Cable Update (GBPUSD) | Page 10941 | 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)

  • #218,801
  • Apr 16, 2010 3:14pm Apr 16, 2010 3:14pm
http://img217.imageshack.us/img217/1456/attachmentd.gif

http://img717.imageshack.us/img717/5...tachmentvq.jpg

http://img717.imageshack.us/img717/7837/attachmentr.jpg
  • #218,802
  • Apr 16, 2010 3:23pm Apr 16, 2010 3:23pm
Was there ever any doubt @5380 today? Not me. Scalped almost all the bounces, missed one by 20 pips & missed another nice short setup off the dp. But all in all, a good trading day nonetheless.

However, we had tightened the emergency stops for our swing positions to 5330. Reason is that although the 5380 still provides significant technical support, we're not taking too much risk carrying our long term positions into next week knowing little if the GS news earlier would have a negative implications on our trades.
Time will tell. Good luck & enjoy your weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.jpg Size: 71 KB
Thank You
  • #218,803
  • Apr 16, 2010 3:24pm Apr 16, 2010 3:24pm
long day hope every one had a green day and did not leave any open positions till sunday now we have the weekend to smoke crackforex get the pipes ready and i am sure i will see the crack heads here in the weekend candy for all
Attached Image (click to enlarge)
Click to Enlarge Name: Candy.jpg Size: 241 KB
  • #218,804
  • Apr 16, 2010 3:50pm Apr 16, 2010 3:50pm
http://www.globalfxradio.com/indexmainplayer.html

I dont know if you guys ever heard of this guys but hes pretty funny...GS puts made him 8x his $$$ in two days
He puts a show up daily tlking about the days events..also has a trading room but its for premium members...but he does offer free Fridays..
  • #218,805
  • Apr 16, 2010 4:10pm Apr 16, 2010 4:10pm
Quoting pipn aint ez
http://www.globalfxradio.com/indexmainplayer.html

I dont know if you guys ever heard of this guys but hes pretty funny...GS puts made him 8x his $$$ in two days
He puts a show up daily tlking about the days events..also has a trading room but its for premium members...but he does offer free Fridays..

yeah on days like today 800 % return easy

I remeber one day on a Friday my buddy who trades options calls me .
Hey mal buy lehamn bros 20 puts that expire next week. Price was 26. Ciost 1500. I thought what a waste of money. Come MOnday that 1.5 k was worth 450 k . Did not place the trade.
Blogging daily now at www.volume.zone
  • #218,806
  • Apr 16, 2010 4:27pm Apr 16, 2010 4:27pm
If nothing else the show is good for a laugh..and it never hurts to listen to another point of view and thats why we are here in the first place..
  • #218,807
  • Apr 16, 2010 4:53pm Apr 16, 2010 4:53pm
didnt sound that ridiculous but he is mega biased
like me
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #218,808
  • Apr 16, 2010 5:09pm Apr 16, 2010 5:09pm
I like the show dont get me wrong just saying it may not be for everybody but i think hes funny..ive went to his room for a free Friday and i made money trading with his group so i cant knock him
  • #218,809
  • Apr 16, 2010 6:22pm Apr 16, 2010 6:22pm
  • #218,810
  • Apr 17, 2010 12:30am Apr 17, 2010 12:30am
Huge Gap on Sunday yeahhh.. Shorted at 1.5390 before it closed!!
  • #218,811
  • Apr 17, 2010 1:04am Apr 17, 2010 1:04am
so it's tiime to buy this crap a bit but we can't do it now
ROBOT FOREX
  • #218,812
  • Apr 17, 2010 3:15am Apr 17, 2010 3:15am
Hello Guys
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 88 KB
  • #218,813
  • Edited 8:07am Apr 17, 2010 7:41am | Edited 8:07am
Quoting javapips
we are Flying.... i'm ready for 1.5546...
Hi
I'm not sure from where u take long but hope u have a plan
My sell still in play
http://www.forexfactory.com/showpost...stcount=217663
  • #218,814
  • Apr 17, 2010 8:20am Apr 17, 2010 8:20am
Quoting egkid
Hi
I'm not sure from where u take long but hope u have a plan
My sell still in play
http://www.forexfactory.com/showpost...stcount=217663
keep your short i think we might have seen a high due to both elections and the speculation of a retracement in equities.
  • #218,815
  • Apr 17, 2010 8:48am Apr 17, 2010 8:48am
Couple of cable charts to have a gander at here.
1st, M30.
Red circle and green circle indicate that we have a negative cross on the M30 chart confirmation of downside. As the cross has just taken effect, expectations of a retrace back to the 200EMA on M30 are present for proper bring back and play through on confirmation. Moving through the time frames, the confirmation on M30 gives the low side target of the H1 200EMA. Green area shows next possible support area.

