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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting calderone
Bearish butterfly on daily
Where would that thing project to? What target price on the short side?>
Quoting jack.canadia
Where would that thing project to? What target price on the short side?>

1.6072

Take it with a grain of salt, these are strange days.
Quoting calderone
1.6072

Take it with a grain of salt, these are strange days.
Of course .. Just wondering though! thanks!
Quoting jack.canadia
Yes i saw that! It was a good play since the trend is still up, but weakening with that double top. And that 1-2-3 was good for both an aggressive and conservative entry!

I fell asleep just before that point in time so I missed it so I hope you caught some.

These patterns along with pivots are amazing.
I use too 1-2-3 method with lots of fibo indi's and must say that indeed are very good .Great informations you share with DOW charts . Appreciate your work .Now regarding g/u...it will go down like there is no tomorrow .Just watch and learn the patterns .ALL trend lines on my charts are allready broken by 2 hours ago .
Quoting Fibonatzi
I use too 1-2-3 method with lots of fibo indi's and must say that indeed are very good .Great informations you share with DOW charts . Appreciate your work .Now regarding g/u...it will go down like there is no tomorrow .Just watch and learn the patterns .ALL trend lines on my charts are allready broken by 2 hours ago .
I hope so!
Quoting jack.canadia
Of course .. Just wondering though! thanks!
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
Are you in profit? I dont know where it will go. Down would be nice lol
Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub

Where are u long from?
http://www.forexfactory.com/attachme...1&d=1245174952
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Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
Well, if i were u.. i wont take too much risk.. If Cable could make it to around 1.6450 area.. then i will close it in there.. if not.. better to save your trade around this level.. Good luck bro.
Quoting jgnorton
http://www.forexfactory.com/attachme...1&d=1245174952
????
What about the H&S on the 30min. Neckline around 6200's, looks valid...
Quoting HotPips
????
same here.. I dont understand.. so what??
If that H&S pattern is confirmed, we're gonna collapse from here, and Asia!!! Sm collapsing as well... but watch out, this cable reverses very quickly!
Quoting HotPips
If that H&S pattern is confirmed, we're gonna collapse from here, and Asia!!! Sm collapsing as well... but watch out, this cable reverses very quickly!
This is what i hoped for... Collapse to abyss.. to hell, or to whatever... aiming another 1.58 again..
I'm watching the SM as well, cable follows it closely. Seems to be highly correlated lately.
Well, this cable not coming down , maybe in Asia?
Quoting HotPips
Well, this cable not coming down , maybe in Asia?
Just wait.. If cable still play below level 1.6430 i think it will fall very soon..
not much time left...but anything can happen...I have a short position too...any possible catalyst for another sharpe move ?
Hi, I think there is a H & S forming on the hourly chart in cable,if it it does hold below 1.6480 for today we will see a cable yo-yo-ing down to 1.5800, i had a short on today at 1.6470 and came out with 50 pips as i trailed my stop loss. i find that trailing stops in this time where cable is on crack helps preserve some of my profits. does any one else use trend signal?
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