Cable Update (GBPUSD) | Page 3187 | 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)

  • #63,721
  • May 1, 2008 8:13am May 1, 2008 8:13am
GBP/USD: Sell Stops Tripped, UK Clearer Sees Scope to 1.9600-25 London, May 1. Batches of tripped sell stops have helped depress cable to an intra-day low of 1.9765, as the pound gives up more of its gains of the past 24 hours. 1.9910 was today"s early Europe high.
A UK clearer sees scope for declines to 1.9600-25, as it thinks "GBP will face considerable headwinds in an environment of weakening UK growth and potentially more aggressive BoE rate cuts". Asian demand helped to base GBP/USD at two-week lows circa 1.9625 yesterday, following weak Nationwide UK house price data. 1.9600 was last month"s double-day low (Apr 15/16).
Trading is 80% Emotional, 20% Technical
  • #63,722
  • May 1, 2008 8:14am May 1, 2008 8:14am
That report above, is it saying 100% retrace?

Quoting Moe
1.9696
Same here... We at the 50% fib on the 15min which is giving some trouble but hoping to push through. I think traders taking some profit at this point the samething occured yesterday, lets see if its a repeat of yesterday, but in the opposite direction.
  • #63,723
  • May 1, 2008 8:14am May 1, 2008 8:14am
I'm holding long as well at 1.9821.
"The trend is your friend, until the end."
  • #63,724
  • May 1, 2008 8:15am May 1, 2008 8:15am
Quoting Moe
1.9696
Thanks that should get me out of the shit from yesterday. Riding losses cleaver hey! Stupid stupid stupid!
  • #63,725
  • May 1, 2008 8:15am May 1, 2008 8:15am
i exited already .....not feeling entirely confident
  • #63,726
  • May 1, 2008 8:16am May 1, 2008 8:16am
Quoting Runway Trade
Thanks that should get me out of the shit from yesterday. Riding losses cleaver hey! Stupid stupid stupid!
1.9753 might give a bounce
  • #63,727
  • May 1, 2008 8:20am May 1, 2008 8:20am
i am angry because i missed my short never reached 1.9930 AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
When life gives you lemons, make lemonade
  • #63,728
  • May 1, 2008 8:20am May 1, 2008 8:20am
Just jumped on a UJ long down here, easier to pick S/R on it currently.

Channel is down, but there is more news to setup for in 42mins time.

I think a mate woulda just been margin called on Euro working out the math
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,729
  • May 1, 2008 8:20am May 1, 2008 8:20am
Quoting Runway Trade
Has anyone got at target for this low?
i saw cable targeting 9700
{Promotion Removed}
  • #63,730
  • May 1, 2008 8:23am May 1, 2008 8:23am
Quoting micho
i am angry because i missed my short never reached 1.9930 AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Micho, a trade is like a marriage. it's always better to see one and wish you were in it than to be in one and wish you could get out!


Regards,
C
{Promotion Removed}
  • #63,731
  • May 1, 2008 8:26am May 1, 2008 8:26am
Closed my short @1.9876, will short again if it bounces off the daily pivot (1.9894)
"Luxury is one of the basic needs", (c), Don Corleone
  • #63,732
  • May 1, 2008 8:26am May 1, 2008 8:26am
Do NOT mention the M word, the M word is not a word to be joking around with, it does spell out the end of a mans life.

Can I have a moments silence pls for all the poor buggers that got nagged into it!! LOSERS
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,733
  • May 1, 2008 8:33am May 1, 2008 8:33am
I'm still holding on.
100 pips!!

Lets see what happens. Resting dead-on with 50% marker.
  • #63,734
  • May 1, 2008 8:34am May 1, 2008 8:34am
Quoting ciscoguy
Micho, a trade is like a marriage. it's always better to see one and wish you were in it than to be in one and wish you could get out!


Regards,
C
ya i made a wrong draw of the trend line it was supposed to be around 1.9910 so i was aiming at 1.9930 to sell but didn't reach :S
When life gives you lemons, make lemonade
  • #63,735
  • May 1, 2008 8:44am May 1, 2008 8:44am
Quoting nAVIN2007
i exited already .....not feeling entirely confident
you were right guy! beautiful green pips for u i m short since 1.9830, waiting 1.97 to exit. I hope to visit the other side of the channel to get some safe longs

Or i dunno we have already bounced on Eur/Gbp on the down of the channel, Eur is resisting very well. maybe we will resume the main trend very soon. I m waiting for 850 on gold
  • #63,736
  • May 1, 2008 8:53am May 1, 2008 8:53am
Something of note, since this market prone to reversals lacking any real direction a good indicator is the 4hour Stochs, see how key over brought and over sold has generally resulted in reversals....

could be very useful to u if your stuck in a trade midrange and looking for exits/reversals etc,
Attached Image (click to enlarge)
Click to Enlarge Name: 4hour stochs.JPG Size: 195 KB
Trading is 80% Emotional, 20% Technical
  • #63,737
  • Edited 9:17am May 1, 2008 9:01am | Edited 9:17am
Clearly a tussle is going on between bulls and bears....

I wonder who will win?

It is ovesold right now on the 15min..I agree. I'm thinking this may be the end.

But my 1HR doesnt agree yet so I'm still holding...130!! @ the 61 fib...
  • #63,738
  • May 1, 2008 9:02am May 1, 2008 9:02am
Quoting hirek
you were right guy! beautiful green pips for u i m short since 1.9830, waiting 1.97 to exit. I hope to visit the other side of the channel to get some safe longs

Or i dunno we have already bounced on Eur/Gbp on the down of the channel, Eur is resisting very well. maybe we will resume the main trend very soon. I m waiting for 850 on gold

yeah i was but i didnt get pips infact i exited at a loss.....oh well i really need to get in check with my emotions i exited cause i dont think funny enough today it will sink because of the weekly chart
we have been down threee times already and price got rejected, im expecting this week to end bullish so i actually bought at the 50 retracement ...
  • #63,739
  • May 1, 2008 9:05am May 1, 2008 9:05am
yep big tussle going on, keep trading the range, the upside more likely to give way than the down side in my view.... very tricky none the less
Trading is 80% Emotional, 20% Technical
  • #63,740
  • May 1, 2008 9:06am May 1, 2008 9:06am
Uh most of charts so messy that i not even look.

I think you gyes look situation too difficul way.

Like i did say , i am short and we need US to push down,

Simply rsi overbougt , Stohactich overbougth , macd overbought

all yelling it will go down soon.

+105 pip now
466 traders viewing now, 1 is registered:
lafemo