Cable Update (GBPUSD) | Page 16130 | 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)

  • #322,581
  • Aug 24, 2012 2:01am Aug 24, 2012 2:01am
Quoting fontu
ok, daily wants a pause but weekly readying for next action , 5763 pullback there may to set fire next. lets see.
fontu

I cannot see that happening unless the direction is down..

i feel the daily bear will fail..
euro ..looks good
gold good as well
oil..i havent looked at but i bet its bullish
usd is on a major trendline..if it goes then we go up
  • #322,582
  • Aug 24, 2012 2:04am Aug 24, 2012 2:04am
Quoting Ill-b-back
This reminds me of my primary school days in the late 70's, early 80's when teachers were allowed to man handle you in class and cane you.
My best friend and I were always competing with each other on who could solve the Rubiks Cube puzzle the fastest. My mate nearly always won and it was annoying me.
One day we were solving our Cubes in class and he beat me again. He starting tapping the cube on his desk and looking at me in a very smug way.
I threw my cube at him which hit his face and told him to F#%k off.

The teacher brought me to his desk...
yes, right.

and surely market moves, news, etc.... don't help us!
90% of traders use TA, indicators and prediction
  • #322,583
  • Aug 24, 2012 2:13am Aug 24, 2012 2:13am
Quoting _BBKing_
yes, right.

and surely market moves, news, etc.... don't help us!


??
Come with me if you want to live....
  • #322,584
  • Aug 24, 2012 2:14am Aug 24, 2012 2:14am
did anyone notice there is GDP data in 1h and a half?
lol joking.

i would like to see it breakes below 5830-40
if price wants to go up later, once or the other should take care about 5800-10.

problem is to open short here 5850-60
90% of traders use TA, indicators and prediction
  • #322,585
  • Aug 24, 2012 2:15am Aug 24, 2012 2:15am
Quoting Ill-b-back
[/b]

??
i mean that market gives a lot of stress.
at least to me.
recently was a good market ok.
but sometimes i feel like
90% of traders use TA, indicators and prediction
  • #322,586
  • Aug 24, 2012 2:16am Aug 24, 2012 2:16am
It's a little risky, but it's small
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade209if.gif Size: 15 KB
Come with me if you want to live....
  • #322,587
  • Aug 24, 2012 2:18am Aug 24, 2012 2:18am
Quoting _BBKing_
i mean that market gives a lot of stress.
at least to me.
recently was a good market ok.
but sometimes i feel like
Oh yeah, I see what you mean.
I'm glad I wasn't trading in Primary school, I would have probably killed someone back then
Come with me if you want to live....
  • #322,588
  • Aug 24, 2012 2:28am Aug 24, 2012 2:28am
Quoting Ill-b-back
Oh yeah, I see what you mean.
I'm glad I wasn't trading in Primary school, I would have probably killed someone back then
ahahh
well, recently i just discovered the importance of feeling well when trading.
when nervous, stressed, angry, or have a lot of other things to do, i close charts and leave till next day.

there are 2 big monsters to challenge with, when trading:
1. the bias monster
2. the fear monster

90% of traders use TA, indicators and prediction
  • #322,589
  • Aug 24, 2012 2:29am Aug 24, 2012 2:29am
btw...
i decided an order long near 5800
with large sl 120p.

unless gdp comes out -4%, i should be ok.
lol

let's see
90% of traders use TA, indicators and prediction
  • #322,590
  • Aug 24, 2012 2:34am Aug 24, 2012 2:34am
Quoting _BBKing_
ahahh
well, recently i just discovered the importance of feeling well when trading.
when nervous, stressed, angry, or have a lot of other things to do, i close charts and leave till next day.

there are 2 big monsters to challenge with, when trading:
1. the bias monster
2. the fear monster

Yep, I agree, it can get away from us all quite quickly.
I've dropped my short hedges today, I pray we don't collapse today/next week
If it does, that will be my exit call from this madness called FOREX!!!
Come with me if you want to live....
  • #322,591
  • Aug 24, 2012 2:36am Aug 24, 2012 2:36am
G/M

Price remains off the recent 5909 hi (around 61.8% 6300-5267) with yesterday's daily candle printing an inverted hammer -bearish body. A rally attempt off 5860 failed at 5890 and more downside to the current pullback lo of 5849 from there. (this the steepest ascending 1hr t/line)

1hr/4hr still in a general opa uptrend but 1hr looking less so atm.

Uk Gdp revision at 0930am London, with any change to the prelim of -0.7% awaited. Could cause a flutter ! lol

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 66 KB
ex member
  • #322,592
  • Aug 24, 2012 2:46am Aug 24, 2012 2:46am
Quoting Ill-b-back
Yep, I agree, it can get away from us all quite quickly.
I've dropped my short hedges today, I pray we don't collapse today/next week
If it does, that will be my exit call from this madness called FOREX!!!

