Cable Update (GBPUSD) | Page 13457 | 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)

  • #269,121
  • Jan 19, 2011 10:43am Jan 19, 2011 10:43am
Quoting FXFundi
Interesting article on Bloombergs posted yesterday - think I also saw it on FF.


The currency will probably fall to $1.50 by year-end, he said. The pound climbed 0.5 percent to $1.5969 as of 2:14 p.m. in [url="http://topics.bloomberg.com/new-york/"][color=#0033cc] down from $1.59 at the end of last year.....

Won't be greedy so will target 1.5500.
Don't know why you're quoting this crap - telling us where price was yesterday and price at year end was not 159 - it was 156 - 300 pips lower

You wanna trade like an analyst or journalist - be my guest
  • #269,122
  • Jan 19, 2011 10:46am Jan 19, 2011 10:46am
all want the EU to fall, but unstoppable rise for 2 weeks,
What this will continue,,? what it will be able to suppress the movement of GU,,?
only an analysis, and I'm always wrong, don't follow me,
  • #269,123
  • Jan 19, 2011 11:01am Jan 19, 2011 11:01am
Quoting andelumut
all want the EU to fall, but unstoppable rise for 2 weeks,
What this will continue,,? what it will be able to suppress the movement of GU,,?
my view...

EU will targeting at least 50% daily retracement @1.3575...
while GU targeting 1.6170-1.6200.... but so far 1.6030-1.6060 providing good resistance... unless 1.5930 broke ill stay with my bullish target
Verily, in every difficulties there is relief
  • #269,124
  • Jan 19, 2011 11:34am Jan 19, 2011 11:34am
Quoting primzvicious
i agree i even set higher tp
lower tf fails to convince me for another retest... i closed this trade for +5
Verily, in every difficulties there is relief
  • #269,125
  • Jan 19, 2011 1:31pm Jan 19, 2011 1:31pm
Quoting primzvicious
my view...

EU will targeting at least 50% daily retracement @1.3575...
while GU targeting 1.6170-1.6200.... but so far 1.6030-1.6060 providing good resistance... unless 1.5930 broke ill stay with my bullish target
Quoting primzvicious
lower tf fails to convince me for another retest... i closed this trade for +5


Volume is dropping off and we might have to wait for Asia to make the next move. It came to within 25 pips of the monthly high and the bulls still have control on h1. We have not had a retrace, just rest bites with 8 (with tonight's close 9) positive daily candles. Signs are that the tide might be turning as it could not take out yesterday's high. Let's see what happens!
  • #269,126
  • Jan 19, 2011 2:14pm Jan 19, 2011 2:14pm
Quoting chazzle
Don't know why you're quoting this crap - telling us where price was yesterday and price at year end was not 159 - it was 156 - 300 pips lower

You wanna trade like an analyst or journalist - be my guest
Easy Chazz, no need to get on your high horse, just sharing what I thought would interst other traders, as I find forecasts interesting...
May the forex be with you |
  • #269,127
  • Edited 2:18pm Jan 19, 2011 2:15pm | Edited 2:18pm
Quoting gsantri
Good Morning,

From the perspective of divergence I don't see any significance sign of reversal. The trend might continuing bullish with a possible retrace to 23.6 - 38.2 fib of last H4 lo hi..
I think I SEE it now.
Bulls getting flat with appearance of Bearish Divergence on H4 (red line).
Although we see bullish HD (blue line) forming, telling we might still have 1-2 up-move but I doubt she'll make new highs. Market could be sideways with some news spikes till weekend.

It just an opinion that cud b wrong, dunno will happening now or next week, but I know for sure I will prepare my self and... scalping time
G/L

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: div-h4-20.gif Size: 17 KB
  • #269,128
  • Edited 5:10pm Jan 19, 2011 3:22pm | Edited 5:10pm
Quoting FXFundi
Easy Chazz, no need to get on your high horse, just sharing what I thought would interst other traders, as I find forecasts interesting...
Sorry - you're right-I was a bit harsh,just when we spend hours every day sometimes watching PA then to read something which isn't even true spouted out by some bloomberg journo posted here gets your back up a bit (well mine anyway) but again,apologies didn't mean to get personal about it
  • #269,129
  • Jan 19, 2011 7:29pm Jan 19, 2011 7:29pm
Hello Cable Junkies!

Thanks for the well wishes in my down time.

A little chart to hopefully help those still lost in the price action. Templates, instructions and indicators attached.

Just a little something that might help out for a quickie reference.

Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 78 KB
Attached File(s)
File Type: zip PA.zip   200 KB | 508 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269,130
  • Jan 19, 2011 8:19pm Jan 19, 2011 8:19pm
Quoting Magix
Hello Cable Junkies!

Thanks for the well wishes in my down time.

A little chart to hopefully help those still lost in the price action. Templates, instructions and indicators attached.

