Cable Update (GBPUSD) | Page 15570 | 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)

  • #311,381
  • May 4, 2012 2:28am May 4, 2012 2:28am
Morning , bull signals there in both eu & gu since yesterday for just more correction up for the timebeing but market trying very hard it stop with diamond like swing again . a very tough job in success once more time ( success in last one ) in a small time frame . so whatever does need to be carefull , can be violent in both cases of success or abortion !!

clear one now in eu chart .
fontu

http://www.forexfactory.com/showthre...40#post5636140
Attached Image (click to enlarge)
Click to Enlarge Name: usd32.gif Size: 23 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #311,382
  • May 4, 2012 2:28am May 4, 2012 2:28am
Quoting PoundTrader
ok guys lets talk about trading, who's doing what? short or long tell me where you think she's going http://im-smiley.com/imgs/scared/scared001.gif

Good morning Pound - and all of my other fellow traders...

As for position - I am flat. Had a successful week and now I feel it is important to watch the higher time frames.....the lower time frames are showing weakness but the higher time frames ares showing this weakness could just be a pullback - I am going to be very careful today because as Pound Trader said - we don't want to give back our pips from the week....

Take a look at the forest today - the trees can look very pretty up close but I believe the view of the forest is the one you want today.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #311,383
  • May 4, 2012 2:39am May 4, 2012 2:39am
Quoting Faller
Good morning Pound - and all of my other fellow traders...

As for position - I am flat. Had a successful week and now I feel it is important to watch the higher time frames.....the lower time frames are showing weakness but the higher time frames ares showing this weakness could just be a pullback - I am going to be very careful today because as Pound Trader said - we don't want to give back our pips from the week....

Take a look at the forest today - the trees can look very pretty up close but I believe the view of the forest is the one you...
Welcome back faller , , yeah need excercise more precation in this situation .
correction down has got no balls but trying hard to stop bull crazy start so earlier !! above 6153 !!! so which is more crazy ? certain the BULL still . personally like breaks 6153 & if go a bull can be very violent otherwise bull crazy from at above can be self limiting again .

anyway bull signals are very clear for more correction up before any down .in gu a double can turn even into a tripple or quadriple bottom also fine .or breaks reaction low 6159 , even false breaks 53 towards 32 & violent up as in abortion the diamond , all possible .


fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #311,384
  • May 4, 2012 2:41am May 4, 2012 2:41am
wise words faller.

no positions for me i am currently sitting on the bench many greenies in the bag this week want to keep it that way.
  • #311,385
  • May 4, 2012 2:46am May 4, 2012 2:46am
G/M

Another bearish daily candle yesterday - 4th on the row since that 6300 hi. Some bearish follow thru today so far...price approaching area of yesterday's/wednesday's 6159 Lo.

Another subdued pip range yesterday well below the 2o day atr, this now stands at 87pips foor this pairing !

@/below here:

[ 6166-58-45 prev 4hr sw hi zone incl 6163 = 61.8% 6077-6300
[ 6164-51 prev 4hr/1hr sw lo zone incl 6151=Daily S1 @/around
6139-31 prev 1hr minor sw lo zone incl 6135 = 23.6% 5769-6300, and 6132 = Weekly S1 @/around and 6131= 76.4% 6077-6300
6127 Daily S2 @/around
6118-11 3 fib cluster incl 6112 = Monthly Pivot @/around, and 6111= 85.4% 6077-6300
6098 38.2% 5769-6300
6095 Daily S3 @/around
6090-87-80 prev minor Daily/4hr/1hr sw lo zone
6080-75 prev 4hr/1hr sw lo zone
6070-57 prev 4hr sw hi zone
[ 6058-48 3 fib cluster
[ 6055-24 prev minor weekly/Daily sw hi zone (non immed)
[ 6045-41-36 prev 4hr/1hr sw lo zone incl 6035/34 = 50% 5769-6300/38.2% 5601-6300
6019-07 prev 4hr sw lo zone
6002 61.8% 5817-6300 & Weekly S2 @/around
5995 61.8% 5805-6300
[ 5982-66 prev minor Daily/4hr sw hi zone (non-immed) incl 5971=61.8% 5769-6300
[ 5970-62-57 prev 4hr sw lo zone
5952 50% 5601-6300
[ 5935-30 ascending Daily t/f t/line on present Daily candle
[ 5932 76.4% 5817-6300
5928 Weekly S3 @/around
5926 Monthly S1 @/around
5923 76.4% 5805-6300
5910-5893 prev 4hr sw lo zone incl 5894 = 38.2% 5234-6300 and 76.4% 5769-6300
5889 85.4% 5817-6300
5879 85.4% 5805-6300
5873-60 prev 4hr sw lo zone incl 5869 = 61.8% 5601-6300
5847 85.4% 5769-6300
5824-16-03-5799 prev Daily/4hr swing lo zone (prev Weekly sw lo zone to 5803)
5796-88-5769 prev Daily/4hr sw lo zone incl 5769 = 76.4% 5601-6300 and 50% 5234-6300

G/L
ex member
  • #311,386
  • May 4, 2012 2:50am May 4, 2012 2:50am
I smell a dead cat bounce here
The only way not to think about money is to have a great deal of it
  • #311,387
  • May 4, 2012 2:51am May 4, 2012 2:51am
Quoting Faller
Good morning Pound - and all of my other fellow traders...

As for position - I am flat. Had a successful week and now I feel it is important to watch the higher time frames.....the lower time frames are showing weakness but the higher time frames ares showing this weakness could just be a pullback - I am going to be very careful today because as Pound Trader said - we don't want to give back our pips from the week....

