Cable Update (GBPUSD) | Page 11693 | 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)

  • #233,841
  • Jun 25, 2010 9:28am Jun 25, 2010 9:28am
Quoting 4xSuperStar
OK, here is mine .. can't go long here, missed that earlier. Last attempt above the DB was very week MACD .. this is a low probability trade IMO but the SL can be kept tight so ... maybe worth a shot.
Awesome 4x...

A view at your M30 indicates that though we have a bit of a stick position, the current trend is upwards. We have found support on an m30 chart, if we were to assume continuation of trend, taking a look, signal and trigger off a 5m might prove to add a few more scoobie snacks to the party bowl for the weekend. Your M30 MACD seems to want to move above the zero line and go positive, for how much and how long??? Guess we will have to wait and see.

At least that's how I see it...

Thanks for putting up the chart!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #233,842
  • Jun 25, 2010 9:36am Jun 25, 2010 9:36am
Quoting Magix
Thanks for putting up the chart!

And thanks for your analysis!
******************* I'd rather make money than be right.
  • #233,843
  • Jun 25, 2010 9:36am Jun 25, 2010 9:36am
Quoting Magix
Agreed...throwing down a chart takes only a few seconds to explain your reasoning...

Who knows, somebody might actually learn something new..
no need for charts wise man i will flip the coin the one colggie send to me

es on the lows
  • #233,844
  • Jun 25, 2010 9:36am Jun 25, 2010 9:36am
Quoting kill56
no need for charts wise man i will flip the coin the one colggie send to me

Just make sure you put the weight on the right side.
  • #233,845
  • Jun 25, 2010 9:38am Jun 25, 2010 9:38am
LibDem rebels may reverse VAT rise . market will not like this.

http://www.thisismoney.co.uk/news/ar...page_id=2&ct=5









But Mr Hughes warned that the Government could fall apart if the pledges were abandoned.
'What has been agreed must stand and there cannot be any unpicking of items in that deal otherwise the whole thing risks falling apart,' he said.
'If there is any suggestion that it changes there clearly would be trouble.'
His statement to the Commons caused panic in Downing Street, where senior LibDems raced to issue a 'clarifying statement', insisting that the party was not planning a rebellion on the Budget


  • #233,846
  • Edited 9:52am Jun 25, 2010 9:39am | Edited 9:52am
Quoting cloggie
Just make sure you put the weight on the right side.

i did man and working great u cant miss

u see its working u got u 70's
  • #233,847
  • Jun 25, 2010 9:41am Jun 25, 2010 9:41am
here is what i see now
Attached Image
GELORE
  • #233,848
  • Jun 25, 2010 9:52am Jun 25, 2010 9:52am
Quoting cloggie
Oh I don't know, I wouldn't sell this until we see 4976

Here we go, job done. Will keep an eye on the PA for a bit to see where this is going, while watching the footy.
  • #233,849
  • Jun 25, 2010 9:54am Jun 25, 2010 9:54am
nice up...

reached 23 of fibo (common target) and is near H4
Two resons to retrace, but im little confused... im with 2 shorts, i wish go down, but maybe the price goes to H5 and make new high
Attached Image (click to enlarge)
Click to Enlarge Name: guup.jpg Size: 195 KB
  • #233,850
  • Jun 25, 2010 9:57am Jun 25, 2010 9:57am
Quoting baruch
nice up...

reached 23 of fibo (common target) and is near H4
Two resons to retrace, but im little confused... im with 2 shorts, i wish go down, but maybe the price goes to H5 and make new high

There is nothing here that tells me a short is valid yet. Even looking at your chart there is nothing indicating a short from here. We first need a solid rejection of 4976 first. I don't like picking tops, especially on a Freaky Friday in the summer. I can only see this going up. With a large enough stop, one could anticipate a short. I like my shorts priced a bit better though.
  • #233,851
  • Jun 25, 2010 10:05am Jun 25, 2010 10:05am
Baruch, just looked at your chart again, you running your shorts in the red now by close to 50 pips? You may need to have those stops above 1.5. 4985 is the one to watch. But please trade your own plan, stops and MM.
  • #233,852
  • Jun 25, 2010 10:07am Jun 25, 2010 10:07am
london closing in 25 we might see H4 on weekly in play its crazy and its friday
Attached Image (click to enlarge)
Click to Enlarge Name: 1h cable.gif Size: 18 KB
  • #233,853
  • Jun 25, 2010 10:10am Jun 25, 2010 10:10am
Quoting cloggie
Baruch, just looked at your chart again, you running your shorts in the red now by close to 50 pips? You may need to have those stops above 1.5. 4985 is the one to watch. But please trade your own plan, stops and MM.
thanks for the advice Cloogie...
Im thinking in stop my shorts if the price break H4 1.4984
but this price was reached and is going down

lets wait and see now...
  • #233,854
  • Jun 25, 2010 10:11am Jun 25, 2010 10:11am
Quoting baruch
thanks for the advice Cloogie...
Im thinking in stop my shorts if the price break H4 1.4984
but this price was reached and is going down

lets wait and see now...

Like I said 4985 is your key, a rejection of that and your shorts may have some life in it, a close above and the week's high is going to go. So far it has been a standard day, LO gave us the drop, we had the reversal and NY gave us the top, from here we are meandering. Stops above 1.5 is the logical place.

Still not my kind of play though having a trade run against me for 60 pips, but to each their own.

Put up a lTL on your M15, that's your guide.
  • #233,855
  • Jun 25, 2010 10:21am Jun 25, 2010 10:21am
Sorry but whats a ITL?
  • #233,856
  • Jun 25, 2010 10:21am Jun 25, 2010 10:21am
Quoting baruch
Sorry but whats a ITL?
Sorry Lower Trend Line
  • #233,857
  • Jun 25, 2010 10:23am Jun 25, 2010 10:23am
If this holds we'll see a new high, if it goes your shorts may live....
Attached Image (click to enlarge)
Click to Enlarge Name: ltl m15.gif Size: 15 KB
  • #233,858
  • Jun 25, 2010 10:25am Jun 25, 2010 10:25am
I see... thanks!
  • #233,859
  • Jun 25, 2010 10:27am Jun 25, 2010 10:27am
And this is why 4985 is key
Attached Image (click to enlarge)
Click to Enlarge Name: 4985 m15.gif Size: 17 KB
  • #233,860
  • Jun 25, 2010 10:31am Jun 25, 2010 10:31am
And of course this is still the longer time TL that has been in play since Monday, beautifully respected and nicely played.
Attached Image (click to enlarge)
Click to Enlarge Name: 4985 break.gif Size: 16 KB
1,104 traders viewing now