Cable Update (GBPUSD) | Page 14027 | 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)

  • #280,521
  • Edited 12:28am Jun 3, 2011 12:05am | Edited 12:28am
Above current price the area leading to 6378 then 6417, the previous 1hr swing hi and 1hr/4hr swing hi zones are the immediate upside obstacles, with Monthly pivot and Daily R1 (6421-also 61.8% 6546-6303) around that 6417 yesterday's Hi with 50% of the 6546-6303 just above @ 6424.......Nearer to home just spotted a descending 1hr descending trend line nearer to current price.

Below current price the previous 1hr/4hr swing lo zone and daily S1 pivot around yesterday's 6303 Lo/50% 6057-6546, and below here the 61.8% 6131-6546 @ 6291 and then a previous 1hr/4hr swing lo zone leading down to 6273.

G/L
Attached Image
ex member
  • #280,522
  • Jun 3, 2011 12:07am Jun 3, 2011 12:07am
Quoting _BBKing_
wow.
all ready to share ideas as i see.
very good.

maybe nobody knows where we are going.

im in a big doubt too.
today we brake levels, thats for sure.
good luck guys
DOWN KING !!! watch 6308 then 6250 for first BUY
  • #280,523
  • Jun 3, 2011 12:16am Jun 3, 2011 12:16am
This previous swing hi x 2 zone on daily probably extendfs down to 6230 area which is 76.4% 6131-6546, above it 61.8% 6057-same 6546 @ 6251...will there be more support in there if this previous resistance zone if tested...price has tested top of it so far with that current 6303 low yesterday.

G/L
Attached Image
ex member
  • #280,524
  • Jun 3, 2011 12:38am Jun 3, 2011 12:38am
clearly some demand at the current daily lo - bottom of 15min consolidation channel but 1st upside b/o failed and has tested bottom of that 15min channel again...will judge pa on 15min + now as to whether to go long from here - it isn't yet a fractal swinng lo on 1hr.

G/L
Attached Image
ex member
  • #280,525
  • Jun 3, 2011 12:42am Jun 3, 2011 12:42am
There is consolidation beetwen 1,6305 and 1,6397 until USD non-farm emplyment change, so I' a long with TP 1,6395.
  • #280,526
  • Jun 3, 2011 12:54am Jun 3, 2011 12:54am
What a shit fight yesterday was!! I put in 2 longs and 2 shorts on a smaller account that I play with sometimes and they all got taken out, the @#*%ers
Come with me if you want to live....
  • #280,527
  • Jun 3, 2011 12:55am Jun 3, 2011 12:55am
Quoting deryworlds
DOWN KING !!! watch 6308 then 6250 for first BUY
hello
for the moment i have a shy buy 6341
sell stop 6299
buy stop 6388

this for servicesPMI
bad release get 62 area
good release get 64 area.
then before NFP i leave n come back next week
90% of traders use TA, indicators and prediction
  • #280,528
  • Jun 3, 2011 12:57am Jun 3, 2011 12:57am
Quoting Ill-b-back
What a shit fight yesterday was!! I put in 2 longs and 2 shorts on a smaller account that I play with sometimes and they all got taken out, the @#*%ers
up, down, up, down, then back up, it was a London take out special, I felt like my trades were the only ones being watched by the powers at be.
Come with me if you want to live....
  • #280,529
  • Jun 3, 2011 12:59am Jun 3, 2011 12:59am
Quoting deryworlds
well Is Better to forget about Long unless scalp in 2 hrs
Today Projection will be 6350-6339 where is 61.8% Weekly Fibo
Only cable already reaching out the 100% so shes going down after all
wish you have a green Pips perhaps Short agian at daily Open till friday
I have my buy Limit on 6322. targeting some where above 6466
Keep the Lights on then you can catch the rise from the dark.
  • #280,530
  • Jun 3, 2011 1:03am Jun 3, 2011 1:03am
Quoting Ill-b-back
up, down, up, down, then back up, it was a London take out special, I felt like my trades were the only ones being watched by the powers at be.

same here for the moment
sometimes happens
but im going with 0,10 lots
'money management'
90% of traders use TA, indicators and prediction
  • #280,531
  • Jun 3, 2011 1:06am Jun 3, 2011 1:06am
Uk manuf pmi was disappointing, construction pmi better than expected, so what will services pmi be today ? could see a knee-jerk (+) reaction on any print above/below last mth/forecast..

