Cable Update (GBPUSD) | Page 15230 | 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)

  • #304,581
  • Mar 22, 2012 2:40am Mar 22, 2012 2:40am
These are the levels (+ or - 10pips) on H4 which I identified, and expect them to be retested.

Talking about wishes: Allways is easier for me to trade EU, cable, or AU when there is more DOLLAR move.Then you just pick the currency that is strongest or weakest against greenback for long or short... Would like more sync with currencies and Dow also.
Attached Image (click to enlarge)
Click to Enlarge Name: cable-h4-levels.gif Size: 23 KB
  • #304,582
  • Mar 22, 2012 2:40am Mar 22, 2012 2:40am
oh my.. wish i was in aussie and kiwi.. oh well..
  • #304,583
  • Mar 22, 2012 2:48am Mar 22, 2012 2:48am
I'm still slightly bearish, but tonight seems like it could end up being a coin flip. So much stop hunting has happened, at this point, nobody knows except the banks :|
  • #304,584
  • Mar 22, 2012 2:59am Mar 22, 2012 2:59am
Quoting C5fx
I'm still slightly bearish, but tonight seems like it could end up being a coin flip. So much stop hunting has happened, at this point, nobody knows except the banks :|
i think it will go down, that's not the problem.. the problem is the fact that it's not moving.. compared with the aussie and kiwi, clear setup and easy trade.. lol.

and i spend my time more on fiber and cable.. damn.. lol. complete waste of time.
  • #304,585
  • Mar 22, 2012 3:04am Mar 22, 2012 3:04am
Quoting A-speculator
i think it will go down, that's not the problem.. the problem is the fact that it's not moving.. compared with the aussie and kiwi, clear setup and easy trade.. lol.

and i spend my time more on fiber and cable.. damn.. lol. complete waste of time.

u seem really sure it will go down which i find quite strange considering it moving up and appears to be backed up by technicals

last month bullish (maybe since the low broke u changed to down) is the only reason i can see why some perhaps short
last weekly bullish
dailly bullish
  • #304,586
  • Mar 22, 2012 3:09am Mar 22, 2012 3:09am
Quoting nAVIN2007
u seem really sure it will go down which i find quite strange considering it moving up and appears to be backed up by technicals

last month bullish
last weekly bullish
dailly bullish
try do a comparison from other pairs. to get overall sentiment, imho you have to have some sort of comparison from other pairs.. it doesn't mean that you have to trade the other pairs, just use the other pairs as your trading tools for analyze say cable.

i have my own preference of selection of pairs.. perhaps you might have different than mine.. hope that helps.

green pips mate.
  • #304,587
  • Mar 22, 2012 3:13am Mar 22, 2012 3:13am
Quoting A-speculator
try do a comparison from other pairs. to get overall sentiment, imho you have to have some sort of comparison from other pairs.. it doesn't mean that you have to trade the other pairs, just use the other pairs as your trading tools for analyze say cable.

i have my own preference of selection of pairs.. perhaps you might have different than mine.. hope that helps.

green pips mate.
u too buddy, green pips
  • #304,588
  • Mar 22, 2012 3:18am Mar 22, 2012 3:18am
Quoting nAVIN2007
u too buddy, green pips
i give u an example regarding pair selection. say you want to trade cable. so the direct selection (the similarity between the 2) of currency is the USD, let say u choose to analyze the correlation eurusd with gbpusd and the other direct relation is the eurgbp. now by analyzing these 3 pair, you can get some idea the movement of cable. if you would like to know more regarding USD perhaps you can analyze it against aud and nzd.. and the possibilities goes on. Selection on pairs is crucial towards the one pair that you want to analyze/trade. hope that helps.
  • #304,589
  • Mar 22, 2012 3:21am Mar 22, 2012 3:21am
Good morning, afternoon, evening...

Price rejection at the Asia session high.

Price rejection at 61% retrace of yesterday's move.

Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120322m30.gif Size: 30 KB
Gone to a better place
  • #304,590
  • Mar 22, 2012 3:23am Mar 22, 2012 3:23am
9 days left to complete Q1-2012 candle
Attached Image (click to enlarge)
Click to Enlarge Name: pvj310.gif Size: 22 KB
not euphoria follower
  • #304,591
  • Mar 22, 2012 3:35am Mar 22, 2012 3:35am
I am short from 1.5880, original stop was on 1.5905, now on BE

now about +27/28
Attached Image (click to enlarge)
Click to Enlarge Name: cable-short-22-03-2012.gif Size: 29 KB
  • #304,592
  • Mar 22, 2012 3:36am Mar 22, 2012 3:36am
Going down
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 13 KB
  • #304,593
  • Mar 22, 2012 3:40am Mar 22, 2012 3:40am
UP
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 9 KB
  • #304,594
  • Mar 22, 2012 3:44am Mar 22, 2012 3:44am
hmmmm...Interesting manufacturing PMI...too bad I missed this scalp...just came back from lunch!
I trade to live
  • #304,595
  • Mar 22, 2012 3:45am Mar 22, 2012 3:45am
Quoting Ill-b-back
I'd love to see this thing head back down towards 56 -5650 area then get a strong buy signal, so I can offload my short at the bottom and offload my long back up at the top
I trade to live
  • #304,596
  • Mar 22, 2012 3:46am Mar 22, 2012 3:46am
G/M

Rangy old day yesterday reflected in the daily doji-esq candle that formed. Today so far that 4hr/1hr range has contnued..reflected in near-term current 1hr chart below.

Just below yesterday's low is a 5 fib cluster running 5812-5799 and Daily S1 is @/around 5814.

Intraday bearish so far.

Uk Retail Sales data soon.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 87 KB
ex member
  • #304,597
  • Mar 22, 2012 3:47am Mar 22, 2012 3:47am
Quoting UbuFamily
hmmmm...Interesting manufacturing PMI...too bad I missed this scalp...just came back from lunch!
what? u missed it? u said you going to bed..lol. anyway, if you have had that entry earlier today around 5875-5880, it should work out just fine, you know..

fiber is the real mover mate..
  • #304,598
  • Mar 22, 2012 3:47am Mar 22, 2012 3:47am
Quoting baherhosni
Why don't you try to cover your loosing long.. By another long at the bottom to the move with a higher lot size so that It would cover the loosing position by a multiple of its Lot size? Do you have enough free margin to do that?

This attitude is dangerous bro...this type of decision that makes traders account burnt...sorry saying this, but this is my bad experience last 2009...I learn a lesson from it..
I trade to live
  • #304,599
  • Mar 22, 2012 3:50am Mar 22, 2012 3:50am
Here's a daily chart which has been posted before but we are getting closer...

The trend line respected at yesterday's high was from 2007, over 4 years ago. Momentous is the word, I think.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120322d1.gif Size: 35 KB
Gone to a better place
  • #304,600
  • Mar 22, 2012 3:54am Mar 22, 2012 3:54am
i think it is time for cable to continue the move while fiber make a retracement, to make correction on eurgbp, i presume..
455 traders viewing now, 2 are registered:
Mitiblotch
,
eddiebary