Cable Update (GBPUSD) | Page 10134 | 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)

  • #202,661
  • Mar 1, 2010 4:25pm Mar 1, 2010 4:25pm
Weekly Chart

Obviously weekly candle not finished.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.gif Size: 27 KB
  • #202,662
  • Mar 1, 2010 5:53pm Mar 1, 2010 5:53pm
At this rate us from the US will be going to London and buying up all those "posh flats" soon!!!

3900 here we come!

OK fun aside .5000 primarily psych level proved to be just that and was blown through on last nights move. Cable now hovering just below looking bobbing off 4980 area and looking for direction. We had 100 pip retrace on NY afternoon, yet not enough to sustain the psych level into Aussie /Asia.

The blow has been dealt to the Pound Sterling. Now we need to look to the next move....

Quoting ice_chill
5 years ago GPB was doing great and USD had a crysis, now tables have turned, you can't know what will be in 5 years.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #202,663
  • Mar 1, 2010 5:59pm Mar 1, 2010 5:59pm
Quoting PipLand
Weekly Chart

Obviously weekly candle not finished.
What are you trying to say with this chart or are you using telepathy to communicate when we look at it? If that is your predicted channel, then I assume you are long on your current position?
  • #202,664
  • Mar 1, 2010 6:01pm Mar 1, 2010 6:01pm
Considering the COT report we see the Commercials are building long positions, so an uptrend is not too far off.

Besides it can't go down forever
  • #202,665
  • Mar 1, 2010 6:22pm Mar 1, 2010 6:22pm
GBPUSD havent reach the bottom yet . . . may go down more
The market will deceive you. Make your own judgement.
  • #202,666
  • Edited 6:34pm Mar 1, 2010 6:23pm | Edited 6:34pm
Quoting XTrade
At this rate us from the US will be going to London and buying up all those "posh flats" soon!!!

3900 here we come!

OK fun aside .5000 primarily psych level proved to be just that and was blown through on last nights move. Cable now hovering just below looking bobbing off 4980 area and looking for direction. We had 100 pip retrace on NY afternoon, yet not enough to sustain the psych level into Aussie /Asia.

The blow has been dealt to the Pound Sterling. Now we need to look to the next move....
You wish! They will still be too expensive for you

I think .5000 might have a couple of fakeouts, but it will be downhill thereafter with haste with the next breather around .4800. With elections coming up, the uncertainty spotlight has hit the UK, and with yearly Govt deficits increasing (http://www.statistics.gov.uk/cci/nugget.asp?ID=277 and 2009/10 is forecast to be 13% and 70% respectively), it ain't a pretty picture. The UK govenmment overspent by £100bn in 08/09 and we are already up to £125bn in this fiscal year (http://news.bbc.co.uk/1/hi/business/8521587.stm)

Don't get me wrong, the US will have to start reducing their deficits too, but the debt spotlight is not on the US just yet. In the mean time, I target 1.4000 by end of April, if the election has not been held before then.
  • #202,667
  • Mar 1, 2010 6:28pm Mar 1, 2010 6:28pm
Quoting bbakker
You wish! They will still be too expensive for you

I think .5000 might have a couple of fakeouts, but it will be downhill thereafter with haste with the next breather around .4800. With elections coming up, the uncertainty spotlight has hit the UK, and with yearly Govt deficits increasing (http://www.statistics.gov.uk/cci/nugget.asp?ID=277 and 2009/10 is forecast to be 13% and 70% respectively), it ain't a pretty picture. Don't get me wrong, the US will have to start reducing their deficits too, but the debt spotlight is not on the...
Once the ice cap melts and USA starts flooding I'll be shorting USD like there's no tomorrow.
  • #202,668
  • Mar 1, 2010 6:28pm Mar 1, 2010 6:28pm
Gbpusd monthly bearish outlook
Attached Image (click to enlarge)
Click to Enlarge Name: gu monthly.gif Size: 16 KB
The market will deceive you. Make your own judgement.
  • #202,669
  • Mar 1, 2010 6:31pm Mar 1, 2010 6:31pm
Quoting ice_chill
Considering the COT report we see the Commercials are building long positions, so an uptrend is not too far off.

