Cable Update (GBPUSD) | Page 11853 | 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)

  • #237,041
  • Jul 11, 2010 8:40pm Jul 11, 2010 8:40pm
Quoting kill56
one more chart befor i go to sleep i might be wrong best of luck to all
I am waiting for it to break 150 before I can comfortably move my SL to BE at 150.48 and go to sleep.
  • #237,042
  • Jul 11, 2010 8:56pm Jul 11, 2010 8:56pm
Quoting Purple
I am waiting for it to break 150 before I can comfortably move my SL to BE at 150.48 and go to sleep.
cool i think we might see ema200 on h4

i am trying some new software
Attached Image (click to enlarge)
Click to Enlarge Name: ew 60m.GIF Size: 53 KB
  • #237,043
  • Jul 11, 2010 9:07pm Jul 11, 2010 9:07pm
Hi everybody,

Did anybody short GU when it retraced to breakdown price level near 1.5080? It could come up to 1.5078 before a strong down move. Anybody could short it is now sitting at more than 60 pips profit.

Have good winning week !

Regards,
James
  • #237,044
  • Jul 11, 2010 9:17pm Jul 11, 2010 9:17pm
Quoting Purple
Sold one at 150.48.

closed at 150.10, would look to short again higher in same area.
  • #237,045
  • Jul 11, 2010 9:21pm Jul 11, 2010 9:21pm
Quoting Purple
closed at 150.10, would look to short again higher in same area.
  • #237,046
  • Jul 11, 2010 9:23pm Jul 11, 2010 9:23pm
Quoting Purple
closed at 150.10, would look to short again higher in same area.
Nice going!
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,047
  • Jul 11, 2010 9:26pm Jul 11, 2010 9:26pm
thanks.. i think i am just getting lucky lol..
  • #237,048
  • Jul 11, 2010 9:37pm Jul 11, 2010 9:37pm
Quoting Purple
thanks.. i think i am just getting lucky lol..
Hey.. a green pip is a green pip no matter how you get it!

I am currently looking for another long with some reduced risk....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,049
  • Jul 11, 2010 9:39pm Jul 11, 2010 9:39pm
Let's give 1.50 another try.
  • #237,050
  • Jul 11, 2010 9:44pm Jul 11, 2010 9:44pm
First target zone hit on the short side.

Chart 1, forecast.
Chart 2, current.

http://www.forexfactory.com/showpost...stcount=236852

Check your daily fib lines for this point.

We have a London low and daily pivot we will most likely chase before seeing much more to the south side, but playing really nice so far.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4upd.jpg Size: 92 KB
Click to Enlarge Name: h4tgt2.jpg Size: 89 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,051
  • Jul 11, 2010 9:44pm Jul 11, 2010 9:44pm
If this pin bar on the 1H holds, I think I will be taking it. This looks to be not only a bounce off a weekly and daily pivot level, but a .618 fib level as well....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,052
  • Jul 11, 2010 9:54pm Jul 11, 2010 9:54pm
Quoting Magix
First target zone hit on the short side.

Chart 1, forecast.
Chart 2, current.

http://www.forexfactory.com/showpost...stcount=236852

Check your daily fib lines for this point.

We have a London low and daily pivot we will most likely chase before seeing much more to the south side, but playing really nice so far.

I am looking at possibly a 1.5150, but as usual, price action may change that to something else.. have to see how it plays out.

Did you have a nice weekend?

BTW.. what do you mean by you have a London Low to chase?
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,053
  • Jul 11, 2010 10:01pm Jul 11, 2010 10:01pm
Quoting damonl
I am looking at possibly a 1.5150, but as usual, price action may change that to something else.. have to see how it plays out.

Did you have a nice weekend?

BTW.. what do you mean by you have a London Low to chase?
Weekend wasn't bad...

Check the Friday London low before close. That is where we will see again as London has not had a chance to see the space in the chart from there to what we now have as a new weekly low.

