Daily Cable Analysis

Chart

This past few years have been a great one, and from the recent conversation I have had with you Monarch I realize that all good things do come to an end.

I wanted to be the first to thank you for your inspiring and ever continuing teachings to all of us here at the Forex Factory.

From the days of Gbp/Usd thread, the many post upon all the other threads, and unto the final journals of trades you have taken, Good Job!

I have been a quiet follower of your teachings, but through them all I have become so much wiser in all manner of living.

Congratulations on all your success, and we hope your future to be as bright as your past and your presence here.

So farewell "The Great Monarch" and may you be blessed and rewarded for all the things you have done for us.

We are losing an awesome trader, but we know we have a good friend who will be there when we have questions.

As you have always signed off with,

CHEERS!

N2FX
(A newbie to successful trader)
http://www.forexfactory.com/images/misc/progress.gif

any analisis today guru?
for TF 30M trendline say that USD will be rise again, but vice versa RSI and ADX say that USD have no power...??

Hi everyone

I am new to this thread but not new to forex trading.

I like to trade the USD pairs, with Cable being one of my favourites, as part of a correlated strategy using oil and gold to help give direction. Does anyone else trade Cable like this?

I find it filters out many bad trades and you can cash in on the strongest moves when they happen. It is proving to be quite successful for me and the other people I trade with.

I would love to hear the views of anyone else on this approach.

Any opinions on what the high for the cable might me today??

Great to have you among us Ramki.

GU hammering out a bottom?

Hi, all. I am just a newbie in here, but I am trying to post my analysis on Cable (GBP/USD).

Beginning of February 2009, cable did its corection perfectly from 1,3700 low, now it remains 1,4400 and targeting to 1,5xx. But there is a strong resistance in 1,4500, It bounced over and over again, trying to break 1,4500.
Last night (4th Feb 2009), It made a false break to 1.4570, but once again.. It just a false break, will it trying again? we'll se then..

My suggestion is : Be preapared for the break, it will aim 1.5xx if it occured.
Thx

Hammer !!!

Right -- and it is a classic one! -- let's wait for a confirmation.

Stairsteps on the POUND, not sure of the time line, but 1.7050 is calling.

Then shorts will jump in and drop the pound 1,000 pips.

I have been buying many dip LONGS for the past 2 months with the expected bullish run I have to the 1.7050 area, I see near targets at 1.6550 coming

(these trades are not based on short term time lines, it could be October or later before we see the 1.7 area)

I have shorts waiting at 1.6650 with several entries above up to 1.7000 area

My longs are targeting 1.6980 for long term trades, with multiple scalps along the way short and long

Long from last evening hit target at 1.6580.

Shorts waiting at 1.6550

Longs waiting at 1.6470

Asia session should range by the looks of the PA, should get some movement upwards to the 1.6520 area.

I have the gray area marked for the projected Long trigger at 1.6470, the green is the range area I am expecting during the Asia session.

Let's see if we get that test of low still.

Price moved towards the 1.6520 range a little earlier then I expected, looks like some fun coming in ASIA.

Only one long earlier for 16 pips for profit, second entry at 1.6470 never triggered since price moved upwards.

Prior to Asia open price tapped the high of 1.6519

Since Asia open, price has dropped back to the 1.6480 support level

Long waiting 1.6470 - expecting trigger this hour

Note: This trade is based on recent support levels and the long term trend being Bullish to 1.700 area
I will leave this position in for a undertermined time, if price dips lower, which could happen I have secondary
long entry points

Price keeps playing with me lol

hit 1.6470 earlier and just now at 1.6472, my entry is actually 4 pips below with spread, come now, tap and take. lol

Took a short on EU for a few pips with what I thought was a first sign of pullback to support - Entry was 1.4149

yea.. i am also waiting..

The biggest problem is taking a long at support, it keeps coming down there, either it will take us long, and give us payout, or it will break lower.

30 min chart showing we could be in for a bigger dip lower, so it may possibly take some time to payout.

I took over 100 pips on yesterdays long, and already 20 today just trading small scalps here at support.

Note: If the 15 min candle gives me long signal, I will adjust my entry and jump in, waiting now for that to appear.

watching reaction at this resistance for now, we may get part pull back here now the 15 min is showing rejection

Good push through to the 00 level

Will update as we see movement, short possible here for quick pips

took +5 on short, sorry late call