Besides it can't go down forever
Wanna bet?
  • #202,670
  • Mar 1, 2010 6:41pm Mar 1, 2010 6:41pm
What the market will do? No boy know but this is my view

Daily Trend: Down
But i say no more low and we will go up to recover all this drop before we continue dropping more ,Max top 1.55xx
Here my weekly chart
GL ALL
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 40 KB
  • #202,671
  • Mar 1, 2010 7:04pm Mar 1, 2010 7:04pm
Quoting Warwick
Wanna bet?
I don't bet because the Trend is my Friend
  • #202,672
  • Mar 1, 2010 7:06pm Mar 1, 2010 7:06pm
shorting again at 4984

following the trend!
  • #202,673
  • Mar 1, 2010 7:41pm Mar 1, 2010 7:41pm
Quoting ninjafx
Gbpusd monthly bearish outlook
Hey Ninjafx; nice observation, I've been wondering if anyone else was watching the Monthly chart heading into its Divergence; still some very nice pips in this one but may be a little "bouncy" on the way.
  • #202,674
  • Mar 1, 2010 7:56pm Mar 1, 2010 7:56pm
Still hung over from cdn/US game. Anyways, will the trend be stronger off the .38 fib or the .618 on 5min. I get confused about that one.
  • #202,675
  • Edited 8:46pm Mar 1, 2010 8:21pm | Edited 8:46pm
Quoting pipn8ez
Still hung over from cdn/US game. Anyways, will the trend be stronger off the .38 fib or the .618 on 5min. I get confused about that one.
Hi pipn8ez,

Cable will UP. Look CANDLE Sign
Btw... Market still in doubt going Bullish Continuation !
This time is SIDEWAY. The Trend still BEARISH.

We do not expect there's a Surprise, outside estimates
Be Carefully...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-02_4 MA.jpg Size: 400 KB
Always looking the GREAT, never left GOOD Point...
  • #202,676
  • Mar 1, 2010 8:40pm Mar 1, 2010 8:40pm
Thanks Tsar, I will hold for now.
  • #202,677
  • Mar 1, 2010 8:43pm Mar 1, 2010 8:43pm
Quoting Tsar
Hi pipn8ez,

Cable will UP... Look CANDLE Sign
The Trend still BEARISH. And This time is SIDEWAY

We do not expect there's a Surprise, outside estimates
Be Carefully...
Hi Tzar, I think you're right about an upward correction; but I don't know if that will happen before a more solid short term base is in place perhaps. A drop of this magnitude generally plays out multiple TF "divergences" before a turnaround gets going. However, only time will tell
  • #202,678
  • Mar 1, 2010 8:56pm Mar 1, 2010 8:56pm
hold ur sell on gbpusd . for scalping 1.4900, here we go!
The market will deceive you. Make your own judgement.
  • #202,679
  • Mar 1, 2010 8:56pm Mar 1, 2010 8:56pm
Quoting TrueBlue
Hi Tzar, I think you're right about an upward correction; but I don't know if that will happen before a more solid short term base is in place perhaps. A drop of this magnitude generally plays out multiple TF "divergences" before a turnaround gets going. However, only time will tell
You're correct...
My prediction only for SHORT time... and wait SIGN another Indi again.
Always looking the GREAT, never left GOOD Point...
  • #202,680
  • Mar 1, 2010 10:02pm Mar 1, 2010 10:02pm
I'm currently holding a sell at 1.4990, around 70 pips. gu still bearish but seams to be oversold really bad. There is some bearish signal left so I'm waiting for 1-2 hours to see what happen. My trailing stoploss already trap 48 pips so i'm ok with that
297 traders viewing now, 1 is registered:
Ahsan