Cable Update (GBPUSD) | Page 14260 | 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)

  • #285,181
  • Jul 28, 2011 4:41am Jul 28, 2011 4:41am
Quoting josef
Why? Right now it's a strong resistance.
Because i’m shorting it
Bulls still should be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: 222.png Size: 52 KB
  • #285,182
  • Jul 28, 2011 4:45am Jul 28, 2011 4:45am
took a small short probe @6332 earlier, then added two more shorts. if this illusion proves valid then we might have a down channel on h1, hourly close may prove everything wrong but wanted to post asap for others to evaluate, GL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade_065 2011-07-28, 11_36_15.png Size: 18 KB
Click to Enlarge Name: Trade_066 2011-07-28, 11_37_57.png Size: 29 KB
MarginTrader All Time Return: na
  • #285,183
  • Jul 28, 2011 4:56am Jul 28, 2011 4:56am
It appears the bears have the upper hand. Hourly RSI (close) suggests widening open and close (lower closes). Next stop is around 1.627 if 1.63 is broken.
Attached Image (click to enlarge)
Click to Enlarge Name: beartrend.png Size: 33 KB
  • #285,184
  • Jul 28, 2011 5:03am Jul 28, 2011 5:03am
I'm in short to gather some pips ...
  • #285,185
  • Jul 28, 2011 5:07am Jul 28, 2011 5:07am
short for me on h1
http://www.kikkichimoku.com/home/201...ort-su-h1.html
{Promotion Removed}
  • #285,186
  • Jul 28, 2011 5:08am Jul 28, 2011 5:08am
Quoting stulic
Not exactly Sterling-Dollar related fundamentals there.
Cable as of late has been dragged down by Euro-zone concerns. After the lacklustre GDP, figures have been trickling in showing poor performance from business & retail. Even with the US debt ceiling - GBP doesn't really have a sound footing. What will happen if the politicians can come to a solution. Oh boy the weekend will be exciting.
  • #285,187
  • Jul 28, 2011 5:23am Jul 28, 2011 5:23am
this thread is going very good!
all together we are doing a great job!!


thank you to all people that keep posting here every day every hour of the day!
90% of traders use TA, indicators and prediction
  • #285,188
  • Edited 5:39am Jul 28, 2011 5:23am | Edited 5:39am
Just updatinng charts after own trading session ended earlier this London morning.

Price broke out of the 1hr congestion to the upside, pulled back and after a 2nd upside break out from it found supply at the previous minor 1hr swing hi zone (now a prev 1hr swing hi zone ) confluence with the underside of the breeched 4hr ascending trend line...the subsequent fall (helped by the bad Uk data at 1100am London) landing (so far?) at/around the 38.2% of the 6068-6438 move.

Below here:

6284-73 23.6% 5779-6438, 50% 6119-6438, 38.2% 6003-6438, Daily S1 = 6279
6271-60 prev 1hr/4hr sw lo zone
6252-41 prev 4hr/daily swing hi zone, with 6252= 50% 6068-6438, 6241= 61.8% 6119-6438
6228 Daily S2 @/around
6221 50% 6003-6438
6212 Weekly Pivot @/around
6209 61.8% 6068-6438
6195-83 = prev 1hr sw hi x 2 zone with 76.4% 6119-6438 @ 6195, 38.2% 5779-6438 @ 6186
6169 61.8% 6003-6438
6154 76.4% 6068-6438
6148 Monthly Pivot @/around and Daily S3 @/around
6130-19 prev 1hr/4hr sw lo zone
6119-12 prev 1hr sw lo zone
6109-07 50% 5779-6438, 76.4% 6003-6438
6085-68 prev 1hr/4hr sw lo zone with 6085 = Weekly S1 @/around
6062-54 prev minor 1hr sw lo zone
6032-15-03 prev daily/4hr/1hr sw lo zone with 6032 = 61.8% 5779-6438

