Cable Update (GBPUSD) | Page 16144 | 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)

  • #322,861
  • Aug 28, 2012 9:03am Aug 28, 2012 9:03am
Quoting bbmac
Is the 4hr hidden divergence true ? To be fair there isn't exactly a strong overall price action (opa) uptrend on the Daily - just a b/o of the recent range hi @ 5774, but that 5909 Hi is at least a fractal HH on that Daily t/f.

G/L
So the big boys were holding it down after all! Well we got the test of the highs and the weekly pivot pretty much straight after.

Some nice confluence with the 4h TL and 200MA on daily (both were at the same point). I would say if we don't get make a new high above the 5909 level that would lead to a 4th test of the lower TL which would be trouble for bulls.

Euro has been a lot easier today though!
Attached Image (click to enlarge)
Click to Enlarge Name: gu4h28aug2012.gif Size: 29 KB
  • #322,862
  • Aug 28, 2012 9:08am Aug 28, 2012 9:08am
Missed the break of my lines (fell asleep) just entered long x3 @ 1.581 and will be expecting to see at least 1.585
Attached Image (click to enlarge)
Click to Enlarge Name: 0827.jpg Size: 118 KB
Money never sleeps...
  • #322,863
  • Aug 28, 2012 9:09am Aug 28, 2012 9:09am
Quoting uksnowman
I would say if we don't get make a new high above the 5909 level that would lead to a 4th test of the lower TL which would be trouble for bulls.

agreed
Money never sleeps...
  • #322,864
  • Aug 28, 2012 9:13am Aug 28, 2012 9:13am
Quoting albchr
It has the EURX but I don't the pound bro. Still checking. Could sware I had that on my desktop two years ago.

u did..it should be there..hopefully thats bullish
  • #322,865
  • Aug 28, 2012 9:16am Aug 28, 2012 9:16am
Quoting inpatient
Missed the break of my lines (fell asleep) just entered long x3 @ 1.581 and will be expecting to see at least 1.585
well you got yourself some nice fast pips there! I had a TP on my long of 5824, should have just trailed it as this looks like it will go higher still but oh well, quick pips are always welcome!
  • #322,866
  • Aug 28, 2012 9:17am Aug 28, 2012 9:17am
by the way, very glad to see Poundtrader again.
Money never sleeps...
  • #322,867
  • Aug 28, 2012 9:19am Aug 28, 2012 9:19am
Quoting uksnowman
well you got yourself some nice fast pips there! I had a TP on my long of 5824, should have just trailed it as this looks like it will go higher still but oh well, quick pips are always welcome!

yes sir, wished i woke up sooner, gonna hold 2 of these to 1.585 and the other two will set the SL at 1.585 after a move off there
Attached Image (click to enlarge)
Click to Enlarge Name: 0827.jpg Size: 122 KB
Money never sleeps...
  • #322,868
  • Aug 28, 2012 9:20am Aug 28, 2012 9:20am
Quoting nAVIN2007
u did..it should be there..hopefully thats bullish
Must have been another paltform bro. It ain't on this one. What a pain!! Maybe it was FX PRO that had it.

Anyway, USD is under pressure but on a pretty good suport right now. I'm short EU and the EUR is at resistance soooo...hopfully...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: usdx week.gif Size: 24 KB
Ghost Rider - WWTBMD?
  • #322,869
  • Aug 28, 2012 9:32am Aug 28, 2012 9:32am
looks like even AU has decided to show up to the party late and try to breakout north, I would love to see a DX chart if anyone has been using one

Edit : Just noticed albchr posted one, thanks a lot makes sense
  • #322,870
  • Aug 28, 2012 9:34am Aug 28, 2012 9:34am
Quoting albchr
Must have been another paltform bro. It ain't on this one. What a pain!! Maybe it was FX PRO that had it.

