Cable Update (GBPUSD) | Page 5413 | 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)

  • #108,241
  • Dec 19, 2008 8:27am Dec 19, 2008 8:27am
Quoting Infinity
I am considering a short based on the retest of the old channel but I am too tired to open a new trade right now.. I just got back from a party and did a quick check on the charts...
This worked out very nicely but I was too tired to stay in it so I only got 50 pips on it..... We are now at this last lower line... I think if it goes we will see 4820 in short order......
Attached Image
Patience + Discipline - Greed = Success
  • #108,242
  • Dec 19, 2008 8:55am Dec 19, 2008 8:55am
Quoting Infinity
This worked out very nicely but I was too tired to stay in it so I only got 50 pips on it..... We are now at this last lower line... I think if it goes we will see 4820 in short order......
Great call - its almost there

It's up and down like a bride's nighty
  • #108,243
  • Dec 19, 2008 9:00am Dec 19, 2008 9:00am
Looking at the spreads on OANDA - I think these 'new yorkers' are trying to make their 'made-off' money back
  • #108,244
  • Dec 19, 2008 9:00am Dec 19, 2008 9:00am
5100 anyone?
  • #108,245
  • Edited 9:12am Dec 19, 2008 9:11am | Edited 9:12am
Quoting allserene
Looking at the spreads on OANDA - I think these 'new yorkers' are trying to make their 'made-off' money back

Why are the spreads so so wide on oanda? Sometimes my trade is stopped out in profit but takes ages for the actual trade to close off!
Anyways...been a great week for me and I hope that all on here have a fabulous friday ..
Enjoy your weekend people...see yer next week !
  • #108,246
  • Dec 19, 2008 9:17am Dec 19, 2008 9:17am
Quoting Bullfx
I exit my short
Good deal there. I am still short. I got in at 1.5050. Still trying to get to 1.4900 at least. Was trying for 1.4800 but still needs some downward push for that.
  • #108,247
  • Dec 19, 2008 9:20am Dec 19, 2008 9:20am
Quoting allserene
Looking at the spreads on OANDA - I think these 'new yorkers' are trying to make their 'made-off' money back
I also noticed Oanda has some more exotics available now. Now they have nzd/jpy eur/nzd aud/cad
  • #108,248
  • Dec 19, 2008 9:22am Dec 19, 2008 9:22am
Quoting bakula
Why are the spreads so so wide on oanda? Sometimes my trade is stopped out in profit but takes ages for the actual trade to close off!
Anyways...been a great week for me and I hope that all on here have a fabulous friday ..
Enjoy your weekend people...see yer next week !
yes they can be a bit dodgy with the time i takes to stop or t/p and the spread size too !

They are like a loss leader supermarket - really nice spreads like 0.9 on euro - but only when nothing is happening

When you need them - when the markets wake up, the spreads balloon

Like an insurance company too - they only insure you when there is little risk
  • #108,249
  • Dec 19, 2008 9:25am Dec 19, 2008 9:25am
Weekly Pivot at 1.49487 also a .618 on the fib level on 5 wave sequence up on the 4H chart. This is looking like an ABC down, but the wave up was only 3 waves which makes me think that it is ABC correction we are now seeing. It could also be the wave 4 of the C wave in play, so we might get a three wave sequence then down again.

See attached charts

Smalldog
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 19th dec.gif Size: 40 KB
Click to Enlarge Name: gbpusd m1519th dec.gif Size: 46 KB
  • #108,250
  • Dec 19, 2008 9:29am Dec 19, 2008 9:29am
if it break 1.4920 ill become a bear if it breaks and manages to stay above 1.5 for more than 10 secondds ( 0r more likely 15min) ill be bullish. but this being last friday before christmas im only gonna try tiny lots
  • #108,251
  • Dec 19, 2008 9:45am Dec 19, 2008 9:45am
Quoting lexazver
if it break 1.4920 ill become a bear if it breaks and manages to stay above 1.5 for more than 10 secondds ( 0r more likely 15min) ill be bullish. but this being last friday before christmas im only gonna try tiny lots
Right now at 1.4923. Looking for 1.4900. I think it has legs to go shorter. See what happens
  • #108,252
  • Dec 19, 2008 9:51am Dec 19, 2008 9:51am
Quoting ferndog
Right now at 1.4923. Looking for 1.4900. I think it has legs to go shorter. See what happens
My shorts would like for the current 15m candle to close around 4950 or lower. This will confirm the break of the current low and she should continue southbound. My shorts are from 4980 and I'm covered at +3. We'll see how she plays out.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #108,253
  • Dec 19, 2008 9:59am Dec 19, 2008 9:59am
hi all
yesterday we touched the target of one daily trend and next is 1.4855 the target of the last daily trend... might be a bounce from there

hope everyone is well!!

see you laters alligators!! im flat for the third week in a row! mildly positive

When life gives you lemons, make lemonade
  • #108,254
  • Dec 19, 2008 10:00am Dec 19, 2008 10:00am
Quoting lexazver
if it break 1.4920 ill become a bear if it breaks and manages to stay above 1.5 for more than 10 secondds ( 0r more likely 15min) ill be bullish. but this being last friday before christmas im only gonna try tiny lots



Thats funny cause based on your info i will do the opposite. Breaks below 4920 I will buy
  • #108,255
  • Dec 19, 2008 10:04am Dec 19, 2008 10:04am
Quoting steelhead
Thats funny cause based on your info i will do the opposite. Breaks below 4920 I will buy
I'm looking for buys a little bit lower myself, that's just me and I'm currently short, so of course I want to see it go lower. But 4800 seems to be a nice area to start buying. We'll see, if your already long, I know you'll be adding to her ass all the way down the 4800.

Have a good weekend my friend!
Just digging in the trenches like everyone else!
  • #108,256
  • Dec 19, 2008 10:06am Dec 19, 2008 10:06am
Quoting micho
hi all
yesterday we touched the target of one daily trend and next is 1.4855 the target of the last daily trend... might be a bounce from there

hope everyone is well!!

see you laters alligators!! im flat for the third week in a row! mildly positive

MICHOOOOOOO

What are you doing being flat for a third week? Your back bothering you? Being flat is better than being negative. The new year will bring you lots of pippage!
Just digging in the trenches like everyone else!
  • #108,257
  • Dec 19, 2008 10:07am Dec 19, 2008 10:07am
Quoting ferndog
Right now at 1.4923. Looking for 1.4900. I think it has legs to go shorter. See what happens
ive decided not to touch cable today, looking at euro for now, if pound falls alot then ill buy
  • #108,258
  • Dec 19, 2008 10:08am Dec 19, 2008 10:08am
I'm short from 1.5161 which is the 38.2% retracement of yesterday's PA. If it turns out to be the c-d leg of an ab=cd pattern, then the projected TP is around 1.4450.
Hi, my name is Barry and you can keep your doctor...
  • #108,259
  • Dec 19, 2008 10:09am Dec 19, 2008 10:09am
Quoting steelhead
Thats funny cause based on your info i will do the opposite. Breaks below 4920 I will buy
this is for scalps but given its price action now i've decided not to touch it.
  • #108,260
  • Dec 19, 2008 10:10am Dec 19, 2008 10:10am
I think it will hit 1.4900. See what happens. Getting close now. Sticking with me short for now
443 traders viewing now, 2 are registered:
Altaf249
,
ricmaj