Cable Update (GBPUSD) | Page 6074 | 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)

  • #121,461
  • Feb 18, 2009 10:41am Feb 18, 2009 10:41am
Quoting jack.canadia
In case anyone wondered, we just pivoted off of the daily open (00:00GMT).

and were right on the daily pivot. are we going down again?
  • #121,462
  • Feb 18, 2009 10:41am Feb 18, 2009 10:41am
Out @ 1.4216....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,463
  • Feb 18, 2009 10:46am Feb 18, 2009 10:46am
Quoting rb4488
and were right on the daily pivot. are we going down again?
Well we failed to make a higher high yet but this move was just from a 50% of a nice pivot off of support around 4100.

DOW is above its daily open and dollar index is forming a doji on the hourly. If Obama is positive I see us going up.
  • #121,464
  • Feb 18, 2009 10:50am Feb 18, 2009 10:50am
Below support short again @ 1.4219
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,465
  • Feb 18, 2009 10:52am Feb 18, 2009 10:52am
Quoting Magix
Below support short again @ 1.4219
Magix that is no longer a support level as price has now traversed the level alot of times. Look at the 4100/20 zone. That's some nice support.
  • #121,466
  • Feb 18, 2009 10:55am Feb 18, 2009 10:55am
Fib line on 1m chart @ 1.4220, we are currently below and holding 4sma on 5m, S/L set @ 1.4238 and holding to see if we dip below 1.4213, 1.4208 and then back to 1.417x area...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,467
  • Feb 18, 2009 10:56am Feb 18, 2009 10:56am
Quoting Magix
Fib line on 1m chart @ 1.4220, we are currently below and holding 4sma on 5m, S/L set @ 1.4238 and holding to see if we dip below 1.4213, 1.4208 and then back to 1.417x area...
Im long again from 4216
  • #121,468
  • Feb 18, 2009 10:57am Feb 18, 2009 10:57am
Quoting Magix
Below support short again @ 1.4219

I really hope you didn't take a short there!
Just digging in the trenches like everyone else!
  • #121,469
  • Feb 18, 2009 10:57am Feb 18, 2009 10:57am
Does anyone see a bearish butterfly forming on 15 min?..This would mean that the segment C-D would have to rise higher than recent high of 1.4300....possibility to close gap and finish forming the usual last rise of 4H H&S.....this would also take us to 4H 50ema before a NICE fall?????

Any thoughts on this?
  • #121,470
  • Feb 18, 2009 10:58am Feb 18, 2009 10:58am
Quoting pmn100
A question to everyone really. What other charts do you pay attention to whilst trading GU? I'd assume the DOW is the obvious, but any others you take peeps at often. Or purely GU charts, no other distractions?
I watch the DOW, E/U, E/G, U/J
Just digging in the trenches like everyone else!
  • #121,471
  • Feb 18, 2009 10:58am Feb 18, 2009 10:58am
Quoting eohater
I really hope you didn't take a short there!

Am in short @ 1.4219...though, not much liking the loox of it right now, s/l @ 1.4238<-1.4243 (spread)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,472
  • Feb 18, 2009 10:59am Feb 18, 2009 10:59am
I see 4225 as a new resistance level...anyone else agree?
  • #121,473
  • Feb 18, 2009 10:59am Feb 18, 2009 10:59am
Quoting rt4x
Does anyone see a bearish butterfly forming on 15 min?..This would mean that the segment C-D would have to rise higher than recent high of 1.4300....possibility to close gap and finish forming the usual last rise of 4H H&S.....this would also take us to 4H 50ema before a NICE fall?????

Any thoughts on this?
There will be a shitload of sellers around 4350 area of closing the gap. I will be one of them.
Just digging in the trenches like everyone else!
  • #121,474
  • Feb 18, 2009 10:59am Feb 18, 2009 10:59am
Quoting rt4x
Does anyone see a bearish butterfly forming on 15 min?..This would mean that the segment C-D would have to rise higher than recent high of 1.4300....possibility to close gap and finish forming the usual last rise of 4H H&S.....this would also take us to 4H 50ema before a NICE fall?????

Any thoughts on this?
I dont know much about this. If i just heard correctly on bloomberg both Obama and Bernanke are speaking today? Could get wild!
  • #121,475
  • Feb 18, 2009 10:59am Feb 18, 2009 10:59am
Quoting joemiami
I see 4225 as new resistance...anyone else agree?
4275 in my eyes.
Just digging in the trenches like everyone else!
  • #121,476
  • Feb 18, 2009 11:02am Feb 18, 2009 11:02am
Good luck to all today I have to run my errands ,see you tonight
  • #121,477
  • Feb 18, 2009 11:03am Feb 18, 2009 11:03am
Quoting rt4x
this would also take us to 4H 50ema before a NICE fall?????

Any thoughts on this?
That is the level I have been watching all day which would close the gap nicely. It would require a break above this down TL though. I can definitely see it happening but it's crucial we close beneath that point IMO
  • #121,478
  • Feb 18, 2009 11:03am Feb 18, 2009 11:03am
Quoting eohater
There will be a shitload of sellers around 4350 area of closing the gap. I will be one of them.
I WILL DEFINITELY BE JOINING YOU !!!
  • #121,479
  • Feb 18, 2009 11:05am Feb 18, 2009 11:05am
Quoting eohater
4275 in my eyes.
Agreed.
  • #121,480
  • Feb 18, 2009 11:05am Feb 18, 2009 11:05am
Following Abuawad's methodology with great interest.

From Abuawad's GBPUSD Daily Analysis chart for 2/18/09...
posted before the London open, there was a projected entry
level for a trigger off of a 4H close / open above 1.4265.

I had an 8:00 GMT London open at 1.4269 (IBFX) and 1.4275 (Alpari).

Am I being presumptuous or is my timing off?

Reading Abuawad's chart analysis results for the day...

Shouldn't the first trade have triggered a BUY? Followed by a
stop loss at 1.4209? Yes there was a spike to ~1.4298 in
the 90 minutes prior to the 8:00 GMT open and it was still
above the entry point at the open.

Reading through the thread over the past 8+ hours I
didn't see anyone commenting on initially taking a LONG
and then getting stopped out at the S/L AND THEN JOINING
THE MOVE DOWN FROM THE 1ST SELL ENTRY @1.4205.

Did I miss something in the rules or charts or some discretionary
factor that over-road or caused one to pass on this LONG ENTRY?

I'd appreciate any comments now after the fact.

That's how I learn.

Dr. D.
223 traders viewing now, 4 are registered:
,
Gbpusdfreakk
,
ricmaj
,
Januje