Cable Update (GBPUSD) | Page 15937 | 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)

  • #318,721
  • Jul 13, 2012 10:06am Jul 13, 2012 10:06am
Quoting thegunslinger
Well that trade failed. I would love to know what has caused this catastrophic (for those of us thinking bearish) reversal.

I see China numbers came out good. That's sending US stocks soaring. Stocks up, USD down?
Move off monthly support worm boy mentioned before.
We are on our way to retesting said resistance
Come with me if you want to live....
  • #318,722
  • Jul 13, 2012 10:09am Jul 13, 2012 10:09am
Quoting redbeben
ok now...if we close under 1.5404 then we go to 1.5310-20 maybe even 1.5270

If we don't close daily below I add long



more than classic

one more thing if I might say.....where does anybody see any GBP depreciation for the Olimpycs ?

I see....to be honest quite an apreciation

London means loads of Europeans will go meaning GBPshould be dereciated in regards to this one first.For the past 3 months it actually gained strength from 1.18 the exchange rate to 1.23-25....I know it coz I live it every day

Fundies Smundies.
  • #318,723
  • Edited 10:35am Jul 13, 2012 10:16am | Edited 10:35am
Quoting redbeben

if any jumped on UCAD make sure you keep an eye on 1.0171-77 as that one is a S level.

if that one fails we go 1.0122 but if it holds then we can buy there.
I'll close 1/3 of mine now.opened it @ 1.0237

50 pips profit on this one so far
added 50 more today and closed another 1/3

rest to follow
  • #318,724
  • Jul 13, 2012 10:19am Jul 13, 2012 10:19am
and as for GU we might see 1.5583-84 by the end of the day.

top could be 1.5596 as 61.8% fibo but 1.5583-84 is more realistic

1.5555 was 50% fibo on this.

I might sell up there or even higher 1.5610-20 but only as a scalp.My longs are still open.
  • #318,725
  • Jul 13, 2012 11:00am Jul 13, 2012 11:00am
Dollar gaining back declines everywhere apart from the pound?
Money never sleeps...
  • #318,726
  • Jul 13, 2012 11:13am Jul 13, 2012 11:13am
Quoting inpatient
Dollar gaining back declines everywhere apart from the pound?
not yet

wait for some more on EU as well..for now it keeps the level.We might see a drop on both by the end of the day as the buyers would like to close some for profit...but not from those levels yet.
30-40 pips higher would make a better short entry than we have now.

on both pairs
  • #318,727
  • Jul 13, 2012 11:21am Jul 13, 2012 11:21am
EU just about to shoot up

I'm in for a scalp 1.2239 SL 1.2230 tp open

edit-made up my mind 1.2280 TP now I have to run for a swim at the beach.I'll post some pictures coz I might go for a dive
  • #318,728
  • Jul 13, 2012 12:38pm Jul 13, 2012 12:38pm
Quoting _BBKing_
i would like to buy near 5400

90% of traders use TA, indicators and prediction
  • #318,729
  • Jul 13, 2012 1:02pm Jul 13, 2012 1:02pm
Quoting redbeben
and as for GU we might see 1.5583-84 by the end of the day.

top could be 1.5596 as 61.8% fibo but 1.5583-84 is more realistic
  • #318,730
  • Jul 13, 2012 1:16pm Jul 13, 2012 1:16pm
im short @ 5567. target 5275
  • #318,731
  • Jul 13, 2012 1:17pm Jul 13, 2012 1:17pm
Quoting redbeben
and as for GU we might see 1.5583-84 by the end of the day.

top could be 1.5596 as 61.8% fibo but 1.5583-84 is more realistic

1.5555 was 50% fibo on this.

I might sell up there or even higher 1.5610-20 but only as a scalp.My longs are still open.
I will put a pending sell @ 1,5575 (1.5576-77 is this week's high) only for a scalp.

even if no full retrace sign yet

we might see 1.5610 but don't think there is enough time and steam to push it there.
next week maybe.

don't forget that 1.5620-23 is the line in the sand.above it we go to 1.5700-5770

below it we visit 1.5400 again.

trade safe and always put the SL
  • #318,732
  • Jul 13, 2012 1:19pm Jul 13, 2012 1:19pm
Quoting mab41487
im short @ 5567. target 5275
1.5555

above still long
below clear sign for sell

a higher entry would be better as it would give you a higher profit till that 5555 level.

  • #318,733
  • Jul 13, 2012 1:21pm Jul 13, 2012 1:21pm
Quoting redbeben
EU just about to shoot up

I'm in for a scalp 1.2239 SL 1.2230 tp open

edit-made up my mind 1.2280 TP now I have to run for a swim at the beach.I'll post some pictures coz I might go for a dive
did take the photos...crappy ones as down at the beach there is fog all over...still I shot some nice fish just dunno how to upload them ??
  • #318,734
  • Jul 13, 2012 1:37pm Jul 13, 2012 1:37pm
its seems like alot of people are forgetting london session is over and ny has only a couple hours left. there isnt any liquidity driving this thing anymore i doubt that it would break the days high with such low liquidity.
if we get a 4 hour close back below the 50% fib at 5556 (in 2.5 hours) i dont see why this wouldnt be the top when the market opens on sunday. we have several lows which were support becoming resistance at this level and if it does close below 5556 then the 4 hour candle would close as a hammer. that and stoch on 4hr is overbought. were in a downtrend on the daily and 4 hour and a break of 5577 would mean the trend reverses. the banks are going to want to hold onto the profit ride theyve made from 5577 to 5400...

this thing is gonna drop IMO to the low on 6/1...

but what about the olympics? irrelevant... what about the election in the US... what about the shit going down in Europe.
what about the USD Index.... uptrending and holding support... what about the dax and the other xxx/usd pairs being bear and usd/... pairs going bull? plus were just below the monthly central pivot..

just a thought
  • #318,735
  • Jul 13, 2012 1:58pm Jul 13, 2012 1:58pm
what about the USD Index.... uptrending and holding support... what about the dax and the other xxx/usd pairs being bear and usd/... pairs going bull? plus were just below the monthly central pivot..

just a thought[/quote]

also a close just below the 200 mva
  • #318,736
  • Jul 13, 2012 2:06pm Jul 13, 2012 2:06pm
i dont think it has any intentions of stopping
  • #318,737
  • Jul 13, 2012 2:06pm Jul 13, 2012 2:06pm
Quoting sdcasper
what about the USD Index.... uptrending and holding support... what about the dax and the other xxx/usd pairs being bear and usd/... pairs going bull? plus were just below the monthly central pivot..

just a thought
also a close just below the 200 mva[/quote]

200 mva on what timeframe on which pair, index or gbp
  • #318,738
  • Jul 13, 2012 2:12pm Jul 13, 2012 2:12pm
any idea why pound has shoot up?
  • #318,739
  • Jul 13, 2012 2:14pm Jul 13, 2012 2:14pm
Quoting nAVIN2007
any idea why pound has shoot up?
Fed Lockhart bitching about QE3, I guess
  • #318,740
  • Jul 13, 2012 2:16pm Jul 13, 2012 2:16pm
Quoting Darkforce
Fed Lockhart bitching about QE3, I guess

question of when ..man i have been in this trade far to long..
569 traders viewing now, 6 are registered:
,
Waveskierrob
,
Keepa34
,
Price369
,
luisinho
,
cobblecop