Cable Update (GBPUSD) | Page 14433 | 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)

  • #288,641
  • Sep 14, 2011 2:47pm Sep 14, 2011 2:47pm
Quoting FXMindset
well,come on..I know you are good guy and keep teach people at here,am just think you may not in good mood because position in big negative floating maybe am not in a good position to give you an advise bro,but this advise surely would makes you good

"If you cut your loss now am believe with you ability,you can make it back it all again"

ps : Dont Blame me yo if tomorrow going north 500 pips when you cut your loss

traders need to believe in there ability..theres an important thing here..go with what the charts say..when i get out of this..dont come tell me ..it was a fluke..i dont want to hear it..

just pray for meh

ps;- does emotional high pressure singing help
  • #288,642
  • Sep 14, 2011 3:01pm Sep 14, 2011 3:01pm
Quoting nAVIN2007
traders need to believe in there ability..theres an important thing here..go with what the charts say..when i get out of this..dont come tell me ..it was a fluke..i dont want to hear it..

just pray for meh

ps;- does emotional high pressure singing help
what do the charts say?
  • #288,643
  • Sep 14, 2011 3:18pm Sep 14, 2011 3:18pm
Quoting ovaforty
what do the charts say?

longer term going up!..but i can be wrong like any1
I was hoping for a bullish day tomorrow but now im not so sure dailly is just abt bearish
  • #288,644
  • Sep 14, 2011 4:25pm Sep 14, 2011 4:25pm
Quoting nAVIN2007
u gonna give me headache i can tell
if price goes under yur trendline u can say bearish otherwise it is not..infact we are in a range
Nav... sorry to ask such a pertinent question, but if we are in a range, why did you buy at the top or did you think we were going to break the range north a couple of weeks back?

Anyway, here is something that you might not like, but I know ovaforty will

Attached Image (click to enlarge)
Click to Enlarge Name: GU_MAs_crossing.png Size: 36 KB


P.S. We practically went to 1.42 when they last crossed (89ema over the 200sma) crossed and they don't cross often. I still think we are overdue a retracement, but I favour a bit lower from here... maybe only a couple of hundred pips. Who knows... let's see what happens!
  • #288,645
  • Sep 14, 2011 9:30pm Sep 14, 2011 9:30pm
4H chart with weekly fibo say..

we hit already the TP for short and best moment to look for buy ...

At least we should stay above 5780 first for bull confirmation

just 2 cent
Quoting ovaforty
what do the charts say?
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 14 KB
not euphoria follower
  • #288,646
  • Sep 14, 2011 9:39pm Sep 14, 2011 9:39pm
unless we see a 4 hour candle close above the green 22 sma, this chart is bearish downtrend. Long term
Attached Image (click to enlarge)
Click to Enlarge Name: cable 4 hour.gif Size: 22 KB
  • #288,647
  • Sep 14, 2011 9:44pm Sep 14, 2011 9:44pm
Quoting nAVIN2007
longer term going up!..but i can be wrong like any1
I was hoping for a bullish day tomorrow but now im not so sure dailly is just abt bearish
Most of the time it happens when it doesn't look like it will happen. I still hoping that it should re-test the trendline at 1.592x at least before diving down once more (like a bear trap) and then continuing up.
  • #288,648
  • Edited 10:04pm Sep 14, 2011 9:45pm | Edited 10:04pm
another :
High 2011 - Low 2010 fibo : major trend fibo

we're in 60-61.8 fibo of this fibo. we need to stay above 61.8 ( 5774) for bull confirmation

just 2 cent

***
aniway both bull and bear give profit... no matter it is ( imho )
my imho .. 4H candle will be different from one to another enemy ( broker )

