Cable Update (GBPUSD) | Page 6503 | 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)

  • #130,041
  • Apr 21, 2009 4:46am Apr 21, 2009 4:46am
Quoting alfamichi
Yes...it will then go up again...then down again...up and down market.....
yes thats how the market work....
but for this time i hope it will go down for a long time
- Always pray on your trading - God know the best for everyone
  • #130,042
  • Apr 21, 2009 5:09am Apr 21, 2009 5:09am
38.2 Fib has been touched and trendline is right there. We may test this level again, ( 1.4600 ), but we should head back down soon. However, noting is ever cut in stone. Keep in mind, Cad news at 9 can and will have an effect on this pair.

Quoting Tater
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.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
  • #130,043
  • Apr 21, 2009 5:12am Apr 21, 2009 5:12am
Quoting kingindian
yes thats how the market work....
but for this time i hope it will go down for a long time
but not straight down..but ZIGZAG down..still up and down downwards....
  • #130,044
  • Apr 21, 2009 5:15am Apr 21, 2009 5:15am
Quoting alfamichi
but not straight down..but ZIGZAG down..still up and down downwards....
yep zig zag down..will it be down to 14500 again in short time?
- Always pray on your trading - God know the best for everyone
  • #130,045
  • Apr 21, 2009 5:27am Apr 21, 2009 5:27am
Quoting kingindian
yep zig zag down..will it be down to 14500 again in short time?
Really don't know..market in in a neutral stage support by Bollingar bands...can advice to go Short if 15mins and 5mins candle stick opens below 1.4508..

just my thought
  • #130,046
  • Apr 21, 2009 5:29am Apr 21, 2009 5:29am
I'm thinking that it could go lower, but not significantly till u.s. session. I'm wondering about Geithner's speech, he can give some surprises and questions which are to be asked are not usd favoring!?
  • #130,047
  • Apr 21, 2009 5:31am Apr 21, 2009 5:31am
i think when US open it will hit GB
- Always pray on your trading - God know the best for everyone
  • #130,048
  • Apr 21, 2009 5:34am Apr 21, 2009 5:34am
Quoting alfamichi
Really don't know..market in in a neutral stage support by Bollingar bands...can advice to go Short if 15mins and 5mins candle stick opens below 1.4508..

just my thought
the market is above 800ema on the 1hr chat...above 200ema on 4hrs chat..and is using 3200ema as a strong Resistant on the 30mins chat...

Take your decisions
  • #130,049
  • Apr 21, 2009 5:36am Apr 21, 2009 5:36am
hello

if cable could break 1.4645 to 1.6459 it will go up to 1.4731 then 1.4813

otherwise cable will test the low again @ 1.4462
  • #130,050
  • Apr 21, 2009 5:47am Apr 21, 2009 5:47am
started to falling down
- Always pray on your trading - God know the best for everyone
  • #130,051
  • Apr 21, 2009 7:09am Apr 21, 2009 7:09am
Quoting kingindian
started to falling down
Stay with the retrace... 1.4500 and the 61.8% level should provide enough support to halt the down side. curently holding 2 postions @ 1.4505 and 1.4480 to the upside.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,052
  • Apr 21, 2009 8:17am Apr 21, 2009 8:17am
Quoting Tater
38.2 Fib has been touched and trendline is right there. We may test this level again, ( 1.4600 ), but we should head back down soon. However, noting is ever cut in stone. Keep in mind, Cad news at 9 can and will have an effect on this pair.
Your fib is drawn incorrectly. Connect it right to the low.

Here an hourly chart. Two scenarios, break-up of the trendline from the high or break-down of the small channel. Given that that most recent large move is down, a downside break is favored but not guarenteed.

Patience is key!
Attached Image (click to enlarge)
Click to Enlarge Name: hourly.gif Size: 37 KB
  • #130,053
  • Apr 21, 2009 8:19am Apr 21, 2009 8:19am
Daily pivot at 4615 also to add some resistance topside as well.
  • #130,054
  • Apr 21, 2009 8:30am Apr 21, 2009 8:30am
4 Hr showing bear. 15 min showing bearish divergence, however, that could all circle the bowl and go down the toilet depending on what this guy says at 10.
  • #130,055
  • Apr 21, 2009 8:33am Apr 21, 2009 8:33am
Thanks for the heads up, didnt catch that. Good thing it was only a few pips.

Quoting jack.canadia
Your fib is drawn incorrectly. Connect it right to the low.

Here an hourly chart. Two scenarios, break-up of the trendline from the high or break-down of the small channel. Given that that most recent large move is down, a downside break is favored but not guarenteed.

Patience is key!
  • #130,056
  • Apr 21, 2009 8:33am Apr 21, 2009 8:33am
butterfly....
Attached Image (click to enlarge)
Click to Enlarge Name: but.jpg Size: 110 KB
  • #130,057
  • Apr 21, 2009 8:36am Apr 21, 2009 8:36am
EUR/US in the process of retracing also..... let the market correct itself
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,058
  • Apr 21, 2009 8:36am Apr 21, 2009 8:36am
LOL
  • #130,059
  • Apr 21, 2009 8:39am Apr 21, 2009 8:39am
bullish on GB...
- Always pray on your trading - God know the best for everyone
  • #130,060
  • Apr 21, 2009 8:49am Apr 21, 2009 8:49am
Is it the time to see 4760 again?
571 traders viewing now, 1 is registered:
CPUmice