Cable Update (GBPUSD) | Page 8459 | 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)

  • #169,161
  • Sep 24, 2009 7:43pm Sep 24, 2009 7:43pm
by the way thats what king wanted the as h
  • #169,162
  • Sep 24, 2009 7:48pm Sep 24, 2009 7:48pm
Quoting XTrade
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.
Maybe, maybe not.
Only thing that comforts the long positions is the small support from the 22nd to the 26th of May which is holding up. Other than that there isn't anything else that could stop cable from tanking deeper, except if you're gonna trade with the notion that cable had done a 400 and it MUST retrace. Complete rubbish to think that way btw.
That being said I am long off 5917 with a tight stop @5890 basing the trade off the support & the over 200+ pips hedge on euro to cushion the blow. It's a gamble on my part, but since I can't lose anyway, why not

Okay be back london session. Good luck to you sir
Thank You
  • #169,163
  • Sep 24, 2009 7:54pm Sep 24, 2009 7:54pm
Thanks WB. I see your Target got hit too. Nice to see we're on the same page here, dispite what happened some weeks ago.

Trade well.

Quoting wormboy
lol he's still around? someone said I'm gonna need a loan not too long ago .. how about some humble pie
PM Me If You Need Help!
  • #169,164
  • Sep 24, 2009 7:57pm Sep 24, 2009 7:57pm
I find the formation of the H1 bars to be great education with this type of PA - watching how the bars form in the last few minutes and first few minutes of the opening bar can build good understanding to reading candlestick formations and how important that is to the overall trend.
  • #169,165
  • Sep 24, 2009 7:58pm Sep 24, 2009 7:58pm
Yes, but don't rule out the pullback from around 1.57915 / 1.57389, back to 1.60 levels before it head back to test lower levels. To assume 1.47 ish levels is too early to say.

Trade well.

Quoting Piters
we still could see a 1.47 before we break1.465 level...
PM Me If You Need Help!
  • #169,166
  • Sep 24, 2009 7:59pm Sep 24, 2009 7:59pm
yet being the operative word?

Don't let your emotions get in the way just cos you don't like me. Or you will blow out your account.

Quoting malcolmb14
who gives a shit ..

btw I have not blown up my account yet ....
PM Me If You Need Help!
  • #169,167
  • Sep 24, 2009 8:03pm Sep 24, 2009 8:03pm
Quoting BobHall
yet being the operative word?

Don't let your emotions get in the way just cos you don't like me. Or you will blow out your account.
I trade like a robot ... manage the risk . That is what it is all about right....

nostly i day trade , but last 2 weeks have been trying a bit more swing trading as was getting frustrated missing out on a few hundred pi moves

DJ and I have been doing very well on gu
Blogging daily now at www.volume.zone
  • #169,168
  • Sep 24, 2009 8:05pm Sep 24, 2009 8:05pm
why is he back ?
  • #169,169
  • Sep 24, 2009 8:08pm Sep 24, 2009 8:08pm
Bahhhhh,

Went with wife to store and I miss it all AGAIN!!!!!

Que
Que
  • #169,170
  • Sep 24, 2009 8:08pm Sep 24, 2009 8:08pm
Quoting trabagwe
why is he back ?
To hunt you, joke...
What a boring personnage!
  • #169,171
  • Sep 24, 2009 8:11pm Sep 24, 2009 8:11pm
Quoting wormboy
Maybe, maybe not.
Only thing that comforts the long positions is the small support from the 22nd to the 26th of May which is holding up. Other than that there isn't anything else that could stop cable from tanking deeper, ............but since I can't lose anyway, why not

Okay be back london session. Good luck to you sir
TRUE!!! I agree, on M1 support has formed resistance. I took the short and was out with 8 pips. Getting a bit hairy. I see cable Tanking more. When the resistance breakout will occur... I don't know at this point! Thinking LDN
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,172
  • Sep 24, 2009 8:13pm Sep 24, 2009 8:13pm
Quoting Inzider
To hunt you, joke...
What a boring personnage!
he is just mean maybe bipolar
  • #169,173
  • Sep 24, 2009 8:14pm Sep 24, 2009 8:14pm
Quoting Que
Bahhhhh,

Went with wife to store and I miss it all AGAIN!!!!!

Que
No worries. More BIG pips to come.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,174
  • Sep 24, 2009 8:19pm Sep 24, 2009 8:19pm
Quoting trabagwe
he is just mean maybe bipolar
When you are a hater, there's always something in your life or yourself that you hate, so you return your pain at others.

Childish...

----------

Btw, I took the 29, SL 00, if not I'll get in only at 1.5771 when we'll get there. If you are interrested....

I know it make a bunch of pips in between but since we done 500 already, i'm not in the feeling of any short even if we drop more.

take care!
  • #169,175
  • Sep 24, 2009 8:19pm Sep 24, 2009 8:19pm
all those who shorted this thing earlier made some serious pips.
  • #169,176
  • Sep 24, 2009 8:21pm Sep 24, 2009 8:21pm
thank's
  • #169,177
  • Edited 8:44pm Sep 24, 2009 8:24pm | Edited 8:44pm
Quoting sed34
all those who shorted this thing earlier made some serious pips.
Yes, they were serious! Following this for a bit know, well deserved!

Ask WB! Also, cable is Dying to break new support * @ 5920. Firm resistance, short term, established @ 5939 area.

If so retrace in Asian session. If not I am leaning towards LDN for serious retracement. BUT, in EST 3:00 AM is a long ways away...

Position=flat.

Great trading to you all!

* We are going one way fellas!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,178
  • Sep 24, 2009 9:07pm Sep 24, 2009 9:07pm
Quoting Que
Bahhhhh,

Went with wife to store and I miss it all AGAIN!!!!!

Que

... normally US Session makes TREND .... so if you see strong trend while US session you can try to hold position until tomorrow or couple of days depend on how strong the trend is ....

wish all good trades ....
  • #169,179
  • Sep 24, 2009 9:14pm Sep 24, 2009 9:14pm
157.50 is the BIG # boys and gals
Attached Image (click to enlarge)
Click to Enlarge Name: baboo.gif Size: 35 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #169,180
  • Sep 24, 2009 9:26pm Sep 24, 2009 9:26pm
Quoting dogol
... normally US Session makes TREND .... so if you see strong trend while US session you can try to hold position until tomorrow or couple of days depend on how strong the trend is ....
Given this lightning quick and sensitive PA, & all the news occurring lately plus the G20, holding over the weekend could see you with a huge gap on reopen. Plus, you could have a SL trigger at some point, or, you could lose out on a TP - if you do hold over the weekend, your best bet is removing those settings, as long as you can be there when your broker reopens on Sunday night.
295 traders viewing now