Cable Update (GBPUSD) | Page 12583 | 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)

  • #251,641
  • Sep 8, 2010 11:09am Sep 8, 2010 11:09am
Quoting cloggie
On equity driven days, uCAD is always a good indicator of risk appetite, equities up while uCAD is dropping means don't go shorting Cable just yet, couple that with a bit of good news this morning from the UK and you have a simple correlated trade that should keep you on the right side of the intraday trend.

The next big risk trading setup when it comes to equities will be oil dropping below 72, oil is always a good leader for equities and the resultant moves in currencies.
Ah, ic thanks!
Don't be a hero. Don't have an ego. Always question yourself
  • #251,642
  • Sep 8, 2010 11:12am Sep 8, 2010 11:12am
Quoting pawpaw1000
Thanks wormy,

Already short on fibre, waiting for the elegant lady to show me when I can short her
you're welcome

5450 is the W1 pvp. That imo, is the obvious support for now.
Good luck with your trades.
Thank You
  • #251,643
  • Sep 8, 2010 11:12am Sep 8, 2010 11:12am
Quoting USD-Bear
Ah, ic thanks!

No probs, if I can keep a few of the retailers here on the right side of the market then my postings are not all in vain.

Just to clarify, I am not shorting neither Cable nor Fibre yet, I still see these retraces as just scalping opportunities and I hate scalping, but to each their own. I want to see uCAD finding some "real" support first and want to see how my 2 targets I posted earlier play out, they go nicely with Wormies pivots here. We briefly tickled my first target, 5533, let's see how she plays.
  • #251,644
  • Sep 8, 2010 11:25am Sep 8, 2010 11:25am
Quoting cloggie
No probs, if I can keep a few of the retailers here on the right side of the market then my postings are not all in vain.

Just to clarify, I am not shorting neither Cable nor Fibre yet, I still see these retraces as just scalping opportunities and I hate scalping, but to each their own. I want to see uCAD finding some "real" support first and want to see how my 2 targets I posted earlier play out, they go nicely with Wormies pivots here. We briefly tickled my first target, 5533, let's see how she plays.
Hey Cloggs,

Also got a fx360 email about the Irish news... When it comes out officially, don't you think the market would've already reckoned it in?

Thanks for the help...

pp
@pawpaw1000 on Twitter
  • #251,645
  • Sep 8, 2010 11:26am Sep 8, 2010 11:26am
Quoting cloggie
We briefly tickled my first target, 5533, let's see how she plays.
what's 12 pips between friends

hope you're trading well mate. see you in a few days, have a good one!
Thank You
  • #251,646
  • Sep 8, 2010 11:26am Sep 8, 2010 11:26am
Quoting pawpaw1000
Hey Cloggs,

Also got a fx360 email about the Irish news... When it comes out officially, don't you think the market would've already reckoned it in?

Thanks for the help...

pp
Long been priced into the bond market, I just posted it here as confirmation of what I was going on about yesterday and to try to change your opinion as to the demise of the dollar
  • #251,647
  • Sep 8, 2010 11:27am Sep 8, 2010 11:27am
Quoting wormboy
what's 12 pips between friends

hope you're trading well mate. see you in a few days, have a good one!

Good to have you back for a bit here. I think most of us are eyeballing roughly the same area here for a confirmed pullback.

Most "noobie" posters here today underestimate what it takes to reverse a rally and keep jumping on the first M5 bearbar they see.
  • #251,648
  • Sep 8, 2010 11:32am Sep 8, 2010 11:32am
Quoting cloggie
Good to have you back for a bit here. I think most of us are eyeballing roughly the same area here for a confirmed pullback.

Most "noobie" posters here today underestimate what it takes to reverse a rally and keep jumping on the first M5 bearbar they see.
lol, well it took a bump from the 8 hour 200 to pop it up nice , c if it lasts for more than a day now
  • #251,649
  • Sep 8, 2010 11:33am Sep 8, 2010 11:33am
So 1.5450 is first support and if it bounces up then 1.5540 or 1.5560, is that correct?
  • #251,650
  • Sep 8, 2010 11:35am Sep 8, 2010 11:35am
This is a little bit oftopic, but cloggie you seem to know alot about stuff, and others to
Does anyone know the answer to this question?
Got it at school.

According to Saunders and Cornett (our textbook), public confidence in the integrity of the IPO process eroded in the early 2000s because:


1. Certain underwriters engaged in lobbying for less stringent rules relating to the issuance of optimistic stock research reports.

2. Certain underwriters engaged in conduct aimed at protecting market investors best interests.

3. Certain underwriters engaged in "spinning" allocating "hot" IPO issues to potential clients in exchange for investment banking business.

