Cable Update (GBPUSD) | Page 6619 | 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)

  • #132,361
  • May 14, 2009 3:00pm May 14, 2009 3:00pm
Quoting skerdi-meta
Went short @ 52.45 ..,,, really hope this f***ing h&s works out.
Personally, I dont think it's will,, since I did take the trade.
Nothing works out when I take a trade, but it always does when I dont take the trades.

That's some sick fetish the market has. Im not even a submisive type (well now that I come 2 think of that, I might be)
Hey bro, just chill! You don't HAVE to trade. Just wait up the confirmation. still NO sign of reversal. Best to stay out.
Hear the music before the song is over ...
  • #132,362
  • May 14, 2009 3:00pm May 14, 2009 3:00pm
Quoting eohater
If I may.

Crude oil is traded globally in USD, when USD is weak, the cost of oil increases, when the USD is strong the cost of oil goes down. Now, here's a fundamental view (I'M NOT A FUNDAMENTAL TRADER). The US does not want $5/gal gas again this summer. Otherwise, it might show the US that Obamanomics is not holding out for what they preached. So, Bernake earlier in the week says the US wants a stronger USD, Oil reserves are low and demand is high. So the ecomonic theory of supply and demand holds, low supply, high demand, high price. Since...
Russians plus OPEC want prices higher - they might sell USD to make it cheaper (thye have huge hoardes) - infact I can see a currency war begining to start with the recent comments - hope retails traders like us dont get crushed on these whims.
  • #132,363
  • May 14, 2009 3:01pm May 14, 2009 3:01pm
Quoting imbiber
I see it.
It's staring at us right in the face!
Doh! I didn't mean to do that.
  • #132,364
  • May 14, 2009 3:02pm May 14, 2009 3:02pm
3 days of lower highs(incl. today) would make for a good sell off More over, we are just close to the weekly open price at 1.5237, which is quite a deciding factor for the days ahead...
  • #132,365
  • May 14, 2009 3:04pm May 14, 2009 3:04pm
Quoting skerdi-meta
Went short @ 52.45 ..,,, really hope this f***ing h&s works out.
Personally, I dont think it's will,, since I did take the trade.
Nothing works out when I take a trade, but it always does when I dont take the trades.

That's some sick fetish the market has. Im not even a submisive type (well now that I come 2 think of that, I might be)
I know the feeling , i lost twice on audusd earlier when I tried picking the top.
  • #132,366
  • May 14, 2009 3:06pm May 14, 2009 3:06pm
Quoting PipLand
Hey EO, interesting theory thanks for sharing, def makes sense I dont think you guys or us (UK) could withstand huge oil prices this summer, it would be a killer! what do you think about the H&S on cable? im short at 5235
Hey bro! I'm short from 5242 myself.
Just digging in the trenches like everyone else!
  • #132,367
  • May 14, 2009 3:08pm May 14, 2009 3:08pm
In fact, 1.5167 is a pretty good level to reset longs.
Hear the music before the song is over ...
  • #132,368
  • May 14, 2009 3:10pm May 14, 2009 3:10pm
Quoting GlobalMacro
Hey bro, just chill! You don't HAVE to trade. Just wait up the confirmation. still NO sign of reversal. Best to stay out.

how do u get a confirmation? When u get them it's usually way 2 late 2 enter the trade. Pls enlighten me.. No, seriously
  • #132,369
  • May 14, 2009 3:13pm May 14, 2009 3:13pm
Quoting skerdi-meta
how do u get a confirmation? When u get them it's usually way 2 late 2 enter the trade. Pls enlighten me.. No, seriously
probably hourly resistance breakout... The day opened at 155. So, 12 pips above the open will quickly shift the focus to the possible close of the day in the minds of most traders...
  • #132,370
  • May 14, 2009 3:14pm May 14, 2009 3:14pm
Quoting imbiber
I see it.
Good one
  • #132,371
  • May 14, 2009 3:14pm May 14, 2009 3:14pm
Quoting skerdi-meta
how do u get a confirmation? When u get them it's usually way 2 late 2 enter the trade. Pls enlighten me.. No, seriously
Well look at the price action right now. What do you see? Upwards momentum combined with bullish breakout of 1.5140-1.5160 levels (post-news), well THIS IS your confirmation, just wait up a pullback and you can establish a long position. A long in this environment gives you a much better risk/reward ratio.
Hear the music before the song is over ...
  • #132,372
  • May 14, 2009 3:18pm May 14, 2009 3:18pm
long looks better to me
FUTURE OF MX
  • #132,373
  • May 14, 2009 3:19pm May 14, 2009 3:19pm
A bounce off the 185 support and a retest of lower 200s before falling, is a possibility...
  • #132,374
  • May 14, 2009 3:20pm May 14, 2009 3:20pm
Quoting GlobalMacro
Well look at the price action right now. What do you see? Upwards momentum combined with bullish breakout of 1.5140-1.5160 levels (post-news), well THIS IS your confirmation, just wait up a pullback and you can establish a long position. A long in this environment gives you a much better risk/reward ratio.

U think longs better than shorts right now? So u dont think h&s is gonna play out
  • #132,375
  • May 14, 2009 3:23pm May 14, 2009 3:23pm
Quoting eohater
Hey bro! I'm short from 5242 myself.
Sweet! Lets hope this plays out
  • #132,376
  • May 14, 2009 3:24pm May 14, 2009 3:24pm
Quoting skerdi-meta
U think longs better than shorts right now? So u dont think h&s is gonna play out
1.5236 will become the second S IF AND ONLY IF price trades below 1.5070s to complete the pattern. Otherwise H&S at this point is only a mirage. Here & Now tells us the price wants to go up at least thru tomorrow's news release. Long or flat is better than short.
Hear the music before the song is over ...
  • #132,377
  • May 14, 2009 3:27pm May 14, 2009 3:27pm
Who's watching Eurovision right now?
I cant believe how inapropriate they are, sooooo lame. It used 2 b decent a decade ago.
  • #132,378
  • May 14, 2009 3:33pm May 14, 2009 3:33pm
Quoting GlobalMacro
1.5236 will become the second S IF AND ONLY IF price trades below 1.5070s to complete the pattern. Otherwise H&S at this point is only a mirage. Here & Now tells us the price wants to go up at least thru tomorrow's news release. Long or flat is better than short.
Cheers dude man, I'll let it run though due 2 risk 2 reward very unproportional 20/300 pips. Appriciate all the analysis and points of view.
  • #132,379
  • May 14, 2009 3:41pm May 14, 2009 3:41pm
GbpJpy has Weekly bearish and monthly bearish. The USDJPY has done a good deal of selling ... now, if it the GBPUSD that needs to do the selling, just to have a double bottom on it`s JPY cross?
  • #132,380
  • May 14, 2009 3:43pm May 14, 2009 3:43pm
Quoting 4xHero
If it hits 5240, i think that is a good area to short from. It would make the second shoulder...what u guys think.
Also shorted from 5245, closed at 5220...looks suspect, maybe the h&s is a mirage...time will tell
1,270 traders viewing now