Cable Update (GBPUSD) | Page 2458 | 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)

  • #49,141
  • Jan 10, 2008 2:34pm Jan 10, 2008 2:34pm
your welcome................

http://www.dailyfx.com/story/chartin...712407320.html
  • #49,142
  • Jan 10, 2008 2:38pm Jan 10, 2008 2:38pm
Quoting Ash
Well, to be honest this bear had his 2948 pips for breakfast this morning while everyone was fighting, doubting and calling each other names for the last 2 months. Had everyone been following the charts, you could've joined in also.

I'll join in with bulls when the time comes. For the time being, good luck to you guys and ladies. This thread is a joke.
Go Ash Go!!!
Cable is my sugardaddy
  • #49,143
  • Jan 10, 2008 2:41pm Jan 10, 2008 2:41pm
anyone know what happen to QS?
If I Go Broke Trying Then I Will die happy.
  • #49,144
  • Jan 10, 2008 2:42pm Jan 10, 2008 2:42pm
Quoting Moe
anyone know what happen to QS?
I wish that I knew.............
  • #49,145
  • Jan 10, 2008 2:45pm Jan 10, 2008 2:45pm
Quoting bohogirl
Go Ash Go!!!

Thanks!
Humble Lifetime Member
  • #49,146
  • Jan 10, 2008 2:45pm Jan 10, 2008 2:45pm
Quoting AmeriTrini
your welcome................

http://www.dailyfx.com/story/chartin...712407320.html


Thanks.
  • #49,147
  • Jan 10, 2008 2:46pm Jan 10, 2008 2:46pm
Quoting AmeriTrini
I wish that I knew.............
THEY COME AND GO AROUND HERE ALL THE TIME, sorry about large cap, to lazy to change them now
If I Go Broke Trying Then I Will die happy.
  • #49,148
  • Jan 10, 2008 2:47pm Jan 10, 2008 2:47pm
Quoting MykeFX
Thanks.
go get em!!..........
  • #49,149
  • Jan 10, 2008 2:55pm Jan 10, 2008 2:55pm
pfxglobal and dailyfx has not been really accurate lately.
awful... if you want to get some laughs just to their video history and compare them with the charts. almost nothing happened and most of the time the opposite.
so, beware...

many times i even think i know more than they do....
  • #49,150
  • Jan 10, 2008 3:04pm Jan 10, 2008 3:04pm
Quoting acidguy
pfxglobal and dailyfx has not been really accurate lately.
awful... if you want to get some laughs just to their video history and compare them with the charts. almost nothing happened and most of the time the opposite.
so, beware...

many times i even think i know more than they do....
I do not know too much about dailifx, but I follow pfxglobal on a daily basis. I actually think that the folks who run pfxglobal are very nice people who teach and explain a lot of things while not charging one penny.

I do not use them as indicators though, because that would be stupid, but I definitely like to see their take just to have a broader idea. They might point to things I have missed etc.

As far as them being accurate, no one will ever be accurate 100% of the times. However, they were great in poitning out that GBP would have reached the 2.10 levels and also indicated a few good EURUSD breakouts lately, expecially with the formation of pennants and triangles.

Also, I love how the explain how forex options work, which is something not too many people know much about. I do not trade options for now, but if one day I'll ever do, it 'll be thanks to pfxglobal.

But you won't go nowhere without your own system and analysis...
"Lunch ? Lunch Is For Wimps !"
  • #49,151
  • Jan 10, 2008 3:14pm Jan 10, 2008 3:14pm
Hey buddys who weiting me im back now and lets start tommorrow but now goood night ! Tommorrow Good NEWs and we can ride .
  • #49,152
  • Jan 10, 2008 4:05pm Jan 10, 2008 4:05pm
GBP/USD will retrace back to 1.9753
If we cross easily 1.9670 level...
And then it will fall down again...

USD will cut rate as market talks and FED futures tell 50 BPS
And BOE will cut next meeting also..

So we see weakness in both..

Technically GBP/USD will fall.. so best of luck
  • #49,153
  • Jan 10, 2008 4:32pm Jan 10, 2008 4:32pm
Quoting MrFuture
I'd be careful....on the 1hr chart I see a clear triangle pushing downwards.

