Cable Update (GBPUSD) | Page 11932 | 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)

  • #238,621
  • Jul 16, 2010 2:11am Jul 16, 2010 2:11am
Quoting nAVIN2007
i have a feeling today is goig to be very ranging..probabily be in a position where it will sit end of day around this level 1.55..we need to cross for the bull run to continue..market will leave every1 guessing , till last minute (i think)
Hello Nav, I always read your post. Congratz for so much green pips gain!
Btw I agree bullish still in play because weekly DTL already broken yesterday !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #238,622
  • Jul 16, 2010 2:14am Jul 16, 2010 2:14am
Quoting nAVIN2007
yeah still in..
this is what i see on 1 hr chart

edit: trendline coming into play chart 2
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,623
  • Jul 16, 2010 2:18am Jul 16, 2010 2:18am
Quoting mloistianto
No Prob. Its only a probability. Just want to cash in my scalps at higher point. hopefully..

Seems like your predict is right. She seats well at M5/200 - M15/50-62 !
Maybe no kiss DP(1.5375) to continue bullish trend !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #238,624
  • Jul 16, 2010 2:19am Jul 16, 2010 2:19am
1hr chart below shows where price is garnishing some sup[port atm, at the asc trend linme and the previous swing hi=prev res=potential rbs zone...

G/L
Attached Image
ex member
  • #238,625
  • Jul 16, 2010 2:20am Jul 16, 2010 2:20am
Quoting manize
Hello Nav, I always read your post. Congratz for so much green pips gain!
Btw I agree bullish still in play because weekly DTL already broken yesterday !

thank u bro! yes i agree..its great to see the old faces still here today! i always look forward to yur charts as well ..keep em coming!
  • #238,626
  • Jul 16, 2010 2:22am Jul 16, 2010 2:22am
Anyone see breaking through current resistance around 1.5432?
  • #238,627
  • Jul 16, 2010 2:25am Jul 16, 2010 2:25am
Quoting Jazznos
Anyone see breaking through current resistance around 1.5432?
looking at last couple of days it isn't hard to see that resistance broken easily to the upside. I agree with test of weekly high before we see a fall. Going to stick with the trend until convinced otherwise!
  • #238,628
  • Jul 16, 2010 2:26am Jul 16, 2010 2:26am
Quoting Jazznos
Anyone see breaking through current resistance around 1.5432?
yes but not all the way. This area is a congestion zone 400-500 PA will be the same like its been for last hour. Not a good day to trade.
  • #238,629
  • Jul 16, 2010 2:27am Jul 16, 2010 2:27am
From a Fundi trader friend of mine..... Going to see what time this comes out.

Very important earnings reports today: GE, Bank of America and City. Estimates are 0.27$, 0.22$ and 0.05$ respectively. Close attention should be paid to release and the following commentary/press conference.
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,630
  • Jul 16, 2010 2:29am Jul 16, 2010 2:29am
So far so good, let see just how far :-)
  • #238,631
  • Jul 16, 2010 2:33am Jul 16, 2010 2:33am
Quoting slimcat
thanks for your observations Magix, looks like i know what i'm doing this weekend now

cheers Slim
Here's another one that might be useful .. it is used for a London breakout trade, it draws a box around first hour of London and the idea is to trade the breakout of that box over the next hour (it draws another box around the 2nd hour). You can change times to box any area you like.
Attached File(s)
File Type: ex4 Breakout.ex4   7 KB | 377 downloads
******************* I'd rather make money than be right.
  • #238,632
  • Jul 16, 2010 2:33am Jul 16, 2010 2:33am
still bullish?
Attached Image (click to enlarge)
Click to Enlarge Name: br1.gif Size: 22 KB
Verily, in every difficulties there is relief
  • #238,633
  • Jul 16, 2010 2:37am Jul 16, 2010 2:37am
Quoting primzvicious
still bullish?
this is 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: br2.gif Size: 20 KB
Verily, in every difficulties there is relief
  • #238,634
  • Jul 16, 2010 2:38am Jul 16, 2010 2:38am
Another one to put into the permanent read & keep file.
Check out breakout indy I just posted .. could be an alternative to the isessions.

Quoting Magix
I use the isessions indicator but in a different way.

I have one of the sessions to indicate a 30m period where London closed, that helps me for a quick point of reference as to where London high or low was, and the second to mark a 30m period around gmt 0, to help me identify true daily roll over.

These 2 are quite pivotal points for the chart, so, if we fall below daily open but still hold above London high, assume the long still in effect, similar with the short side.

Basically, London always fills the chart, or the chart is always zeroed...
******************* I'd rather make money than be right.
  • #238,635
  • Jul 16, 2010 2:39am Jul 16, 2010 2:39am
Quoting manize
Seems like your predict is right. She seats well at M5/200 - M15/50-62 !
Maybe no kiss DP(1.5375) to continue bullish trend !
Yep.. i dont have an exact point. just aiming around 1.55 to cash in my trade.. Have a nice trade friend.
  • #238,636
  • Jul 16, 2010 2:47am Jul 16, 2010 2:47am
thankx 4xstar, will have a look
  • #238,637
  • Jul 16, 2010 2:54am Jul 16, 2010 2:54am
Looks to me like she's off again .. shorts beware unless there is clear trend change. She wants to show that ol' dollar who's boss!
******************* I'd rather make money than be right.
  • #238,638
  • Jul 16, 2010 2:56am Jul 16, 2010 2:56am
Quoting 4xStar
Here's another one that might be useful .. it is used for a London breakout trade, it draws a box around first hour of London and the idea is to trade the breakout of that box over the next hour (it draws another box around the 2nd hour). You can change times to box any area you like.
I hope you don't mind I took a look at the breakout .ex (looks good)
only problem I have is it removes all my previously drawn boxes ?

Am I the only one having this problem ?

Is there a solution to this ?

Do you use the opposite side as SL? and TP as x2 SL ?
  • #238,639
  • Jul 16, 2010 2:57am Jul 16, 2010 2:57am
this is one unbelievably steep ltl. but till it's broken, I'll be trading it long - no matter how ridiculous the buying looks at the moment. New high today? Let's see how it goes.

Good luck everyone
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 25 KB
Thank You
  • #238,640
  • Jul 16, 2010 2:59am Jul 16, 2010 2:59am
Quoting wormboy
this is one unbelievably steep ltl. but till it's broken, I'll be trading it long - no matter how ridiculous the buying looks at the moment. New high today? Let's see how it goes.

Good luck everyone
fully agree, and when it does finally break to the downside we should get some nice pips on the way down too
203 traders viewing now, 1 is registered:
Lantern001