Cable Update (GBPUSD) | Page 8218 | 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)

  • #164,341
  • Sep 9, 2009 5:19am Sep 9, 2009 5:19am
Quoting albchr
Ummmm...could somebody put the plug back in? This puppy doesn't seem to be running anymore.....
normally does this time seems to stand still.. just b4 the breakout..
might be in the head..but it does always appear this way..
  • #164,342
  • Sep 9, 2009 5:21am Sep 9, 2009 5:21am
Quoting albchr
Ummmm...could somebody put the plug back in? This puppy doesn't seem to be running anymore.....
Hey chris, which direction you shooting bro?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,343
  • Sep 9, 2009 5:26am Sep 9, 2009 5:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I can understand the reason for GU to be still/stuck because of IR decision tomorrow it's not going anywhere until then but for the life of me I cannot understand why EU is still stuck as well.

Not sure if they will go south or go north tomorrow together or perhaps seperate on Friday with US news.





Quoting albchr
Ummmm...could somebody put the plug back in? This puppy doesn't seem to be running anymore.....
  • #164,344
  • Edited 5:29am Sep 9, 2009 5:26am | Edited 5:29am
The 1hr chart in respect of previous obvious near-term imbalances of demand/supply [swing lows] and supply/demand [swing highs, unbreeched fibs and trend lines is shown below.

Price currently between the 50% of yeterdays rise 6320-6586 @ 6453 current intraday lo and the 50%/61.8% of the subsequent 6586-6453 fall and the current intraday fall respectively.

Should 6450 area give the previous swing hi below that is also co-existant on 4hr could act as potential RBS.

To the upside and above yesterday's highs will see price in the previous 4hr swing hi=previous resistance=potential resistance zone that extends from that 50% fib of the major 7044-6111 move @ 6575 to around 6667. The 61.8% of the major 7044-6111 move is above there @ 6684.

Current day's range is 108 against an average Daily pip range around 180 .
tech picture is unclear now 5min to 1hr and an intraday neutral - slightly bullish tone has developed off 6453 lows intraday.

The fibs shown are drawn from lows at 6111 [yellow] 6285 [orange] and yesterday's low @ 6320, - 6586 - yesterday's hi.

G/L

http://i28.tinypic.com/34go8y9.gif
ex member
  • #164,345
  • Sep 9, 2009 5:28am Sep 9, 2009 5:28am
Quoting nAVIN2007
normally does this time seems to stand still.. just b4 the breakout..
might be in the head..but it does always appear this way..
breakout to where nav should it be down or up?
  • #164,346
  • Edited 5:45am Sep 9, 2009 5:30am | Edited 5:45am
Quoting Bull_Bear
Hey chris, which direction you shooting bro?
Flat ATM bro. Since it doesn't know which way it's going, neither do I...LOL

Just had the second half of my short stopped out for +22. First half was +77. So just waiting to see what it wants to do.....
Ghost Rider - WWTBMD?
  • #164,347
  • Sep 9, 2009 5:34am Sep 9, 2009 5:34am
Quoting albchr
Flat ATM bro. Since it doesn't know which way it's going, neither do I...LOL

Just had the second half of my short stopped out for +22. So just waiting to see what it wants to do.....

nice move hehehe i think they wait for new york open
  • #164,348
  • Sep 9, 2009 5:34am Sep 9, 2009 5:34am
Quoting forexter
breakout to where nav should it be down or up?

i actually cancelled the long and now have a gone for the short.....i dunno why but i think it may fall.....hasnt been easy to cross that pin
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 29 KB
  • #164,349
  • Sep 9, 2009 5:35am Sep 9, 2009 5:35am
my scenario:

we have a bull flag and i would not rule out another lower low to 1.6480ish for a final buy flag pole is about 250 pips effectively giving target 1.6650-1.6700

i praaaaaay for a lower low that will coincide with the lower trendline in order to confirm it since we ALL KNOW there is no trendline unless it has three touches since we can draw any line between two points in space. if NENE would have seen this he would have slapped himself on the forhead
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 177 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,350
  • Sep 9, 2009 5:38am Sep 9, 2009 5:38am
wormie, i`m affraid DX is forming bear flag by the looks of it
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,351
  • Sep 9, 2009 5:43am Sep 9, 2009 5:43am
Quoting djambazov84
my scenario:

