Cable Update (GBPUSD) | Page 13089 | 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)

  • #261,761
  • Oct 25, 2010 9:05pm Oct 25, 2010 9:05pm
Quoting mdiz2
A hammer needs to come after some trending to have meaning. The wick should also be on support. Right now price is just consolidated sideways.

The hammer on the left of the chart with the wick down to the green line is a better example.
hammer is a hammer when ever it happen yes after a trending it will mean a possible reversal, but when you understand why a hammer happen you know that is a rejection on this moment, that is why I didn't mention about a reversal but a momentum on the upside for the nex few bar.

cheer..
  • #261,762
  • Oct 25, 2010 9:22pm Oct 25, 2010 9:22pm
Quoting Lejumeau
hammer is a hammer when ever it happen yes after a trending it will mean a possible reversal, but when you understand why a hammer happen you know that is a rejection on this moment, that is why I didn't mention about a reversal but a momentum on the upside for the nex few bar.

cheer..
I understand what you are saying but looking at the long upper wicks of the previous camdles along with the dark cloud cover 6 bars previous I lean towards more downward movement.

There is also the 200ema right there - yellow line and the 24ema - dashed red line crossing down through the 200ema.

Just my veiw point for now. Good luck and hope you get many green pips.
  • #261,763
  • Oct 25, 2010 9:25pm Oct 25, 2010 9:25pm
Quoting mdiz2
I understand what you are saying but looking at the long upper wicks of the previous camdles along with the dark cloud cover 6 bars previous I lean towards more downward movement.

There is also the 200ema right there - yellow line and the 24ema - dashed red line crossing down through the 200ema.

Just my veiw point for now. Good luck and hope you get many green pips.
here's a chart. My other broker looks completely different so I guess there is something to be said for the time of the H4 candles with different brokers.
Attached Image (click to enlarge)
Click to Enlarge Name: sss.gif Size: 17 KB
  • #261,764
  • Oct 25, 2010 9:37pm Oct 25, 2010 9:37pm
If daily roll holds, we could see a spring back into the longs.

Took a chance long here, SL 20.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyroll.jpg Size: 104 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,765
  • Oct 25, 2010 9:50pm Oct 25, 2010 9:50pm
Benmosche got cancer: http://www.reuters.com/article/idUSTRE69O56320101026

Possible chain of effects:
1. AIG divisions and subsidiaries sales delayed
2. Maiden Lane II & III repayments delayed
3. Treasury opens up Maiden Lane IV to support AIG through these troubled times
4. Benmosche books "Aggressive Chemotherapy" and subsequent rehabilitation expenses to the company
5. Benmosche registers fully paid sick leave and vacation for health reasons
6. Benmosche threatens to resign if all demands are not met
7. Benmosche threatens to die and book funeral expenses to AIG if all demands are not met
8. Administration bows to all demands unconditionally

yep pretty much sums it all up
  • #261,766
  • Oct 25, 2010 10:09pm Oct 25, 2010 10:09pm
Quoting Magix
If daily roll holds, we could see a spring back into the longs.

Took a chance long here, SL 20.
Careful on the longs with these 2 bad boys above dude! I'm short biased until she breaks above these.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 105 KB
Cap
  • #261,767
  • Oct 25, 2010 10:15pm Oct 25, 2010 10:15pm
Quoting The Captain
Careful on the longs with these 2 bad boys above dude! I'm short biased until she breaks above these.
I'm in it for a good time...not a long time.

I hear ya brother, watching her flounder as we speak.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,768
  • Oct 25, 2010 10:23pm Oct 25, 2010 10:23pm
Quoting The Captain
Careful on the longs with these 2 bad boys above dude! I'm short biased until she breaks above these.
Here's what I'm seeing Cap.

As long as we above daily roll, or above the area in red on the M15, and if we grab a hold of the M15 support, we carry through the balance of the day.

We do that and move onto the daily chart, support in Magenta, resist in Aqua.

What I seeing and what I playing.



There is always room and time for a Plan B...Heh.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m15er.jpg Size: 103 KB
Click to Enlarge Name: dailys.jpg Size: 91 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,769
  • Oct 25, 2010 10:23pm Oct 25, 2010 10:23pm
Quoting Magix
I'm in it for a good time...not a long time.

