Cable Update (GBPUSD) | Page 5696 | 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)

  • #113,901
  • Jan 21, 2009 7:08pm Jan 21, 2009 7:08pm
Is this new 1hr candle going long or short 'cos mines stuck???

  • #113,902
  • Jan 21, 2009 7:17pm Jan 21, 2009 7:17pm
Quoting Si Tr4d3r
Is this new 1hr candle going long or short 'cos mines stuck???

It retraced back to the 38 fib of the previous 1H candle and now attempting to break its high...
  • #113,903
  • Jan 21, 2009 7:22pm Jan 21, 2009 7:22pm
just listened to bbc news on the net and they are saying GBP is FINISHED !

I think they could be right... city of london is dealt a heavy blow and the few banks are in worse shape than the thousands of US banks

think I will bargain for my beer in harrogate next week (I do anyway coz i am cheap !)

http://www.bbc.co.uk/radio4/index.shtml?logo
  • #113,904
  • Jan 21, 2009 7:39pm Jan 21, 2009 7:39pm
Quoting allserene
just listened to bbc news on the net and they are saying GBP is FINISHED !

I think they could be right... city of london is dealt a heavy blow and the few banks are in worse shape than the thousands of US banks

think I will bargain for my beer in harrogate next week (I do anyway coz i am cheap !)

http://www.bbc.co.uk/radio4/index.shtml?logo

of course they are.
USD Est Non Mortuus
  • #113,905
  • Jan 21, 2009 8:00pm Jan 21, 2009 8:00pm
Quoting LuckyLurker
of course they are.
Better take em some food in poor old blighty

they can't blame the americans - they can blame the dutch who bought all the american assets and then got taken over by rbs

they should have stuck with lending to highland cow farmers and traded on demo for their international acquisitions

what a mess - glad i am too confused to work and therefore cant be fired - and all my family are on welfare anyway so thats ok !

I can't see this thing trotting off to 1.45 and 1.50 and all that stuff

it's in it's death throes and coming up for the third time
  • #113,906
  • Jan 21, 2009 8:12pm Jan 21, 2009 8:12pm
Quoting allserene
Better take em some food in poor old blighty

they can't blame the americans - they can blame the dutch who bought all the american assets and then got taken over by rbs

they should have stuck with lending to highland cow farmers and traded on demo for their international acquisitions

what a mess - glad i am too confused to work and therefore cant be fired - and all my family are on welfare anyway so thats ok !

I can't see this thing trotting off to 1.45 and 1.50 and all that stuff

it's in it's death throes and coming up for the third time...
Well I'd say 2.0 is out of the question this week for sure.. DAMMIT i was really hoping to make a quick 1.5 mil.
USD Est Non Mortuus
  • #113,907
  • Jan 21, 2009 8:23pm Jan 21, 2009 8:23pm
Pin bar on daily hourly chart coincide with pivot level
Pin bar on Daily chart follow by a 50% retracement on the next daily bar
all the same pattern with gbpjpy already 150pip up and jpy 50pip up in the money gbp still trying to going up. This is a buy signal that i'm taking already lock 200 pip with gbpjpy and jpy, hope gbpus will follow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 23 KB
Click to Enlarge Name: b.gif Size: 22 KB
  • #113,908
  • Jan 21, 2009 8:29pm Jan 21, 2009 8:29pm
Quoting Lejumeau
Pin bar on daily hourly chart coincide with pivot level
Pin bar on Daily chart follow by a 50% retracement on the next daily bar
all the same pattern with gbpjpy already 150pip up and jpy 50pip up in the money gbp still trying to going up. This is a buy signal that i'm taking already lock 200 pip with gbpjpy and jpy, hope gbpus will follow.
Oh dear, and I am hoping for down....

What if gbp correlates with euro and Dow and their techies say down ?

oh well, if the DOW and cable go up, then I will make a gazillion on shares and lose some on forex - but my USD shares will be worth more GBP... I am confused , I dont know if I am losing or gaining - depends which country I end up in I suppose
  • #113,909
  • Jan 21, 2009 8:45pm Jan 21, 2009 8:45pm
Well we are still in a downtrend so we still have to be careful who knows, but if you look at the chart when price hit the far fiblevel out of the center moving average it kind of trying to get back to the moving average, so since it coincide with pivot level also and a major downtrend lately this could be a pulling back opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 27 KB
  • #113,910
  • Jan 21, 2009 8:45pm Jan 21, 2009 8:45pm
The only way i'm really catching these moves with any confidence at this point is limit orders... just about as perfect m5 triangle break long as i could get... took 50.. good thing I did... seems like someone is taking every rally short to higher levels.... 3950 looked like great area for tp... and turned out true... great shorting opp up there.. almost flipped it.