　
　
　
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 75 KB
ex member
  • #285,189
  • Edited 6:09am Jul 28, 2011 5:25am | Edited 6:09am
Quoting MaryJane
took a small short probe @6332 earlier, then added two more shorts.
probe closed +18 2nd short +62 at minor demand area & eurusd at crucial support.. 3rd left running free just for case we really dive deep, stop @BE, done for today, will NOT consider to go long today.

may the +pips be with you
MarginTrader All Time Return: na
  • #285,190
  • Jul 28, 2011 5:30am Jul 28, 2011 5:30am
closed at 6317 . i am off for dinner.

See you later all.....
Quoting iqyu5an
next move to 627xx ? wanna see first how it reacts around 6317x
not euphoria follower
  • #285,191
  • Jul 28, 2011 5:31am Jul 28, 2011 5:31am
Closed half of position.
  • #285,192
  • Jul 28, 2011 5:32am Jul 28, 2011 5:32am
Just updated 1hr potential supp/res chart with the fibs of the moves down from 6438, 6394 and today's current hi - 6364 all to current daily lo which is at a 1hr ascending t/line as well as @/around that 38.2% fib mentioned above.

Off out to enjoy the London sunshine !

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 82 KB
ex member
  • #285,193
  • Jul 28, 2011 5:40am Jul 28, 2011 5:40am
Sterling made my day once again!

happy pipping everyone
Attached Image
consistency wins
  • #285,194
  • Jul 28, 2011 5:46am Jul 28, 2011 5:46am
Quoting _BBKing_
this thread is going very good!
all together we are doing a great job!!


thank you to all people that keep posting here every day every hour of the day!
YES!
shorts take care, this all could be a shakeout followed by a wtf-moment made by NY, watch the euro. covered 70% of size on cable and eu, don't like the broadening triangles, switching off for today, see you tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade_068 2011-07-28, 12_38_43.png Size: 32 KB
MarginTrader All Time Return: na
  • #285,195
  • Jul 28, 2011 6:42am Jul 28, 2011 6:42am
Pivot: 1.639

Most Likely Scenario: Short positions below 1.639 with targets @ 1.631 & 1.6265 in extension.

Alternative scenario: Above 1.639 look for further upside with 1.6435 & 1.6485 as targets.

Comment: a break below 1.631 would trigger a drop towards 1.6265.

http://www.tradingcentral.com/chart/...1728115226.GIF
  • #285,196
  • Edited 9:31am Jul 28, 2011 7:51am | Edited 9:31am
Pulled up the cable 4h and theres an interesting possibility of maximising the position if the daily closes around 1.624 or thereabouts. Roughly an ideal re-entry would be 1.6225 as that is well below the daily close (recent support) and the next support is a long way off to 1.618. Any chance that the debt ceiling solution will trigger these events? Lets hope so. The train south is still the way for me.

EDIT: Picture reads 1.6225 - actual rate 1.6250
Attached Image (click to enlarge)
Click to Enlarge Name: usddaily.png Size: 87 KB
  • #285,197
  • Jul 28, 2011 8:10am Jul 28, 2011 8:10am
does option expiry got to do with cable moving sideway??
  • #285,198
  • Jul 28, 2011 8:12am Jul 28, 2011 8:12am
Quoting carat
does option expiry got to do with cable moving sideway??
Sideway? I think your screen is sideways.
Don't get mad, get even!
  • #285,199
  • Jul 28, 2011 8:50am Jul 28, 2011 8:50am
http://www.forexfactory.com/[img...5829de39fe.jpghttp://ir.webuda.com/images/d95829de39fe.jpg
  • #285,200
  • Jul 28, 2011 9:13am Jul 28, 2011 9:13am
wanna test DP ?
Quoting iqyu5an
closed at 6317 . i am off for dinner.

See you later all.....
not euphoria follower
496 traders viewing now, 2 are registered:
SublimeSear
,
CPUmice