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Cable Update (GBPUSD)

  • #160,761
  • Aug 25, 2009 11:03pm Aug 25, 2009 11:03pm
good morning all , let's make lot's of pip's
  • #160,762
  • Aug 25, 2009 11:23pm Aug 25, 2009 11:23pm
Quoting trabagwe
grashid, do you think it will pull back up to 6420 or did you mean you shorted already at 6420 i am so lost, thank you
vs M15...even am still bear bias...am waiting London session to make my decision...Good Luck
  • #160,763
  • Aug 25, 2009 11:27pm Aug 25, 2009 11:27pm
wow your so nice, when do you sleep, it seems i get so run down does that happen to you ?
  • #160,764
  • Aug 25, 2009 11:36pm Aug 25, 2009 11:36pm
Quoting singingfx
I'm probably wrong, usually am, but what about trend since March. Might not be the best fit but I wouldn't be comfortable going short here.
Nice chart and fair comment. I guess it depends on timeframe. You're right, there is support there, but I don't see price making new highs.Hence my short.( which I'm out of at BE).I'm waiting for a new entry if the opportunity arises.
FF journal: Peaks and Troffs
  • #160,765
  • Aug 25, 2009 11:38pm Aug 25, 2009 11:38pm
Good day to all,

I am going to be travelling for the next 3 days, so I will not be too active with trades. Some very interesting debate going on here regarding direction. But what's new... My EUR/JPY trade placed paid a bit and I took a small gain on GU - but small...

As we stand now, we have the following levels in play:

We have resistance/support right where we are now @ 1.6329, further up we have the daily high so far @ 1.6349. Further up, we have the Monday low @ 1.6390

To the downside, the 1.6300 round number and then the 17 Aug low of 1.6274 that will offer support. I still want to see the 1.6267 price in play today to re-affirm a continuation. The number to the upside that will have to be touched for me is 1.6432.

I will only turn bullish if price can sustain 1.6390 and start testing my upper target of 1.6432. The blue line on the chart runs through the daily close prices and price is currently running along this line. Bias has to be bearish for me until my conditions are met. I still have the 1.6267 number in favour as the area to be currently aiming at initially.

Good trading to all!
Attached Image (click to enlarge)
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  • #160,766
  • Aug 26, 2009 12:06am Aug 26, 2009 12:06am
I still have mixed sentiments if these is to break down we should see some retracements to the upside before the big drop.
  • #160,767
  • Aug 26, 2009 12:22am Aug 26, 2009 12:22am
Quoting GlobalMacro
I agree...the decisive break of 1.6388 is already a precursor to that...
Morning All,

Sell orders were triggered @ 1.6388 following the collapse of prices post consumer confidence numbers.
As such I'm running again shorts albeit w/ a light load.
Attached Image
Hear the music before the song is over ...
  • #160,768
  • Aug 26, 2009 12:24am Aug 26, 2009 12:24am
Quoting Sinan
Hi all,

My first post on the Cable thread although I have been following for a while, hopefully get more involved now I have some trading experience under my belt. I just trade Cable...but take longer term views on a number of markets...

On the UK debt this graph says it all:

http://www.statistics.gov.uk/cci/nugget.asp?id=206

Its almost a straight line up! I recently moved from London to Zurich to escape the coming Tsunami...
bu miktar borç cable ı kısa/uzun dönemde nasıl etkileyecek sizce?
  • #160,769
  • Aug 26, 2009 12:38am Aug 26, 2009 12:38am
i'm going to go long when the cable reaches 1.6270..perfect time for entry and i'm expecting it to rise to1.64XX or maybe higher..
  • #160,770
  • Edited 12:53am Aug 26, 2009 12:51am | Edited 12:53am
not to wasting my words, then am sharing my amateur analysis & also my OP scratched on my simple chart

http://www.forexindo.com/forum/image...4caab65911.jpg
spirit 0f pipping
  • #160,771
  • Aug 26, 2009 1:07am Aug 26, 2009 1:07am
Short @ 1.6345... SL... 1.6470..... TP.... 1.6100

Catch you guys, be back later on
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,772
  • Aug 26, 2009 1:13am Aug 26, 2009 1:13am
Will start to short only if 1.6390 is not broken bulls pushing up.
  • #160,773
  • Aug 26, 2009 1:13am Aug 26, 2009 1:13am
Quoting allserene
So the entire community says a huge downmove

lot's of humble pie to eat if it doesn't behave

I am short with the rest

lol
  • #160,774
  • Aug 26, 2009 1:14am Aug 26, 2009 1:14am
Quoting Bull_Bear
Short @ 1.6345... SL... 1.6470..... TP.... 1.6100

Catch you guys, be back later on

we're on da same path master..
spirit 0f pipping
  • #160,775
  • Aug 26, 2009 1:17am Aug 26, 2009 1:17am
im long @ 6350: TP: 6677 SL:6300
  • #160,776
  • Aug 26, 2009 1:19am Aug 26, 2009 1:19am
Quoting Bull_Bear
Short @ 1.6345... SL... 1.6470..... TP.... 1.6100

Catch you guys, be back later on
Wow, same trade.... same entry, SL and TP...
My edge ===> Patience
  • #160,777
  • Aug 26, 2009 1:27am Aug 26, 2009 1:27am
Pivot Platform today :

Still have no idea untill moves beyond 1.6302 - 1.6354 !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #160,778
  • Aug 26, 2009 1:31am Aug 26, 2009 1:31am
Quoting Sinan
I've probably been reading a bit too much of Jim...

short/medium term I am bearish GBP...

Key reason is that house debt in the UK is tied to the individual rather than the house so I think the UK consumer will be more drained over time making the recovery slower than the US recovery. Over time we should see this in the data...demographics will also put a drag on any house price recovery in the UK for a long time...

Also under the current government I don't believe we will see any attempt at addressing the deficit, more and more we should see...
pardon me, ı asked before ı read all...
  • #160,779
  • Aug 26, 2009 1:33am Aug 26, 2009 1:33am
Quoting 2be
Long entry at 1.6320 SL 1.6260 1ST PT 1.6450
Position at BE, just in case, if taken out shall re-establish long position at a lower level, I do expect cable to rally and continue to do so for several days.
Make sure losses are small and profits are bigger!
  • #160,780
  • Aug 26, 2009 1:42am Aug 26, 2009 1:42am
Quoting navhin
i'm going to go long when the cable reaches 1.6270..perfect time for entry and i'm expecting it to rise to1.64XX or maybe higher..
Be cool navhin. Try not to expect & consider other possibilities. Selling is still in.
Take it easy

Same chart:
1. http://www.forexfactory.com/showpost...postcount=2608
2. http://www.forexfactory.com/showpost...postcount=2612
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 92 KB
Thank You
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