Just a little something that might help out for a quickie reference.

Glad to see you making an appearance.
Hope you're doing better.

Dr. D.
  • #269,131
  • Jan 19, 2011 8:19pm Jan 19, 2011 8:19pm
n now starting today till tomorrow..is for pound pair......
GU n GY..min 150-300pips

enjoys......g
  • #269,132
  • Jan 19, 2011 8:51pm Jan 19, 2011 8:51pm
Quoting chazzle
Sorry - you're right-I was a bit harsh,just when we spend hours every day sometimes watching PA then to read something which isn't even true spouted out by some bloomberg journo posted here gets your back up a bit (well mine anyway) but again,apologies didn't mean to get personal about it
No prob - all good and shot for pointing out that they were wrong. Now lets capture some pips!!
May the forex be with you |
  • #269,133
  • Jan 19, 2011 9:07pm Jan 19, 2011 9:07pm
I have a good idea for you guys who are GU short. This is to capture few pips. USD/JPY is at weeks low and prediction is that it can hit further low. so, if GU goes down, the sentiment will shift USD/JPY and it will go up too. So, we will do the below.

Buy USD/JPY @ 82.10
Sell USD/JPY @ 82.08

The theory is that as long as USD is strong, we will make profit in GU and we can close the above UJ position for minimum 2 pips loss which is acceptable. if USD weekens, then you will see GU going up trying to hit 1.6000 level again and this time possible that UJ will go down and may hit 81.00 or nearby that price. So, based on the RSI and other indicators, you can close the UJ position and can buy again at that price and you can definately make few pips when GU retraces back to 1.59 area which will in turn push UJ up back above 82 area...
  • #269,134
  • Jan 19, 2011 9:24pm Jan 19, 2011 9:24pm
'After the fact', you see a large move (relative to the tf) with
a sharp angle of PA (regardless of the tf)....there naturally will
be an accelerated separation of EMAs.

The steeper the angle, you'll more likely find an associated tf in
which the EMAs had earlier gathered into a tight compression
pattern initiating the move.

Unfortunately, by then you've missed most of the pips.

SO WHAT'S MY POINT?

If this association is consistently seen, repeating in every trading
session, and frequently present particularly on the lower tfs, why
not be looking for those patterns of EMAs as they are about to
gather 'before the fact' and prepare to jump aboard once the
move is fully committed.

AN IMPORTANT POINT:

A move that doesn't have a compression pattern present on an
associated tf to trigger the move is a move that lacks sufficient
energy and commitment and will offer little assurance that it is
a move that will continue (relative to the tf).

A move that is preceeded by a compression pattern will seldom
disappoint and will most often be one that is worth the effort in
study and analysis to determine an optimal entry.

HERE'S MY POINT:

Look for the gathering EMAs on any tf... once it appears, drill down
to lower tfs to see if a similar formation is completing or repeating
and catch the directional wave and gather the PIPS which will follow.

Always follow sound MM. Wait for commitment... and trust that
the move off of compression will more often have sufficient momentum
behind it to still provide adequate pips after a safe entry.

All discussions, principles and applications are (relative to the tf).**

Here's the 5m c.chart.

Dr. D.
**I've said it a thousand times.
Attached Image
  • #269,135
  • Jan 19, 2011 9:52pm Jan 19, 2011 9:52pm
So today will be very interesting for GU.......and all my target as per attach.....

will start my setting after this H1 pull back to up little bit then will start accordingly ~ 1.595 area....

That all from me to some of u at the moment.....

wish all the best and enjoy ur ride.....cheers

g
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU-H4.JPG Size: 164 KB
Click to Enlarge Name: GU-Daily.JPG Size: 170 KB
Click to Enlarge Name: gu-weekly.JPG Size: 178 KB
  • #269,136
  • Jan 19, 2011 9:54pm Jan 19, 2011 9:54pm
Greece Says No Debt Restructuring Amid `Complicated' EU Talks
not euphoria follower
  • #269,137
  • Jan 19, 2011 10:02pm Jan 19, 2011 10:02pm
close half sell here...,i will not let 100 pips back again to zero..
I will be the number one Manager.
  • #269,138
  • Jan 19, 2011 10:06pm Jan 19, 2011 10:06pm
bought @ 1.59329
  • #269,139
  • Jan 19, 2011 10:13pm Jan 19, 2011 10:13pm
Quoting grashid
So today will be very interesting for GU.......and all my target as per attach.....

will start my setting after this H1 pull back to up little bit then will start accordingly ~ 1.595 area....

That all from me to some of u at the moment.....

wish all the best and enjoy ur ride.....cheers

g
Verily, in every difficulties there is relief
  • #269,140
  • Jan 19, 2011 10:54pm Jan 19, 2011 10:54pm
Quoting redsword11
bought @ 1.59329

Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 44 KB




out
379 traders viewing now