Take a look at the forest today - the trees can look very pretty up close but I believe the view of the forest is the one you...
Yes, the question is, bearish gonna be long trend or just a pull back before climbing higher again ?.....
  • #311,388
  • May 4, 2012 2:53am May 4, 2012 2:53am
rally on GU

watch mode :-)
The market will deceive you. Make your own judgement.
  • #311,389
  • May 4, 2012 2:53am May 4, 2012 2:53am
Quoting Red Alert
Yes, the question is, bearish gonna be long trend or just a pull back before climbing higher again ?.....

lots of bad services PMI's coming out of Europe right now.....

like I said - I am just being careful and will trade the Price Action that I see....still staying flat although I was tempted to go short at 1.6190 - I sat on my hands......just watching.

Interesting to see Crude take a beating ....has dropped over a buck in the past hour....gold and silver also getting hammered.
I don't trust any move - when you have profit...take it.
  • #311,390
  • May 4, 2012 3:00am May 4, 2012 3:00am
Quoting Faller
lots of bad services PMI's coming out of Europe right now.....

like I said - I am just being careful and will trade the Price Action that I see....still staying flat although I was tempted to go short at 1.6190 - I sat on my hands......just watching.

Interesting to see Crude take a beating ....has dropped over a buck in the past hour....gold and silver also getting hammered.

cable certainly not looking bullish..i reckon its a short for sure but theres a possibility of a bull flag

the red arrow is where id like this mofo to go
Attached Image (click to enlarge)
Click to Enlarge Name: cable11.jpg Size: 103 KB
  • #311,391
  • May 4, 2012 3:02am May 4, 2012 3:02am
immediate question re this pairing is how much demand in this zone leading down to yesterday/wed's lo and then 6145 ? It has been frustrating the bears for 2 days now.

Daily still in opa general uptrend 4hr somewhat mixed-bullish, 1hr mixed-bearish

G/L
ex member
  • #311,392
  • May 4, 2012 3:05am May 4, 2012 3:05am
Quoting bbmac
immediate question re this pairing is how much demand in this zone leading down to yesterday/wed's lo and then 6145 ? It has been frustrating the bears for 2 days now.

Daily still in opa general uptrend 4hr somewhat mixed-bullish, 1hr mixed-bearish

G/L
the pound has demand right now..could be basing

look at gbpnzd..the thing is flying..we missed a great pin bar tom on the monthly
  • #311,393
  • May 4, 2012 3:06am May 4, 2012 3:06am
Totally opposite than what I wanted to see at this point in time. Plan off the table.

Going out for meetings. Will see when I come back.

Take care
  • #311,394
  • May 4, 2012 3:06am May 4, 2012 3:06am
Quoting nAVIN2007
cable certainly not looking bullish..i reckon its a short for sure but theres a possibility of a bull flag

the red arrow is where id like this mofo to go

bullish bearish......at this point we are in a mofo zone as you say - for me between 1.6201 and 1.6158 (futures prices) we are just stuck and we have been stuck here for the past 48 hours.....so this could be seen a distribution before the fall.....or accumulation before a continued rise - we all know cable can blast off in either direction for 40 to 80 to 100 pips in a heart beat and I believe it is better to be on the side lines and wait for the move to happen instead of being in a trade hoping it will go one way or the other.

Like I said earlier....I am flat and I am looking at the forest today......

Hope all is well nAVIN....

Faller
I don't trust any move - when you have profit...take it.
  • #311,395
  • May 4, 2012 3:12am May 4, 2012 3:12am
Quoting Faller
bullish bearish......at this point we are in a mofo zone as you say - for me between 1.6201 and 1.6158 (futures prices) we are just stuck and we have been stuck here for the past 48 hours.....so this could be seen a distribution before the fall.....or accumulation before a continued rise - we all know cable can blast off in either direction for 40 to 80 to 100 pips in a heart beat and I believe it is better to be on the side lines and wait for the move to happen instead of being in a trade hoping it will go one way or the other.

Like I said earlier....I...
definitely bro!..i just saying as usaul the some bitch is poised to go either way but great probability to short..if this support give way

trade safe bud
  • #311,396
  • May 4, 2012 3:13am May 4, 2012 3:13am
1hr shows the 4hr/1hr congestion / range - likely between 6159 and 6214.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 112 KB
ex member
  • #311,397
  • May 4, 2012 3:16am May 4, 2012 3:16am
Quoting Faller
lots of bad services PMI's coming out of Europe right now.....

like I said - I am just being careful and will trade the Price Action that I see....still staying flat although I was tempted to go short at 1.6190 - I sat on my hands......just watching.

Interesting to see Crude take a beating ....has dropped over a buck in the past hour....gold and silver also getting hammered.
Good trade mate...safety first!!!........waiting and waiting and enter at the best momentum is absolutely better..........
considering the situation, i made the smallest lot, long at 1.6180.....TP will be done manually, target is 16235
  • #311,398
  • May 4, 2012 3:18am May 4, 2012 3:18am
MNI saying bids likely 6160/50 sell stops on break and next significant bids likely 6100/10.

G/L
ex member
  • #311,399
  • May 4, 2012 3:25am May 4, 2012 3:25am
Quoting nAVIN2007
definitely bro!..i just saying as usaul the some bitch is poised to go either way but great probability to short..if this support give way

trade safe bud

I don't trust any move - when you have profit...take it.
  • #311,400
  • May 4, 2012 3:25am May 4, 2012 3:25am
Price just around MA 50 for 2 days..maybe NFP can move it up/down..
142 traders viewing now