Cable Update (GBPUSD) | Page 15445 | 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)

  • #308,881
  • Apr 18, 2012 6:25pm Apr 18, 2012 6:25pm
Well the day closed with the price above 1.6 . A day with 140 pip range, 40% higher than the current average. Not bad. Last time we were here was 2nd April and it was struggling. Not this time - after we retest 1.6, 1.6060 looks possible and probably 1.6165 and beyond. Believe it or not, I'm still bearish this pair but not until I see some bearish PA.
Gone to a better place
  • #308,882
  • Apr 18, 2012 6:31pm Apr 18, 2012 6:31pm
Quoting bguguen
is anyone shorting at these levels??
Short but only for about 25 pips. I will be interested to see any bullish PA around 5970, if Franki gets us there
Come with me if you want to live....
  • #308,883
  • Apr 18, 2012 6:34pm Apr 18, 2012 6:34pm
Quoting Oceanside
My personal opinion is it's a bit early in the day to be placing Shorts. The set up should come around 12pm-1am pacific standard time.

I've been examining the GBP/USD and GBP/CAD like a hawk for the past few weeks.

I'm more of a pattern recognition and price action kind of guy. Getting too technical and/or too fundamental can make a person crazy.
I'll be looking out for that. You think it's going to be shorted below 1.6 after London closes?
Gone to a better place
  • #308,884
  • Apr 18, 2012 6:36pm Apr 18, 2012 6:36pm
Quoting Ill-b-back
Short but only for about 25 pips. I will be interested to see any bullish PA around 5970, if Franki gets us there
Seriously? You expect Asia to short this below 1.6? I'll have to have another rethink. It's my turn to say goodnight - it's 12.40am here.
Gone to a better place
  • #308,885
  • Apr 18, 2012 6:42pm Apr 18, 2012 6:42pm
Quoting smikester
Seriously? You expect Asia to short this below 1.6?
Not Asia, but Franki might chip in. I am just shorting to 5993 I think, 1st support (I am at work). If Franki takes us to 5970, I will be a happy man, if not, I will wait higher up for a bearish dip maybe off 6130 (next 50 fib).
Come with me if you want to live....
  • #308,886
  • Apr 18, 2012 6:46pm Apr 18, 2012 6:46pm
We have had 3 decent run ups this week, and have hit
Bguguens ascending TL again, we can have a retrace. there is a
A recently broken descending TL that we could retest, sorry no chart, on phone.
Come with me if you want to live....
  • #308,887
  • Apr 18, 2012 6:48pm Apr 18, 2012 6:48pm
I was looking to daily chart and I found something very interesting. For the last two and a half months, the 250 EMA is acting as a very strong and clear support&resistance level. I am short @1.5969 am my positions look very bad right now. I sure hope a stronger dollar or a weaker gbp soon, cause my account is in very big danger.
Happy trading everyone !
  • #308,888
  • Apr 18, 2012 6:55pm Apr 18, 2012 6:55pm
Quoting smikester
I'll be looking out for that. You think it's going to be shorted below 1.6 after London closes?
I won't have an official opinion until later on the bigger movement.

We do have a very low leverage Short position on the GBP/USD right now at the price of 1.60159

My "opinion" is on the next 50-100pip swing which has been very common with these pairs lately.

On the GBP/CAD the major resistance is at 1.5975'ish.

