Cable Update (GBPUSD) | Page 14235 | 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)

  • #284,681
  • Jul 20, 2011 10:24am Jul 20, 2011 10:24am
Quoting _BBKing_
reloaded higher 6127
lucky shot of 30 pips.
i leave this dump moves, i need to cut my garden's grass.

looks like the breake will happen during asia.
i will check later charts n maybe will be here during asia

good luck n trade well
90% of traders use TA, indicators and prediction
  • #284,682
  • Jul 20, 2011 10:31am Jul 20, 2011 10:31am
Quoting fontu
Sure BB king ,finding a trend in gu is real difficult or if any trend actually .
monthly irregular correction of some old unseen & unknow , no trend.weekly a big beat set up sitting for long time and as more correction was in ................................
fontu
hello
yes im a bit disappointed by these moves.
last 2-3 weeks is all up n down i feel drunk watching all this picture.

anyway it is going to absorbe supply near 6150-6170 to breake up.
2 days left.
if it is going to do it, it will show soon.
actually another touch near 6064 looks hard thing to do.
but... who knows?
below my daily study
Attached Image (click to enlarge)
Click to Enlarge Name: gusdd1.gif Size: 46 KB
90% of traders use TA, indicators and prediction
  • #284,683
  • Edited 10:54am Jul 20, 2011 10:43am | Edited 10:54am
Quoting _BBKing_
hello
yes im a bit disappointed by these moves.
last 2-3 weeks is all up n down i feel drunk watching all this picture.

anyway it is going to absorbe supply near 6150-6170 to breake up.
2 days left.
if it is going to do it, it will show soon.
actually another touch near 6064 looks hard thing to do.
but... who knows?
below my daily study
yeah , but usdx keep falling this small movement can take place today rather next day. 6158 reached & some 12pips not matter if no breaks & eu similarly 4239 reached & some pips to 4255 or 70 ok . just waiting .certainly this is a horrible pair to trade logically .
http://www.forexfactory.com/showthre...70#post4795870

so another usdx chart in H1 tf even it trying bounce again over 200ma in h4 again.

thanks ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,684
  • Jul 20, 2011 10:49am Jul 20, 2011 10:49am
Quoting fontu
yeah , but usdx keep falling this small movement can take place today rather next day. just waiting .certainly this is a horrible pair to trade logically .
http://www.forexfactory.com/showthre...70#post4795870

thanks ,
fontu
in fxpro i have not usdx chart, i miss it a lot!
will check if my old account is still alive...
anyway that TL in usdx looks like will hold for a while at least for a nice pullback.
i agree on "horrible pair to trade logically"
best trades i get on GU are completely out of logic!
it goes in logic only near very extreme levels...
90% of traders use TA, indicators and prediction
  • #284,685
  • Jul 20, 2011 10:52am Jul 20, 2011 10:52am
Quoting fontu
Sure BB king ,finding a trend in gu is real difficult or if any trend actually .
monthly irregular correction of some old unseen & unknow , no trend.weekly a big beat set up sitting for long time and as more correction was in expectation so just expectation remains a bull trend in the bear & so break top for the sake of prediction only , nothing concrete , easily can bear contiue from level it already reached.
daily also the same as weekly & monthly . so no conclusion possible in gu.

Now just just expecting a breakout upside if can reach 1.6717...

So u think GU might continue in uptrend right.
Keep the Lights on then you can catch the rise from the dark.
  • #284,686
  • Jul 20, 2011 11:10am Jul 20, 2011 11:10am
Quoting ricmaj
So u think GU might continue in uptrend right.
That is totally uncertain , but possible & very big followed by very big down & no comment about the mofu , may have heard from gator already. but in this pair it should be followed step by step as total movement not any clear. sorry for bad chart , as it is .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 17 KB
Click to Enlarge Name: eu1.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,687
  • Jul 20, 2011 12:26pm Jul 20, 2011 12:26pm
is it possible to go down again at this week close ?
i know we eventually will be together
  • #284,688
  • Edited 12:50pm Jul 20, 2011 12:32pm | Edited 12:50pm
Quoting smart boy
is it possible to go down again at this week close ?
Hope so after testing 6174 if possible then 6089 not unlikely before retest utl .
fontu

http://www.forexfactory.com/showthre...19#post4796219
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,689
  • Jul 20, 2011 1:35pm Jul 20, 2011 1:35pm
last 4 hours price still above 6135 n near 6160 with no major pullback from it.
i dont pick short.