we have a bull flag and i would not rule out another lower low to 1.6480ish for a final buy flag pole is about 250 pips effectively giving target 1.6650-1.6700

i praaaaaay for a lower low that will coincide with the lower trendline in order to confirm it since we ALL KNOW there is no trendline unless it has three touches since we can draw any line between two points in space. if NENE would have seen this he would have slapped himself on the forhead

if that upper trendline is to produce a third bounce down i think 1.6550 would be a great place to short it till it meets lower trendline at around 1.6480 that is my ideal scenario

if we have a direct breakout of this upper trendline i`ll try to long the retest (if any) by looking at the 1m-5m chart and hopefully i can get a pinbar/bullish engulfing

if lower trendline gets breached convincingly...all bets are bloody off
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,352
  • Sep 9, 2009 6:08am Sep 9, 2009 6:08am
Quoting forexter
nice hold musani
hey expecting cable to go down ????????????????????????????????????
  • #164,353
  • Sep 9, 2009 6:17am Sep 9, 2009 6:17am
Quoting nAVIN2007
i just didnt want to say that... it true thou...

his account can blow in 5 minutes
I don't think it will blow. I have 95% success in trades. And when I'm not sure, I don't open the position. And I could hold my trades for many hours, I did it few days ago...but yeah, I know this is very risky now, but I won't trade larger lots till I get to $1000 acc...so my risk will be lower and lower.
-- There's no winner without lose --
  • #164,354
  • Sep 9, 2009 6:29am Sep 9, 2009 6:29am
Quoting JamesCZ
I don't think it will blow. I have 95% success in trades. And when I'm not sure, I don't open the position. And I could hold my trades for many hours, I did it few days ago...but yeah, I know this is very risky now, but I won't trade larger lots till I get to $1000 acc...so my risk will be lower and lower.
WOW!! 95% success? Congratulations man. That would put you well within the top 5% of all traders. You'll be rich in no time....

With a success rate like that, I'd be raising my risk per trade not lowering it.
Ghost Rider - WWTBMD?
  • #164,355
  • Sep 9, 2009 6:30am Sep 9, 2009 6:30am
Quoting JamesCZ
I don't think it will blow. I have 95% success in trades. And when I'm not sure, I don't open the position. And I could hold my trades for many hours, I did it few days ago...but yeah, I know this is very risky now, but I won't trade larger lots till I get to $1000 acc...so my risk will be lower and lower.
im talking from my own personal experience, hell im still doing it now u enter having a plan, market does something, u second guess yourself and exit and watch it go where u thought it was heading..

i also had 97% success but i still lost or put in 100% just to BE
U HAVE TO LEARN TO RID THE WINNERS otherwise it cant happen for u friend...anyways so long as your aware thats all ....keep it tight buddy
that one losser will kill u ...cause of over leverage and it will become all or nothing on a trade.
range trading is good for u..
  • #164,356
  • Sep 9, 2009 6:33am Sep 9, 2009 6:33am
OOooboyyy. If fogot that today was 9-9-2009 (999)
GELORE
  • #164,357
  • Sep 9, 2009 6:36am Sep 9, 2009 6:36am
Quoting musani
OOooboyyy. If fogot that today was 9-9-2009 (999)
if u look for numbers they appear everywhere...stop making james nervous just kidding
  • #164,358
  • Sep 9, 2009 6:38am Sep 9, 2009 6:38am
Quoting nAVIN2007
im talking from my own personal experience, hell im still doing it now u enter having a plan, market does something, u second guess yourself and exit and watch it go where u thought it was heading..

i also had 97% success but i still lost or put in 100% just to BE
U HAVE TO LEARN TO RID THE WINNERS otherwise it cant happen for u friend...anyways so long as your aware thats all ....keep it tight buddy

range trading is good for u..
Yep, I know range trading is what I need...but in the future I'd like to trade bigger moves..just one trade per day. My problem is I have no patience to stay in when price moves against me.
-- There's no winner without lose --
  • #164,359
  • Sep 9, 2009 6:40am Sep 9, 2009 6:40am
Quoting nAVIN2007
if u look for numbers they appear everywhere...stop making james nervous just kidding
And might till 4hr candle change to 9pm +8gmt
GELORE
  • #164,360
  • Sep 9, 2009 6:44am Sep 9, 2009 6:44am
Quoting grashid
tomorrow till friday....good luck...
183 traders viewing now