Cable Update (GBPUSD) | Page 8817 | 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)

  • #176,321
  • Oct 14, 2009 3:54pm Oct 14, 2009 3:54pm
anyone thinks the downward trendline will hold, or we gonna see a retest of 6123?
  • #176,322
  • Oct 14, 2009 3:57pm Oct 14, 2009 3:57pm
Quoting Ifty
Nice one. I cannot see EU going back to its high as all of our economies are still screwed and all these so called rallies are totally false. These are thanks to the big boys trying to get back the millions they lost back in oct 08. Like you have said lets see how it all develops.
I'm not much of a fundie, so I really can't comment on your sentiment regarding our current economic situation.
I am however slowly building my euro short position based on this:
http://www.forexfactory.com/showpost...postcount=3361

I can wait. I got nothing but time and money lol
Thank You
  • #176,323
  • Oct 14, 2009 4:06pm Oct 14, 2009 4:06pm
Price is between the goal posts.
  • #176,324
  • Oct 14, 2009 4:23pm Oct 14, 2009 4:23pm
Quoting Ifty
ASW bro. I am thinking on the lines of GU which went from its high of 2.10 but couldn't even manage to hold 1.70 and is now sitting on 1.59. EU has been at 1.60 and is only just over 1000 pips away so I am hoping for it to drop like GU. Anyway my guess is as good as yours. Lets make sure of our MM on each trade to keep safe. GL.
Wsalam,

Yeh i am hoping big move south. But i dont see enough momentum today. I expect another spike over 1.60. or more as price stalling just below UTL allowing more and more shorts hence a spike over 60 or 1.61 area could not be ruled out there are stop over 1.6030 area if we head north then i see 1.6160 monthly pivot as major resistence level as I see more sellers 1.6120 area it was previous UTL and also stops around 6130 to 6170. so 6170 is needed to take out all short stops before fall but hope we fall from here.
  • #176,325
  • Oct 14, 2009 4:31pm Oct 14, 2009 4:31pm
Since 2pm ET euro is going up on declining volume....maybe it will have some effect on PA....
Probably there is something that we dont know....yet....
The Market pays you to be disciplined
  • #176,326
  • Oct 14, 2009 4:43pm Oct 14, 2009 4:43pm
Heavy Bouts of Buy Orders Sweeping Up The Offers

I'm Continuing to carry longs from 1.5712 and 1.5821


Cya @ LDN
Hear the music before the song is over ...
  • #176,327
  • Oct 14, 2009 4:51pm Oct 14, 2009 4:51pm
I put a short in at the 1.6000 level. I think it's heading back down.
  • #176,328
  • Oct 14, 2009 4:56pm Oct 14, 2009 4:56pm
Quoting GlobalMacro
Heavy Bouts of Buy Orders Sweeping Up The Offers

I'm Continuing to carry longs from 1.5712 and 1.5821


Cya @ LDN

what is your TP
  • #176,329
  • Oct 14, 2009 4:58pm Oct 14, 2009 4:58pm
Quoting SkyzerFX
Great looking pin right there on EU
Still new to reading candles. What does a "pin" indicate?

Thanks!
  • #176,330
  • Oct 14, 2009 5:01pm Oct 14, 2009 5:01pm
Quote
Originally Posted by egkid
My sys got long signal @1.5790 "Green arrow on my chart"
As i said we going to 1.6040 from there if still strong.... we could see 1.6177
For me waiting to short because i lost entry for long so my rule no chase wait for short

Quoting egkid
Still waiting not short yet
Watching the level i mention still expecting up move
Still no sell order to me will check my map from this 2 level i mention above
  • #176,331
  • Oct 14, 2009 5:06pm Oct 14, 2009 5:06pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting rdhanani
Still new to reading candles. What does a "pin" indicate?

