Cable Update (GBPUSD) | Page 12828 | 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)

  • #256,541
  • Sep 28, 2010 7:19am Sep 28, 2010 7:19am
If Cloggie is saying that fundamental data has no baring on GBP/USD up trend but it has to do with net flows into commodities then how does he explain the sudden spike in GBP buying this morning? I don't think the Russia brought any cable today. However, news on current account, GDP q/q and positive CBI retail sales have lifted the cable.

Now we are moving toward 1.5900 and should the data be gloomy about USD part of the currency pair (mass selling) then I expect a lift of 100 pips.

The breach of 1.5900 is inevitable.
Our beliefs are based on logic and the pursuit of clearity.
  • #256,542
  • Sep 28, 2010 7:20am Sep 28, 2010 7:20am
Quoting clientfx
maybe 20 yrs and just join FF
haha, that would be an embarrassment to us all.
  • #256,543
  • Sep 28, 2010 7:25am Sep 28, 2010 7:25am
http://static.seekingalpha.com/uploa...earmarket1.jpg
  • #256,544
  • Sep 28, 2010 7:26am Sep 28, 2010 7:26am
Quoting Uphios
Well, call me a suspicious old goat, but I see this as the pro's redistributing at the highs to the retail trade. Looking to re-short any touch of .5875 again if they can get it there.

Reason, long term triangle now at the top. Entered triangle in downward direction, triangle is continuation and the bottom line is now 250 pips below.
So, we are now right at the top of that triangle and a good place to re-distribute. Out if we make a new high.
I won't call it suspicious. It sounds to me that you are alert, asking yourself why it's moving the way it's moving and not just blindly following along.

You might be right, although too early to tell. (to me anyway) I saw some weakness yesterday and the way the next 4Hr candle close, if it stays the way it is or drop lower, it also signals weakness.

I'll have a good look at it again at the end of the day. I have 2 Long entries from 1.5510, but need some more confirmation of weakness before closing them.

Good thinking.
Keep it up
  • #256,545
  • Sep 28, 2010 7:27am Sep 28, 2010 7:27am
Quoting Gbp/usd
If Cloggie is saying that fundamental data has no baring on GBP/USD up trend but it has to do with net flows into commodities then how does he explain the sudden spike in GBP buying this morning?

Read my post again, I never said that. I explained why the price went up this morning, but I guess you missed that.
  • #256,546
  • Sep 28, 2010 7:27am Sep 28, 2010 7:27am
Quoting PiptheRipper
I won't call it suspicious. It sounds to me that you are alert, asking yourself why it's moving the way it's moving and not just blindly following along.

You might be right, although too early to tell. (to me anyway) I saw some weakness yesterday and the way the next 4Hr candle close, if it stays the way it is or drop lower, it also signals weakness.

I'll have a good look at it again at the end of the day. I have 2 Long entries from 1.5510, but need some more confirmation of weakness before closing them.

Good thinking.
Keep it...
come on, ur supposed to call him suspicious, i mean he asked for it after all!
  • #256,547
  • Sep 28, 2010 7:27am Sep 28, 2010 7:27am
Quoting clientfx
maybe 20 yrs and just join FF
wish i had heard about forex when i was 20 yrs. old,
at that time (1992) i only knew stockmarket
and played a little the "Neuer Markt" segment (Germany),
where all small .comīs companys were listed.
Ahh, good old times
  • #256,548
  • Sep 28, 2010 7:28am Sep 28, 2010 7:28am
Quoting master4forex
http://static.seekingalpha.com/uploa...earmarket1.jpg

Dear friends ,
leave that fellow ... look at this post .. he is really funny ... i dont think he is doing any real trades
  • #256,549
  • Sep 28, 2010 7:29am Sep 28, 2010 7:29am
cable really knuckling down now...
  • #256,550
  • Sep 28, 2010 7:40am Sep 28, 2010 7:40am
Quoting 1fxsignal
I see cable going long more this week.
I am long already and doing well
i have bought sold , bought sold , bought sold .. trading range all week , 190,000 pips in bag in 3 short days...

Blogging daily now at www.volume.zone
  • #256,551
  • Sep 28, 2010 7:43am Sep 28, 2010 7:43am
Quoting malcolmb14
i have bought sold , bought sold , bought sold .. trading range all week , 190,000 pips in bag in 3 short days...

f*** me.
  • #256,552
  • Sep 28, 2010 7:43am Sep 28, 2010 7:43am
Quoting dag777
now waiting for a good pullback to get another ticket,
maybe around 1.5835
now i get back my pips, missing out in the morning by closing too early at R1
  • #256,553
  • Sep 28, 2010 7:46am Sep 28, 2010 7:46am
Quoting dag777
wish i had heard about forex when i was 20 yrs. old,
at that time (1992) i only knew stockmarket
and played a little the "Neuer Markt" segment (Germany),
where all small .comīs companys were listed.
Ahh, good old times
bit of nostalgia there, I used to like travelling through Germany as a kid at that time and I liked the old d-marks and pfennigs (just couldn't pronounce that too well lol). I say bring em back :nerd:
  • #256,554
  • Sep 28, 2010 7:47am Sep 28, 2010 7:47am
Quoting malcolmb14
i have bought sold , bought sold , bought sold .. trading range all week , 190,000 pips in bag in 3 short days...

Better than you thought Malc, it's only Tuesday!
This space intentionally left blank.
  • #256,555
  • Sep 28, 2010 7:50am Sep 28, 2010 7:50am
Quoting fxvoilaaa
f*** me.

no thank u
he is pulling yur leg i think
  • #256,556
  • Sep 28, 2010 7:53am Sep 28, 2010 7:53am
hmmmm............
Attached Image
  • #256,557
  • Sep 28, 2010 7:54am Sep 28, 2010 7:54am
Quoting uksnowman
bit of nostalgia there, I used to like travelling through Germany as a kid at that time and I liked the old d-marks and pfennigs (just couldn't pronounce that too well lol). I say bring em back :nerd:
yeah, bing em back!!
your pronouncing is correct (D-Mark and Pfennig(e))

cloggie, you traded forex to the times we have D-Mark, franc, peseta and of course Gulden?
How was trading the forexmarket at this time (if you have done)?
The moves were also wild as today ?
  • #256,558
  • Sep 28, 2010 7:58am Sep 28, 2010 7:58am
Quoting PipChick
GU possibilities:
My charts show hidden bullish div on 5m as you mentioned and on 15m regular bullish div. Does this tie-in with how you see it?
Attached Image (click to enlarge)
Click to Enlarge Name: gu_5m_hbull_div.gif Size: 15 KB
  • #256,559
  • Sep 28, 2010 8:00am Sep 28, 2010 8:00am
Quoting uksnowman
My charts show hidden bullish div on 5m as you mentioned and on 15m regular bullish div. Does this tie-in with how you see it?
I still see it as bearish.
This space intentionally left blank.
  • #256,560
  • Sep 28, 2010 8:01am Sep 28, 2010 8:01am
Wow. What a drop!
Any explination for that?
337 traders viewing now