Cable Update (GBPUSD) | Page 6501 | 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)

  • #130,001
  • Apr 20, 2009 3:50pm Apr 20, 2009 3:50pm
One note to the last post. A move to 61.8 % may not be in the works, although I can see it happening and it's a good strategy. It is possible that we could only see 38.2 / 50 % and if we use a limit here at 61.8 we may miss a good move. My advice: I will put a sell limit at 38.2 % at 1/3 of the amount I would normally place at 61.8. I will then place another sell limit at 50% at 1/3 and another at 61.8%.

This is only because I am going to be away from my computer and I don't want to miss the whole move.

Tate

Trade at your own risk.

Quoting Tater
Nice plan. You can also add to that this HUGE divergence being set up here on the 1 Hr timeframe. Logic is pointing to a nice down move thru 4300 levels.

Tate
  • #130,002
  • Apr 20, 2009 4:35pm Apr 20, 2009 4:35pm
its now on 14527
will it continue to going down in short time?
- Always pray on your trading - God know the best for everyone
  • #130,003
  • Apr 20, 2009 5:20pm Apr 20, 2009 5:20pm
where is all people ? nobody here? what's the expected next move?
  • #130,004
  • Apr 20, 2009 6:02pm Apr 20, 2009 6:02pm
Quoting MantaRedSea
where is all people ? nobody here? what's the expected next move?
No on is here because the market is really quiet now. Not alot of trading going on.

I'm not looking to short near 4570/90
  • #130,005
  • Apr 20, 2009 6:05pm Apr 20, 2009 6:05pm
Quoting jack.canadia
No on is here because the market is really quiet now. Not alot of trading going on.

I'm not looking to short near 4570/90
did you get my email Jack?
  • #130,006
  • Apr 20, 2009 6:22pm Apr 20, 2009 6:22pm
Quoting Bebini
One more thing guys!
The markets or prices do not look at your fibos or trend lines or any indicator
that we humans made them up using math. Is just coincidence to hapen like other time looking at what hapened in the past. There is no indicator that tells the future, they will tell you what hapened in the nearest past... otherwise all we here would be rich knowing the next move of the price.
The lines and indicators you use are to give you hope like: yeah, tomorow will reach the level of 1. something... don't hang on that, the markets do not...
from my observation,indicators can tell you some thing ONLY if your know the correct way how to read it,
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,007
  • Apr 20, 2009 6:36pm Apr 20, 2009 6:36pm
Quoting EricB
John, depending on your margin maybe best to hold! All the best.
Wait a second here, that would be a very risky move. The sooner you can rid yourself of a long at that level, the better. We've just had a major top. The whole last few months has been a corrective phase after the long tumble from 2.000; we've had two bounces off bottom around 1.35 and 1.36 and we're heading in that direction again. We'll see some corrections along the way but I would be surprised if any rise high enough to help Mr. Lo out of his position. I would cut losses, and take a position at the top of the trend channel that may occur a few hours from now. Or, head over to USDJPY and get ready... as you can see she's crossing the channel and getting ready for a drop from about 98.20 to around the 97 mark. Given the alternative between hanging onto faulty position and taking a winner, why not recoup your losses? Embrace the loss and move on.
Channeling profits from the fractal universe.
  • #130,008
  • Apr 20, 2009 6:42pm Apr 20, 2009 6:42pm
i hope this setup will give me some green pips,
after approaching 61.8, its bounce back and pointing up to another 61.8 ( hopefully )
Attached Image (click to enlarge)
Click to Enlarge Name: guh42104.gif Size: 15 KB
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,009
  • Apr 20, 2009 7:05pm Apr 20, 2009 7:05pm
Quoting ammal07
i hope this setup will give me some green pips,
after approaching 61.8, its bounce back and pointing up to another 61.8 ( hopefully )
1.4476 is already hits....
do u think its will reversal or retrace to another 61.8 up
  • #130,010
  • Apr 20, 2009 7:06pm Apr 20, 2009 7:06pm
I just closed my longs in usd/eur for serious losses but
now I feel free to trade and get my account back in shape !!!




Quoting Wavesurfer
Wait a second here, that would be a very risky move. The sooner you can rid yourself of a long at that level, the better. We've just had a major top. The whole last few months has been a corrective phase after the long tumble from 2.000; we've had two bounces off bottom around 1.35 and 1.36 and we're heading in that direction again. We'll see some corrections along the way but I would be surprised if any rise high enough to help Mr. Lo out of his position. I would cut losses, and take a position at the top of the trend channel that may occur a few...
  • #130,011
  • Apr 20, 2009 7:30pm Apr 20, 2009 7:30pm
Quoting pakleh
1.4476 is already hits....
do u think its will reversal or retrace to another 61.8 up
i believe it will go up,wait for the 9am candle for confirmation...
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,012
  • Apr 20, 2009 7:40pm Apr 20, 2009 7:40pm
this is another option base on trendline...
( trade at your own risk )
Attached Image (click to enlarge)
Click to Enlarge Name: guh42104a.gif Size: 14 KB
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,013
  • Apr 20, 2009 8:47pm Apr 20, 2009 8:47pm
Quoting ammal07
i believe it will go up,wait for the 9am candle for confirmation...
So? did you find the next move? is it up or keep moving down?
  • #130,014
  • Apr 20, 2009 9:17pm Apr 20, 2009 9:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 11 KB



_____________________________________________________________

History Level GBPUSD
  • #130,015
  • Apr 20, 2009 9:34pm Apr 20, 2009 9:34pm
This level has been tested during down hours and failed. We need some volume in the market and then we will see some direction. I say around midnite EST we will start to move.

Tate
  • #130,016
  • Apr 21, 2009 1:00am Apr 21, 2009 1:00am
is it still downtrend or not?
- Always pray on your trading - God know the best for everyone
  • #130,017
  • Apr 21, 2009 1:06am Apr 21, 2009 1:06am
i think it is still downtrend, i suppose it won't be as strong as yesterday, but still down short big @ 4567 and waiting at least 4470
  • #130,018
  • Apr 21, 2009 1:31am Apr 21, 2009 1:31am
Quoting kingindian
is it still downtrend or not?
Yes, for now.

Notice, higher highs and higher lows. We now have a lower low.

Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 38 KB
  • #130,019
  • Apr 21, 2009 1:58am Apr 21, 2009 1:58am
Great entry History level ( 40 pips gain )

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 12 KB



________________________________________________________


History Level GBPUSD
  • #130,020
  • Apr 21, 2009 2:12am Apr 21, 2009 2:12am
Quoting errich fx
Great entry History level ( 40 pips gain )

Attachment


________________________________________________________


History Level GBPUSD
I took the trade too, but am still in it.

Do you close at the next level? Why not carry the trade with the overall current trend to catch a larger move?
551 traders viewing now, 3 are registered:
luisinho
,
F.g
,