Cable Update (GBPUSD) | Page 16181 | 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)

  • #323,601
  • Sep 5, 2012 8:24am Sep 5, 2012 8:24am
Quoting Brocklesnar
Closed @ BE
perfect mate,

I hope it won't raise now and swear at me

just have in mind that a close above 1.5900-5906 will push it higher as this is the 61.8 fibo tested 2-3 times already


below it we can see lower again.....we might even call it triple top and 1.5760-40 is in play

a close below we go to 1.5490

better sideline but each trader with it's own trading decisions
  • #323,602
  • Sep 5, 2012 8:27am Sep 5, 2012 8:27am
Quoting Mossy68
I do see that, but my monthly is saying down to 1.5400 level 1st, then a bounce back up to 1.600
I hope you're unscathed by this move up.... its all in the charts... ive shown that theres no resistance left until 1.61xx area
as i wrote here...
http://www.forexfactory.com/showthre...64#post5986064

Anyways heres the chart again for you fellas interested...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 21 KB


PS, my Short on the EURUSD is ABSOLUTELY PERFECT.... low of today with my broker on EURUSD is 1.2499 LOL just 1 pip below my 1.2500 1st target
http://www.forexfactory.com/showthre...88#post5975988
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,603
  • Sep 5, 2012 8:28am Sep 5, 2012 8:28am
Quoting redbeben
Hi there

I'm out mate

already said I will manually TP

took 6 pips and ran away never to look back.

the rest is protected by SL @ + pips
this doesn't seem like a quick move to take out stops before dropping but was wrong on that last week.. one concern for long is the last hourly candle had a lot of volume (that and I despise the NY session!)
  • #323,604
  • Sep 5, 2012 8:30am Sep 5, 2012 8:30am
Quoting bguguen
I hope you're unscathed by this move up.... its all in the charts... ive shown that theres no resistance left until 1.61xx area
as i wrote here...
http://www.forexfactory.com/showthre...64#post5986064

Anyways heres the chart again for you fellas interested...
Attachment

PS, my Short on the EURUSD is ABSOLUTELY PERFECT.... low of today with my broker on EURUSD is 1.2499 LOL just 1 pip below my 1.2500 1st target
http://www.forexfactory.com/showthre...88#post5975988

weekly ? really you trade on weekly ?

what about 61.8% that was not left behind(on your first post) so there was still a R to be tested
  • #323,605
  • Sep 5, 2012 8:31am Sep 5, 2012 8:31am
Quoting bguguen
I hope you're unscathed by this move up.... its all in the charts... ive shown that theres no resistance left until 1.61xx area
as i wrote here...
http://www.forexfactory.com/showthre...64#post5986064

Anyways heres the chart again for you fellas interested...
Attachment

PS, my Short on the EURUSD is ABSOLUTELY PERFECT.... low of today with my broker on EURUSD is 1.2499 LOL just 1 pip below my 1.2500 1st target
http://www.forexfactory.com/showthre...88#post5975988
I checked my charts once again, and I can see the uptrend to around 1.6100 as you say, but yesterday I printed my Monthly Chart off, and it looked like it was heading towards 1.5400 level (maybe it still will eventually).

I was doing ok today with around 10 scalps or more in my favour, then got hit on GU and Oil, but im still short here for a few pips, at the moment in profit, but not for long now the US market has opened.

Thanks Anyway...
  • #323,606
  • Sep 5, 2012 8:33am Sep 5, 2012 8:33am
Quoting uksnowman
this doesn't seem like a quick move to take out stops before dropping but was wrong on that last week.. one concern for long is the last hourly candle had a lot of volume (that and I despise the NY session!)
no idea.
I know EU went up due to news and GU followed

EU news not that good at the end so GU dropped 30 pips...

I do not chase waterfalls

indies only above 1.5900-06 we are bull to 1.5940-60 first

below we see 1.5877 and below 1.5864 and 1.5842 and we might continue to 1.5740

or we might see 1.5990 by the end of the day....so far nothing real happening.

as first short target keep in mind 1.5877-80 in case you want to trade
  • #323,607
  • Sep 5, 2012 8:34am Sep 5, 2012 8:34am
Quoting redbeben
weekly ? really you trade on weekly ?

what about 61.8% that was not left behind(on your first post) so there was still a R to be tested
actually 61.8% is not my fib level....

my potential trade zones are between 78.2% to 50%, plotted on a weekly chart but trade execution based on daily and h4
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,608
  • Sep 5, 2012 8:36am Sep 5, 2012 8:36am
UCAD about to give me a buy signal

a good one

0.9920 as first TP and 0.9944 second one

third one 0.9960 and if we close above we go 1.0120

hey,I think I already posted this...

