Cable Update (GBPUSD) | Page 6323 | 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)

  • #126,441
  • Mar 13, 2009 7:45am Mar 13, 2009 7:45am
1.4030 is the major support area that we broke Monday to get our down move. Now we're retesting it as resistance. If it holds, I think we're heading back down to test at the very least 3600 and possibly 3550. We're still in the downtrend channel which invalidates calling longs except for scalping the retraces.

This is analysis based on the 4H/daily views.
  • #126,442
  • Mar 13, 2009 7:46am Mar 13, 2009 7:46am
yeepeeeeeeee. 1.39xx here we come
  • #126,443
  • Mar 13, 2009 7:46am Mar 13, 2009 7:46am
According to the 10min ADX signal that we have lost the trend and the BB have narrowed.

I'm going to play the BB range with a tight loss and a high job lot.. Lets hope this works out.

I'll just bounce of from high to low.. then from low to high.. until the ADX reverses
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (13-MAR-09).png Size: 25 KB
_______________ Say Good-bye to Buy-and-Hold
  • #126,444
  • Mar 13, 2009 7:48am Mar 13, 2009 7:48am
Quoting thegunslinger
1.4030 is the major support area that we broke Monday to get our down move. Now we're retesting it as resistance. If it holds, I think we're heading back down to test at the very least 3600 and possibly 3550. We're still in the downtrend channel which invalidates calling longs except for scalping the retraces.

This is analysis based on the 4H/daily views.
this is for you. the minimum we will see on the down side is 1.38xx
  • #126,445
  • Mar 13, 2009 7:49am Mar 13, 2009 7:49am
Hi all,

Interesting situation with cable here as we'll see the effect of a weakly improved trade balance anouncement on the tail of north-heading equity markets, which we haven't seen for a while.

Entry short below 1.401
Short negativity.
  • #126,446
  • Mar 13, 2009 7:49am Mar 13, 2009 7:49am
Quoting PipLand
Quite normal its top of channel
I had mine like below, same thing... break the channel but going back.. I'm out of market..

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: tahpepe.jpg Size: 157 KB
  • #126,447
  • Mar 13, 2009 7:52am Mar 13, 2009 7:52am
Quoting beejay
this is for you. the minimum we will see on the down side is 1.38xx
yiiiiiiiiihhhhhhaaaaaaaaaaaaaaaaa down down down
c'mon 1,39 here we come
  • #126,448
  • Mar 13, 2009 7:58am Mar 13, 2009 7:58am
Ok, support at 1.39, I'm out
Short negativity.
  • #126,449
  • Mar 13, 2009 8:05am Mar 13, 2009 8:05am
Quoting beejay
this is for you. the minimum we will see on the down side is 1.38xx
Yeah, at the very least. I also doubt we'll see it on a Friday. We'll probably range between 1.39xx and 1.4030 today and won't see the big drop until Monday.
  • #126,450
  • Mar 13, 2009 8:06am Mar 13, 2009 8:06am
that was fast came back to see it at 1.39. take 50% out and the rest at +10BE. lets see hw it plays out. if it manage to get back to 1.4 will add to my short big time. hope everybody is pipping
  • #126,451
  • Mar 13, 2009 8:08am Mar 13, 2009 8:08am
Quoting beejay
that was fast came back to see it at 1.39. take 50% out and the rest at +10BE. lets see hw it plays out. if it manage to get back to 1.4 will add to my short big time. hope everybody is pipping
will add to my short with any close below 1.3959 if it happens in max of 2hrs time
  • #126,452
  • Mar 13, 2009 8:09am Mar 13, 2009 8:09am
I just took a short of the 15M bearish candle.

Entry @ 1.39720
TP - 1.3900
SL - 1.4025

To support the above, I'm projecting a bounce of the 1H Bull Channel, which corresponds closely with the intra-week .382 Fibo retracement level, and a decline in European Equity markets on the fundamental side of things.

Now if it would only bust through 1.3960 support.
  • #126,453
  • Mar 13, 2009 8:12am Mar 13, 2009 8:12am
where is Abuwab. i want is current view about Cable.
  • #126,454
  • Mar 13, 2009 8:16am Mar 13, 2009 8:16am
Stopped out at BE +3 on a short.
"The trend is your friend, until the end."
  • #126,455
  • Mar 13, 2009 8:17am Mar 13, 2009 8:17am
Quoting beejay
where is Abuwab. i want is current view about Cable.
I'm here, i already post my view. but if you mean the analysis table i didn't do it for today.
i have something i need to update it before that...
  • #126,456
  • Mar 13, 2009 8:22am Mar 13, 2009 8:22am
Quoting beejay
this is for you. the minimum we will see on the down side is 1.38xx
my bias is changing. we might not be able to see 1.38xx today. i think the best we can see is 1.391xx but might be breach. if it does we are always there and that is FOREX. i have a buy limit at 1.39xx for a minimum of 300pips move and tight stop loss
  • #126,457
  • Mar 13, 2009 8:27am Mar 13, 2009 8:27am
Quoting beejay
my bias is changing. we might not be able to see 1.38xx today. i think the best we can see is 1.391xx but might be breach. if it does we are always there and that is FOREX. i have a buy limit at 1.39xx for a minimum of 300pips move and tight stop loss
the PA forming on 4hrs if formed perfectly we might see a hell of up move today.just trying to be neutral, not with either the bull or the bear but just making my pips.
"" Sorry for my numerous post in a short while, im kinda free today and wanna my view about the market for possible corrections""
  • #126,458
  • Mar 13, 2009 8:34am Mar 13, 2009 8:34am
Possible head and shoulder forming
Trade less make more!
  • #126,459
  • Mar 13, 2009 8:51am Mar 13, 2009 8:51am
Quoting doughnut
Possible head and shoulder forming
posts like this are meaningless if not followed with a chart

an H&S on a 4hr chart is worth looking at whereas one on a 5 min is junk
Don't chase the market, Let the market come to you
  • #126,460
  • Mar 13, 2009 8:55am Mar 13, 2009 8:55am
Quoting Tmac
posts like this are meaningless if not followed with a chart

an H&S on a 4hr chart is worth looking at whereas one on a 5 min is junk
15min 30min 1 hour
open your eyes
Trade less make more!
360 traders viewing now