Cable Update (GBPUSD) | Page 6709 | 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)

  • #134,161
  • May 26, 2009 2:47am May 26, 2009 2:47am
Quoting errich fx
closed position with +70 pips from resistance

Attachment

________________________________

support resistance

.
nice trade, erric.

i'm in after the big move..im shorting now with t/p at 1.5816. not a good short, shorting right in demand but it looks like things are turning over atm. i expect the gbp/usd to retest the resistance again..but trying to scrape off a few pips from the pull back
  • #134,162
  • May 26, 2009 2:54am May 26, 2009 2:54am
Quoting errich fx
closed position with +70 pips from resistance

________________________________

support resistance

.
Very nicely played !

There seems to be some 'recent' support at or around 5834, what's the chances of a break to the downside?, or do we suspect a re-challenge to the upside?
  • #134,163
  • May 26, 2009 2:56am May 26, 2009 2:56am
morning all
  • #134,164
  • May 26, 2009 2:59am May 26, 2009 2:59am
Quoting LeafTrader
Very nicely played !

There seems to be some 'recent' support at or around 5834, what's the chances of a break to the downside?, or do we suspect a re-challenge to the upside?
agreed, errich caught 70-80% of that move.

depending on what time frame you trade one...i think the pull back from the highs will continue..maybe back to the demand level of ~1.5770..then retest the highs this week - and probably break through. i expect dxy to break it's 80 level again and continue it's downward spiral.
  • #134,165
  • May 26, 2009 2:59am May 26, 2009 2:59am
Intraday support 1.5852-62 is broken.
Hear the music before the song is over ...
  • #134,166
  • May 26, 2009 3:02am May 26, 2009 3:02am
We could be range bound between 1.5830 and 1.5950. Or if price closes below the trend line and breaks the low we could see 1.5720
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 96 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #134,167
  • May 26, 2009 3:09am May 26, 2009 3:09am
Meanwhile in other news--
FRENCH OPEN
Rafael Nadal defeats Marcos Daniel
7:5, 6:4, 6:3
in the first round, he's so far undefeated.
Hear the music before the song is over ...
  • #134,168
  • May 26, 2009 3:13am May 26, 2009 3:13am
Quoting latropsudoxe
nice trade, erric.

i'm in after the big move..im shorting now with t/p at 1.5816. not a good short, shorting right in demand but it looks like things are turning over atm. i expect the gbp/usd to retest the resistance again..but trying to scrape off a few pips from the pull back
V.good analys
  • #134,169
  • May 26, 2009 3:17am May 26, 2009 3:17am
hi

i long @ 1.5820
  • #134,170
  • May 26, 2009 3:22am May 26, 2009 3:22am
Quoting Gramini
V.good analys
thanks

my short hit my target for 30+ pips at ~1.5810. i made 70+ today on the eur/usd and gbp/usd, going to relax for the rest of the night
  • #134,171
  • May 26, 2009 3:24am May 26, 2009 3:24am
Quoting latropsudoxe
...i think the pull back from the highs will continue..maybe back to the demand level of ~1.5770..then retest the highs this week - and probably break through. i expect dxy to break it's 80 level again and continue it's downward spiral.

I had tendency to agree as I'd already put on a stop sell at 1.5823 with a view to take 50% at 1.5775 (S/L 1.5859), then let the rest run and see if I get more out of it.
The buy stop has now been taken.. but it's a bit early to tell whether this is a definite turn to the downside - no lower than 5810.

I trade on hourly TF, and look at 4H and daily to check key areas of support and resistance.
(Still a rookie though!)

Cheers
  • #134,172
  • May 26, 2009 3:35am May 26, 2009 3:35am
I feel there is a long coming up.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 11 KB
  • #134,173
  • May 26, 2009 3:39am May 26, 2009 3:39am
Quoting ak47dan2004
I feel there is a long coming up.
agreed. i'm expecting to go long..prob tomorrow night with US data coming out this morning at 10am. we will see when i open up the charts tomorrow with more detail
  • #134,174
  • May 26, 2009 3:52am May 26, 2009 3:52am
Quoting GlobalMacro
Intraday support 1.5852-62 is broken.
Bears stack it up one notch following 1.5852 break.
Hear the music before the song is over ...
  • #134,175
  • May 26, 2009 3:52am May 26, 2009 3:52am
Quoting deboooo2005
hi

i long @ 1.5820
well i am also long rom 5820 it was my pending order which is hitted now sell is running still from 5920

Ub
  • #134,176
  • May 26, 2009 4:08am May 26, 2009 4:08am
Quoting ubaidahsan
well i am also long rom 5820 it was my pending order which is hitted now sell is running still from 5920

Ub
MY SL not hit becuse its below 1.5750
  • #134,177
  • May 26, 2009 4:08am May 26, 2009 4:08am
I am long at 5785
  • #134,178
  • May 26, 2009 4:13am May 26, 2009 4:13am
and now go to 1,5945....
  • #134,179
  • May 26, 2009 4:18am May 26, 2009 4:18am
Quoting deboooo2005
MY SL not hit becuse its below 1.5750
where your target?
  • #134,180
  • May 26, 2009 4:22am May 26, 2009 4:22am
Quoting biax
where your target?

Today High
529 traders viewing now, 5 are registered:
CrazyTrades
,
Shijirbaatar
,
bolivarfx
,
makeme
,
ndtrunghieu