Cable Update (GBPUSD) | Page 1088 | 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)

  • #21,741
  • Jul 29, 2007 3:26pm Jul 29, 2007 3:26pm
Quoting cesarnc
Never saw 0200 coming today, so I took profit of 1/2 of the remaining positions and now the rest are for the ride...

Expecting a retest of the 38% fib (0262) to make up my mind now....
Any chance to see or know which 2 points you are drawing your fibs from ?
  • #21,742
  • Jul 29, 2007 3:29pm Jul 29, 2007 3:29pm
Quoting Turtle
Looks like that 50% retrace of the high (0140ish) might be reached tonight..
If so, I'll be out.

Quote
Any chance to see or know which 2 points you are drawing your fibs from ?

Last bull run: low 1.9622 - high 2.0652
  • #21,743
  • Jul 29, 2007 3:30pm Jul 29, 2007 3:30pm
Damn, 2.0205 my stop loss was hit. What happened? Is Soros coming?

m30 chart GU almost bullish engulfing but it seems failed. If successful, could be three outside up. Let's wait and see 24 mins later after this candle will be closed.
  • #21,744
  • Jul 29, 2007 3:35pm Jul 29, 2007 3:35pm
Thank you, I understand now.
Seems to be some good confluence there, looking forward to it ;p
  • #21,745
  • Jul 29, 2007 3:35pm Jul 29, 2007 3:35pm
Up Down and all around.
  • #21,746
  • Jul 29, 2007 3:36pm Jul 29, 2007 3:36pm
Quoting santoso
Damn, 2.0205 my stop loss was hit. What happened? Is Soros coming?

m30 chart GU almost bullish engulfing but it seems failed. Let's see
This is time with low liquidity, man. Short at the lows right now too risky.

Try long UJ at the present levels, betting (yes gambling) a double bottom at 118.00. Risk 117.80 / reward who knows?
  • #21,747
  • Edited 4:05pm Jul 29, 2007 3:43pm | Edited 4:05pm
Quoting cesarnc
This is time with low liquidity, man. Short at the lows right now too risky.

Try long UJ at the present levels, betting (yes gambling) a double bottom at 118.00. Risk 117.80 / reward who knows?
118.00 is also yesterday low. Right now, UJ is testing the support line 118. If GJ, EJ drop, I think that UJ will drop too. GJ, EJ, UJ, those charts seem similar this time.
Thanks, Bro (Cesarnc).

GJ, EJ, UJ could be three outside up like GU at m30 chart. But GJ, EJ, UJ are just bullish engulfing and hammer. GU maybe three outside up, double hammer.
  • #21,748
  • Jul 29, 2007 4:05pm Jul 29, 2007 4:05pm
Quoting santoso
118.00 is also yesterday low. Right now, UJ is testing the support line 118. If GJ, EJ drop, I think that UJ will drop too. GJ, EJ, UJ, those charts seem similar this time.
Thanks, Bro (Cesarnc).

GJ, EJ, UJ could be three outside up like GU at m30 chart (4 mins to go).
There is no important data tomorrow and, unless some gossip or rumour or whatever, hit the market, last week's freakout in the stock market could be "price to buy" tomorrow. That can push the carry trades up a little, since they are also at their lows...

I'm looking for a "sanity recovery" on Monday and I'm trading accordingly. But who knows? Those demanding tight stoplosses are better off staying out until London....
  • #21,749
  • Jul 29, 2007 4:25pm Jul 29, 2007 4:25pm
Quoting SunTrader
TradeStation doesn't have a gap and I went down to the tick level.
that was 4 or 5 days ago
  • #21,750
  • Jul 29, 2007 4:43pm Jul 29, 2007 4:43pm
Chunnel longs thinving, added longs .0188 cable and short cadbuiry .0643
"Millionaires don't use astrology, billionaires do"
  • #21,751
  • Jul 29, 2007 5:06pm Jul 29, 2007 5:06pm
Quoting cesarnc
There is no important data tomorrow and, unless some gossip or rumour or whatever, hit the market, last week's freakout in the stock market could be "price to buy" tomorrow. That can push the carry trades up a little, since they are also at their lows...

I'm looking for a "sanity recovery" on Monday and I'm trading accordingly. But who knows? Those demanding tight stoplosses are better off staying out until London....
Exact same sentiment here. Price action is everything at the moment, at least for me..there is simply no way to predict how much further down it can go before a "sanity recovery" as you put it.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #21,752
  • Jul 29, 2007 5:43pm Jul 29, 2007 5:43pm
Quoting 59fender
that was 4 or 5 days ago
What is ? The chart that was posted showed a gap from July 17th. I looked and didn't have one on my data.

If you see one from 4 or 5 days ago, let me know when and I'll see if what I have shows the same.

Just because one brokers data shows a gap doesn't mean that the rest of the trading world wasn't doing any trading in that "gap".
  • #21,753
  • Edited 7:41pm Jul 29, 2007 6:06pm | Edited 7:41pm
GJ, EJ, UJ triple bearish harami seems at m30 chart. (wait till the red candle close).
Be careful, EJ resistance or support 161.60; GJ 239.88 - 240.08, UJ 118.52 at m30 chart. Their resistances seems too strong to be broken.

USD/CHF rounding bottom at daily chart but I put a pending order of short position or gamble at 1.2053 (10 pips from previous low or 1.2063 at m30 chart).

GU still sideways at m30 chart (hasn't break up or down).
  • #21,754
  • Edited 7:34pm Jul 29, 2007 6:32pm | Edited 7:34pm
took the liberty to sell some more cadbury 0657

shooting for 0523 ish

scalped this out gonna fire again soon

sold 0664 same target but prolly just scalp
"Millionaires don't use astrology, billionaires do"
  • #21,755
  • Jul 29, 2007 8:45pm Jul 29, 2007 8:45pm
Quoting soros_junior
EW counting from a fellow trader to ponder upon...

http://img411.imageshack.us/img411/9809/guqb8.jpg
good analysis, no reversal pattern yet.. thanks!
  • #21,756
  • Jul 29, 2007 10:27pm Jul 29, 2007 10:27pm
hi
first of all i wold like to thank you all people, i have one question only and please in very simple word where GBP will move is it up or down and until what point.
  • #21,757
  • Jul 29, 2007 10:38pm Jul 29, 2007 10:38pm
Hahaa, it will do both up and down as it does each day, at what point. It will stop going in one direction when the orders stop from the dominant side then it will reverse
"Millionaires don't use astrology, billionaires do"
  • #21,758
  • Jul 29, 2007 10:42pm Jul 29, 2007 10:42pm
Still Short Cable Short from 07/16 @2.0360
  • #21,759
  • Jul 29, 2007 11:25pm Jul 29, 2007 11:25pm
Quoting Abuawad
hi
first of all i wold like to thank you all people, i have one question only and please in very simple word where GBP will move is it up or down and until what point.
To the Right... until ur chart goes offline and will resume its movement to the right the moment u go back online
  • #21,760
  • Jul 29, 2007 11:29pm Jul 29, 2007 11:29pm
have covered chunnel longs willl buy again lower
"Millionaires don't use astrology, billionaires do"
453 traders viewing now