4. Certain underwriters engaged in financial reporting revealing that the issuing firms were about to go bankrupt.


  • #251,651
  • Sep 8, 2010 11:36am Sep 8, 2010 11:36am
Quoting cloggie
Good to have you back for a bit here. I think most of us are eyeballing roughly the same area here for a confirmed pullback.

Most "noobie" posters here today underestimate what it takes to reverse a rally and keep jumping on the first M5 bearbar they see.
We'll see what happens with the Dollar, give it 5 - 10 years

But yeah, didn't expect this upmove to be soo strong and so I have been caught once today! maybe I should wait a bit more for confirmation...

Still think this area seems good for a retrace and generally it happens around this time of day...

Thanks Cloggs,

And careful with that Dollar, don't wanna be caught with alot of your assets in Dollars going into the next couple of years
@pawpaw1000 on Twitter
  • #251,652
  • Sep 8, 2010 11:40am Sep 8, 2010 11:40am
Sometimes it makes sense to watch the Cad, especially on Cad news days. Sometimes it can be the difference and pull you thru that top or push on thru that bottom. Some signs of Correlation looking good and we are setting long on E/U and G/U.


Quoting GlobalMacro
well spark it did alright...GBP is in demand any way...looks like she's pretty strong and keyed ...
  • #251,653
  • Sep 8, 2010 11:42am Sep 8, 2010 11:42am
Quoting monkey@forex
So 1.5450 is first support and if it bounces up then 1.5540 or 1.5560, is that correct?
I have a long standing resistance / support level at 5475. Above this we have Cloggie's ass level at 5521
  • #251,654
  • Sep 8, 2010 11:43am Sep 8, 2010 11:43am
Quoting cloggie
Good to have you back for a bit here. I think most of us are eyeballing roughly the same area here for a confirmed pullback.

Most "noobie" posters here today underestimate what it takes to reverse a rally and keep jumping on the first M5 bearbar they see.
yup, we're close again as usual
Thank You
  • #251,655
  • Edited 12:06pm Sep 8, 2010 11:44am | Edited 12:06pm
Quoting cloggie
On equity driven days, uCAD is always a good indicator of risk appetite, equities up while uCAD is dropping means don't go shorting Cable just yet, couple that with a bit of good news this morning from the UK and you have a simple correlated trade that should keep you on the right side of the intraday trend.

The next big risk trading setup when it comes to equities will be oil dropping below 72, oil is always a good leader for equities and the resultant moves in currencies.
and which oil price is that Clogg, #CL or #XBZZO (brent crude) ?

Thanks.
  • #251,656
  • Sep 8, 2010 11:48am Sep 8, 2010 11:48am
Quoting GlobalMacro
do you see Bunds on your workstation by any chance?
sorry, was afk.

broco only has common indexes.

here's the charts for December 2010 and March 2011.

http://stooq.li/q/?s=fgblz10
http://stooq.li/q/?s=FGBLH11
  • #251,657
  • Sep 8, 2010 11:49am Sep 8, 2010 11:49am
Quoting pawpaw1000
We'll see what happens with the Dollar, give it 5 - 10 years
dollar bears said the same thing last year.
you wanna flip to the monthly/quarterly on the eurox and see that the dollar is still the lesser evil. The dollar is still in a much better shape than the yoorow imo.
Thank You
  • #251,658
  • Sep 8, 2010 11:58am Sep 8, 2010 11:58am
Quoting wormboy
yup, we're close again as usual
another chart for good measure.

have a good holiday bro!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
  • #251,659
  • Sep 8, 2010 11:58am Sep 8, 2010 11:58am
Quoting wormboy
dollar bears said the same thing last year.
you wanna flip to the monthly/quarterly on the eurox and see that the dollar is still the lesser evil. The dollar is still in a much better shape than the yoorow imo.
Jip, agreed... But that is just because the spotlight is on EZ now because of the sovereign debt problems...

If we looked at the US in similar light you would see that there are already 12 states either bankrupt or gonna be soon!

THAT IS SCARY! I think the best is just to follow the crowd, no use talking about dollar problems here if no one out there is doing it. 1st things 1st, EZ is in BEEG trouble...

M15 looks like we are on our way down now but don't wanna talk too quickly! Fibre we have H1 bear engulfing with tweezer tops but this H1 candle is crucial, if it closes above the last two then I will close my short..
@pawpaw1000 on Twitter
  • #251,660
  • Sep 8, 2010 12:00pm Sep 8, 2010 12:00pm
Quoting wormboy
dollar bears said the same thing last year.
you wanna flip to the monthly/quarterly on the eurox and see that the dollar is still the lesser evil. The dollar is still in a much better shape than the yoorow imo.

The dollar will most likely not last much more than 5 years but the € will most likely be gone sooner. Basically a matter of comparing the pot and the kettle to see which is blacker, they are both black.
276 traders viewing now, 2 are registered:
,
sam3234