Cable Update (GBPUSD) | Page 9568 | 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)

  • #191,341
  • Jan 7, 2010 5:27pm Jan 7, 2010 5:27pm
what is the next resistance?
  • #191,342
  • Jan 7, 2010 5:31pm Jan 7, 2010 5:31pm
Long still has not been confirmed by M15
  • #191,343
  • Jan 7, 2010 6:02pm Jan 7, 2010 6:02pm
short break on up ward movement at 5940
  • #191,344
  • Jan 7, 2010 6:13pm Jan 7, 2010 6:13pm
Heh...never saw this coming...

Currently at hourly resistance, as expected from hold of support on 30m chart. Resistance levels for further topside moves...but I have exited here and will sit out until next confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: res3.GIF Size: 73 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,345
  • Jan 7, 2010 6:22pm Jan 7, 2010 6:22pm
The gbp/usd chart will move downward to 1.5400 in the next 10 working days
  • #191,346
  • Jan 7, 2010 6:31pm Jan 7, 2010 6:31pm
Magix said in his post weed out the spam from emails NOT smoke weed.

GO study my earlier posting today and the classic inverted cup and handle

tomorrow NFP +50 k ... good news for usd... usd goes up .

NFP -250 k ... bad new for usd BUT also bad new for stock market ... stock market moves down USD become flight to ' safety' usd gets strogner .. win win

also will posts DX chart later... reasons in that that I think I ALREADY know the reaction to tomorrows news .... not the result but the reaction.

At this current time dx has had a low volume test followed by buyers on daily , will see what tomorrow brings BUT i expect USD to get stronger.

any way as mentioned earlier 1.6150 is key on the chart

check euro weekly .... we are under the close of last week almost. Tomorow will be the big day for decision if down trend is to resume.

Yes there may be a bounce off 1.5900 area , but 900 pip bounce .... doubt it

Quoting Shad
Nice Decision !


My Tp Will Be @ 1.6870 !


What About Yours...!?

Blogging daily now at www.volume.zone
  • #191,347
  • Jan 7, 2010 6:31pm Jan 7, 2010 6:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 53 KB



it's look like this morning GU will test again 1.5955 n support have 1.5832
but's if we use timeframe H4 n D1 GU look like downtrend till 1.56

have a great trade today guys
  • #191,348
  • Jan 7, 2010 6:35pm Jan 7, 2010 6:35pm
wedwed ....not sure how long you have been trading

note on risk management. if you want to keep your risk per trade to 1 % , and each one of the longs has stop of 1% , you actualy have 5% risk exposure on account as NFP will drive USD.

Quoting WedWed
LONG
EUR/USD 1.4283 - 1.4263
GBP/USD 1.5887 - 1.5861
AUD/USD 0.9138


SHORT
[color=#0000ff][b]USD/CHF [color=#ff0000][color=#ff0000][size=4]0.0377...
Blogging daily now at www.volume.zone
  • #191,349
  • Jan 7, 2010 6:41pm Jan 7, 2010 6:41pm
Quoting adewale
The gbp/usd chart will move downward to 1.5400 in the next 10 working days
What makes you so confirmed? George Soros?

Don't tell me how much you can earn. Tell me how much you may lose..
  • #191,350
  • Jan 7, 2010 6:42pm Jan 7, 2010 6:42pm
Quoting malcolmb14
Magix said in his post weed out the spam from emails NOT smoke weed.

GO study my earlier posting today and the classic inverted cup and handle

tomorrow NFP +50 k ... good news for usd... usd goes up .

NFP -250 k ... bad new for usd BUT also bad new for stock market ... stock market moves down USD become flight to ' safety' usd gets strogner .. win win

also will posts DX chart later... reasons in that that I think I ALREADY...
"tomorrow NFP +50 k ... good news for usd... usd goes up ." maybe as a knee-jerk reaction but then appetite for risk will also increase and dollar will fall as investors flee for better returns as they say...?
  • #191,351
  • Jan 7, 2010 6:45pm Jan 7, 2010 6:45pm
maybe I am to gu bearish ... but as far as I see this is a simple down ward channel unless 1.6150 is taken out...

of course day traders can trade both ways , but for position trades I am thinking wait for breakout of channel to go long and confirm trend reversal , or sell rallies at top of channel ..

