Cable Update (GBPUSD) | Page 8166 | 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)

  • #163,301
  • Sep 3, 2009 2:18pm Sep 3, 2009 2:18pm
Quoting GlobalMacro
does that pair ZAR move at all...what's its spread, margin, and pip value?
that ZAR pair......is about to break support vs $....spread is 0.90cents:

USDZAR : 7.6300 bid 7.6390 offer atm from Saxo.
  • #163,302
  • Sep 3, 2009 2:20pm Sep 3, 2009 2:20pm
Quoting nAVIN2007
u just could not wait

1.63 needs to be knocked out cold....to be honest i see the mofo ranging till next week...maybe the whole year

ping pong all the way
Oh come on don't be so cheap!
You best not jinx us like tony did nav, or I will be uber pissed!
The last time someone said range it was tony & it bloody ranged for 2 months!
Don't let me fly out to england and bearhug you bro!

I just realised that's a lot of emoticons!
Thank You
  • #163,303
  • Sep 3, 2009 2:26pm Sep 3, 2009 2:26pm
Wormboy, if daily closes below 300, does that suggest to look for short entry?
  • #163,304
  • Sep 3, 2009 2:26pm Sep 3, 2009 2:26pm
Quoting GlobalMacro
if the spread is 300 then 1600 pips move is effectively 5 ticks...which is probably not tradable...maybe as a hedge for your dollar earnings over the long run yes but other than that...hmmm

Ticks? not sure what that means but...
I trade Minis...
GBPJPY 0.12
USDZAR 0.01

I make my Living trading GBPJPY...

I cover the daily fluctuations trading the USDZAR.
Oil goes up...Fuel Goes Up.... Food goes up... $ goes Up against the ZAR... I'm Covered or so i think.
  • #163,305
  • Sep 3, 2009 2:27pm Sep 3, 2009 2:27pm
Quoting I like steak
that ZAR pair......is about to break support vs $....spread is 0.90cents:

USDZAR : 7.6300 bid 7.6390 offer atm from Saxo.
OK...I can see why you guys want to hedge your dollars...
I see 200 pips spread though right now (even 90 is a lot a wood to chop bevor b/e) ...I'd rather be a market maker on this pair....lol

but what's the margin req ?
Attached Image
Hear the music before the song is over ...
  • #163,306
  • Sep 3, 2009 2:30pm Sep 3, 2009 2:30pm
Quoting Fx1618
Ticks? not sure what that means but...
I trade Minis...
GBPJPY 0.12
USDZAR 0.01

I make my Living trading GBPJPY...

I cover the daily fluctuations trading the USDZAR.
Oil goes up...Fuel Goes Up.... Food goes up... $ goes Up against the ZAR... I'm Covered or so i think.
Ticks = minimum effective price movement
Hear the music before the song is over ...
  • #163,307
  • Sep 3, 2009 2:32pm Sep 3, 2009 2:32pm
Quoting wormboy
Oh come on don't be so cheap!
You best not jinx us like tony did nav, or I will be uber pissed!
The last time someone said range it was tony & it bloody ranged for 2 months!
Don't let me fly out to england and bearhug you bro!

I just realised that's a lot of emoticons!

I want this mofo to move as well, i dont even care i shorting my currency but the mofo dont want to go nowhere...i went short and thought yep, we broke out of the channel, last week candle on weekly bearish, swallowed the doji b4....and this week the candle is bullish...with 1 day to make it bearish..

the only thing i can relly on for non farm is to break my account
  • #163,308
  • Sep 3, 2009 2:32pm Sep 3, 2009 2:32pm
Quoting GlobalMacro
Ticks = minimum effective price movement
= pips?... I'll Google
  • #163,309
  • Sep 3, 2009 2:34pm Sep 3, 2009 2:34pm
Quoting alex1976
Wormboy, if daily closes below 300, does that suggest to look for short entry?
Daily below 380.
Lower tf (h4) grey area is between 300 & 270.
Thank You
  • #163,310
  • Sep 3, 2009 2:35pm Sep 3, 2009 2:35pm
Quoting GlobalMacro
OK...I can see why you guys want to hedge your dollars...
I see 200 pips spread though right now (even 90 is a lot a wood to chop bevor b/e) ...I'd rather be a market maker on this pair....lol

but what's the margin req ?
GM - I never traded this pair but it is very solid...especially for a small country...

