Cable Update (GBPUSD) | Page 11980 | 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)

  • #239,581
  • Jul 20, 2010 10:17am Jul 20, 2010 10:17am
Quoting drakes
I've never seen something like that before, and to have two such traps in successive days, is the market moving due to the news, or due to the big guys?
well...yesterday there were no GBP news and today no real important ones...so that leads us to conclude that traps must be due to lack of important news.
Hear the music before the song is over ...
  • #239,582
  • Jul 20, 2010 10:21am Jul 20, 2010 10:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
regardless of what people say about fundamentals, market only works on/for them.

Only thing is, one has to have a keen eye to see futures in them rather than present.

Yesterday's daily candle of UJ is worth a thousand words. Have a look.

I would be a buyer of Yen pairs after we drop once more.


ta
ams


Quoting GlobalMacro
well...yesterday there were no GBP news and today no real important ones...so that leads us to conclude that traps must be due to lack of important news.
  • #239,583
  • Jul 20, 2010 10:24am Jul 20, 2010 10:24am
Quoting kaspopsicle
i'm looking for break and hold15312 according to my charts
I think we have an interesting set-up happening here. I think it is going to take some major strength on the Hourly chart to push through the 100 SMA if that is what it is trying to do.

A perfect inverted H&S bounce would come if price moved back down to the 200SMA. With anyluck, wwe will get clear signals in both directions for entries.....

Wonder if it will play out....

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 35 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,584
  • Jul 20, 2010 10:24am Jul 20, 2010 10:24am
there was a repeating pattern of sequential regular bullish div on 1hr at the current lows

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 25 KB
ex member
  • #239,585
  • Jul 20, 2010 10:24am Jul 20, 2010 10:24am
Back where we started...or finished, or closed or something....

Back to where the movement needs to fill....

Green area where NY session needs to close their books on longs, red area where London needs to close their books on the buys...

Nice trips on the week, watching for the close of these zones to see if we going to move on up, or crash on down.
Attached Image (click to enlarge)
Click to Enlarge Name: fill.jpg Size: 94 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #239,586
  • Jul 20, 2010 10:24am Jul 20, 2010 10:24am
Spain also "reporting" its banks passed the test. Sofar France, Germany (except Hypo) and Spain have "reported". Kind of takes the sting out of Friday's news at 1600.
  • #239,587
  • Jul 20, 2010 10:25am Jul 20, 2010 10:25am
Quoting GlobalMacro
well...yesterday there were no GBP news and today no real important ones...so that leads us to conclude that traps must be due to lack of important news.
And that we gotta really stay on our toes, i thought that no news means no movement, but that is not that case yesterday....
Don't be emo... don't be emo....
  • #239,588
  • Jul 20, 2010 10:28am Jul 20, 2010 10:28am
Hi to All
  • #239,589
  • Jul 20, 2010 10:28am Jul 20, 2010 10:28am
Quoting cloggie
May have covered mine a bit too early. if 5271 goes we go back to 5297 and 5308 again.
Am tempted to go Long again at this point, as price has just got back to right where it started before the fall, will check with 4H chart to confirm first...
Don't be emo... don't be emo....
  • #239,590
  • Jul 20, 2010 10:30am Jul 20, 2010 10:30am
Quoting wormboy
woops not looking hot right now. be back in a bit. crunch time!

Looks like we have reached your decision point.
  • #239,591
  • Jul 20, 2010 10:31am Jul 20, 2010 10:31am
Quoting cloggie
Spain also "reporting" its banks passed the test. Sofar France, Germany (except Hypo) and Spain have "reported". Kind of takes the sting out of Friday's news at 1600.
naah.. everyone are doing "just fine" we may see only poor Germans need some Money ???

LOL.. remember Geithner gave Europeans all recipes for the "Stress Test" [including the all answers at the back of the test] ..
  • #239,592
  • Jul 20, 2010 10:32am Jul 20, 2010 10:32am
Quoting Piters
naah.. everyone are doing "just fine" we may see only poor Germans need some Money ???

LOL.. remember Geithner gave Europeans all recipes for the "Stress Test" [including the all answers at the back of the test] ..

Greece just on the wires, their June borrowing from the ECB increased by close to 5% compared to May, now stands at 98Bn over 2 months. Yeah, euroland is doing great, banks are fine, bonds are fine, nothing to worry about.
  • #239,593
  • Jul 20, 2010 10:32am Jul 20, 2010 10:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
expect one more leg down though....





Quoting ams
regardless of what people say about fundamentals, market only works on/for them.

Only thing is, one has to have a keen eye to see futures in them rather than present.

Yesterday's daily candle of UJ is worth a thousand words. Have a look.

I would be a buyer of Yen pairs after we drop once more.


ta
ams
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 23 KB
  • #239,594
  • Jul 20, 2010 10:37am Jul 20, 2010 10:37am
Quoting cloggie
Greece just on the wires, their June borrowing from the ECB increased by close to 5% compared to May, now stands at 98Bn over 2 months. Yeah, euroland is doing great, banks are fine, bonds are fine, nothing to worry about.
yeah.. while you mentioned Greece.. lol they are happy they managed $1.9 Bln in 3 months Bill.. They are scared to death to get auction anything more then 6 months..

They are now day to day Life support.. and Im not surprised if we see a weekly or daily Bills [J/K]

and that's only a borrowing, loans.. over $350Bln to 10mln PPL

Big success I reckon
  • #239,595
  • Jul 20, 2010 10:38am Jul 20, 2010 10:38am
50 ema is crossing 100 ema possibly providing further spport for those who are in long. I am talking 5 min chart
All systems of divination, like music itself,work through patterns.
  • #239,596
  • Jul 20, 2010 10:38am Jul 20, 2010 10:38am
Quoting ams
expect one more leg down though....
not from here though...looks like this thing's shooting straight for 5300
Hear the music before the song is over ...
  • #239,597
  • Jul 20, 2010 10:39am Jul 20, 2010 10:39am
Quoting cloggie
Greece just on the wires, their June borrowing from the ECB increased by close to 5% compared to May, now stands at 98Bn over 2 months. Yeah, euroland is doing great, banks are fine, bonds are fine, nothing to worry about.
Everything is fine just like here in the states
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,598
  • Jul 20, 2010 10:41am Jul 20, 2010 10:41am
Quoting Piters
yeah.. while you mentioned Greece.. lol they are happy they managed $1.9 Bln in 3 months Bill.. They are scared to death to get auction anything more then 6 months..

They are now day to day Life support.. and Im not surprised if we see a weekly or daily Bills [J/K]

Big success I reckon

Yeah, we are going to get to the point where the ECB can no longer desensitise their purchases anymore, then we will get round two.
  • #239,599
  • Jul 20, 2010 10:42am Jul 20, 2010 10:42am
Quoting damonl
Everything is fine just like here in the states

This is the age old debate, the US doesn't have to do fine, they just need to outpace the EU and right now, that is pretty easy, even with Obamarama in charge.
  • #239,600
  • Jul 20, 2010 10:42am Jul 20, 2010 10:42am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sorry I posted chart for UJ... I expect down toward 86 again then shooting straight without any stops to 87++.

Indeed pound is going to rocket to 153, may be 154 again double top.
First let's touch 152400 again shall we. We have come to far too soon

ta
ams




Quoting GlobalMacro
not from here though...looks like this thing's shooting straight for 5300
683 traders viewing now