottom at 9890 on the cards now.
Have you check about the River ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #11,864
  • May 2, 2007 6:22am May 2, 2007 6:22am
What do you think about the market today? It seems the GBP wants to stay under the sea (2.0000) like submarine........so do you think it comes to see the sun or not?
  • #11,865
  • May 2, 2007 6:25am May 2, 2007 6:25am
I'm glad had my beer early on.Came back short at 1.9955. Now if wanna go long, look for 9875 & 9820.Which probably what I think.http://www.forexfactory.com/images/icons/icon3.gif
But dont follow me.I'm still short.If it rise maybe temprorary.
Just a thought.
Start trading everyday with a simple mind, and everything seems very clear!
  • #11,866
  • May 2, 2007 6:47am May 2, 2007 6:47am
managed to moved my BUY at 9900 to 9985... still waiting to reach 9985...
  • #11,867
  • May 2, 2007 6:58am May 2, 2007 6:58am
ADP Non farms data out in 20 mins, I suspect may be good for $
  • #11,868
  • May 2, 2007 7:04am May 2, 2007 7:04am
morning all

didn't expect cable to go that low, short order was filled at 9948, limit filled at 9915. i left quite a few pips on the table. have longs at 9904 now.

yen trades overnight worked out for me too, now i'm short at 2020, looking for 11970 to tp.

closed euro shorts at 3565, went long at same price.
  • #11,869
  • May 2, 2007 7:33am May 2, 2007 7:33am
Quoting Why Oh Why
More here.
Referred to above. But Buy Limit opened again at a lower base and now showing 1.9920 and 2 lots exited for 60. Holding 3 long left here.
Do not focus on making money; focus on protecting what you have.
  • #11,870
  • May 2, 2007 7:33am May 2, 2007 7:33am
Quoting leelee75k
morning all

didn't expect cable to go that low, short order was filled at 9948, limit filled at 9915. i left quite a few pips on the table. have longs at 9904 now.

yen trades overnight worked out for me too, now i'm short at 2020, looking for 11970 to tp.

closed euro shorts at 3565, went long at same price.
Me neither... But if it came down to 9890 it should extend it all the way to 9800 as to refresh the buyers interest here.... This ranging 9890-0050 is driving me nuts

Everybody seems to be buying dips at 9870/90 to sell all the inventory at mid-00s
  • #11,871
  • May 2, 2007 7:58am May 2, 2007 7:58am
correlation to payrolls data has been pretty poor but I guess the knee
jerk marking of the dollar lower is to be expected given the street -
especially CTA's have spent the morning buying dollars - watch the IMM
open for evidence of more CTA $ buying
If I Go Broke Trying Then I Will die happy.
  • #11,872
  • May 2, 2007 8:02am May 2, 2007 8:02am
Quoting Why Oh Why
Referred to above. But Buy Limit opened again at a lower base and now showing 1.9920 and 2 lots exited for 60. Holding 3 long left here.
But longs still outstanding. It's capped by an intraday declining trend line.
Do not focus on making money; focus on protecting what you have.
  • #11,873
  • May 2, 2007 8:05am May 2, 2007 8:05am
partial profits takens about 20 pips per trade

10 am might be a little nuts, still holding the same trades
  • #11,874
  • May 2, 2007 8:08am May 2, 2007 8:08am
Cable failed to rally through 2.0065/75 and is back to the low 1.99's
again - 21 dma at 1.9890 and Trend line off the March lows is at
1.9900.
Lose 1.9900 should see a retest of 1.9855 the Late April low. Topside
1.9970/75 and 2.0010/20 should stall initially. Euro/GBP stalling into
0.6800 but expect 0.6800/25 to cover near term - loss of 0.6800 opens
0.6750/55 again.
If I Go Broke Trying Then I Will die happy.
  • #11,875
  • May 2, 2007 8:22am May 2, 2007 8:22am
I know ADP figure has not been reflected in price action but I think that the £ is good value at the present time and a trend reverse is not far away.

1.9890 held earlier and is being tested again as I type - but I still believe £ buyers will emerge sooner rather than later.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hourtriangle.jpg Size: 47 KB
  • #11,876
  • May 2, 2007 8:28am May 2, 2007 8:28am
US, data on March factory orders will be published at 15:00 . Both we and the consensus forecast factory orders to rise 2.2% in March after increasing 1.0% in February. New orders for durable goods ramped up 3.4% in the month and should drive overall factory orders up; however, the pace of energy price increases has slowed somewhat relative to last month and should dampen some of this increase. Total light vehicle sales in the US were unchanged in April at 16.3m units. Sales of domestically manufactured vehicles rose to 12.5m units from 12.3m a month earlier. The data were better than market expectations and indicate that consumers bought cars at a pace just below the average pace in 07 Q1. Consumers are due for a bit of a pull back in spending after registering real gains of 4.0% on average over the past two quarters. In addition, surging gas prices will act as a tax on household disposable incomes and dampen the real pace of spending growth. April auto sales are the first reading on spending in the current quarter and are consistent with a modest step-down in the pace of gains in consumer outlays.
If I Go Broke Trying Then I Will die happy.
  • #11,877
  • May 2, 2007 8:32am May 2, 2007 8:32am
Quoting marketwavez
Here is the Usd/Gbp

This is what I see ........
618 % Line has been violated ( See yellow line )

Now it's all about staying above 9890 .................Good luck Cable bulls !

----------------------------------------------------------------
Please excuse me for posting 3 charts in a row

This thread sure moves fast

- Why so few people post charts in here ? ...

Great thread here anyways
but sure need more visuals charts in here
Cable continues to drift lower this morning ........

--------------------------------------------------------------------
PLAN your Trade .................. TRADE YOUR PLAN !....
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-05-02-2007-#1.jpg Size: 90 KB
  • #11,878
  • May 2, 2007 8:53am May 2, 2007 8:53am
[CABLE] continues to trade in and around the day's 1.9888 lows. It has been a stops driven market after the break below 1.9940. In fact, the break inspired a broad wave of Gbp sales, i.e. vs Aud, Eur, Jpy and Usd from CTAs, Russian accounts and US investors. The downside is the main focus at present and contacts are watching two key areas. These come with next major technical support between 1.9860/65 and 1.9850, the latter being a barrier, which expires at New York cut. However, we suspect any more downside towards that region could prove fresh buy opportunities for more medium-term accounts. The latest Reuters poll shows all 61 analysts see a 25 basis points BOE hike to 5.5% in May, while median forecasts show a 40% chance UK rates to hit 5.75% in 2007, another Gbp positive.
  • #11,879
  • May 2, 2007 9:05am May 2, 2007 9:05am
Cable will recover if 1.9860 isn't breached.
  • #11,880
  • May 2, 2007 9:09am May 2, 2007 9:09am
stopped out at 9984
1,913 traders viewing now, 3 are registered:
,
turnfx
,
Ankrish47