Cable Update (GBPUSD) | Page 352 | 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)

  • #7,021
  • Feb 26, 2007 4:04am Feb 26, 2007 4:04am
cesar....remember about our analise?...so far doing good...
its just money
  • #7,022
  • Feb 26, 2007 4:08am Feb 26, 2007 4:08am
Quoting de123
cesar....remember about our analise?...so far doing good...
Scary sh** but looking the most precise piece of analysis lately...
Attached Image
  • #7,023
  • Feb 26, 2007 4:11am Feb 26, 2007 4:11am
Given the news tomorrow and rather directionless morning, could the price simply be bounded by 605 and 658 or today? All this morning I have considered entries and decided to stay out and so far I a quite glad I have.

I have a long bias but I just don't know how low the price will go before the potential uptrend kicks in.
  • #7,024
  • Feb 26, 2007 4:14am Feb 26, 2007 4:14am
mmmm, I wish I had stayed out.. Ive been long since last night..

got a bit worried this morning, changed to Short.. and just about 20 mins ago, went long again..

Nightmare.. Looks like the 9605 is holding though.. its tried to come down to it twice now and still holds..

I get a feeling that its going to be rangebound between 9605 & 9650 until maybe the US can make something happen..

Im holding long.. its too much stress changing!!!
  • #7,025
  • Feb 26, 2007 4:17am Feb 26, 2007 4:17am
Quoting 17121712
could the price simply be bounded by 605 and 658 or today?
Yes and so far most likely. Next hour or so is usualy London peak (volume), then fumes until US open. Long bias + big boosts up by 10-11h GMT or US session are what bulls may be relying on now... Like me, for instance.

Spike below 9600 will trigger my intestine here... Second spike will trigger my SL
  • #7,026
  • Feb 26, 2007 4:19am Feb 26, 2007 4:19am
Apologies for mistakes in my post. My keyboard isn't responding terribly well.
  • #7,027
  • Feb 26, 2007 4:19am Feb 26, 2007 4:19am
Quoting kenmania
I always saw pin-bars as being rather skinny. :
speak for yourself
  • #7,028
  • Feb 26, 2007 4:21am Feb 26, 2007 4:21am
Quoting cesarnc
Yes and so far most likely. Next hour or so is usualy London peak (volume), then fumes until US open. Long bias + big boosts up by 10-11h GMT or US session is what bulls may be relying on now... Like me, for instance.

Spike below 9600 will trigger by intestine here... Second spike will trigger my SL

I've just spotted the resistance going back to the 15th Feb, 9661.. Anybody else spot this ??? Maybe holding as a good resistance level?
  • #7,029
  • Feb 26, 2007 4:23am Feb 26, 2007 4:23am
[USD INDEX KEY AT 83.83/90] Usd bears, we suggest, should keep a close eye on the downside in Usd Index. It appears Usd/Majors are threatening a range break lower(*). We supsect 83.83/90 region could be key to the broader market. The former is a fibo (50% of 82.24/85.43 move) and a break below could inspire a fairly rapid move south to the mid 83's.

(*) so Cable/EUR up, just for carity sakes here.
  • #7,030
  • Feb 26, 2007 4:24am Feb 26, 2007 4:24am
Quoting Bradone
speak for yourself
To tell you the truth...the 4 hour bar could stand to go on a diet, too.
Is your SL my TP?
  • #7,031
  • Feb 26, 2007 4:24am Feb 26, 2007 4:24am
Quoting cesarnc
Yes and so far most likely. Next hour or so is usualy London peak (volume), then fumes until US open. Long bias + big boosts up by 10-11h GMT or US session are what bulls may be relying on now... Like me, for instance.

Spike below 9600 will trigger my intestine here... Second spike will trigger my SL
With your intestinal issues I hope that you are not trading naked. I understand that Depends work well.
  • #7,032
  • Feb 26, 2007 4:26am Feb 26, 2007 4:26am
Quoting patricio0793
I've just spotted the resistance going back to the 15th Feb, 9661.. Anybody else spot this ??? Maybe holding as a good resistance level?
9666-9675 my guess. After that 9720s. Those were points of reversal lately. It's been all rangebounds inside of rangebounds inside of rangebounds... Better jump off when those levels are reached and price stalls..
  • #7,033
  • Feb 26, 2007 5:45am Feb 26, 2007 5:45am
Now we have a brand new pair to trade here....

