Cable Update (GBPUSD) | Page 13059 | 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)

  • #261,161
  • Oct 20, 2010 3:04am Oct 20, 2010 3:04am
Took second third off the table at 15754 5M MM +1/8. Last 1/3 still in play.

Current PA reminded me how much of a pain this particular TL can be.

If the next 4H closes below it, will close the rest of my position and wait on the next set up.
Attached Image (click to enlarge)
Click to Enlarge Name: pitb.gif Size: 31 KB
  • #261,162
  • Oct 20, 2010 3:05am Oct 20, 2010 3:05am
Quoting chazzle
resistance at 15760...I'm going short
think we're likely to head higher first chaz .. . ltf showing a bit of strength ..
just a thought
Thank You
  • #261,163
  • Oct 20, 2010 3:11am Oct 20, 2010 3:11am
Quoting wormboy
think we're likely to head higher first chaz .. . ltf showing a bit of strength ..
just a thought
It is MPC minnutes in 20min. Roumers have been that there might be confirmed QE from BoE, and the Britans are roumerd to introduce some big cuts.
This should make the pound go down.
But this is just a "maby" before confirmation in 20min.
Maby best to play it safe and wait!
Personaly I enterd a short under 1.5755 resistance because of what I think the news are likely to brin in 10min. If I am wrong about it I have my SL@BE, if not I might get a decent raid
  • #261,164
  • Oct 20, 2010 3:27am Oct 20, 2010 3:27am
gu is weakest link compare to other currencies. Possible way down/
  • #261,165
  • Oct 20, 2010 3:31am Oct 20, 2010 3:31am
Quoting chazzle
resistance at 15760...I'm going short
Ok closed for 45...had a pending long 15690 closed for 7
  • #261,166
  • Oct 20, 2010 3:32am Oct 20, 2010 3:32am
FF is wrong its 1-1-7 sorry they said 7-1-1 on bloomberg
  • #261,167
  • Oct 20, 2010 3:33am Oct 20, 2010 3:33am
Quoting Sunsi
It is MPC minnutes in 20min. Roumers have been that there might be confirmed QE from BoE, and the Britans are roumerd to introduce some big cuts.
This should make the pound go down.
But this is just a "maby" before confirmation in 20min.
Maby best to play it safe and wait!
Personaly I enterd a short under 1.5755 resistance because of what I think the news are likely to brin in 10min. If I am wrong about it I have my SL@BE, if not I might get a decent raid
More member leaning toward more QE as expected. Reason for that fast move down. I see more to come. woulden`t be surprised to see tet of Y-days lows.
  • #261,168
  • Oct 20, 2010 3:35am Oct 20, 2010 3:35am
reloading the short half way up this 15m candle @ 15710
favour the downside below 15770
  • #261,169
  • Oct 20, 2010 3:35am Oct 20, 2010 3:35am
is the anyone can give tips about todays market?..sometime unclear about todays event...GBPUSD
  • #261,170
  • Oct 20, 2010 3:48am Oct 20, 2010 3:48am
Quoting bahadean
is the anyone can give tips about todays market?..sometime unclear about todays event...GBPUSD
Yes-quite a few people,it seems
  • #261,171
  • Oct 20, 2010 3:51am Oct 20, 2010 3:51am
Closed my shorts at some old trendline I had. a bit under 1.57
Dosen`t seem to have the strenght to go much deeper before spending rewives.
  • #261,172
  • Oct 20, 2010 3:53am Oct 20, 2010 3:53am
Quoting Sunsi
It is MPC minnutes in 20min. Roumers have been that there might be confirmed QE from BoE, and the Britans are roumerd to introduce some big cuts.
This should make the pound go down.
But this is just a "maby" before confirmation in 20min.
Maby best to play it safe and wait!
Personaly I enterd a short under 1.5755 resistance because of what I think the news are likely to brin in 10min. If I am wrong about it I have my SL@BE, if not I might get a decent raid
good call
Thank You
  • #261,173
  • Oct 20, 2010 3:58am Oct 20, 2010 3:58am
Quoting wormboy
good call
second that
what was seemingly quite speculative was a very strategic entry
  • #261,174
  • Oct 20, 2010 4:00am Oct 20, 2010 4:00am
Quoting wormboy
good call
Thanks
It didn`t have as much strenght as i had hoped, so booked profit early arond 1.5690. Waiting for spending review in a few hours. would not be surprised to see the same thing happening but with some more strenght.
  • #261,175
  • Oct 20, 2010 4:00am Oct 20, 2010 4:00am
i cant see g/u going down just yet, still holding on to my long, 1.58 region must come

Quoting wormboy
good call
  • #261,176
  • Oct 20, 2010 4:02am Oct 20, 2010 4:02am
Quoting fahdli
second that
what was seemingly quite speculative was a very strategic entry
USDX retrace still going on supported by positive SP-futures, might see levels around 77.50 giving better short entry levels for GU, just a thought....
Don't be a hero. Don't have an ego. Always question yourself
  • #261,177
  • Oct 20, 2010 4:05am Oct 20, 2010 4:05am
With the spending report due out in 2.5 hours, I dont know why anyone would be long in GBP today.

Short G/J @ 127.95, TP 126.95, SL 128.25
  • #261,178
  • Oct 20, 2010 4:09am Oct 20, 2010 4:09am
Quoting USD-Bear
USDX retrace still going on supported by positive SP-futures, might see levels around 77.50 giving better short entry levels for GU, just a thought....
USDX is now at a trendline who are likely to give support
Because of the recent pinbar I went short in EU instead.@ 1.3830. But USD are likely to find some support at that trendline.
If trendline dosen`t give support I will be on the sideline for a little bit.
Attached Image (click to enlarge)
Click to Enlarge Name: ussd.jpg Size: 56 KB
  • #261,179
  • Oct 20, 2010 4:12am Oct 20, 2010 4:12am
Quoting fendi
i cant see g/u going down just yet, still holding on to my long, 1.58 region must come
true, it was good enough for a "decent raid" is what i was implying
  • #261,180
  • Oct 20, 2010 4:13am Oct 20, 2010 4:13am
Quoting USD-Bear
USDX retrace still going on supported by positive SP-futures, might see levels around 77.50 giving better short entry levels for GU, just a thought....
yes i agree, still hold the same sentiment as yesterday...


Quoting fahdli
i have the same trendline on the daily
it may offer some resistance around 1.57
atleast some consolidation

possible long, tp1 ~ 1.58 citing the tech's above + imbalanced factoring in of the fundies for the day (Chineses int. rate hike yes, DOW decline no)
*all speculation, not trade advice
934 traders viewing now, 4 are registered:
MarixD
,
,
,
Jollson