It's reversing.
  • #322,593
  • Aug 24, 2012 2:46am Aug 24, 2012 2:46am
Quoting nAVIN2007
I cannot see that happening unless the direction is down..

i feel the daily bear will fail..
euro ..looks good
gold good as well
oil..i havent looked at but i bet its bullish
usd is on a major trendline..if it goes then we go up
Ok, direction now ( very temporary possible ) only up as got already the life for both ,that is not need the down still to play some also ,pb. let it range today before the decision next week.think so .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #322,594
  • Aug 24, 2012 2:50am Aug 24, 2012 2:50am
Quoting Mpt
It's reversing.
Whooaa easy tiger!!

On H4 trend. it can go to 1.575 and still be a Higher Low and still respecting upward channel so we need to see if it will drop below that before we can call it a reversal. I can see 1.579 - 1.58 so far but as we know, all that can change in a flash.....
  • #322,595
  • Aug 24, 2012 2:52am Aug 24, 2012 2:52am
Quoting TauTrader
Hoping for 1.5840 as first target. May then target 1.5810, depending on TA at that time.

Regards
Locked in some - going to hold to attempt 1.5810

Regards
  • #322,596
  • Aug 24, 2012 2:53am Aug 24, 2012 2:53am
50. Fib 5842 once broken next target
38.2 Fib 5825
I will close my shorts at 5800 roughly fib 23.6
In trading, you have to be defensive and aggressive at the same time
  • #322,597
  • Aug 24, 2012 3:02am Aug 24, 2012 3:02am
Quoting Mpt
It's reversing.
Yes no doubt.
I am long, so that was always going to be the next logical market move

My positions and account are very small and can ride out quite a bit of drawdown.

I'm just working on something (longer term trade method) and this account is my Guinea Pig.
Come with me if you want to live....
  • #322,598
  • Aug 24, 2012 3:05am Aug 24, 2012 3:05am
The BIG wave is near
  • #322,599
  • Aug 24, 2012 3:08am Aug 24, 2012 3:08am
Quote:

"Eurozone PMI data was a mixed bag as manufacturing PMIs contracted at a slower pace while the services PMIs of France, Germany and the Eurozone saw a sharper contraction. Longer-term 10-year Spanish debt saw yields jump by over 2% as credit weakness extended to the equity markets. The Italian MIB was hit the hardest, diving -1.37% as the German DAX and EuroStoxx 50 fell by -0.97% and 0.96% a piece. The UK FTSE 100 outperformed peers, rising 0.04%. There is still no news about a formal bailout request from either Spain or Italy, which is keeping EURUSD buoyed at 1.2560. However, Angela Merkel and Francois Hollande will be looking to highlight their commonalties in the fight to end the crisis ahead of today's meeting with Greek Prime Minister Samaras.

After reaching multi-month highs, Asian equity indices are pulling back as slower growth in China and the U.S. warrant a second look at the value of stocks, especially exporters. Weaker U.S. jobs data and lackluster new home sales figures failed to offset St. Louis Fed President Bullard's hawkish comments towards further quantitative easing. Equity indices are led lower by the -1.11% slide in the Hong Kong Hang Seng Index followed by a -1.10% drop in the Nikkei. The Australian ASX is notably lower, falling -0.82%. Even in Nikkei weakness, the Yen, which typically has shown inverse correlation in recent months, is weakening with USDJPY rising 0.17% to 78.620. BoJ Governor Shirakawa is slated to speak early in the European session. The energy complex meanwhile dove lower with crude recording losses of -0.51%, trading at $95.78 per barrel.

Contradictory statements from Fed Presidents muddled market sentiment as the energy complex fell while precious metals rose yesterday, extending gains. Equities remained weak, as although beating expectations on paper, the headline new home sales figures showed greater weakness than expected. Initial jobless claims data also sat at month highs of over 372,000. Equity weakness from Europe continued in the American session with the Dow Jones declining -0.88% and the S&P 500 decreasing -0.81%. The Nasdaq dropped a more moderated -0.66%. Gold specifically jumped to multi-month highs, briefly closing above the $1670 handle before retracing to $1669.40. Today will see durable goods orders data, serving as a strong indication of business investment and purchases of longer duration assets."

Regards
  • #322,600
  • Aug 24, 2012 3:09am Aug 24, 2012 3:09am
Quoting fontu
Ok, direction now ( very temporary possible ) only up as got already the life for both ,that is not need the down still to play some also ,pb. let it range today before the decision next week.think so .
fontu

well it aint looking good for me..i wont lie

tau making the market move
1,469 traders viewing now, 1 is registered:
Waveskierrob