Cable Update (GBPUSD) | Page 12840 | 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)

  • #256,781
  • Sep 28, 2010 3:39pm Sep 28, 2010 3:39pm
for me i will say its will go to 1.59++ or maybe 1.62++

lets wait and see

cable down like crazy that coz news effect

now its will fly fly fly again love u GU
  • #256,782
  • Sep 28, 2010 3:46pm Sep 28, 2010 3:46pm
Quoting irzam83
for me i will say its will go to 1.59++ or maybe 1.62++

lets wait and see

cable down like crazy that coz news effect

now its will fly fly fly again love u GU
What happen today is actually just a fundamental shock. If the trend is in uptrend, fundamental news like today will only show its effect in that period of time only and it will only be temporary, soon it will resume back to it's main direction. imho.

I was hoping we could see further weakness (consolidation of price) in 4h TF at the support level before placing my PO.
  • #256,783
  • Sep 28, 2010 3:49pm Sep 28, 2010 3:49pm
i think its 50/50 up or down from the 15 min consolidation.

the daily is jus one big indecision!
  • #256,784
  • Sep 28, 2010 3:59pm Sep 28, 2010 3:59pm
Quoting alex1976
i think its 50/50 up or down from the 15 min consolidation.

the daily is jus one big indecision!
That candle will be considered valid if we get a closed below the low tomorrow which I doubt it will, based on the acceleration and momentum of price at current level. Let's see what tomorrow will bring..

Happy pippin'.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 34 KB
  • #256,785
  • Sep 28, 2010 4:11pm Sep 28, 2010 4:11pm
Hi everyone. I think that 1,5895 is the new local maximum and we'll go down tomorrow. Chart:
http://z1.przeklej.pl/prze379/a65ba4b90005287a4ca259cd
  • #256,786
  • Sep 28, 2010 4:16pm Sep 28, 2010 4:16pm
Quoting A-speculator
That candle will be considered valid if we get a closed below the low tomorrow which I doubt it will, based on the acceleration and momentum of price at current level. Let's see what tomorrow will bring..

Happy pippin'.

on 15 min looks like uptrend flag
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Sep. 28 17.03.gif Size: 17 KB
  • #256,787
  • Sep 28, 2010 4:32pm Sep 28, 2010 4:32pm
Quoting alex1976
on 15 min looks like uptrend flag
We're looking into different TF mate, based on 4h TF I think we probably see consolidation near the 1.5725 area before we continue up.. I think that is the best price to go long with minimal DD..
  • #256,788
  • Sep 28, 2010 4:42pm Sep 28, 2010 4:42pm
Quoting A-speculator
We're looking into different TF mate, based on 4h TF I think we probably see consolidation near the 1.5725 area before we continue up.. I think that is the best price to go long with minimal DD..

780 is good support, think that's a good base to work off.
  • #256,789
  • Sep 28, 2010 5:12pm Sep 28, 2010 5:12pm
Quoting alex1976
780 is good support, think that's a good base to work off.

well do not waste to much time sitting here during asai , relax and have fun this evening. Look for a frankie fake out at 11 pm pst till 12 pm pst Maybe into 1,.5750 / 1.5740. If that reverses then we can say we will see 1.5900 test

seems that the GU news was well lines up with the US news and was the best form of currency manipulation. The kind that does not cost billions , but which is done just by opening your gob .... there has not been any qe2 in us OR UK ... only mention of it ..so why the 200 pip drop in gu ?

seems that inervention and currency manipuation by central banks is flavour of the month

brazil
peru
boj
and BOE
are all at it...

not to mention FEDs TIPPs for amzn , nflx and bidu
Blogging daily now at www.volume.zone
  • #256,790
  • Sep 28, 2010 5:40pm Sep 28, 2010 5:40pm
Another trade opportunity is being made on GBPUSD, the only thing about this chart is that we have to wait until a proper corrective pattern emerges, which means something like gray lines, I drew on the chart takes place.
http://i51.tinypic.com/2ic4k08.gif
for this position I am going to check it, tomorrow morning.
  • #256,791
  • Sep 28, 2010 6:35pm Sep 28, 2010 6:35pm
can be seen in my chart two andrew's pitchforks.. their meeting is @ 1.63-1.6320 area..

i see gu touching 1.63 area in the next 6-7 trading days ( until october,7 )
Attached Image (click to enlarge)
Click to Enlarge Name: gu163.jpg Size: 159 KB
LOL
  • #256,792
  • Sep 28, 2010 7:08pm Sep 28, 2010 7:08pm
Quoting A-speculator
Wow.. that was the best TA I've ever read.

