Cable Update (GBPUSD) | Page 15970 | 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)

  • #319,381
  • Jul 23, 2012 3:37am Jul 23, 2012 3:37am
4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdtoday.JPG Size: 57 KB
  • #319,382
  • Jul 23, 2012 3:43am Jul 23, 2012 3:43am
I'm in 1.5524 TP 1.5600 and from 1.5615 sell again to 1.5280

shorts from 1.5715 still open SL @1.5565
  • #319,383
  • Jul 23, 2012 4:12am Jul 23, 2012 4:12am
some demand then in the previous 4hr/1hr swing lo zone down to 5515, confluence with 61.8% of main 5392-5736 move.

How strong are the bears ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1048 pot 4hr & 1hr supp zone.jpg Size: 110 KB
ex member
  • #319,384
  • Jul 23, 2012 4:21am Jul 23, 2012 4:21am
Quoting bbmac
some demand then in the previous 4hr/1hr swing lo zone down to 5515, confluence with 61.8% of main 5392-5736 move.

How strong are the bears ?

G/L
if we close 1H above 1.5550 we head to 1.5615 then down again.

if not,I think we'll head down as soon as EU hits the sellers @ 1.2140-50 and heads to the option barrier @ 1.2050 so,GU might drop 100 pips to 1.5455 and maybe by the end of this day as yanks might pick up moment.
  • #319,385
  • Edited 4:58am Jul 23, 2012 4:37am | Edited 4:58am
Quoting bbmac
some demand then in the previous 4hr/1hr swing lo zone down to 5515, confluence with 61.8% of main 5392-5736 move.

How strong are the bears ?

G/L
They do have some backup on the 30 min charts--
Daily Range already @96% -

Will be looking for Shorts in Supply zones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: intraday-map.gif Size: 31 KB
Click to Enlarge Name: intraday2-map.jpg Size: 84 KB
Click to Enlarge Name: intraday3-map.gif Size: 23 KB
  • #319,386
  • Jul 23, 2012 5:01am Jul 23, 2012 5:01am
perfect sell on M5

1.5485 if we pass 1.5515 as in 61.8% fibo and trendline
  • #319,387
  • Jul 23, 2012 5:03am Jul 23, 2012 5:03am
Quoting redbeben
perfect sell on M5

1.5485 if we pass 1.5515 as in 61.8% fibo and trendline
Yeah I'm short cable, expecting 1.5520 to break
  • #319,388
  • Jul 23, 2012 5:35am Jul 23, 2012 5:35am
Quoting redbeben
perfect sell on M5

1.5485 if we pass 1.5515 as in 61.8% fibo and trendline
  • #319,389
  • Jul 23, 2012 5:40am Jul 23, 2012 5:40am
some good trades today, im in

aud/nzd sell open order
gbp/usd sell tp @ 1.54915
  • #319,390
  • Jul 23, 2012 5:48am Jul 23, 2012 5:48am
Quoting redbeben
perfect sell on M5

1.5485 if we pass 1.5515 as in 61.8% fibo and trendline
30 pips scaled out rest @ BE

long term short from 1.5715 still in play just moved SL @ 1.5540 now
  • #319,391
  • Jul 23, 2012 5:51am Jul 23, 2012 5:51am
mmm million $ question that


Quoting bbmac
some demand then in the previous 4hr/1hr swing lo zone down to 5515, confluence with 61.8% of main 5392-5736 move.

How strong are the bears ?

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #319,392
  • Jul 23, 2012 5:52am Jul 23, 2012 5:52am
1.5460-65 might hold as important S but if that one fails we see fast 1.5404 if you remember 2 weeks ago the important level I was talking about.

but,the longer a S level is tested the more time it gives the option traders to unload the longs and BE the trades so this time it might smash it and drop to 1.535X or 1.5280

EU might go to 1.18 acc to all the bad news about Italy and Spain

it's the end of the world I tell you ..still use a tight SL and manage your trades with a clear head.
  • #319,393
  • Jul 23, 2012 6:59am Jul 23, 2012 6:59am
already under 1.5500..takin some profit 1.5498 and leaving smaller run ( SL 1.5565 )

Quoting eqshack
this strength wont last long..I think today/tomorrow we goin to see 1.5400 short from 1.5704 SL BE
lets see what kinda data comes out ( AUD
PPI q/q ) it might give it push down if it comes negative
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #319,394
  • Jul 23, 2012 7:11am Jul 23, 2012 7:11am
pretty soon we might have a perfect sell on EU M30...this will take it to 1.1937 level and drag GU with it.
I'll sell again @ 1.2100-05
  • #319,395
  • Jul 23, 2012 7:28am Jul 23, 2012 7:28am
Quoting redbeben
pretty soon we might have a perfect sell on EU M30...this will take it to 1.1937 level and drag GU with it.
I'll sell again @ 1.2100-05
and...sold 1.2103

if we stay below this level then we're going to 1.2075 again and 1.2050 heavily defended .

when that one bursts 1.2010 will be next target as 1.2000 is more than well protected(psycho level as well)

1.1960 would be my next stop on this one but I reckon I'll chicken out and scale and move SL @ BE as soon as possible
  • #319,396
  • Jul 23, 2012 7:38am Jul 23, 2012 7:38am
and now with chart
Attached Image (click to enlarge)
Click to Enlarge Name: soldeuro.gif Size: 51 KB
  • #319,397
  • Jul 23, 2012 7:41am Jul 23, 2012 7:41am
Very impressive Defensive Line ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: intraday4-map.gif Size: 26 KB
Click to Enlarge Name: intraday5-map.gif Size: 30 KB
  • #319,398
  • Jul 23, 2012 8:09am Jul 23, 2012 8:09am
Quoting redbeben
and...sold 1.2103

if we stay below this level then we're going to 1.2075 again and 1.2050 heavily defended .

when that one bursts 1.2010 will be next target as 1.2000 is more than well protected(psycho level as well)

1.1960 would be my next stop on this one but I reckon I'll chicken out and scale and move SL @ BE as soon as possible
I would say it is a bit slow on the down speed...

Joe
  • #319,399
  • Jul 23, 2012 9:38am Jul 23, 2012 9:38am
Quoting Forex-Joe
I would say it is a bit slow on the down speed...

Joe
1.2066 is next leg down....if we don't go higher ..or at least this is what I see on M5
  • #319,400
  • Jul 23, 2012 10:26am Jul 23, 2012 10:26am
Hello fellow traders......

I am back from my week away (visiting family down in Windsor) - back to the normal home office setup.

Hope all had good trades today - I was up last night late watching the disater come crashing down.......and today traded NASDAQ, Crude Oil, and British Pound......posting results. If anyone is interested I will post charts of trade entries and exits.....

Cheers,

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: welcome to the jungle.png Size: 119 KB
I don't trust any move - when you have profit...take it.
190 traders viewing now, 3 are registered:
Olu
,
,
Gbpusdfreakk