Cable Update (GBPUSD) | Page 13698 | 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)

  • #273,941
  • Mar 12, 2011 12:09am Mar 12, 2011 12:09am
Quoting Budicnf
I am a novice trader GBP / USD. I am not accidentally read your writing and I tried to follow it with was pounding beat expectations while hoping that when the price of GBP/USD 1.6060 close. I will try to follow every day if I find your writing back on Monday. Thank you very much
You are very welcome. Thanks for believing in my trade call. Send me a private message so that I would give you my instant messenger ID.
  • #273,942
  • Mar 12, 2011 12:16am Mar 12, 2011 12:16am
Quoting bbakker
Nice trade
Thanks alot bro and big thanks to BB_King also. I appreciate.
  • #273,943
  • Edited 12:46am Mar 12, 2011 12:19am | Edited 12:46am
Quoting Countvonalti
nice trade guys, I'm completely bullish on this pair with the impending UK interest rate rise
I am afraid that the UK interest rate rise is not as impending as you think it is. It all hinges on the prelim GDP figure that will be released in less than 4 weeks time. This week's PPI figures show that CPI and RPI figures that will come out in 2 weeks time might be lower and the UK economy is still too fragile for the BoE to raise interest rates at this stage with a double-dip recession a real possibility. Housing market has stalled too and with 70% of mortgages on variable rates, it won't help that market either. I do see a rise in interest rates this year, but later rather than sooner which is what you are implying!

Personally I think we will see 1.55 before we see 1.65, but I could be wrong! That pinbar on the daily does look very bullish!
  • #273,944
  • Mar 12, 2011 2:52am Mar 12, 2011 2:52am
Quoting geniusztc
i just find ,there are less people posted here than the EU area. why ?
Pretty much like 1-5min chart on the EU thread compare to here like 15m-1hr chart hahaha!
Make it rain baby
  • #273,945
  • Mar 12, 2011 5:15am Mar 12, 2011 5:15am
Weekly close printed bearish engulfing at 16080.
DTL from 5 nov 2007 - 14 jul 2008 meets LTL at 16080.

Daily close printed a bullish hammer....4hr.printed bullish, all lower time frames printed a slight change in direction.

Could this have been due to the release of news re Japan or a retrace due to supply around 16075-16085 which i had posted earlier on Fri.?

Thankfully, Fudomyo is safe and well. A gentleman and one of my favourite senior members....thoughts go to him, his family and friends and everyone suffering hardship and loss. Really brought it home to me...the thought that a very helpful Senior Member is caught up in all that and the relief when he posted and swore at some insensitive person on Eur. thread.
Power to you Fudo.!
I'm still bearish but as always will grab whatever i can take whatever the direction.....even sideways.

Edit...i've just seen some excellent fundermental assesment on Redswords thread..Orbital and bbakker.
Attached Image
All systems of divination, like music itself,work through patterns.
  • #273,946
  • Edited 6:45am Mar 12, 2011 5:28am | Edited 6:45am
hello

my long term view for this pair is this

long with TP's at 1.625,1.643,1.70 and 1.784

short term we still might have a 1.5940-50 but I would not count on it yet.
  • #273,947
  • Mar 12, 2011 6:47am Mar 12, 2011 6:47am
Something i just picked up on from Redsword11....

Momentum last Thurs... UP from demand erratic .
Momentum back to demand on Fri. powerful.

I find the mirror correlation to cable invaluable.
Just wanted to share this in case some of you were wondering why Fri. long on cable was so easy.

Its not always so...lol!
Attached Image
All systems of divination, like music itself,work through patterns.
  • #273,948
  • Mar 12, 2011 1:12pm Mar 12, 2011 1:12pm
Quoting geniusztc
i just find ,there are less people posted here than the EU area. why ?
maybe because gbp usd is stronger to trade
90% of traders use TA, indicators and prediction
  • #273,949
  • Mar 12, 2011 1:25pm Mar 12, 2011 1:25pm
Quoting kaspopsicle
Weekly close printed bearish engulfing at 16080.
DTL from 5 nov 2007 - 14 jul 2008 meets LTL at 16080.

Daily close printed a bullish hammer....4hr.printed bullish, all lower time frames printed a slight change in direction.

Could this have been due to the release of news re Japan or a retrace due to supply around 16075-16085 which i had posted earlier on Fri.?

Thankfully, Fudomyo is safe and well. A gentleman and one of my favourite senior members....thoughts go to him, his family and friends and everyone suffering hardship and loss. Really...
hello
i noticed same thigs on weekly charts
5970 good support level
i think if start of next week price will close below there some h1 or better h4 shud be time to short till lower trendline
last time in these levels had a good fight n did not cross support line.
shud hold again but im ready also to short
90% of traders use TA, indicators and prediction
  • #273,950
  • Mar 12, 2011 2:44pm Mar 12, 2011 2:44pm
Rather than use one of my posts to try to make a point, i feel it would be more appropriate for you to post your own chart with your own reasoning.

My reasons for requesting that you should do this is that your reasoning has nothing to do with mine. It may simply be a case of different data feed .

I see no support at 16070 on any time frame . I see a minor level of supply.I could quite well be wrong but would rather that posters can see me being wrong without you clouding the issue.

For the sake of clarity on this thread would you please, if you wish to respond to my posts , use the post reply button ...not the quote button.

