Cable Update (GBPUSD) | Page 15313 | 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)

  • #306,241
  • Apr 4, 2012 6:15am Apr 4, 2012 6:15am
Closed SELL GBP/USD on 1,58500 for 33,1 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 10.png Size: 17 KB
  • #306,242
  • Apr 4, 2012 6:15am Apr 4, 2012 6:15am
since ucad is somehow correlated with cable, i post some of my insights.. as long as we have pressure to the upside on ucad, i think cable will be pressured to the downside.

this correlation is indirectly related since it is the US vs the commodity.. but somehow useful in checking milestone on cable.

ucad is just a few pips from 1.0 level which i think will be quite a resistance.. perhaps once ucad reached that level, than only we can see retracement on cable.. if the resistance hold, of course..
Attached Image (click to enlarge)
Click to Enlarge Name: candy.gif Size: 42 KB
  • #306,243
  • Apr 4, 2012 6:26am Apr 4, 2012 6:26am
Quoting A-speculator
since ucad is somehow correlated with cable, i post some of my insights.. as long as we have pressure to the upside on ucad, i think cable will be pressured to the downside.

this correlation is indirectly related since it is the US vs the commodity.. but somehow useful in checking milestone on cable.

ucad is just a few pips from 1.0 level which i think will be quite a resistance.. perhaps once ucad reached that level, than only we can see retracement on cable.. if the resistance hold, of course..
That is interesting. I did not know that. They are inversely correlated. Thanks mate!
Gone to a better place
  • #306,244
  • Apr 4, 2012 6:27am Apr 4, 2012 6:27am
lastly is EG. i think this pair indicate the overall direction on fiber, but since fiber is very much related to cable i think this pair is useful to indicate the overall direction for cable also.

if you look at the higher TF, this pair has already violated its upward channel and i think this pair is expose to more downside. since this pair is not as volatile as cable, the small difference in its movement does weigh a lot on the analysis on both fiber and cable.

as you can see, from my charts, i have tried to put POs but none triggered for today.. the move is very strong and not like what we normally traded..

good luck guys.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 41 KB
  • #306,245
  • Apr 4, 2012 6:30am Apr 4, 2012 6:30am
Quoting smikester
That is interesting. I did not know that. They are inversely correlated. Thanks mate!
but the relation is not like swissy and fiber.. ucad and cable has indirect relation meaning that you still have to work some extra TA to figure that out. But what i can say is, candy indicate loss of interest on the commodity and see how the fund run towards the USD.. i'm sorry mate, i really don't know how i'm gonna describe this but i think you get my point, right? it is the market sentiment that we are looking at..
  • #306,246
  • Apr 4, 2012 6:41am Apr 4, 2012 6:41am
fasten your seatbelt, guys...
  • #306,247
  • Apr 4, 2012 6:43am Apr 4, 2012 6:43am
Quoting A-speculator
since ucad is somehow correlated with cable, i post some of my insights.. as long as we have pressure to the upside on ucad, i think cable will be pressured to the downside.

this correlation is indirectly related since it is the US vs the commodity.. but somehow useful in checking milestone on cable.

ucad is just a few pips from 1.0 level which i think will be quite a resistance.. perhaps once ucad reached that level, than only we can see retracement on cable.. if the resistance hold, of course..

usefull information bro
thanks banyak2...
I trade to live
  • #306,248
  • Apr 4, 2012 6:43am Apr 4, 2012 6:43am
Quoting A-speculator
thanks mate. i would try to test that strategy..
11 wins and 2 losses since 1.5979.
Gone to a better place
  • #306,249
  • Apr 4, 2012 6:44am Apr 4, 2012 6:44am
Quoting smikester
11 wins and 2 losses since 1.5979.
that already consider good smike....
I trade to live
  • #306,250
  • Apr 4, 2012 6:44am Apr 4, 2012 6:44am
1.5860. See my post earlier when i was complaining it took over 2 hours to break? This might be a good place to add to shorts.
Gone to a better place
  • #306,251
  • Apr 4, 2012 6:48am Apr 4, 2012 6:48am
Quoting smikester
1.5860. See my post earlier when i was complaining it took over 2 hours to break? This might be a good place to add to shorts.
got my PO triggered at 5870 and 5865-triggered manually because of inpatients..

