Cable Update (GBPUSD) | Page 9378 | 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)

  • #187,541
  • Dec 14, 2009 11:47pm Dec 14, 2009 11:47pm
Here is the hourly where I see cable touching the top of a triangle.

Hoping the tank will push this to 220.
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 23 KB
  • #187,542
  • Dec 14, 2009 11:55pm Dec 14, 2009 11:55pm
I have been babysitting a long for 24+ hours, the last 8 or so of which was like watching paint dry as you all know, and now this drop? No news. My sources said it was going up so I held on. If it is going back up looks like another long night/morning of no sleep. Sorry for the rant; I'm just exhausted and tired.

PLEASE go back up!
  • #187,543
  • Dec 15, 2009 12:05am Dec 15, 2009 12:05am
Quoting stantony1
Here is the hourly where I see cable touching the top of a triangle.

Hoping the tank will push this to 220.
Cable trade is in for plus 20. Sold half position, stops to break even, let it ride...

Few pips positive on the Eur/GBP, the tank as I refer it as... is a few pips in. Lets see it go plus 15 to bring the stop to break even.
  • #187,544
  • Dec 15, 2009 12:10am Dec 15, 2009 12:10am
GREAT!! Agreed! I love watching M30 - do not trust M1 only for entry... if that.. usually use M5

We are bouncing off support. Volume seems low and growing.
Considering small long on AUD.USD.

I suppose this would be a scalp
long Cable from 6287 TP 6310 Close if breaks EDIT: 6275

edit : BTW: Fibre breaking up off support . I used to love cable fibre tight correlation...

Quoting fourxtrader
[color=blue][i]Here's what I'm watching... the 30m is approaching compression. Always better to start with the highest time frames for the greatest energy but they always take longer to mature....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,545
  • Dec 15, 2009 12:12am Dec 15, 2009 12:12am
Quoting stantony1
Here is the hourly where I see cable touching the top of a triangle.

Hoping the tank will push this to 220.
If anyone is interested why I took this trade.... short at 307...

1: top of triangle resistance
2: pivot line at 309= resistance again
3: triangle is supposed to exit below since it came from above.
4: Stoch overbought
5: MACD fast crossed through the slow above the bars...

and then further support by a bounce in Eur/GBP... plus the risk/reward is way is greater than 2X profit for the risk involved.

That was a lot of positive confidence that this trade "should" work..
  • #187,546
  • Edited 12:32am Dec 15, 2009 12:12am | Edited 12:32am
We are at bottom of range which is currently about 50 pips. She will go back up. Why not just tp then long again if you see confirmation for your style??

EDIT: ALWAYS ADD but this IS FX so do we EVER really KNOW???!

Quoting CrestedMom
I have been babysitting a long for 24+ hours, the last 8 or so of which was like watching paint dry as you all know, and now this drop? No news. My sources said it was going up so I held on. If it is going back up looks like another long night/morning of no sleep. Sorry for the rant; I'm just exhausted and tired.

PLEASE go back up!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,547
  • Dec 15, 2009 12:18am Dec 15, 2009 12:18am
Because I'm running a hedging EA that's been hedging back and forth since Wednesday. I'm in profit but have given back about 3K that I'd like to recover. This is my first month doing this and I need the income so I'm just nervous. Sorry.
  • #187,548
  • Edited 12:31am Dec 15, 2009 12:19am | Edited 12:31am
Sell 1.6290 SL 1.6345 TP 1.6225
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #187,549
  • Dec 15, 2009 12:20am Dec 15, 2009 12:20am
Quoting saprasa
I think I have now matched the moves of GU (with a lag on H4) and USD index....according to this wierd correlation as depicted in the attached chart, GU should move lower to test the lower end of the range at 1.616 in the next 8 hrs. Following this we should see a period of consolidation for the next 24-28 hrs and then a break out on the upside.

As a test I have shorted GU at 1.6285 on my live account.
Great...I'm waiting for the break of the Daily PP @1.6275 and close of M15 candle below it to take a short trade at H1 TF. Also watch out for 3hr current ADR Low of 1.6242 and support 1.6225. Mkt will have to contend with those obstacles on it way to 1.6193 lower boundry of the ranging mkt (1.6323 - 1.6193) we have at the moment.

