Cable Update (GBPUSD) | Page 16696 | 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)

  • #333,901
  • Jan 16, 2013 7:22am Jan 16, 2013 7:22am
Quoting Ill-b-back
I'm sorry to hear that TT, not to worry mate.

I had my best day taking a one off trade on the Euro last year stealing 200 pips while cut on half a bottle of Bourbon, so don't throw out your alternative state strategy because of 1 bad day brother

Just kidding mate..,
A coin toss and a dare was not part of your indulgence... I'm certain.

But thank you. I have shelved the concept.

All success to you
  • #333,902
  • Jan 16, 2013 7:24am Jan 16, 2013 7:24am
Ok - back to trading.

All moves up on EU and GU at this point - is a retrace to continue.

No longs.

Regards
  • #333,903
  • Jan 16, 2013 7:52am Jan 16, 2013 7:52am
Quoting TauTrader
Ok - back to trading.

All moves up on EU and GU at this point - is a retrace to continue.

No longs.

Regards

seems like bears will have to wait more time imo....
90% of traders use TA, indicators and prediction
  • #333,904
  • Jan 16, 2013 7:54am Jan 16, 2013 7:54am
16.00 gmt still price above 1.60.
i wait action in 6030.....
90% of traders use TA, indicators and prediction
  • #333,905
  • Jan 16, 2013 7:55am Jan 16, 2013 7:55am
Quoting _BBKing_

seems like bears will have to wait more time imo....
On my phone only right now, but I've just thrown an eye across this pair and in particular the Euro and wondering if support is really gone. Seems weird.
Come with me if you want to live....
  • #333,906
  • Jan 16, 2013 7:55am Jan 16, 2013 7:55am
Inserted Video
not euphoria follower
  • #333,907
  • Jan 16, 2013 7:56am Jan 16, 2013 7:56am
Quoting _BBKing_
16.00 gmt still price above 1.60.
i wait action in 6030.....
Numbers NEVER Lie
  • #333,908
  • Jan 16, 2013 7:59am Jan 16, 2013 7:59am
Quoting _BBKing_

seems like bears will have to wait more time imo....
Sir,

Maybe. Bears are still very much present. Any move up is a retrace in my book. So we wait to enter short...

Look for 1.6020 -1.6030 max - it seems like.

I'm building short on EU

Regards
  • #333,909
  • Jan 16, 2013 8:13am Jan 16, 2013 8:13am
Quoting TauTrader
Sir,

Maybe. Bears are still very much present. Any move up is a retrace in my book. So we wait to enter short...

Look for 1.6020 -1.6030 max - it seems like.

I'm building short on EU

Regards
yes, right! ... i'm just being bit cautious
in this actual conditions 6020-27 is an important line for GU.
but most of all.... can we consider actual low enough for a further down move?

i'm looking to short here between 6000 and 6030 with some 30-50SL but will be looking tomorrow if develops a long opportunity at actual low
90% of traders use TA, indicators and prediction
  • #333,910
  • Jan 16, 2013 9:26am Jan 16, 2013 9:26am
I get the feeling that 1.5990 is not the lowest point...

Regards
  • #333,911
  • Jan 16, 2013 9:56am Jan 16, 2013 9:56am
Quoting TauTrader
I get the feeling that 1.5990 is not the lowest point...

Regards
Yes you're right. it's just a start.
Whatever is happening right now has happened before and will happen again.
  • #333,912
  • Jan 16, 2013 10:13am Jan 16, 2013 10:13am
Quoting mnmnmmnnmnmn
Yes you're right. it's just a start.
Mr.MNMNMMNNMNMN

Yip - trend seems to favour the shorties at this point. Keeping a close eye on it. When/if we turn in this proximity - we have a substantial bullish divergence. But I see it around the next .50

Regards
  • #333,913
  • Jan 16, 2013 10:33am Jan 16, 2013 10:33am
OK - taking a little long @ 1.5984

Regards
  • #333,914
  • Jan 16, 2013 10:44am Jan 16, 2013 10:44am
just to show what i mean
this actual low could provide problmes
also if we'll have a repeating pattern....... a move near 1.61 is not to be excluded

daily closing here is quite bearish of course so every upmove will find selling pressure to get again here.
in few words:
i will be looking to short higher to target here again
if price will be here again i will look to possible long setups.
just need to wait and see how price will develop now
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.jpg Size: 73 KB
90% of traders use TA, indicators and prediction
  • #333,915
  • Jan 16, 2013 10:58am Jan 16, 2013 10:58am
Quoting TauTrader
OK - taking a little long @ 1.5984

Regards
Paying now..

Regards
  • #333,916
  • Jan 16, 2013 11:07am Jan 16, 2013 11:07am
Quoting TauTrader
Paying now..

Regards
Still watching the G.

It's sitting right now Fib 3 Support of the daily pivot line. Last line of defense is not likely to be broken the rest of the day...
Whatever is happening right now has happened before and will happen again.
  • #333,917
  • Jan 16, 2013 11:08am Jan 16, 2013 11:08am
Tau,

1.6000 might be a good spot to set up a short. what you think?
Whatever is happening right now has happened before and will happen again.
  • #333,918
  • Edited 11:21am Jan 16, 2013 11:08am | Edited 11:21am
usd lfx d1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd lfx d1 h4 16-01-13.gif Size: 21 KB
Click to Enlarge Name: usd lfx d1 8-8-13.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #333,919
  • Jan 16, 2013 11:13am Jan 16, 2013 11:13am
1.60000 my sensitive spot ....
Whatever is happening right now has happened before and will happen again.
  • #333,920
  • Jan 16, 2013 11:17am Jan 16, 2013 11:17am
Quoting mnmnmmnnmnmn
Tau,

1.6000 might be a good spot to set up a short. what you think?
May I please call you Mr.M -

To be honest - it is all bear at this point... yes, we may see a run up ( traded that and close now). But rather look at 1.6010 and 1.6030 for short.

To drop to 1.5950 - 1.5940 to long.

My humble opinion

Regards
245 traders viewing now, 1 is registered:
Danil99