Cable Update (GBPUSD) | Page 3612 | 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)

  • #72,221
  • Jun 24, 2008 10:58am Jun 24, 2008 10:58am
Quoting Turveyd
Better odds going long here Nav, but lets face it the UK's about to close shop and when that happens, GBP's pretty much dead.

Late for a meeting, trade careful people!!!
Everything is relative - looking at US news today I think the US is not showing the UK the way to go - in fact its just getting worse

My pals in the UK are equally moping but sometimes people get carried along by the media and dont look at the figures

Apart from the housing market which is beat up both sides of the pond, the UK economy is chugging along

Anyway we know that news sometimes works the market 180 degrees to what simple economics dictate - when the US goes really bad the dollar goes up (reserve currency blah blah)

I seriously dislike letting news influence me after some experiences with it
  • #72,222
  • Jun 24, 2008 11:31am Jun 24, 2008 11:31am
Actually, I did a good scalp today. The latest long already closed ! More than 100 pips --> 5% profit x available margin !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #72,223
  • Jun 24, 2008 11:34am Jun 24, 2008 11:34am
Quoting nAVIN2007
i agreee with u totally but....i will say one think..the bottom is tested far more than the top, we in a downtrend and the monthly pin is holding like a dream ...thats to me is a sign to say the bottom going to give...we not going into a uptrend...(i think) especially with the concern here in UK..2.03 IS POSSIBLE but for sure isnt a sign breakout to uptrend is happening...

that pin on monthly is the signal to short...and we are closing in now ..weeks away only....
well, i can tell we are trading on a critical area now,
and we are on a weekly support line, which is a powerful one.

but will the downtrend continue or would the price bounce up back?
  • #72,224
  • Jun 24, 2008 11:40am Jun 24, 2008 11:40am
Quoting Moe
Moe Is Dead.
I keep praying for Moe to live long.You needed here
  • #72,225
  • Jun 24, 2008 11:42am Jun 24, 2008 11:42am
Quoting manize
Actually, I did a good scalp today. The latest long already closed ! More than 100 pips --> 5% profit x available margin !
  • #72,226
  • Jun 24, 2008 11:56am Jun 24, 2008 11:56am
Quoting allserene
I always keep my eye on the euro because in 'normal' times there is linkage although sometimes its zero or inverse

Euro is threatening to go up which could provide the catalyst

I agree there is 200 pips lurking but which way - back into the channel or off to 2.0000

Closed my little short on cable (free day out today) and watching intently and ready for either move
yea i agree
especially today they seem to be moving well in the same direction/same time
could be whats needed
  • #72,227
  • Jun 24, 2008 12:00pm Jun 24, 2008 12:00pm
Quoting manize
Actually, I did a good scalp today. The latest long already closed ! More than 100 pips --> 5% profit x available margin !
Worrrrd!
It was up / down / up & now down!
i caught the down, for 32; back up for 60 pips,
and now down about 20.
Hilarious trading day!

I could only say i don't see it cracking 1.9733's Resistance
(Around 6pm yesterday).
-and in fact was so weak earlier today it couldn't even
truely touch the 1/4. So "both side's of the pond" got their Issue's!

The only thing pushing GU is the Stock Mkt & GJ!

I just hope it will tank 'cause it's been three year's since
i been to the Caymen's when it was about a buc-85 $1.85
to Dollar. -A reasonable rape!
Tank baby Tank!
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #72,228
  • Jun 24, 2008 12:00pm Jun 24, 2008 12:00pm
north of 1.9730 i will be a believer

until then its porridge time
  • #72,229
  • Jun 24, 2008 12:08pm Jun 24, 2008 12:08pm
Quoting uncletrumpet
I keep praying for Moe to live long.You needed here
Don't worry, he will appear on time when seeing the clue of a big movement !
Looks like no more interesting move till N.Y closing time, I'll go bed now ... Bye ... bye ..
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #72,230
  • Jun 24, 2008 1:22pm Jun 24, 2008 1:22pm
  •  Trader#0000
  • | Status: Unregistered Trader
Attached Image
  • #72,231
  • Jun 24, 2008 1:23pm Jun 24, 2008 1:23pm
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Going to bed now. Out for a 103 green pips. Till tomorrow.
  • #72,232
  • Jun 24, 2008 1:42pm Jun 24, 2008 1:42pm
Looking at the H1 chart now, it seems it could be good for 20 pips short.
  • #72,233
  • Jun 24, 2008 1:44pm Jun 24, 2008 1:44pm
Quoting macK
Attachment
Do you see anything familiar .......??
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.GIF Size: 34 KB
Patience + Discipline - Greed = Success
  • #72,234
  • Jun 24, 2008 1:45pm Jun 24, 2008 1:45pm
I think we'll break resistance during the asian session tonight...the news for tomorrow will bring up recession concerns as well as oil and inflation concerns. As long as the fed doesn't raise rates, which i don't see happening, I'm waiting for the break to 2.0.
  • #72,235
  • Jun 24, 2008 2:18pm Jun 24, 2008 2:18pm
consumer confidence marked a 16yr low and we didnt break the previous high.............hmmmmm...........something fishy is going on...........what could it be????

  • #72,236
  • Jun 24, 2008 2:26pm Jun 24, 2008 2:26pm
Quoting AmeriTrini
consumer confidence marked a 16yr low and we didnt break the previous high.............hmmmmm...........something fishy is going on...........what could it be????


downtrend seems to strong, drefinately worrying ..hence no trade for me right now
  • #72,237
  • Jun 24, 2008 2:28pm Jun 24, 2008 2:28pm
Quoting AmeriTrini
consumer confidence marked a 16yr low and we didnt break the previous high.............hmmmmm...........something fishy is going on...........what could it be????

no doubt
USD Est Non Mortuus
  • #72,238
  • Jun 24, 2008 2:31pm Jun 24, 2008 2:31pm
EurJpy Long here, 24hour sma support, general up trend so we'll see.


Hard to call the GBP while out for sure, range is too tight for 1 thing.

Nav, does your XDA support Meta then ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,239
  • Jun 24, 2008 2:48pm Jun 24, 2008 2:48pm
Quoting Turveyd
EurJpy Long here, 24hour sma support, general up trend so we'll see.


Hard to call the GBP while out for sure, range is too tight for 1 thing.

Nav, does your XDA support Meta then ??
charging the battery up .....then i need to check shall let u now bro, soon as
  • #72,240
  • Jun 24, 2008 2:52pm Jun 24, 2008 2:52pm
im back
how is everyone
glad i kept my gbp short
but i wished i was here to stop it at 9630 or 40

nav buddy
good to have u back
"what doesn't bankrupt me, makes me stronger" modern nietzche
313 traders viewing now