Cable Update (GBPUSD) | Page 13243 | 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)

  • #264,841
  • Nov 22, 2010 8:54am Nov 22, 2010 8:54am
Quoting fahdli
yeah it is especially since past few weeks, where its been increasingly volatile...maybe thats a clue
A clue to the fact that people have lost their shirt?
  • #264,842
  • Nov 22, 2010 9:05am Nov 22, 2010 9:05am
Wishing I'd held that last short - lol...Coulda Woulda Shoulda file for that one...

Savage drop off the 4hr desending trend line/channel top in the previous 4hr swing hi zone (6083 current intraday hi) has seen price arrive at the top of the previous 1hr/4hr swing lo zone that leads down to the Friday lo @ 5935, where the 1min and 5min bullish divergence plays and price actio indicated that some relief from the fall, howsoever temporary might be the greater probability.

Near-term below that 5935 Friday lo is the 76.4% of that recent 5837-6093 move and below that a previous 1hr swing lo x 3 zone that is coexistant as a 4hr previous swing lo zone....there is also a 1hr ascending trend line that is as yet untested.

1hr near-term current screenshot is shown below.

G/L

http://www.easy-upload.net/fichiers/z.2010112216352.gif
ex member
  • #264,843
  • Nov 22, 2010 9:05am Nov 22, 2010 9:05am
Quoting qwertymyfx
A clue to the fact that people have lost their shirt?
yeah for ex. last week price sitting at 1.585 and everyone calling for shorts/trend reversal, same in the eur thread see how many got burnt
  • #264,844
  • Nov 22, 2010 9:13am Nov 22, 2010 9:13am
Busy old thread the at the eurusd, speaking of which as cable found relief, € found some relef from it's own fall today at the 50% of it's recent 3446-3784 rise that mirrored cable's 5738-6093 rise.

4hr cable looks like this now:

http://www.easy-upload.net/fichiers/z.2010112216154.gif

G/L
ex member
  • #264,845
  • Nov 22, 2010 9:20am Nov 22, 2010 9:20am
....long confirmation, look at the bounce off the convergence of the 89 and 200 SMA here. Long here to 1.6065 possibly. Just FYI

Quoting bbmac
Wishing I'd held that last short - lol...Coulda Woulda Shoulda file for that one...

Savage drop off the 4hr desending trend line/channel top in the previous 4hr swing hi zone (6083 current intraday hi) has seen price arrive at the top of the previous 1hr/4hr swing lo zone that leads down to the Friday lo @ 5935, where the 1min and 5min bullish divergence plays and price actio indicated that some relief from the fall, howsoever temporary might be the greater probability.

Near-term below that 5935 Friday lo is the 76.4% of that recent 5837-6093...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #264,846
  • Nov 22, 2010 9:22am Nov 22, 2010 9:22am
.......are at 38 and 76 % off the 1 hr fib pulled.


Quoting Nene
....long confirmation, look at the bounce off the convergence of the 89 and 200 SMA here. Long here to 1.6065 possibly. Just FYI
  • #264,847
  • Nov 22, 2010 9:27am Nov 22, 2010 9:27am
Quoting Nene
....long confirmation, look at the bounce off the convergence of the 89 and 200 SMA here. Long here to 1.6065 possibly. Just FYI

yeh and this the 5min bullish osc div set-up there, ....just as there had been double osma div at the current 6083 top so there was at the current bottom on this 5min t/f.

G/L

http://www.easy-upload.net/fichiers/...1122162652.gif
ex member
  • #264,848
  • Nov 22, 2010 9:35am Nov 22, 2010 9:35am
i think there is no 58 level atm
it it just waiting for big jump at 6015 level
what you think about that guyz?
  • #264,849
  • Nov 22, 2010 9:36am Nov 22, 2010 9:36am
price pulls back all the way to the 23.6% of the daily fall from 6083 and 5min hidden divergence develops.....question now is - how much demand leading down to 5935 Friday's lo ...and potential support factors below that ?

Time will tell.

G/L
Attached Image
ex member
  • #264,850
  • Nov 22, 2010 9:40am Nov 22, 2010 9:40am
......looks like accumulation on the 1 hr. We all know its gonna retest the low, Right? My stop is at 5922, if that breaks then, thats trading.....LOL


Quoting bbmac
price pulls back all the way to the 23.6% of the daily fall from 6083 and 5min hidden divergence develops.....question now is - how much demand leading down to 5837 lo ?

