Cable Update (GBPUSD) | Page 58 | 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)

  • #1,141
  • Dec 10, 2006 5:52pm Dec 10, 2006 5:52pm
Friday could've been good for me, but dammit.
I had sell before news, then i stopped sell, and bought gbp. went up, good good. Sold again. Market moved up, had SL at 9720, it hit 9726 and tumbled to 9510.

CRAP!
  • #1,142
  • Dec 10, 2006 5:54pm Dec 10, 2006 5:54pm
you should never chase the market. Let that be a lesson learned. I did that b4 and lost very very big in less than 1 hour.



Quoting m00jiman
Friday could've been good for me, but dammit.
I had sell before news, then i stopped sell, and bought gbp. went up, good good. Sold again. Market moved up, had SL at 9720, it hit 9726 and tumbled to 9510.

CRAP!
  • #1,143
  • Dec 10, 2006 6:08pm Dec 10, 2006 6:08pm
fixme1too,
The pound sunday's close is higher than friday's close. Does it mean it is going up on Monday?
  • #1,144
  • Dec 10, 2006 6:14pm Dec 10, 2006 6:14pm
this could have been our time to get in right now

for the move up just place tight stop
  • #1,145
  • Dec 10, 2006 6:17pm Dec 10, 2006 6:17pm
didnt see 9508 but got 9510 now place your tight stop
this is the second test of the 9505 area i was speaking of
  • #1,146
  • Dec 10, 2006 6:27pm Dec 10, 2006 6:27pm
this 5 is going to 261
  • #1,147
  • Dec 10, 2006 6:28pm Dec 10, 2006 6:28pm
We're now below 9500. At what point does your model suggest a breather upwards before the fall?
  • #1,148
  • Dec 10, 2006 6:32pm Dec 10, 2006 6:32pm
the breather looks like it was sunday

because as you said we broke the low of 9508 and 9500 hence tight stop
lol
  • #1,149
  • Dec 10, 2006 6:34pm Dec 10, 2006 6:34pm
Quoting fixme1too
this 5 is going to 261
Does this mean that you expect 9261?
  • #1,150
  • Dec 10, 2006 6:36pm Dec 10, 2006 6:36pm
fib we were at 161 thats why i said tight stop 261 is fib

my over all move is 9043

Quoting 1Sundevil
Does this mean that you expect 9261?
  • #1,151
  • Dec 10, 2006 6:37pm Dec 10, 2006 6:37pm
Quoting fixme1too
this 5 is going to 261
Hi fixme1too,

What do u mean this 5 is going to 261??
  • #1,152
  • Dec 10, 2006 6:39pm Dec 10, 2006 6:39pm
261 puts us at 38 fib on daily. the same area i was telling you to watch out for the whip saw from last friday. because we still had not hit the 38% fib on daily.
  • #1,153
  • Dec 10, 2006 6:43pm Dec 10, 2006 6:43pm
Quoting fixme1too
didnt see 9508 but got 9510 now place your tight stop
this is the second test of the 9505 area i was speaking of
btw, how do u know it will downward test?
  • #1,154
  • Dec 10, 2006 6:47pm Dec 10, 2006 6:47pm
If the GBP breaks above 1.9520 on the hourly candle in ten minutes I expect a Long position, if not, it may stay Short.

Monarch
  • #1,155
  • Dec 10, 2006 6:49pm Dec 10, 2006 6:49pm
wave counts and price action from past just like last sunday same thing happened. it maynot be to late for the up move but would wait. now could be overextened B wave tomorrow will tell better. if it turns out that we are still going down turn up overall should happen by end of week early next week to 9770's before we go down to 9040's



Quoting c1ro
btw, how do u know it will downward test?
  • #1,156
  • Dec 10, 2006 6:50pm Dec 10, 2006 6:50pm
i wouldnt say next ten min. you get very little volume on sundays so very east to get mixed signals.



Quoting monarch
If the GBP breaks above 1.9520 on the hourly candle in ten minutes I expect a Long position, if not, it may stay Short.

Monarch
  • #1,157
  • Dec 10, 2006 6:55pm Dec 10, 2006 6:55pm
We did see a 50 pip drop in 1 hour just now, lets see if the bottom holds for here.

Monarch
  • #1,158
  • Dec 10, 2006 7:17pm Dec 10, 2006 7:17pm
Quoting monarch
We did see a 50 pip drop in 1 hour just now, lets see if the bottom holds for here.

Monarch
What target GU will drop , before reverse to UP trend
  • #1,159
  • Dec 10, 2006 7:19pm Dec 10, 2006 7:19pm




Quoting monarch
Thanks for Post 1135 on the Pounds Weekly High and Low information, its handy to have on my desk for reference.


Monarch
  • #1,160
  • Dec 10, 2006 7:28pm Dec 10, 2006 7:28pm
Anybody know what kind of movement the news announcements will create at 4:30am eastern time.
457 traders viewing now, 1 is registered: