Cable Update (GBPUSD) | Page 13804 | 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)

  • #276,061
  • Apr 12, 2011 3:37am Apr 12, 2011 3:37am
I guess this news will take us to them single prints @ 6170 area.
  • #276,062
  • Apr 12, 2011 3:42am Apr 12, 2011 3:42am
Quoting 50d
I guess this news will take us to them single prints @ 6170 area.
IMO, it seems like USD is still under pressure. But I don't know why that happens...
  • #276,063
  • Apr 12, 2011 3:45am Apr 12, 2011 3:45am
i wait a bit this h1 closing n next h1 see where goes
eur gbp fly
euro usd still high
90% of traders use TA, indicators and prediction
  • #276,064
  • Apr 12, 2011 3:45am Apr 12, 2011 3:45am
Quoting 0rPhioZ
IMO, it seems like USD is still under pressure. But I don't know why that happens...
usdx is fukked by CHF AUD n EUR actually
90% of traders use TA, indicators and prediction
  • #276,065
  • Apr 12, 2011 3:47am Apr 12, 2011 3:47am
Quoting _BBKing_
usdx is fukked by CHF AUD n EUR actually
That's why I think I'll wait a bit before entering. USD only prevails because of bad news. Who knows what will happen in an hour or two.
  • #276,066
  • Apr 12, 2011 3:51am Apr 12, 2011 3:51am
Quoting chazzle
....Would wait for 265 to go before short , but even then , 200ma likely to provide a bit of support
3 pips from the 200 - got 21 on the bounce:http://www.forexfactory.com/showthre...17#post4537917
Attached Image (click to enlarge)
Click to Enlarge Name: 3p.jpg Size: 91 KB
  • #276,067
  • Apr 12, 2011 3:51am Apr 12, 2011 3:51am
Quoting 0rPhioZ
That's why I think I'll wait a bit before entering. USD only prevails because of bad news. Who knows what will happen in an hour or two.

yes i agree
price touch 38.2% fibo 5934-6424

6250-6260 can also be testing levels on weekly chart.
lets see Price what does now next moves
90% of traders use TA, indicators and prediction
  • #276,068
  • Apr 12, 2011 4:00am Apr 12, 2011 4:00am
Quoting Beljevina
..
USDX is looking to bounce perhaps, and we need to see if risk-off is the theme for the next few days. BoE raising rates is perhaps a matter of time now that Frankfurt has done so - we might get another trip closer to 1.6/1.59x before a potential sterling run-up.
With low CPI / inflation there will be no rates hike on the weeks to come.
So now its more clearer which direction is the price heading to.
  • #276,069
  • Apr 12, 2011 4:03am Apr 12, 2011 4:03am
Whoa, another string of bad news from EUR. Now we probably need to see news from USD.
  • #276,070
  • Apr 12, 2011 4:10am Apr 12, 2011 4:10am
Quoting gsantri
With low CPI / inflation there will be no rates hike on the weeks to come.
So now its more clearer which direction is the price heading to.
I think you're right. And, if it snowballs that 1) the ECB hike was premature and more problematic/negative than anything else, BoE will get pushed off further and 2) UK/sterling climate could worsen, thus further dampening the BoE hawks.

We could see another 50-90 pips in GU & GY into the NY morning start.
  • #276,071
  • Apr 12, 2011 4:21am Apr 12, 2011 4:21am
I'm buying and buying with each low

in max 6 weeks we will have at leats 1.65
  • #276,072
  • Apr 12, 2011 4:24am Apr 12, 2011 4:24am
Quoting redbeben
I'm back with more thoughts

a drop of at least 142 pips from todays high is my first target on the way down

and I hope for 70 more afterwards...meaning a first TP at 1.6280 and a second one at 1.6210 more or less
third TP will be open as I really have no idea where it will go.I should have had the calculations finished so far but my comp does not help me
second TP about to close even if I will play it manually in between 1.6210 and 1.6180

third TP on the sells would be somewhere close to 1.61 at least.
  • #276,073
  • Apr 12, 2011 4:25am Apr 12, 2011 4:25am
GBPUSD the new makes it to moved down... I have long pending order at 1.6200
  • #276,074
  • Apr 12, 2011 4:28am Apr 12, 2011 4:28am
Quoting Beljevina
I think you're right. And, if it snowballs that 1) the ECB hike was premature and more problematic/negative than anything else, BoE will get pushed off further and 2) UK/sterling climate could worsen, thus further dampening the BoE hawks.

We could see another 50-90 pips in GU & GY into the NY morning start.
Agreed and good luck for all
  • #276,075
  • Apr 12, 2011 4:34am Apr 12, 2011 4:34am
Quoting redbeben
I'm buying and buying with each low

in max 6 weeks we will have at leats 1.65
in less than a week
  • #276,076
  • Apr 12, 2011 4:38am Apr 12, 2011 4:38am
Quoting redbeben
I'm buying and buying with each low

in max 6 weeks we will have at leats 1.65
USD is a mess now so I think it will really happen.
  • #276,077
  • Apr 12, 2011 4:39am Apr 12, 2011 4:39am
Quoting gsantri
With low CPI / inflation there will be no rates hike on the weeks to come.
So now its more clearer which direction is the price heading to.
I wouldn't say they were low, but I agree with your conclusion. As I have stated many times on this thread, the earliest the BoE will raise interest rates is in August with many reasons given... and I still stand by that!
  • #276,078
  • Apr 12, 2011 4:41am Apr 12, 2011 4:41am
Quoting 0rPhioZ
USD is a mess now so I think it will really happen.
It is the commodities that is driving the USD lower. Maybe commodities have topped... we shall see over the coming weeks!
  • #276,079
  • Apr 12, 2011 4:43am Apr 12, 2011 4:43am
Quoting MapleLeaf
Come on... check the last months and see the bull trend solid bull trend. What exactly tell you that we are now in bearish period? One day of red?
What chart are you looking at - EU?
  • #276,080
  • Apr 12, 2011 4:44am Apr 12, 2011 4:44am
Quoting ndsouz
SL shifted 1.6239 I am still long 25lots @ 1.6350 and 11 lots long @ 1.6408 TP- 1.6520

If it falls below 1.6280 I am going to input 14lots more. So a total of 50 lots..

Reason being i anticipated it will fall to 1.6280 to input more 25 lots but instead it went up boosting my confidence but i put 11lots for total of 36lots.. but now its going down.. so i wish it goes lower than 1.6280 to input the remaining lots of my quota of 14lots.

Either way im happy... just if it goes down before it goes up.. ill be a more happy guy
Still happy or did you get burned? Please provide us with an update. Thanks!
546 traders viewing now, 1 is registered:
CPUmice