Cable Update (GBPUSD) | Page 10965 | 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)

  • #219,281
  • Apr 19, 2010 9:33am Apr 19, 2010 9:33am
Quoting Dukeabout
Sorry - meant .5405....... , that would be TL on H4

Even 5405 would be a tough one in my humble opinion, that would mean a move of 200 pips up for a Monday, that would need some catastrophic news to make it happen or a CBE intervention. Know about any more volcanoes we haven't heard about yet?
  • #219,282
  • Apr 19, 2010 9:33am Apr 19, 2010 9:33am
Quoting pawpaw1000
I hate going against wormy!!!
should be fine if you're holding short from above 5380

Good luck to you
Thank You
  • #219,283
  • Apr 19, 2010 9:34am Apr 19, 2010 9:34am
I hope you are all enjoying this>

Jim
  • #219,284
  • Apr 19, 2010 9:36am Apr 19, 2010 9:36am
Quoting A-speculator
you entered short too soon bro.. i think for short term trade, shorting @ 5350/5380 make more sense..
agree with you looking at the 4h but was just so anxious to short (mistake number 1) and didnt want the downward move to continue without me as I had been waiting for break of 5330 for sooo long (2nd mistake, chasing trades)...

But am confident that with my s/l well out of the way, my trade should continue as planned ;-)

38.2 holding nicely... GO BEARS!!! just hoping...
@pawpaw1000 on Twitter
  • #219,285
  • Apr 19, 2010 9:40am Apr 19, 2010 9:40am
Quoting pawpaw1000
agree with you looking at the 4h but was just so anxious to short (mistake number 1) and didnt want the downward move to continue without me as I had been waiting for break of 5330 for sooo long (2nd mistake, chasing trades)...

But am confident that with my s/l well out of the way, my trade should continue as planned ;-)
To tell u the truth, I don't think we are in downtrend, well look at 4h, I keep repeating this: currently we have higher high and higher low. Maybe that's just me, maybe I'm married to this uptrend but until I see lower low at least on 4h, I'm buying GU, it's on discount today..
  • #219,286
  • Apr 19, 2010 9:40am Apr 19, 2010 9:40am
Quoting wormboy
Price had bounced off ascending ltl & even tho the D1 is not completed yet, we've bought cable & looking for 5380 level retest as the first target as this is deemed a high probability setup.
Let's see how this goes.

Earlier chart:
1. http://cdn.forexfactory.com/attachme...0&d=1271630035


in long as well. didn't get as nice an entry as you did off the ltl bounce.
went in on the break of 15274 (8H 86ema) resistance.

I'll be happy if we hit 15360 for TP. If 15300 doesn't hold then I'm out of this trade... not completely loving this PA atm.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.JPG Size: 166 KB
  • #219,287
  • Apr 19, 2010 9:42am Apr 19, 2010 9:42am
Quoting pawpaw1000
agree with you looking at the 4h but was just so anxious to short (mistake number 1) and didnt want the downward move to continue without me as I had been waiting for break of 5330 for sooo long (2nd mistake, chasing trades)...

But am confident that with my s/l well out of the way, my trade should continue as planned ;-)

38.2 holding nicely... GO BEARS!!! just hoping...

price broke 5330 during asia open. why did you not sell then?
Thank You
  • #219,288
  • Apr 19, 2010 9:42am Apr 19, 2010 9:42am
Hi Guys

Sorry for the off topic question... Does anyone know where I can find some online or even offline info/literature regarding trading specificaly this pair?

Thanks in advance

Bob
www.tradesdirect.com
  • #219,289
  • Apr 19, 2010 9:42am Apr 19, 2010 9:42am
Quoting Fudomyo


I'll be happy if we hit 15360 for TP. If 15300 doesn't hold then I'm out of this trade... not completely loving this PA atm.

I took some of my profits of the table, stil letting a sizeable trade continue to 53463.
  • #219,290
  • Apr 19, 2010 9:43am Apr 19, 2010 9:43am
Quoting cloggie
Even 5405 would be a tough one in my humble opinion, that would mean a move of 200 pips up for a Monday, that would need some catastrophic news to make it happen or a CBE intervention. Know about any more volcanoes we haven't heard about yet?
yeah - maybe, but look at GJ - may be y are right - but I believe it has to close the gap - hopefully not one week like EU last week... it it see the TL I don't know - but after hitting TL is short time for me...We will see....
  • #219,291
  • Apr 19, 2010 9:44am Apr 19, 2010 9:44am
Quoting pawpaw1000
changed s/l to 5390...
Ditto
  • #219,292
  • Apr 19, 2010 9:44am Apr 19, 2010 9:44am
Quoting wormboy
price broke 5330 during asia open. why did you not sell then?
wasnt here to trade, played in south of france the weekend and only got back this morning at 4am, didnt wanna trade directly after a gap like we had as I was worried it might fill. I dont think so anymore...
@pawpaw1000 on Twitter
  • #219,293
  • Apr 19, 2010 9:46am Apr 19, 2010 9:46am
Quoting Fudomyo


in long as well. didn't get as nice an entry as you did off the ltl bounce.
went in on the break of 15274 (8H 86ema) resistance.

I'll be happy if we hit 15360 for TP. If 15300 doesn't hold then I'm out of this trade... not completely loving this PA atm.
Good to have you on board
I didn't get it exactly at the ltl bro. multiple entries @5208 & @5254.
5360 is the s1, so that is very likely imho given the current momentum.
Time will tell. Good luck to us!
Thank You
  • #219,294
  • Apr 19, 2010 9:48am Apr 19, 2010 9:48am
Quoting free4440273
careful shorts -- this could go much higher still

Don't worry at all mate !

Short Positions R Temporarily !

Longer term view is as below.....

Do U remember my earlier post...!?




.
.
.
.
..
.
.
.
..
.

..
.
.
.
.
.
.
.
..
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD - H4 (1).gif Size: 18 KB
  • #219,295
  • Apr 19, 2010 9:49am Apr 19, 2010 9:49am
Quoting pawpaw1000
wasnt here to trade, played in south of france the weekend and only got back this morning at 4am, didnt wanna trade directly after a gap like we had as I was worried it might fill. I dont think so anymore...
okay
Thank You
  • #219,296
  • Apr 19, 2010 9:49am Apr 19, 2010 9:49am
Quoting wormboy
Good to have you on board
I didn't get it exactly at the ltl bro. multiple entries @5208 & @5254.
5260 is the s1, so that is very likely imho given the current momentum.
Time will tell. Good luck to us!
wow, i only have 1 pos, you already got 3.. hardcore trader!
  • #219,297
  • Apr 19, 2010 9:51am Apr 19, 2010 9:51am
Quoting A-speculator
wow, i only have 1 pos, you already got 3.. hardcore trader!
2 jea la. mana ada 3 hehehe

p/s : tengah tengok do re mi
Thank You
  • #219,298
  • Apr 19, 2010 9:56am Apr 19, 2010 9:56am
Quoting forexlion
Quoting Martingale
any chance for a pullback at some point? not asking to close the gap... but at least... to get some rest?
some gaps never close, we call them nuns
heck, i thought they were nuns
  • #219,299
  • Apr 19, 2010 9:59am Apr 19, 2010 9:59am
Has anyone been paying attention to the inverse relation of UCad to GU ? .. nice way to pick up some extra pips today shorting the UCad which gave some great reversal signals 2-3 hours ago. Still not too late to surf that one on retraces on the 5 min.
******************* I'd rather make money than be right.
  • #219,300
  • Apr 19, 2010 9:59am Apr 19, 2010 9:59am
x
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB
Fools Rushing
512 traders viewing now