Cable Update (GBPUSD) | Page 3488 | 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)

  • #69,741
  • Jun 10, 2008 3:26am Jun 10, 2008 3:26am
just cant penetrate 19600!! massive resistance. if it breaches then we heading for 19400. but there are the manufacturig numbers due and they will be cable positive. however bernankes comments and the house price index may favour usd.
  • #69,742
  • Jun 10, 2008 3:30am Jun 10, 2008 3:30am
Quoting Gubster
just cant penetrate 19600!! massive resistance. if it breaches then we heading for 19400. but there are the manufacturig numbers due and they will be cable positive. however bernankes comments and the house price index may favour usd.
support not resistance

support is below resistance is above
Don't chase the market, Let the market come to you
  • #69,743
  • Jun 10, 2008 3:32am Jun 10, 2008 3:32am
Quoting Tmac
support not resistance

support is below resistance is above

yeah thanks,. thats what i meant tmac.
producion and mabufacturing numbers not too spectacular therefore is see a fall to 19400 coming.
  • #69,744
  • Jun 10, 2008 3:33am Jun 10, 2008 3:33am
too silentt aftetr the newss.. hmmm.
Life is about choosing... Long or Short... Discipline and consistency
  • #69,745
  • Jun 10, 2008 4:06am Jun 10, 2008 4:06am
Quoting KyoOishi
too silentt aftetr the newss.. hmmm.
I saw 4H GBPUSD is bearish.. Any advise?

Regards,
John
  • #69,746
  • Jun 10, 2008 4:20am Jun 10, 2008 4:20am
This local support at 9570 area is the 176.4 extension of yeterdays lo-hi range and the top of the daily pinbar candle body from 05th june....expect that 9550/40 may be potential support too.
ex member
  • #69,747
  • Jun 10, 2008 4:25am Jun 10, 2008 4:25am
shown below
Attached Image
ex member
  • #69,748
  • Jun 10, 2008 4:50am Jun 10, 2008 4:50am
Does anyone have a schedule of Bush's "speeches" as this chimp is being shown around Europe? I don't see any reason for the drop of this magnitude today besides him repeating that he wants a strong dollar... all the UK data came in with a positive surprise.
  • #69,749
  • Jun 10, 2008 4:53am Jun 10, 2008 4:53am
Quoting Subdude
Does anyone have a schedule of Bush's "speeches" as this chimp is being shown around Europe? I don't see any reason for the drop of this magnitude today besides him repeating that he wants a strong dollar... all the UK data came in with a positive surprise.
I just can't imagine that he has nothing else to talk about other than strong dollar, unless he is now starting to worry about his retirement money. He didn't converted it to euro. Hard to say with him.
Expected the unexpected
  • #69,750
  • Jun 10, 2008 5:01am Jun 10, 2008 5:01am
How low can cable go? Today's range already 205 ...
I'm short from 692 and too early to close it at 614 ... but it was nice anyway ..

thinking on long for retracement ... any entry suggestion?
  • #69,751
  • Jun 10, 2008 5:03am Jun 10, 2008 5:03am
Quoting scyang
I just can't imagine that he has nothing else to talk about other than strong dollar, unless he is now starting to worry about his retirement money. He didn't converted it to euro. Hard to say with him.
His retirement funds are measured in barrels, not dollars. Nonetheless, cable looks quite oversold on a 1H chart.
  • #69,752
  • Jun 10, 2008 5:05am Jun 10, 2008 5:05am
its a good thing that cable tanked early. she is already near/copmpleted average daily range....the rest of the day may see a flight for quality. i.e. buy cheap.
  • #69,753
  • Jun 10, 2008 5:07am Jun 10, 2008 5:07am
Quoting pinopips
How low can cable go? Today's range already 205 ...
I'm short from 692 and too early to close it at 614 ... but it was nice anyway ..

thinking on long for retracement ... any entry suggestion?
Todays Hi-lo 202ish pip range is well above the 5, 10 and 20 day average ranges and the current average of them at 138pips. That potential support at 9740/50 acting atm. The steeper past the av dly range price extends the more chance of a pull back at supp/res
ex member
  • #69,754
  • Jun 10, 2008 5:10am Jun 10, 2008 5:10am
Quoting pinopips
How low can cable go? Today's range already 205 ...
I'm short from 692 and too early to close it at 614 ... but it was nice anyway ..

thinking on long for retracement ... any entry suggestion?
lol, don't you have an exit plan
If I Go Broke Trying Then I Will die happy.
  • #69,755
  • Jun 10, 2008 5:12am Jun 10, 2008 5:12am
the support its broken.... by 1 H, & 4H

i think after retrace they will be a huge downfall
Verily, in every difficulties there is relief
  • #69,756
  • Jun 10, 2008 5:15am Jun 10, 2008 5:15am
Quoting Moe
lol, don't you have an exit plan
I have at 592 (161.8 fib), but close it too early cause i thought good news for pound will bring it up ...
  • #69,757
  • Jun 10, 2008 5:18am Jun 10, 2008 5:18am
biggest daily range since 20th may, the subsequent daily ranges causing the averages to contract, to around 140pips
ex member
  • #69,758
  • Jun 10, 2008 5:20am Jun 10, 2008 5:20am
why can't you guys stick to your plan, whats so hard about it, best thing for you to do is to turn off your computer after a trade is enter.
If I Go Broke Trying Then I Will die happy.
  • #69,759
  • Jun 10, 2008 5:22am Jun 10, 2008 5:22am
Quoting Moe
the market is gonna be moving guys so get in where you fit in, if it drop we could see somewhere around 1.9470, watch for any sign this thing will go up, i got my buy and stop orders in, good luck.
told you guys this mf was gonna be moving, i think there more room to go down.
If I Go Broke Trying Then I Will die happy.
  • #69,760
  • Jun 10, 2008 5:37am Jun 10, 2008 5:37am
Quoting Moe
told you guys this mf was gonna be moving, i think there more room to go down.
TQ for yesterday analysis.I really make profit.so what your position now?
1,809 traders viewing now, 1 is registered:
Waveskierrob