Cable Update (GBPUSD) | Page 5928 | 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)

  • #118,541
  • Feb 5, 2009 11:35am Feb 5, 2009 11:35am
Quoting daffy
Perhaps if you got on the phone again it might come down
you know what It actually works!! i just got off the phone again, quick quick im gonna have to call someone !!
  • #118,542
  • Feb 5, 2009 11:36am Feb 5, 2009 11:36am
hi itold before that we are in down trend as daily chart shown
but on the 4 hour we still in uptrend

there is semitrical triangle on 4 hour which we can calculate the first target this formation if it break to up and close above it then the target will be surprise 1.5080
and if she goes to there then we make another high high on the daily then we will wait if it make higher low then we are on begining of up trend onthe daily chart

ps : we calculate this formation take the high triangle then suptract it from the lower of the triangle then we add the result to the close candle which close above the triangle then will be with this example i show to you 1.5080

thanks iwan t your commenton that
Attached Image (click to enlarge)
Click to Enlarge Name: llll.gif Size: 16 KB
  • #118,543
  • Feb 5, 2009 11:39am Feb 5, 2009 11:39am
Well the $ is not being sold,the £ is being brought.

Quoting nicotine
what is happening right now with USD in all pairs?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,544
  • Feb 5, 2009 11:42am Feb 5, 2009 11:42am
Quoting Infinity
Not necessarily..I would prefer to see a lower high, lower low and lower close on the h1 ideally but.. I took a chance on the pullback after the last m15 close.. let's see how it closes now...

My connection is on and off...
thanks!
  • #118,545
  • Feb 5, 2009 11:45am Feb 5, 2009 11:45am
Quoting Lbrto
Hey guys!

Got this quote from a Reuters news after EUR got battered by on Thursday because of the BoE rate cut.

"If the US employment figures happen to come in better than expected on Friday, look out for even more pressure on the EUR."

I am just wondering how is this type of economic report from the US correlates to the value assigned to GBP in relation to EUR?

Why would EUR face more pressure from GBP if the US employment figure report becomes better?

I hope you would have the time to explain, coz I'm really stupid when it comes...
The UK is tight with USA success and failures...we are bound in so many ways...banking "financial sector" our job market is their job market indicator. So..if usa shows success...uk will follow much sooner then most other pairs. As long as we see bad USA problems we will see a low on risk appetite....and we will see USD be strong. Once we see markets doing better..the preference for the dollar will diminish.

People are looking for solid foothold to secure what they have.
  • #118,546
  • Feb 5, 2009 11:45am Feb 5, 2009 11:45am
If the $ is sold this would really fly.

Quoting Bones
Well the $ is not being sold,the £ is being brought.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,547
  • Feb 5, 2009 11:46am Feb 5, 2009 11:46am
Hi everyone,

Don't mean to interrupt your concentration.

I've been trying to learn as much as I can about GU "behavior" in order to understand it better and take better trades (hmm..aren't we all?).

I've been following this thread for a while and I think I found the right place: lots of insights, lots of senior members and pro-traders and not too much "noise" (except for mine right now!).

I have been live-trding for about 6mo. and I think GU is a great pair to trade if you get to know him (her?) closely.

I'll be more active from now.


Take care, trade safe and God bless!
  • #118,548
  • Feb 5, 2009 11:51am Feb 5, 2009 11:51am
Quoting Bones
If the $ is sold this would really fly.
un-employment numbers will be startling for now..and much worst predicted for next quarter...wild estimates to near 18%

so..recommendations..please stay clear of setting pendings or locking in a trade before tomorrow..the swings will most likely knock you out if you place SL.
and if you dont place SL..what a gamble...
  • #118,549
  • Feb 5, 2009 11:53am Feb 5, 2009 11:53am
Quoting Manolosal
Hi everyone,

Don't mean to interrupt your concentration.

I've been trying to learn as much as I can about GU "behavior" in order to understand it better and take better trades (hmm..aren't we all?).

I've been following this thread for a while and I think I found the right place: lots of insights, lots of senior members and pro-traders and not too much "noise" (except for mine right now!).

I have been live-trding for about 6mo. and I think GU is a great pair to trade if you get to know him (her?) closely.

I'll be more active from now....
buckleup...
  • #118,550
  • Feb 5, 2009 11:54am Feb 5, 2009 11:54am
Quoting Bones
If the $ is sold this would really fly.
I think the dollar has been sold off today quite a bit. If we look at nzd/usd, aud/usd and usd/cad can see a fair amount of dollar weakness there.

I dont understand why though its not like the news has been great?

Im sure there has defintaly been a lot of sterling interest as well as we had some good news earlier today
  • #118,551
  • Feb 5, 2009 12:00pm Feb 5, 2009 12:00pm
Quoting Manolosal
Hi everyone,

Don't mean to interrupt your concentration.

I've been trying to learn as much as I can about GU "behavior" in order to understand it better and take better trades (hmm..aren't we all?).

