Cable Update (GBPUSD) | Page 14582 | 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)

  • #291,621
  • Nov 1, 2011 5:58am Nov 1, 2011 5:58am
Quoting bbmac
wouldn't be surprised to see bids emerge lower in the zone if tested...5900/5890 likely area say mni ?

G/L
I'm looking a bit lower under this area. MPP is at the 5850 area and the next solid support zone under 5900. As long as the Euro keeps dropping, it's on the table.

I'm shorting EU (thank you Greece!), no trades on GU today, but here's a current chart.

(wish I got in on my exit yesterday, that would have been sweet, very happy I closed the long at 6150)

Quoting Fudomyo
she's on fire. bailed on R1 for now.
Attached Image (click to enlarge)
Click to Enlarge Name: gueud.jpg Size: 170 KB
  • #291,622
  • Nov 1, 2011 5:59am Nov 1, 2011 5:59am
Quoting clientfx
im short tp 10 pips

tp hits
  • #291,623
  • Nov 1, 2011 6:00am Nov 1, 2011 6:00am
Quoting Fudomyo
I'm looking a bit lower under this area. MPP is at the 5850 area and the next solid support zone under 5900. As long as the Euro keeps dropping, it's on the table.

I'm shorting EU, no trades on GU today, but here's a current chart. Wish I got in on my exit yesterday, that would have been sweet.

glad I closed my long at 6150 .
and im very very sad to have closed my short near 6100 for some pips (30)
90% of traders use TA, indicators and prediction
  • #291,624
  • Nov 1, 2011 6:01am Nov 1, 2011 6:01am
Price remains below weekly and daily pivots and S1's but above monthly pivot. testing deeper in this previous 4hr/daily swing lo zone to 5889 now...1hr part of it kicks in at 5900-5889.

4hr candle has closed below the ascending trend line/channel on that t/f - and a bearish thrust one at that.

Final look at current near-term 1hr screenshot:

and outa here,

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 71 KB
ex member
  • #291,625
  • Nov 1, 2011 6:09am Nov 1, 2011 6:09am
Quoting _BBKing_
and im very very sad to have closed my short near 6100 for some pips (30)
as long as it's not a loss it goes in the win column. I was afk when BOJ intervened. usually not much happens on a Monday morning... except the one Monday morning in months I decide to go out and play. I was checking prices on my phone and kept saying, "that can't be right." rofl

it's like that.
  • #291,626
  • Nov 1, 2011 6:11am Nov 1, 2011 6:11am
Quoting Fudomyo
as long as it's not a loss it goes in the win column. I was afk when BOJ intervened. usually not much happens on a Monday morning... except the one Monday morning in months I decide to go out and play.

it's like that.
sure!
90% of traders use TA, indicators and prediction
  • #291,627
  • Nov 1, 2011 6:11am Nov 1, 2011 6:11am
Quoting _BBKing_
im in same train.
personally will think what to do about if i see 5950
just a scalp for the moment



added lower, moved earlier upper entries to entry



will hold lower buys
  • #291,628
  • Nov 1, 2011 6:16am Nov 1, 2011 6:16am
Cable is sitting on daily brown 55 sma and blue 14 sma support, around the 1.5900 area. A break here will target the the green 38 fib @ 1.5783.
Purple colored 400 sma is sitting around 1.5800.
Green 22 sma is sitting around 1.5775 or so.
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily.gif Size: 40 KB
  • #291,629
  • Nov 1, 2011 6:19am Nov 1, 2011 6:19am
Quoting redsword11
added lower, moved earlier upper entries to entry



will hold lower buys
i got stopped out had very tight stop there...
personally i dont like to get a position against such a move!
and then here is demand area but price still not bouncing.

i prefere wait a bit for some confirmation
m30 macd will be my interested one: if i see it crossing up possible to see price recovering
90% of traders use TA, indicators and prediction
  • #291,630
  • Nov 1, 2011 6:24am Nov 1, 2011 6:24am
Weekly is showing a 5 sma retrace.
Yellow 5 sma close is sitting around 1.5873
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.gif Size: 46 KB
  • #291,631
  • Nov 1, 2011 6:30am Nov 1, 2011 6:30am
Quoting _BBKing_
i got stopped out had very tight stop there...
personally i dont like to get a position against such a move!
and then here is demand area but price still not bouncing.

