Cable Update (GBPUSD) | Page 4116 | 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)

  • #82,301
  • Aug 14, 2008 6:33am Aug 14, 2008 6:33am
Quoting BurgerKing
GU going down to 1.85xx!
GU going down to 1.85xx!
GU going down to 1.85xx!
GU going down to 1.85xx!
This is what we hear from left and right all over the place!

And when you just short GU hoping for 1.85xx, GU starts going back up.
Lets hope this is just a retrace
but why did you short it before the retrace??? macd 1h and the hourly closing price today were signaling some retrace
When life gives you lemons, make lemonade
  • #82,302
  • Aug 14, 2008 6:34am Aug 14, 2008 6:34am
146pip recovery from the bottom now 88619 area (that 61.8 of 7040-1162 [micho, Lol!] finding resistance now at this 8769-79 area being the 23.6 of fall from 9257 and 9036 respectively. Some hidden (reverse) divergence building on the hourly now...pattern has to fail for a continued recovery.

Farther out, resistance a possibility at 8800 area.... minor offers there say mni, but dont see anything tech there really, 8820/30 looking potentially stronger resistance, medium offfers at the 50% of yesterdays hi to todays low say mni
ex member
  • #82,303
  • Aug 14, 2008 6:36am Aug 14, 2008 6:36am
Bulls are fighting back. Its about damn time.
Took a small loss (-50) compared to the weekly gains, so Longs starting to look better.
Don't Get Bitter, Get Better
  • #82,304
  • Aug 14, 2008 6:40am Aug 14, 2008 6:40am
Quoting NuB
Bulls are fighting back. Its about damn time.
Took a small loss (-50) compared to the weekly gains, so Longs starting to look better.
bro after 8-9 bearish daily candles its bound to give us at least 2 bullish candles to 38.2% fibo or more
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,305
  • Aug 14, 2008 6:41am Aug 14, 2008 6:41am
Quoting salah k.
bro after 8-9 bearish daily candles its bound to give us at least 2 bullish candles to 38.2% fibo or more
So we looking at short term longs from here?
Keep It Simple Stupid
  • #82,306
  • Aug 14, 2008 6:48am Aug 14, 2008 6:48am
Quoting Alastair
So we looking at short term longs from here?

i think so
unless fundamentals start pulling with cable and against dollar
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,307
  • Aug 14, 2008 6:51am Aug 14, 2008 6:51am
Quoting salah k.
i think so
unless fundamentals start pulling with cable and against dollar
you only going to enter after the news in 40 mins time?
Keep It Simple Stupid
  • #82,308
  • Aug 14, 2008 6:53am Aug 14, 2008 6:53am
Quoting NuB
Bulls are fighting back. Its about damn time.
Took a small loss (-50) compared to the weekly gains, so Longs starting to look better.
I did, however, get out too early. My original SL (780) was not hit and it should retrace down to about 720. Its all good though. Lesson learned
Don't Get Bitter, Get Better
  • #82,309
  • Aug 14, 2008 6:54am Aug 14, 2008 6:54am
Quoting Alastair
you only going to enter after the news in 40 mins time?
no noway
i aint enterin long till the charts tell me and now they dont
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,310
  • Aug 14, 2008 6:56am Aug 14, 2008 6:56am
Quoting salah k.
bro after 8-9 bearish daily candles its bound to give us at least 2 bullish candles to 38.2% fibo or more
AGree with this. THe retracement should be big enough for the pair to continue go down and down again. If not, the price will juz keep on hanging on this area and waiting for further movement.

Juz supply and demand I guess.

humble opinion mphpopular
  • #82,311
  • Aug 14, 2008 6:56am Aug 14, 2008 6:56am
atleast 785 now.. before going anywhere.. i think today may be bullish tho..
  • #82,312
  • Aug 14, 2008 7:03am Aug 14, 2008 7:03am
Quoting salah k.
no noway
i aint enterin long till the charts tell me and now they dont
But i mean you only going to trade when your charts tell you to, fair enough, but will you trade right before the USD news comes out?
Keep It Simple Stupid
  • #82,313
  • Aug 14, 2008 7:07am Aug 14, 2008 7:07am
Quoting Alastair
But i mean you only going to trade when your charts tell you to, fair enough, but will you trade right before the USD news comes out?
be4 is suicide unless u are pshycic but after the news i might depending on the number
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,314
  • Aug 14, 2008 7:10am Aug 14, 2008 7:10am
cable finding support now at those broken intraday swing hi's, 1hr swing hi/lo area 8735 that coincides with the 23.6% of the move up from today's lo-hi 8816-8774 area....intraday situation remains bullish above 9720 i would argue...U.s CPI data due in 15-20mins so that will probably have a say in near term direction.
ex member
  • #82,315
  • Aug 14, 2008 7:11am Aug 14, 2008 7:11am
Quoting salah k.
be4 is suicide unless u are pshycic but after the news i might depending on the number
SO if the numbers are worse than expected for the U.S there is a possibility of going long?
Keep It Simple Stupid
  • #82,316
  • Aug 14, 2008 7:17am Aug 14, 2008 7:17am
Quoting Alastair
SO if the numbers are worse than expected for the U.S there is a possibility of going long?

yes but it would be shortlived and i wouldnt do it because that is fighting the trend unless its a very very quick scalp
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,317
  • Aug 14, 2008 7:22am Aug 14, 2008 7:22am
THanx once again.
Keep It Simple Stupid
  • #82,318
  • Aug 14, 2008 7:35am Aug 14, 2008 7:35am
Damn, missed my long entry by 4 pips before shooting up.
Don't Get Bitter, Get Better
  • #82,319
  • Aug 14, 2008 7:35am Aug 14, 2008 7:35am
maybe after the 4 hour candle closes after 3.5 hours it closes for me
When life gives you lemons, make lemonade
  • #82,320
  • Aug 14, 2008 7:42am Aug 14, 2008 7:42am
i still look at yesterday and remember how my sell order hit the stop loss at 1.9023 before going down 350 pips... just lol
When life gives you lemons, make lemonade
447 traders viewing now, 4 are registered:
OutGenius
,
SamBabatunde
,
smtchris71
,
Mitiblotch