Cable Update (GBPUSD) | Page 10333 | 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)

  • #206,641
  • Mar 16, 2010 7:15pm Mar 16, 2010 7:15pm
sup

Quoting javapips
Hallo Mr Dogol There...,why not come here and just chat? are you not bored lonely there?? talking about something will be nice...
Its all in the mind.
  • #206,642
  • Mar 16, 2010 7:24pm Mar 16, 2010 7:24pm
the room is tooooo lazy lets get some work done
Attached Image
  • #206,643
  • Mar 16, 2010 7:31pm Mar 16, 2010 7:31pm
Quoting Rgali1
This is bound to break the resistance on the next attempt up then probably will drift higher over night. I doubt we will see any real action down untill london open. Now is not the time to short too risky.
You were wrong. i wish i went short. It already dropped 40 pips.
  • #206,644
  • Mar 16, 2010 7:37pm Mar 16, 2010 7:37pm
[quote=wormboy;3556671]
Quoting Bydyke

Not true.
Trading cable is just like any other pair. No difference.
The problem is, newbies do not take enough time to learn, plain and simple. Most of them just revert to simple guesses such as "it's gone up so much, surely it must come down". This is not directed to anyone in particular, but how many times was this said from the bounce since fo when people were trying to pick tops? Not just the newbies, some of the supposedly seniors were doing the same too, they didn't try to sound like they were making simple guesses,...

Sound advice............however, your advice also sounds similar to an absolute. Ultimately, the market unfolds in regular, organic patterns.....thus, we can definitely know if the downtrend will continue......I am an experienced trader and I have earned thousands of dollars trading with a mixture of technicals and fundamentals. I am also fully versed on candlesticks......and I am a swing trader...........not short term or scalper. I've been in over 20 trades since December, and i have made over 10,000 dollars with my trading method. In the end, everyone here will be wise to heed your advice, but the market is not so mysterious that we are unable to predict tops, bottoms, and Elliot waves, because I am proof of this.
  • #206,645
  • Mar 16, 2010 7:45pm Mar 16, 2010 7:45pm
Quoting Honored
You were wrong. i wish i went short. It already dropped 40 pips.
Cant win them all...but with a double top I see breaking it is eminent unless it just crashes from here which I think is slim.
Former Trader Of the Year of the 95% losing club! Retired
  • #206,646
  • Mar 16, 2010 7:52pm Mar 16, 2010 7:52pm
This is the retrace from the resistance line. We bounced off next try we will go through. Anyone going long from here?
Former Trader Of the Year of the 95% losing club! Retired
  • #206,647
  • Mar 16, 2010 8:13pm Mar 16, 2010 8:13pm
Quoting Rgali1
This is the retrace from the resistance line. We bounced off next try we will go through. Anyone going long from here?
i think its trying to find res at the march 13th high/spike. i didnt expect it i thought the first would be 5200. but yea i entered a small size here and am looking to build.
  • #206,648
  • Mar 16, 2010 9:12pm Mar 16, 2010 9:12pm
interesting jap news coming up .............
Attached Image (click to enlarge)
Click to Enlarge Name: jap.gif Size: 145 KB
  • #206,649
  • Mar 16, 2010 9:15pm Mar 16, 2010 9:15pm
Quoting forexlion
interesting jap news coming up .............
lol
  • #206,650
  • Mar 16, 2010 9:22pm Mar 16, 2010 9:22pm
cable smashed through an impotent (important) resistance on daily .....
5436 any takers ?
Attached Image (click to enlarge)
Click to Enlarge Name: cable2.gif Size: 16 KB
  • #206,651
  • Mar 16, 2010 9:26pm Mar 16, 2010 9:26pm
Quoting forexlion
cable smashed through an impotent (important) resistance on daily .....
5436 any takers ?
with obvious weakness on 4 hour, we just need a break above 5250 to complete the 5436 move and then drop with its tail between its legs ..... back to 5195
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 20 KB
  • #206,652
  • Mar 16, 2010 9:28pm Mar 16, 2010 9:28pm
Attached Image
  • #206,653
  • Mar 16, 2010 9:31pm Mar 16, 2010 9:31pm
Quoting forexlion
with obvious weakness on 4 hour, we just need a break above 5250 to complete the 5436 move and then drop with its tail between its legs ..... back to 5195
Sounds good to me, UNLESS they "surprised" us again with "unexpected" "newfound" weakness...!
  • #206,654
  • Mar 16, 2010 9:33pm Mar 16, 2010 9:33pm
Quoting forexlion
with obvious weakness on 4 hour, we just need a break above 5250 to complete the 5436 move and then drop with its tail between its legs ..... back to 5195
the max weekly range, unless its a very strong trend is the 61.8 fib level, we could even bounce back from the 50 level

but ........

we are currently in a very hyped up state and need a few hours of consolidation before the (booty) move
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 19 KB
  • #206,655
  • Mar 16, 2010 9:37pm Mar 16, 2010 9:37pm
the verdict ........ i am off to sleep till cable decides to give a confirmed trade
  • #206,656
  • Mar 16, 2010 9:43pm Mar 16, 2010 9:43pm
scenario: bad jobs data and a dovish BOE from the u.k news at 9:30 could turn daily into a bearish flag. send us from the upper boundry back down to yearly lows where we range for a bit then take the strong move south.

a wild possibility but remeber where you heard it first
  • #206,657
  • Mar 16, 2010 9:48pm Mar 16, 2010 9:48pm
Quoting cableboy
scenario: bad jobs data and a dovish BOE from the u.k news at 9:30 could turn daily into a bearish flag. send us from the upper boundry back down to yearly lows where we range for a bit then take the strong move south.

a wild possibility but remeber where you heard it first
it all depends on that jap news now ,.........
  • #206,658
  • Mar 16, 2010 9:50pm Mar 16, 2010 9:50pm
Quoting forexlion
it all depends on that jap news now ,.........
lion, what time will it finish jap news?
  • #206,659
  • Mar 16, 2010 9:54pm Mar 16, 2010 9:54pm
Quoting special0nefx
lion, what time will it finish jap news?
remember the tortoise and rabbit story, slow amd steady wins the race ....
  • #206,660
  • Mar 16, 2010 9:57pm Mar 16, 2010 9:57pm
Quoting forexlion
remember the tortoise and rabbit story, slow amd steady wins the race ....
1,636 traders viewing now