Cable Update (GBPUSD) | Page 9700 | 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)

  • #193,981
  • Jan 18, 2010 7:39pm Jan 18, 2010 7:39pm
Quoting malcolmb14
longs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.

either
1) CPI is really really bad
2) Cadbury deal falls thru

I am waiting for the right time to sell this .... could be the last chance we get this year....

Think there are powerful interests supporting the GBP. Notice the nice bottom formation on the daily chart a year ago, the upmove and now the 5 month long triangle. If that triangle is one big bear trap then there is a powerful upmove coming

Attached Image (click to enlarge)
Click to Enlarge Name: gbp daily.gif Size: 22 KB
.
  • #193,982
  • Jan 18, 2010 7:42pm Jan 18, 2010 7:42pm
petar

euro monthly is much more interesting than weekly

I went back all the way to 1974 and have not seen one 900 pip down month that was reversed. The min down move is 2000 (1.3500) , max 6500

also last week we had a very strong basing pattern on the dx.... this is valid as long as 76.70 does not break

aslo attached weekly and daily set ups...

tomorrow i think will be overall critical day for usd pairs

The cadbury deal is to be completed tomorrow
CIT and IBM earnings are due tomorrow , CIT before market ibm after.
The DJ had a large down day Friday , it was option expiry so may have just been due to that. Looking at dj Fridays down day was on very high vol and oculd have been buying , weekly ended on an ultra high volume doji ( highest since May 2009). If we see follow thru in this tomorrow the weakness will appear in eu and gu much as it did Friday.

I am out of the market until tomorrow US , lots of time to make a few pips by the end of the week no matter what happens

Attached Image (click to enlarge)
Click to Enlarge Name: gud03.jpg Size: 132 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 144 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euw.jpg Size: 134 KB




Attached Image (click to enlarge)
Click to Enlarge Name: gud03.jpg Size: 132 KB


Quoting Petar_Serbia
i posted my chart yesterday EURUSD week on black dog system very good retrace and good up trend (blac arow confirm that trade)...I predict EURO wil make new high maybe this year and maybe next also GBPUSD will go up (coleration)


This is the chart >


Cheers
Blogging daily now at www.volume.zone
  • #193,983
  • Jan 18, 2010 7:43pm Jan 18, 2010 7:43pm
am not in any position right now its ma demo but looking for a short at this level 1.64XX
trend is ur girlfriend

Quoting Petar_Serbia
haha YOu agree becouse you are in sell position...

My advice my frined trade what you see and trade with the large trend..



Cheers
  • #193,984
  • Jan 18, 2010 7:47pm Jan 18, 2010 7:47pm
Quoting negro wolf
longing the cable

@ 1.63592

T.p 1ST = 1.64072

Good Luck to all

target hitted

no man ... but me
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #193,985
  • Jan 18, 2010 7:48pm Jan 18, 2010 7:48pm
its no surprise we see market as we would like it to be

In my opinion Cable is in the middle of nowhere - but thinking of intraday I will look for occasion to sell.
  • #193,986
  • Jan 18, 2010 8:06pm Jan 18, 2010 8:06pm
Quoting Ctic
That may be good move. I am not by my trading computers so I have no charts. Good news is my three long trades from Friday are history now. I set 125 pip tp's on each one.
Nicely done Sir!

I still been taking small rides with momentum. A little here, a little there.

I cannot complain.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193,987
  • Jan 18, 2010 8:06pm Jan 18, 2010 8:06pm
Quoting malcolmb14
petar

euro monthly is much more interesting than weekly

I went back all the way to 1974 and have not seen one 900 pip down month that was reversed. The min down move is 2000 (1.3500) , max 6500

also last week we had a very strong basing pattern on the dx.... this is valid as long as 76.70 does not break

aslo attached weekly and daily set ups...

tomorrow i think will be overall critical day for usd pairs

The cadbury deal is to be completed tomorrow
CIT and IBM earnings are due tomorrow , CIT before market ibm after.
The...
We will see my friend.Tomorow will be clrearly...




Cheers
"Buy on fear, sell on greed !!!
  • #193,988
  • Jan 18, 2010 8:19pm Jan 18, 2010 8:19pm
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
Always wanted to be the 194,000th post reply to a #1 post on a
3 1/2 yr old thread that again offers a question still of relevance.

Still, does anyone agree cable may go up to 1.9050 area?

Dr. D.
  • #193,989
  • Jan 18, 2010 8:23pm Jan 18, 2010 8:23pm
Quoting fourxtrader
Always wanted to be the 194,000th post reply to a #1 post on a
3 1/2 yr old thread that again offers a question still of relevance.

Still, does anyone agree cable may go up to 1.9050 area?

