Cable Update (GBPUSD) | Page 8103 | 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)

  • #162,041
  • Aug 31, 2009 1:17pm Aug 31, 2009 1:17pm
Quoting TauTrader
GM, you have now opened up a can of worms.... The answer to your proposals are:

1) Yes
2) Correct
3) Absolutely
4) Yip

OR

Maybe....

Highest regards



OK...thanks for clearing that up....I figured that...


Now folks on a serious note:

If you at any time should feel apprehension, sense of nervousness or uncertainty about your trading, simply refer to Tau's signature, think about it deeply for a few minutes and you're guaranteed to become oblivious to charts, dazed and forget you've ever existed...
Hear the music before the song is over ...
  • #162,042
  • Aug 31, 2009 1:28pm Aug 31, 2009 1:28pm
Quoting GlobalMacro
OK...thanks for clearing that up....I figured that...


Now folks on a serious note:

If you at any time should feel apprehension, sense of nervousness or uncertainty about your trading, simply refer to Tau's signature, think about it deeply for a few minutes and you're guaranteed to become oblivious to charts, dazed and forget you've ever existed...
Very Sharp!

I leave you with a note on current PA...

Have a great one. See tomorrow some time....
Attached Image
  • #162,043
  • Aug 31, 2009 1:30pm Aug 31, 2009 1:30pm
Quoting Yngwie
I think we going up. The price already reached lowest price of the day which is 1.6182. If breaks 1.6180 i will forget my long position

I'm a rich man now.. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #162,044
  • Aug 31, 2009 1:31pm Aug 31, 2009 1:31pm
Quoting TauTrader
Very Sharp!

I leave you with a note on current PA...

Have a great one. See tomorrow some time....

lol...have a good one...
Hear the music before the song is over ...
  • #162,045
  • Aug 31, 2009 1:47pm Aug 31, 2009 1:47pm
Last night I missed my TP by 1 pip and then it reversed. Not good for my equity and very frustrating.
  • #162,046
  • Aug 31, 2009 1:51pm Aug 31, 2009 1:51pm
GM, what do u think now..i love to hear your opinion.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #162,047
  • Aug 31, 2009 1:57pm Aug 31, 2009 1:57pm
Quoting Yngwie
GM, what do u think now..i love to hear your opinion.
wait a little bit...I'll do an update...
Hear the music before the song is over ...
  • #162,048
  • Aug 31, 2009 2:13pm Aug 31, 2009 2:13pm
Scene 1 take 2

back to my shorts and hoping for a big drop

last week it was going well then it came back up and hit b/e

B/e is the worst it can do again

But one of these days it's going to slide and keep sliding - then my patience will have paid off

Not taking any profits until that happens
  • #162,049
  • Aug 31, 2009 2:20pm Aug 31, 2009 2:20pm
Quoting bearjoe
Last night I missed my TP by 1 pip and then it reversed. Not good for my equity and very frustrating.

do not worry

here is myt take .. Today volume very low without London participating

The up move looks odd when oil is dropping !!!! -3.5 % to be exact rarely if ever have i seen GU / EU and oil / us indexes go in opposite direction

What is goingo n here is the pros are manipualting prices higher uynder low volume conditions . Clear indication they started the rally and left the rally about 1.6250... leaving the poor joe retail traders to keep on buying it up

the mark up type move suggests to me that GU is destined for 1.6100 in London ... so do not worry about the little draw down
Blogging daily now at www.volume.zone
  • #162,050
  • Aug 31, 2009 2:21pm Aug 31, 2009 2:21pm
Quoting malcolmb14
do not worry

here is myt take .. Today volume very low without London participating

The up move looks odd when oil is dropping !!!! -3.5 % to be exact rarely if ever have i seen GU / EU and oil / us indexes go in opposite direction

What is goingo n here is the pros are manipualting prices higher uynder low volume conditions . Clear indication they started the rally and left the rally about 1.6250... leaving the poor joe retail traders to keep on buying it up

the mark up type move suggests to me that GU is destined for 1.6100 in London ......