I've been following this thread for a while and I think I found the right place: lots of insights, lots of senior members and pro-traders and not too much "noise" (except for mine right now!).

I have been live-trding for about 6mo. and I think GU is a great pair to trade if you get to know him (her?) closely.

I'll be more active from now.


Take...
Welcome aboard, and good luck for the future
  • #118,552
  • Feb 5, 2009 12:00pm Feb 5, 2009 12:00pm
No Pipland the dollar has not budged have you got a USDX chart?
The dollar is currently consolidating I am waiting for a break ,the pound looks to be running out of steam and has hit the center of Resistance


Quoting PipLand
I think the dollar has been sold off today quite a bit. If we look at nzd/usd, aud/usd and usd/cad can see a fair amount of dollar weakness there.

I dont understand why though its not like the news has been great?

Im sure there has defintaly been a lot of sterling interest as well as we had some good news earlier today
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,553
  • Feb 5, 2009 12:01pm Feb 5, 2009 12:01pm
Quoting JammerJams
The blue line you drew is the "Inner" trendline that is keeping this long. ONce it breaks this line..we will see a different movement...
maybe - should be looking for POSSIBLE shorts up around 4760ish
until then i am out - no shorts or longs

Non-farm will not be good no matter how you look at it
and probably going to get worse
  • #118,554
  • Feb 5, 2009 12:01pm Feb 5, 2009 12:01pm
ooo is this a trendline break, is it? is it? or just a mirage? lol
  • #118,555
  • Feb 5, 2009 12:03pm Feb 5, 2009 12:03pm
Quoting PipLand
I think the dollar has been sold off today quite a bit. If we look at nzd/usd, aud/usd and usd/cad can see a fair amount of dollar weakness there.

I dont understand why though its not like the news has been great?

Im sure there has defintaly been a lot of sterling interest as well as we had some good news earlier today

Hey Pip!

there is a big indicator and pending news.....
1. The talking heads are already scaring the market of tomorrows USA job losses. Very big number...
2. The USD Index chart is showing sluggish to turnning downward...

retracement is close for g/u....about another 30 minutes or so..before we see a nice test of 4615 and then possible drop..but not much of a drop..i would say around 38% max..im a little concern that people will stay clear of buying dollar until news is released tomorrow..
  • #118,556
  • Feb 5, 2009 12:13pm Feb 5, 2009 12:13pm
Quoting JammerJams
Hey Pip!

there is a big indicator and pending news.....
1. The talking heads are already scaring the market of tomorrows USA job losses. Very big number...
2. The USD Index chart is showing sluggish to turnning downward...

retracement is close for g/u....about another 30 minutes or so..before we see a nice test of 4615 and then possible drop..but not much of a drop..i would say around 38% max..im a little concern that people will stay clear of buying dollar until news is released tomorrow..
Yeah Im thinking exactly the same thing again!

Im hoping to see 4480 soon but will see what happens when and if 4580 gets tested. The trendline looks like its holding on for dear life at the moment lol. I wont hold my breath though as you say it could be quiet before tomorrow.

Im gonna miss all the fun though as I'm away from tomorrow till the 16th so no trading for me until then
  • #118,557
  • Feb 5, 2009 12:15pm Feb 5, 2009 12:15pm
it looks like weve just sqeezed under the 10ema on the 15min chart, that might help this down
  • #118,558
  • Feb 5, 2009 12:17pm Feb 5, 2009 12:17pm
Quoting PipLand
I think the dollar has been sold off today quite a bit. If we look at nzd/usd, aud/usd and usd/cad can see a fair amount of dollar weakness there.

I dont understand why though its not like the news has been great?

Im sure there has defintaly been a lot of sterling interest as well as we had some good news earlier today
Hey buddy hope youre doing well.This freaky pa has a lot to do with the action in the yen pairs esp U/J.Exploded higher,probably option related position unwinding.
  • #118,559
  • Feb 5, 2009 12:17pm Feb 5, 2009 12:17pm
hi
i think the chart is going down today but not hapened.
where is the next target?
short or long!?where!?
today is not good day for me
  • #118,560
  • Feb 5, 2009 12:18pm Feb 5, 2009 12:18pm
Quoting PipLand
Yeah Im thinking exactly the same thing again!

Im hoping to see 4480 soon but will see what happens when and if 4580 gets tested. The trendline looks like its holding on for dear life at the moment lol. I wont hold my breath though as you say it could be quiet before tomorrow.

Im gonna miss all the fun though as I'm away from tomorrow till the 16th so no trading for me until then
Well...I do get alot from you all..hope to add some little help as well...

I really like Sofia's guts..she is a dooer...and no BS
EO, Adwa, Inifinity and navin and so many others..i like and always appreciate their views...each with kindness and desire to help each other..

well..we are seeing it let up now...it will cross the temporary Inner Trend line...and see if it holds for a candle before consider placing a short..there she goes

but remember..she has to dip below the current support area... ~ 4610 is my level..but 30 min must show hitting below 50 at least.
384 traders viewing now