Thanks man.. Perhaps next time you can show it with your chart.

  • #256,793
  • Sep 28, 2010 7:30pm Sep 28, 2010 7:30pm
Strategy (long)
Attached Image (click to enlarge)
Click to Enlarge Name: strategy.PNG Size: 49 KB
  • #256,794
  • Sep 28, 2010 7:32pm Sep 28, 2010 7:32pm
Quoting karimfx
can be seen in my chart two andrew's pitchforks.. their meeting is @ 1.63-1.6320 area..

i see gu touching 1.63 area in the next 6-7 trading days ( until october,7 )
Some serious bad news for the USD would have to come up to make it move 500 pips in less than a week.
  • #256,795
  • Sep 28, 2010 8:01pm Sep 28, 2010 8:01pm
Quoting fancystop1
Some serious bad news for the USD would have to come up to make it move 500 pips in less than a week.
it's more than week.. i said trading days mate..
LOL
  • #256,796
  • Sep 28, 2010 8:31pm Sep 28, 2010 8:31pm
Quoting sebbfx
Hi everyone. I think that 1,5895 is the new local maximum and we'll go down tomorrow. Chart:
http://z1.przeklej.pl/prze379/a65ba4b90005287a4ca259cd
i think will turn to down until 1.55
  • #256,797
  • Sep 28, 2010 8:32pm Sep 28, 2010 8:32pm
Quoting karimfx
can be seen in my chart two andrew's pitchforks.. their meeting is @ 1.63-1.6320 area..

i see gu touching 1.63 area in the next 6-7 trading days ( until october,7 )

i dont think it will go 1.51
  • #256,798
  • Sep 28, 2010 8:33pm Sep 28, 2010 8:33pm
Quoting fancystop1
Some serious bad news for the USD would have to come up to make it move 500 pips in less than a week.

that is the power of fundamental... it will turn the cabel up dan down...
  • #256,799
  • Sep 28, 2010 8:37pm Sep 28, 2010 8:37pm
The pound trimmed losses against the U.S. dollar on Tuesday, retreating from a 2-day low, following the release of broadly worse-than-expected U.S. economic data.

GBP/USD retreated from 1.5718, the pair's lowest since September 24, to hit 1.5808 during European afternoon trade, shedding 0.13%.

Cable was likely to find support at 1.5641, last Friday's low and resistance at 1.5995, the high of August 9.

Earlier in the day, the Conference Board said its index of U.S. consumer sentiment fell more-than-expected in September, falling to 48.5 after rising to a revised 53.2 in August. Analysts had expected the index to decline to 52.9 in September.

Commenting on the report, Lynn Franco, Director of The Conference Board Consumer Research Center said, "Overall, consumers’ confidence in the state of the economy remains quite grim".

Elsewhere, separate reports showed that while U.S. house prices fell less-than-expected in July, the Richmond Manufacturing Index fell more-than-expected in September.

The pound was also down against the euro, with EUR/GBP jumping 0.99% to hit 08584.

Earlier Tuesday, Bank of England policy maker Adam Posen said Britain needed aggressive economic stimulus to stop it falling into the same kind of slump Japan did in the 1990's.
  • #256,800
  • Sep 28, 2010 8:38pm Sep 28, 2010 8:38pm
The U.S. dollar was down against most of the other major currencies on Tuesday, following the release of broadly worse-than-expected U.S. economic data.

During European afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.87% to hit 1.3571.

Earlier Tuesday, Juergen Stark, executive board member at the European Central Bank confirmed that the institution was on track to continue phasing out some of the special liquidity measures put in place at the height of the financial crisis.

The greenback was also down against the yen and the Swiss franc with USD/JPY shedding 0.52% to hit 83.85 and USD/CHF plummeting 0.99% to hit 0.9757.

But the greenback was up against the pound, with GBP/USD shedding 0.17% to hit 1.5801 after Bank of England policy maker Adam Posen said Britain needed aggressive economic stimulus to stop it falling into the same kind of slump Japan did in the 1990's.

In addition, the greenback was up against its Canadian counterpart with USD/CAD gaining 0.18% to hit 1.0312.

Meanwhile, the greenback was down against its Australian and New Zealand counterparts, with AUD/USD up 0.63% to hit 0.9671 and NZD/USD gaining 0.56% to hit 0.7388.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.68%.

Earlier in the day, the Conference Board said its index of U.S. consumer sentiment fell more-than-expected in September, and separate data showed that while U.S. house prices fell less-than-expected in July, the Richmond Manufacturing Index fell more-than-expected in September.
382 traders viewing now, 1 is registered:
CPUmice