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Cable Update (GBPUSD)

  • #233,001
  • Jun 22, 2010 10:55am Jun 22, 2010 10:55am
Quoting intrepid1
EURO

Almost, it is EURUSD to be specific.
  • #233,002
  • Jun 22, 2010 10:57am Jun 22, 2010 10:57am
Quoting cloggie
Almost, it is EURUSD to be specific.
So Cable means GBP/USD or just GBP?
  • #233,003
  • Jun 22, 2010 11:01am Jun 22, 2010 11:01am
Quoting intrepid1
So Cable means GBP/USD or just GBP?
Yup, the below are some common ones.

GBPUSD Cable
EURUSD Fibre
USDCHF Swissy
AUDUSD Ozzie/Aussie
USDCAD Loonie (cause the Canucks are nuts)
EURJPY Yuppie
EURGBP Chunnel
GBPJPY Gopher
NZDUSD Kiwi
USDJPY Ninja
  • #233,004
  • Jun 22, 2010 11:02am Jun 22, 2010 11:02am
no break no shake lets see fiber looks sweet too
Attached Image (click to enlarge)
Click to Enlarge Name: 1h cable.gif Size: 20 KB
  • #233,005
  • Jun 22, 2010 11:03am Jun 22, 2010 11:03am
On the hourly chart, I have the cable comfortly sitting on the 0.500 retracement level (from yesterday's high to this morning's low in EST). It also stuttered at the previous level before making it there. If it goes up, 1.4880 will be an important resistance.
  • #233,006
  • Jun 22, 2010 11:06am Jun 22, 2010 11:06am
fiber with honey

lets see if es break the low it will be nice
Attached Image (click to enlarge)
Click to Enlarge Name: 1h eur.gif Size: 20 KB
  • #233,007
  • Jun 22, 2010 11:14am Jun 22, 2010 11:14am
why gu so strong

is that to eliminate weak shorts?

fundamentally i dont see any good for uk economy indeed..ok controlling deficit and debt are good but it seems to me less growth in following years, therefore today's budget statement looks not good for gu indeed..so should we wait bearish resume in a few days or do you think we are going to test 1.50?

any comments..thanks in advance
  • #233,008
  • Jun 22, 2010 11:24am Jun 22, 2010 11:24am
Quoting USD-Bear
Couldn't resist taking a long and a short at current level 1.4847 both with tight stops, it has to move sometime and after this long period of silence mostly heavy
Ok, short it is, first 14 pip not mine
Don't be a hero. Don't have an ego. Always question yourself
  • #233,009
  • Jun 22, 2010 11:26am Jun 22, 2010 11:26am
Quoting frugal
why gu so strong

is that to eliminate weak shorts?

fundamentally i dont see any good for uk economy indeed..ok controlling deficit and debt are good but it seems to me less growth in following years, therefore today's budget statement looks not good for gu indeed..so should we wait bearish resume in a few days or do you think we are going to test 1.50?

any comments..thanks in advance
Look at your daily and weekly, we are consolidating here. Compare this to last February. Just play the range.
  • #233,010
  • Jun 22, 2010 11:28am Jun 22, 2010 11:28am
Quoting kill56
fiber with honey

lets see if es break the low it will be nice

Yeah looking for 2268, 2250 and 2220
  • #233,011
  • Jun 22, 2010 11:32am Jun 22, 2010 11:32am
Quoting cloggie
Yeah looking for 2268, 2250 and 2220
50 is fine with me for now on cable i think we will visit the DP lets see we have time es on the lows
  • #233,012
  • Jun 22, 2010 11:35am Jun 22, 2010 11:35am
Quoting kill56
50 is fine with me for now on cable i think we will visit the DP lets see we have time es on the lows

I don't like the pattern right now on Cable, staying out. Still want to see how 4862 is going to hold.
  • #233,013
  • Jun 22, 2010 11:38am Jun 22, 2010 11:38am
That or I'm thinking maybe down to the 200ema on the 5min chart. By then they might be around the same,give or take a few pips.
Hope all is doing well with you.
Hey there Cloggie.Long time no see.How's it been?
Quoting kill56
50 is fine with me for now on cable i think we will visit the DP lets see we have time es on the lows
  • #233,014
  • Jun 22, 2010 11:39am Jun 22, 2010 11:39am
Quoting cloggie
I don't like the pattern right now on Cable, staying out. Still want to see how 4862 is going to hold.
thats H4 on cma's i think we are close to H3 and DP but its a crazy b;;;;;;;;;;;;;;;;;;sh u will never know
Attached Image (click to enlarge)
Click to Enlarge Name: 30m cable.gif Size: 21 KB
  • #233,015
  • Jun 22, 2010 11:40am Jun 22, 2010 11:40am
Quoting Ineedpips9
Hey there Cloggie.Long time no see.How's it been?
Yeah fine, enjoying the WC now. Other then that it is a quiet summer, Cable is consolidating on the weekly and its share in my profits has dropped by quite a bit so am concentrating on fibre instead lately. How's the book?
  • #233,016
  • Jun 22, 2010 11:41am Jun 22, 2010 11:41am
Quoting cloggie
Yeah looking for 2268, 2250 and 2220

Check one.
  • #233,017
  • Jun 22, 2010 11:44am Jun 22, 2010 11:44am
Quoting Ineedpips9
That or I'm thinking maybe down to the 200ema on the 5min chart. By then they might be around the same,give or take a few pips.
Hope all is doing well with you.
Hey there Cloggie.Long time no see.How's it been?

all great hope u are in green

thats what i am looking for but H3 or DP is good for me if we do break the 200 it will be great

looking at es i think we might visit the ema 200 i might be wrong
  • #233,018
  • Jun 22, 2010 11:47am Jun 22, 2010 11:47am
Quoting cloggie
Check one.

thinking 30 green not bad darn still more juice in both

es is giving some ground
  • #233,019
  • Jun 22, 2010 11:55am Jun 22, 2010 11:55am
I've been working on getting better at recognizing how cable and fibre move in relation to eg.Looking closely at how the ma plays as s/r.
The few of us yanks who love the sport are still pretty pissed about the phantom call that took our game-winning goal away,but overall I think everyone's had a questionable call or two against them.I guess it could be worse,I could be on the French team (don't mean to offend, but karma always comes around.)
Haven't placed too many trades lately,maybe 3 or 4 a day for the past few trading days.I find my book doing better when I trade close of London/beginning few hours of NY sessions.Best trades for me come when I wait for the pa to play through a 200ema on a tf and moves to the 200ema on the next tf.I've been getting great help with this.
How's the fibre going for you?
Quoting cloggie
Yeah fine, enjoying the WC now. Other then that it is a quiet summer, Cable is consolidating on the weekly and its share in my profits has dropped by quite a bit so am concentrating on fibre instead lately. How's the book?
  • #233,020
  • Jun 22, 2010 12:03pm Jun 22, 2010 12:03pm
Hello IneedPips,
I've been using lines to predict support and resistance.
I dropped 50 and 200 EMA on the charts to see if there is any predictive consistency.

A 5 minute EMA(50,200) is wildly different from a 1 Hour EMA(50,200)
How do people handle these differences to attain predictive results?
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