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Cable Update (GBPUSD)

  • #267,621
  • Dec 29, 2010 10:13am Dec 29, 2010 10:13am
did anyone else think cable was supposed to go like, down today?

Enter Signature
  • #267,622
  • Dec 29, 2010 10:22am Dec 29, 2010 10:22am
Quoting rome777
Range between what levels?



Can you show your chart?
Sorry I am on my mobile so chart posting is difficult. But here is a link to a previous post that shows the chart.

http://www.forexfactory.com/showpost...stcount=267505
  • #267,623
  • Dec 29, 2010 10:24am Dec 29, 2010 10:24am
Quoting vosterfxandy
did anyone else think cable was supposed to go like, down today?

+1
  • #267,624
  • Dec 29, 2010 10:28am Dec 29, 2010 10:28am
Quoting Ctic
Sorry I am on my mobile so chart posting is difficult. But here is a link to a previous post that shows the chart.

http://www.forexfactory.com/showpost...stcount=267505
Thanks.
  • #267,625
  • Dec 29, 2010 10:30am Dec 29, 2010 10:30am
Quoting vosterfxandy
did anyone else think cable was supposed to go like, down today?

I think although sterling is weak , dollar isn't particularly strong either - DX found resistance @ 8070 and is now @ 8046 , and this is giving the sideways action , as Ctic points out
  • #267,626
  • Dec 29, 2010 10:30am Dec 29, 2010 10:30am
Quoting freqzz
+1
this is why fx pisses me off. you almost know it's going up.

but no no, the market knows what you're thinking.
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  • #267,627
  • Dec 29, 2010 10:33am Dec 29, 2010 10:33am
Quoting chazzle
I think although sterling is weak , dollar isn't particularly strong either - DX found resistance @ 8070 and is now @ 8046 , and this is giving the sideways action , as Ctic points out
Big picture, DX has put in two higher lows on the weekly.
  • #267,628
  • Dec 29, 2010 10:37am Dec 29, 2010 10:37am
still holding my long from 5395. tp set at 5455, but I think 5466 is where she might be headed. sherpa on the 1 hour is in motion I do believe.Just my 2 cents.
  • #267,629
  • Dec 29, 2010 10:39am Dec 29, 2010 10:39am
Quoting vosterfxandy
this is why fx pisses me off. you almost know it's going up.

but no no, the market knows what you're thinking.
na.. we're playing it at a very bad time.
  • #267,630
  • Dec 29, 2010 10:40am Dec 29, 2010 10:40am
Quoting chazzle
I think although sterling is weak , dollar isn't particularly strong either - DX found resistance @ 8070 and is now @ 8046 , and this is giving the sideways action , as Ctic points out
The question is who is weaker? Lol.
  • #267,631
  • Dec 29, 2010 10:44am Dec 29, 2010 10:44am
Quoting Low
Big picture, DX has put in two higher lows on the weekly.
thanks Low - I can only see 3 months of info at a time with my broker for DX - because its a futures contract - is this the same across the board?
  • #267,632
  • Dec 29, 2010 10:44am Dec 29, 2010 10:44am
New yearly highs on US stock indexes.
  • #267,633
  • Dec 29, 2010 10:45am Dec 29, 2010 10:45am
Quoting Ineedpips9
still holding my long from 5395. tp set at 5455, but I think 5466 is where she might be headed. sherpa on the 1 hour is in motion I do believe.Just my 2 cents.
closed it. pigs get slaughtered.waiting for the next setup.
  • #267,634
  • Dec 29, 2010 11:02am Dec 29, 2010 11:02am
thought I'd wait for full TP as an experiment (cos I hardly ever take it) so refused 18 while waiting for 20 - now floating around my SL - but hanging in there looking for DX to reclaim 8030 and hold above it - a break and hold above EMA200 H1 and I am definitely out (cable)
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  • #267,635
  • Dec 29, 2010 11:05am Dec 29, 2010 11:05am
Quoting freqzz
might be. but my chart is telling me a bounce to yesterday low. dunno. well see.
It appears its going for the top. Like I said don't try to guess it. Only play tops and bottoms till we get a clear break.
  • #267,636
  • Dec 29, 2010 11:07am Dec 29, 2010 11:07am
Quoting chazzle
thanks Low - I can only see 3 months of info at a time with my broker for DX - because its a futures contract - is this the same across the board?

I don't have a real DX feed. I use freestockcharts.com. DXY0. Only prints EOD.
  • #267,637
  • Dec 29, 2010 11:09am Dec 29, 2010 11:09am
Quoting Ineedpips9
still holding my long from 5395. tp set at 5455, but I think 5466 is where she might be headed. sherpa on the 1 hour is in motion I do believe.Just my 2 cents.
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Click to Enlarge Name: cablesherpa.jpg Size: 65 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,638
  • Dec 29, 2010 11:12am Dec 29, 2010 11:12am
Already broke my SL rule by letting it go 7 beyond so shouldn't push my luck - out for -20
  • #267,639
  • Dec 29, 2010 11:22am Dec 29, 2010 11:22am
break above 1.5465 might lead us to 1.5490. might consider short from there..
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  • #267,640
  • Dec 29, 2010 11:29am Dec 29, 2010 11:29am
i think Pipchick is going nuts right about now, she jump out to soon any way hope all is well.
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