Cable Update (GBPUSD) | Page 3167 | 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)

  • #63,321
  • Apr 30, 2008 1:20am Apr 30, 2008 1:20am
Folks,

I've used yesterday's screenshot to show this as I don't want to draw it again. I believe that we have room to reach the bottom trend line which goes off the page (just below the red box). About 1.9580.

This ride down has accumulated 245 pips since yesterday and now things are shaping up for the next move back up. In my opinion, it could be just as lucrative.

But I could be wrong.

A ton of news today so I'll be trading with extra care.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: cabel end of day.jpg Size: 192 KB
  • #63,322
  • Apr 30, 2008 1:21am Apr 30, 2008 1:21am
Quoting Moe
i say cable down to 9500 or lower, what happen to you FXdaily you can't catch a break, your done
i went long, no more downward for GBPUSD,
  • #63,323
  • Apr 30, 2008 1:23am Apr 30, 2008 1:23am
Quoting Ultraman
i went long, no more downward for GBPUSD,
Really? You might very well be right. It's not moving down any more. I guess that news was already factored in.
Expected the unexpected
  • #63,324
  • Apr 30, 2008 1:23am Apr 30, 2008 1:23am
Quoting scyang
Cable is not falling as fast as I thought it would. As a matter of fact, it's turned up a bit now, into 40s.
you rite man..
luckly i get cut loss at -3pips only
  • #63,325
  • Apr 30, 2008 1:26am Apr 30, 2008 1:26am
GBP/USD is it testing support? so we are gonna have clearer view on next candle? someone said it was enough to make the bear run from yesterday.
  • #63,326
  • Apr 30, 2008 1:27am Apr 30, 2008 1:27am
please don't take my word in this, but i don't see anything should stop cable from the falling to 1.9595 then 1.9516... that what i'm seeing on my chart
  • #63,327
  • Apr 30, 2008 1:29am Apr 30, 2008 1:29am
Quoting Ultraman
you rite man..
luckly i get cut loss at -3pips only
close long at +15pips with 3 lot
  • #63,328
  • Apr 30, 2008 1:31am Apr 30, 2008 1:31am
Quoting Abuawad

Hi,


I'm sorry for the absent during the last period it was out of my hands I had a bad car accident. Any haw I'll not be able to start from today adding my S/R table till the beginning of next month to watch the market and have a look on the last weeks and what really happen.

Sorry to hear, hope all are well. Welcome back
  • #63,329
  • Apr 30, 2008 1:38am Apr 30, 2008 1:38am
Was Waiting the 1.9590 to go long big time
expect it on news
ill wait more time if it didnt reach there ill go long small lots and keep adding
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 30 KB
Senior Trader Multi-Account Manager
  • #63,330
  • Apr 30, 2008 1:39am Apr 30, 2008 1:39am
Well from the looks of it, it may not get to 1.9590.
Expected the unexpected
  • #63,331
  • Apr 30, 2008 1:43am Apr 30, 2008 1:43am
Quoting lorix
Was Waiting the 1.9590 to go long big time
expect it on news
ill wait more time if it didnt reach there ill go long small lots and keep adding
me too, i went long on dips, wait it going down lil bit
  • #63,332
  • Apr 30, 2008 1:52am Apr 30, 2008 1:52am
G/m, cable finding resistance i@ 9702 area in the late U.s session y/day at re-test of the breeched Hrly Ascending Supp T/line.

251 the range y/day, (above the 5,10 and 20day averages) 9688-9649 the asian range, with 62pips range Hi-Lo today so far.

G/L with trading today to all.
Attached Image
ex member
  • #63,333
  • Apr 30, 2008 2:00am Apr 30, 2008 2:00am
Quoting bbmac
G/m, cable finding resistance i@ 9702 area in the late U.s session y/day at re-test of the breeched Hrly Ascending Supp T/line.

251 the range y/day, (above the 5,10 and 20day averages) 9688-9649 the asian range, with 62pips range Hi-Lo today so far.

G/L with trading today to all.
Hi bbmac,

I was wondering where you get your daily ranges from.
Are they off your charts or is there another resource which provides them?

Thanks.
Rob
  • #63,334
  • Apr 30, 2008 2:39am Apr 30, 2008 2:39am
What's going on? Cable heading higher and higher. This is not part of the plan.
Expected the unexpected
  • #63,335
  • Apr 30, 2008 2:45am Apr 30, 2008 2:45am
Quoting scyang
What's going on? Cable heading higher and higher. This is not part of the plan.
dude its been 340 pips down nonstop
a correction would be great so that we could sell again.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,336
  • Apr 30, 2008 2:46am Apr 30, 2008 2:46am
Quoting scyang
What's going on? Cable heading higher and higher. This is not part of the plan.
GBPUSD came down LOL
luckly my long close manual and now floating short
  • #63,337
  • Apr 30, 2008 2:47am Apr 30, 2008 2:47am
Quoting salah k.
dude its been 340 pips down nonstop
a correction would be great so that we could sell again.

You are right. I am not holding any positions. Just a spectator. Agreed. Some correction is due because it makes another downward run.
Expected the unexpected
  • #63,338
  • Apr 30, 2008 2:50am Apr 30, 2008 2:50am
Quoting Ultraman
GBPUSD came down LOL
luckly my long close manual and now floating short
hey bro
i wanted to ask u
do u see bad news for US dollar today???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,339
  • Apr 30, 2008 2:58am Apr 30, 2008 2:58am
Quoting salah k.
hey bro
i wanted to ask u
do u see bad news for US dollar today???
Plenty potentially damaging news can come out of the US tonight. Really have no idea what kind of a rollercoaster we will have.
Expected the unexpected
  • #63,340
  • Apr 30, 2008 3:00am Apr 30, 2008 3:00am
Quoting scyang
Plenty potentially damaging news can come out of the US tonight. Really have no idea what kind of a rollercoaster we will have.
i dont y everone's talking so negative
i think this FOMC statements will concentrate on inflation because of these unreal oil and food prices and hence the overall mood will be hawkish for dollar.

anyway thats wat i think.
i might be completely wrong in which case dollar will fall further.

anything can happen in this market.
"what doesn't bankrupt me, makes me stronger" modern nietzche
448 traders viewing now, 1 is registered: