Cable Update (GBPUSD) | Page 10829 | 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)

  • #216,561
  • Apr 13, 2010 4:29am Apr 13, 2010 4:29am
Quoting omiunu
Can some one please tell me i am not crazy :d


If u want to join the 5% that are successful in this business world-wide, u need to reduce ur lot size fast. For the kind of balance u have on ur account, ur lot size shouldn't exceed 0.5.

U are trading GU for that matter. Are u saying u are unaware that GU can go up to 50 pips in the wrong direction before reversing?

A word is enough for the wise
  • #216,562
  • Apr 13, 2010 4:30am Apr 13, 2010 4:30am
A simpler view.

I'd like to see it test the high again. Red Arrow 5480ish. I wasn't around earlier so I entered WAY late here but only after the last 1H broke S/R.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1_hour.gif Size: 28 KB
Ghost Rider - WWTBMD?
  • #216,563
  • Apr 13, 2010 4:30am Apr 13, 2010 4:30am
not excited to go long at this point w possible divergence in near term... my 1 and 4hr are showing weak trend...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 m april 13 2010.gif Size: 64 KB
  • #216,564
  • Apr 13, 2010 4:31am Apr 13, 2010 4:31am
cable has found supply at the 50% of the 5484-5335 fall...an area of prev supply over demand imbalance....this remains it's next upside obstacle.

Neutral- bulllish tone at the moment intraday

G/L

http://i44.tinypic.com/10f2dtt.jpg
ex member
  • #216,565
  • Apr 13, 2010 4:31am Apr 13, 2010 4:31am
Quoting omiunu
Can some one please tell me i am not crazy :d
This aint save friend. is this a micro account? Take what you have on the table and run cos the market is going WEST
  • #216,566
  • Apr 13, 2010 4:34am Apr 13, 2010 4:34am
good what ever morn ev aft
  • #216,567
  • Apr 13, 2010 4:35am Apr 13, 2010 4:35am
Quoting fivedollar
i'm suprised you are able to buy/sell more than 1 on that balance. Mine requires collaterral (about $1500 per $1 contract) when no stop loss is entered

if i had to punt that would have been the same punt I'll make (resistance around 5400). But then I would move my SL to BE. It can go substantially either way when the US opens.

Good luck.
you got to give trades room because of them spikes. dnt worry bro, i am gonna be alright. i took this trade based solely on iinside info. its still gonna spike up one last time before the final collapse. goodluck in your trades
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #216,568
  • Apr 13, 2010 4:38am Apr 13, 2010 4:38am
Hi guys,

There are are at least two fundamental reasons to be bearish:

1) TL3 is the sand line so as long as we stay below trend is bearish

2) If you look at volumes (and you should always....) we had some time ago 2 consecutive climax high bars (red one), which means clearly END OF UPMOVE

Just my 2 cents

GL to all
Attached Image (click to enlarge)
Click to Enlarge Name: saisie_chart.jpg Size: 150 KB
Non licet omnibus adire Corinthum
  • #216,569
  • Apr 13, 2010 4:40am Apr 13, 2010 4:40am
If we find support at open (15m close above), then a brief long may be in order up to 5450 for first tp then hold for a 5480 tp.
  • #216,570
  • Apr 13, 2010 4:42am Apr 13, 2010 4:42am
Quoting omiunu
Can some one please tell me i am not crazy :d

cool stuff mate i would recomment settin your stop to at least BE now and maybe covering 1/2


Btw for me to be bullish we need to see 1.54-5410 clearly taken out for now bearish....


Looks like EURO is trying to close the gap....could it pull pound down with it also ....
  • #216,571
  • Apr 13, 2010 4:44am Apr 13, 2010 4:44am
15 m close below open ...and while the EU is dropping would favor a short on my charts down to 5320, and then 5295.
  • #216,572
  • Apr 13, 2010 4:44am Apr 13, 2010 4:44am
We also have some nice divergance on the M15. I'm waiting for a nother test of 400 before going short
  • #216,573
  • Apr 13, 2010 4:44am Apr 13, 2010 4:44am
Hi guys...here's my take on the situation so far....
Attached Image (click to enlarge)
Click to Enlarge Name: cable fib projection.jpg Size: 118 KB
  • #216,574
  • Apr 13, 2010 4:48am Apr 13, 2010 4:48am
Quoting omiunu
you got to give trades room because of them spikes. dnt worry bro, i am gonna be alright. i took this trade based solely on iinside info. its still gonna spike up one last time before the final collapse. goodluck in your trades
Have you thought of your margin on the spike up as you have predicted? Your account might be dead before the collapes begins.
  • #216,575
  • Apr 13, 2010 4:49am Apr 13, 2010 4:49am
Quoting wormboy
earlier chart:
1. http://www.forexfactory.com/showpost...stcount=216387


We're still here. Still bullish atm, don't get caught with your shorts down
Nice one Wormie me homie

Where started riding her mate....

here's mine

http://www.forexfactory.com/showpost...stcount=216372
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #216,576
  • Apr 13, 2010 4:51am Apr 13, 2010 4:51am
short 5385
  • #216,577
  • Apr 13, 2010 4:52am Apr 13, 2010 4:52am
like your analysis, Bull Bear....
  • #216,578
  • Apr 13, 2010 4:53am Apr 13, 2010 4:53am
The way I see it from a TA point of view:

The daily may be at the end of a retracement ( lasting six weeks ) of a bigger downd trend.
The 4 hour chart is showing negative divergence.
Todays lower timeframes look like a retracement of the drop from yesterdays high.

Looking for signs of a reversal with S/L set above yesterdays high would be a nice setup giving a target of 1.4780 if the bigger downtrend came back into play.

I do have concerns that the 4 hour negative divergence may not work out.

Only time will tell.
  • #216,579
  • Apr 13, 2010 4:57am Apr 13, 2010 4:57am
Quoting sensei
like your analysis, Bull Bear....
Cheers mate.....

To be in this game it's all about charts and nothing else...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #216,580
  • Apr 13, 2010 4:57am Apr 13, 2010 4:57am
Quoting The Magician
Just come back from the garage with a nice 30 pips netted on my long. Anyone want a Mazda RX8?? damn things are a money drain!!
good idea. Sell the rx8, use the capital for trading and upgrade to a maserati later on.
458 traders viewing now, 1 is registered:
saidi01