i will close my inpatient position right after it's turns green..
  • #306,252
  • Apr 4, 2012 6:52am Apr 4, 2012 6:52am
Quoting smikester
1.5860. See my post earlier when i was complaining it took over 2 hours to break? This might be a good place to add to shorts.

can it still move further down after reaching 5850 and 5832?
I trade to live
  • #306,253
  • Apr 4, 2012 6:54am Apr 4, 2012 6:54am
Quoting UbuFamily
can it still move further down after reaching 5850 and 5832?
4h indicate it can.. its a classic breakout retest of a candle.. invalidation price is the high of the doji in 4h about 5920.. this is just day2, i expect a run for 3 days.. lol
  • #306,254
  • Apr 4, 2012 7:05am Apr 4, 2012 7:05am
Quoting A-speculator
4h indicate it can.. its a classic breakout retest of a candle.. invalidation price is the high of the doji in 4h about 5920.. this is just day2, i expect a run for 3 days.. lol

Ohh,,,its the 4H doji....wondering why can't i see it in H1..thanks mate..again
I trade to live
  • #306,255
  • Apr 4, 2012 7:12am Apr 4, 2012 7:12am
looks like 1.59 and 1.60 area will be revisited sooner than i expect.
90% of traders use TA, indicators and prediction
  • #306,256
  • Apr 4, 2012 7:15am Apr 4, 2012 7:15am
Quoting _BBKing_
looks like 1.59 and 1.60 area will be revisited sooner than i expect.
1.6 is out of question mate but 1.59 maybe, just maybe if we get pass 5880 (i have my PO there still has not been triggered) ..
  • #306,257
  • Apr 4, 2012 7:24am Apr 4, 2012 7:24am
Quoting UbuFamily
can it still move further down after reaching 5850 and 5832?
I don't know. Lots of short covering atm. I think it is NFP week as well. Lots of news tomorrow. Good trading week.
Gone to a better place
  • #306,258
  • Apr 4, 2012 7:30am Apr 4, 2012 7:30am
Quoting A-speculator
1.6 is out of question mate but 1.59 maybe, just maybe if we get pass 5880 (i have my PO there still has not been triggered) ..
1.6 is not out of question....
i'm not talking in few hours!

anyway 5880 yes giving some problems but imo, worst problems will happen near 5940-50 in actual price conditions.
EU tank was better than GU.
GU still not breaking main levels.
could mean she will do tomorrow but could also mean that this 5835 is bottom of april...
90% of traders use TA, indicators and prediction
  • #306,259
  • Apr 4, 2012 7:31am Apr 4, 2012 7:31am
Quoting smikester
I don't know. Lots of short covering atm. I think it is NFP week as well. Lots of news tomorrow. Good trading week.
in VSA perspective, i think we can see continuation, with high volume and large spread close on the previous 4h candle.. anyway, let's see how current 4h close, if it's of a lower volume, maybe there's short covering.. but if not.. better get out imho.. lol.

anyway, i'm thinking to close my position which is open at 5870 at the 5850 level, just about the low on the 4h and will let the other one run and see how things progress..
  • #306,260
  • Apr 4, 2012 7:33am Apr 4, 2012 7:33am
Quoting _BBKing_
1.6 is not out of question....
i'm not talking in few hours!

anyway 5880 yes giving some problems but imo, worst problems will happen near 5940-50 in actual price conditions.
EU tank was better than GU.
GU still not breaking main levels.
could mean she will do tomorrow but could also mean that this 5835 is bottom of april...
imho, cable has not completed its cycle just yet.. perhaps after we reach 5650.. let's just see how things progress first, atm there's still no valid consolidation to indicate near term pullback..
179 traders viewing now, 5 are registered:
Foryture
,
,
,
Gbpusdfreakk
,
Majorshem