Re U.s NFP etc later, Wed's ADP forecast was +34k ! this site going with +174k againbst +224k previous...anyone's guess really....

G/L
ex member
  • #280,532
  • Jun 3, 2011 1:09am Jun 3, 2011 1:09am
Quoting bbmac
clearly some demand at the current daily lo - bottom of 15min consolidation channel but 1st upside b/o failed and has tested bottom of that 15min channel again...will judge pa on 15min + now as to whether to go long from here - it isn't yet a fractal swinng lo on 1hr.

G/L

hello
i notice same reaction near 6330
lets see how long this area will hold
90% of traders use TA, indicators and prediction
  • #280,533
  • Jun 3, 2011 1:09am Jun 3, 2011 1:09am
morning traders,

long time no see.don't worry I was not kidnapped by the government or killed by the sharks neither lost my account or anything else.
Just summer came and I am on a detox programme based on salads and the bowl is most of the times full

just kidding.
I was on holiday but still trading and in the meanwhile I became a fund manager(I guess that's how you call it)so I am pretty busy now but I prommise i will post again starting next week as today I would not risk your money on the damn news even if I see very clear moves......we all know that the news won't affect the market as the trend is given by the tech not by the fundies but still spikes combined with heavy lots and tight SL won't bond well.
  • #280,534
  • Jun 3, 2011 1:12am Jun 3, 2011 1:12am
Quoting _BBKing_
hello
for the moment i have a shy buy 6341
sell stop 6299
buy stop 6388

this for servicesPMI
bad release get 62 area
good release get 64 area.
then before NFP i leave n come back next week
Cool King but I just left my Sell New Open at 6339 just now and place Buy Stop near at yours 6385... I see cable really need a big power to going back North according 1H only... but I like to see The Dragon (GBPJPY) already give new sign for GBP direction..... If Cable want Up at NFP the simple way is they should Going Down for now atleast 80 pips
Attached Image (click to enlarge)
Click to Enlarge Name: update.jpg Size: 121 KB
  • #280,535
  • Jun 3, 2011 1:14am Jun 3, 2011 1:14am
if anyone interested...
my h4 shows support by red dotted line and resistance on yellow.

looks like a bearish flag to 62 and 61 area
but looks also like a consolidation on ema200 (white) to go 64 n 65 area

today's events will tell where we go
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.jpg Size: 83 KB
90% of traders use TA, indicators and prediction
  • #280,536
  • Jun 3, 2011 1:17am Jun 3, 2011 1:17am
Quoting redbeben
morning traders,

long time no see.don't worry I was not kidnapped by the government or killed by the sharks neither lost my account or anything else.
Just summer came and I am on a detox programme based on salads and the bowl is most of the times full

just kidding.
I was on holiday but still trading and in the meanwhile I became a fund manager(I guess that's how you call it)so I am pretty busy now but I prommise i will post again starting next week as today I would not risk your money on the damn news even if I see very clear moves......we...

nice to see you again
90% of traders use TA, indicators and prediction
  • #280,537
  • Jun 3, 2011 1:22am Jun 3, 2011 1:22am
Quoting deryworlds
Cool King but I just left my Sell New Open at 6339 just now and place Buy Stop near at yours 6385... I see cable really need a big power to going back North according 1H only... but I like to see The Dragon (GBPJPY) already give new sign for GBP direction..... If Cable want Up at NFP the simple way is they should Going Down for now atleast 80 pips
i closed the shy long in loss
i reversed with a shy sell 6332
still have the sell stops n buy stops
90% of traders use TA, indicators and prediction
  • #280,538
  • Jun 3, 2011 1:25am Jun 3, 2011 1:25am
Quoting _BBKing_
i closed the shy long in loss
i reversed with a shy sell 6332
still have the sell stops n buy stops
  • #280,539
  • Jun 3, 2011 1:27am Jun 3, 2011 1:27am
Quoting deryworlds
Yup the critical area is actual at 1.6485, If we could see again 1.6472 then we will cancel the south but i doubt on it ! unless Friday after NFP maybe
Just Remind Guy's tell U since Monday
  • #280,540
  • Jun 3, 2011 1:28am Jun 3, 2011 1:28am
Hmmm...
Attached Image (click to enlarge)
Click to Enlarge Name: hmmm.gif Size: 14 KB
Come with me if you want to live....
181 traders viewing now, 4 are registered:
,
,
Foryture
,