Cable Update (GBPUSD) | Page 7950 | 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)

  • #158,981
  • Aug 18, 2009 3:56pm Aug 18, 2009 3:56pm
Quoting malcolmb14
no you got it wrong ... PPI down .... but housing data up a little and Home Depot made about the same as last year ...

wow they really use any news to drive markets up.

Home Depot earnings are up as liekly those that wanted to move are not moving and renovating house instead ..so do not worry Home depot made 1 billion but overall housing sector losing 300 to 400 billion per year . Hone Depot is going to carry the US to economic recovery. In addition I think there were one or 2 retailers beat eps expectations. HOld on that was for the period...

BRO STILL HOLDING SHORT FROM 1.6570 LET SEE WHAT HAPPEN
  • #158,982
  • Aug 18, 2009 3:57pm Aug 18, 2009 3:57pm
I don't see cable going down. My charts show cable LONG @ 1M, 5M, 15M, 1H, 4H. Anybody see anything else? Or I might be wrong because of slow market and unclear direction of market.
  • #158,983
  • Aug 18, 2009 4:05pm Aug 18, 2009 4:05pm
Quoting UncleSam123
I don't see cable going down. My charts show cable LONG @ 1M, 5M, 15M, 1H, 4H. Anybody see anything else? Or I might be wrong because of slow market and unclear direction of market.
u look doji there on h4 ?
  • #158,984
  • Aug 18, 2009 4:06pm Aug 18, 2009 4:06pm
Quoting UncleSam123
I don't see cable going down. My charts show cable LONG @ 1M, 5M, 15M, 1H, 4H. Anybody see anything else? Or I might be wrong because of slow market and unclear direction of market.
NOTHING goes up 4ever (even with Viagra...)
  • #158,985
  • Aug 18, 2009 4:17pm Aug 18, 2009 4:17pm
Quoting UncleSam123
I don't see cable going down. My charts show cable LONG @ 1M, 5M, 15M, 1H, 4H. Anybody see anything else? Or I might be wrong because of slow market and unclear direction of market.

5 and 15min definately do NOT point up from where im seeing it. especially after i saw sellers really coming in around 6570-90 level which stopped price from rising above 6600 key level.

at the moment im waiting to see how USDCHF plays out, it it dips below .1.0740 and then reverses that would be very very strong signal for dollar rise tomorrow and hence fall in EU and GU
  • #158,986
  • Aug 18, 2009 4:19pm Aug 18, 2009 4:19pm
Quote

Originally Posted by Petar_Serbia http://cloud.forexfactory.com/images...s/viewpost.gif
1000 pips at previus week

This Week for now 300 ...
1300 pips for 7 days ...




and...?
Attached Image
  • #158,987
  • Aug 18, 2009 4:24pm Aug 18, 2009 4:24pm
Quoting direct-trade
and...?
DT bro i think huge down fall there be carefull
  • #158,988
  • Aug 18, 2009 4:26pm Aug 18, 2009 4:26pm
Quoting Faryad
DT bro i think huge down fall there be carefull
Throw me up a chart so I can see what you see:nerd:
  • #158,989
  • Aug 18, 2009 4:30pm Aug 18, 2009 4:30pm
Quoting direct-trade
Throw me up a chart so I can see what you see:nerd:
sellers around 1.6570
  • #158,990
  • Aug 18, 2009 4:38pm Aug 18, 2009 4:38pm
Cable was the weakest major of the night dropping nearly 200 points to 1.6320 after Rightmove housing survey showed that prices decreased -2.2% versus 0.6% gain the period prior. This was the sharpest drop in 8 months and cast doubts on the assumption that prices in the UK housing market were beginning to rebound. As we’ve been noting continuously, sterling for that matter the UK economy are both inextricably tied to the performance of global capital markets and if equities begin to slide into the end of the month the pair is very likely to test the 1.600 0 level to the downside as demand for risk cools considerably..
  • #158,991
  • Aug 18, 2009 4:39pm Aug 18, 2009 4:39pm
Quoting Faryad
sellers around 1.6570
You could be right. I think a nice pause for shorts to jump on, then a rapid rise North stopping them out.
  • #158,992
  • Aug 18, 2009 4:40pm Aug 18, 2009 4:40pm
Quoting Faryad
Cable was the weakest major of the night dropping nearly 200 points to 1.6320 after Rightmove housing survey showed that prices decreased -2.2% versus 0.6% gain the period prior. This was the sharpest drop in 8 months and cast doubts on the assumption that prices in the UK housing market were beginning to rebound. As we’ve been noting continuously, sterling for that matter the UK economy are both inextricably tied to the performance of global capital markets and if equities begin to slide into the end of the month the pair is very likely to test...

