Cable Update (GBPUSD) | Page 9898 | 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)

  • #197,941
  • Feb 3, 2010 7:48am Feb 3, 2010 7:48am
The little rally had me confused for a while!

Seems to be a congested area right now, hope it can break free.
{Promotion Removed}
  • #197,942
  • Feb 3, 2010 7:49am Feb 3, 2010 7:49am
Quoting Magix
I am thinking your forecast is pretty good.
I currently have top side spike at absolute top to be in the 1.5999 to the next immediate at about 1.5983-88.

Congratz bro ! I don't have the chance due to offline business, but I have one hold short at 1.6000 since yesterday --> I am lucky, SL no hit when drawn far up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #197,943
  • Feb 3, 2010 7:51am Feb 3, 2010 7:51am
Quoting manize
I don't have the chance due to offline bussiness, but I have one hold short at 1.6000 from yesterday.
That one should pay very nicely my friend.

Well done.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #197,944
  • Feb 3, 2010 8:00am Feb 3, 2010 8:00am
Quoting digger1
well we have wiped out 40 hours worth of gains in 6 hours , we are sitting on my proverbial line in the sand , the weekly open if it bounces will see what it acts like around todays open price, will continue holding shorts already taken with a tgt of yesterdays low at 1.5900 area
ouch!
  • #197,945
  • Feb 3, 2010 8:04am Feb 3, 2010 8:04am
Quoting manize
I am looking for spike at 1.5961/76 ! Maybe on the news at 10.00 am.

Good day... Looks like Cable is dropping to the fire. I am locked down to SELL...
  • #197,946
  • Feb 3, 2010 8:08am Feb 3, 2010 8:08am
does any one see a h&S on m30 and H1 in gold. does tht mean tht gold is up for some more beating.
  • #197,947
  • Feb 3, 2010 8:08am Feb 3, 2010 8:08am
Quoting fxvoilaaa
ouch!
lol, I was just talking about the gbpusd , I was just waiting to short it
  • #197,948
  • Feb 3, 2010 8:10am Feb 3, 2010 8:10am
Quoting sswilli99
Price went 16 pips higher then my highest entry and turned within 1 hour of the cycle line, so over all a very good setup for me. Currently I am +100 and +60 on my trades will look to close one of them at London close perhaps. the next timeline hits on London open tomorrow and there are two at that time, so I will be watching that closely for a top or bottom.

Shawn

PS this also hit the 50% fib of the whole last move down, so I am definitely expecting a new low on this swing.
Nice. I had pretty much the same results. + 103 on my first then 153 on the second when i closed out my last lot at 6019.
  • #197,949
  • Feb 3, 2010 8:12am Feb 3, 2010 8:12am


Quoting big_pipin
Nice. I had pretty much the same results. + 103 on my first then 153 on the second when i closed out my last lot at 6019.
  • #197,950
  • Feb 3, 2010 8:15am Feb 3, 2010 8:15am
Quoting sswilli99
Are you with me on the short side for the next market open?
  • #197,951
  • Feb 3, 2010 8:20am Feb 3, 2010 8:20am
Quoting Magix
That one should pay very nicely my friend.

Well done.
i am so sad that i dont see u online

i hope i will see on line today
  • #197,952
  • Feb 3, 2010 8:20am Feb 3, 2010 8:20am
yes absolutely at this point I am looking for 1.57xx on this swing down. So I will be looking for it to drift up and then continue down tonight at london open. NFP may keep things quiet until then, but for me it is showing its hand early.

Quoting big_pipin
Are you with me on the short side for the next market open?
  • #197,953
  • Feb 3, 2010 8:24am Feb 3, 2010 8:24am
FXstreet.com (Barcelona) - Pound's rally from 1.5850 low on Monday has peaked at 1.6070 high on Wednesday's European session , and the pair has pulled back sharply, giving about 130 pips so far, at US session opening with the Pound returning to levels right below 1.5950.

Sterling trades at the moment at session lows around 1.5940, with next support levels at 1.5905 (Feb 2 low) and 1.5850 (Feb 2 low). On the upside, resistance levels lie at 1.6070/75 (session high/Jan 22 low), and above here, 1.6110/15 (Jan 27/28 low) and 1.6180 (Jan 29 high).

For the next days, the pair might consolidate between 1.5755 and 1.6075, according to the Kshitij Consultancy Service Team: "If the 8-DMA Resistance continues to hold, we might see the pair consolidate between the 55-week MA (1.5756) and the 8-DMA (1.6074) over the next few days. The region near 1.6074-78 is a strong Resistance zone which houses the 8-DMA, 8-week MA and the fault line Support on the weekly candles."
  • #197,954
  • Feb 3, 2010 8:33am Feb 3, 2010 8:33am
Here is a good low risk short entry. The test of the DP. I added a short at 1.5954 and my stop will be any sustained price action above the pivot.

Shawn
Attached Image (click to enlarge)
Click to Enlarge Name: 2-2-10.4.gif Size: 28 KB
  • #197,955
  • Feb 3, 2010 8:52am Feb 3, 2010 8:52am
I have set my hard stop to 1.5984 due to news coming out in a few.

Quoting sswilli99
Here is a good low risk short entry. The test of the DP. I added a short at 1.5954 and my stop will be any sustained price action above the pivot.

Shawn
  • #197,956
  • Feb 3, 2010 8:58am Feb 3, 2010 8:58am
:nerd:1.5961 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #197,957
  • Feb 3, 2010 8:59am Feb 3, 2010 8:59am
Quoting manize
:nerd:1.5961 !
long or short master manize?
Revesal Trader
  • #197,958
  • Feb 3, 2010 9:04am Feb 3, 2010 9:04am
Quoting sswilli99
I have set my hard stop to 1.5984 due to news coming out in a few.
If we pass the 200ema on 1m chart, bottom right hand corner, then our next resistance range is right @ your stop loss...meaning, if we do see a little more spike, where you are exiting is a place to be adding to the position, IMO.

Looking at the M15 top right, M5 bottom left, you will see this point as some fairly decent resistance. There is a top side possibility with the bullseye on the M30 chart, top left, but given the weakened strength of the bullish movement, and the strength of the bears, that is asking a lot.

This is just what I am seeing, of course, play what you see and take what you can.

Attached Image (click to enlarge)
Click to Enlarge Name: retracement.jpg Size: 211 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #197,959
  • Feb 3, 2010 9:07am Feb 3, 2010 9:07am
Thanks I agree, I have moved back to manual stop, as that was only there for the news event. The trendline we broke thru was also right in that area so we may test that as well before heading south but most likely we will turn south in the next few minutes.

Quoting Magix
If we pass the 200ema on 1m chart, bottom right hand corner, then our next resistance range is right @ your stop loss...meaning, if we do see a little more spike, where you are exiting is a place to be adding to the position, IMO.

Looking at the M15 top right, M5 bottom left, you will see this point as some fairly decent resistance. There is a top side possibility with the bullseye on the M30 chart, top left, but given the weakened strength of the bullish movement, and the strength of the bears, that is asking a lot.

This is just what I am seeing,...
  • #197,960
  • Feb 3, 2010 9:09am Feb 3, 2010 9:09am
Quoting manize
I am looking for spike at 1.5961/76 ! Maybe on the news at 10.00 am.
i thought you off today manize...,
finding retrace is hard enough...,how about 1.6003 ? maybe to far...,

sukses selalu...,
I will be the number one Manager.
231 traders viewing now, 6 are registered:
ricmaj
,
Gbpusdfreakk
,
CPUmice
,
,
suleruma44
,
bolivarfx