Cable Update (GBPUSD) | Page 1989 | 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)

  • #39,761
  • Nov 15, 2007 2:55pm Nov 15, 2007 2:55pm
Quoting Designer1
what is the next target of GBP/USD its right now 2.0439

what is the next target for today going up or down?

I never have a target, I just follow the damm thing until it say profits are shrinking get out now.
Just Trade It
  • #39,762
  • Nov 15, 2007 3:59pm Nov 15, 2007 3:59pm
Fed pumped $47 billion into the market today.

The only remarkable event today, imo.

BTW, biggest infusion since Sept/2001.
  • #39,763
  • Nov 15, 2007 4:15pm Nov 15, 2007 4:15pm
Anyone agree with my trendline assessment of cable. I said it before and I'll say it again, a trendline break and a break below the 50 day moving average on the daily chart is very negative price action. Especially simultaneously.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 25 KB
  • #39,764
  • Nov 15, 2007 4:19pm Nov 15, 2007 4:19pm
Quoting michael7
Anyone agree with my trendline assessment of cable. I said it before and I'll say it again, a trendline break and a break below the 50 day moving average on the daily chart is very negative price action. Especially simultaneously.
That trend line is whack!!!!
  • #39,765
  • Nov 15, 2007 4:32pm Nov 15, 2007 4:32pm
Quoting michael7
Anyone agree with my trendline assessment of cable. I said it before and I'll say it again, a trendline break and a break below the 50 day moving average on the daily chart is very negative price action. Especially simultaneously.
I do.

Now moving to weekly, cable topped at the top of the channel and not crazy if it goes down to the bottom. Now at 2.01/00 area.

Dollar is already showing some dignity across the board, euro exception. As soon as some euro dumping get started, cable is going to fall faster.
Attached Image
  • #39,766
  • Nov 15, 2007 4:44pm Nov 15, 2007 4:44pm
Quoting cesarnc
I do.

Now moving to weekly, cable topped at the top of the channel and not crazy if it goes down to the bottom. Now at 2.01/00 area.

Dollar is already showing some dignity across the board, euro exception. As soon as some euro dumping get started, cable is going to fall faster.
This Asian/London session should be interesting, with no major news for them, the question will be how much "FEAR" is in the markets....

And then again it's FRIDAY!!!!!!!!!

Got my popcorn ready to watch the show.........
  • #39,767
  • Nov 15, 2007 5:48pm Nov 15, 2007 5:48pm
On 4hr chart the bear look weeker now..

Anyone long?
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,768
  • Nov 15, 2007 6:58pm Nov 15, 2007 6:58pm
Quoting Qu|cksilver
On 4hr chart the bear look weeker now..

Anyone long?

EURUSD creeping up...maybe GPB follow?
  • #39,769
  • Nov 15, 2007 7:52pm Nov 15, 2007 7:52pm
Quoting cesarnc
Fed pumped $47 billion into the market today.

The only remarkable event today, imo.

BTW, biggest infusion since Sept/2001.


Hi Cesarnc, Is there a link to that event or why they added money again?
  • #39,770
  • Nov 15, 2007 7:57pm Nov 15, 2007 7:57pm
Quoting Kayoubi
Hi Cesarnc, Is there a link to that event or why they added money again?
This gonna be intresting event today!
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,771
  • Nov 15, 2007 8:39pm Nov 15, 2007 8:39pm
Short in short term?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.gif Size: 21 KB
  • #39,772
  • Nov 15, 2007 8:49pm Nov 15, 2007 8:49pm
China orders Shenzhen banks to limit cash withdrawals - report

Fri, Nov 16 2007, 01:51 GMT
http://www.afxnews.com

BEIJING (XFN-ASIA) - Commercial banks in the southern Chinese city of Shenzhen have been ordered to limit cash withdrawals in a bid to cut off sources of unauthorized investment in Hong Kong stocks, the official China Securities Journal reported.

The newspaper, citing banking sources, said the local branch of the People's Bank of China imposed limits of 30,000 yuan for over-the-counter transactions by individuals and 100,000 yuan for corporate accounts.

Previously there were no restrictions on teller withdrawals, except for branch requirements to withdraw large amounts by appointment.

The 20,000 yuan daily ATM withdrawal limit was not affected, it added.

(1 usd = 7.43 yuan)



more news: China orders Shenzhen banks to limit cash withdrawals - report
  • #39,773
  • Nov 15, 2007 9:15pm Nov 15, 2007 9:15pm
[quote=BRForex;1717336] China orders Shenzhen banks to limit cash withdrawals - report

Fri, Nov 16 2007, 01:51 GMT
http://www.afxnews.com

BEIJING (XFN-ASIA) - Commercial banks in the southern Chinese city of Shenzhen have been ordered to limit cash withdrawals in a bid to cut off sources of unauthorized investment in Hong Kong stocks, the official China Securities Journal reported.


I think mainland China might singlehandedly destroy the Hong Kong stock market.
  • #39,774
  • Nov 15, 2007 10:03pm Nov 15, 2007 10:03pm
Quoting firemed36
EURUSD creeping up...maybe GPB follow?
or GBP went down ... maybe EUR follow ???
  • #39,775
  • Nov 15, 2007 10:34pm Nov 15, 2007 10:34pm
GU back to square 1.. i wonder if it'll go down to 2.0000 next month.. looks likely.. from my point of view.
  • #39,776
  • Nov 16, 2007 12:19am Nov 16, 2007 12:19am
I'm long 2.0430 stoploss 2.0400
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,777
  • Nov 16, 2007 12:42am Nov 16, 2007 12:42am
Quoting Qu|cksilver
I'm long 2.0430 stoploss 2.0400
I am with you on this long at 442. I think it will go to around 490-495 if breaks 500 I dont think it will stop before 600.
  • #39,778
  • Nov 16, 2007 1:04am Nov 16, 2007 1:04am
Quiet so far...
  • #39,779
  • Nov 16, 2007 1:07am Nov 16, 2007 1:07am
Quoting Runway Trade
I am with you on this long at 442. I think it will go to around 490-495 if breaks 500 I dont think it will stop before 600.
I still need confirmation again on 4hr candle. Price must open above 470.

55mins to go..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,780
  • Nov 16, 2007 1:59am Nov 16, 2007 1:59am
Quoting Qu|cksilver
I still need confirmation again on 4hr candle. Price must open above 470.

55mins to go..
i long at .0418 n will T/P at .0500 ... looking for a bear after dat. it's been lingering at .047x for sometime now..
silver , u still looking for .0600 ??
291 traders viewing now