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Cable Update (GBPUSD)

  • #195,701
  • Jan 25, 2010 10:47am Jan 25, 2010 10:47am
This may be a stupid question,but why is gpb/usd called Cable?
  • #195,702
  • Jan 25, 2010 10:48am Jan 25, 2010 10:48am
Quoting fibonator
Do you only trade long term positions?

Trade the Trend, Sit out the End... I got my trading technique. And it is been banking for me since... So Long now!! Perhaps Short later!! Haa!!
  • #195,703
  • Jan 25, 2010 10:48am Jan 25, 2010 10:48am
This happens only once in 100 years.

Please make sure you tell your grandkids that you were part of this.

There will be a explosion after this.

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 121 KB
  • #195,704
  • Jan 25, 2010 10:49am Jan 25, 2010 10:49am
For Those Who Have Forgotten My Morning Chart.

Below Is That & It's Result.


Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD, H1_20100125.jpg Size: 65 KB
Click to Enlarge Name: GBPUSD, H1_20100125 - 1.jpg Size: 65 KB
* Never Trust To Any Indicator *
  • #195,705
  • Jan 25, 2010 10:51am Jan 25, 2010 10:51am
shorted @6240
  • #195,706
  • Jan 25, 2010 10:54am Jan 25, 2010 10:54am
Earlier chart:
1. http://www.forexfactory.com/showpost...stcount=195652

I'll be carrying this long position for awhile it seems after the breakout. If price can sustain above the utl resistance, I'll be adding to the position. There is absolutely no selling for me atm.

Good luck trading everyone
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 63 KB
Thank You
  • #195,707
  • Jan 25, 2010 10:54am Jan 25, 2010 10:54am
Quoting fibonator
This may be a stupid question,but why is gpb/usd called Cable?
from the telegraph cable that conected the countries
" When the ship starts to sink, don't just pray. JUMP "
  • #195,708
  • Jan 25, 2010 10:56am Jan 25, 2010 10:56am
went short at 40, not sure whether to hold the short or not....? any thoughts?



what do you mean when you say 'this only happens once in a hundred years!'
sorry newb here!
  • #195,709
  • Jan 25, 2010 10:56am Jan 25, 2010 10:56am
Quoting sohail212
This happens only once in 100 years.

Please make sure you tell your grandkids that you were part of this.

There will be a explosion after this.

Good Luck

I am the worst Technical Analyst in Forex World... But I click on empty screen with only Candle Screen. Bluah!!! Profit again and again... Must be so Lucky...
  • #195,710
  • Jan 25, 2010 11:02am Jan 25, 2010 11:02am
Quoting wormboy
Earlier chart:
1. http://www.forexfactory.com/showpost...stcount=195652

I'll be carrying this long position for awhile it seems after the breakout. If price can sustain above the utl resistance, I'll be adding to the position. There is absolutely no selling for me atm.

Good luck trading everyone

De Great One... Thanks for coming to guide us to the right path... Always looked up to U. Now I have arrived... LONG all de way to Mars!! Haa!!
  • #195,711
  • Jan 25, 2010 11:07am Jan 25, 2010 11:07am
we got to have a bit of a decline now right? surely the lower TFs are all oversold and need a bit of a break before a push for the breakout?
  • #195,712
  • Jan 25, 2010 11:10am Jan 25, 2010 11:10am
Quoting Reznik
De Great One... Thanks for coming to guide us to the right path... Always looked up to U. Now I have arrived... LONG all de way to Mars!! Haa!!
All in the charts brother.
Careful with 6300 level. She'll get tempramental when we get there

Trade safe bro, laters
Thank You
  • #195,713
  • Jan 25, 2010 11:13am Jan 25, 2010 11:13am
I am still in the transition to be a long term trader, close long at 1.6232 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,714
  • Jan 25, 2010 11:15am Jan 25, 2010 11:15am
I wouldn't do anything rash until the GDP release tomorrow
  • #195,715
  • Jan 25, 2010 11:15am Jan 25, 2010 11:15am
Quoting Shad
For Those Who Have Forgotten My Morning Chart.

Below Is That & It's Result.


I am absolutely confounded by your 238, 250 Call. I am long too but the numbers ! GREAT, Shad !
  • #195,716
  • Jan 25, 2010 11:17am Jan 25, 2010 11:17am
As long as USD index is making it's head up (or at least trying to go north) I will short GBP/USD (if I do anything at all)

To me USD index is still doing all the possible efforts to retain it's buying move...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #195,717
  • Jan 25, 2010 11:17am Jan 25, 2010 11:17am
Quoting Shad
For Those Who Have Forgotten My Morning Chart.

Below Is That & It's Result.


I am absolutely astounded by your 238, 250 Call. I am long too but the numbers ! GREAT, Shad !
  • #195,718
  • Jan 25, 2010 11:18am Jan 25, 2010 11:18am
@Ctic

I see the compression on H4, need your opinion please, there will be a big move, reversed or continoulsy up ? !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,719
  • Jan 25, 2010 11:22am Jan 25, 2010 11:22am
There is a quite a bit of confusion at this level to whether to go short or long. Behaviour being observed in the last few days is typical behaviour that is observed in leg e of a cotracting triangle. Short positions are the ones that will win the battle in 10-15 days from now. Go short at anywhere in between 6220-6250 region
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD1.GIF Size: 23 KB
Click to Enlarge Name: GBPUSD2.GIF Size: 21 KB
  • #195,720
  • Jan 25, 2010 11:34am Jan 25, 2010 11:34am
Quoting sohail212
This happens only once in 100 years.

Please make sure you tell your grandkids that you were part of this.

There will be a explosion after this.

Good Luck
You give a 4h chart and start talking 100 years?

What are the MA's on your screen?

Can you give us a good basis for your claim? Then I might
then put on my sack cloth and ashes.

I thought I was the only one that used the "E" word.

I do like charts with MMA confluence / convergence / compression.

Since we are approaching the absurd, why not take your chart
out to the daily or beyond and then you can prophecy of a millennial
mayhem rather than just a centennial cataclysmic event.

I will agree, the charts are showing some major moves forming.

Dr. D.
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