Cable Update (GBPUSD) | Page 6523 | 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)

  • #130,441
  • Edited 5:38pm Apr 23, 2009 5:36pm | Edited 5:38pm
Quoting ferndog
Need a rise at least to 1.4740 which is one of the levels on the chart or 1.4750. The rest would be gravy.
I see you're into your Murrey maths. How is that working out for you?
Probability Professor
  • #130,442
  • Apr 23, 2009 5:42pm Apr 23, 2009 5:42pm
Quoting ferndog
Need a rise at least to 1.4740 which is one of the levels on the chart or 1.4750. The rest would be gravy.
And by the way, you don't need to print screen your meta trader. You can just right click on the graph and save the chart.
Probability Professor
  • #130,443
  • Apr 23, 2009 5:49pm Apr 23, 2009 5:49pm
Quoting Galation
And by the way, you don't need to print screen your meta trader. You can just right click on the graph and save the chart.
Yea thanks Galation. Working out great. I like to trade with S&R levels & then i use MM for profit levels also.
  • #130,444
  • Apr 23, 2009 6:42pm Apr 23, 2009 6:42pm
Quoting Bull_Bear
Top to the morning to Ya All. For those that held long nice pipin......

GBP +150pips
EUR +115pips

Bias for cable is up.... look for retrace to buy again
Yay to us! The whole move from my first entry at 4460s was 250+ .. caught only 90 .. sigh!

I am currently short from 4730 since 4-hour didn't close above 4730 (that level seems to be more important looking at 4-hour chart)

Daily close at 00:00GMT will be below 4700 so yeah looking to long some where below unless my bias shifts down.
  • #130,445
  • Apr 23, 2009 6:59pm Apr 23, 2009 6:59pm
Confirmation around 4615/25 will be a long for me.
  • #130,446
  • Apr 23, 2009 7:03pm Apr 23, 2009 7:03pm
Anybody catch the chance to short the pin bar on the 1 hour chart?
"The trend is your friend, until the end."
  • #130,447
  • Apr 23, 2009 8:31pm Apr 23, 2009 8:31pm
Hi Jack
How are ya? I am looking for shorts around 1.47...... reason...... fundies , as I mentioned before I expect GBP to hit 1.40 by the end of the month .......



http://www.bloomberg.com/apps/news?p...currency_rates




Quoting jack.canadia
Confirmation around 4615/25 will be a long for me.
BANDA333
  • #130,448
  • Apr 23, 2009 8:54pm Apr 23, 2009 8:54pm
Quoting jack.canadia
Yay to us! The whole move from my first entry at 4460s was 250+ .. caught only 90 .. sigh!

I am currently short from 4730 since 4-hour didn't close above 4730 (that level seems to be more important looking at 4-hour chart)

Daily close at 00:00GMT will be below 4700 so yeah looking to long some where below unless my bias shifts down.

Yah, you got that right Sensei! I've noticed four or five things you've pointed out this week that I would not have seen otherwise... doubled my pip target on week.... taking break for now, but will watch market tonight...

jazz fest tomorrow......... YAE

Forex trumps stocks in that it's ranging and technical action is so much more user-friendly.......... but then, I guess that always amounts to experience and intuition as well
  • #130,449
  • Apr 23, 2009 9:46pm Apr 23, 2009 9:46pm
so, respected members gain some pips , ehh?
  • #130,450
  • Edited 11:04pm Apr 23, 2009 10:38pm | Edited 11:04pm
Quoting BANDA
Hi Jack
How are ya? I am looking for shorts around 1.47...... reason...... fundies , as I mentioned before I expect GBP to hit 1.40 by the end of the month .......



http://www.bloomberg.com/apps/news?p...currency_rates
And there is some news tonight. Could be big for G/U.

I am +70 tonight from a short from 4730 and a long from 4640. Both closed. Just playing support resistance for now.

I have a chart for you guys that both parties (bulls and bears) can use. Although technically I favor more upside, yes fundamentals could take us down again.

