Cable Update (GBPUSD) | Page 13919 | 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)

  • #278,361
  • May 5, 2011 3:08am May 5, 2011 3:08am
im on bear side
got in @6530 SL 6580.
b4 services PMI will put SL 6548
hopefuly won't reach again 6540 before data.


...tgt 64 area
90% of traders use TA, indicators and prediction
  • #278,362
  • May 5, 2011 3:10am May 5, 2011 3:10am
G/L with trade, hope upcoming Uk services Pmi data follows construction and manufacturing pmi's as weak and you get the knee-jerk (+) £ sell off re your trade.

Quoting _BBKing_
im on bear side
got in @6530 SL 6580.
b4 services PMI will put SL 6548
hopefuly won't reach again 6540 before data.


...tgt 64 area
ex member
  • #278,363
  • May 5, 2011 3:19am May 5, 2011 3:19am
Quoting bbmac
G/L with trade, hope upcoming Uk services Pmi data follows construction and manufacturing pmi's as weak and you get the knee-jerk (+) £ sell off re your trade.

thank you!
i would underline im not gambling...
i based my decision as i see refuse on ema200 in h1 and now below 6520!

now SL @BE
as im greedy today, i put buy stops > 6546

lets see if i recover losses by gold yesterday...
90% of traders use TA, indicators and prediction
  • #278,364
  • May 5, 2011 3:24am May 5, 2011 3:24am
Quoting _BBKing_
im on bear side
got in @6530 SL 6580.
b4 services PMI will put SL 6548
hopefuly won't reach again 6540 before data.


...tgt 64 area
Are you targeting on today trading session only? I mean, is this going to be day trade or medium term trade?
  • #278,365
  • May 5, 2011 3:29am May 5, 2011 3:29am
ssssssssssscrack
90% of traders use TA, indicators and prediction
  • #278,366
  • May 5, 2011 3:33am May 5, 2011 3:33am
damn, itis like we need to get the Reuters 9.28 terminal... seems like the big move happened just 2 mins before the news out to general public
  • #278,367
  • May 5, 2011 3:36am May 5, 2011 3:36am
that is it? going up now?
  • #278,368
  • Edited 3:49am May 5, 2011 3:36am | Edited 3:49am
Reaction to the sub prev mth and sub forecast 54.3 Uk Pmi services read sees cable plummet further, now into the previous 1hr/4hr/daily swing lo zone that extends down to 6430 (previous support)...3 x fibs in the zone as well as the ascending 4hr/daily trend line/channel and Daily S1 pivot.

How strong are the bears now ?

G/L
Attached Image
ex member
  • #278,369
  • May 5, 2011 3:37am May 5, 2011 3:37am
I av just bought g/u again, after open and close of morning entries.....
  • #278,370
  • May 5, 2011 3:38am May 5, 2011 3:38am
out half position +50 pips
let the other SL +10 TGT 6400
90% of traders use TA, indicators and prediction
  • #278,371
  • May 5, 2011 3:40am May 5, 2011 3:40am
I will tell you a secret

1.6380 first and later 1.62

my last target on this down is 1.61XX as the 600 pips from top

I don't wanna talk about GJ as I already said about the drop and that we will reach 131.34 level ..today or tmr .
we are 70 pips away from it

if we cross and close under it we go for 127.50 for sure and later 122 as it is my target

cheers
  • #278,372
  • May 5, 2011 3:45am May 5, 2011 3:45am
Quoting _BBKing_
out half position +50 pips
let the other SL +10 TGT 6400
Going with Train King..?! the ticket Box 6450 still Not Open Yet
  • #278,373
  • May 5, 2011 3:45am May 5, 2011 3:45am
Quoting redbeben
I will tell you a secret

1.6380 first and later 1.62

my last target on this down is 1.61XX as the 600 pips from top


cheers
does that refer to the mentioned 5-9 weeks time frame or you talk about this week? at least for the 1.638?
  • #278,374
  • May 5, 2011 3:57am May 5, 2011 3:57am
Quoting deryworlds
Going with Train King..?! the ticket Box 6450 still Not Open Yet
yes, payday!
position was double than normal!!
now already banked half with +50

done for the day, (maybe for the week)
recovered yesterday's loss on gold (...)

@redbeben: great your GJ!!! i follow your thought and let TGT open on GU
90% of traders use TA, indicators and prediction
  • #278,375
  • May 5, 2011 4:04am May 5, 2011 4:04am
Quoting sphinx8
does that refer to the mentioned 5-9 weeks time frame or you talk about this week? at least for the 1.638?
the 5-9 weeks was the time span for the 1.57-55

the 1.6380 might be touched today even if no rate rise ...and with the bad news I doubt they will raise anything..yet(I had a bad dream last night about the rate raise and I dreamed they did raise them and the price went to 1.80..brrrrrr i woke up all sweaty)

I wait for a brake of 1.6440 to open shorts for 1.6380 and below
I think we will retrace a bit now to close to 1.6495-65 level and go down again.
  • #278,376
  • May 5, 2011 4:08am May 5, 2011 4:08am
@ redb ok, makes sence....

what about the EURUSD ? thinking of shorting around 1.491x level?
  • #278,377
  • May 5, 2011 4:10am May 5, 2011 4:10am
I owe u $10 if we get there!!!!! I av only uptrend until b4 NFP, i wouldn't dare short, i would close @ 16570 and 1.6590 if reached b4 major news..... 4 now i wait for serious uptrend move only except yesterdays low broken, then your prediction begins else no short 4 me

Quoting redbeben
I will tell you a secret

1.6380 first and later 1.62

my last target on this down is 1.61XX as the 600 pips from top

I don't wanna talk about GJ as I already said about the drop and that we will reach 131.34 level ..today or tmr .
we are 70 pips away from it

if we cross and close under it we go for 127.50 for sure and later 122 as it is my target

cheers
  • #278,378
  • May 5, 2011 4:16am May 5, 2011 4:16am
There is a general uptrend on daily, and probably still on 4hr although looking less so on that t/f re price action, 1hr is mixed with a bearish tone atm so all in all picture unclear.

Perhaps Uk Boe/Mpc rate decision and U.s NFP etc tomorrow will make the picture clearer ?

G/L
ex member
  • #278,379
  • May 5, 2011 4:18am May 5, 2011 4:18am
Ignored the news so short off 6555 (entry 6542) as had already confirmed a move down so it has to head at least in direction of 6450

will take my leave if 6450 does not give moving forward

makingpips
  • #278,380
  • May 5, 2011 4:42am May 5, 2011 4:42am
Quoting sphinx8
@ redb ok, makes sence....

what about the EURUSD ? thinking of shorting around 1.491x level?
don't make me use the ''bowl'' again )

for EU as I mentioned last week we had 2-3 weeks left for it to reach 1.50-51 level.

yesterday we were close to this level @ 1.4937
we have a good H4 ichi cross we have RSI and momentum helping us on the way.

I would not touch it until that level for a short
and a short there means massive 800 pips down as a first TP ,second 1200 pips third 1600 pips (to lazy to calculate the exact values)

but I might be wrong and the price could start the drop now and move to that hundreds of pips

as I do not have any positions opened on EU now I cannot be accurate in calculations.my brain is stuck on GU and GJ
252 traders viewing now