Cable Update (GBPUSD) | Page 13279 | 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)

  • #265,561
  • Nov 30, 2010 6:10am Nov 30, 2010 6:10am
Why I lost faith in the short (or seeing what I want to see!)

Good luck on the road KW...
Attached Image (click to enlarge)
Click to Enlarge Name: why.PNG Size: 30 KB
  • #265,562
  • Nov 30, 2010 6:28am Nov 30, 2010 6:28am
Quoting chazzle
Why I lost faith in the short (or seeing what I want to see!)

Good luck on the road KW...
Never lose faith, trust yourself and you'll see you can do it !!!!!
It took me a few years but now I know I can~~~~~~~~~~

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #265,563
  • Nov 30, 2010 7:03am Nov 30, 2010 7:03am
Quoting KillerWhale
Never lose faith, trust yourself and you'll see you can do it !!!!!
It took me a few years but now I know I can~~~~~~~~~~

Shamu
thanks mate....
  • #265,564
  • Nov 30, 2010 7:05am Nov 30, 2010 7:05am
Tradeable Triangles....breakout thereof...
Attached Image (click to enlarge)
Click to Enlarge Name: poss.PNG Size: 31 KB
  • #265,565
  • Nov 30, 2010 7:32am Nov 30, 2010 7:32am
Good day to you,

Will 1.5500 eventually give way to open up the road to 1.5356?

Time will tell.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 25 KB
  • #265,566
  • Edited 9:34am Nov 30, 2010 9:16am | Edited 9:34am
A further leg down by the looks of it....

The recovery off the 5508 lo found supply at the 61.8% fib of the then 5577-5508 move see-ing a new daily lo this time so far @ 5483 in the previous daily t/f swing hi zone that extends down to the 127% fib extension of the last weekly swing up 5296-6297, where fresh demand has seen the rate pullback.

Still only 56% of the average 20day pip range so far today whereas € @ 100% of it't same average pip range in a 181 pip fall so far, over twice that of cable.

Under this previous daily swing hi zone extending down to 5474, the 61.8% of the daily swing 4945-6297 is at 5470 area and below there Daily S2 @ 5457. Weekly S1 is in the 5411 area ahead of 5400/5399 being 76.4% 5123-6297 daily swing and also 138% of same last weekly swing up 5296-6297.

Bullish divergence based 1min play and great master bullish engulfing trigger candle again led the way at the current lo supported by a 5min reversal set-up.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1346 1min rev b - Copy.gif Size: 25 KB
ex member
  • #265,567
  • Nov 30, 2010 9:43am Nov 30, 2010 9:43am
The oft mentioned previous Daily t/f swing hi zone x 2 is shown in isolation below (ie previous resistance = potential rbs )

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1346 pot rbs zone and supp factor.gif Size: 23 KB
ex member
  • #265,568
  • Nov 30, 2010 10:31am Nov 30, 2010 10:31am
Quoting bbmac
The oft mentioned previous Daily t/f swing hi zone x 2 is shown in isolation below (ie previous resistance = potential rbs )

G/L
It seems pretty good so far. T1 @ 5640 and T2 @ 5790-5810?? Technically it seems possible, but fundamental momentum makes a long shor veeery risky.
  • #265,569
  • Nov 30, 2010 10:50am Nov 30, 2010 10:50am
Hello guys,

I have litle time to post here

Today was relative easy day for Cable,and we rejected from nice chanel on Stoping Volume...
Attached Image (click to enlarge)
Click to Enlarge Name: expected.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #265,570
  • Nov 30, 2010 12:01pm Nov 30, 2010 12:01pm
guys dose a dragon shape brings an uptrend movement???
i think gu is one in 15m
  • #265,571
  • Nov 30, 2010 12:28pm Nov 30, 2010 12:28pm
Quoting yasi
guys dose a dragon shape brings an uptrend movement???
i think gu is one in 15m
It needs to close above 156.45 today for bull to continue..
  • #265,572
  • Nov 30, 2010 12:35pm Nov 30, 2010 12:35pm
Quoting yasi
guys dose a dragon shape brings an uptrend movement???
i think gu is one in 15m
Hi Yasi - if you looked at bbakker's post of the dollar basket chart and saw that he drew a picture of a dragon over the top - I think he was just joking!

