Cable Update (GBPUSD) | Page 11735 | 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)

  • #234,681
  • Jun 30, 2010 7:46am Jun 30, 2010 7:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 29 KB
i'll do my best, and let the old lady decide where she wanna go
  • #234,682
  • Jun 30, 2010 7:48am Jun 30, 2010 7:48am
Quoting cloggie
You'll get a consolidation at least, that should give you a clear picture whether we get a bounce or a continuation, just set the range on M5/15 and wait for the break.
Thanks... am doing that..
Don't be emo... don't be emo....
  • #234,683
  • Jun 30, 2010 7:50am Jun 30, 2010 7:50am
Quoting drakes
Thanks... am doing that..

days like today are lovely to trade, the fundies help out giving us great entries, the technical hasn't wavered yet. So far no matter how hard they tried the fundies could now sway the techies.
  • #234,684
  • Jun 30, 2010 7:52am Jun 30, 2010 7:52am
Quoting cloggie
days like today are lovely to trade, the fundies help out giving us great entries, the technical hasn't wavered yet.
Yeah well... can do with a little less stress from all the bouncing up and down...
Don't be emo... don't be emo....
  • #234,685
  • Jun 30, 2010 8:02am Jun 30, 2010 8:02am
Quoting Bull_Bear
Morning folks, taking long off the table, possible retrace back to 1.4900 area.

Sell 1.5053.. SL 1.5120.. TP 1.4900

Catch you guys at the London session
There you go folks lock her in and let her run.

Later guys....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #234,686
  • Jun 30, 2010 8:03am Jun 30, 2010 8:03am
Quoting cloggie
Looks like we keep getting little nudges from the fundamentals today, technically she wants to head to a test of 49, fundamentally we keep getting held up. Let's see if the ADP can clear the direction later, I have been trading the short side since this morning and covered earlier, would still like to see a visit of the 150 on H1, around 4966, once that goes 4953 is next. IF the fundies hold us up we will see the DP again.

For now I am still short biased for the day, just selling the retraces and riding the waves, keeping a close on the euro.

I...

This entire scenario is playing out beautifully, the fundies took us up to the DP and the techies got their 4966, all pretty much to the pip. It took 3 hours, but I love it when a plan comes together.
  • #234,687
  • Jun 30, 2010 8:03am Jun 30, 2010 8:03am
Quoting drakes
Yeah well... can do with a little less stress from all the bouncing up and down...

But the bouncing around shows you the interplay between the fundies and the techies.
  • #234,688
  • Jun 30, 2010 8:06am Jun 30, 2010 8:06am
Quoting cloggie
But the bouncing around shows you the interplay between the fundies and the techies.
Unfortunately I still have lots to learn how fundies and techies will affect the market... hence the stress....
Don't be emo... don't be emo....
  • #234,689
  • Jun 30, 2010 8:07am Jun 30, 2010 8:07am
The channel from this morning has played out exactly. I covered my shorts and lets see what happens from here.

If this continues beyond my original target I would want the price to pierce and close below the bottom of the channel first forming a solid resistance before I can adjust the channel and the plan accordingly. Following my strategy and plan from this morning we have reached no-mans land and I would want to see a new setup forming to justify a continuation beyond the lTL. So time for some lunch while I wait for the next pattern to emerge. There are 2 possible scenarios here, one a return to the channel from this morning, two a parallel channel to form below this, I am patiently going to sit and watch to see which one gets confirmed.
.
Attached Image (click to enlarge)
Click to Enlarge Name: channel respected.gif Size: 28 KB
  • #234,690
  • Jun 30, 2010 8:12am Jun 30, 2010 8:12am
finally TP...
change to long. SL 45 (chart latter if work)


ps: i don't thing it work, but i already plan it, so, i'm in.
I will be the number one Manager.
  • #234,691
  • Jun 30, 2010 8:18am Jun 30, 2010 8:18am
Quoting javapips
finally TP...
change to long. SL 45 (marriage latter if work)


ps: i don't thing it work, but i already plan it, so, i'm in.
  • #234,692
  • Jun 30, 2010 8:20am Jun 30, 2010 8:20am
Quoting forexlion
what's up pussy cat, busy with your thread?
I will be the number one Manager.
  • #234,693
  • Jun 30, 2010 8:31am Jun 30, 2010 8:31am
Here is my updated asschart which shows my thinking behind my plan this morning, evey asslevel on the way up has been respected and we are now at the next asslevel on the H4, awaiting confirmation of direction from here.


.
Attached Image (click to enlarge)
Click to Enlarge Name: updated asschart june july.gif Size: 14 KB
  • #234,694
  • Jun 30, 2010 8:33am Jun 30, 2010 8:33am
I am enjoying being here today again, another great example how 90% of us agree with the plays available and post several charts with the setups and the eventual conclusions of strategies.

So much better then the days of bickering back and forth and the d!ck swinging contests.
  • #234,695
  • Jun 30, 2010 8:42am Jun 30, 2010 8:42am
Channel respected beautifully, those taking cheeky longs of the support here should keep a tight SL, those looking for a continuance should watch the play with the center of the channel, always a good indication of intention. Use whatever favourite means of determining direction you have to find your setups here. I am still watching for a good setup, nothing I see that makes me want to trade in either direction right now.

.
Attached Image (click to enlarge)
Click to Enlarge Name: channel respected.gif Size: 29 KB
  • #234,696
  • Jun 30, 2010 8:44am Jun 30, 2010 8:44am
The bounce up finally...
Don't be emo... don't be emo....
  • #234,697
  • Jun 30, 2010 8:57am Jun 30, 2010 8:57am
Quoting drakes
The bounce up finally...
Right now I am watching the interplay with the 25 on M15 for a possible short setup again to the bottom of the channel. We are getting tweezer bottoms on the hourly though.
  • #234,698
  • Jun 30, 2010 9:06am Jun 30, 2010 9:06am
still not sure if it's work or not, need 2 or 3 more 1 hours candle. but this is why i enter long.
Attached Image (click to enlarge)
Click to Enlarge Name: juni 30.JPG Size: 49 KB
I will be the number one Manager.
  • #234,699
  • Edited 9:21am Jun 30, 2010 9:08am | Edited 9:21am
Quoting javapips
still not sure if it's work or not, need 2 or 3 more 1 hours candle. but this is why i enter long.

A very valid setup, especially in light of the tweezer bottoms on the hourly. You want a close above 4998 on M15 for it to hold.
  • #234,700
  • Jun 30, 2010 9:14am Jun 30, 2010 9:14am
Will this continue to go up? or should I close the position at about 4995?
523 traders viewing now, 2 are registered:
F.g
,