Cable Update (GBPUSD) | Page 6505 | 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)

  • #130,081
  • Apr 21, 2009 11:10am Apr 21, 2009 11:10am
Quoting Geppyg
Correct me if I am wrong but your TL did not hold matey so why would you expect it to go down from here.....
Once the TL is broken I thought trend change is applicable

Thanks Jack
Could also short in the 4750 area if we get there.

Folks this is all under the assumption that this down move is to continue, and with the current reaction to the trendline and resistance I outlined, it appears that it will resume. We shall see!
  • #130,082
  • Apr 21, 2009 11:19am Apr 21, 2009 11:19am
Quoting Geppyg
Correct me if I am wrong but your TL did not hold matey so why would you expect it to go down from here.....
Once the TL is broken I thought trend change is applicable

Thanks Jack
And I am not your matey.
  • #130,083
  • Apr 21, 2009 11:43am Apr 21, 2009 11:43am
So far , we have a triple top . I short again. with tp 1.4350

Once dow jone crash which i expect , GU will fast follow it.
  • #130,084
  • Apr 21, 2009 12:00pm Apr 21, 2009 12:00pm
Quoting jack.canadia
And I am not your matey.
What do you get if you mate a lion with an amaphore ?

What's an amaphore ?



knocking nails in !
  • #130,085
  • Apr 21, 2009 12:04pm Apr 21, 2009 12:04pm
Quoting EricB
John, depending on your margin maybe best to hold! All the best.
John - hopefully youve managed to close position!
  • #130,086
  • Apr 21, 2009 12:09pm Apr 21, 2009 12:09pm
Quoting mohfaid
Dears

We have a major resistance at 1.4650:60 Area,, let us see what will the PA around it and I think if we breack it we will see Max 1.4720 before turning down again for a visit to 1.4270 , 1.4110 before 1.3870

With me luck
I cant foresee it being able to go below 1.428 if it does go down.
  • #130,087
  • Apr 21, 2009 12:18pm Apr 21, 2009 12:18pm
Hourly close is nice for those of us short. Doji.
  • #130,088
  • Apr 21, 2009 12:23pm Apr 21, 2009 12:23pm
seems like the market is getting ready only to mark a low for tomorrow before edging higher... Can`t sense a price any lower again after the strong rebound and lots of things to come this week feels like 1.51+ is in the vicinity... Just sensing something...
  • #130,089
  • Apr 21, 2009 12:27pm Apr 21, 2009 12:27pm
1 Hour chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 74 KB
"The trend is your friend, until the end."
  • #130,090
  • Edited 2:09pm Apr 21, 2009 12:54pm | Edited 2:09pm
Quoting manize
I'll short there, my long target from DP ( 1.4576 ) ! Against what expected I secured + 8 pips !
Hit TP ! Thanks God ! Long Bull H4 candle made me doubtfull to go short. May another more up some pips untill the US closing time !
Attached Image (click to enlarge)
Click to Enlarge Name: 210409a.gif Size: 55 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #130,091
  • Apr 21, 2009 1:06pm Apr 21, 2009 1:06pm
Quoting ForexRookie
1 Hour chart:
Rounded bottom. Might want to reconsider the thought of the downside.
Just a thought
Thank You
  • #130,092
  • Apr 21, 2009 1:07pm Apr 21, 2009 1:07pm
Need to beat resistances at 1.4780 through 1.4815 to break free. The daily RSI looks like it has done a fair rebound at 50 level... Recent high only succeeded in taking the RSI to 67.0 If price takes new high or clears RSI 70 level, then buy dip would be good... Just from a different perspective...
  • #130,093
  • Apr 21, 2009 1:12pm Apr 21, 2009 1:12pm
Quoting manize
Hit TP ! Thanks God ! Long Bull H4 candle made me doubtfull to go short. May another more up some pips untill the US closing time !
Hi Manize, I saw the daily pivot on your chart is at 4576, and it's different with mine which is at 4616...
Did I calculate it wrong? (yesterday's high + low + close : 3)?
I'm a newbie, trying to learn from you guys.
Thanks!
  • #130,094
  • Apr 21, 2009 1:14pm Apr 21, 2009 1:14pm
Quoting djisamsoe99
Hi Manize, I saw the daily pivot on your chart is at 4576, and it's different with mine which is at 4616...
Did I calculate it wrong? (yesterday's high + low + close : 3)?
I'm a newbie, trying to learn from you guys.
Thanks!
There`s another type of pivot also called "Weighted Close"...

It`s (H+L+C+C)/4
  • #130,095
  • Apr 21, 2009 1:20pm Apr 21, 2009 1:20pm
Quoting zapper
There`s another type of pivot also called "Weighted Close"...

It`s (H+L+C+C)/4
Thanks zapper, but still this weighted pivot doesn't match the result of manize's DP..just wondering
  • #130,096
  • Apr 21, 2009 1:26pm Apr 21, 2009 1:26pm
Seems like profit taking is forming shoulder... Fingers crossed, as i feel that what appears to be resistance at 706/7 is just a lack of follow-through... Waiting for the dice to settle flat... 15 mins got a SAR on the top. Consolidations might just take the price to bounce off 650s or so and could test resistances... to respect today`s candle. It`s too late for the price to go below day`s open anyways can`t bet on the market of today though
  • #130,097
  • Apr 21, 2009 1:29pm Apr 21, 2009 1:29pm
Quoting djisamsoe99
Thanks zapper, but still this weighted pivot doesn't match the result of manize's DP..just wondering
There`s yet another indicator that uses fib levels in conjunction with normal pivots, supports and resistances to calculate fib params... may be that...
  • #130,098
  • Apr 21, 2009 1:34pm Apr 21, 2009 1:34pm
Quoting ForexRookie
1 Hour chart:
Wormboy is correct. I am short from 4700 and covered at BE now. I shorted at a 4h trendline, 38.2 and resistance overlap. Need to learn to quickly shift my bias from a bear (yesterday) to a bull (today) so I can profit both directions! Oh well. The daily is developing a bearish bias with that lower low, hopefully she plays out.

I want to move my stop if we can drift below 4600. Based on the most recent 15 minute candle wicks and the PA on the 5 minute, trend has turned down for the time being with alot of selling pressure at the 4700 level.

I'll add on a successful break below 4600. Until then, theres no risk

Looking good so far but Fx rookie we still need to take caution on taking shorts!
  • #130,099
  • Apr 21, 2009 1:34pm Apr 21, 2009 1:34pm
Quoting zapper
There`s yet another indicator that uses fib levels in conjunction with normal pivots, supports and resistances to calculate fib params... may be that...
When do you calculate your pivots. Based on what time close in GMT?

I was using 00:00 GMT but now I use 21:00 GMT (5:00 pm EST).
  • #130,100
  • Apr 21, 2009 1:38pm Apr 21, 2009 1:38pm
Wow, look where it went. I think my broker is fine, thank you anyway, Jack. I appreciate any help, but with 7 years under my belt I don't really want to change horses in the middle of the stream, if you know what I mean.

Tate

Quoting Tater
If you look out at the 4 Hr chart, you can clearly see where this can possibly go in the near term. Arrow marks the bottom I am aiming for.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
989 traders viewing now, 1 is registered:
Meer-Shayhak