2nd, H1.
H1, depending on your broker, you may see 2 things here. 1, close of day was just a hair lower than London close, and 2, the close of day was right smack dab on the H1 200EMA. From here, again for proper retrace area, I would expect a bring back to M30 200EMA and a second possible attack at this zone. Lower areas circled is the 600EMA, next possible hourly support if downtrend continues.

3rd chart, USDCAD weekly chart.
Again drawing an inverse correlation from the UC chart, the weekly 1440EMA has proven to again be a strong reaction point. So, a couple of possibilities here.
1. The support on UC will be enough to take the current cable long trend and turn it back to a southside run.
2. The reaction on the weekly is just a price point reaction and we see a second attack at this line crushing through, taking Cable back long and creating a new low for USDCAD.
3. The inverse correlation fails here. Cable continues up, USDCAD continues up.
4. The inverse correlation fails here. Cable and USDCAD go into wild tail spins and USDCAD crushes through chart bottom, Cable takes a second run at yearly lows.
5. Well, there is nothing to add here, I think I have covered all possibilities, maybe make this a "None of the Above", and price hovers here heading sideways for eternity....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable30.jpg Size: 113 KB
Click to Enlarge Name: cable1.jpg Size: 121 KB
Click to Enlarge Name: usdcadweek.jpg Size: 150 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #218,816
  • Apr 17, 2010 9:41am Apr 17, 2010 9:41am
Quoting malcolmb14
yeah on days like today 800 % return easy

I remeber one day on a Friday my buddy who trades options calls me .
Hey mal buy lehamn bros 20 puts that expire next week. Price was 26. Ciost 1500. I thought what a waste of money. Come MOnday that 1.5 k was worth 450 k . Did not place the trade.


Listen people, there is this old adage which goes like this...

"If it is too good to be true, it probably is."

No one heard of Ponzi? ...Oh deary deary me. People have such short-term memories!
  • #218,817
  • Apr 17, 2010 9:48am Apr 17, 2010 9:48am
Quoting Magix
Couple of cable charts to have a gander at here.
1st, M30.
Red circle and green circle indicate that we have a negative cross on the M30 chart confirmation of downside. As the cross has just taken effect, expectations of a retrace back to the 200EMA on M30 are present for proper bring back and play through on confirmation. Moving through the time frames, the confirmation on M30 gives the low side target of the H1 200EMA. Green area shows next possible support area.

2nd, H1.
H1, depending on your broker, you may see 2 things here. 1, close of...
Superb as always!

Do you voodoo boodoo like these guys do? Otherwise you might end up in some doodoo!

What is my take on it... like Magix, I will be watching what PA does before I jump on the bandwagon.

Have a great remaining weekend and hopefully see you on Sunday!

P.S. I am getting stuck into your old thread. Nice piece of work
  • #218,818
  • Apr 17, 2010 9:52am Apr 17, 2010 9:52am
Quoting wormboy
Was there ever any doubt @5380 today? Not me. Scalped almost all the bounces, missed one by 20 pips & missed another nice short setup off the dp. But all in all, a good trading day nonetheless.

However, we had tightened the emergency stops for our swing positions to 5330. Reason is that although the 5380 still provides significant technical support, we're not taking too much risk carrying our long term positions into next week knowing little if the GS news earlier would have a negative implications on our trades.
Time will tell. Good luck & enjoy...
I closed all my positions on Friday, as I am still wary of the weekend, although I will be looking to get some long-term longs in hopefully as that daily ltl looks very appealing! I will bide my time. Have a great remaining weekend.
  • #218,819
  • Apr 17, 2010 9:52am Apr 17, 2010 9:52am
Quoting bbakker
Superb as always!

Do you voodoo boodoo like these guys do? Otherwise you might end up in some doodoo!

What is my take on it... like Magix, I will be watching what PA does before I jump on the bandwagon.

Have a great remaining weekend and hopefully see you on Sunday!

P.S. I am getting stuck into your old thread. Nice piece of work
Magix is voodoo boodoo god. a small group of us trade in skype everyday. Five awesome trades chewing up the markets.

I missed move one day as woke up late said hey Magix where is my entry . ' easy say mag here it is ...' damn hit it to the pip and snagged 50 pip in bag . Had to wait for 50 pip drop 1st though.
Blogging daily now at www.volume.zone
  • #218,820
  • Apr 17, 2010 10:18am Apr 17, 2010 10:18am
Quoting malcolmb14
Magix is voodoo boodoo god. a small group of us trade in skype everyday. Five awesome trades chewing up the markets.

I missed move one day as woke up late said hey Magix where is my entry . ' easy say mag here it is ...' damn hit it to the pip and snagged 50 pip in bag . Had to wait for 50 pip drop 1st though.
That's why I am going to go through his old thread with a fine tooth comb to find out what his secrets are. Once I have done that and if I have any remaining questions, I will pm him if needs arise.

Can't wait to get stuck in, but I promised my wife to spend some more time with the kids this weekend. She's popped out with them to do some shopping, so I grabbed the opportunity for a quick few minutes on here

Catch you all later!
961 traders viewing now