Cable Update (GBPUSD)

lol not too fast I hope mal. you need to pick me up first

who gives a shit ..

btw I have not blown up my account yet ....

What up WormB, did you check out Fibre!

1.5920 = 1.27 of last AB=CD on 4h chart and 1.618 of last move.

bought at 30

let's see!

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lol he's still around? someone said I'm gonna need a loan not too long ago .. how about some humble pie

Total banked between 2 trades, +77

Hey xtrade
Yup, hedged that against my cable long:
http://www.forexfactory.com/showpost...postcount=3087

All good at the mo
How's your trading?

1.5940 target reached

1.5940 is a bucket 110 days old! It's like a wine, better when it take age.
So, in short, peeps that hold profit from 110 days ago are now zeroed...

Yeah! Holding on profits?

Cool bro! Not bad, today was something else! All good.

Was surprised to see fibre spike so high, seems like they usually are correlated, then something like that happens! Lucky I caught some!

Tempted to short cable... Maybe retrace to .6000 area then short. Or stay out.

Tempted .. lol I know what you mean ... I want a ticket south too

I'm a little new and trying to improve . . .

Did anyone catch this move today, Sept 24th? I've been watching and trading the cable for 6 months and haven't seen too many moves like today. It was almost 1,000 pips.

If you caught the move, how did you do it? I caught some, 25pips.

I saw the gap down (1m charts), I guess after ECB members said a lower GBP is good. The price rebounded until about 8am EST and moved lower for 2 hours.

I got scared on a small retractment, fearing "weak dollar" as everyone talks about and closed my position. I guess that was silly because everything was falling (oil, gold, S&Ps).

Just in case you want to know - I trade using price action no indicators. 1m charts, 5 and 15 minutes to clarify trends.

salam hi all thats the cable crazy m f what u think guys

Long GU 1.5939, SL, 1.59.

I still think we are going further south on this train! Maybe not yet, but...

I know you don't like it but check out the M1. At the top the patterns were similar to what is forming now, then south, south again.
Perhaps LDN will be retrace? If it breaks up too much, that should be a signal up/ likewise down. I could be wrong.

wsalam. crazy yes, but this move does not come as a surprise really.

ist time to take a taxi and go upnorth or we have another dive

Very volatile and nervous trading in early Friday, Asia, with EUR/USD dipping on EUR/JPY, GBP/JPY sales, but up on back of EUR/GBP buying to fresh 6-month highs of 0.9193 from 0.9131 as Cable dives through key 1.6000 from 1.6015-20, all the way down to 4-month lows of 1.5917, before rebounding up to 1.5945-50, after waves of selling from US houses and UK clearers - what is seen as stoploss related selling, to its lowest level since June 8 lows of 1.5799. GBP/USD support at 1.5900, will not be surprised to see short-squeeze, profit-taking buying, pushing it back to 1.6000 handle again. Some focus on Fed Warsh comments on policy normalisation, more on next. EUR/USD back up at 1.4645.50, with talks of Asian, sovereign, real money demand on dips after fall from 1.4769 yest.WL


* 25 Sep 09: 00:10 GMT (SGA) - FX NOW! USD/JPY, GBP/JPY Flows - Cross/JPY, GBP/Cross, Nikkei sold; Fed Warsh on policy


Cable/Crosses, Cross/JPY under heavy selling pressure in early Asia Friday trading on stoploss, and risk aversion, after falls in global equities markets and selloff in Cable - on back of "helpful" comments form BoE Mervyn King. Nikkei now -2.14% in first 10-minutes of trading- does not bode well for rest of Asian markets. USD/JPY hit lows of 90.74, down from 91.25-30, as Cable/ Crosses dived, with Cable diving from 1.6015-20 down 1-big figure to 5-month lows of 1.5917, with some focus on Fed Warsh comments that policy may need to normalise before the need to take action is obvious - more on next. Cross/JPY under pressure. GBP/JPY dived to lows of 144.45-50, lowest in 4-months, down from 146.10-15, as Cable continue to fall sharply. Still hearing Japanese importers/ mega-city buying on dips at 90.50-70. Offers at 91.40-50. WL

sure bro and we might see 15800 if the dow dive south

That was a very surprising (never occurs) drop to the start of the Asia session. indicates sign of massive weakness that will likely be exploited again. But, I wonder if they'll let it retrace up to at least 1.60x, as the frequent H1 reversal bars in GU seem to be forming now. I noticed that GY smashed through Fib S2 (145.4), and practically bounced off of Fib S3 144.237. If GU were to follow, that means Fib S3 down at 1.579 would be tested before a retrace. But, I don't expect bearish London sentiment to take this up until next week. In short, I don't know.