Even though things are going bad for the USA there's a strong bearish feeling on the GBP now...very very strong....just take a look at the latest COT #s....
The COT report shows the commercials and speculators at extreme opposites, with the commercials LONG on cable.

Usually, if not always, the commercials are proven right with a significant
move in their direction. That's not to say now is the time to go long based on the COT data alone. It can take WEEKS for this to be realized. It's more of a "heads-up" to look for good technicals to go long. It can move several hundred pips against the commercials before making a fairly sudden and change in direction with a large move over several days.


Now, the current report is from Dec 31, and the previous reports also shows extreme divergence between the commercials and specs, and the Cable was higher then but now the divergence is even more extreme...like I said, this can go on for a while, with price moving against the commercials.

We'll have to see the report tomorrow for Jan 8, the thing to look for is a pullback from the extremes, looks like a hook on the graph. That is often the precursor to the change in direction.

That said, with the no change in interest from the BOE, and the almost certain rate reduction by the US later this month, I'm wondering if we are close to the bottom, maybe that support we've seen the last two days at around 1.9550.

that's my understanding anyway,
my 2 pips
  • #49,154
  • Jan 10, 2008 4:33pm Jan 10, 2008 4:33pm
Quoting jacobtrader
GBP/USD will retrace back to 1.9753
If we cross easily 1.9670 level...
And then it will fall down again...

USD will cut rate as market talks and FED futures tell 50 BPS
And BOE will cut next meeting also..

So we see weakness in both..

Technically GBP/USD will fall.. so best of luck
lol man, apologize gbp, this currency has not behaved bad with you, or it has?

you seem like somehow obssesed to see it destroyed.
pound is lovely but also sometimes way crazy.
  • #49,155
  • Jan 10, 2008 7:04pm Jan 10, 2008 7:04pm
Quoting FXdaily
Hey buddys who weiting me im back now and lets start tommorrow but now goood night ! Tommorrow Good NEWs and we can ride .
....hey Fxdaily,long time no see you...whats up wit the cable?
  • #49,156
  • Jan 10, 2008 7:19pm Jan 10, 2008 7:19pm
i trade long from now at 1.9600..... stoploss at 1.9595.......risk on your owns....
be patient, self-belief and discipline... stay focus...
  • #49,157
  • Jan 10, 2008 7:38pm Jan 10, 2008 7:38pm
Quoting Trillionaire
The COT report shows the commercials and speculators at extreme opposites, with the commercials LONG on cable.

Usually, if not always, the commercials are proven right with a significant
move in their direction. That's not to say now is the time to go long based on the COT data alone. It can take WEEKS for this to be realized. It's more of a "heads-up" to look for good technicals to go long. It can move several hundred pips against the commercials before making a fairly sudden and change in direction with a large move over several days.


Now, the current report is from Dec 31, and the previous reports also shows extreme divergence between the commercials and specs, and the Cable was higher then but now the divergence is even more extreme...like I said, this can go on for a while, with price moving against the commercials.

We'll have to see the report tomorrow for Jan 8, the thing to look for is a pullback from the extremes, looks like a hook on the graph. That is often the precursor to the change in direction.

That said, with the no change in interest from the BOE, and the almost certain rate reduction by the US later this month, I'm wondering if we are close to the bottom, maybe that support we've seen the last two days at around 1.9550.

that's my understanding anyway,
my 2 pips
So refreshing to see some reasoned anaysis in this thread (for a change)
Darkness lies one inch ahead..
  • #49,158
  • Jan 11, 2008 1:18am Jan 11, 2008 1:18am
i am fresh at using cot data for my trades. i have a question. for instance on the latest cot data(dec 31) GBP is bullish and AUD is Bullish and am to trade GBPAUD. wht should be my bias since for the pair since both currency pairs seems to be in the same direction.
thanks i will apprieciate suggestions
  • #49,159
  • Jan 11, 2008 1:18am Jan 11, 2008 1:18am
WTF happpend with cable? Anyone knows what caused that drop?
"Of all the things I've lost, I miss my mind the most"
  • #49,160
  • Jan 11, 2008 1:21am Jan 11, 2008 1:21am
like my post yesterday ! nothing can stop the falling of GBP/USD

19500

::
::
::
::
::
::
::
::
::
V

19400
989 traders viewing now, 2 are registered:
,