Attached Image (click to enlarge)
Click to Enlarge Name: gj4hr01.gif Size: 18 KB
Blogging daily now at www.volume.zone
  • #162,051
  • Aug 31, 2009 2:47pm Aug 31, 2009 2:47pm
Damage done by head and shoulder sharp decline in price

still looking down.
Attached Image (click to enlarge)
Click to Enlarge Name: qa.gif Size: 11 KB
  • #162,052
  • Aug 31, 2009 3:02pm Aug 31, 2009 3:02pm
Quoting pakitrader
Damage done by head and shoulder sharp decline in price

still looking down.
explian the drop earlier ...
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 23 KB
  • #162,053
  • Aug 31, 2009 3:16pm Aug 31, 2009 3:16pm
Quoting malcolmb14
do not worry

here is myt take .. Today volume very low without London participating

The up move looks odd when oil is dropping !!!! -3.5 % to be exact rarely if ever have i seen GU...
i think whats keeping this up is dragon has hit support and till that break this is likely to move up...but i do like yur scenero am short for the same reason and didnt put on BE cause i want it to have every chance

happy trading to u buddy...
  • #162,054
  • Aug 31, 2009 3:19pm Aug 31, 2009 3:19pm
Back to medium term uptrend people.

It's impossible to predict, just go with the flow as it flows.


Currently flowing up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #162,055
  • Aug 31, 2009 3:24pm Aug 31, 2009 3:24pm
Quoting GlobalMacro
OK...I am reestablishing my long position here @ 1.6199...

OK, so far so good!

Price retraced down to low 1.6260s from high of 1.6331.
I'm offloading my entire long position from 1.6199 here @ 1.6281 and taking profit of 82 pips.

My position now is FLAT.

Cya...
Attached Image
Hear the music before the song is over ...
  • #162,056
  • Aug 31, 2009 3:31pm Aug 31, 2009 3:31pm
Quoting GlobalMacro
OK, so far so good!

Price retraced down to low 1.6260s from high of 1.6331.
I'm offloading my entire long position from 1.6199 here @ 1.6281 and taking profit of 82 pips.

My position now is FLAT.

Cya...

nice!
  • #162,057
  • Aug 31, 2009 3:33pm Aug 31, 2009 3:33pm
very interesting and conflicting signals on daily
2 bull pins one bearish inbetween

from a volume stand point today`s rally was under very low volume spear-headed by ny trading desks/banks (crooks) million dollar question is whether this is the beginning of a large bullish correction of the total downmove from 1.7040 to 1.6153, or if it was just pure price manipulation during low liquidity to sell the crap out of it later. With those two bullish daily pinbars on our charts I would not be surprised to see a 2-3 day rally to retrace the 50fib/61fib of 1.7040 - 1.6153 which interestingly enough happen to be the round numbers 1.6600 and 1.6700. If we are still in sell mode and new daily lows are to be expected then we can conclude that price today was rejected off the 61fib from friday`s high to today`s low. Should this be the scenario to project a price I would simply superimpose the 1.6381 - 1.6183 down wave with starting price today`s high @ 1.6330 as a starting point all the way down to 1.6132.

THESE ARE JUST ALL SPECULATIONS made out of regards to daily and h4 moves. We are currently at very interesting crossroads given the daily candle price action and to be honest I favor the upside although all volume studies point to gu being brought up higher only to get loaded with sellers.
I personally favor upside because if smart money are to sell the crap out of gu in the longer term (thing 2-3 weeks/months, given the weekly background which was an upthrust/pinbar on hi volume) they would wanna lure in some bulls and kill late bears. We will see....
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #162,058
  • Aug 31, 2009 3:42pm Aug 31, 2009 3:42pm
Quoting Bull_Bear
Morning guys,


Flight Plan sub 1.6000

http://www.forexfactory.com/showpost...stcount=161748



lets do it
  • #162,059
  • Edited 4:19pm Aug 31, 2009 4:07pm | Edited 4:19pm
gu 4h trading range for me, and 30min and 1h i see the uptrend, but 1.6360 is resistance. The downside if the pairs not break back to 6250 this is still up move, I think it will hit 6360 for the next short ^^.
goodluck.
Attached Image (click to enlarge)
Click to Enlarge Name: gu30min1h.jpg Size: 184 KB
  • #162,060
  • Aug 31, 2009 5:07pm Aug 31, 2009 5:07pm
Posted on the weekend......

http://www.forexfactory.com/showpost...stcount=161748

Flight plan close to a mirror, waiting for her to drop now.

See you guys at the London session
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 149 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
220 traders viewing now, 4 are registered:
Waveskierrob
,
CPUmice
,
bosti
,
ericis