Time will tell.

G/L
  • #264,851
  • Nov 22, 2010 10:20am Nov 22, 2010 10:20am
Good day to you,

Waiting to see where support will form. A primary trendline was broken and re-tested to the downside. Will look for direction once support forms.

Regards and trade well
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 29 KB
  • #264,852
  • Nov 22, 2010 10:50am Nov 22, 2010 10:50am
Good day to you,

We may be forming support @ 1.5940. Will see if I get a reversal indication for a possible long.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 30 KB
  • #264,853
  • Nov 22, 2010 11:04am Nov 22, 2010 11:04am
Quoting TauTrader
Good day to you,

We may be forming support @ 1.5940. Will see if I get a reversal indication for a possible long.

Regards

Betting on 1.589
H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0087.png Size: 43 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #264,854
  • Edited 11:16am Nov 22, 2010 11:14am | Edited 11:16am
Quoting USD-Bear
Betting on 1.589
H1:
Attachment
Good day to you,

May very well be..

We are entering a possible support zone. The initial 1.5940 indication not holding. I am looking for a reversal indication first before any attempt. The previous support zone sitting at 1.5867 to 1.5837 could also come back into play.

Time will tell

Regards
  • #264,855
  • Nov 22, 2010 11:16am Nov 22, 2010 11:16am
Quoting Nene
......looks like accumulation on the 1 hr. We all know its gonna retest the low, Right? My stop is at 5922, if that breaks then, thats trading.....LOL
What was that sound?

The sound of another account breaking?

TIMBERRRRRRRRRRRRR.....

Way to dare the price to kill ya again donut boy!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,856
  • Nov 22, 2010 11:31am Nov 22, 2010 11:31am
Good day,
Attached Image (click to enlarge)
Click to Enlarge Name: falling.gif Size: 32 KB
  • #264,857
  • Nov 22, 2010 11:44am Nov 22, 2010 11:44am
We also have the previous daily support zone starting @ 1.5883. If we enter into this area - we may settle and chop some wood - or have a rejection again.

further shorts will only be attempted below 1.5837.

1.5883 to 1.5837 may provide some range also.

Not saying much - am I?
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 30 KB
  • #264,858
  • Edited 2:14pm Nov 22, 2010 12:27pm | Edited 2:14pm
Quoting z3r0
Going Up... TP1 @ 1.63
Quoting AdrianHNV
what!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Adrian! I was just wondering... Why are you such a big jackass? If you read my previous post here where I say
Quoting z3r0
I'm bullish in short-term, bearish medium-term and bull long-term and here's why and how I'm trading it.
Then you would understand the foundation behind my opinion and that even now... it does make sense that the price might get to 1.63

You mock others cause you don't understand and really don't seem to bother.

Sort out your attitude man. We're all here working and you'd be doing us all a favour if you'd post more constructive stuff.

Thanks,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd h1.gif Size: 35 KB
Click to Enlarge Name: gbpusd h4.gif Size: 37 KB
Click to Enlarge Name: gbpusd weekly.gif Size: 30 KB
Click to Enlarge Name: posts.png Size: 79 KB
Click to Enlarge Name: gbpusd intraday perf.gif Size: 31 KB
  • #264,859
  • Nov 22, 2010 12:46pm Nov 22, 2010 12:46pm
Quoting z3r0
Hey Adrian! I was just wondering... Why are you such a big jackass? If you read my previous post here where I say Then you would understand the foundation behind my opinion and that even now... it does make sense that the price might get to 1.36

You mock others cause you don't understand and really don't seem to bother.

Sort out your attitude man. We're all here working and you'd be doing us all a favour if you'd post more constructive stuff.

Thanks,
AdrianHIV... the constructive bee...
Ignore list... simples!
  • #264,860
  • Nov 22, 2010 12:49pm Nov 22, 2010 12:49pm
Quoting fuse
Hi

I'm looking to short at 1.6068

Based on 50% fib and descending trend line

See attached 4hr chart
+150 pips on this trade. I'm waiting now to see if I go can long at 1.5890. However I will definately wait for confirmation of a reversal before I go long. If no confirmation candle, I'll wait on the sidelines for now.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-4hr.gif Size: 18 KB
498 traders viewing now