Anyway, USD is under pressure but on a pretty good suport right now. I'm short EU and the EUR is at resistance soooo...hopfully...LOL

yup its support ..but i reckon it will go..right side is lower than left (wave) so its not a head n shoulder but it will have purpose trying to break the support..

lets see..i dont wish u luck..cause im on the otherside
but otherwise u the man!
  • #322,871
  • Aug 28, 2012 9:35am Aug 28, 2012 9:35am
i think i am gona stop hedging, that shit is annoying. i was long, a minute to the news i decided to protect my profit by hedging...now look at what it has caused me
  • #322,872
  • Aug 28, 2012 9:37am Aug 28, 2012 9:37am
Quoting nAVIN2007
yup its support ..but i reckon it will go..right side is lower than left (wave) so its not a head n shoulder but it will have purpose trying to break the support..

lets see..i dont wish u luck..cause im on the otherside
but otherwise u the man!
agree with albchr.. closing long reverse to short.
  • #322,873
  • Aug 28, 2012 9:39am Aug 28, 2012 9:39am
Quoting mloistianto
agree with albchr.. closing long reverse to short.
it wont work..u will see
  • #322,874
  • Aug 28, 2012 9:42am Aug 28, 2012 9:42am
Yeh it was very much a nice confluence of potential supp/rbs factors including that previous Weekly/Daily/4hr swing hi zone with the 23.6% of 5267-5909, ascending daily t/line etc....good hidden divergence play on the 4hrt with regular bullish div (double seperate valley regular immediate on osma oscillator [grey,] )on t/f's below that - including the 1hr (see below) with a Doji close outside the 20 bol (white) as a trigger on that t/f....nice!

Price testing a previous 1hr swing lo/hi zone at the current daily hi with 50% of the 5909-5703 move thereabouts.

G/L

Quoting uksnowman
So the big boys were holding it down after all! Well we got the test of the highs and the weekly pivot pretty much straight after.

Some nice confluence with the 4h TL and 200MA on daily (both were at the same point). I would say if we don't get make a new high above the 5909 level that would lead to a 4th test of the lower TL which would be trouble for bulls.

Euro has been a lot easier today though!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z.jpg Size: 152 KB
Click to Enlarge Name: z1.jpg Size: 87 KB
ex member
  • #322,875
  • Aug 28, 2012 9:49am Aug 28, 2012 9:49am
Quoting nAVIN2007
it wont work..u will see
Lol the force is strong here..

well for me it depends on your target. basically i only need 20 pips to fulfill this months target. Hopefully this will work..
  • #322,876
  • Aug 28, 2012 9:52am Aug 28, 2012 9:52am
Quoting mloistianto
Lol the force is strong here..

well for me it depends on your target. basically i only need 20 pips to fulfill this months target. Hopefully this will work..

i think u good..but u have to question breaking the previous dailly high after breaking the low, reversal??

no doubt u have target the round number 1.58
  • #322,877
  • Aug 28, 2012 9:56am Aug 28, 2012 9:56am
Quoting nAVIN2007
i think u good..but u have to question breaking the previous dailly high after breaking the low, reversal??

no doubt u have target the round number 1.58
aww crap.. sorry wrong thread.. LOL.. im shorting EU, Not GU. Sorry.

as for overall trend. no doubt its bullish. i will not question that.
  • #322,878
  • Aug 28, 2012 9:56am Aug 28, 2012 9:56am
Quoting nAVIN2007
yup its support ..but i reckon it will go..right side is lower than left (wave) so its not a head n shoulder but it will have purpose trying to break the support..

lets see..i dont wish u luck..cause im on the otherside
but otherwise u the man!
Naaa...you're holding cable...I'm on EU...
Ghost Rider - WWTBMD?
  • #322,879
  • Aug 28, 2012 9:57am Aug 28, 2012 9:57am
Quoting mloistianto
aww crap.. sorry wrong thread.. LOL.. im shorting EU, Not GU. Sorry.
  • #322,880
  • Aug 28, 2012 9:58am Aug 28, 2012 9:58am
Quoting mloistianto
Lol the force is strong here..

well for me it depends on your target. basically i only need 20 pips to fulfill this months target. Hopefully this will work..

i see this testing the 1.59 high of last week over the next few days, i am long, then i am short when the hopes of QE3 are dampened on Friday
Money never sleeps...
315 traders viewing now, 3 are registered:
,
,
Atadin