Cable Update (GBPUSD) | Page 13147 | 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)

  • #262,921
  • Nov 3, 2010 1:31am Nov 3, 2010 1:31am
Quoting bbmac
That is 76.4% 6079-yesterday's 5960 lo and top of the recent 1hr swing lo zone.

None of this is rocket science, as cloggie is 1st to say.

G/L
I was trailing a 15 min bat/AB=CD at 6006 when I decide look at yesterdays level. Intended to close at 618 FR but it pops all the way up to 6050. Not bad at all.
  • #262,922
  • Nov 3, 2010 1:38am Nov 3, 2010 1:38am
These pmi surveys have been causing some market reactions in this pairing this week, latest of which in Uk today is at 0930am gmt, the services pmi...previous # 52.8, with 52.4 expected...with Uk heavily dependant on service sector in it's economy, a sharp fall could see some knee-jerk £ selling, whereas a good number could see the opposite.

It's data-anything can happen but that's the conventional wisdom.

G/L
ex member
  • #262,923
  • Nov 3, 2010 1:42am Nov 3, 2010 1:42am
Quoting trending
Cloggie's level still in play, somebody needs to set up a church in his name.
De Nederlansche Gereformeerde Kerk?
  • #262,924
  • Nov 3, 2010 1:43am Nov 3, 2010 1:43am
Would seem all 4 majors are currently stalled at a crucial resistance point...

Move on or move on down???

Sitting flat for now...
Attached Image (click to enlarge)
Click to Enlarge Name: all4.jpg Size: 165 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,925
  • Nov 3, 2010 1:47am Nov 3, 2010 1:47am
Time to have some fun while waiting business at the bottom
http://www.forexfactory.com/showthre...247182&page=58

Rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=857
not euphoria follower
  • #262,926
  • Nov 3, 2010 1:47am Nov 3, 2010 1:47am
Quoting Magix
Would seem all 4 majors are currently stalled at a crucial resistance point...

Move on or move on down???

Sitting flat for now...
Yes, very suspect PA ... all were parked, and GU all of a sudden pops 20 pips, while EU looks like it's regressing & not going to make it over the DTL. Should see selling at 1.608 for GU - some pretty big resistance above, as proven by the daily chart. SM is playing games here & positioning.

There were 2 side-by-side shooting stars/dojis on the GU M15 chart there, right above the consolidation zone of the hours previously, yet it just popped north of it - a sure fire sign SM is playing games. No idea what to expect on the PMI news in ~40min. Gut says down, but a gut is not a business plan.
  • #262,927
  • Nov 3, 2010 1:53am Nov 3, 2010 1:53am
good day guys...would 1.61 be seen today??? thanx
  • #262,928
  • Nov 3, 2010 1:54am Nov 3, 2010 1:54am
Quoting AdrianHNV
Going long from 1.5973 all the way back up to the top, either today or tomorrow

Out at 1.6073 what a nice way to start a day +100 pips
  • #262,929
  • Nov 3, 2010 1:55am Nov 3, 2010 1:55am
sweet!!!
  • #262,930
  • Nov 3, 2010 1:56am Nov 3, 2010 1:56am
wud u think 1.61 is the next target???
  • #262,931
  • Nov 3, 2010 1:57am Nov 3, 2010 1:57am
this is what near-term 1hr looks like now, price has entered the previous 1hr/4hr/daily swing hi zone again, breeching the 1hr desc trendline, 4hr similar remains intact so far.

G/L
Attached Image
ex member
  • #262,932
  • Nov 3, 2010 1:57am Nov 3, 2010 1:57am
Quoting AdrianHNV
Out at 1.6073 what a nice way to start a day +100 pips
Nice going Bee

you may not post your reason but you certainly post in advance.

Made my 40 pips for today (well 38 in honesty).

With todays expected volatility i think i'll be staying out for the rest of the day.

Good Luck All
  • #262,933
  • Nov 3, 2010 2:00am Nov 3, 2010 2:00am
Quoting AdrianHNV
Out at 1.6073 what a nice way to start a day +100 pips
...
  • #262,934
  • Nov 3, 2010 2:00am Nov 3, 2010 2:00am
with that chart formation, is it long or short???
  • #262,935
  • Nov 3, 2010 2:02am Nov 3, 2010 2:02am
Quoting Beljevina
Yes, very suspect PA ... all were parked, and GU all of a sudden pops 20 pips, while EU looks like it's regressing & not going to make it over the DTL. Should see selling at 1.608 for GU - some pretty big resistance above, as proven by the daily chart. SM is playing games here & positioning.

There were 2 side-by-side shooting stars/dojis on the GU M15 chart there, right above the consolidation zone of the hours previously, yet it just popped north of it - a sure fire sign SM is playing games. No idea what to expect on the PMI news in ~40min....
Weird indeed, but I kinda had this line in mind...
http://www.forexfactory.com/showpost...stcount=262852

We made it at London open...now what? Sell off?
I'm done for the day but good luck to the rest of you...
Attached Image (click to enlarge)
Click to Enlarge Name: hr.jpg Size: 102 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,936
  • Nov 3, 2010 2:02am Nov 3, 2010 2:02am
[quote=Beljevina;4143000] SM is playing games here & positioning.

a sure fire sign SM is playing games. quote]

What does SM stand for, please? Senior Members? Senile Majority?
  • #262,937
  • Nov 3, 2010 2:04am Nov 3, 2010 2:04am
Smart Men?
  • #262,938
  • Nov 3, 2010 2:04am Nov 3, 2010 2:04am
[quote=ikdenk;4143039]
Quoting Beljevina
SM is playing games here & positioning.

a sure fire sign SM is playing games. quote]

What does SM stand for, please? Senior Members? Senile Majority?
SM =
Sadomasochism


Honestly I don't know but am interested in the answer
  • #262,939
  • Nov 3, 2010 2:06am Nov 3, 2010 2:06am
Quoting Dayboy001
Nice going Bee

you may not post your reason but you certainly post in advance.

Made my 40 pips for today (well 38 in honesty).

With todays expected volatility i think i'll be staying out for the rest of the day.

Good Luck All
Thanks Dayboy

Yes I too will be flat for a while, not in any hurry to get into a bad trade, would much rather wait for a good one.

Will watch, wait and see what's happening for a while.
  • #262,940
  • Nov 3, 2010 2:06am Nov 3, 2010 2:06am
to enter now...long or short???
252 traders viewing now