Cable Update (GBPUSD) | Page 326 | 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)

  • #6,501
  • Feb 21, 2007 6:11am Feb 21, 2007 6:11am
Quoting jimo
please talk about GBPUSD...!!!
Worth a thousand words...

http://i2.photobucket.com/albums/y28/cesarnc/feb21.jpg

Can we go back to joke now?

Just kidding... Wait for US news..
  • #6,502
  • Feb 21, 2007 6:12am Feb 21, 2007 6:12am
Quoting Traex
Well my wave count got screwed so re-count is needed now. Just forget about wave 3 upwards I think lol. Lemme see hmm...
Hey man, dont give up on the 15min wave 3 just yet....it needs to break down thru 9478 to invalidate the count.

So far all we have is a failure of the 5min wave 3 and looking at all those tiny little candles after the first BOE driven fall, not everyone´s convinced its a down day.

Of course, if HC shorts Big Time it´ll break down.....but who knows what´ll happen after the CPIand FOMC. I think I´ll stay out....even though the higher lows on the 1m were mighty tempting
Trading Levels with WRBs
  • #6,503
  • Feb 21, 2007 6:13am Feb 21, 2007 6:13am
Quoting jimo
please talk about GBPUSD...!!!
Ok, guy...GBPUSD is in a good bearish picture!
TheBe$t
  • #6,504
  • Feb 21, 2007 6:22am Feb 21, 2007 6:22am
Quoting mackaozy
NASCAR SUCKS TOO BOY...

It's not anti-american. It's anti-bush. God bless the poor Iraqi people.
...envy has no reward...you can either visit a track when you're in the states or simply ask par lament to build one for you...

GPB/USD...will wait for news
  • #6,505
  • Edited 6:47am Feb 21, 2007 6:42am | Edited 6:47am
Quoting Islander
Hey man, dont give up on the 15min wave 3 just yet....it needs to break down thru 9478 to invalidate the count.

So far all we have is a failure of the 5min wave 3 and looking at all those tiny little candles after the first BOE driven fall, not everyone´s convinced its a down day.

Of course, if HC shorts Big Time it´ll break down.....but who knows what´ll happen after the CPIand FOMC. I think I´ll stay out....even though the higher lows on the 1m were mighty tempting
Yeah you're right, it's still possible that all we've seen so far was just mini wave 2, but it has retraced almost all of mini wave 1. I rarely see near-fully-retraced wave 2 in the past. But who knows.

Another possibility is, this whole thing from Monday to 9590 today's top was a single wave (subwave 1), and it formed a leading diagonal triangle (5-3-5-3-5 pattern) with a truncated mini wave 5. And we're still in subwave 2 now.

Either case, I'll wait and see now, it's too late to enter any trade now anyway. Thanks for your informations.
Tra-X
  • #6,506
  • Feb 21, 2007 7:09am Feb 21, 2007 7:09am
Quoting cesarnc
Pin-bar is a candle/bar formation. Look at your 1hr chart. The 8:00GMT candle closes within the previous candle range, after the spike to 9590.

Closing below 9570 (actually closed 9568) is a confirmation of a pin-bar and it is an indication that price will reverse direction...

Have a look at the attached file.
MANY THANKS FOR THIS CEARNC ..... a great learning tool and helped me out no end. Remind me I owe you a beer or three if you are ever in the UK or I am in RDJ.
  • #6,507
  • Feb 21, 2007 7:13am Feb 21, 2007 7:13am
Quoting musicman007
Remind me I owe you a beer or three if you are ever in the UK or I am in RDJ.
You'll be charged with impunity
  • #6,508
  • Feb 21, 2007 7:33am Feb 21, 2007 7:33am
Damn good Core CPI... 0.3 / 0.2(f/cast)
  • #6,509
  • Feb 21, 2007 7:36am Feb 21, 2007 7:36am
Quoting cesarnc
Damn good Core CPI... 0.3 / 0.2(f/cast)
Yep, triggered my stops at 30 but i had been in long at 91, 02 and 14 with 30 lots so i am a happy bunny!
  • #6,510
  • Feb 21, 2007 7:46am Feb 21, 2007 7:46am
Quoting musicman007
Yep, triggered my stops at 30 but i had been in long at 91, 02 and 14 with 30 lots so i am a happy bunny!
Buy it back when passes through 9530 on the way up again
  • #6,511
  • Feb 21, 2007 7:50am Feb 21, 2007 7:50am
[US CPI - WHAT HAPPENED?] Changes to headline and core measures had to be rounded up to get 0.2% and 0.3% gains, respectively. Before rounding, they came in at 0.174% and 0.256%. It wouldn"t take much to turn the core change into a 0.2% gain, as was expected. There is probably more than normal attention to rounding today, because BLS has expanded its calculation of the change in CPI to 3 decimal places from 2 last year. (...)

