Cable Update (GBPUSD) | Page 284 | 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)

  • #5,661
  • Feb 9, 2007 7:49am Feb 9, 2007 7:49am
Quoting trader69
you shoulda put your short in last night. the 50,100, and 200 ema's were all crossed pointing down, this was an obvious downtrend continuation pattern. we may see a bounce from here, as it seems that the london boys sell the pound, an then the us buys it back up. my opinion is that the cable will have farther to fall in the near future.
fully agree... my next objective is 1.9250/1.9200
(not an advice i'm a long term trader.)
  • #5,662
  • Feb 9, 2007 8:07am Feb 9, 2007 8:07am
Short from 9611. I hope it drops like a hammer.
Life is too short to have anything but delusional notions about yourself.
  • #5,663
  • Feb 9, 2007 8:11am Feb 9, 2007 8:11am
US again a no-show...
  • #5,664
  • Feb 9, 2007 8:12am Feb 9, 2007 8:12am
...london guys already jumped on longs,...check some forums....but to confirm bulish continuation patern,...what a nice word we use,...we should ask Henry if he had step away,...lol
its just money
  • #5,665
  • Feb 9, 2007 8:21am Feb 9, 2007 8:21am
Quoting de123
...london guys already jumped on longs...
Yeah.. I saw the spike from 9481 to 9482 here

Lousy day. Freaking Germans ate the whole pizza and didn't even spit the olive out.

I don't know if the maket is going to put some cash on the move today with this G7 meeting during weekend...

Guess I have to swallow this loss and wait for the next call for pizza.
  • #5,666
  • Feb 9, 2007 8:21am Feb 9, 2007 8:21am
she needs to touch fib 23.6 - 9520 levels before it leads to south i think, this is absolutely downtrend but we havent done any retracement yet.
  • #5,667
  • Feb 9, 2007 8:34am Feb 9, 2007 8:34am
[quote=cesarnc;212863]Yeah.. I saw the spike from 9481 to 9482 here

besides cable & oil im adicted to ur local company petrobas,...it makes such a lovely moves...
its just money
  • #5,668
  • Feb 9, 2007 8:39am Feb 9, 2007 8:39am
[quote=de123;212883]
Quoting cesarnc
Yeah.. I saw the spike from 9481 to 9482 here

besides cable & oil im adicted to ur local company petrobas,...it makes such a lovely moves...
I can figure.... Petrobrás sells oil (gasoline, diesel) at international prices here, WHEN oil is high

When Oil price is down, they vanish even from the TV advertising, not to be pressed to drop prices.
  • #5,669
  • Feb 9, 2007 8:48am Feb 9, 2007 8:48am
there will be another push down today when the triangle bbreak out (15 min )
  • #5,670
  • Feb 9, 2007 9:04am Feb 9, 2007 9:04am
Anyone care to hazard an opinion on why the US has been a no-show? I mean either buy it back or sell it more, but why do US traders just sit on their hands? It seems if you are not trading the London open there is really not much hope. London uses up the daily range and then some. Just piddly little range trading left for NY open unless you are a non farm payrolls type...
  • #5,671
  • Feb 9, 2007 9:08am Feb 9, 2007 9:08am
in macd 4h chart , it seems to be forming a shoulder head shoulder formation.
  • #5,672
  • Feb 9, 2007 9:09am Feb 9, 2007 9:09am
I hate to beat a dead horse, but i still believe the bias is to upside. Many similar characteristics between these 10 weeks and ten ranging weeks at end of last year. Unless we can have another close below this trendline next week, I am under the general feeling that we may have seen the February low either today or perhaps on Monday or Tuesday.
Attached Image
Man who scratches ass should not bite fingernails
  • #5,673
  • Feb 9, 2007 9:32am Feb 9, 2007 9:32am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
Trade what you see not what you want. I think that everytime I am compelled to click the sell button I will buy instead.
  • #5,674
  • Feb 9, 2007 9:42am Feb 9, 2007 9:42am
This is USD index. Ranging since early spike up on early 2007. All the rest we've seen were GB rate hike and Yen speculation.

http://www.fxstreet.com/rates-charts/usdollar-index/

Filtering the information, fx market is flat for a whole month. Since USD is not in the building for a long time, I'd say that GBP and EUR are just hanging, running for direction that USD is not providing. That big move down was merely a correction on the rate hike. EUR is the only one clearly ranging sideways for weeks Its lower volatility (compared to Cable), makes the pattern pop up easily.

I'm calling it a week. Every 10 pip move we see now is a result of some guy farting in the G7 meeting. If it's an Englishman, Cable up, if it is a Japanese, Yen down.
  • #5,675
  • Feb 9, 2007 9:46am Feb 9, 2007 9:46am
Is cable already showing its support level now at around +/- 1.9475? need your opinion on this....
  • #5,676
  • Feb 9, 2007 9:46am Feb 9, 2007 9:46am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
That's AWESOME!!!

We can start a new thread here:

Does anyone agree cable may go DOWN to 1.9050 area? or will continue BULLISH when the market open on monday?
  • #5,677
  • Feb 9, 2007 9:49am Feb 9, 2007 9:49am
Quoting tiges159
Is cable already showing its support level now at around +/- 1.9475? need your opinion on this....
I prefer seeing support and resistances rejecting the price and causing its retracement for a new assault in the area. It is not happening.

Actually we just broke below last week's low and, on this low volume and no retracement, we may be seeing a new resistance in this area now.

But only with price action we can tell. That will be up to Monday....
  • #5,678
  • Feb 9, 2007 9:57am Feb 9, 2007 9:57am
Quoting cesarnc
I prefer seeing support and resistances rejecting the price and causing its retracement for a new assault in the area. It is not happening.

Actually we just broke below last week's low and, on this low volume and no retracement, we may be seeing a new resistance in this area now.

But only with price action we can tell. That will be up to Monday....
thanks alot cesarnc, i need all the info's i can and get them digested....since im quite new....i need all the help i can get....thanks
  • #5,679
  • Feb 9, 2007 10:53am Feb 9, 2007 10:53am
Quoting cesarnc
I prefer seeing support and resistances rejecting the price and causing its retracement for a new assault in the area. It is not happening.

Actually we just broke below last week's low and, on this low volume and no retracement, we may be seeing a new resistance in this area now.

But only with price action we can tell. That will be up to Monday....
was that it? not back to 75 or even 50? probably not enough momentum...
  • #5,680
  • Feb 9, 2007 11:18am Feb 9, 2007 11:18am
A US investment bank has been a seller of [CABLE] under 1.95, and contacts report there are more downside stops (though give no levels other than under the day's 1.9459 low) waiting and likely to be targetted. Comments from the Fed's Pianalto (GMT) are unlikely to give the Usd any major boost, other than to reinforce the Fed's more optimistic growth outlook. That said, Usd sentiment remains firm and should the Pound continue to be weighed on the crosses by post-BoE disappointment as a market which has been long for quite some time gets well and truly squeezed, a further dip towards bids expected around 1.9435 may be on the cards. That said, expectations of a Mar hike from the BoE remain intact, and are likely to see an eventual turnaround in Sterling's fortunes.
448 traders viewing now, 1 is registered:
lafemo