Cable Update (GBPUSD) | Page 9607 | 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)

  • #192,121
  • Jan 11, 2010 10:48am Jan 11, 2010 10:48am
Quoting fourxtrader
You're making some good calls.

Care to share a fibo chart or two to
illustrate your posts?

Takes a bit of effort but will help so many.

Thanks,

Dr. D.
sure. how do I get it up? using mt4 and a mac.
A. Finesse Williams Making Millions One Pip At A Time!
  • #192,122
  • Jan 11, 2010 10:53am Jan 11, 2010 10:53am
Good old cable. Tricky but not soooo tricky. See if 6108 area will hold now and then back north.
  • #192,123
  • Jan 11, 2010 10:59am Jan 11, 2010 10:59am
Quoting slick 60
Good old cable. Tricky but not soooo tricky. See if 6108 area will hold now and then back north.
i'm back from my nap, cable is tricky. didn't think it would go up to 1.6175+ area, but it did.

what's next 1.6111 test?
  • #192,124
  • Jan 11, 2010 11:17am Jan 11, 2010 11:17am
Quoting aswilled
sure. how do I get it up? using mt4 and a mac.

Here's what I do using a PC (Windows)... but I know there are those here more accomplished with this process who might answer.

I select my chart on the screen and if I zoom out (-) to reduce the size of the candles or bars (for more chart in a smaller space) and 'restore down' to partially minimize the size on the screen there seems to be more clarity so that we the reader can see more clearly the fibo numbers and price line.

I've found that a 1/3 - 1/4 size chart of the full monitor size works best for copying and pasting here.

With this selected chart I right click on it to bring up "save as picture"... click on it "OK" to save, and in the template screen that appears give it a file name. Remember the title / name.

Then in your message as you 'reply to thread' from a "QUOTE" or "POST REPLY"... left click on "ATTACHMENTS" above the message area. Left click "BROWSE".... find from the TEMPLATE list your saved file name. Left click on it and and then click "OPEN". Then click "UPLOAD" on the "Manage Attachment" screen.

Finish your post and click "SUBMIT REPLY".

Some one will no doubt offer a way that only requires 2 key strokes rather than my 20. LOL

Hope this helps.

Dr. D.
  • #192,125
  • Jan 11, 2010 11:22am Jan 11, 2010 11:22am
Watch what happens when all the EMA's converge
and compress tightly together (on any TF) like we're
see live on this 1m chart. Explosive movements one
way or another first until a direction is established then
usually some good pips to follow.

Dr. D.
Attached Image
  • #192,126
  • Jan 11, 2010 11:41am Jan 11, 2010 11:41am
Today's surge in the currencies and downturn in USD is because of China announced a surge in their GDP and export by 9+% in the past year...

Well, you cannot believe the chinese GDP statistics, its most probably highly manipulated and inaccurate...

By tomorrow, all the currencies most likely would drop to the pre chinese announcement levels and resume the normal trends...Hence, be careful

Todays surge in the currencies are opportunities to short at higher prices
  • #192,127
  • Jan 11, 2010 11:46am Jan 11, 2010 11:46am
Quoting Jassim
Today's surge in the currencies and downturn in USD is because of China announced a surge in their GDP and export by 9+% in the past year...

Well, you cannot believe the chinese GDP statistics, its most probably highly manipulated and inaccurate...

By tomorrow, all the currencies most likely would drop to the pre chinese announcement levels and resume the normal trends...Hence, be careful

Todays surge in the currencies are opportunities to short at higher prices
It's called chineese economics, which is highly manipulated and inaccurate.
  • #192,128
  • Jan 11, 2010 11:49am Jan 11, 2010 11:49am
The Dollar is back to the Pre-Chinese Announcement price levels , Now the party will begin... Where is my Shorts

I think that the braodcaster in Chinese media television tripped over a noodle while he was announcing the Chinese GDP
  • #192,129
  • Jan 11, 2010 12:12pm Jan 11, 2010 12:12pm
No professional activity at this time to want to turn this back up. Still a bit more to go on the downside.
  • #192,130
  • Jan 11, 2010 12:19pm Jan 11, 2010 12:19pm
Those are alot of MA's. Which ones are you using?

Quoting fourxtrader
Watch what happens when all the EMA's converge
and compress tightly together (on any TF) like we're
see live on this 1m chart. Explosive movements one
way or another first until a direction is established then
usually some good pips to follow.

Dr. D.
  • #192,131
  • Jan 11, 2010 12:19pm Jan 11, 2010 12:19pm
What do you guys think now, what is the next stop

I had my short at 1.6175, shall I TP now? I really think it wil go down to cover the Gaps at 1.602xx
  • #192,132
  • Jan 11, 2010 12:22pm Jan 11, 2010 12:22pm
Quoting Jassim
What do you guys think now, what is the next stop
if it breaks thru 6111 then it will go to 6090 area, but there is no momentum atm.
  • #192,133
  • Jan 11, 2010 12:31pm Jan 11, 2010 12:31pm
Quoting kilalik
if it breaks thru 6111 then it will go to 6090 area, but there is no momentum atm.
Now its at 1.6111
  • #192,134
  • Jan 11, 2010 12:31pm Jan 11, 2010 12:31pm
Quoting Jassim
What do you guys think now, what is the next stop

I had my short at 1.6175, shall I TP now? I really think it wil go down to cover the Gaps at 1.602xx

I'm short @ 1.6175 as well and i'm targeting 1.6080....and why not a deep toward 1.6050..
need to see PA and vol at this area
COT: The precious data ignored
  • #192,135
  • Jan 11, 2010 12:32pm Jan 11, 2010 12:32pm
Watch for a reaction at this level now. May turn back north
  • #192,136
  • Jan 11, 2010 12:34pm Jan 11, 2010 12:34pm
Quoting slick 60
Watch for a reaction at this level now. May turn back north
Yes it might do a range re-bound, if it breaks out of this range, then its going south...Therefore,,,, Deal or No Deal ?

I would say so NO DEAL...I am staying put on my SHORT... There is no way Dollar is going to head back south....we are in for a solid downturn on Gu Based on my MASS PSYCHOLOGY Forecast
  • #192,137
  • Jan 11, 2010 12:36pm Jan 11, 2010 12:36pm
Quoting Jassim
Yes it might do a range re-bound, if it breaks out of this range, then its going south...Therefore,,,, Deal or No Deal ?
I added more pips +25 and waiting for rebound to low 20's to short again
  • #192,138
  • Jan 11, 2010 12:47pm Jan 11, 2010 12:47pm
at this slow pace next level to be tested is 6100, then another rebound to 6115+, and then 1 more drop to test 6100 and lower.

I hope i'm right! cuz i'm taking more profits from 6120

The cross is the reason for this bearish moves on cable, if look at the 15 min EUR/GBP u will see correlation with recent gains of the USD over EUR and GBP.
  • #192,139
  • Jan 11, 2010 12:47pm Jan 11, 2010 12:47pm
DT on h1
Attached Image (click to enlarge)
Click to Enlarge Name: h1cable.gif Size: 15 KB
  • #192,140
  • Jan 11, 2010 12:55pm Jan 11, 2010 12:55pm
if the prices dont go up, Gu daily candle might end up making a perfect inverted hammer...which means , 200 -300 pips down, easily
307 traders viewing now, 2 are registered:
Jewel1996
,