I'm getting old
  • #323,609
  • Sep 5, 2012 8:38am Sep 5, 2012 8:38am
Quoting bguguen
actually 61.8% is not my fib level....

my potential trade zones are between 78.2% to 50%, plotted on a weekly chart but trade execution based on daily and h4
thanks for the exp.

I was just curious
  • #323,610
  • Sep 5, 2012 8:40am Sep 5, 2012 8:40am
Quoting redbeben
UCAD about to give me a buy signal

a good one

0.9920 as first TP and 0.9944 second one

third one 0.9960 and if we close above we go 1.0120

hey,I think I already posted this...

I'm getting old

thanks for reminder I had the same buy signal but hadn't checked the chart.. nice one!! (will make do with 09907 first target)
  • #323,611
  • Sep 5, 2012 8:40am Sep 5, 2012 8:40am
it will visit 1.5881 first....
Spike because of
http://www.fxstreet.com/news/forex-n...5-a3d6b89a46cc

Unconfirmed information lead the cable moving up....what a crazy day
  • #323,612
  • Sep 5, 2012 8:42am Sep 5, 2012 8:42am
Quoting Red Alert
it will visit 1.5881 first....
Spike because of
http://www.fxstreet.com/news/forex-n...5-a3d6b89a46cc

Unconfirmed information lead the cable moving up....what a crazy day

this is just the begining of it
  • #323,613
  • Sep 5, 2012 8:42am Sep 5, 2012 8:42am
Quoting redbeben
thanks for the exp.

I was just curious
Anyways here you go.....
heres my chart on weekly if we plot fib you can see if fib wise 61.8 is already being tested at 1.5905, if we close today above it 72.8% which is 1.6075 on charts, and i expect a wicky reaction as we approach 1.6075, possibly a 20-30 pips wick up on a daily before a reversal, it always happens that way.... and i would bet that the wick would hit the Weekly 200 EMA of which right now its at 1.6195 but by the time we test 72.8% itll probably catch up down around 1.6100-1.6120
Also note the top right corner... looking very bullish signals indeed....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 23 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,614
  • Sep 5, 2012 8:43am Sep 5, 2012 8:43am
Quoting uksnowman
thanks for reminder I had the same buy signal but hadn't checked the chart.. nice one!!
can you post a chart please ?

mine still did not give me the signal yet

waiting for retrace to buy

if not I will long after 0.9960 brake and retrace

I am not chasing market
  • #323,615
  • Sep 5, 2012 8:52am Sep 5, 2012 8:52am
Quoting redbeben
this is just the begining of it
Hi mate, my daily TF said it will down to 1.56xx or 5.570x, but we know the news messed the technical lately......

maybe we will have info leaks from US side....
  • #323,616
  • Sep 5, 2012 8:52am Sep 5, 2012 8:52am
Quoting redbeben
UCAD about to give me a buy signal

a good one

0.9920 as first TP and 0.9944 second one

third one 0.9960 and if we close above we go 1.0120

hey,I think I already posted this...

I'm getting old
a good entry to 0.9890-83 would be a good entry with tight SL 0.9875 for a good RR

still my signal to complete
  • #323,617
  • Sep 5, 2012 8:53am Sep 5, 2012 8:53am
Quoting redbeben
can you post a chart please ?

mine still did not give me the signal yet

waiting for retrace to buy

if not I will long after 0.9960 brake and retrace

I am not chasing market
sure, here you go

took a cheeky long on EU too 1.5289, retrace to 38%fib of last large candle (quite common after large bullish move on the hourlies)
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad05sep2012.gif Size: 39 KB
  • #323,618
  • Sep 5, 2012 8:57am Sep 5, 2012 8:57am
Quoting Red Alert
Hi mate, my daily TF said it will down to 1.56xx or 5.570x, but we know the news messed the technical lately......

maybe we will have info leaks from US side....
I ment beginning of stupid rumours moving market

the short targets ...no idea...apart from the stated ones
  • #323,619
  • Sep 5, 2012 9:00am Sep 5, 2012 9:00am
Quoting uksnowman
sure, here you go

took a cheeky long on EU too 1.5289, retrace to 38%fib of last large candle (quite common after large bullish move on the hourlies)
here's my chart

unless I have the bullcross I will not trade it

and for the cross we either shoot up or we retrace to 9890-83
Attached Image (click to enlarge)
Click to Enlarge Name: buyucad5.gif Size: 58 KB
  • #323,620
  • Sep 5, 2012 9:03am Sep 5, 2012 9:03am
Quoting redbeben
I ment beginning of stupid rumours moving market

the short targets ...no idea...apart from the stated ones
yes, expectation and perception, don't care about the truth or reality....so...that's why people trade the rumour ...
439 traders viewing now