Cable Update (GBPUSD) | Page 10661 | 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)

  • #213,201
  • Apr 6, 2010 2:31am Apr 6, 2010 2:31am
Quoting chankl78
London already in session. Please look at the calendar. London is now active.

Looked at the GMT clock instead, you are right.
  • #213,202
  • Apr 6, 2010 2:34am Apr 6, 2010 2:34am
Quoting ukdaytrader
Something worth bearing in mind; the weekend gap for both GU and GCh has not been filled yet.....

I can see Sterling weakening and fast considering the distance GCh has to travel to close the gap. Could send GU and GJ into a tailspin.

Let's see....
GU gap now closed. Quick enough for everyone..?

Just waiting for GCh now......
  • #213,203
  • Apr 6, 2010 2:41am Apr 6, 2010 2:41am
How hard to break this 1.518?

is it that hard?????
Smile Chankl78
  • #213,204
  • Apr 6, 2010 2:44am Apr 6, 2010 2:44am
Quoting chankl78
How hard to break this 1.518?

is it that hard?????

Have a look at H4 and see the results of previous attempts, been trying for almost a week now. That's why I closed my short at 517 earlier, above my TP, as I did not like the PA around 518.

I do expect 518 to give today, will just take a while. Once 518 goes, we have a clear run to 51
  • #213,205
  • Apr 6, 2010 2:47am Apr 6, 2010 2:47am
Quoting chankl78
How hard to break this 1.518?

is it that hard?????
Looked bounce again on M5/M15 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #213,206
  • Apr 6, 2010 2:54am Apr 6, 2010 2:54am
Either it goes back to 1.5219 or it will plunge down.
Today, It will crack this 1.518.

Set my breakeven already.
Let's wait & see...

It is so easy. Either I am right or wrong. There is no other answer.
Wahahahahha
Smile Chankl78
  • #213,207
  • Apr 6, 2010 2:54am Apr 6, 2010 2:54am
stuck between
4hr fib at 1.5195 and
daily fib at 1.5173 and
M1 daily pivot at 1.5183...

if can break, there is cluster below:
weekly cpp at 1.5129,
Monthly cpp at 1.5114,
daily M0 pivot at 1.5121 and
4hr fib at 1.5119

I'm hoping the cluster will attract PA. would seem like a nice short-term target around 1.5120
"The real genius is knowing when to stop." - Marc Faber
  • #213,208
  • Apr 6, 2010 2:56am Apr 6, 2010 2:56am
Quoting pawpaw1000


Watch us have a run up at london and then a huge sell off....
Hi pawpaw, was this a lucky guess?

I'm new to this forum and have been enjoying your inputs especially on the cable and EUR last couple weeks.

Such a humbling game this trading thing. Just when you think you have it figured out.
  • #213,209
  • Apr 6, 2010 2:57am Apr 6, 2010 2:57am
according to the news and another event will be held in UK,, i remain bearish for GBP/USD untill 1.5000.. as you seen starting from yesterday it was going down more than 100 pips.. and it will continue.. to keep going down,, by the way please be carefull. cause of some news not effectively immediately,,
  • #213,210
  • Apr 6, 2010 3:00am Apr 6, 2010 3:00am
Quoting Rosli
by the way please be carefull. cause of some news not effectively immediately,,

So what you are saying is that we traders are a bit thick and slow and need a few days before we realise that the news is bad. I am not sure if this is an insult, will get back to you on that one.
  • #213,211
  • Apr 6, 2010 3:01am Apr 6, 2010 3:01am
Shit H1/H4 (London session open) close/open exactly at 1.5187/88 ! May bounce up may go further down ! I expect the 2nd option untill pass 1.5152 but however M5/M15/M30 close/open still show how strong 1.5187 to stop the down trend !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #213,212
  • Apr 6, 2010 3:12am Apr 6, 2010 3:12am
Quoting manize
Shit H1/H4 (London session open) close/open exactly at 1.5187/88 ! May bounce up may go further down ! I expect the 2nd option untill pass 1.5152 but however M5/M15/M30 close/open still show how strong 1.5187 to stop the down trend !
Why shit?
Smile Chankl78
  • #213,213
  • Apr 6, 2010 3:14am Apr 6, 2010 3:14am
Quoting manize
Shit H1/H4 (London session open) close/open exactly at 1.5187/88 ! May bounce up may go further down ! I expect the 2nd option untill pass 1.5152 but however M5/M15/M30 close/open still show how strong 1.5187 to stop the down trend !

You nursing a long?
  • #213,214
  • Apr 6, 2010 3:17am Apr 6, 2010 3:17am
Quoting manize
Shit H1/H4 (London session open) close/open exactly at 1.5187/88 ! May bounce up may go further down ! I expect the 2nd option untill pass 1.5152 but however M5/M15/M30 close/open still show how strong 1.5187 to stop the down trend !
Also broken on M15, well I'll add short at a crab up --> surrounding 1.5187 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #213,215
  • Apr 6, 2010 3:22am Apr 6, 2010 3:22am
Quoting chankl78
Why shit?
I have a system with a psychologic level (crucial S/R) 1.5187. I hope down because I hold a short at 1.5152. If H1/H4 close/open below it I am sure will go more down at least pass 1.5152. Because she stayed exactly at that level (1.5187) ---> it means no confirm down yet !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #213,216
  • Edited 3:26am Apr 6, 2010 3:23am | Edited 3:26am
Ok.. I am out...

Closed it... Wait for better price to sell.

Maybe at either 1.5200 or 1.5220...
Hee hee..

Good luck to me.

Edit...

Why it is always like that... When ever I close it, it just continue to goes within the next mins....
Sigh...
Smile Chankl78
  • #213,217
  • Apr 6, 2010 3:24am Apr 6, 2010 3:24am
Next target @ 1.5250
エンジョイライフ！
  • #213,218
  • Apr 6, 2010 3:28am Apr 6, 2010 3:28am
The 1hr pic below shows the previous swing lo=prev support=potential support zone at which cable has garnished some demand [after breaking the ascending trend line/channel on this t/f,] ....a previous obvious near-term imbalance of demand/supply...The red and blue zones are co-existant on 4hr t/f and therefore potentially stronger zones. Not shown below is 38.2% of the 4797-5317 rise @ 5119.

G/L

http://i44.tinypic.com/wa0umb.jpg
ex member
  • #213,219
  • Apr 6, 2010 3:35am Apr 6, 2010 3:35am
Quoting cloggie
So what you are saying is that we traders are a bit thick and slow and need a few days before we realise that the news is bad. I am not sure if this is an insult, will get back to you on that one.


Thick as two planks me

Well my entries are looking sweet (I took you up on the fibre offer, and got a little short in @13423.5, not as sweet as yours, but it is determined not to break through R1!)

If all goes to plan, no more new positions until tomorrow, so let's see how the 3 runners theory work for me today.

If it breaks through AND holds off 15183 (not quite there yet) I think GU will have confirmed the change of direction. S2 @15168, which GU bounced of nicely during the drop.

So I am putting my feet up for the rest of the day as far as trading goes, but as I have just come back to a full inbox, I really need to get some work done for once!

Enjoy your trading day and GL.
  • #213,220
  • Apr 6, 2010 3:36am Apr 6, 2010 3:36am
I liquidated all positions
1,202 traders viewing now