Cable Update (GBPUSD) | Page 14095 | 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)

  • #281,881
  • Jun 18, 2011 12:42am Jun 18, 2011 12:42am
Quoting PipPipPip
ya. pull up your hourly, there is demand at 1.6220-1.640, and below that is some supply. moreover, there is more demand at the recent bottom. monday will be more clear.

gl!
Yes I see a "double bottom" on the daily chart? Also 4hr chart looks fairly bullish IMHO - can't see much resistance up to 14300 area once/if we do break through 16200 support level. Am I about right there?

rgds
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hr.gif Size: 16 KB
  • #281,882
  • Jun 18, 2011 12:52am Jun 18, 2011 12:52am
Additional to USD/JPY, I personally think that GBP/USD is also a “hard-to-trade” pair for the time being.

http://lcchong.files.wordpress.com/2...ng?w=877&h=396

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #281,883
  • Jun 18, 2011 1:03am Jun 18, 2011 1:03am
Quoting jmtini
My broker's platform closes an hour early! Closing price is 16177 and yet my demo platform closed at 16189

Anyone else have the same problem with their broker? It's a real nuisance on a Friday!

rgds
That's why I don't trade late on friday's. Really, unless it's a swing trade with a nice wide stop, you're just asking for trouble.
  • #281,884
  • Jun 18, 2011 3:54am Jun 18, 2011 3:54am
Last week Cable had a good trading range of 364 PIPs. That allowed us to take three trades and capitalise on the directional moves. See attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110617.gif Size: 18 KB
Ordo ab Chao!
  • #281,885
  • Jun 18, 2011 9:00am Jun 18, 2011 9:00am
Quoting KrisM
Last week Cable had a good trading range of 364 PIPs. That allowed us to take three trades and capitalise on the directional moves. See attached chart.
Wow, if you made 3 trades for 364 pips - please could you share your next pending trade? Thanks!

rgds
  • #281,886
  • Jun 18, 2011 9:11am Jun 18, 2011 9:11am
Hmm... I wasn't clear. The weekly range was 364 pips, i.e. the full swing from Tue top to Thu bottom.
Anyway, I don't count pips, but on the three trades I made $235 in total.
Ordo ab Chao!
  • #281,887
  • Jun 18, 2011 1:16pm Jun 18, 2011 1:16pm
Quoting KrisM
Hmm... I wasn't clear. The weekly range was 364 pips, i.e. the full swing from Tue top to Thu bottom.
Anyway, I don't count pips, but on the three trades I made $235 in total.
what size of lot r u trading? Only 235 bucks all week and what you saw as a almost 400 pip range?
I don't trust any move - when you have profit...take it.
  • #281,888
  • Jun 18, 2011 2:33pm Jun 18, 2011 2:33pm
Quoting jmtini
Yes I see a "double bottom" on the daily chart? Also 4hr chart looks fairly bullish IMHO - can't see much resistance up to 14300 area once/if we do break through 16200 support level. Am I about right there?

rgds
You got the idea. That is what I see though. For everyone, it could be different. Overall, I see more demand right now then supply, at least until July.

If you look back at my posts, I was -200 pips underwater on cable near mid week, and cable pulled back up giving me -30 now. There were many rejections at its low. Accumulation? possible, there could be another shake out, but next week will tell.

i don't think im going to close it soon. i mean for risking 200 pips, im going to wait that big fish out! As long as es keeps bouncing off 1250, ill just keep buying, which I am aiming for 1280. On aud, there was heavy buying at the bottom last week, I closed partial profits, but it is still going my way.

GL!
  • #281,889
  • Jun 19, 2011 1:01am Jun 19, 2011 1:01am
Quoting Faller
what size of lot r u trading? Only 235 bucks all week and what you saw as a almost 400 pip range?
I trade 0.1 lots. I don't know any human that is able to take the advantage of the full range.
Ordo ab Chao!
  • #281,890
  • Jun 19, 2011 6:17am Jun 19, 2011 6:17am
hello all,
i left markets friday n as i see on h1 chart i did best thing!
when i left price was fightin daily open price and support built near 6140.

anyway i post my h1-h4-d1 charts.
90% of traders use TA, indicators and prediction
  • #281,891
  • Jun 19, 2011 6:20am Jun 19, 2011 6:20am
price broke descendig red line only at the end of the day after found support @6145 few pips below daily open price

not shown is fibo level 50% of daily range 6100-6190
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 40 KB
90% of traders use TA, indicators and prediction
  • #281,892
  • Jun 19, 2011 6:24am Jun 19, 2011 6:24am
all emas (60blue 100red 200white) crossed and pointing down.
looks like need a back test @6270-80 also missed daily pivot.

above that another wall near 6340-6360 already known as strong sup/res area...
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 50 KB
90% of traders use TA, indicators and prediction
  • #281,893
  • Jun 19, 2011 6:28am Jun 19, 2011 6:28am
found support 61,8 % fibofan near 6100 which is also strong protective support before the dangerous 60xx area.
if that is a double bottom near 6080, we need price to breake red channel and confirm it as support before have 100%confirmation of the 'double bottom' pattern.

anyway if we go up more from here 6250-6270-6340-6360 will give hard resistance.
gbp will need strong reasons to brake above those levels....
Attached Image (click to enlarge)
Click to Enlarge Name: gusdd1.gif Size: 52 KB
90% of traders use TA, indicators and prediction
  • #281,894
  • Jun 19, 2011 7:04am Jun 19, 2011 7:04am
FF calendar Wed, June 22.

9:30 GBP MPC Meeting Minutes _______ 2-0-7_ 3-0-6

Market expectations/forecast for rates hikes voter decreased.
  • #281,895
  • Jun 19, 2011 7:15am Jun 19, 2011 7:15am
her after i want to trade in GPB/USD.. so that every one ple help me...
Gopinath M. Grow Forex
  • #281,896
  • Jun 19, 2011 7:21am Jun 19, 2011 7:21am
Quoting vinith85
her after i want to trade in GPB/USD.. so that every one ple help me...
trade ya charts bro
Hero calls followed by margin calls...
  • #281,897
  • Jun 19, 2011 7:23am Jun 19, 2011 7:23am
myline for cable is actually pretty easy for next few days ...

i wait until one of the pink zones will be broken and buy/sell the retest.
We got a major supply at 6430-6470 and the major demand right above 1.6 lvl.

daily trend still bearish unles we dont close above ~6520

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 42 KB
Hero calls followed by margin calls...
  • #281,898
  • Jun 19, 2011 7:56am Jun 19, 2011 7:56am
1.6000 is very significant level for cable. Let's see if price can reach the level and provide some kind of price action.
Attached Image (click to enlarge)
Click to Enlarge Name: cable reaction to 1.6000.png Size: 84 KB
  • #281,899
  • Jun 19, 2011 8:12am Jun 19, 2011 8:12am
Quoting fxprocessor
1.6000 is very significant level for cable. Let's see if price can reach the level and provide some kind of price action.
sure ^^

it's a VBRN : p
Hero calls followed by margin calls...
  • #281,900
  • Jun 19, 2011 9:43am Jun 19, 2011 9:43am
Quoting gsantri
FF calendar Wed, June 22.

9:30 GBP MPC Meeting Minutes _______ 2-0-7_ 3-0-6

Market expectations/forecast for rates hikes voter decreased.
hello,
i noticed the same thing.
i don't know reasons, anyway what if data goes out again 3-0-6?
i think the matter is to search something about member's latest speaks...
will try to find out more today/tomorrow
90% of traders use TA, indicators and prediction
278 traders viewing now, 1 is registered: