Cable Update (GBPUSD) | Page 14347 | 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)

  • #286,921
  • Aug 19, 2011 7:59am Aug 19, 2011 7:59am
With this panic + rumors of Fed Mtg (maybe QE3 otw )..God knows what will happen today.. i'll see what come on Monday then..

Good Luck !
  • #286,922
  • Edited 8:11am Aug 19, 2011 8:00am | Edited 8:11am
weekly has done its job..a pullback on weekly to test the previous weekly highs..i will drop the sells..and continue..

but incase she drops a bomb shell..i should be ok

or play the third touch to trendline..depending on the mofo
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 87 KB
  • #286,923
  • Aug 19, 2011 8:22am Aug 19, 2011 8:22am
USDX H4 gave hints of longs on GU/EU ahead of time.

http://img691.imageshack.us/img691/65/usdxh4.png
  • #286,924
  • Aug 19, 2011 8:54am Aug 19, 2011 8:54am
Guess it went the other way and respect the Trendline.

Quoting hamad9
I closed with 30 pips but still very interested to short it again @ 1.6450.

Those who are looking for 1.66 please stop day dreaming lol.

Long on GBP ? you think i am Weed ? you think i am Crazy ?

How can i buy pound with the current problems in UK ? i.e protests, Banks cutting jobs, Drop in Manufacturing, and at the very same time USD is at it lowest levels you think usd will never rise ? how can someone ignore such things. come on wake up buddy!

Pound has not even single reason to go on 1.66xx and the current strength and price levels 1.64/65...
  • #286,925
  • Aug 19, 2011 8:59am Aug 19, 2011 8:59am
Quoting erelation
Guess it went the other way and respect the Trendline.
Oh man, just watching USDX H4 it gave plenty of warning is advance, aslo the triangle break and H3 bullish hook reversal ahead in advance - was pretty clear that the direction was set for the day! If that's not TA, than I'm not sure what is really.
  • #286,926
  • Aug 19, 2011 9:15am Aug 19, 2011 9:15am
Quoting erelation
Guess it went the other way and respect the Trendline.
yup was telling that nut..that whole week
and ended up doing it myself..blooody market

this movement up is dollar weakness..
monthly is playing up without meh..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 98 KB
  • #286,927
  • Aug 19, 2011 9:19am Aug 19, 2011 9:19am
Quoting nAVIN2007
yup was telling that nut..that whole week
and ended up doing it myself..blooody market

this movement up is dollar weakness..
monthly is playing up without meh..
Oh wow, I figure 6740 is the next stop after GU takes a short breather upon testing 6660. damn what a run this week. Actually, if you take that triangle base, it's 250 pips, at point where it broke out price was 6500 approx, so that kinda derives upside target of 6750 or so. Let's see if that happens soon.
  • #286,928
  • Aug 19, 2011 9:25am Aug 19, 2011 9:25am
Quoting ruffryders
Oh wow, I figure 6740 is the next stop after GU takes a short breather upon testing 6660. damn what a run this week.

im not so sure to be honest..
usdlfx is making it way to the base..GU is holding low quite well..that monthly trendline is protected otherwise we would have hit the roof by now..1.72 is on but 1.6760..will be very tough of it get there

i suspect usd to gain very soon..
cable probably tank very hard..i say this because its at an extreme, either it break it north or it will break south

i realise this sound like a contradiction..as u know u have to play it the way u see it..

like that nut said..usd is very low
  • #286,929
  • Aug 19, 2011 9:39am Aug 19, 2011 9:39am
Pretty hard to predict. Upside really means a big sell off in the dollar. Tempted to short at 1.6610 - but probably safe to call it a week.
  • #286,930
  • Aug 19, 2011 9:42am Aug 19, 2011 9:42am
Quoting nAVIN2007
i like the way u positive and about yur analysis and negative about the rest

thats the way to be

and im not being funny
Thanks a lot, I am still a beginner and starting my adventure with forex. Spending lots of time learnig, also from this forum.

Anyway to the subject, again we are up over the major resistance line, and this time the break is kinda strong (very week USD). I will looke close at it, and if this level will stay as this untill the closure, going long before NY closing (also bullish RSI). Target @ 1,67480 (mayby add if it will strongly pass it), SL @ 1,65400.
Attached Image (click to enlarge)
Click to Enlarge Name: GB.jpg Size: 168 KB
  • #286,931
  • Aug 19, 2011 9:46am Aug 19, 2011 9:46am
Quoting MaryJane
.. leaving the 6422 entry running free....looking to exit around 6630..
chickened out at 6610, reason: friday nevertheless: a 6:1R trade

every ccy beats the usd.. risky aussie UP, troubled € UP, yen printed fresh alltime high against the $, swissy on its good old path again....

time to buy some us dollars?!

http://i51.tinypic.com/5b6w6h.jpg

@ nAV: i suppose we'll get a pretty bounce off a strong supply zone (April high) here.. 6636-6670 should do it.

cheers and have a great weekend everybody i'm going off.
MarginTrader All Time Return: na
  • #286,932
  • Aug 19, 2011 10:01am Aug 19, 2011 10:01am
Quoting Haqu
Thanks a lot, I am still a beginner and starting my adventure with forex. Spending lots of time learnig, also from this forum.

