Cable Update (GBPUSD) | Page 14949 | 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)

  • #298,961
  • Jan 23, 2012 2:10pm Jan 23, 2012 2:10pm
Quoting Hgslv
My best guess is that i'm clueless,
but hey, if its not a bear it's a bull right?
Here's how it goes

Attachment
Looks like a no brainer at this point, I usually wait for retracements or 1 hr TL breaks but this bullish continuation to at least 57 1st stop is hard to resist. Will look at going long also either today's close or London open.
Come with me if you want to live....
  • #298,962
  • Jan 23, 2012 2:27pm Jan 23, 2012 2:27pm
Quoting Ill-b-back
Looks like a no brainer at this point, I usually wait for retracements or 1 hr TL breaks but this bullish continuation to at least 57 1st stop is hard to resist. Will look at going long also either today's close or London open.
Likewise, looks like an upward move has just started from the support @ the 5560 area.
  • #298,963
  • Jan 23, 2012 2:36pm Jan 23, 2012 2:36pm
gold is 1 step far to breake ou ot daily downtrend line.
once it does... assuming it will, where will this time stop the upmove?!
90% of traders use TA, indicators and prediction
  • #298,964
  • Jan 23, 2012 2:43pm Jan 23, 2012 2:43pm
Quoting Faller
absolutely terrible......I do not understand why he attacks people out of the blue......anyway - we have all said. let's leave it where it belongs......now looking forward......and off topic to the Pound......is anyone a yen trader? could be interesting tonight with the rate decision etc......anyone care to comment?

if too far off topic....sorry.
uhm i dont expcet so much moves... will they change rates?! mm
anyway GJ looks like ready to print bit higher.

i underline----> im not trading jpy pairs since some weeks so im actually watching to refresh
90% of traders use TA, indicators and prediction
  • #298,965
  • Jan 23, 2012 2:44pm Jan 23, 2012 2:44pm
Quoting kaspopsicle
Maintaining longs...locked 15578 scalp short.
closed short 15560
All systems of divination, like music itself,work through patterns.
  • #298,966
  • Jan 23, 2012 2:49pm Jan 23, 2012 2:49pm
Quoting GDR3k
Likewise, looks like an upward move has just started from the support @ the 5560 area.
Yes, entered 2 longs around mid to high 54's but I have trouble holding trades for more than a day or 2 or a fib or 2. Something to work on.
The F word clip was hilarious. It's melodic tone brought a tear to my eye. Beautiful
Come with me if you want to live....
  • #298,967
  • Jan 23, 2012 2:53pm Jan 23, 2012 2:53pm
Quoting kaspopsicle
closed short 15560
i was short too, now long.

1 short stopped @be
the other closed manually for some pips

uff. PA is taking my nerves, not only my stops today!
90% of traders use TA, indicators and prediction
  • #298,968
  • Jan 23, 2012 2:55pm Jan 23, 2012 2:55pm
Quoting Ill-b-back
Yes, entered 2 longs around mid to high 54's but I have trouble holding trades for more than a day or 2 or a fib or 2. Something to work on.
The F word clip was hilarious. It's melodic tone brought a tear to my eye. Beautiful

yes really hilarious!
was unable to stop laughing
90% of traders use TA, indicators and prediction
  • #298,969
  • Jan 23, 2012 2:57pm Jan 23, 2012 2:57pm
could please one of you buy now some 1billions (better 2-3) of gold in 1:1000 lev to move it to my target ?
lol
90% of traders use TA, indicators and prediction
  • #298,970
  • Jan 23, 2012 2:58pm Jan 23, 2012 2:58pm
..........
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4.gif Size: 20 KB
  • #298,971
  • Jan 23, 2012 3:03pm Jan 23, 2012 3:03pm
Quoting _BBKing_
could please one of you buy now some 1billions (better 2-3) of gold in 1:1000 lev to move it to my target ?
lol
Call Beijing dude, they have the clout for this
Come with me if you want to live....
  • #298,972
  • Edited 3:23pm Jan 23, 2012 3:08pm | Edited 3:23pm
Quoting _BBKing_
gold is 1 step far to breake ou ot daily downtrend line.
once it does... assuming it will, where will this time stop the upmove?!
Attached Image (click to enlarge)
Click to Enlarge Name: 120123_GLD.jpg Size: 142 KB


I am also interested in what will happen with gold at this trendline. I have tightened my stop but there are a couple of things that might bring it back down again.

1. COT report on gold is looking top heavy

Attached Image


For every short future held, there are 4.3 long futures which is veering to the unstable.. just like it was with EURUSD

2. h4 supply level (false breakout?)
3. Overbought with no real pull back since my long entry @1531

Reasons why it can continue up further -

1. ECB with their LTRO equates to backdoor QE
2. Fed could start QE3
3. BoE will most likely initiate further QE NEXT month of around £50bn.