"Try with a little help from my friends..."

  • #6,512
  • Feb 21, 2007 7:57am Feb 21, 2007 7:57am
Quoting cesarnc
Buy it back when passes through 9530 on the way up again
Waitin for another hit at 9490 and then for the right signals and maybe I can do it all over again! If it goes past 75 then I'll do a "Henry" and short the life outa it !
  • #6,513
  • Feb 21, 2007 8:00am Feb 21, 2007 8:00am
Quoting cesarnc
Buy it back when passes through 9530 on the way up again
Cesarnc,

Why buy at 9530?? Is it because it will just surpass the Fib 50.0 mark. meaning a new trend?

Or you using a different technique!

thanks in advance
  • #6,514
  • Feb 21, 2007 8:00am Feb 21, 2007 8:00am
Quoting musicman007
Waitin for another hit at 9490 and then for the right signals and maybe I can do it all over again! If it goes past 75 then I'll do a "Henry" and short the life outa it !
YEah... let's see the next 15M candle... There's fuel to go down yet... But I don't believe in reversal now.... Double bottom maybe...

OR

Henrycarol will hunt an ancient TP he has at 9444
  • #6,515
  • Feb 21, 2007 8:03am Feb 21, 2007 8:03am
Quoting newjersey24
Cesarnc,

Why buy at 9530?? Is it because it will just surpass the Fib 50.0 mark. meaning a new trend?

Or you using a different technique!

thanks in advance
Nope... just getting back the lots that were stopped out at 9530. If it goes up today and go through 9530, it is likely to make new highs today...

Just a thought. Must me backed up on techis.

I dont see that big deal CPI to thrown Cable down the hole... I mean below 9450 or 9430... WTF? This is no NFP

As I said before, Cable is overreacting on GBP-negative / USD-positive news... There are dip buyers reported to be below 9400 for days now... Theymust be pissed off by now...
  • #6,516
  • Feb 21, 2007 8:04am Feb 21, 2007 8:04am
Quoting cesarnc
YEah... let's see the next 15M candle... There's fuel to go down yet... But I don't believe in reversal now.... Double bottom maybe...

OR

Henrycarol will hunt an ancient TP he has at 9444
Could be a dbl bottom, I need my 9 and 20 ema's to cross on 5 min and MACD before I get in....lets see what happens.

BTW, have you been to the Carnival yet this year?
  • #6,517
  • Feb 21, 2007 8:14am Feb 21, 2007 8:14am
Quoting musicman007
Could be a dbl bottom, I need my 9 and 20 ema's to cross on 5 min and MACD before I get in....lets see what happens.

BTW, have you been to the Carnival yet this year?
Carnival is a countrywide party. Rio de Janeiro has the most famous but São Paulo's is also nice.

I just kept hanging out with friends, drinking (lots) of beer and enjoying the whether that was F-A-N-T-A-S-T-I-C during those last few days - by the pool for sure...
  • #6,518
  • Feb 21, 2007 8:15am Feb 21, 2007 8:15am
fomc later
  • #6,519
  • Feb 21, 2007 8:18am Feb 21, 2007 8:18am
Quoting 59fender
fomc later
Thats reason enough for me to stay away for the rest of the day today too. Theres probably only going to be a lot of consolidation before that comes out. Good luck in your trading today.,
I dream, therefore I become.
  • #6,520
  • Feb 21, 2007 8:25am Feb 21, 2007 8:25am
Quoting 59fender
fomc later
Well put

Out, too
426 traders viewing now