Thanks!
Its a lier.It tells you its pointing somewhere,its like the Pinochio nose, but it will go in the opposite direction because it lied.A good example would be daily move in the UJ chart(12/10/2009).A classic ambush way of trading.
cheers.
  • #176,332
  • Oct 14, 2009 5:11pm Oct 14, 2009 5:11pm
100 pips today with a 50K Volume, makes me $500 profit 1.4840 -> 1.4940 (after the high)
{Promotion Removed}
  • #176,333
  • Oct 14, 2009 5:22pm Oct 14, 2009 5:22pm
hi shorts
does this chart look familiar ?
1.64-1.6450 will be it for me to look for shorts for a big big down move
for now...hoping to catch a nice dip

sincere congrats to GM who caught the bottom of this daily retracement. I gave up on the 3rd attempt when it made the lower low and it reversed right there....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 70 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #176,334
  • Oct 14, 2009 5:24pm Oct 14, 2009 5:24pm
Quoting rdhanani
Still new to reading candles. What does a "pin" indicate?

Thanks!
Can be used as a change in trend or direction. Keeping in mind the direction, if price drops massively and then in the same time frame, gets bought back up, might mean that in that time frame we have reached a bottom, and time to head the other direction. Similar for tops. One last run for the sky and then fall like rain.

These can be used for minutes in relation to a 5m or 15m chart, or for the 5-15 in relation to the 30 and hour, or hourly/h4 in relation to the daily charts, and on and on and on and on....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #176,335
  • Oct 14, 2009 5:27pm Oct 14, 2009 5:27pm
Quoting djambazov84
hi shorts
does this chart look familiar ?
1.64-1.6450 will be it for me to look for shorts for a big big down move
for now...hoping to catch a nice dip

If we close above 1.6230 then i will not SHORT and will think again about 1.53!!
  • #176,336
  • Oct 14, 2009 5:42pm Oct 14, 2009 5:42pm
Quoting djambazov84
hi shorts
does this chart look familiar ?
1.64-1.6450 will be it for me to look for shorts for a big big down move
for now...hoping to catch a nice dip

sincere congrats to GM who caught the bottom of this daily retracement. I gave up on the 3rd attempt when it made the lower low and it reversed right there....
With the way this has been playing it is incredibly tough to call a top, but I am in agreement with you that we aren't looking south just yet. The 4 hour indicates we got a lot more room to move, and the daily tapped the 24Ma and bounce back, we are at a critical point as of current, but will assume the trend until it's time not to.

I have been anxiously waiting for a return back to the 1.63 area, so, watching and waiting for it.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #176,337
  • Oct 14, 2009 5:51pm Oct 14, 2009 5:51pm
Quoting Nimrod
Its a lier.It tells you its pointing somewhere,its like the Pinochio nose, but it will go in the opposite direction because it lied.A good example would be daily move in the UJ chart(12/10/2009).A classic ambush way of trading.
cheers.
Thanks Nimrod and Magix for the explanations!
  • #176,338
  • Oct 14, 2009 6:16pm Oct 14, 2009 6:16pm
Well it would seems this puppy is quite content to hang around the 6000 area for a while longer. This is good. The longer it hangs here, the harder it will fall....
Ghost Rider - WWTBMD?
  • #176,339
  • Oct 14, 2009 6:21pm Oct 14, 2009 6:21pm
Quoting Bull_Bear
http://www.forexfactory.com/showpost...stcount=176073

Closed remainder of dragon trade @ 143.06... + 45pips

Reversing short at 143.06... SL.. 143.90.. TP..141.50
Quoting Bull_Bear
Time to reverse to short... closed @ 1.5980 .... -40pips

Sell 1.5980... SL.. 1.6060.. TP.. open

Both positions got taken out at break even
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,340
  • Oct 14, 2009 6:23pm Oct 14, 2009 6:23pm
Long 1.6002.. SL.. 1.5920.. TP.. 1.6180
Veni, Vidi, Vici (We came, we saw, we conquered)
332 traders viewing now, 1 is registered:
Prosecuted