Quoting ovaforty
unless we see a 4 hour candle close above the green 22 sma, this chart is bearish downtrend. Long term
not euphoria follower
  • #288,649
  • Sep 14, 2011 10:21pm Sep 14, 2011 10:21pm
The hourly chart is testing the cluster resistance of the white 5 sma high and the green 22 sma. An hourly candle close above this resistance would target the brown 55 sma @ 1.5790.
The aqua colored 100 sma is sitting at 1.5833 area.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 23 KB
  • #288,650
  • Sep 14, 2011 10:34pm Sep 14, 2011 10:34pm
M15
looking for 5787 and potential back to 5767 ( from 5787 )
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 16 KB
not euphoria follower
  • #288,651
  • Sep 14, 2011 10:34pm Sep 14, 2011 10:34pm
we have a break out to the downside on the weekly chart. There are 2 days remaining before it closes. The price is sitting on the 38 fib. All break outs re-test, so you can expect a re-test of that aqua colored 100 sma (1.5825 or so) in the future.
I monitor 12 pairs at the same time and all of them are still showing Risk Aversion at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.gif Size: 28 KB
  • #288,652
  • Sep 14, 2011 10:39pm Sep 14, 2011 10:39pm
http://www.forexfactory.com/showthre...95#post4956095

I said 2 hours earlier that there might be a fairly good chance GBP is about to break out, and there are indeed some good bidding on GBP/CAD and GBP/AUD over the last few moment. I am expecting the sentiment to pass on to GBP/USD fairly quickly, and if it's beyond 1.5840, calling the most recent lows a short term support woudn't be a bad call.
  • #288,653
  • Sep 14, 2011 10:39pm Sep 14, 2011 10:39pm
the 30 min chart shows a break of the cluster resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 30 min.gif Size: 28 KB
  • #288,654
  • Sep 14, 2011 10:41pm Sep 14, 2011 10:41pm
Quoting sophos
http://www.forexfactory.com/showthre...95#post4956095

I said 2 hours earlier that there might be a fairly good chance GBP is about to break out, and there are indeed some good bidding on GBP/CAD and GBP/AUD over the last few moment. I am expecting the sentiment to pass on to GBP/USD fairly quickly, and if it's beyond 1.5840, calling the most recent lows a short term support woudn't be a bad call.
I see it also. The aud and the cad are getting sold.
  • #288,655
  • Sep 14, 2011 10:49pm Sep 14, 2011 10:49pm
the gbp/aud is testing the 38 fib and will likely re-test that red 200 sma on this daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud daily.gif Size: 25 KB
  • #288,656
  • Sep 14, 2011 10:51pm Sep 14, 2011 10:51pm
Quoting ovaforty
I see it also. The aud and the cad are getting sold.

Indeed. Though there are some conflicting sentiments on the market as risk appetite has been picking up since last night on various positive news, but against GBP, AUD and CAD are still being sold. This suggest to me that GBP is actually on the stronger side of return, mind you that market is yet to react rationally to yesterday's GBP good data.

Will keep watching
  • #288,657
  • Sep 14, 2011 10:54pm Sep 14, 2011 10:54pm
gbp is not showing strength against the yen yet.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 22 KB
  • #288,658
  • Sep 14, 2011 11:04pm Sep 14, 2011 11:04pm
gbp is not showing a lot of strength against the chf either. (intervention aside).
3 crow formation is evidenced by the previous 3 red candles
Attached Image (click to enlarge)
Click to Enlarge Name: gbp chf.gif Size: 23 KB
  • #288,659
  • Sep 14, 2011 11:07pm Sep 14, 2011 11:07pm
Quoting ovaforty
gbp is not showing strength against the yen yet.
At the moment I doubt any currency is capable of reversing their course of trading against JPY in the short term. The light is out for CHF, so JPY remains the only safe haven that can absorb much more inflow because of the size of its economy. I am not a chartist but just by looking at your chart, it seems GBP/JPY has been depressed for too long
  • #288,660
  • Sep 14, 2011 11:11pm Sep 14, 2011 11:11pm
Quoting sophos
At the moment I doubt any currency is capable of reversing their course of trading against JPY in the short term. The light is out for CHF, so JPY remains the only safe haven that can absorb much more inflow because of the size of its economy. I am not a chartist but just by looking at your chart, it seems GBP/JPY has been depressed for too long
chf safe haven has been removed. threat of jpy intervention hangs over the heads of traders. Safe haven is gold and the u.s treasury bonds this week so far, causing foreign money to buy usd in order to buy bonds or stocks.
1,757 traders viewing now, 1 is registered:
Waveskierrob