If it does break the daily tl further targets I have are as follows -

1. 1702
2. 1760
3. 1800

Let's see what happens!
  • #298,973
  • Jan 23, 2012 3:09pm Jan 23, 2012 3:09pm
Quoting Cinder Man
..........
hello
interesting!
you think based on your system it is probable a move lower 55area to buy for 57?
90% of traders use TA, indicators and prediction
  • #298,974
  • Edited 3:23pm Jan 23, 2012 3:10pm | Edited 3:23pm
Quoting _BBKing_
i was short too, now long.

1 short stopped @be
the other closed manually for some pips

uff. PA is taking my nerves, not only my stops today!
we need a positive candle close above 15578....i'm flicking between m15 and m5
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (DFB).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #298,975
  • Jan 23, 2012 3:14pm Jan 23, 2012 3:14pm
Quoting Ill-b-back
Yes, entered 2 longs around mid to high 54's but I have trouble holding trades for more than a day or 2 or a fib or 2. Something to work on.
The F word clip was hilarious. It's melodic tone brought a tear to my eye. Beautiful
I don't like holding a trade for more than a day, I much prefer to have a set target which I think will be hit that day, instead of waiting a few days as nothing is certain and it takes a turn.
  • #298,976
  • Jan 23, 2012 3:16pm Jan 23, 2012 3:16pm
Quoting bbakker
Attachment

I am also interested in what will happen with gold at this trendline. I have tightened my stop but there are a couple of things that might bring it back down again.

1. COT report on gold is looking top heavy

Attachment

For every short future held, there are 4.3 long futures which is veering to the unstable.. just like it was with EURUSD

2. h4 supply level (false breakout?)
3. Overbought with no real pull back since my long...

gosh you long since 1500?
me just "a scalp" targeting 1700 exactly 1698,90
since its a scalp will close it in few minutes if no reaction up. it stoped here 677. will reload at reopening if opens out of that line would be great thing!
and yes, a lot of reasons imo to see gold more up, just "simply" need to breake out now!
lets see
90% of traders use TA, indicators and prediction
  • #298,977
  • Jan 23, 2012 3:16pm Jan 23, 2012 3:16pm
i went short at 1.5593, t/p 1.5476
  • #298,978
  • Jan 23, 2012 3:21pm Jan 23, 2012 3:21pm
Quoting GDR3k
I don't like holding a trade for more than a day, I much prefer to have a set target which I think will be hit that day, instead of waiting a few days as nothing is certain and it takes a turn.
yes me too!
when i hold a trade price turns back and hit my SL
when i close it goes straight 100 pips more in my favour in few hours.

i finally found the right way: take it from a main level to the other. at least if goes 100 pips more i will think "ok... was my plan!" and maybe get it in opposite direction
90% of traders use TA, indicators and prediction
  • #298,979
  • Jan 23, 2012 3:24pm Jan 23, 2012 3:24pm
Gbp/Usd Weekly View (23-27th of January), 4 Hours chart in analogy with 35 Pips Constant Range Bars Chart.

http://www.dukascopy.com/imageserver...2/image363.jpg

http://www.dukascopy.com/imageserver...2/image573.jpg


Bullish Probability could first retrace to 1,547(confluence between Weekly Main Pivot Line and 100SMA on 4 Hours Chart) and then Break Long 1,550(Key-Level confluence between 200SMA , Downtrend Line, 61,8% Fibonacci Retracement Bullish and Monthly Pivot) and Move upside to 1,565(confluence Between Main Downtrend Line and Weekly R1 Pivot). Further, Price could even reach 1,576(Weekly R2) before it would retrace Down back to the trendline.

Bearish Probability under 1,550(Key-Level, confluence between 200SMA, Downtrend Line, Monthly Main Pivot Line and 61,5 Fibonacci) could also Breach through 1,547(confluence between Weekly Pivot and 100SMA) and reach first target at 1,539(Key-Level, confluence between 38,2% Fibonacci, 50SMA and Main support on Higher Time Frames).The Bearish Continuation from this level could take price to 1,536(Weekly S1 Pivot), further to 1,533(Fibonacci Retracement 23,6%), and even reach 1,527(Main support). Price could Make a False Break-Out to 1,517(weekly S2 Pivot) and Retrace Back Long.

To Your Success,

Doctortyby
  • #298,980
  • Jan 23, 2012 3:29pm Jan 23, 2012 3:29pm
Quoting kaspopsicle
we need a positive candle close above 15578....i'm flicking between m15 and m5
yes 5574-8. few minutes left for day closing here...
lets see i hold another few minutes!
90% of traders use TA, indicators and prediction
242 traders viewing now, 2 are registered:
ricmaj
,