Cable Update (GBPUSD) | Page 1041 | 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)

  • #20,801
  • Edited 2:18am Jul 24, 2007 12:44am | Edited 2:18am
my account prints more money now (bullish GBP/USD)

update
GBP/USD, trading range about 2.0652 - 2.0627 (or scalpers play). If break about 2.0619, GU will go down.

Before I thought GBP/USD would break or go up for the second times but it hasn't.
The first break out was in at the beginning of today Asian market.
  • #20,802
  • Jul 24, 2007 12:49am Jul 24, 2007 12:49am
New high
Trade what you see, not what you think.
  • #20,803
  • Jul 24, 2007 12:55am Jul 24, 2007 12:55am
GBP/USD still firmly bullish, (no s$$t shirlock)
but most importantly in demands from M&A like yesterday

Rob Grespi of Kingforex
For he that would be deceived, let him.
  • #20,804
  • Jul 24, 2007 2:07am Jul 24, 2007 2:07am
The place to watch is 2.0675-2.0700, it may overshoot a bit, but I expect this week to be a reversal in the sort term, with a potential of bottoming out at 2.0200 or so with an upside target of 2.1150-75 top by the years end
  • #20,805
  • Jul 24, 2007 2:35am Jul 24, 2007 2:35am
Quoting gene22
The place to watch is 2.0675-2.0700, it may overshoot a bit, but I expect this week to be a reversal in the sort term, with a potential of bottoming out at 2.0200 or so with an upside target of 2.1150-75 top by the years end
Look for 78.6%fibo retracement --> 2.0626, if it is broken, I'll expect the pair to have a little correction to 50%fibo --> 2.0593.

Otherwise, I still have my long position, and maybe will add one more at 2.0651 (Asia session's high)
Hello World
  • #20,806
  • Jul 24, 2007 4:43am Jul 24, 2007 4:43am
Trade what you see, not what you think.
  • #20,807
  • Jul 24, 2007 5:15am Jul 24, 2007 5:15am
this thing will go down to 2.0600 and then resume longs...thats what my systems shows me...lets see what happens.
G/J is also extremly oversold hrly. so that should help too.
  • #20,808
  • Jul 24, 2007 5:29am Jul 24, 2007 5:29am
Quoting santoso

If break about 2.0619, GU will go down.
GU broke 2.0619 now. Penetrate 2.0600 - 2.0592. (testing or we should be patient) If break down that range, GU will go down more. If break up that range, GU will go up.

Today GBP/USD failed to break or go up for the second times.
  • #20,809
  • Jul 24, 2007 5:41am Jul 24, 2007 5:41am
Price action now looks like stop fishing to me.
  • #20,810
  • Jul 24, 2007 6:09am Jul 24, 2007 6:09am
going back long at 610 if euro is perking up - gbp can't do it alone
  • #20,811
  • Jul 24, 2007 6:30am Jul 24, 2007 6:30am
Quoting allserene
going back long at 610 if euro is perking up - gbp can't do it alone
euro is alive ! show time !
  • #20,812
  • Jul 24, 2007 6:34am Jul 24, 2007 6:34am
Quoting allserene
euro is alive ! show time !
yes...g/j is also picking up.
  • #20,813
  • Jul 24, 2007 6:37am Jul 24, 2007 6:37am
The pair is trading on 2.0610 now. I don't see reasons for decrease, only up-trend. Next level for pair 2.07.
  • #20,814
  • Jul 24, 2007 6:44am Jul 24, 2007 6:44am
CBI report and last night’s smaller than expected rise in house price growth may be early indications of a broader slowdown in the UK economy.
For the time being the market is ignoring any potential implications of this news, driving cable higher on momentum alone.

speculation, speculation...
  • #20,815
  • Jul 24, 2007 7:04am Jul 24, 2007 7:04am
Quoting allserene
euro is alive ! show time !
look at that euro go man !

just sold my granny and put the money on 2650
  • #20,816
  • Jul 24, 2007 7:19am Jul 24, 2007 7:19am
dont sell my currency,...man,...sell ur own...:
its just money
  • #20,817
  • Jul 24, 2007 7:48am Jul 24, 2007 7:48am
The pair is on the move to new high today, limited correction seen in London session....

Any idea?
Hello World
  • #20,818
  • Jul 24, 2007 8:13am Jul 24, 2007 8:13am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
will cable touch todays high again?
I bet it will....
  • #20,819
  • Jul 24, 2007 8:19am Jul 24, 2007 8:19am
Quoting dado26
will cable touch todays high again?
I bet it will....
Bet?! Technically, it will; but I'm not sure. I have a long position already, and I'm not letting go..
Hello World
  • #20,820
  • Jul 24, 2007 8:44am Jul 24, 2007 8:44am
Quoting karmostaji
Trade what the chart shows and not the future

LONG Cable LONG

Spot On Karmo!

Trade what you see are the conditions of price, not what you think might be the projection of direction.
1,809 traders viewing now