I'll be up late night with my thoughts as we get closer to midnight pacific time.
  • #308,889
  • Apr 18, 2012 7:15pm Apr 18, 2012 7:15pm
Quoting Student
You are now favouring the short side?
I seriously doubt it, I am quite sure he was joking
Come with me if you want to live....
  • #308,890
  • Apr 18, 2012 7:19pm Apr 18, 2012 7:19pm
Oh man my 4th post and only 1019am, anyone else have an X on their chart?
Come with me if you want to live....
  • #308,891
  • Apr 18, 2012 7:25pm Apr 18, 2012 7:25pm
Quoting Allseeingeye
WHAT ISNT MANIPULATED WITH THESE Bastards! But why fight it, like me the IDIOT lol. I Fought it trying to make it go to 1.56 & it cost me 9200 plus 5 days, the last 3 days I just took it long & I am back at 6500 back, I know that we will see 161 so I will make a profit! Look at Daily we are not coming down significantly this week for sure.
Bloody oath they are manipulated, manipulated to fit the chart, the last one off the 50 fib with crazy candles required to respect the daily/weekly TL. I still reckon the whole game is hogwash, sorry Smikes, it's the only thing that makes sense to me sometimes.
Come with me if you want to live....
  • #308,892
  • Apr 18, 2012 7:49pm Apr 18, 2012 7:49pm
What is the possibility this reaching 6100++reaching for 6200 at London.
I am in crises close my 4 shorts and accept $160 loss or wait to see how London reacts.
I just don't like how EU is in sinc with Cable even though there is 200 pips off correlation.
I mean EU reaching 3200 sure it will force Cable 6100 and beyond.
I am very pissed at myself for not doing my homework.I should of waited cable news before shorting.
Just a fking rookie mistake.
In trading, you have to be defensive and aggressive at the same time
  • #308,893
  • Apr 18, 2012 7:59pm Apr 18, 2012 7:59pm
Here's my take with the whole "manipulation thing".

It's not speculation. It's fact. We have government manipulation, institutional manipulation and speculation manipulation.

I've been watching charts for about 60 hours per week 5 days per week for about 5 solid years now and there most certainly are purposeful and methodical stop loss hunts.

This is why with my personal opinions....and again....my opinion is no better than anyone elses....are to keep things less complicated, and examine more the rhythm, pattern, and price action of the big market opens and primarily the first half of the market.

I'm looking at Big Ben in London and just a little before it's open to start making my decision on tonights moves.

I acknowlege the major resistance levels I do....but when just doing human speculation trading....I think you need to get down to the very basics. Find your niche currency, find your niche market open times, and start watching......watch it A LOT.

Until you start literally recognizing movement patterns.

It is imperative to have a top of the line broker. I prefer banks. Swiss Banks. No price spikes, real liquidity provision, just about flawless trading. This matters hugely...which many here probably painfully are aware of.
  • #308,894
  • Apr 18, 2012 8:02pm Apr 18, 2012 8:02pm
Just for kicks and if I had to play pyschic....

I'd expect a retrace tonight of 30-40'ish pips....and then a swing to the upside on both the gbp/cad and the gbp/usd to retest those highs again.

I may change my mind in another 5 hours
  • #308,895
  • Apr 18, 2012 8:17pm Apr 18, 2012 8:17pm
Quoting iqyu5an
617x-lime area on eyed....

let it go and sleep....


0.0000001 cent
Attached Image
  • #308,896
  • Edited 10:07pm Apr 18, 2012 8:36pm | Edited 10:07pm


had new daily candle already.

this is the prediction ......but the trading ?? hard thing to do

aniway...
is it possible mate ? uhhhh ahhhhh this is fx...... anything could happen

salam ...

Quoting iqyu5an
most likely brother.....can u make it higher a bit for next following week ?
Quoting abdul_halim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pvj422.gif Size: 23 KB
Click to Enlarge Name: pvj423.gif Size: 27 KB
not euphoria follower
  • #308,897
  • Apr 18, 2012 9:42pm Apr 18, 2012 9:42pm
It seems a few bears got caught in the China bull trap
Come with me if you want to live....
  • #308,898
  • Apr 18, 2012 10:05pm Apr 18, 2012 10:05pm
do u all thing it will retrace around 40-50 pips then only will retest the high level ?
  • #308,899
  • Apr 18, 2012 11:51pm Apr 18, 2012 11:51pm
Quoting hutrader
To the pip hit.

If cable Uber bullish 1.6044 is on the menu.
very close but missed by 2.5 pips
  • #308,900
  • Apr 19, 2012 1:16am Apr 19, 2012 1:16am
Quoting TauTrader
Good day to you,

Loading short here @ 1.6020. SL just above high @ 1.6050.

Going to bed - see tomorrow.

Regards
Good day to you,

I'm closing my position here @ 1.6022. Setup changed and I need to go out for the day.

Rather safe than sorry.

Regards
426 traders viewing now