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Cable Update (GBPUSD)

  • #187,401
  • Dec 14, 2009 12:10am Dec 14, 2009 12:10am
Quoting Ronin77
i will take a short at 1.6335 if we get there
Take note of my trade calls. I have shorted at 1.6305 stop loss at 1.6360 and take profit at 1.6236

take note what I said on friday. What I said came to pass that very day. Today would be very bearish. We shall test the lows of today once again after a strong price consolidation aroun 1.6236

Bulls should be careful all the time frames are in a bearish mode. However, trade what you see. Your eyes are the best indicator.

check out a the bearish divergence that is forming on the stochastic of the 5 minutebear

Mark my word.
  • #187,402
  • Dec 14, 2009 12:18am Dec 14, 2009 12:18am
Yup i see only short trades on rsi
  • #187,403
  • Dec 14, 2009 12:21am Dec 14, 2009 12:21am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting uncletrumpet
Take note of my trade calls. I have shorted at 1.6305 stop loss at 1.6360 and take profit at 1.6236

take note what I said on friday. What I said came to pass that very day. Today would be very bearish. We shall test the lows of today once again after a strong price consolidation aroun 1.6236

Bulls should be careful all the time frames are in a bearish mode. However, trade what you see. Your eyes are the best indicator.

check out a the bearish divergence that is forming on the stochastic of the 5 minutebear

Mark my word.
it was quite a strong move. you dont think thats going to scare a couple of bears?

you dont expect this dubai news to have a lasting effect? - which if someone could point me to the direction that would explain why its having such a negative impact on the dollar i would appreciate it much.
  • #187,404
  • Dec 14, 2009 12:21am Dec 14, 2009 12:21am
Anybody else expecting a major drop coming soon?
  • #187,405
  • Dec 14, 2009 12:26am Dec 14, 2009 12:26am
it's start to drop now i think
  • #187,406
  • Dec 14, 2009 12:28am Dec 14, 2009 12:28am
Quoting Arya323
Anybody else expecting a major drop coming soon?
Well, it's consolidating between 1.6320 and 1.620, so below 1.62 , yea
  • #187,407
  • Dec 14, 2009 12:32am Dec 14, 2009 12:32am
Quoting Arya323
Anybody else expecting a major drop coming soon?
16190 has held out very well over the past few days so i arent sure we are in for a big fall, unless some news takes us down

still seems range bound to me
  • #187,408
  • Dec 14, 2009 12:39am Dec 14, 2009 12:39am
This move up may be to take out the stops above after weekend.

Still got the short feel. If H4 closes below big number and is red, then I'll consider a short trade.
  • #187,409
  • Dec 14, 2009 12:43am Dec 14, 2009 12:43am
Quoting Clouds
Well, it's consolidating between 1.6320 and 1.620, so below 1.62 , yea
Went short at 6310 and liquid at 6292. Looking to go short again.
  • #187,410
  • Dec 14, 2009 12:50am Dec 14, 2009 12:50am
This was a NICE LONG bounce on Cable since aussie and asian open..

6200 and a even a late close of 6300.... EASY. If only they could all be that way!!!


.......

However USD is has been bucking. I am DOUBTFUL at BEST of it even reaching .80 yet even coming close to blowing through it.

Pound and Euro have been high. Yet CABLE was 2 to 1 not so long ago.

TPTB (The powers that be) do NOT want too strong of a dollar b/c a weaker USD and JPY are GOOD for EXPORTS which in turn PRODUCE G D P.
Hence U/J fall.... HMMM What about U/CHF??? Short from open closed. Sorry to post late.... THIS USD uptrend is cramping me up a bit.. I have Made a
bunch of calls to my own account and I will admit that.

Everything made up for tonight.

Do NOT forget about fundies.... The charts tell all, BUT an entry in the dark via charts spells disaster..... STRONg support @ 6200

WE WILL SEE.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,411
  • Edited 1:08am Dec 14, 2009 12:57am | Edited 1:08am
Buy at 6250 Tp 6340 sl 6185
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #187,412
  • Dec 14, 2009 12:59am Dec 14, 2009 12:59am
Quoting XTrade
Pound and Euro have been high. Yet CABLE was 2 to 1 not so long ago.
WE WILL SEE.
Well, Yeah, Cable was 2:1, and that took 7 years. if the trend has truly reversed then over the next 7 years then Cable could be at .75.

Trends never last forever, and 7 years is a long time..

But you're right, we'll see...
  • #187,413
  • Edited 1:26am Dec 14, 2009 1:08am | Edited 1:26am
We will...
I am not saying CABLE will go back to 2:1.

By any MEANS.. Gold was also 350 USD in 99 and just hit 1220.
so what better read of the USD is that...?

This is far from a reversal in my eyes...

USD WILL Not break .80 any time soon. IF IT DOES! I am an a$$

However!

Just like GOLD and other commods / stox / indicies = DOW Nikkei etc. there is a time when the correlation of trend comes to pass.

NO?

Things DE CORRELATE. Banks are buying pounds at discount rates. selling higher. Yes Wormie and MalcomB may be right about sub .6000
I do not see 5300 this coming year.

YET if the charts and NEWS show it I will be short pound ALL the way! Then Long.. USD may rally... But a rally to bring
cable to sub 5000 is unlikely. At least in my eyes. Remember economies and jobs turn around as well, just the same in UK as in US.
All I se here is people on unemployment and looking for a job they just lost... NOT USD positive.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,414
  • Dec 14, 2009 1:19am Dec 14, 2009 1:19am
It it stayed in this sideways daily motion forever. I am making good pips here.
  • #187,415
  • Dec 14, 2009 1:21am Dec 14, 2009 1:21am
what makes this sudden down move?
think want to buy lol
  • #187,416
  • Dec 14, 2009 1:30am Dec 14, 2009 1:30am
It will likely range until news or another move on USD.
Some took shorts on DXY.

For me in FX,
Entry is KEY. TA helps entry and fundies tell you the rest. News and simple assertions about one nations economy CANNOT be ignored.


Quoting Ctic
It it stayed in this sideways daily motion forever. I am making good pips here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,417
  • Dec 14, 2009 1:31am Dec 14, 2009 1:31am
Quoting B@by trader
what makes this sudden down move?
think want to buy lol
i also would like to know the reason behind the sudden drop.

i am currently shorting from 1.62415 with a TP 1.61972 SL 1.62807
  • #187,418
  • Dec 14, 2009 1:32am Dec 14, 2009 1:32am
Currencies work in PAIRS.

CABLE = GBP / USD

LONG is buying cable / while selling USD.

SO,
WHEN USD is UP GBP is down.



Quoting B@by trader
what makes this sudden down move?
think want to buy lol
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,419
  • Dec 14, 2009 1:32am Dec 14, 2009 1:32am
Quoting B@by trader
what makes this sudden down move?
think want to buy lol
Look at your daily chart candles. It has been going sideways. Each high is lower than the previous days. The lows are lower but not by much. We have 4 doji's in a row because of the major fib line we are at.
  • #187,420
  • Dec 14, 2009 1:35am Dec 14, 2009 1:35am
Quoting B@by trader
what makes this sudden down move?
think want to buy lol
maybe Dubai refused Abu Dhabi 's help..
Patience + Discipline =
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