Buy on bad news, sell on good news.
  • #158,993
  • Aug 18, 2009 4:42pm Aug 18, 2009 4:42pm
Quoting direct-trade
Buy on bad news, sell on good news.
well best of luck DT bro
  • #158,994
  • Aug 18, 2009 4:50pm Aug 18, 2009 4:50pm
Maybe its just me, but there seems to be a delay between traders reactions on this forum and what is really happening. When I buy, everyone is selling, when I sell, everyone is buying. Each time though, I seem to be on the right side of the market...(I am not boasting, I do get it wrong sometimes, no one is perfect lol)

The market has waited until this point to sell...how easy would it be to rip those Short trades through their Stops? At this level (16550) I would say a rise of around 100-300 pips should do it.

So, although I see signs on the chart that all could not be well for my longs, I understand that this is called manipulation to encourage the market to jump on the wrong side.

I am committed to my trade.

Time will tell, holding long from 16480.
  • #158,995
  • Aug 18, 2009 4:52pm Aug 18, 2009 4:52pm
Quoting Faryad
well best of luck DT bro

Same to you bro, good trades to you!
  • #158,996
  • Aug 18, 2009 4:58pm Aug 18, 2009 4:58pm
I've been holding onto my short through most of this uptrend. It would be nice to see a reversal now. What goes up must come down right? It's taken a lot of sitting on my hands + balls of steel to hold this short. Hope it pays off...
  • #158,997
  • Aug 18, 2009 4:59pm Aug 18, 2009 4:59pm
Quoting direct-trade
Maybe its just me, but there seems to be a delay between traders reactions on this forum and what is really happening. When I buy, everyone is selling, when I sell, everyone is buying. Each time though, I seem to be on the right side of the market...(I am not boasting, I do get it wrong sometimes, no one is perfect lol)

The market has waited until this point to sell...how easy would it be to rip those Short trades through their Stops? At this level (16550) I would say a rise of around 100-300 pips should do it.

So, although I see signs on the...
Please dont take the above post as arrogance on my part, I am trying to explain my contrarian nature.

Good luck and see you LDN.
  • #158,998
  • Aug 18, 2009 5:03pm Aug 18, 2009 5:03pm
Morning Guys,

My trade activated last night @ 1.6545... SL 1.6610 ... TP 1.6200

1.6600 held nicely for me, taking her down. This move was not exaggerated and as it was GBP strength across the board. Having said that its not also sustained as long as 1.6600 holds water.

Down periscope....

See you guys in the London session
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 113 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,999
  • Aug 18, 2009 5:10pm Aug 18, 2009 5:10pm
Quoting bearjoe
I've been holding onto my short through most of this uptrend. It would be nice to see a reversal now. What goes up must come down right? It's taken a lot of sitting on my hands + balls of steel to hold this short. Hope it pays off...
Hey we have all been through that and know the feeling. The trick is to remember and strive not to be in that situation again......all part of the learing curve expensive as it may be uh....good luck with your trade
  • #159,000
  • Aug 18, 2009 5:13pm Aug 18, 2009 5:13pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey DT, have you come across any other good forums for GU?



Quoting direct-trade
Maybe its just me, but there seems to be a delay between traders reactions on this forum and what is really happening. When I buy, everyone is selling, when I sell, everyone is buying. Each time though, I seem to be on the right side of the market...(I am not boasting, I do get it wrong sometimes, no one is perfect lol)

The market has waited until this point to sell...how easy would it be to rip those Short trades through their Stops? At this level (16550) I would say a rise of around 100-300 pips should do it.

So, although I see signs on the...
1,779 traders viewing now, 1 is registered: