Cable Update (GBPUSD) | Page 10769 | 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)

  • #215,361
  • Apr 9, 2010 9:50am Apr 9, 2010 9:50am
1.5351 still in play !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #215,362
  • Apr 9, 2010 9:51am Apr 9, 2010 9:51am
We also got a nice little wedgie forming on M15, break out of 536ish will see a bullish move to 592, a break of 533ish will see a break to 528. Break to the north not looking good this late on friday, we may have see the london high.
  • #215,363
  • Apr 9, 2010 9:51am Apr 9, 2010 9:51am
Quoting bonus76
fitch downgrades Greece to BBB...say goodbye to the EUR across the board



Has it mattered? Both GU and EU have been viciously bullish from the US open of yesterday through the Asian and European session and down to today's US open. Quite amazing. The bears must have gotten tired of waiting by now
  • #215,364
  • Apr 9, 2010 9:51am Apr 9, 2010 9:51am
Quoting manize
Swing up or swing down bro ?
swing up
I will be the number one Manager.
  • #215,365
  • Apr 9, 2010 9:51am Apr 9, 2010 9:51am
Dance finished .. back to business.

Absolutely nothing new to report on cable (see how much wiser I sound now that I have a ... oh wait, 2 vouches!)

She is dancing along the 24 ma on 5, 15 & 30, well above it on 60 min. I think there should be one more attack on the 5390 high but it is Friday and things are winding down, plus as others have said, she has already done her range for the day.
So if it hits 5380 I will probably cash out & take my lessons this week to a (profitable) next week. Sooner or later ... somethin's gonna give.
******************* I'd rather make money than be right.
  • #215,366
  • Apr 9, 2010 9:55am Apr 9, 2010 9:55am
Here is my trade. Short at 1.5360...SL 1.5400...TP 1.5250
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 15 KB
  • #215,367
  • Apr 9, 2010 9:56am Apr 9, 2010 9:56am
Quoting Bull_Bear
I'm outta here...

Holding onto my longs...

Enjoy your weekend!
Your walking into the weekend holding longs?

Leaving them open?

LOL.

Aight mango, good luck with that.

Near as I can figure, with the top of the ball being a mere 8 pips higher then last months highs, and no apparent bull strength left at current.

I have a weekly open at 1.5265 and we have topped what 115 after a 340 pip previous week, this shows you bullish strength? Enough to hold long into the weekend? Did you nut the last bottom to have confidence like this? Or did you merely give up on charting?

A great example of what not to do IMO.

Good luck with the trades Big guy.

Happy weekend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,368
  • Apr 9, 2010 10:04am Apr 9, 2010 10:04am
Quoting Magix
Your walking into the weekend holding longs?

Leaving them open?

LOL.

Aight mango, good luck with that.

Near as I can figure, with the top of the ball being a mere 8 pips higher then last months highs, and no apparent bull strength left at current.

I have a weekly open at 1.5265 and we have topped what 115 after a 340 pip previous week, this shows you bullish strength? Enough to hold long into the weekend? Did you nut the last bottom to have confidence like this? Or did you merely give up on charting?

A great example of what not to do...
Who you calling mango?

Another Clown
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #215,369
  • Apr 9, 2010 10:09am Apr 9, 2010 10:09am
Quoting 4xStar
I got a vouch!! Thank you Baaaaaa (easer to type than BaaBaa..)

<Star doing a little Vouch Victory Dance ...sort of like the 7 Veils Dance but without the veils...>
I think you deserved it after that last piece of sound advice for any newcomer to this thread and forex.
  • #215,370
  • Apr 9, 2010 10:10am Apr 9, 2010 10:10am
Quoting free4440273
all my three trades were shorts - and eur/yen too. I'm done today.

Oh, and Dow 11K today!
well, almost

have a great weekend folks, weather should be nice here too!
  • #215,371
  • Apr 9, 2010 10:15am Apr 9, 2010 10:15am
Quoting Magix
Your walking into the weekend holding longs?

Leaving them open?

LOL.

Aight mango, good luck with that.

Near as I can figure, with the top of the ball being a mere 8 pips higher then last months highs, and no apparent bull strength left at current.

I have a weekly open at 1.5265 and we have topped what 115 after a 340 pip previous week, this shows you bullish strength?...
hey wise man where u been hidding
  • #215,372
  • Apr 9, 2010 10:16am Apr 9, 2010 10:16am
With such a london starts everyone was expecting a move towards 1.5430 at least ... it seems US boys are not interesting in the pair anymore ...i'm still waiting for a move lower next week.

The move up is not as strong as we thought
COT: The precious data ignored
  • #215,373
  • Apr 9, 2010 10:17am Apr 9, 2010 10:17am
Quoting Magix
Okay, if you prefer to be called clown instead of mango.

HAVE A GOOD WEEKEND CLOWN!

Dogfight? Someone get the hose....

You can't really judge the wisdom of holding a position if you don't know position size or account size. A micro lot in a 10k acct could easily be held over the weekend.... ya just don't know
******************* I'd rather make money than be right.
  • #215,374
  • Apr 9, 2010 10:17am Apr 9, 2010 10:17am
Quoting javapips
swing up
Good Luck bro, looks like spikes up from 1.5351 on M15/M30 sofar !
Attached Image (click to enlarge)
Click to Enlarge Name: 090410b.gif Size: 62 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #215,375
  • Apr 9, 2010 10:19am Apr 9, 2010 10:19am
Quoting kuroro001
With such a london starts everyone was expecting a move towards 1.5430 at least ... it seems US boys are not interesting in the pair anymore ...i'm still waiting for a move lower next week.

The move up is not as strong as we thought
Or because it is Friday .. and just ran out of steam. Let's see if there's a gap on sunday (and which way) and how the last hourly candle finishes today...
******************* I'd rather make money than be right.
  • #215,376
  • Apr 9, 2010 10:20am Apr 9, 2010 10:20am
who want to make a bet with me????
this day will touch 1.540x or not?
i bet it yes...,in 16.00 GMT
I will be the number one Manager.
  • #215,377
  • Apr 9, 2010 10:22am Apr 9, 2010 10:22am
Quoting javapips
who want to make a bet with me?
this day will touch 1.540x or not?
i bet it yes...,in 16.00 GMT
Hope you are right, in which case I will be cashing in at 15:59 ...
and she is taking off again as I type.
******************* I'd rather make money than be right.
  • #215,378
  • Apr 9, 2010 10:22am Apr 9, 2010 10:22am
Quoting kill56
hey wise man where u been hidding
Just woke up not to long ago here Kill.

As bullish as the immediate charts looks the relative strength just doesn't seem to be all that apparent to me yet.

Watching the inverse correlation to USDCAD, I am just not so sure how much higher we go, and until we clearly close above last months highs, I really still see the potential of the long term downtrend to trigger.

Goofy week, money up, money down...Let's hope for a little better direction next week, be it up or down.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,379
  • Apr 9, 2010 10:25am Apr 9, 2010 10:25am
Quoting javapips
who want to make a bet with me????
this day will touch 1.540x or not?
i bet it yes...,in 16.00 GMT

u are on i did say befor we need to kiss 15400
  • #215,380
  • Apr 9, 2010 10:26am Apr 9, 2010 10:26am
Quoting javapips
who want to make a bet with me????
this day will touch 1.540x or not?
i bet it yes...,in 16.00 GMT
Is there something you know that we don't. It is 16.25 in the UK now

Although you are forgiven as it is GMT+1 here now (BST)

Our clocks went forward last weekend for the British Oh Not So Summer Time
317 traders viewing now