Whats odd, from a price action stand point, the 4 h appears bearish but now has a higher close compared to the swing on 4/21. I try not to get too mingled in fundies, although they are important long term. I trade short term, about 100 pips a day anyway. Now, the theme has been (approximately) 250 pips up, 250 down and 250 up. From this standpoint one can be bearish and think about another 250 down today, but sometimes history will not repeat itself.


My Thoughts

BEAR

Based on the move, it may fade, giving us a selling opportunity on a break below the white trend line, 4630 (daily pivot, short term support) and the blue trendline (can be seen on charts posted earlier by me) which has just been re-tested (and was the reason for my earlier long trade).

Targets = 4577, 4524

BULL

Well, based on whats shaping up technically, it looks bearish short term (for today). But, nonetheless, a break above 4730 might give more upside.

Target = 4825


Currently, I have no bias. I will take what the market gives me.

Trade well today!
Attached Image (click to enlarge)
Click to Enlarge Name: m15 plan.gif Size: 39 KB
  • #130,451
  • Apr 23, 2009 10:49pm Apr 23, 2009 10:49pm
***
Attached Image (click to enlarge)
Click to Enlarge Name: h1 line.gif Size: 34 KB
  • #130,452
  • Apr 23, 2009 11:08pm Apr 23, 2009 11:08pm
Quoting jack.canadia
***
thank you for the wise words,Mike in Michigan
  • #130,453
  • Apr 23, 2009 11:28pm Apr 23, 2009 11:28pm
Cable M15 Divergence in stoch. I think that cable will go up if break 1.4670
  • #130,454
  • Apr 23, 2009 11:38pm Apr 23, 2009 11:38pm
Diver in M15:
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 27 KB
  • #130,455
  • Apr 24, 2009 1:02am Apr 24, 2009 1:02am
BE CAREFULL

GBP is preparing to jump to 1.5270 and going back to 1.40 within 2 or three days.

Its only expectation and could be wrong

Regards.
  • #130,456
  • Apr 24, 2009 1:05am Apr 24, 2009 1:05am
Quoting Bull_Bear
Top to the morning to Ya All. For those that held long nice pipin......

GBP +150pips
EUR +115pips

Bias for cable is up.... look for retrace to buy again
Whers's Bull_Bear - still resting from yesterday's trade. Pls wake up and start pipping.

I've personally benefitted from your insights and always look forward to you post.

So whats your take on EU and GU - think retracement is over and will head for 1.5xx?
In all your ways acknowledge Him and He will direct your path.
  • #130,457
  • Apr 24, 2009 1:08am Apr 24, 2009 1:08am
Zeitgeist Addendum
  • #130,458
  • Apr 24, 2009 1:47am Apr 24, 2009 1:47am
thanks for the interesting film jack1234, jackcanadia, hi bro, as I checked today, the stress test of the banks is seemed like sold off the pairs, usdyen is a scout for me, what do you say, I am on short side and do not aspect it go more then 4771 or 4830-40 today max. also I think after the datas for cable is revealed we may come back to the broken down channel, whichs top is around 45xx...
Chief Member of 220 mph Riders Club...
  • #130,459
  • Apr 24, 2009 1:50am Apr 24, 2009 1:50am
Quoting kanji
thanks for the interesting film jack1234, jackcanadia, hi bro, as I checked today, the stress test of the banks is seemed like sold off the pairs, usdyen is a scout for me, what do you say, I am on short side and do not aspect it go more then 4771 or 4830-40 today max. also I think after the datas for cable is revealed we may come back to the broken down channel, whichs top is around 45xx...
If Cable is bearish today, 4520/40 is a good target zone (near that channel top).

Currently trapped in a 30 pip range. Anything can happen!
  • #130,460
  • Apr 24, 2009 1:53am Apr 24, 2009 1:53am
Quoting jack1234
Zeitgeist Addendum
English please
In all your ways acknowledge Him and He will direct your path.
293 traders viewing now, 2 are registered:
saidi01
,
harryatrader