After getting to that point, expect London to chase and touch on support, see how strong it is. The H4 chart says we got a lot of down room before we need to be bought back up, but will see some nice plays on both sides of the action.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,054
  • Jul 11, 2010 10:06pm Jul 11, 2010 10:06pm
Quoting Magix
Weekend wasn't bad...

Check the Friday London low before close. That is where we will see again as London has not had a chance to see the space in the chart from there to what we now have as a new weekly low.

After getting to that point, expect London to chase and touch on support, see how strong it is. The H4 chart says we got a lot of down room before we need to be bought back up, but will see some nice plays on both sides of the action.

hmmm.. I don't normally trade London, but going to give it a pretty concerted effort again.. Usually just Asian and NY. Is it pretty common about a retest to Friday's London Low, which I presume is 1.5080.

If that is common, then what you just said sure made a lot of sense....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,055
  • Jul 11, 2010 10:09pm Jul 11, 2010 10:09pm
Quoting damonl
hmmm.. I don't normally trade London, but going to give it a pretty concerted effort again.. Usually just Asian and NY. Is it pretty common about a retest to Friday's London Low, which I presume is 1.5080.

If that is common, then what you just said sure made a lot of sense....
London always fills the back plays.

ALWAYS.

Plays if we move up right now to London Low will look something like the chart posted...If we open at bottom, we will be just moving up and watching for direction from there.

A guess...Hey, we could drop a couple hundred from here...really who knows, but, one thing is for sure, the area on the chart will be filled at some point, most likely sooner then later.
Attached Image (click to enlarge)
Click to Enlarge Name: motion.jpg Size: 88 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,056
  • Jul 11, 2010 10:11pm Jul 11, 2010 10:11pm
Quoting Magix
London always fills the back plays.

ALWAYS.

Plays if we move up right now to London Low will look something like the chart posted...If we open at bottom, we will be just moving up and watching for direction from there.

A guess...Hey, we could drop a couple hundred from here...really who knows, but, one thing is for sure, the area on the chart will be filled at some point, most likely sooner then later.

I know that Asian usually fills and bounces, as I normally play it, but working on some longer term stuff, which is kind of exciting for me. Good info about London though, will have to keep an eye out for that.
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,057
  • Jul 11, 2010 10:41pm Jul 11, 2010 10:41pm
Quoting damonl
I know that Asian usually fills and bounces, as I normally play it, but working on some longer term stuff, which is kind of exciting for me. Good info about London though, will have to keep an eye out for that.
With a couple of strategic hedges on the 1m, this drop netted me close to $4k...a very nice way to start a week.

I have a chance long open, and will add until the London fill before trying to gauge further direction...

I am more of a hit and run kinda guy.

Get me in, Get me out, let the others chase every last pip...

The long terms can provide some nice overall trades, but for me, if I can capture 50-75 a few times per week on cable, I am happy.

There are a few other pairs that can add to the gains...as long as there are more wins then losses...its all good.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,058
  • Jul 11, 2010 10:52pm Jul 11, 2010 10:52pm
Using MACD

http://img138.imageshack.us/img138/1827/98376498.gif
  • #237,059
  • Jul 11, 2010 11:02pm Jul 11, 2010 11:02pm
sold one at 150.23.
  • #237,060
  • Jul 11, 2010 11:04pm Jul 11, 2010 11:04pm
Quoting Magix
With a couple of strategic hedges on the 1m, this drop netted me close to $4k...a very nice way to start a week.

I have a chance long open, and will add until the London fill before trying to gauge further direction...

I am more of a hit and run kinda guy.

Get me in, Get me out, let the others chase every last pip...

The long terms can provide some nice overall trades, but for me, if I can capture 50-75 a few times per week on cable, I am happy.

There are a few other pairs that can add to the gains...as long as there are more wins then...
Yeah.. I hear you. I have been playing the 1M chart for about a year now. Am very successful with it, but not for that kind of money... lol Indeed that is a great way to start the week. Congrats.. I am sitting on my loss, but I had my risk figured correctly, so no worries.
"Keep your eyes on the helpers" - Mr. Rogers
1,496 traders viewing now