Cable Update (GBPUSD) | Page 3458 | 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)

  • #69,141
  • Jun 4, 2008 8:30pm Jun 4, 2008 8:30pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Got stopped out from my long from last night a few minutes ago. No biggie though. Stuck to my plan so I give myself two thumbs up for that. Will wait for the next set-up. What's up with cable and euro dropping during Asian session? Wierd trading week....
"Wishful thinking dies hard." Igor T.
  • #69,142
  • Jun 4, 2008 8:42pm Jun 4, 2008 8:42pm
http://www.forexfactory.com/attachme...1&d=1212596355
  • #69,143
  • Jun 4, 2008 9:22pm Jun 4, 2008 9:22pm
Quoting nAVIN2007
moe it seems to me that movement is entirely based on news reports and how people react to good and bad data....
and it is this simple ......would u say this is correct?
If I Go Broke Trying Then I Will die happy.
  • #69,144
  • Jun 4, 2008 9:27pm Jun 4, 2008 9:27pm
Quoting MasAdhi
indeed nice picture yet prediction
no i never predcited i was for sure it will hit 9500, this guy comes on here and bet his house that it will never hit 9600 again this year and guess what happend it did, so yes i look good but i still wasn't 100% sure it would, this is forex and anything can happen.
If I Go Broke Trying Then I Will die happy.
  • #69,145
  • Jun 4, 2008 9:28pm Jun 4, 2008 9:28pm
good luck and more pips to all
If I Go Broke Trying Then I Will die happy.
  • #69,146
  • Jun 4, 2008 9:42pm Jun 4, 2008 9:42pm
Who wants to sell some g/u to me. Im buying any offers?
  • #69,147
  • Jun 4, 2008 10:25pm Jun 4, 2008 10:25pm
Quoting Moe
no i never predcited i was for sure it will hit 9500, this guy comes on here and bet his house that it will never hit 9600 again this year and guess what happend it did, so yes i look good but i still wasn't 100% sure it would, this is forex and anything can happen.
well well well.......... it seem a horse is lossing house.......

i wonder he become more crazy.....................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #69,148
  • Jun 4, 2008 10:40pm Jun 4, 2008 10:40pm
Quoting steelhead
Who wants to sell some g/u to me. Im buying any offers?
What is the next target price for GBPUSD?
  • #69,149
  • Jun 4, 2008 10:49pm Jun 4, 2008 10:49pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting steelhead
Who wants to sell some g/u to me. Im buying any offers?
Wow man - you're braver than I. Cable is looking super bearish to me right now. Broke a pretty solid TL today (you can see it on daily) and has broken out of a range. I see some divergences to help you out, but I think shorts are the way to go right now on this pair. My prediction is 1.9360 is coming, not tonight though, and we all know what good preditcions are anyways lol. Good luck!
"Wishful thinking dies hard." Igor T.
  • #69,150
  • Jun 4, 2008 10:58pm Jun 4, 2008 10:58pm
Quoting Moe
im looking for that trader that said we will never see 9600 again, he was 100% sure, they come and go around here when they make such bold prediction, example soros jr
hey Moe, here is your guy #67484. I guess he is now homeless.
  • #69,151
  • Jun 4, 2008 11:05pm Jun 4, 2008 11:05pm
its looks super bearish on all the indicators thats why i will do the opposite. I trade against the herd.
  • #69,152
  • Jun 4, 2008 11:33pm Jun 4, 2008 11:33pm
Quoting Carrera
hey Moe, here is your guy #67484. I guess he is now homeless.
not only homeless but owing a country of houses
Verily, in every difficulties there is relief
  • #69,153
  • Jun 5, 2008 12:46am Jun 5, 2008 12:46am
Quoting crazy horse
the gbp/usd wont break 1.96 this year.. im so cerain about it,i will put my house on it.. the gbp is in uptrend ...the best entry is wait and be patience and go long @ 1.9630 .. wish i can upload charts.dont know how.
here this guy go, where's my house bro?
If I Go Broke Trying Then I Will die happy.
  • #69,154
  • Jun 5, 2008 12:52am Jun 5, 2008 12:52am
BOE has been known to suprise the markets - sometimes even shock - and considering this i am now believeing that they may cut a quater today - too many bad news last few weeks - agreed inflation is high - but they may want to follow what the fed did - i.e. pro-actively cut first

Or the other scenario is they leave interest rates where they are and issue a MPC statement signalling cuts next month or so

Either of the above will be SUPER bearish and we may see 1.93 today

Anyone think the same ??
  • #69,155
  • Jun 5, 2008 1:08am Jun 5, 2008 1:08am
If that is the case they will shoot it up before the news. Get traders thinking long then drop the hammer on them. News is not always what we think it is.
  • #69,156
  • Jun 5, 2008 1:09am Jun 5, 2008 1:09am
Quoting gmohata
BOE has been known to suprise the markets - sometimes even shock - and considering this i am now believeing that they may cut a quater today - too many bad news last few weeks - agreed inflation is high - but they may want to follow what the fed did - i.e. pro-actively cut first

Or the other scenario is they leave interest rates where they are and issue a MPC statement signalling cuts next month or so

Either of the above will be SUPER bearish and we may see 1.93 today

Anyone think the same ??
I agree with you and more chances to issue a MPC statement singalling clear cuts in the nearest future. But I am little hesitant to put a PT level around 1.9470 area as my SL stopped out yesterday night when it was 50 pips dropped within 10 minutes and I was on long.

What do you guys think would be the best short term PT level for Short at 1.9510 again short term means for couple of hours or so. Please let me know I have so far 1.9470 I can change it a little down and then going to bed.

Thanks,
  • #69,157
  • Jun 5, 2008 1:19am Jun 5, 2008 1:19am
Quoting asyed4
I agree with you and more chances to issue a MPC statement singalling clear cuts in the nearest future. But I am little hesitant to put a PT level around 1.9470 area as my SL stopped out yesterday night when it was 50 pips dropped within 10 minutes and I was on long.

What do you guys think would be the best short term PT level for Short at 1.9510 again short term means for couple of hours or so. Please let me know I have so far 1.9470 I can change it a little down and then going to bed.

Thanks,
I think you'd better not change your TP Because 1.9469 is a strong resistance
Verily, in every difficulties there is relief
  • #69,158
  • Edited 1:47am Jun 5, 2008 1:25am | Edited 1:47am
Well I see we hit the big 500 mark. And someone crazy lost a house.
Is anyone feeling friskey about 450 (161.8 FIB)
Or do you think its had enough and ready to reverse???
Attached Image (click to enlarge)
Click to Enlarge Name: 6-5-08 gbpusd240.csv.gif Size: 10 KB
Don't Get Bitter, Get Better
  • #69,159
  • Jun 5, 2008 1:45am Jun 5, 2008 1:45am
Not sure how much it meent today with all the news comming out but there is MACD divergance on 30M
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 18 KB
  • #69,160
  • Jun 5, 2008 1:52am Jun 5, 2008 1:52am
Quoting Moe
here this guy go, where's my house bro?
I dont trust anybody in Forex
Only my EA hehehe
When life gives you lemons, make lemonade
2,103 traders viewing now, 3 are registered:
saidi01
,
,