I hear ya brother, watching her flounder as we speak.
1.5700 holds , we have a rounded bottom with target 1.5800 to 5850

been buying off 5700 today
Blogging daily now at www.volume.zone
  • #261,770
  • Oct 25, 2010 10:30pm Oct 25, 2010 10:30pm
Quoting malcolmb14
1.5700 holds , we have a rounded bottom with target 1.5800 to 5850

been buying off 5700 today
I'm wanting a little GBP strength to help launch Dragon into her next 1000 pips topside. A little crush here and a little JPY weakness, I win on cable and take the dragon for a sweet ride!

But, agreeing with ya mal.

Seen your call last night on the 5780, almost on the button. Nicely done mango!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,771
  • Oct 25, 2010 10:36pm Oct 25, 2010 10:36pm
Quoting Magix
I'm wanting a little GBP strength to help launch Dragon into her next 1000 pips topside. A little crush here and a little JPY weakness, I win on cable and take the dragon for a sweet ride!

But, agreeing with ya mal.

Seen your call last night on the 5780, almost on the button. Nicely done mango!
heard something about dragon . Due to margin requirements now no one trades her any more like they used to. It used to be retail traders best friend , but now i think leverage is 1:10 on dragon. Not sure of there is any truth to this rumour . eu substantial weakness on failing 1.4000 .. between now and end nov targeting 1.3300 on euro .
Blogging daily now at www.volume.zone
  • #261,772
  • Oct 25, 2010 10:40pm Oct 25, 2010 10:40pm
Quoting malcolmb14
heard something about dragon . Due to margin requirements now no one trades her any more like they used to. It used to be retail traders best friend , but now i think leverage is 1:10 on dragon. Not sure of there is any truth to this rumour . eu substantial weakness on failing 1.4000 .. between now and end nov targeting 1.3300 on euro .
Dragon sure not as crazy as was but still has her days. (Which sucks, I finally got a broker that keeps spread around 2.5...sometimes as high as 4)

I'm with ya on the Euro weakness, just not sure it's quite here yet. EU looks good for a bit of a drop today, no real strength, been playing her a little. Only in it for a few bones then wait for the next best thing to come along. IF I see her drop on the daily, will be in it to win it to be sure!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,773
  • Oct 25, 2010 11:13pm Oct 25, 2010 11:13pm
We seem to be playing from GBP daily open as support to EUR daily open as resistance...

Tightening range...Something gotta give.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyopen.jpg Size: 163 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,774
  • Oct 25, 2010 11:24pm Oct 25, 2010 11:24pm
Quoting malcolmb14
heard something about dragon . Due to margin requirements now no one trades her any more like they used to. It used to be retail traders best friend , but now i think leverage is 1:10 on dragon. Not sure of there is any truth to this rumour . eu substantial weakness on failing 1.4000 .. between now and end nov targeting 1.3300 on euro .

its 20:1 for dragon and her exotic sisters
  • #261,775
  • Oct 25, 2010 11:28pm Oct 25, 2010 11:28pm
Quoting joemiami
its 20:1 for dragon and her exotic sisters
Don't that just suck the dink of a goat?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,776
  • Oct 25, 2010 11:33pm Oct 25, 2010 11:33pm
Quoting Magix
Don't that just suck the dink of a goat?
Yes it does... hopefully our government won't decide to follow!
Cap
  • #261,777
  • Oct 25, 2010 11:36pm Oct 25, 2010 11:36pm
Quoting Magix
Don't that just suck the dink of a goat?
magix do you ever sleep sir, wait your right "money never sleeps"
  • #261,778
  • Oct 25, 2010 11:36pm Oct 25, 2010 11:36pm
Quoting The Captain
Yes it does... hopefully our government won't decide to follow!
IF there is a way for the Canuck Govt to fawk us, they find it and institute it immediately...

Thus the reason I don't trade stocks anymore. Canadian brokers are shit, and the yanks won't take our money.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,779
  • Oct 25, 2010 11:40pm Oct 25, 2010 11:40pm
Quoting Robot
magix do you ever sleep sir, wait your right "money never sleeps"
I caught like 3 hrs last night. From 3:00 to 6:00, ready for NY open.

And if PA keeps this shit up, Ima go ta bed early tonight!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,780
  • Oct 25, 2010 11:42pm Oct 25, 2010 11:42pm
Quoting Magix
IF there is a way for the Canuck Govt to fawk us, they find it and institute it immediately...

Thus the reason I don't trade stocks anymore. Canadian brokers are shit, and the yanks won't take our money.
The true test and trademark of a Canadian: recognizing the real intent of our government.

I always say, when they need money to pay bills, they tax us some more - they're really, really good at that. When we need money, we starve.
439 traders viewing now, 3 are registered:
kledilala
,
Altaf249
,
ricmaj