Cable Update (GBPUSD) | Page 6832 | 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)

  • #136,621
  • Jun 10, 2009 4:37pm Jun 10, 2009 4:37pm
Quoting eohater
Definately possible. I don't like how my last h4 closed, but I do like how my daily has closed. My last h4 is supporting a long movement, but we will have low volume for the next 4 hours. My daily is showing me a nice shorting opportunity right now as well.
Well friend daily candle just begins who knows its going up or down
  • #136,622
  • Jun 10, 2009 4:39pm Jun 10, 2009 4:39pm
Quoting Faryad
Well friend daily candle just begins who knows its going up or down
Either way, doesn't matter to me.
Just digging in the trenches like everyone else!
  • #136,623
  • Jun 10, 2009 4:40pm Jun 10, 2009 4:40pm
H4 candle show for up
  • #136,624
  • Jun 10, 2009 4:57pm Jun 10, 2009 4:57pm
i'm not sure but it is just my view..
I'm afraid he well abort the drop down to 1.61xx for today unless any news afford it , my view probably 4H and Daily mine stoch 14.3-3 and 5-3-3 will continue North to 1.66xx

Do Not Follow Guy's is my view oNLY
  • #136,625
  • Jun 10, 2009 7:05pm Jun 10, 2009 7:05pm
Is the daily candle that just closed, at all bearish?

Or is it bullish, which would be supported by the 4h, 1h, and 15m?
  • #136,626
  • Jun 10, 2009 7:15pm Jun 10, 2009 7:15pm
buy the breakout at 6377 to 6440.
  • #136,627
  • Jun 10, 2009 9:14pm Jun 10, 2009 9:14pm
I wsih i took my own trade!
  • #136,628
  • Jun 10, 2009 9:19pm Jun 10, 2009 9:19pm
Quoting alex1976
I wsih i took my own trade!
I did! But before I looked at your post,
PULL THE TRIGGER!!!

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,629
  • Jun 10, 2009 9:30pm Jun 10, 2009 9:30pm
I'm still watching the "Upper" TL

RSX on 4hr is bearish still...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4h .gif Size: 14 KB
Click to Enlarge Name: gu4h_1 .gif Size: 16 KB
  • #136,630
  • Jun 10, 2009 9:31pm Jun 10, 2009 9:31pm
Yep, your right spike, part of success is knowing when to "pull the trigger," so to speak!
  • #136,631
  • Jun 10, 2009 9:39pm Jun 10, 2009 9:39pm
Quoting alex1976
Yep, your right spike, part of success is knowing when to "pull the trigger," so to speak!
And it's bit me in the behind before too. LOL!!!!
But if you risk nothing, You gain nothing.

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,632
  • Jun 10, 2009 9:44pm Jun 10, 2009 9:44pm
6470 next big pivot.
  • #136,633
  • Jun 10, 2009 9:45pm Jun 10, 2009 9:45pm
Quoting alex1976
I wsih i took my own trade!
I wish I had taken 1/2 of it... was out..

Nice set up on 5M too-- macd rolling over, breaking s/r line-- increasing volume (probably a bank stop check by the sudden surge-- but the uptick signs were there prior.. higher closes on the bar ( the second upthrust was questionable-- but the next bar confirmed uptrend) -and of course the EXIT sign
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5m .gif Size: 15 KB
  • #136,634
  • Jun 10, 2009 9:58pm Jun 10, 2009 9:58pm
Quoting alex1976
6470 next big pivot.
I think it will bounce off of the 1.6444 one more time, Then down to gain some strength

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,635
  • Jun 10, 2009 10:23pm Jun 10, 2009 10:23pm
if it didnt break 1.6450 in this 4h candle..then we see short term bearish movment till 1.5700...lets see
  • #136,636
  • Jun 10, 2009 10:35pm Jun 10, 2009 10:35pm
Quoting Msattar
if it didnt break 1.6450 in this 4h candle..then we see short term bearish movment till 1.5700...lets see
OKay - I gotta ask...I'm new to this whole forum thingy... but how did you (or anyone) arrive that if price doesn't hit 1.6450 in the next 31min--(~40 pips) then we won't see a lower number 700 pips from now (1.5700).

I guess the big question for me is where did the number 1.6450 come derrive from?

Please forgive me as I am new... And I try to post charts so others can critique me and I like to learn.

I see signs of distribution on the G/J but not on the GU yet --at least what my amateur eyes see-- so if there are any VSA readers in the thread???
  • #136,637
  • Jun 10, 2009 10:36pm Jun 10, 2009 10:36pm
Quoting Faryad
Cable going up n up may be area 1.68 so be carefull
Chart?
Thank You
  • #136,638
  • Jun 10, 2009 10:43pm Jun 10, 2009 10:43pm
Actually the pierce of the trendline will give way to the 1.6570 area by morning. Been in this trade for awhile.

NE
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
  • #136,639
  • Jun 10, 2009 10:45pm Jun 10, 2009 10:45pm
This was the chart I put up yesterday:
http://www.forexfactory.com/attachme...6&d=1244645169

Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable.
Thank You
  • #136,640
  • Jun 10, 2009 11:00pm Jun 10, 2009 11:00pm
Quoting wormboy
This was the chart I put up yesterday:
http://www.forexfactory.com/attachme...6&d=1244645169

Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable.
Decending triangle--looks like my H4 one...

Edit: my post has the possible #3 channel scenario-- but I do have this...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h .gif Size: 15 KB
239 traders viewing now