Cable Update (GBPUSD) | Page 16543 | 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)

  • #330,841
  • Nov 26, 2012 6:54am Nov 26, 2012 6:54am
just went long gbp..
banking that tucker will be the new governor.. he's known to be a bit hawkish so news should give cable a boost..

we shall see.. just a small bet
  • #330,842
  • Nov 26, 2012 7:17am Nov 26, 2012 7:17am
Quoting fxtyrant
the EURGBP bit is what mind boggles the fuck out of me.... and i thought UK being part of the EU benefiting free trade with the Eurozone currency SHOULD MEAN a 1 to 1 exchange....
Maybe the whole Freetrade is not as free as we though
from here .... i see a lot of uptrend to come in this cross.
maybe parity still far but, who knows
whatever they will find out to move this price up, they will certainly do.
imo UK is being damaged by this insane exchange rate!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4_Chart_EUR_GBP_Weekly_snapshot.jpg Size: 59 KB
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.jpg Size: 69 KB
90% of traders use TA, indicators and prediction
  • #330,843
  • Nov 26, 2012 7:46am Nov 26, 2012 7:46am
but for the moment...
still problems on Egbp around .81



this could mean possible correction down.
8070-80 is weekly pivot area.
90% of traders use TA, indicators and prediction
  • #330,844
  • Nov 26, 2012 7:56am Nov 26, 2012 7:56am
Quoting Typeface
Well, it is the big figure, after all. More importantly, perhaps, it is a lower low for the day, which suggests, as you say, that it's just a bounce. Will be interesting to see how high. 16030 may just be possible...
I guess it was.

Short from 16029.
  • #330,845
  • Nov 26, 2012 8:16am Nov 26, 2012 8:16am
Quoting Typeface
I guess it was.

Short from 16029.
And out for a quick 22-pip scalp - don't know what the price effect of the new BoE Gov appointment will be (beyond this quick slump).
  • #330,846
  • Nov 26, 2012 9:08am Nov 26, 2012 9:08am
Quoting Typeface
And out for a quick 22-pip scalp - don't know what the price effect of the new BoE Gov appointment will be (beyond this quick slump).
that's really quick mate, i think i would like to short at 6030, already shorting aussie, kiwi and fiber.

just hope to get better price on cable..
  • #330,847
  • Nov 26, 2012 10:13am Nov 26, 2012 10:13am
Quoting A-speculator
that's really quick mate, i think i would like to short at 6030, already shorting aussie, kiwi and fiber.

just hope to get better price on cable..
Yeah, I was quick - chicken, really. Too many random movements recently - just thought I'd bank it.

I think I can see a sort of H&S forming (we're just forming the right shoulder now), in which case we may go up to 1.63. Otherwise, my expectation of a fall to 1.575 stands.

Either way, I'm betting on a bit of indecisive ranging for the next few days, bounded by the 61.8 and 38.2 fibs of November's down move, and awaiting a breakout of either. Hopefully, we'll both get a shot at 6050, and any bulls might try from 5980-6000. I might try both!

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: 121126 GU.png Size: 28 KB
  • #330,848
  • Nov 26, 2012 10:33am Nov 26, 2012 10:33am
Quoting Typeface
Yeah, I was quick - chicken, really. Too many random movements recently - just thought I'd bank it.

I think I can see a sort of H&S forming (we're just forming the right shoulder now), in which case we may go up to 1.63. Otherwise, my expectation of a fall to 1.575 stands.

Either way, I'm betting on a bit of indecisive ranging for the next few days, bounded by the 61.8 and 38.2 fibs of November's down move, and awaiting a breakout of either. Hopefully, we'll both get a shot at 6050, and any bulls might try from 5980-6000. I might try both!

Good...
too soon to say the price has turned down.. but there's other pairs that indicate this upmove (short term at least) is nearly coming to an end. by how far? that will be judge by how much is the momentum..

so, this will be an early bird position, so sizing to that position will be minimal.
  • #330,849
  • Nov 26, 2012 10:57am Nov 26, 2012 10:57am
Well I've been short on cable since the last week but apparently time has proven me wrong so i'll just hold to my previous positions and see where it goes.
But from the looks of things fundamentally, I dont see a 1.630 coming anytime soon.
  • #330,850
  • Nov 26, 2012 11:07am Nov 26, 2012 11:07am
Quoting fataljack
Well I've been short on cable since the last week but apparently time has proven me wrong so i'll just hold to my previous positions and see where it goes.
But from the looks of things fundamentally, I dont see a 1.630 coming anytime soon.
Don't Speculate, Follow.
Numbers NEVER Lie
  • #330,851
  • Nov 26, 2012 11:25am Nov 26, 2012 11:25am
Quoting fataljack
Well I've been short on cable since the last week but apparently time has proven me wrong so i'll just hold to my previous positions and see where it goes.
But from the looks of things fundamentally, I dont see a 1.630 coming anytime soon.
and you say that based on?...
  • #330,852
  • Nov 26, 2012 12:07pm Nov 26, 2012 12:07pm
Quoting A-speculator
that's really quick mate, i think i would like to short at 6030, already shorting aussie, kiwi and fiber.

just hope to get better price on cable..
Hi Specs.