The [POUND] is up a touch from European opening levels through a fairly volatile session. Early CTA Cable demand has been largely negated by East European Gbp/Jpy sell interest. Current props are yet more booming UK HPI data and relative Usd negative sentiment as the broader market's main driver. UK house prices rose at their fastest pace since June 2003 in Feb, at 6.4% y/y, says Hometrack. Next topside tragets come at 1.9675/80, 1.9700/10 and 1.9730/35. However, we do not expect a major Cable break at this stage. We continue to view the US/Iran standoff as scaremongering, and an excuse, for current Usd weakness. Further, some contacts have pointed to the Sunday Times article "UK trade seesaw could leave Sterling exposed", which could work to slow topside tests. An ACB has a reported sell interest into 1.9680.

I'm short USD/Iran
  • #7,034
  • Feb 26, 2007 6:04am Feb 26, 2007 6:04am
Rumors of US Special Forces already inside of Iran, ready to strike. This morning (Brazil) on Fox News.

Ok, another rumor. But they're getting hotter and hotter...

- Israel to smoke the hell out of Iran, USA out
- USD going down, Iran related is being speculated
- US to strike Iran early this week
- Specs that US would strike Iran during the weekend
- Rumors of force already in, ready to go hot.

  • #7,035
  • Feb 26, 2007 6:09am Feb 26, 2007 6:09am
Often rumours move the market more than facts do.

So, why is there no movement with all these rumours flying about? I would expect to see cable rising and USD/JPY falling like a rock, yet there is only sideways movement.
  • #7,036
  • Feb 26, 2007 6:14am Feb 26, 2007 6:14am
Quoting moonchild
Often rumours move the market more than facts do.

So, why is there no movement with all these rumours flying about? I would expect to see cable rising and USD/JPY falling like a rock, yet there is only sideways movement.
I'm waiting for the US to show up... It sideways goes on, then I'll get out of the long position... Stalling for a whole day at this level, may refresh the bears tomorrow, at least to spook our stops below 9600....
  • #7,037
  • Feb 26, 2007 6:29am Feb 26, 2007 6:29am
indicators look some how confusing.Any body with an idea of market trend on gbp/usd? Thanks.
With patience and discipline,you move beyond the sky
  • #7,038
  • Feb 26, 2007 6:44am Feb 26, 2007 6:44am
Quoting cesarnc
Now we have a brand new pair to trade here....
I'm short USD/Iran
wrong cesar,...im long GBP/Iraq.....loking to go long on gbp/iran...but its still just a rumor......
its just money
  • #7,039
  • Feb 26, 2007 6:46am Feb 26, 2007 6:46am
Quoting biodunola07
indicators look some how confusing.Any body with an idea of market trend on gbp/usd? Thanks.
It usual to have conflicting indicators during choppy market like this, specially the shorter terms...

Cable was attempting a breakout to the upside and registered some new highs today (9659) until GBP/YEN was soldoff, by some Russian fellows as reported, then market ran out of steam.

Euro was fighting to go down and still shows uncertainty. I'm now purely gambling that US session will shoot up as I got what proved thereafter to be a good price to buy - 9610.

First sign of weakness at 9560s again and I'm calling it a day never to look back.
  • #7,040
  • Feb 26, 2007 6:50am Feb 26, 2007 6:50am
Quoting de123
wrong cesar,...im long GBP/Iraq.....loking to go long on gbp/iran...but its still just a rumor......


I didn't mean that this rumor may be the fuel to fresh highs. Rumors that move market usualy gets to my computer 200 pips after

I'm just saying that USD/Iran short (GBP/Iran long, whatever) is still on the cards here in the absence of the fundys
538 traders viewing now, 5 are registered:
CrazyTrades
,
Shijirbaatar
,
bolivarfx
,
makeme
,
ndtrunghieu