Cable Update (GBPUSD) | Page 5778 | 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)

  • #115,541
  • Jan 27, 2009 5:26pm Jan 27, 2009 5:26pm
Quoting nAVIN2007
it could so easily go the other way as well...

something which is likely..its food for thought anyway
yeah im gonna wait for comfirmation. I cant decide if im gonna trade the Asian or get up early tomorrow decisions decisions
  • #115,542
  • Jan 27, 2009 6:09pm Jan 27, 2009 6:09pm
looks like were heading towards 1.44xx the trend line has now turned into support
  • #115,543
  • Jan 27, 2009 6:32pm Jan 27, 2009 6:32pm
Quoting PipLand
ive closed my short now i reckon we will test the trend line yet again
me too i am well stuffed
  • #115,544
  • Jan 27, 2009 6:33pm Jan 27, 2009 6:33pm
Quoting allserene
me too i am well stuffed
sorry to hear that, what price were you short from?
  • #115,545
  • Jan 27, 2009 6:42pm Jan 27, 2009 6:42pm
Quoting allserene
me too i am well stuffed
Alserene,

I'm going w/your "Fundies" approach,
I've got short 'Soldier's' a marching...

I'm where you were last week...
"Forget all that 1.44 Stuff".
I know we've went up what... (3) days now,
and are building a strong week, but on the bigger
slope i think it's just coming up for air. !

Just Curious your thoughts,

Jeff
I will work to Objectively Identify my Edges
  • #115,546
  • Jan 27, 2009 6:44pm Jan 27, 2009 6:44pm
This PA is nuts!
We’ve got classic bearish pin at 6 pm, and what? It went up.
I am out of here. Green pips to everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.jpg Size: 74 KB
  • #115,547
  • Edited 7:16pm Jan 27, 2009 7:12pm | Edited 7:16pm
Wow that was a quick trip down for my 4205 short. Pity i closed it after a couple of the first bounces around the previous resistance. Thought it was being support.
Bugga - remember targets - oh well next please
Target 2 : Stoploss in the green
  • #115,548
  • Edited 7:28pm Jan 27, 2009 7:17pm | Edited 7:28pm
Quoting PipLand
sorry to hear that, what price were you short from?
been doing some euro but i got so engrossed in my taxes i didnt take care

I was short and it went up mental so i dived out

then it crashed

just for a laugh - look at the daily euro chart and tell me what the daily trend is !!!! I dare you

not been concentrating for a while and lost all my month's gains back

Off to England tomorrow evening so i will refresh and start again - but it takes dedication
  • #115,549
  • Jan 27, 2009 7:24pm Jan 27, 2009 7:24pm
Quoting allserene
been doing some euro but i got so engrossed in my taxes i didnt take care

I was short and it went up mental so i dived out

then it crashed

just for a laugh - look at the daily euro chart and tell me what the daily trend is !!!! I dare you

not been concentrating for a while and lost all my month's gains back

Off to England tomrow evening so i will refresh and start again - but it takes dedication
E/U or E/G

Daily E/G has the biggest H&S in the world, If it plays out it will fall out of the sky!

E/U im gonna stick to my analysis I did earlier on this and say down to 1.3050 support area and then start the climb up to 1.46xx area
  • #115,550
  • Jan 27, 2009 7:25pm Jan 27, 2009 7:25pm
Is that a pin bar on m15
  • #115,551
  • Jan 27, 2009 7:26pm Jan 27, 2009 7:26pm
Quoting koorb
Is that a pin bar on m15
yes but bear in mind were back below the trendline again
  • #115,552
  • Jan 27, 2009 7:29pm Jan 27, 2009 7:29pm
and now up we go
  • #115,553
  • Jan 27, 2009 7:31pm Jan 27, 2009 7:31pm
Quoting koorb
and now up we go
Whilst we remain below the trendline my bias is for shorts
  • #115,554
  • Jan 27, 2009 7:33pm Jan 27, 2009 7:33pm
Quoting PipLand
E/U or E/G

Daily E/G has the biggest H&S in the world, If it plays out it will fall out of the sky!

E/U im gonna stick to my analysis I did earlier on this and say down to 1.3050 support area and then start the climb up to 1.46xx area
E/U

yes I reckon it was well oversold under 1.30

who knows about the fundies - rest of the world always lags the US so Europe isn't out of the woods


Bit dispirited really because that long run we had on cable from 2005 was great - even if you screw up your entry points you just sit still for a week and the market catches up

We are supposed to be following nice long trends and not an insane twitchy roller coaster which is what euro and cable are right now

In the text book it says that forex is ideal for trading as it proceeds in long smooth easily discerned trends - not the last couple of years it hasn't

Those were the days !
  • #115,555
  • Jan 27, 2009 7:36pm Jan 27, 2009 7:36pm
Quoting PipLand
E/U or E/G

Daily E/G has the biggest H&S in the world, If it plays out it will fall out of the sky!

E/U im gonna stick to my analysis I did earlier on this and say down to 1.3050 support area and then start the climb up to 1.46xx area

I'm looking at the E/G daily and I am having a hard time seeing the H&S you speak of. Can you post your chart showing the soulders and head.

Thanks
  • #115,556
  • Jan 27, 2009 7:41pm Jan 27, 2009 7:41pm
Quoting allserene
E/U

yes I reckon it was well oversold under 1.30

who knows about the fundies - rest of the world always lags the US so Europe isn't out of the woods


Bit dispirited really because that long run we had on cable from 2005 was great - even if you screw up your entry points you just sit still for a week and the market catches up

We are supposed to be following nice long trends and not an insane twitchy roller coaster which is what euro and cable are right now

In the text book it says that forex is ideal for trading as it proceeds in long...
Unfortunatly I was never trading during the easy days so all I know is the turbulent times, i guess its just normal for me, I probably wouldnt know what to do if a currency pair trended for more than a week
  • #115,557
  • Jan 27, 2009 7:45pm Jan 27, 2009 7:45pm
1st is a possible shoulder froming with an intention to go down.
2nd is the inverted h&d with the shoulder that is already formed, nice neck there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 25 KB
Click to Enlarge Name: 2.PNG Size: 25 KB
  • #115,558
  • Jan 27, 2009 7:46pm Jan 27, 2009 7:46pm
Quoting SmoothTrader
I'm looking at the E/G daily and I am having a hard time seeing the H&S you speak of. Can you post your chart showing the soulders and head.

Thanks
This is what im looking at
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 25 KB
  • #115,559
  • Jan 27, 2009 7:46pm Jan 27, 2009 7:46pm
Good Morning All
  • #115,560
  • Jan 27, 2009 7:52pm Jan 27, 2009 7:52pm
Quoting PipLand
This is what im looking at

I thought it might be and I believe it is valid. Of course we would always like to see the neckline more horizontal, but this is still a clean setup. I'll be watching it to see if it materializes.

Thanks,
2,197 traders viewing now, 3 are registered:
,
,
AlphaGM