Are you looking for much on these?
On the daily, it looks like Aussie is building off support (area under bottom daily candle) and 1.6 maybe support on cable?
Come with me if you want to live....
  • #330,853
  • Nov 26, 2012 12:28pm Nov 26, 2012 12:28pm
Quoting Typeface
Yeah, I was quick - chicken, really. Too many random movements recently - just thought I'd bank it.

I think I can see a sort of H&S forming (we're just forming the right shoulder now), in which case we may go up to 1.63. Otherwise, my expectation of a fall to 1.575 stands.

Either way, I'm betting on a bit of indecisive ranging for the next few days, bounded by the 61.8 and 38.2 fibs of November's down move, and awaiting a breakout of either. Hopefully, we'll both get a shot at 6050, and any bulls might try from 5980-6000. I might try both!

Good...
Nice logical chart mate
That bullish H&S forming looks dangerously profitable.
Come with me if you want to live....
  • #330,854
  • Nov 26, 2012 1:05pm Nov 26, 2012 1:05pm
Quoting Ill-b-back
Hi Specs.

Are you looking for much on these?
On the daily, it looks like Aussie is building off support (area under bottom daily candle) and 1.6 maybe support on cable?
yups i see that mate, just a test position, no biggie yet.. the highest on aussie i expect the price to go is at about 0480, so not that large DD.. shorted the pair since market open and now price back to my entry price..

on how much i'm looking for this, not that much.. about 60pips ~the support at 0400.. if that breaks, different story.. then only i would plan for sizeble position.. cluster at about 0370, well see how PA goes then..
  • #330,855
  • Nov 26, 2012 1:10pm Nov 26, 2012 1:10pm
Quoting A-speculator
yups i see that mate, just a test position, no biggie yet.. the highest on aussie i expect the price to go is at about 0480, so not that large DD.. shorted the pair since market open and now price back to my entry price..
I thought Euro might have moved more south off this resistance though to be honest.

Here's my cable with red being another possible buy zone on broken TL retest depending on PA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: christmas trade2691if.gif Size: 16 KB
Click to Enlarge Name: christmas trade2692if.gif Size: 15 KB
Click to Enlarge Name: christmas trade2693if.gif Size: 14 KB
Come with me if you want to live....
  • #330,856
  • Nov 26, 2012 1:16pm Nov 26, 2012 1:16pm
This weekly has me (overall) bullish for the near term this week (ascending monthly TL not shown).

See you Specs, off to work
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade2693if.gif Size: 15 KB
Come with me if you want to live....
  • #330,857
  • Nov 26, 2012 1:20pm Nov 26, 2012 1:20pm
Quoting Ill-b-back
I thought Euro might have moved more south off this resistance though to be honest.

Here's my cable with red being another possible buy zone on broken TL retest depending on PA.
i'm not interested in cable yet, but i think 6025-6030 (area of consolidation in 4h) might turn things around... regarding fiber, i shorted at 2970, didn't expect it to go beyond 1.3, i think you might have guessed where my SL then.. lol.
  • #330,858
  • Nov 26, 2012 1:22pm Nov 26, 2012 1:22pm
Quoting Ill-b-back
This weekly has me (overall) bullish for the near term this week (ascending monthly TL not shown).

See you Specs, off to work
it bullish near term i think but still no valid confirmation just yet as you can see we are in a quite a large range (~5300 - ~6300).. no breakout to either side yet, so take extra precaution to swing position, imho.
  • #330,859
  • Nov 26, 2012 2:06pm Nov 26, 2012 2:06pm
Quoting Ill-b-back
This weekly has me (overall) bullish for the near term this week (ascending monthly TL not shown).

See you Specs, off to work

today was pain in a but managed to make some pips but still
how are you doing, I do expect some retracement 1.5950 (70-80) at least to go up
Loosening is not an option
  • #330,860
  • Nov 26, 2012 2:15pm Nov 26, 2012 2:15pm
Quoting Ill-b-back
This weekly has me (overall) bullish for the near term this week (ascending monthly TL not shown).

See you Specs, off to work
been in since 5949 and i think you are right....i hope hope i see 6100 in a few days or weeks.
Anything can happen in FOREX. There's no 100% sure
539 traders viewing now, 1 is registered:
bosti