Cable Update (GBPUSD) | Page 2392 | 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)

  • #47,821
  • Jan 2, 2008 11:47am Jan 2, 2008 11:47am
Is this thread about GU or GY ?
  • #47,822
  • Jan 2, 2008 2:11pm Jan 2, 2008 2:11pm
down cable down to 1.9758 please
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,823
  • Jan 2, 2008 2:17pm Jan 2, 2008 2:17pm
Just shorted GBPUSD
Long term suggest we got alot more to go before this bottom
'When the student is ready, the teacher will come'
  • #47,824
  • Jan 2, 2008 2:21pm Jan 2, 2008 2:21pm
Quoting Bodhimind
Just shorted GBPUSD
Long term suggest we got alot more to go before this bottom
Hope your right
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,825
  • Jan 2, 2008 2:30pm Jan 2, 2008 2:30pm
I have some interesting setups at my site below which I hope people pay attention. there is no bullish signal whatsoever and shorts seem to be in play further more. However we have hit some interesting support levels. after 22 months of a strong uptrend, last month we lost that strengh of an uptrend. However when looking at the last 2-3 years the pair is still in uptrend.

Second note a close beloe 1.9780 should take us perhaps another 100 pips lower. It is just not as safe to go short above 1.9780 which is the weekly support.
  • #47,826
  • Jan 2, 2008 3:29pm Jan 2, 2008 3:29pm
Quoting Alfista
I have some interesting setups at my site below which I hope people pay attention. there is no bullish signal whatsoever and shorts seem to be in play further more. However we have hit some interesting support levels. after 22 months of a strong uptrend, last month we lost that strengh of an uptrend. However when looking at the last 2-3 years the pair is still in uptrend.

Second note a close beloe 1.9780 should take us perhaps another 100 pips lower. It is just not as safe to go short above 1.9780 which is the weekly support.
Hay makes intresting reading -pretty much agree with you we are at the bottom of the weekly up.I have got a short term punt to the downside but have my stoploss at break even.I would like to get out of this downchannel to go long.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,827
  • Jan 2, 2008 3:32pm Jan 2, 2008 3:32pm
Quoting Bones
Hay makes intresting reading -pretty much agree with you we are at the bottom of the weekly up.I have got a short term punt to the downside but have my stoploss at break even.I would like to get out of this downchannel to go long.

shorts are still possible but very risky.. good that you put stop loss at break even. It is always a good technique if people are unsure about their trades. At this level this pair is a little bit mess for my strategy.
  • #47,828
  • Jan 2, 2008 3:38pm Jan 2, 2008 3:38pm
looking for a rejection here if not im out
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,829
  • Jan 2, 2008 3:40pm Jan 2, 2008 3:40pm
its so slow im falling asleep
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,830
  • Jan 2, 2008 4:04pm Jan 2, 2008 4:04pm
its possible to go both way but it will show after breakin one of these trendlines!!!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 31 KB
  • #47,831
  • Jan 2, 2008 4:10pm Jan 2, 2008 4:10pm
Quoting farzan
its possible to go both way but it will show after breakin one of these trendlines!!!

Still in triangle looks like its breaking bottom though

not sure what time frame that is?
Attached Image (click to enlarge)
Click to Enlarge Name: still in triangle.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #47,832
  • Jan 2, 2008 4:13pm Jan 2, 2008 4:13pm
It can
Forex is unpredictable
  • #47,833
  • Jan 2, 2008 4:17pm Jan 2, 2008 4:17pm
In this Chart Doin Down is more acceptable!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 30 KB
  • #47,834
  • Jan 2, 2008 4:40pm Jan 2, 2008 4:40pm
This is what I see. If break the 1.9750 area, could go to the next fibo level.

After hit 1.9650 area, strong support there. Could be a nice rally to the 78.6 fibo resistan.

See chat.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-USD Enero 2 Daily chart 1.96 area 2.png Size: 52 KB
Click to Enlarge Name: GBP-USD Enero 2 Daily chart 1.96 area.png Size: 37 KB
  • #47,835
  • Jan 2, 2008 6:17pm Jan 2, 2008 6:17pm
Quoting farzan
its possible to go both way but it will show after breakin one of these trendlines!!!
I think it is going to go down. First US economy is in shambles but GB economy is in more trouble. Secondly, last weeks pullback has fallen flat and we are seeing stong bearish candles for the last two days.
On the 4 hr chart a classic triangle is forming and the prior trend suggests that this will break downwards. I am going short if it breaks below todays opening range as the day has been fairly sideways.
  • #47,836
  • Jan 2, 2008 7:44pm Jan 2, 2008 7:44pm
gooday everyone,
the cable should have crushed the dollar by now, looks like they are going to lower rates AGAIN. hmmmmmmmm.................
  • #47,837
  • Jan 2, 2008 10:54pm Jan 2, 2008 10:54pm
I think cable heading south before london open.
After london open prepare for long.
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,838
  • Jan 2, 2008 10:59pm Jan 2, 2008 10:59pm
cable is very confusing at the dawn of the new year..........I hope that this is not what the year will be like..........
  • #47,839
  • Jan 2, 2008 11:03pm Jan 2, 2008 11:03pm
Quoting AmeriTrini
cable is very confusing at the dawn of the new year..........I hope that this is not what the year will be like..........

yup.. very confusing.
Trade carefully.
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,840
  • Jan 2, 2008 11:05pm Jan 2, 2008 11:05pm
Quoting AmeriTrini
cable is very confusing at the dawn of the new year..........I hope that this is not what the year will be like..........
Not much volume, Japan still close. London is the trading time.
612 traders viewing now, 5 are registered:
Ourdaras
,
behram
,
MrVee
,
khemunishad
,
Ne3ulaFX