Cable Update (GBPUSD) | Page 235 | 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)

  • #4,681
  • Jan 3, 2007 11:42am Jan 3, 2007 11:42am
Quoting Ghostpipper
so in yer oppinion Mike what do u see in the charts? especially that 1
double top with a lower low, lower than the previos low at 1.9518
  • #4,682
  • Jan 3, 2007 11:45am Jan 3, 2007 11:45am
Quoting mtrmth
i think we need a cattle prod on him cesar!!
Sorry, don't know what "cattle prod" means...

That's embarassing...

My second challenge in forex is understanding most of what you guys say...

Just kidding. English is not my first language, you know.
  • #4,683
  • Jan 3, 2007 11:47am Jan 3, 2007 11:47am
not to mention the nice pins forming on the jpy and chf(off the 365) Nice when all the USD majors line up(not so much the jpy of course)

Man I still can't belive I got sick on this GBP move! I usually never care but boy that was a big time mover! AHH

  • #4,684
  • Jan 3, 2007 11:48am Jan 3, 2007 11:48am
Euro retraced to 3170s 23% fib
Chf retraced to 2250 23%fib
JPY retraced to 119.40 23% fib

so whats GBP waiten for she is silly 23% fib for GBP is around 9545 or so

wouldnt the other 3 being as they have done the minimal 23% retrace be a good indicator that the GBP will do it as well?

Of coarse i know market doesnt have to do anything so spare me that jibber jabba please

real oppinions please
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,685
  • Jan 3, 2007 11:49am Jan 3, 2007 11:49am
the needle is stuck on your chart... tap it a little... my GBP is already up
  • #4,686
  • Jan 3, 2007 11:50am Jan 3, 2007 11:50am
Unless there is an event specifically affecting yen pairs, I usually look at these 2 pairs in tandem.

I find it enlightening that poundyen has retraced to 23.6 fib and looks to be continuing down again. It makes me suspicious that cable may do something similar, and if cable continues down it is most likely to the area of 9340-9360. As to how far poundyen will go, I may have to reevaluate since there are things suggesting that it may go a very long way down--or maybe not so far. In any case, as of now there has just not been much of an effort by cable to retrace. I think all it has given is something like 30 pips, which after a 250 pip move is negligeable. I am beginning to wonder whether the retracement may not be delayed until it goes further down still. Unlikely, but I guess anything is possible.
  • #4,687
  • Jan 3, 2007 11:52am Jan 3, 2007 11:52am
Quoting Tiki Trader
the needle is stuck on your chart... tap it a little... my GBP is already up
unless at around 9:45 central time when it hit 9537 , if thats considered retrace to 23% fib but it went lower after that


ur needle must be messes up she never went above 9517 for me
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,688
  • Jan 3, 2007 11:53am Jan 3, 2007 11:53am
I agree... it is like it really wants to go down... I am leery too
  • #4,689
  • Jan 3, 2007 11:55am Jan 3, 2007 11:55am
ya ya just jokin about the needle...

I am measuring my fibs by the lowest low so far today.

Your dot is red... I guess mine is next
  • #4,690
  • Jan 3, 2007 11:58am Jan 3, 2007 11:58am
Is this from the day's high to the day's low? Euro hasn't retraced yet to 23% fib in my chart.

Quoting Ghostpipper
Euro retraced to 3170s 23% fib
  • #4,691
  • Jan 3, 2007 12:01pm Jan 3, 2007 12:01pm
Quoting mbqb11
So now if we ge a pin bar off the lower channel and it confirms, I will look to take a long. Again, we have to wait for all this to happen, this just helps me keep my eye on where to be looking. Price action is more important on where its happening then anything.

Best

mbqb11
Is the pin bar confirmed?
  • #4,692
  • Jan 3, 2007 12:01pm Jan 3, 2007 12:01pm
looks like support right there 1.9504
  • #4,693
  • Jan 3, 2007 12:04pm Jan 3, 2007 12:04pm
Quoting REPApips
Is this from the day's high to the day's low? Euro hasn't retraced yet to 23% fib in my chart.
on my chart it flirted with it right at 3174 high of 19:00 today

i took high of 3295 a bit higher than todays high i guess
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,694
  • Jan 3, 2007 12:04pm Jan 3, 2007 12:04pm
guys, add 200SMA to you charts. possible support line... just an idea. any comments?
  • #4,695
  • Jan 3, 2007 12:08pm Jan 3, 2007 12:08pm
Trend line from 10-16-06 thru 11-16-06 next support should be approx 1.9400
{Link Removed Rule #3}
  • #4,696
  • Jan 3, 2007 12:10pm Jan 3, 2007 12:10pm
Quoting sarama001
mbqb11
Is the pin bar confirmed?
the pin bars on the USD pairs are not ideal. The most ideal one is over at the USD/JPY. The placement of the GBP and CHF are nice tho, on the 200 and 365 respectivley
  • #4,697
  • Jan 3, 2007 12:10pm Jan 3, 2007 12:10pm
OK, thanks.



Quoting Ghostpipper
on my chart it flirted with it right at 3174 high of 19:00 today

i took high of 3295 a bit higher than todays high i guess
  • #4,698
  • Jan 3, 2007 12:16pm Jan 3, 2007 12:16pm
I see the BUOVB at 1 hour chart. am I wrong?
  • #4,699
  • Jan 3, 2007 12:21pm Jan 3, 2007 12:21pm
Quoting c1ro
I see the BUOVB at 1 hour chart. am I wrong?
c1ro,

please, make it clear, what BUOVB is?
  • #4,700
  • Jan 3, 2007 12:26pm Jan 3, 2007 12:26pm
Quoting c1ro
I see the BUOVB at 1 hour chart. am I wrong?
As seen on James16 thread.
4h also seems to have formed a sort of pin bar. But euro and swissy aren't 100% as convincing. However usdjpy pinned bearish, so hey, we might get a bit of a move back.
Normal entry would be on either a retrace or when it breaks. Not much stop to risk down here, but 1h isn't exactly reliable, especially when it comes from news and in 2.5 hours we will have a bearish engulfing daily candle that engulfs 4 or 5 weekdays. Ahem. Not very bullish to me

I'm done with cable for today, waiting for London.
Attached Image
Trust price. Know yourself.
451 traders viewing now