This is the fourth time of asking.
All systems of divination, like music itself,work through patterns.
  • #273,951
  • Mar 12, 2011 4:00pm Mar 12, 2011 4:00pm
"Rather than use one of my posts to try to make a point"
yes i agree coz every day i get into this thread waitin your charts to say something!

sorry i missed your posts where you were sayn not to use "quote" button to answer to yours. were them to me? i dont remember if i already quoted some of yours in the past! anyway i need to say that i can't see reasons for this, but also say that i obviuosly respect this n i will never "quote"

i only added one thing.
i was trying to say on that "quote": i agree with what you say about fast time frames pattern n weekly pattern n bullish n bearich etc.
and weekly candle make me thinkin on the possible short, if loose 5970 support, until lower trendline.
sayin this need no chart.

my english is not perfect, this is a possible reason why you misunderstood me.

bybye
90% of traders use TA, indicators and prediction
  • #273,952
  • Mar 12, 2011 4:08pm Mar 12, 2011 4:08pm
Quoting bbakker
I am afraid that the UK interest rate rise is not as impending as you think it is. It all hinges on the prelim GDP figure that will be released in less than 4 weeks time. This week's PPI figures show that CPI and RPI figures that will come out in 2 weeks time might be lower and the UK economy is still too fragile for the BoE to raise interest rates at this stage with a double-dip recession a real possibility. Housing market has stalled too and with 70% of mortgages on variable rates, it won't help that market either. I do see a rise in interest...
thanks to its fundamental analysis,

I wanted to ask, what things will be done first QE or interest rates,,?
only an analysis, and I'm always wrong, don't follow me,
  • #273,953
  • Mar 13, 2011 12:48am Mar 13, 2011 12:48am
Thank you. I feel truly honoured.
All systems of divination, like music itself,work through patterns.
  • #273,954
  • Mar 13, 2011 12:51am Mar 13, 2011 12:51am
Quoting andelumut
thanks to its fundamental analysis,

I wanted to ask, what things will be done first QE or interest rates,,?
One member wants QE, three members want a rise in interest rates, five are sitting on their hands. It all depends on the economy, inflation and GDP figures but my belief, with the current economic status, is that there will be no more QE and interest rates will rise by the end of 2011. A lot can happen between now and then, that can change this and assumptions are the mother of all fook ups. Be flexible and keep an eye on the FF major news releases for GBP as these figures are what the BoE look at which determine their decisions and read their MoM (http://www.bankofengland.co.uk/publi...2011/index.htm) to gauge their thinking.

You have so much information on this web site ((http://www.bankofengland.co.uk/), it really is worth spending some time on here to get an understanding of how the UK's Central Bank work, because the CBs are the biggest players in this market!
  • #273,955
  • Mar 13, 2011 1:55am Mar 13, 2011 1:55am
Quoting _BBKing_
"Rather than use one of my posts to try to make a point"
yes i agree coz every day i get into this thread waitin your charts to say something!

sorry i missed your posts where you were sayn not to use "quote" button to answer to yours. were them to me? i dont remember if i already quoted some of yours in the past! anyway i need to say that i can't see reasons for this, but also say that i obviuosly respect this n i will never "quote"

i only added one thing.
i was trying to say on that "quote": i agree with what you say...
NP....i used to do that all the time.lol.. Still do...
All systems of divination, like music itself,work through patterns.
  • #273,956
  • Mar 13, 2011 4:08am Mar 13, 2011 4:08am

two weeks 11460 < 13511 July

Founder of Sutherland Wave Principle
  • #273,957
  • Edited Mar 14, 2011 2:12am Mar 13, 2011 5:06am | Edited Mar 14, 2011 2:12am
Due to US and Canada Daylight Saving Time shifted so their news will be released 1 hour earlier than usual schedule. Just be careful.

For FF calendar indie user, some of older version doesn't work because of some changes at FF server. I found this one from other thread, works fine all news in 1 chart.

EDIT: Make sure the 'Allow DLL import' is ticked
.
Attached Image (click to enlarge)
Click to Enlarge Name: ff-cal.gif Size: 14 KB
Attached File(s)
File Type: mq4 FFCal_allNewsCharts_jack1.mq4   49 KB | 315 downloads
File Type: ex4 FFCal_allNewsCharts_jack1.ex4   35 KB | 241 downloads
  • #273,958
  • Mar 13, 2011 5:48am Mar 13, 2011 5:48am
i think you are 12 hours ahead of UK?
i see that your beautiful new c. chart is showing slight direction to north...i quickly plotted and it looks to be aiming for 16120-128 which coincides with DTL on 1hr chart ...these patterns are fascinating.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (11-MAR-11).png Size: 13 KB
All systems of divination, like music itself,work through patterns.
  • #273,959
  • Mar 13, 2011 6:30am Mar 13, 2011 6:30am
Quoting kaspopsicle
i think you are 12 hours ahead of UK?
i see that your beautiful new c. chart is showing slight direction to north...i quickly plotted and it looks to be aiming for 16120-128 which coincides with DTL on 1hr chart ...these patterns are fascinating.
Hi Kas,
We are 7 hours ahead of yours, its 8.30 pm now.

Yes it could go to 6120 - 6142 - 6174 then a tough to crack would be 1.6210.
But if she rejected on your DTL we'll see 1.6000 again with 1.5990 is a key level there imo.

Tomorrow morning (my time) Tokyo still the hot issue due to their effort to stabilize market. To some extent this will affect the others.

Hey enjoy your weekend btw..
  • #273,960
  • Mar 13, 2011 6:34am Mar 13, 2011 6:34am
Quoting gsantri
Due to US and Canada Daylight Saving Time shifted so their news will be released 1 hour earlier than usual schedule. Just be careful.

For FF calendar indie user, some of older version doesn't work because of some changes at FF server. I found this one from other thread, works fine all news in 1 chart.
.
Gsantri,, thank for your share indicator,, i have download it,,

"matur nuhun",
only an analysis, and I'm always wrong, don't follow me,
961 traders viewing now