Cable Update (GBPUSD) | Page 5818 | 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)

  • #116,341
  • Jan 29, 2009 3:44pm Jan 29, 2009 3:44pm
Quoting nAVIN2007
im thinking short bias but im quite concerned about the short body on monthly..
today we broke the low and high of previous day and ended up in the middle, this is by no means clear cut

i reckon 70:30 short direction bias ( me thinks)
Nice chart Navin, its def not clear cut.

I would say down to 4240 then up to 4470
  • #116,342
  • Jan 29, 2009 3:52pm Jan 29, 2009 3:52pm
Quoting nAVIN2007
im thinking short bias but im quite concerned about the short body on monthly..
today we broke the low and high of previous day and ended up in the middle, this is by no means clear cut

i reckon 70:30 short direction bias ( me thinks)


Do yourself a favor navin walk away from your charts. Slow time of day no volume walk away clear your head. Come back ready to roll when the time is right. London
  • #116,343
  • Jan 29, 2009 4:11pm Jan 29, 2009 4:11pm
For those of us short, here's the push I'm looking for through the 15m 50ema. We need to get below it. Be prepared for buyers once this closes.
Just digging in the trenches like everyone else!
  • #116,344
  • Jan 29, 2009 4:31pm Jan 29, 2009 4:31pm
Quoting eohater
For those of us short, here's the push I'm looking for through the 15m 50ema. We need to get below it. Be prepared for buyers once this closes.
We didn't get through it, she came back up, but now she's between the 35sma and 50ema. Let's see where she goes from here.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #116,345
  • Jan 29, 2009 5:01pm Jan 29, 2009 5:01pm
Was already short e/u or I would have taken it.. the m5 gave a great candle at the 50 for a long... oh well... e/u better get to 2900.. or I'll regret it.

Quoting eohater
We didn't get through it, she came back up, but now she's between the 35sma and 50ema. Let's see where she goes from here.

Trade well everyone!
EO
DireXiv Make it happen, no one else is going to do it for you...
  • #116,346
  • Jan 29, 2009 5:40pm Jan 29, 2009 5:40pm
Navin bro,

If you read this hit the chat room. (You know which one)

Trade well everyone, I was back at Uni today so no intraday adventures for me.

Trade well,

EDIT: Darn im looking at post times now and Nav's probably long gone.
  • #116,347
  • Jan 29, 2009 5:41pm Jan 29, 2009 5:41pm
Quoting DireXiv
Was already short e/u or I would have taken it.. the m5 gave a great candle at the 50 for a long... oh well... e/u better get to 2900.. or I'll regret it.
short or long ?
  • #116,348
  • Jan 29, 2009 5:59pm Jan 29, 2009 5:59pm
I am short and setting a tight stop loss

I believe the pound is going to move down against the dollar soon

could do better against Euro indeed
  • #116,349
  • Jan 29, 2009 6:11pm Jan 29, 2009 6:11pm
Direction is clear as pointed out by Hard1 to Head 1 a great trader....
Attached Image (click to enlarge)
Click to Enlarge Name: 14-gbpusd.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,350
  • Jan 29, 2009 6:18pm Jan 29, 2009 6:18pm
Quoting Bones
Direction is clear as pointed out by Hard1 to Head 1 a great trader....

which levels do you see the pair going to?
  • #116,351
  • Jan 29, 2009 6:37pm Jan 29, 2009 6:37pm
Quoting fammira
which levels do you see the pair going to?
were sitting on support at the moment i did expect it to hold earlier but its under heavy attack at the moment so i dont know. Next support is 4160 then 4040
  • #116,352
  • Jan 29, 2009 6:37pm Jan 29, 2009 6:37pm
Well im not quite sure on that I have an idea Fammira but this is Forex
Attached Image (click to enlarge)
Click to Enlarge Name: 14-gbpusd ,daily 30-01.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,353
  • Jan 29, 2009 6:38pm Jan 29, 2009 6:38pm
Quoting PipLand
were sitting on support at the moment i did expect it to hold earlier but its under heavy attack at the moment so i dont know. Next support is 4160 then 4040
Also if 4225 holds for long enough then I expect this to go to 4415, prob have to wait for london for that though
  • #116,354
  • Jan 29, 2009 6:42pm Jan 29, 2009 6:42pm
Quoting PipLand
Also if 4225 holds for long enough then I expect this to go to 4415, prob have to wait for london for that though
Just popping in to check on my short soliders. Appears their doing fine. Pullbacks are to be expected. I'll be back later to check on them again.
Just digging in the trenches like everyone else!
  • #116,355
  • Jan 29, 2009 6:46pm Jan 29, 2009 6:46pm
Quoting Bones
Well im not quite sure on that I have an idea Fammira but this is Forex
ahah, that's why you talk about clear direction
  • #116,356
  • Jan 29, 2009 6:48pm Jan 29, 2009 6:48pm
Looks like its going to pop back up to at least 1.4328 area or higher.
  • #116,357
  • Jan 29, 2009 6:49pm Jan 29, 2009 6:49pm
nikkei down 3%.
entered short gbp/usd at 1.42452.
hopefully the down markets and tomorrow's gdp report will push this down further.
  • #116,358
  • Jan 29, 2009 6:51pm Jan 29, 2009 6:51pm
Quoting eohater
Just popping in to check on my short soliders. Appears their doing fine. Pullbacks are to be expected. I'll be back later to check on them again.
Nice! 4225 is gonna have a tough time trying to hold. Only thing that can stop it falling is some EU strength but i just cant see it happening. There is some buyers for EU coming in now so well just have to see.

EG hasnt got that much more room to fall before it starts hitting some resistance 9000 will be a difficult level
  • #116,359
  • Jan 29, 2009 6:53pm Jan 29, 2009 6:53pm
Quoting joemiami
Looks like its going to pop back up to at least 1.4328 area or higher.
Unless EU puts up a fight then its not gonna happen im afraid
  • #116,360
  • Jan 29, 2009 6:54pm Jan 29, 2009 6:54pm
nice move down 2 minutes after i entered the short trade.i'm liking it!
289 traders viewing now