Cable Update (GBPUSD) | Page 7667 | 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)

  • #153,321
  • Jul 30, 2009 9:00pm Jul 30, 2009 9:00pm
Quoting albchr
A great post by DT about the plan the big guys probably have in store for us.

I'll be waiting to load big shorts when it happens.

http://www.forexfactory.com/showpost...stcount=153169
Nice view, i like this. I got some pending long whit trailing to cover short, so if it go back south i ll be safe again, if not hedging.... oh well.
We'll see!
  • #153,322
  • Jul 30, 2009 9:01pm Jul 30, 2009 9:01pm
Quoting rastapips
4H just tested UTL and hope it does not close above it. still another hour to go before it closes.

hope this long wait n patience is worth it.
Patience always is...

My 4H just closed well below it.
Ghost Rider - WWTBMD?
  • #153,323
  • Jul 30, 2009 9:08pm Jul 30, 2009 9:08pm
There's some good negative divergence with macd and price on 15min!
  • #153,324
  • Jul 30, 2009 9:13pm Jul 30, 2009 9:13pm
Quoting albchr
Patience always is...

My 4H just closed well below it.

We spoke to soon boss?

I hope not !
  • #153,325
  • Jul 30, 2009 9:17pm Jul 30, 2009 9:17pm
some major resistance coming up around 550 to 580.

Look for candle close on 1hr and 4r direction.

I don't know where its going, but I know what to do when it decides.
  • #153,326
  • Jul 30, 2009 9:19pm Jul 30, 2009 9:19pm
Quoting rastapips
We spoke to soon boss?

I hope not !

Like I said, I'm expecting this. I will watch PA for a short signal around here if it says so. If not, I'll close my 6520 short for a small loss and wait for a better price.

Are you holding a short? If so, from where?
Ghost Rider - WWTBMD?
  • #153,327
  • Jul 30, 2009 9:19pm Jul 30, 2009 9:19pm
since when has gu ever followed thru in London session the direction it took in Asia. I suggest this is some form of mark up under low volume conditions...
Attached Image (click to enlarge)
Click to Enlarge Name: chart125.png Size: 196 KB





.
Blogging daily now at www.volume.zone
  • #153,328
  • Jul 30, 2009 9:20pm Jul 30, 2009 9:20pm
Today, I'm trusting big picture fundamentals over technicals.

This is the last day of the month, the monthly candle will set the tone for August and Q4. The banks will have a much better chance of drawing little guy back into the market pushing the DJ over 12000. I seriously doubt the big boys will shoot themself in the foot today. But then again...anything can happen! hahaha

Be careful out there.
  • #153,329
  • Jul 30, 2009 9:22pm Jul 30, 2009 9:22pm
http://www.marketwatch.com/story/nik...ery-2009-07-30

this really does go to show this is the last push ..

they shrug off all bad data ..... I was surprised to see nikkie take off ...

even one of the major banks reported a 47 million loss .... no worries lets buy stocks

nikkie up due to to sony earnings .... hold on ...

http://www.marketwatch.com/story/son...ted-2009-07-30

less grim than expected does equal good quarter .....
Blogging daily now at www.volume.zone
  • #153,330
  • Jul 30, 2009 9:24pm Jul 30, 2009 9:24pm
Quoting malcolmb14
since when has gu ever followed thru in London session the direction it took in Asia. I suggest this is some form of mark up under low volume conditions...
Attachment




.
That's what I was just looking at Malcolmb. There is like NO volume under this.
Ghost Rider - WWTBMD?
  • #153,331
  • Jul 30, 2009 9:24pm Jul 30, 2009 9:24pm
Quoting albchr
Like I said, I'm expecting this. I will watch PA for a short signal around here if it says so. If not, I'll close my 6520 short for a small loss and wait for a better price.

Are you holding a short? If so, from where?

yes boss short from

6436 and 6493.

willing to risk bcos im playing micro and and in small lot.

wanna learn something today. i'm just one month in live trading.