Dr. D.
Technically, I am, on the reply, you are on the post.

And Yes, Cable will be there most likely at the end of the month.
Attached Images
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193,990
  • Jan 18, 2010 8:31pm Jan 18, 2010 8:31pm
Quoting Magix
Technically, I am, on the reply, you are on the post.

And Yes, Cable will be there most likely at the end of the month.

Yes, but the end of which month and which year?

Dr. D.
  • #193,991
  • Jan 18, 2010 8:31pm Jan 18, 2010 8:31pm
Quoting fourxtrader
Always wanted to be the 194,000th post reply to a #1 post on a
3 1/2 yr old thread that again offers a question still of relevance.

Still, does anyone agree cable may go up to 1.9050 area?

Dr. D.
lol That's awesome man.
I dream, therefore I become.
  • #193,992
  • Jan 18, 2010 8:34pm Jan 18, 2010 8:34pm
Quoting Magix
Technically, I am, on the reply, you are on the post.

Guys...what are you doing.....
I will be the number one Manager.
  • #193,993
  • Jan 18, 2010 8:34pm Jan 18, 2010 8:34pm
Quoting fourxtrader
Yes, but the end of which month and which year?

Dr. D.
Mal says...
Quoting malcolmb14
Cadburys buy out is going to resolve ALL the global issues.
So, probably, this month, this year. If not by the end of this month, you may have to wait a little longer.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193,994
  • Jan 18, 2010 8:39pm Jan 18, 2010 8:39pm
sure ......... some day
Quoting Magix
Mal says...


So, probably, this month, this year. If not by the end of this month, you may have to wait a little longer.
  • #193,995
  • Jan 18, 2010 8:41pm Jan 18, 2010 8:41pm
Quoting fourxtrader
Yes, but the end of which month and which year?

Dr. D.
It may, but I definately do not think it will do it this month, or even next month. It is possible but pure fibonacci theory says it is unlikely. That would be going well past the 423 fib which is unusual. I do beleive that we will get there as I think eventually the USD will be worth less than a paper bag. But I think it may take several months or 1 year to get there. As always though, I will play it day by day.
  • #193,996
  • Jan 18, 2010 8:52pm Jan 18, 2010 8:52pm
Can human eye see this ???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPDaily.JPG Size: 106 KB
  • #193,997
  • Jan 18, 2010 9:12pm Jan 18, 2010 9:12pm
Thanks guys..I enjoy reading your analysis on the longer TF's. Longer TF trading just does not work for me, but here is my currentl thoughts.

1st, had another nice night trading and got an unexpected jump to the long side for 50 pips (usually a much smaller move for Asian market) plus a short at the top for 10 and prior to the run up, grabbed 20 pips in 2 seperate trades.

I agree that things look as they many continue up, but I will caution and remind you of last nights huge drop, and I am here to say it may happen again tonight.

I find that on the 1M chart if the 200 and 100 SMA are more then 10 or so pips apart, I would look for a pullback to bring those 2 SMA's closer together for more momentum to build. Last night I grabbed a quick few on the jump down, but did not stick around for what happened next.

If I were to be looking to trade right now, I would be looking for shorts as the 200 adn 100 SMA's are almost 20 pips apart and rarely does this distance relate to even a larger move in the making. At the very least a close below the 200 SMA, but they are really at an extreme distance tonight where as last night they were just over 10 pips and look what happened. A sell off to add more positions at a better price.

I am done trading for tonight, but wanted to give you my chart on the 1M.

Thanks again for all your long term talk and targets. Maybe someday I will get it, but for now I am content trading in a way that I do understand and believe or not it is the 1M chart.

Enjoy and green pips to all

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #193,998
  • Jan 18, 2010 9:16pm Jan 18, 2010 9:16pm
Quoting sohail212
Can human eye see this ???
yup... i see it clearly what is happening but not what will happen.
  • #193,999
  • Edited 9:48pm Jan 18, 2010 9:33pm | Edited 9:48pm
@GM, Petar Serbia, Wormie

You are all the great men for the forum that I would like to convey my best regard ! Your analysis were strengthen my confidence to go north an hour before closing time at 1.6325 --> DP today 7.00 am GMT+7.
Thank you very much !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,000
  • Jan 18, 2010 10:10pm Jan 18, 2010 10:10pm
going for short at 6416 with tight sl, trend is UP, but right now all charts especially 1 hour chart are seriously overbought! i think there should be at least a small rebound to something like 6355 or 6375! When stochs will ease will go long! CPI which comes out at in 5,5 hours will probably support Up movement, but before that small retrace (i hope, uptrend is not that crazy strong)
454 traders viewing now, 1 is registered:
lafemo