Long the ZAR ..... ...especially up and until next year's Soccer World Cup.

There are of course other reasons to be long the ZAR but we are very modest here.....
  • #163,311
  • Sep 3, 2009 2:35pm Sep 3, 2009 2:35pm
Quoting Fx1618
= pips?... I'll Google
I used futures market terminology to accentuate the effective price movement....
Hear the music before the song is over ...
  • #163,312
  • Sep 3, 2009 2:37pm Sep 3, 2009 2:37pm
Quoting I like steak
GM - I never traded this pair but it is very solid...especially for a small country...

Long the ZAR ..... ...especially up and until next year's Soccer World Cup.

There are of course other reasons to be long the ZAR but we are very modest here.....
OK....gotcha bro...lol

I heard you guys are supposed to have real good wine over there, is that true?
how much does a good bottle of red cost in dollar terms?
Hear the music before the song is over ...
  • #163,313
  • Sep 3, 2009 2:39pm Sep 3, 2009 2:39pm
Quoting I like steak

There are of course other reasons to be long the ZAR but we are very modest here.....


u know why its called the Mother City... it takes 9 month for anything to happen... seriously... I know its lame but just a JOKE
  • #163,314
  • Sep 3, 2009 2:39pm Sep 3, 2009 2:39pm
Quoting nAVIN2007
I want this mofo to move as well, i dont even care i shorting my currency but the mofo dont want to go nowhere...i went short and thought yep, we broke out of the channel, last week candle on weekly bearish, swallowed the doji b4....and this week the candle is bullish...with 1 day to make it bearish..

the only thing i can relly on for non farm is to break my account
lol, she's warming her jets bro give her time
nfp
Thank You
  • #163,315
  • Sep 3, 2009 2:40pm Sep 3, 2009 2:40pm
okay later fellas. Trade safe
Thank You
  • #163,316
  • Sep 3, 2009 2:41pm Sep 3, 2009 2:41pm
Quoting GlobalMacro
OK....gotcha bro...lol

I heard you guys are supposed to have real good wine over there, is that true?
how much does a good bottle of red cost in dollar terms?

Not a Wine Drinker maybe you can help out Steak
  • #163,317
  • Sep 3, 2009 2:43pm Sep 3, 2009 2:43pm
Quoting wormboy
okay later fellas. Trade safe
Have a good one bro...
Hear the music before the song is over ...
  • #163,318
  • Sep 3, 2009 2:44pm Sep 3, 2009 2:44pm
Quoting wormboy
okay later fellas. Trade safe
  • #163,319
  • Sep 3, 2009 2:45pm Sep 3, 2009 2:45pm
Main reason I have been bullish from 16162 with targets upto and including 170, 180 and ultimate target 190 area:

Cup and handle formation on GBP/USD.
Cup and handle formations in Forex are relatively rare. The main criteria is the cup should develop over a period of many weeks and should be smooth(ish), hence the term “Cup”.
The “Handle” is a consolidation period usually following this type of “Cup” and may last weeks also. I have shown on my chart what I am talking about. The profit levels are determined by taking the hieght of the “Handle” as the first target, the second final target is taken by taking the depth of the “Cup”, and adding it to the top of the cup, thereby giving me my long term ultimate target.
It should be noted that the break of the “Handle” is extremely fast and will be a surprise for many who have not experienced this type of handle break PA before.
Like I said, it is rare to find this in forex, but when seen should not be overlooked.
I am holding long from 16162, price now at 16330. NFP may be the trigger tomorrow (4th Sept) for this move to commence it’s final stage.
Of course, I could be wrong, but it is what I see on my charts. Please do not follow blindly, but plan your trade and trade your plan.
I hope you find it useful.
Happy trading,
Direct-Trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 03-09-03.gif Size: 23 KB
  • #163,320
  • Sep 3, 2009 2:45pm Sep 3, 2009 2:45pm
Shorts taken out on the Mistress - Demo and Mrs -Real.
I do not usually trade this time of night, just really had a good day So I'll keep me Short on the Dragon and are of to bed. See later
487 traders viewing now