Cable Update (GBPUSD) | Page 5950 | 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)

  • #118,981
  • Feb 6, 2009 2:05pm Feb 6, 2009 2:05pm
Quoting eohater
Oh yeah! We had a hell of a drop on Sunday.
I would love to see a day close below the 50ema then a drop down to the 1.4300 area for a nice long ride to 5500.....

lots are barriers to get through first though.....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 16 KB
Patience + Discipline - Greed = Success
  • #118,982
  • Feb 6, 2009 2:08pm Feb 6, 2009 2:08pm
Quoting Manolosal
Is there a way to figure out how will Sunday open be?
Yes.....works everytime!
Attached Image
Patience + Discipline - Greed = Success
  • #118,983
  • Feb 6, 2009 2:11pm Feb 6, 2009 2:11pm
  • #118,984
  • Feb 6, 2009 2:29pm Feb 6, 2009 2:29pm
Rick Santelie on CNBC says he does not think the dollar will like the Tarp news monday. I am thinking he may be right because the stock market will most likely love it.

Perhaps we will get a drop sunday (if it does not come before NY session close today) to give it room to shoot back up monday.
  • #118,985
  • Feb 6, 2009 2:30pm Feb 6, 2009 2:30pm
Quoting Infinity
Yes.....works everytime!
How did you get a picture of my system! Damnit! I've been discovered!
Just digging in the trenches like everyone else!
  • #118,986
  • Feb 6, 2009 2:40pm Feb 6, 2009 2:40pm
Be careful, large traders are still net short GBP(46,691 short; 36,994 net short)...
British Pound COT

And USD is also net short(120,311 short; 77,628 net short), but with rapidly decreasing short positions by large traders.
http://www.softwarenorth.net/cot/current/charts/US.png
That means the dollar has gained some strenght and the outlook on the pound is still bad.

It'll be interesting to see what is the positioning of this weeks data.
  • #118,987
  • Feb 6, 2009 2:42pm Feb 6, 2009 2:42pm
welp, i'm planning to leave this over the weekend with 120 pocketed & moving my sl to +30. Still looking for it to open at 1.49 - 1.5 on monday before shorting the crap out of cable. well, that's the plan at least ..
Happy trading guys and have a good weekend!
Thank You
  • #118,988
  • Feb 6, 2009 2:42pm Feb 6, 2009 2:42pm
Quoting Infinity
Yes.....works everytime!
Yes , your right !!!!
  • #118,989
  • Feb 6, 2009 2:49pm Feb 6, 2009 2:49pm
Quoting juanchoc
Be careful, large traders are still net short GBP(46,691 short; 36,994 net short)...
British Pound COT

And USD is also net short(120,311 short; 77,628 net short), but with rapidly decreasing short positions by large traders.
http://www.softwarenorth.net/cot/current/charts/US.png
That means the dollar has gained some strenght and the outlook on the pound is still bad.

It'll be interesting to see what is the positioning of this weeks data.
Overall, myself, I'm bearish against cable. Yes, it's against the current trend. Now, with that said, I'm not afraid to go long or short. It's all about the timing of your position. I don't believe we have found the bottom at 1.35. I think the bottom is somewhere around 1.26 and maybe lower.
Just digging in the trenches like everyone else!
  • #118,990
  • Feb 6, 2009 2:52pm Feb 6, 2009 2:52pm
I have a supply for Forex Glasses....put them on and everything becomes perfectly clear!

Much better then crystal ball.

Most reasonable offers accepted!

  • #118,991
  • Feb 6, 2009 2:58pm Feb 6, 2009 2:58pm
Quoting Shilva
I have a supply for Forex Glasses....put them on and everything becomes perfectly clear!

Much better then crystal ball.

Most reasonable offers accepted!

How you like mine?
Attached Image
Just digging in the trenches like everyone else!
  • #118,992
  • Feb 6, 2009 3:01pm Feb 6, 2009 3:01pm
Just a great time to buy some puts on GBP
  • #118,993
  • Feb 6, 2009 3:03pm Feb 6, 2009 3:03pm
Quoting eohater
How you like mine?
I see a patten in the future for those!

  • #118,994
  • Feb 6, 2009 3:20pm Feb 6, 2009 3:20pm
Quoting Abuawad
i blow one of the account once i sleep, never but anything if you will sleep. now one know what will happen if any urgent news or action happen.
but for your case i think cable will at least go back to the opening of the day before fly back up during US session
i just enter home now, and i check the chart, i hate when it happen as i think and i'm off trading
Attached Image (click to enlarge)
Click to Enlarge Name: closing.gif Size: 48 KB
  • #118,995
  • Feb 6, 2009 3:29pm Feb 6, 2009 3:29pm
Does anybody expect a gap up or down for next week. Myself I have taken a very small short.
  • #118,996
  • Feb 6, 2009 3:37pm Feb 6, 2009 3:37pm
Managed a last gasp move on sl to 4795. extremely safe now.
I fully expect a gap up, hopefully around 4950 - 5000 level.
And I'm already contemplating to short right after that happens.
damn it, i've got to get away from the charts. see ya
Thank You
  • #118,997
  • Feb 6, 2009 3:43pm Feb 6, 2009 3:43pm
Quoting wormboy
Managed a last gasp move on sl to 4795. extremely safe now.
I fully expect a gap up, hopefully around 4950 - 5000 level.
And I'm already contemplating to short right after that happens.
damn it, i've got to get away from the charts. see ya
That would be one hell of a gap! Good luck! I'm staying on the bear side of cable myself. Albeit, I will not be holding my short open over the weekend, I have 10m left and I will be back to flat.
Just digging in the trenches like everyone else!
  • #118,998
  • Feb 6, 2009 3:53pm Feb 6, 2009 3:53pm
Quoting wormboy
Managed a last gasp move on sl to 4795. extremely safe now.
I fully expect a gap up, hopefully around 4950 - 5000 level.
And I'm already contemplating to short right after that happens.
damn it, i've got to get away from the charts. see ya
I don't agree with your footer. Avoiding mistakes is not stupid: it is wise. Experience is invaluable, however, many lessons can be learnt from the mistakes of others: therefore avoiding those mistakes is not foolishness, but wise.
Probability Professor
  • #118,999
  • Feb 6, 2009 3:57pm Feb 6, 2009 3:57pm
Quoting eohater
Back from lunch, my TP on my longs was reached at 4820. just went short at 4835. We'll see how it works out.
Position has been fully closed at 4787. Now we will see what Sunday's open presents.
Just digging in the trenches like everyone else!
  • #119,000
  • Feb 6, 2009 5:49pm Feb 6, 2009 5:49pm
Quoting Infinity
Yes.....works everytime!
Is there an Expert Adviser for that?!

Hehe!

Here is mine:

http://www.lookatbowen.com/wp-conten...ey-printer.jpg
547 traders viewing now, 2 are registered:
afaqa
,