See what happens.

I see most of the time here. you hardly sleep i guess.
  • #153,332
  • Jul 30, 2009 9:30pm Jul 30, 2009 9:30pm
Quoting rastapips
yes boss short from

6436 and 6493.

willing to risk bcos im playing micro and and in small lot.

wanna learn something today. i'm just one month in live trading.

See what happens.

I see most of the time here. you hardly sleep i guess.
Picked the top of that big 1H candle at the 6436 one did you?

You are in at a a low price but if you can handle the draw down, I think you'll be OK. If not, better get out. Entirely up to you.

And yes...lol...I don't sleep as much as I'd like to.

Now come on cable!!! Take my short at 6550 will ya?
Ghost Rider - WWTBMD?
  • #153,333
  • Jul 30, 2009 9:33pm Jul 30, 2009 9:33pm
Going to drop soon i think. Euro is sliding
Disclaimer: Check your 1m charts
  • #153,334
  • Jul 30, 2009 9:34pm Jul 30, 2009 9:34pm
Quoting malcolmb14
since when has gu ever followed thru in London session the direction it took in Asia. I suggest this is some form of mark up under low volume conditions...
Attachment




.

Malc, your right, Cable rarely continues straight through in its rally from asia into uk.

However this has occurred a few times, but more often than not, it changes direction at major resistance or support during uk open.

I dont want to form an opinion, but I will keep an eye on those major resistance levels and look for reversal or continuation signals.
  • #153,335
  • Jul 30, 2009 9:35pm Jul 30, 2009 9:35pm
Also, I have found also that when it breaks out of the consolidation period prior to uk open it will most probably look to turn instead of continue.

I guess that's the same as I said earlier.
  • #153,336
  • Jul 30, 2009 9:38pm Jul 30, 2009 9:38pm
Quoting alex1976
Also, I have found also that when it breaks out of the consolidation period prior to uk open it will most probably look to turn instead of continue.

I guess that's the same as I said earlier.

.....tired are we?....
Ghost Rider - WWTBMD?
  • #153,337
  • Jul 30, 2009 9:41pm Jul 30, 2009 9:41pm
Quoting albchr
Picked the top of that big 1H candle at the 6436 one did you?

You are in at a a low price but if you can handle the draw down, I think you'll be OK. If not, better get out. Entirely up to you.

And yes...lol...I don't sleep as much as I'd like to.

Now come on cable!!! Take my short at 6550 will ya?

All the best to you. it will go high and drop but how high ? then how low ?

" time will tell " and lets be patient.

Thanks for the advice i really need it here. i got a long way to go
  • #153,338
  • Jul 30, 2009 9:48pm Jul 30, 2009 9:48pm
Quoting rastapips
All the best to you. it will go high and drop but how high ? then how low ?

" time will tell " and lets be patient.

Thanks for the advice i really need it here. i got a long way to go
My personal thinking is it will get to around the 6550 level. Maybe a little higher. My first short target is 6400. Then 6300 then 6220.

(IF) this is the big drop I think is coming, we may see 5800 and ultimately 5300 but that would be some time off.

Of course all this is just my opinion and I could be complete wrong. Hey, it's happened before...lol
Ghost Rider - WWTBMD?
  • #153,339
  • Jul 30, 2009 9:50pm Jul 30, 2009 9:50pm
Quoting albchr
.....tired are we?....

Yeah, very! Lol
  • #153,340
  • Jul 30, 2009 9:55pm Jul 30, 2009 9:55pm
I saw a clip on O'Reilly's "The Factor" tonight of someone interviewing George Soros. The interviewer asked Mr. Soros if his fund managers are buying the US Dollar. Mr. Soros smiled and said he won't say what he is doing but he knows exactly where the dollar is going.

Is he trying to devalue the dollar?
459 traders viewing now