i prefere wait a bit for some confirmation
m30 macd will be my interested one: if i see it crossing up possible to see price recovering


yes, l would normally prefer better PA

other considerations, dx @ hourly dtl and supply level, s&p @ hourly demand too although cable tends to just do what it pleases


Attached Image (click to enlarge)
Click to Enlarge Name: dx1.gif Size: 14 KB
  • #291,632
  • Nov 1, 2011 6:33am Nov 1, 2011 6:33am
Quoting _BBKing_
i got stopped out had very tight stop there...
personally i dont like to get a position against such a move!
and then here is demand area but price still not bouncing.

i prefere wait a bit for some confirmation
m30 macd will be my interested one: if i see it crossing up possible to see price recovering
well said
  • #291,633
  • Nov 1, 2011 6:46am Nov 1, 2011 6:46am
..and..final entry...5914..long
See you on the other side
Trader from Croatia
  • #291,634
  • Nov 1, 2011 6:55am Nov 1, 2011 6:55am
Quoting bbmac
Price remains below weekly and daily pivots
Hey B , thanks for sharing your thoughts in the word doc. I'm going through it , very interesting , cheers
  • #291,635
  • Nov 1, 2011 6:56am Nov 1, 2011 6:56am
Quoting Geene;
..and..final entry...5914..long
See you on the other side
still down
  • #291,636
  • Nov 1, 2011 7:08am Nov 1, 2011 7:08am
Quoting _BBKing_
do you think fed will increase rates?
The Fed has been very dovish, so any glimmer of QE3 will weaken the USD and we should bounce. With the DX near resistance, and the majors near critical support, it wouldn't surprise me.

we're in oversold territory, but with the Greece situation and the Aussie rate decision, I'd wait for confirmation as well. this is definitely a fundamental day.

the markets are not pleased with the prospect of a Greek hard default back on the table. NY open should be interesting.

we got the touch of key support on EU GU, so I cleared my positions and waiting now. but if NY is bearish, and the hard floor goes at EU 3600 GU 5850, we could see a route (potentially after PB to 5970 area).
  • #291,637
  • Nov 1, 2011 7:24am Nov 1, 2011 7:24am
Quoting Fudomyo
The Fed has been very dovish, so any glimmer of QE3 will weaken the USD and we should bounce. With the DX near resistance, and the majors near critical support, it wouldn't surprise me.

we're in oversold territory, but with the Greece situation and the Aussie rate decision, I'd wait for confirmation as well. this is definitely a fundamental day.

the markets are not pleased with the prospect of a Greek hard default back on the table. NY open should be interesting.

we got the touch of key support on EU GU, so I cleared my positions and waiting...
well said
  • #291,638
  • Edited 7:36am Nov 1, 2011 7:27am | Edited 7:36am
Quoting Fudomyo
The Fed has been very dovish, so any glimmer of QE3 will weaken the USD and we should bounce. With the DX near resistance, and the majors near critical support, it wouldn't surprise me.

we're in oversold territory, but with the Greece situation and the Aussie rate decision, I'd wait for confirmation as well. this is definitely a fundamental day.

the markets are not pleased with the prospect of a Greek hard default back on the table. NY open should be interesting.

we got the touch of key support on EU GU, so I cleared my positions...
according to http://www.forex4noobs.com/forex-pulse/forex-clock/ market is open, or do you mean DOW, S&P, Nasdaq stockmarkets?
Attached Image (click to enlarge)
Click to Enlarge Name: NY_OPEN.PNG Size: 106 KB
OPPORTUNITY IS NOWHERE
  • #291,639
  • Nov 1, 2011 7:33am Nov 1, 2011 7:33am
Quoting Callisto
according to http://www.forex4noobs.com/forex-pulse/forex-clock/ market is open, or do you mean DOW, S&P, Nasdaq stockmarkets?
NYSE open. The reaction in the equities market typically moves the USD and gives direction for NY session more than the Forex open.
  • #291,640
  • Nov 1, 2011 7:48am Nov 1, 2011 7:48am
the 5930 area is in bears hands.
im targeting 5865.
90% of traders use TA, indicators and prediction
1,409 traders viewing now