Asian is having way to much fun lately...
DireXiv Make it happen, no one else is going to do it for you...
  • #113,911
  • Jan 21, 2009 9:30pm Jan 21, 2009 9:30pm
Quoting DireXiv
The only way i'm really catching these moves with any confidence at this point is limit orders... just about as perfect m5 triangle break long as i could get... took 50.. good thing I did... seems like someone is taking every rally short to higher levels.... 3950 looked like great area for tp... and turned out true... great shorting opp up there.. almost flipped it.

Asian is having way to much fun lately...
Hey DireX

i've been taking shorts from the 3950 level..tight SL...
about the immediate for the g/u...i see it retracing...maybe to where we are now...
but the USD index shows dollar to continue value growth. and g/u to still be in more turmoil in financial sector...charts show long term bearish..testing 1.36 immediate and 1.30 medium term and long term.. ?too far to imagine at this time. we have dropped below the 1.4 levels and that puts us into the 1985 region...
  • #113,912
  • Jan 21, 2009 9:36pm Jan 21, 2009 9:36pm
Ya.. I have no inclination for any long term longs on g/u... my charts are still full short even after the large up move.. didn't change much based on my trend indentification... the long was to irrestible to miss Should have been thinking short on the rise like you were...

One I got out of the long I went for family time.. and came back down to see the short was GREAT.

Edit: this v/W pattern we are seeing... would it be "safe" (as safe as it could be right now) to assume a move above 1.405 would see a significant move up?

Quoting JammerJams
Hey DireX

i've been taking shorts from the 3950 level..tight SL...
about the immediate for the g/u...i see it retracing...maybe to where we are now...
but the USD index shows dollar to continue value growth. and g/u to still be in more turmoil in financial sector...charts show long term bearish..testing 1.36 immediate and 1.30 medium term and long term.. ?too far to imagine at this time. we have dropped below the 1.4 levels and that puts us into the 1985 region...
DireXiv Make it happen, no one else is going to do it for you...
  • #113,913
  • Jan 21, 2009 11:02pm Jan 21, 2009 11:02pm
1.3945-1.3975 is the crucial level to lead where she goes today ! I myself went short 1.3975 and already closed at 1.3945.
Attached Image (click to enlarge)
Click to Enlarge Name: 220109.gif Size: 78 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,914
  • Jan 22, 2009 12:31am Jan 22, 2009 12:31am
Quoting manize
1.3945-1.3975 is the crucial level to lead where she goes today ! I myself went short 1.3975 and already closed at 1.3945.

I see 1.3835 as the line in the sand. I see 1.4250 before the end of the week. I have plenty of analysis to back it up, not just blowing hot air fwiw...
not that it really matters as everyone is shorting this puppy (except me)
"Timing Is Everything. Really I Swear It Is"
  • #113,915
  • Jan 22, 2009 12:40am Jan 22, 2009 12:40am
Quoting TexasforEX
I see 1.3835 as the line in the sand. I see 1.4250 before the end of the week. I have plenty of analysis to back it up, not just blowing hot air fwiw...
not that it really matters as everyone is shorting this puppy (except me)
Please do show us your analysis. We can learn more about that. thanks so much
  • #113,916
  • Jan 22, 2009 12:59am Jan 22, 2009 12:59am
Quoting TexasforEX
I see 1.3835 as the line in the sand. I see 1.4250 before the end of the week. I have plenty of analysis to back it up, not just blowing hot air fwiw...
not that it really matters as everyone is shorting this puppy (except me)
Might be right, but I went short again 1.3935, once touched the gann line !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,917
  • Jan 22, 2009 12:59am Jan 22, 2009 12:59am
i think GU will go down to 1.3800 than go up back...
Attached Image (click to enlarge)
Click to Enlarge Name: gum152201.gif Size: 15 KB
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #113,918
  • Jan 22, 2009 1:19am Jan 22, 2009 1:19am
Quoting ammal07
i think GU will go down to 1.3800 than go up back...
1.38 sure is a resistance line, but it might be broken downwards as well. Maybe not today, but it can happen tomorrow.
  • #113,919
  • Jan 22, 2009 1:25am Jan 22, 2009 1:25am
long at 1.3835. tight s/l
Keep It Simple Stupid
  • #113,920
  • Jan 22, 2009 1:26am Jan 22, 2009 1:26am
Quoting Alastair
long at 1.3835. tight s/l
s/l @ +1
Keep It Simple Stupid
2,137 traders viewing now, 3 are registered:
,
andrimaul
,
bravenewbie