i wait a bit to see where price will find more supply.
6175-80 last then is 6200 n 6220

6210 is 38% fibo main move on daily.
i expect a good pullback if reach there.

lets see
90% of traders use TA, indicators and prediction
  • #284,690
  • Jul 20, 2011 1:51pm Jul 20, 2011 1:51pm
I'm out with +33 pips!!!
actually it didn't worth to waste so much time for this lazy bull!!!
be back tomorrow , wish you pips
  • #284,691
  • Jul 20, 2011 2:00pm Jul 20, 2011 2:00pm
Quoting _BBKing_
last 4 hours price still above 6135 n near 6160 with no major pullback from it.
i dont pick short.

i wait a bit to see where price will find more supply.
6175-80 last then is 6200 n 6220

6210 is 38% fibo main move on daily.
i expect a good pullback if reach there.

lets see
Possible , simply break the heart & then pullback from 6193 as usdx still to move down .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 12 KB
Click to Enlarge Name: eu3.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,692
  • Jul 20, 2011 2:00pm Jul 20, 2011 2:00pm
Quoting _BBKing_
6210 is 38% fibo main move on daily.
i expect a good pullback if reach there.

lets see
Yep. 6210 is an important level .. If weekly closes above 38.2 , we can expect the uptrend to resume next week . An interesting fact to be considered is.. Since Sept 2010, almost all "Last-Week" candles were bullish for GU ..

http://i53.tinypic.com/2q8rs7s.jpg
  • #284,693
  • Jul 20, 2011 2:18pm Jul 20, 2011 2:18pm
Quoting santhosh44
Yep. 6210 is an important level .. If weekly closes above 38.2 , we can expect the uptrend to resume next week . An interesting fact to be considered is.. Since Sept 2010, almost all "Last-Week" candles were bullish for GU ..
nice those empty candles
90% of traders use TA, indicators and prediction
  • #284,694
  • Jul 20, 2011 2:38pm Jul 20, 2011 2:38pm
taking too much time , so will close soon & go but no short or if pending.

http://www.forexfactory.com/showthre...08#post4796408
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,695
  • Jul 20, 2011 2:52pm Jul 20, 2011 2:52pm
I will give a try shorting it @ 6160
stop 15 pips...

even with bull strenght this area is holding for days...

lets see
I'm indeed a talking panda. How are you?
  • #284,696
  • Jul 20, 2011 2:53pm Jul 20, 2011 2:53pm
im waiting that white ema60 in m5 chart
Attached Image
90% of traders use TA, indicators and prediction
  • #284,697
  • Jul 20, 2011 3:05pm Jul 20, 2011 3:05pm
Today´s Retail Sales number from UK will be widely watched as this is a high impact . in 3 hours time. So if price spikes my stops will trigger. currently @1.6158.
  • #284,698
  • Jul 20, 2011 3:11pm Jul 20, 2011 3:11pm
GBP is bearish due to its fundamental outlook. If we get a strong release, I’d be looking for areas to SELL into the rally.
  • #284,699
  • Jul 20, 2011 3:22pm Jul 20, 2011 3:22pm
Quoting amarzafar9
Today´s Retail Sales number from UK will be widely watched as this is a high impact . in 3 hours time. So if price spikes my stops will trigger. currently @1.6158.

retail sales is within 12 hours....
anyway will be highly watched and will highly impact market as its the only good data of whole week in GBP
90% of traders use TA, indicators and prediction
  • #284,700
  • Jul 20, 2011 3:28pm Jul 20, 2011 3:28pm
Quoting _BBKing_
retail sales is within 12 hours....
anyway will be highly watched and will highly impact market as its the only good data of whole week in GBP
Thank you, my mistake ( it is UK Nationwide Consumer Confidence @23:00 GMT).
346 traders viewing now, 2 are registered:
bblizardd
,