Cable Update (GBPUSD) | Page 149 | 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)

  • #2,961
  • Dec 21, 2006 10:34pm Dec 21, 2006 10:34pm
Quoting MoneyMa$ter
... I believe it was the great showman PT Barnum who said "There's one born every minute." Get it?
I dont get it
Man who scratches ass should not bite fingernails
  • #2,962
  • Dec 21, 2006 10:58pm Dec 21, 2006 10:58pm
Closed below the down trend line. See key points of daily chart below
Attached Image
  • #2,963
  • Dec 21, 2006 11:02pm Dec 21, 2006 11:02pm
So what are you thinking goodthings?


I'm thinking about going short @9632, TP@ 9532, SL@9652.

What are your thoughts?
  • #2,964
  • Dec 21, 2006 11:02pm Dec 21, 2006 11:02pm
Quoting Tiki Trader
So what is the plan for tonight??? Anyone got one ?
Tiki,

Plan was laid out hours ago. See posts 2859, 2860, 2864, 2869, 2870 and 2873 for the plan's evolution. See post 2912 for a summary of the plan. See the chart confirming the plan right on schedule.
  • #2,965
  • Dec 21, 2006 11:19pm Dec 21, 2006 11:19pm
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Durable Goods Orders m/m</TD></TR></THEAD><TBODY></TBODY></TABLE><TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Core Durable Goods Orders m/m</TD></TR></THEAD><TBODY></TBODY></TABLE><TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1 noWrap></TD><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Personal Spending m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Personal Income m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>PCE Price Index m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Core PCE </TD></TR></THEAD><TBODY></TBODY></TABLE>
I wonder what the heck is going to happen with all this news coming out for USD...?????????
trading on demo is not trading
  • #2,966
  • Dec 21, 2006 11:41pm Dec 21, 2006 11:41pm
Quoting enzo2325
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Durable Goods Orders m/m</TD></TR></THEAD><TBODY></TBODY></TABLE><TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Core Durable Goods Orders m/m</TD></TR></THEAD><TBODY></TBODY></TABLE><TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1 noWrap></TD><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Personal Spending m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Personal Income m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>PCE Price Index m/m</TD></TR></THEAD><TBODY></TBODY></TABLE>
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>8:30am </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Core PCE </TD></TR></THEAD><TBODY></TBODY></TABLE>
I wonder what the heck is going to happen with all this news coming out for USD...?????????
quote:
"There's one born every minute."

I would say something like,"There's one burned every minute". That is one thing for sure what would happen when the news come out.
I Love Forex Factory!
  • #2,967
  • Dec 21, 2006 11:42pm Dec 21, 2006 11:42pm
Never ceases to amaze me. You can provide answers and folks still ask the question you just answered. Oh well, a horse can be led to water but that won't make him an alcoholic.

Maybe if the dog barked the star spangled banner at midnight, in several different languages, then may folks would believe. Until then I guess I'll just have to SHOUT LOUDER!!!!

Friday's US data >>>>> dollar strength, moves cable lower, just like the previous two Fridays (NFP and CPI). See previous posts mentioned above.

Just information; not a recommendation.
  • #2,968
  • Dec 22, 2006 12:01am Dec 22, 2006 12:01am
Quoting MoneyMa$ter
Oh well, a horse can be led to water but that won't make him an alcoholic.
I gotta find that well....save me a bundle on my white Russians.

I am shorting cable at 9600....its like a pressure cooker ready to blow!
  • #2,969
  • Dec 22, 2006 1:18am Dec 22, 2006 1:18am
Its going up but you know how the european session moves one way fot 30 to 60 minutes and then the trend for the day goes in the opposite direction.
  • #2,970
  • Dec 22, 2006 1:18am Dec 22, 2006 1:18am
Ok it's game time I'm wanting to short the cable but they have news coming out and that will throw a wrench in things but once it settles down I'm thinking about shorting for sure as US is expected to have some good news and based on the chart it would appear that overall the cable is headed back to 9460s area.
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #2,971
  • Dec 22, 2006 1:23am Dec 22, 2006 1:23am
I have shorted the cable.
Go....

  • #2,972
  • Dec 22, 2006 1:40am Dec 22, 2006 1:40am
this is classic negative reversal with RSI Higher momentum incapable of bringing price over previous high. As long as 1.9696 holds, we should see a nice move down below 1.9500. See what happens!
Attached Image
Man who scratches ass should not bite fingernails
  • #2,973
  • Dec 22, 2006 1:41am Dec 22, 2006 1:41am
Samething holds true today in regards to the averages. Its high actually on my chart yesterday was 9696 and it hit 9558 for a 138 pip difference between the high and low. Once it establishes it's daily trend it does have it's common tendancies.

Quoting goodthings
according to the chart and with an established high of 9699 and the average daily movement for the pound being 138 pips from the high to the low its reasonable to think 9561. Around 120 pip movement is common which 9679 a 100 pip move the pound has done 73% of the time and 90 pips or more 80%.
  • #2,974
  • Dec 22, 2006 1:41am Dec 22, 2006 1:41am
I know the chart seems premature, that is why I stated that the condition must hold that 1.9696 not be broken.
Man who scratches ass should not bite fingernails
  • #2,975
  • Dec 22, 2006 1:43am Dec 22, 2006 1:43am
Honestly Leugimp, i dont think its going anywhere near 1.9696. I think that the most that it will go is maybe the 50's or into the 60's
I dream, therefore I become.
  • #2,976
  • Dec 22, 2006 1:48am Dec 22, 2006 1:48am
my chart said 9648 is daily high so far if that's the case we could be looking at around 9510 if it hits its daily average of 138 pip difference between high and low. Thats just based on what I call average statitistical probablility. Technically it could be differenct. Any way not to complicte things it normally moves 90 or more pips
  • #2,977
  • Dec 22, 2006 1:50am Dec 22, 2006 1:50am
Quoting mike w
Honestly Leugimp, i dont think its going anywhere near 1.9696. I think that the most that it will go is maybe the 50's or into the 60's
I think you're right. Right now the price is at the 61.8% retracement of the yesterday's high and low. Also at the upside TL of the downtrend channel on the 4h chart.
  • #2,978
  • Dec 22, 2006 2:03am Dec 22, 2006 2:03am
I'm thinking 1.9664 MAX on a HIGH. SHORTING looking good.
Show me the PIPS!
  • #2,979
  • Dec 22, 2006 2:03am Dec 22, 2006 2:03am
Good morning everyone...

Impressive how this baby is working within the channel, isn't it?

I'm sooooooo shorting it today :

Good Luck all
  • #2,980
  • Dec 22, 2006 2:04am Dec 22, 2006 2:04am
verrryyyy good, especially if it gives a better place to buy, maybe a quick rise in say ten to 15 pips. Just look back at yesterday and its the same deal. Good luck to everybody on this move.
I dream, therefore I become.
713 traders viewing now, 3 are registered:
buyhighcry
,
,
ricmaj