Cable Update (GBPUSD) | Page 8229 | 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)

  • #164,561
  • Edited 6:36am Sep 10, 2009 6:33am | Edited 6:36am
Extreme oscillator readings and a cci hook with breech of all channels (and bol extreme deviation) gave the short at point a then the hidden divergence/band deviation re-entry to 5min trend (after the pullback) @ the 38.2% fib of the 6454-current intraday hi move at point b.

You gotta love volatility..it craetes great technical opportunities.

G/L
ex member
  • #164,562
  • Sep 10, 2009 6:34am Sep 10, 2009 6:34am
Quoting nAVIN2007
i know what u mean ......this is crazy, f**k man interest rate staying the same dont really mean nothing i cant understand why we heading up.. all week it failed now the mofo wants to go up

we at a critical area..if this ofo heads up..we could be loking at a trend change
yeah quite right, we're either at the beginning of a reversal back down or at the start of a new uptrend. Scary times, my nerves are taking a hit.

I think euro bouncing back up a bit is what is keeping cable high at the moment.

There's low volume, I don't see many buyers, at this level anyway.

Still I know what you mean- I was wary that anything can happen with these rates decisions, but I dont think I really expected such an aggressive spike.
  • #164,563
  • Sep 10, 2009 6:36am Sep 10, 2009 6:36am
Quoting nAVIN2007
i know what u mean ......this is crazy, f**k man interest rate staying the same dont really mean nothing i cant understand why we heading up.. all week it failed now the mofo wants to go up

we at a critical area..if this ofo heads up..we could be loking at a trend change
http://www.forexfactory.com/showpost...stcount=164459

NAV, go easy bro... I have reversed both of my positions at BE.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,564
  • Sep 10, 2009 6:36am Sep 10, 2009 6:36am
re post above, sorry pic attached here


http://i28.tinypic.com/hwd274.gif
ex member
  • #164,565
  • Sep 10, 2009 6:37am Sep 10, 2009 6:37am
Quoting pakitrader
Rising wedge is forming in Daily and still holding Upper trend Line.

AssalaMuAlikum..!
Itz Saify... BrothEr do you Read the 175B Asset Purchases are Same...
So what you think technically Itz Imm Res...?
  • #164,566
  • Sep 10, 2009 6:40am Sep 10, 2009 6:40am
this is scaring me
Attached Image (click to enlarge)
Click to Enlarge Name: gbp daily.gif Size: 14 KB
  • #164,567
  • Sep 10, 2009 6:41am Sep 10, 2009 6:41am
Quoting nAVIN2007
i know what u mean ......this is crazy, f**k man interest rate staying the same dont really mean nothing i cant understand why we heading up.. all week it failed now the mofo wants to go up

we at a critical area..if this ofo heads up..we could be loking at a trend change
Hey Navin,

Prior to the BOE announcement, the market was pricing a roughly 30% chance of a change being made to either the QE programme or the rate of interest that the BOE pays to commercial banks on reserves that are lodged with them.

Now, as we have seen no change to the Bank Rate, QE or rates paid on reserves, the market is enjoying a relief rally.

6600 still remains a KEY level.

Good luck.
  • #164,568
  • Sep 10, 2009 6:46am Sep 10, 2009 6:46am
Quoting spintrader
yeah quite right, we're either at the beginning of a reversal back down or at the start of a new uptrend. Scary times, my nerves are taking a hit.

I think euro bouncing back up a bit is what is keeping cable high at the moment.

There's low volume, I don't see many buyers, at this level anyway.

Still I know what you mean- I was wary that anything can happen with these rates decisions, but I dont think I really expected such an aggressive spike.
whats scares me is the weekly is saying up...
  • #164,569
  • Sep 10, 2009 6:46am Sep 10, 2009 6:46am
There she goes... say bye bye 1.6600... 1.6680 here we come
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,570
  • Sep 10, 2009 6:50am Sep 10, 2009 6:50am
Quoting Bull_Bear
AND when it breaks, it will break with a force.... She's loading her barrels

I'm hanging long now
great call. i'll get in when resistance becomes support. check the gj wedge.
  • #164,571
  • Sep 10, 2009 6:53am Sep 10, 2009 6:53am
Quoting Bull_Bear
There she goes... say bye bye 1.6600... 1.6680 here we come

also its 61fib of the whole down move so far from 1.704x and daily R2
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,572
  • Sep 10, 2009 6:53am Sep 10, 2009 6:53am
Quoting esemes
assalamualikum..!
Itz saify... Brother do you read the 175b asset purchases are same...
So what you think technically itz imm res...?

market totally following the charts and big boys
  • #164,573
  • Sep 10, 2009 6:53am Sep 10, 2009 6:53am
Quoting KillPhil08
great call. i'll get in when resistance becomes support. check the gj wedge.

Dragon is dragging its tail.... disappointing, expected more of a explosive move in dragon, but am happy with the greens.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,574
  • Sep 10, 2009 6:54am Sep 10, 2009 6:54am
Quoting gammase1
Hey Navin,

Prior to the BOE announcement, the market was pricing a roughly 30% chance of a change being made to either the QE programme or the rate of interest that the BOE pays to commercial banks on reserves that are lodged with them.

Now, as we have seen no change to the Bank Rate, QE or rates paid on reserves, the market is enjoying a relief rally.

6600 still remains a KEY level.

Good luck.
thanks paul u too
  • #164,575
  • Sep 10, 2009 6:55am Sep 10, 2009 6:55am
Quoting gammase1
Hey Navin,

Prior to the BOE announcement, the market was pricing a roughly 30% chance of a change being made to either the QE programme or the rate of interest that the BOE pays to commercial banks on reserves that are lodged with them.

Now, as we have seen no change to the Bank Rate, QE or rates paid on reserves, the market is enjoying a relief rally.

6600 still remains a KEY level.

Good luck.
A true Fundamentalist
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,576
  • Sep 10, 2009 6:57am Sep 10, 2009 6:57am
Quoting djambazov84
also its 61fib of the whole down move so far from 1.704x and daily R2
Spot on
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,577
  • Sep 10, 2009 6:57am Sep 10, 2009 6:57am
It's either bye bye bulls or bye bye worm now.
Thank You
  • #164,578
  • Sep 10, 2009 6:59am Sep 10, 2009 6:59am
Pls does anyone really understand what happened with the BOE today? i figure there was no major change so why the huge spike?

appreciate some answers.
  • #164,579
  • Sep 10, 2009 6:59am Sep 10, 2009 6:59am
Quoting wormboy
It's either bye bye bulls or bye bye worm now.
i am seeing a h4 bear divergence so hang on till 1.6660-80 if price closes above 1.67 look to buy dips till 1.70xx
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,580
  • Sep 10, 2009 7:01am Sep 10, 2009 7:01am
market waiting for another data

volume dropped either could be a bull trap.

After data might be going down.
1,009 traders viewing now