Anyway to the subject, again we are up over the major resistance line, and this time the break is kinda strong (very week USD). I will looke close at it, and if this level will stay as this untill the closure, going long before NY closing (also bullish RSI). Target @ 1,67480 (mayby add if it will strongly pass it), SL @ 1,65400.

if u look at dailly..we have traveled from 1.61 to 1.66..
this could be a swing point..theres no signal thou..that dailly trendline has been incredible to hold price up..nothing is sure

that need to break to give anything as a sell

because i caught the bottom of the swing with a buy..im trying this, otherwise not in a month of sunday would i do this..

i playing a retrace or will look for something soild to sell..momentum is very strong..i had a feeling usd may fall today but thought gbp strength would be great..it hasnt been

infact since last night it hasnt managed to break the high yesterday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable1.gif Size: 53 KB
Click to Enlarge Name: chart3.gif Size: 60 KB
Click to Enlarge Name: cable.jpg Size: 99 KB
  • #286,933
  • Aug 19, 2011 10:11am Aug 19, 2011 10:11am
Yeah, that also can be the scenario, that's is why i'am waiting for the day end, still 6 hours more, and a lot can happen, almost like every day now . That's is why i am also open for going short (GU just lost 60 pips in few minutes). The market will show, how it want to end this day

Nothing sure, just have to wait Congrats on cathing bottom btw, nice trade!
  • #286,934
  • Aug 19, 2011 10:21am Aug 19, 2011 10:21am
Quoting Haqu
Yeah, that also can be the scenario, that's is why i'am waiting for the day end, still 6 hours more, and a lot can happen, almost like every day now . That's is why i am also open for going short (GU just lost 60 pips in few minutes). The market will show, how it want to end this day

Nothing sure, just have to wait Congrats on cathing bottom btw, nice trade!

thanks brother!!
all about USD strength..it picked up last 30 minutes and look cable sank very quick..that breakout is being protected for gbp strength to increase..

im actaully playing both scenero's at same time
hope market is good to meh

i personally think this may be the top
  • #286,935
  • Aug 19, 2011 11:00am Aug 19, 2011 11:00am
hats happened to u lot..u all in shock or what?
  • #286,936
  • Aug 19, 2011 11:05am Aug 19, 2011 11:05am
Quoting nAVIN2007
hats happened to u lot..u all in shock or what?
me just came in from the beach....
90% of traders use TA, indicators and prediction
  • #286,937
  • Aug 19, 2011 11:08am Aug 19, 2011 11:08am
im interested in 6525 - 6508 range for a buy.

also here 6536 i have bull div in m1.. too early. 6525 better imho.

if not i will short higher
90% of traders use TA, indicators and prediction
  • #286,938
  • Aug 19, 2011 11:14am Aug 19, 2011 11:14am
Quoting _BBKing_
im interested in 6525 - 6508 range for a buy.

also here 6536 i have bull div in m1.. too early. 6525 better imho.

if not i will short higher

i dont think it is a good idea to buy..it must be a swing point..1.64 - 1.63 need to look out for that trendline will break soon..

by monday new candle will be on otherside most likely..triggering sell
  • #286,939
  • Aug 19, 2011 11:21am Aug 19, 2011 11:21am
Quoting Haqu
The horrible truth is, that in times like those, both fundamental, and technical analysis don't work so well, becouse only due to high amount of emontions, mostly negative, markets are moving without a pottern. All major pairs are in horrizontal movement, as you can see. It is realy hard to predict anything, couse another bad news can destroy even the best analysis. And there is nothing more frustating, then a good analysis that you have done, which isn't working.

Ofcourse people can try scalping, but it is also a bit of a gabling, as prices can...
Nice...

Id give it a 5 star
Attached Image (click to enlarge)
Click to Enlarge Name: 5star.jpg Size: 49 KB
  • #286,940
  • Aug 19, 2011 11:24am Aug 19, 2011 11:24am
i will look if a bounce is possible here
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 34 KB
90% of traders use TA, indicators and prediction
199 traders viewing now, 3 are registered:
M.juriyasi
,
FX.Knight
,
ricmaj