Saprasa,pls how can I get live chart of USDX...do you know any broker that has it on the mt4? I use Fxpro. I don't mind a pm reply. Thanks and Happy "piping"!!
  • #187,550
  • Dec 15, 2009 12:26am Dec 15, 2009 12:26am
Cable is preparing for a sell.

atheer1
atheer1
  • #187,551
  • Dec 15, 2009 12:26am Dec 15, 2009 12:26am
HI, first post here, monthly pivot is at 1.62719 ..FWIW.. so do we see a bounce off that?? cheers, JEAN
  • #187,552
  • Dec 15, 2009 12:32am Dec 15, 2009 12:32am
if cable failed back to 6310, I think bulls scenario will be over and we will see 6220 soon..
sell stop @6260 target 6220 ; SL=6290..
Patience + Discipline =
  • #187,553
  • Dec 15, 2009 12:34am Dec 15, 2009 12:34am
Perhaps some of tonight's Aussie and JPY market cable sell is due to hedging longs on Dragon with shorts on Cable...

Just a thought. Seems volume is being swapped BTween pairs. no firm direction.
Bounce on DX
edit: lets see if it breaks resistance. Doubtful, range continues.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,554
  • Dec 15, 2009 12:34am Dec 15, 2009 12:34am
Quoting stantony1
If anyone is interested why I took this trade.... short at 307...

1: top of triangle resistance
2: pivot line at 309= resistance again
3: triangle is supposed to exit below since it came from above.
4: Stoch overbought
5: MACD fast crossed through the slow above the bars...

and then further support by a bounce in Eur/GBP... plus the risk/reward is way is greater than 2X profit for the risk involved.

That was a lot of positive confidence that this trade "should" work..
More evidence. PSAR is going to move from bottom of bar to top of bar soon and it broke though 280 into 270s... Momentum is to the downside now.

30 pips in for cable. stops to +15 for profit protection.
4 pips in for Eur/GBP. stops to break even to protect today's profit.
  • #187,555
  • Dec 15, 2009 12:42am Dec 15, 2009 12:42am
Quoting XTrade
We are at bottom of range which is currently about 50 pips. .. !
Bottom of a range...with respect to which Time Frame? I see us closer to the top on H1 TF. Xtrade pls cheeck!
  • #187,556
  • Dec 15, 2009 12:47am Dec 15, 2009 12:47am
Broco trader had it last time I looked


Quoting jeffokes

Saprasa,pls how can I get live chart of USDX...do you know any broker that has it on the mt4? I use Fxpro. I don't mind a pm reply. Thanks and Happy "piping"!!
  • #187,557
  • Dec 15, 2009 12:51am Dec 15, 2009 12:51am
1.63 could be viewed as a place to buy dollars, for the start of a long downtrend of GU, those that say it's gonna go up 300-400 pips then down 2000 pips, i mean come on. you either jump on train or forget about it.
just my opinion.....
  • #187,558
  • Dec 15, 2009 12:56am Dec 15, 2009 12:56am
This is like watching paint dry
  • #187,559
  • Dec 15, 2009 12:57am Dec 15, 2009 12:57am
Quoting jeffokes
Great...I'm waiting for the break of the Daily PP @1.6275 and close of M15 candle below it to take a short trade at H1 TF. Also watch out for 3hr current ADR Low of 1.6242 and support 1.6225. Mkt will have to contend with those obstacles on it way to 1.6193 lower boundry of the ranging mkt (1.6323 - 1.6193) we have at the moment.

Saprasa,pls how can I get live chart of USDX...do you know any broker that has it on the mt4? I use Fxpro. I don't mind a pm reply. Thanks and Happy "piping"!!
Jeffokes, I too use fxpro.. no usd index there...I have a Reuters professional connection from where I get all realtime charts and do these analysis....maybe someone at FF can help with it.
  • #187,560
  • Edited 1:16am Dec 15, 2009 1:06am | Edited 1:16am
GREAT Question!

I look at range from M30 thru M5. Identify support and resistance, Then Further back to H4. Depending on how long the range is,
this is a small I range I was looking at for tonight and yesterday.. Then apply apply the necessary chart used for the amount of days we are in range.... Range "ranges" predictable range is at least a bit scalpable.
M1 is entry, IMO.

Sorry, for late resposnse...! EDIT: so If you sold the top on M1?

M1 is only valuable if the HIGHER TFs are studied prior. Otherwise the wrong or worng side of many trades can be taken.

Now I have to look at M1 to see the breakout..
YET WE STILL NEED TO BREAK RESISTANCE!

from old post:
We are EXPLODING LONGS RIGHT NOW!!!
WOW!


Quoting jeffokes
Bottom of a range...with respect to which Time Frame? I see us closer to the top on H1 TF. Xtrade pls cheeck!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
278 traders viewing now, 2 are registered:
,