tomorrow may be a very key day ....or maybe to much is being read into at and NFP was just an excuse to ' hold ' up the decline. The primary trend in gu and eu is down since end feb

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 26 KB
Blogging daily now at www.volume.zone
  • #191,352
  • Jan 7, 2010 6:47pm Jan 7, 2010 6:47pm
Quoting malcolmb14
maybe I am to gu bearish ... but as far as I see this is a simple down ward channel unless 1.6150 is taken out...

of course day traders can trade both ways , but for position trades I am thinking wait for breakout of channel to go long and confirm trend reversal , or sell rallies at top of channel ..

tomorrow may be a very key day ....or maybe to much is being read into at and NFP was just an excuse to ' hold ' up the decline. The primary trend in gu and eu is down since end feb

Attachment
Selling rallies at the top of the channel worked thus far.
  • #191,353
  • Jan 7, 2010 6:47pm Jan 7, 2010 6:47pm
Quoting skiffx
"tomorrow NFP +50 k ... good news for usd... usd goes up ." maybe as a knee-jerk reaction but then appetite for risk will also increase and dollar will fall as investors flee for better returns as they say...?

OR ..... markets are recovering and ' perception ' will be that they raise rates,

anyway it is all in the charts ... news is just designed to confuse us , get us in trades we should not be , trap us , get us out of positions etc etc. Without news trading would be boring
Blogging daily now at www.volume.zone
  • #191,354
  • Jan 7, 2010 6:51pm Jan 7, 2010 6:51pm
Quoting malcolmb14
Magix said in his post weed out the spam from emails NOT smoke weed.

GO study my earlier posting today and the classic inverted cup and handle

tomorrow NFP +50 k ... good news for usd... usd goes up .

NFP -250 k ... bad new for usd BUT also bad new for stock market ... stock market moves down USD become flight to ' safety' usd gets strogner .. win win

also will posts DX chart later... reasons in that that I think I ALREADY...
I'm with you. I think we will see the downtrend continue possibly to around the 1.5533 area before we see any real retrace on the daily TF. But there are a few levels of support before the 1.5533 level that price could find buyers at.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.jpg Size: 117 KB
  • #191,355
  • Jan 7, 2010 8:19pm Jan 7, 2010 8:19pm
long @ 1.5924 TP 1.6128, hope it will hit that.
  • #191,356
  • Jan 7, 2010 8:31pm Jan 7, 2010 8:31pm
Quoting GlobalMacro
Hi Slick,

thanks, glad you find my contributions useful...

Interesting analysis you got there yourself.

Would today's leg down count as completion of the base retest or do we need to probe even lower based on your analysis?
Hi GM
Today may have been the low for the move, however the action since 8:30am today has not really been impulsive to the upside. Cable is funny and it will stick in a low like this and then explode north. Right now at 9:30pm I am seeing on the 15 minute what appears to be a triangle of sorts which will require one more down leg to end this move. Like everyone here looking to NFP and what it does at that time if it has not tipped its' hand before. A sharp move down and retrace within candle will cause me to be a buyer for sure and start looking north. Like I keep harping on a low delta point is due in this time period anytime now. The next high is not due until around Jan 22 or so. Get on board and ride baby if we have confirmed low.
Sorry for the late post - got hung up on Skype
slick
  • #191,357
  • Jan 7, 2010 8:39pm Jan 7, 2010 8:39pm
Quoting proz
long @ 1.5924 TP 1.6128, hope it will hit that.
Givens how you never mentioned a stop loss...and being how we have lost support on the 30m chart...what is your exit strategy if this continues downward?
Attached Image (click to enlarge)
Click to Enlarge Name: nosup.GIF Size: 32 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,358
  • Jan 7, 2010 8:50pm Jan 7, 2010 8:50pm
Quoting Magix
Givens how you never mentioned a stop loss...and being how we have lost support on the 30m chart...what is your exit strategy if this continues downward?
SL 1.5900
  • #191,359
  • Jan 7, 2010 8:53pm Jan 7, 2010 8:53pm
Quoting proz
SL 1.5900
Always good to have a safety net
...

Just out of curiosity...why did you take long at that price?

And how? At that time, even assuming no spread...it doesn't seem to line up.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,360
  • Jan 7, 2010 9:04pm Jan 7, 2010 9:04pm
be carefull with the trap Guys..., hope you all safe this day...
I will be the number one Manager.
197 traders viewing now