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Why is GBPUSD called cable? 76 replies

Cable Update - Continued 102 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Cable Update (GBP/USD) without Idiots 23 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Piotr1
if price will break 1.5403 I place buy order ... now i opened sell.
Go go go
Quoting digger1
Really hasent been much of a difference other than the euro did not drop off as much today as the gbp has , yesterday the eur had a 190 pip range , the gbp had 155 , definitly a big day for the eur but they have their interst rate annc today and the speech that comes with it lol, all mixed in with nfp week , posistion readjustments etc etc
I think the euro is enjoying the dividends of good rhetoric for now, I hope it all translate to lasting actions. But truth be told, on long term I don't see how the common currency would survive onslaught of budget deficits and debt burdens that are coming. Only Germany can't hold it from crashing, more hands needed. . . Spain?

Peace
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
Quoting pawpaw1000
Could someone please clarify what is going on?

Fibre headed higher over past couple of days while cable still dropping. Fibre now looking to go Higher and cable looking to break lower support?

I'm kinda confused here
The eur had a triangle break up and the gbp was down , may be another little contributing factor
Attached Image (click to enlarge)
Click to Enlarge Name: 8 hour eur.jpg Size: 143 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 8 hour view.jpg Size: 130 KB
Quoting LostMyShirt
Good luck with your shorts.. Keep doing what you are doing :-)
Ok simple reasons why long can be a bad idea other than for scalping. Below DP, below 5m 200 ema. It broke out of a small bullflag but is still in a bullflag.

I reckon there is still some drop, but its just a feeling just like your reason to long.
Quoting pawpaw1000
Could someone please clarify what is going on?

Fibre headed higher over past couple of days while cable still dropping. Fibre now looking to go Higher and cable looking to break lower support?

I'm kinda confused here
because there is no sterling strength. I've been saying this for a while now.
only the slight weakness in dollar had been holding cable up.
Currently the immediate is back to flat & you'll have to make do with the range trades. It will stay that way till the dx & the gbplfx starts to oppose.
Overall tho, cable is still bearish.

charts:

1. http://cdn.forexfactory.com/attachme...7&d=1283272725
2. http://cdn.forexfactory.com/attachme...3&d=1283273121
Attached Image (click to enlarge)
Click to Enlarge Name: gb2.gif Size: 28 KB
Thank You
Quoting digger1
The eur had a triangle break up and the gbp was down , may be another little contributing factor Attachment

Attachment

Thanks Digg
@pawpaw1000 on Twitter
Quoting Yngwie
Selling from here 1.5480
Closed at 1.5380 for +100 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Yo tradies whats happening

Good to be back
Veni, Vidi, Vici (We came, we saw, we conquered)
Quoting wormboy
because there is no sterling strength. I've been saying this for a while now.
only the slight weakness in dollar had been holding cable up.
Currently the immediate is back to flat & you'll have to make do with the range trades. It will stay that way till the dx & the gbplfx starts to oppose.
Overall tho, cable is still bearish.

charts:

1. http://cdn.forexfactory.com/attachme...7&d=1283272725
2. http://cdn.forexfactory.com/attachme...3&d=1283273121
Struggling with this PA... Maybe I'll rather sit out, have already lost 1 trade this morning...
@pawpaw1000 on Twitter
Quoting Precap2
I think the euro is enjoying the dividends of good rhetoric for now, I hope it all translate to lasting actions. But truth be told, on long term I don't see how the common currency would survive onslaught of budget deficits and debt burdens that are coming. Only Germany can't hold it from crashing, more hands needed. . . Spain?

Peace
Believe you are right , as a trader tho I really dont care whats behind it as long as there is rumors and trouble and stories etc etc what ever it takes to make it move lol, dont care which way or how far just as long as it moves
At daggers draw
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
Quoting Bull_Bear
Yo tradies whats happening

Good to be back
long time no see mate...
Verily, in every difficulties there is relief
Quoting Bull_Bear
Yo tradies whats happening

Good to be back
LOL

Yo bro....long time no see...I thought all those hottie yoga chicks swallowed you away from us...nice to have you back
Hear the music before the song is over ...
Quoting Bull_Bear
Yo tradies whats happening

Good to be back
where were u man good to see u
Hidden divergence on the 5 minute at the point of the 38.2 fib retrace from this morning's drop. Time for a quick short?

Just ignore this post - getting far too excitable and seeing things that aren't there. Sorry!
Quoting Bull_Bear
Yo tradies whats happening

Good to be back
yo q how's it going
Thank You
Quoting pawpaw1000
Struggling with this PA... Maybe I'll rather sit out, have already lost 1 trade this morning...
with the current pa, if you flip to the m5 there's much to be made in those mini trends, but if you're trading off the H4 or higher patience is the name of the game.
Being flat is also a position. No shame in playing it safe.

good luck to you
Thank You
Quoting trending
Ok simple reasons why long can be a bad idea other than for scalping. Below DP, below 5m 200 ema. It broke out of a small bullflag but is still in a bullflag.

I reckon there is still some drop, but its just a feeling just like your reason to long.
Thank you. I do not use any indy or Pivot points or trend lines.. All i do is look at the chart and the market depth screen, similar to level II screen (provided by Mb Trading), to find strength and weakness... I am seeing a bullish Price action in this pair starting from yesterday. I might be wrong...
  •  ams
  • Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well done, same here I made 90 only better than nothing :-)


ta
ams


Quoting Yngwie
Closed at 1.5380 for +100 pips
Quoting primzvicious
long time no see mate...
Quoting GlobalMacro
LOL

Yo bro....long time no see...I thought all those hottie yoga chicks swallowed you away from us...nice to have you back
Quoting zameer
where were u man good to see u
Quoting wormboy
yo q how's it going
Boys the mrs took me away from my computer. Spent about a month in indonesia and Bali holidaying.

GM, yoga has been off my agenda for abt a month now gotta get back into it.

Wormie all refreshed and all geared up to get back into the action again.

How you boys been hitting hard or what?
Veni, Vidi, Vici (We came, we saw, we conquered)
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