Cable Update (GBPUSD) | Page 14825 | 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)

  • #296,481
  • Edited 11:33am Jan 3, 2012 11:21am | Edited 11:33am
Quoting bbmac
current near-term 4hr chart below, Daily also shows the trend line source being challenged at today's current hi.

G/L
ok , waiting this area for any chance but as as it can still do more turmoils , even break top 5691 to towards 5781 levels & so waiting good signal breaking the limits at lows for the immediate bull to breach first.
small mofu top playing what feared, now limit bull goes to 5646 .

usdx got no support yet or uj, sky falling slow down but intact .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd5.gif Size: 12 KB
Click to Enlarge Name: usd6.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,482
  • Jan 3, 2012 11:50am Jan 3, 2012 11:50am
Currently short @ 1.56555, SL is at break even, currently around 6+ pips, cheeky one. TP is at 1.5605 however may move to 5621.

Fall baby. Plenty of sellers at this area.
  • #296,483
  • Edited 12:25pm Jan 3, 2012 11:55am | Edited 12:25pm
Quoting GDR3k
Currently short @ 1.56555, SL is at break even, currently around 6+ pips, cheeky one. TP is at 1.5605 however may move to 5621.

Fall baby. Plenty of sellers at this area.
taken me too but watch list 4637 & 23 limits for more if to tp lows 5567 or evn low.
fontu
present situation ok but still it to work more , breaks 5637/4 ( h1 & lower tf support ) & 23 first .
Attached Image (click to enlarge)
Click to Enlarge Name: usd6.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,484
  • Jan 3, 2012 12:10pm Jan 3, 2012 12:10pm
Quoting GDR3k
Currently short @ 1.56555, SL is at break even, currently around 6+ pips, cheeky one. TP is at 1.5605 however may move to 5621.

Fall baby. Plenty of sellers at this area.
I know there was a big drop from here just after Xmas and I expect price to react to it, but this zone was created during low liquidity, so are there really plenty of sellers here?
  • #296,485
  • Jan 3, 2012 12:16pm Jan 3, 2012 12:16pm
Yes, from the end of november 2011 onwards through december, theres plenty of buyers using it as support also when the price breaks through.
  • #296,486
  • Jan 3, 2012 12:22pm Jan 3, 2012 12:22pm
Quoting GDR3k
Yes, from the end of november 2011 onwards through december, theres plenty of buyers using it as support also when the price breaks through.

1.65 is on if monthly bullish candle is correct, piercing formation

edit:- aint happening soon if on (2 months at least)
  • #296,487
  • Edited 1:08pm Jan 3, 2012 12:56pm | Edited 1:08pm
usdx continue crushing , lets see it get support now .
fontu

break 55 up or 1 more leg down before , ok , waiting .broken 1st 55! next 60 to confirm !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd6.gif Size: 11 KB
Click to Enlarge Name: usd5.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,488
  • Jan 3, 2012 1:07pm Jan 3, 2012 1:07pm
Quoting PoundTrader
i just told you, you never take a break from trading? what better time to take a break and spend time with your love ones, that doesnt mean i don't take a peak at the market.
I get the feeling your "loved ones" must all be in here brother
Come with me if you want to live....
  • #296,489
  • Jan 3, 2012 1:10pm Jan 3, 2012 1:10pm
Quoting Fudomyo
here's one last chart, then back to my holiday until next week.

it's so easy to get sucked back in... lol


good luck with your trades!
My wife says I have been sucked into the "Forex Vortex"
Come with me if you want to live....
  • #296,490
  • Jan 3, 2012 1:16pm Jan 3, 2012 1:16pm
Quoting fontu
usdx continue crushing , lets see it get support now .
fontu

break 55 up or 1 more leg down before , ok , waiting .broken 1st 55! next 60 to confirm !
What does this mean for GBP/USD??
  • #296,491
  • Jan 3, 2012 1:20pm Jan 3, 2012 1:20pm
Quoting Ill-b-back
My wife says I have been sucked into the "Forex Vortex"

agree
trading is a very interesting thing..if u learn from it..it can make u a much stronger person, where your loved one can benefit also..and i not talking abt the corn (money)
  • #296,492
  • Jan 3, 2012 1:23pm Jan 3, 2012 1:23pm
Quoting GB_Trader
What does this mean for GBP/USD??
means possible more up.
at least not so much down if goes down
90% of traders use TA, indicators and prediction
  • #296,493
  • Edited 1:58pm Jan 3, 2012 1:29pm | Edited 1:58pm
Quoting GB_Trader
What does this mean for GBP/USD??
Referring to usdx M1 chart for possible support it is about to get , breaking up limits for bear there means going up , reverse for now at least & if so gu down . anyway playing nicely for it so far & can hope got the support but who knows extension /channels or any pattern still remain as chance , so breaks last limit 79.65 can leave it , as gu short there waiting break 5636 & next 23 for leaving trade be for over 5567 next /day tp .and go sleep for now .
fontu

update 79.64 hit & 1 more pips to break , next ranging ok in breaking 79.67 & 83 but wavewise ready to cope them . gu not breaking yet 56.36 yet ok keep with sl at top if all ok with usdx .still waiting , very sleepy!
Attached Image (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,494
  • Jan 3, 2012 1:31pm Jan 3, 2012 1:31pm
phew not a good start for me -40pip
better wait for another chance tomorrow
  • #296,495
  • Jan 3, 2012 2:04pm Jan 3, 2012 2:04pm
Quoting zarach
phew not a good start for me -40pip
better wait for another chance tomorrow
Zarach. To have lost 40 pips on this pair you must have played a short. May I ask? What time did you set the trade?

Regards..
Gone to a better place
  • #296,496
  • Jan 3, 2012 2:06pm Jan 3, 2012 2:06pm
Quoting nAVIN2007
agree
trading is a very interesting thing..if u learn from it..it can make u a much stronger person, where your loved one can benefit also..and i not talking abt the corn (money)
I hear you nAV. Good advice closed out long 5648.
Come with me if you want to live....
  • #296,497
  • Jan 3, 2012 2:08pm Jan 3, 2012 2:08pm
i expect a nice ride back down to 1.5550 or lower tommorow.
  • #296,498
  • Jan 3, 2012 2:09pm Jan 3, 2012 2:09pm
Quoting PoundTrader
i expect a nice ride back down to 1.5550 or lower tommorow.
Why do you expect that, may I ask?
Gone to a better place
  • #296,499
  • Jan 3, 2012 2:09pm Jan 3, 2012 2:09pm
Quoting zarach
phew not a good start for me -40pip
better wait for another chance tomorrow
Not trying to pick nits here but the post which showed your two short positions at 1.5570 and 1.5543 are more than 40 pips away from price and have been so for more than 4 hours.

Quoting zarach
add another short
first target 1.5500
second target 1.5450
reason: since yesterday GU start weekly range, 1.5570 is highest range
no SL
Attachment
Maybe there was a couple of hours delay between you closing the trades and then letting us know you only came away with a 40 pip loss!!??

With 3 blown accounts already to your name it seems that maths is not your strong point and maybe you have a habit of over-leveraging.

I bid you a good day fella because you're going to need plenty of them!
  • #296,500
  • Jan 3, 2012 2:10pm Jan 3, 2012 2:10pm
Nice avatar, I'll be back.
Gone to a better place
287 traders viewing now