I do not think there is a candlestick formation called "dragon" ... but check this out , might be some help

http://stockcharts.com/school/doku.p...o_candlesticks
  • #265,573
  • Nov 30, 2010 12:46pm Nov 30, 2010 12:46pm
scalping this looking for support here
Attached Image (click to enlarge)
Click to Enlarge Name: sca.PNG Size: 41 KB
  • #265,574
  • Nov 30, 2010 1:11pm Nov 30, 2010 1:11pm
Quoting chazzle
scalping this looking for support here
out for a few....what if we get stuck under the 200 arghhh!!! 12 hrs so far I should really stop this now...
  • #265,575
  • Nov 30, 2010 1:19pm Nov 30, 2010 1:19pm
tnx chazzle for the info
i thought maybe it is a specific shape which i dont know about

do u think it is bullish from now on or it is too early to say such thing
  • #265,576
  • Nov 30, 2010 1:33pm Nov 30, 2010 1:33pm
The trend is still bearish , Yasi , ... look at this 4 hour chart...I just did a scalp long , but I was prepared to close very quickly if it went against me...better to go with the trend my friend
Attached Image (click to enlarge)
Click to Enlarge Name: nas.PNG Size: 33 KB
  • #265,577
  • Nov 30, 2010 3:18pm Nov 30, 2010 3:18pm
Quoting chazzle
The trend is still bearish , Yasi , ... look at this 4 hour chart...I just did a scalp long , but I was prepared to close very quickly if it went against me...better to go with the trend my friend
From what I've heard from an insider, the major banks are still shorting the dollar and long on sterling, and as a hedge short on eur; so i'd be careful to be bearish on the pound as the fundamentals confirm the PA observed...

if you feel like shorting, go with the euro, otherwise come up with a fundamental reason as most cannot see it; just my opinion

thanks
  • #265,578
  • Nov 30, 2010 3:40pm Nov 30, 2010 3:40pm
Price pulled back 110 pips from the current and likely daily lo (5483) in that daily t/f potential rbs zone=previous daily swing hi x 2 zone discussed earlier...the pullback breeched the descending 4hr upper equiddiatnt channel/trend line to the upside and the current pullback/daily hi found some supply on a double test of the descending 1hr trend line and 1hr previous swing hi zone..

Just updating charts so have less to do at next trading session start ie tomorrow's london morning session.

The current 1hr near-term screenshot is below

G/L

http://www.easy-upload.net/fichiers/...1130223955.gif
ex member
  • #265,579
  • Nov 30, 2010 4:33pm Nov 30, 2010 4:33pm
Quoting snatch
From what I've heard from an insider, the major banks are still shorting the dollar and long on sterling, and as a hedge short on eur; so i'd be careful to be bearish on the pound as the fundamentals confirm the PA observed...

if you feel like shorting, go with the euro, otherwise come up with a fundamental reason as most cannot see it; just my opinion

thanks
Major Banks move this market my friend , if they were shorting the dollar and buying Sterling we would see Cable going up instead of down

No offence but "from what I've heard from an insider" doesn't really cut it for me , lol

And if you want a fundamental reason to short cable how about the fact that the UK is exposed to the tune of many 10s of billions in EUROpe

Own up - your post is a wind-up? A joke?
  • #265,580
  • Nov 30, 2010 5:55pm Nov 30, 2010 5:55pm
Quoting snatch
From what I've heard from an insider, the major banks are still shorting the dollar and long on sterling, and as a hedge short on eur; so i'd be careful to be bearish on the pound as the fundamentals confirm the PA observed...

if you feel like shorting, go with the euro, otherwise come up with a fundamental reason as most cannot see it; just my opinion

thanks
LOL...

Insider? Inside where?

Dude...just what color is the sky on your planet?

IF this is a medicated sabbatical you are on, please share some with the rest of the group...we could all be pie eyed and floating in your serenity during this festive of seasons.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
454 traders viewing now