Cable Update (GBPUSD) | Page 16727 | 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)

  • #334,521
  • Jan 23, 2013 8:21am Jan 23, 2013 8:21am
one could take a short here on hopes this does pan out to be a flag.

Its of course riskier than waiting for the break of either top of bottom of the flag.
  • #334,522
  • Jan 23, 2013 8:24am Jan 23, 2013 8:24am
Quoting Scorpion786
Markets this week have been testing my patience it's so boring feel like just jumping in somewhere just to get a reaction. But best waiting for now
Sh*t Happens when Price is caught between Supply & Demand ..
I may have underestimated the 1 hr Supply , that SOB has Tiger Blood ...
Either way , I'll be looking(For weakness) to SELL on one of the Supply levels Preferably the 4 hr level ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mymap.gif Size: 26 KB
Click to Enlarge Name: mymap2.gif Size: 24 KB
  • #334,523
  • Jan 23, 2013 8:29am Jan 23, 2013 8:29am
In the meantime theres still nice range playing opportunites here.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_270 Jan. 23 09.27.jpg Size: 129 KB
  • #334,524
  • Jan 23, 2013 8:46am Jan 23, 2013 8:46am
Quoting taomql4
Sh*t Happens when Price is caught between Supply & Demand ..
I may have underestimated the 1 hr Supply , that SOB has Tiger Blood ...
Either way , I'll be looking(For weakness) to SELL on one of the Supply levels Preferably the 4 hr level ...
Agreed. That's what I'm waiting for as well. Hoping 5950/80 will be good area to load shorts again.
Ghost Rider - WWTBMD?
  • #334,525
  • Jan 23, 2013 8:55am Jan 23, 2013 8:55am
Quoting taomql4
Sh*t Happens when Price is caught between Supply & Demand ..
I may have underestimated the 1 hr Supply , that SOB has Tiger Blood ...
Either way , I'll be looking(For weakness) to SELL on one of the Supply levels Preferably the 4 hr level ...
Yeah, 1.5940 ish area is good area to short. Patiently waiting for price to break the 1.5900 area (long 40/50 pips ) then hopefully short down or it could go all the way to 1.5970-1.600 who knows. All depends on breaking 1.5900 area
  • #334,526
  • Jan 23, 2013 9:23am Jan 23, 2013 9:23am
sometimes good simple straight forward trading ideas fall on deaf ears
  • #334,527
  • Jan 23, 2013 9:37am Jan 23, 2013 9:37am
Those that dont listen, dont gain.
  • #334,528
  • Jan 23, 2013 11:35am Jan 23, 2013 11:35am
ucad is already up ~100 pips.. now it seems like we might not ever see price above 5900.. oh well, i really hope price can progress as in a flag in 4h, creeping slowly to the upside..

hopefully, somehow price can still climb at least to the lower 5900 area before tanking, so we all can jump aboard..

i see that my position on both fiber and swissy earlier has already in green.. i would like to see price able to break 326x area on fiber and i might add to my position at 3300 as price retest the area from below later..

on swissy, i would like to see price to break 9330 and depending on the momentum, if that area failed, i might add to my position on a retest of 9300 from above..

hopefully everyone here have a nice day. good day all and god speed.
  • #334,529
  • Jan 23, 2013 11:40am Jan 23, 2013 11:40am
on a longer term outlook, i would like to short the yen pairs on the retest of the resistance from below:

1) GJ : 142.05
2) EJ : 119.85
3) UJ : 89.65

at the moment the price seems somewhat quite far from my price, but this is the yen pairs, it can reach that level in a day. anyway, depending on the momentum, i will be looking to short if price manage to get there..
  • #334,530
  • Jan 23, 2013 11:52am Jan 23, 2013 11:52am
GBPUSD...

VOTE BUY...

http://my.jetscreenshot.com/6252/m_2...-08gr-65kb.jpg
  • #334,531
  • Jan 23, 2013 12:51pm Jan 23, 2013 12:51pm
Quoting aurasuccess
GBPUSD...

VOTE BUY...

http://my.jetscreenshot.com/6252/m_2...-08gr-65kb.jpg
i vote sell
Attached Image
  • #334,532
  • Jan 23, 2013 1:43pm Jan 23, 2013 1:43pm
Price has been playing with 1.5883 range for the past 3days -today would make it day 3. Is it not fair to say this point is really strong compared to low created in November? This point am seeing is the 2nd monthly support that has now become resistance.
  • #334,533
  • Jan 23, 2013 2:18pm Jan 23, 2013 2:18pm
Quoting strategos
Price has been playing with 1.5883 range for the past 3days -today would make it day 3. Is it not fair to say this point is really strong compared to low created in November? This point am seeing is the 2nd monthly support that has now become resistance.
Yeah. The flag seems to be becoming an expanding triangle and since it has been an below normal daily range for Cable, I guess we might experience more bigger whipsaws (especially as we near Fed statement next week) in coming days before a trend is established.
  • #334,534
  • Jan 23, 2013 2:21pm Jan 23, 2013 2:21pm
basing by daily EG formation, i think in the near term, we will have better volatility in fiber than cable (for bearish).. might see some interesting development next week in fiber, hopefully.

perhaps, aussie and kiwi might be in downtrend next week also.

still has not got position in cable..
  • #334,535
  • Jan 23, 2013 2:24pm Jan 23, 2013 2:24pm
Quoting CasperTrader
Yeah. The flag seems to be becoming an expanding triangle and since it has been an below normal daily range for Cable, I guess we might experience more bigger whipsaws (especially as we near Fed statement next week) in coming days before a trend is established.
Also highlighted by the fact that we have equal number of forum members calling long and short. I think it's just that we still don't have a direction and the price is creating new patterns every few hours and confusing everyone.
  • #334,536
  • Jan 23, 2013 2:26pm Jan 23, 2013 2:26pm
Quoting A-speculator
basing by daily EG formation, i think in the near term, we will have better volatility in fiber than cable (for bearish).. might see some interesting development next week in fiber, hopefully.

perhaps, aussie and kiwi might be in downtrend next week also.

still has not got position in cable..
I guess an excellent choice not be holding any position is Cable. Wait out for an extreme end to catch the wave is worth the wait.
  • #334,537
  • Jan 23, 2013 2:29pm Jan 23, 2013 2:29pm
Quoting CasperTrader
I guess an excellent choice not be holding any position is Cable. Wait out for an extreme end to catch the wave is worth the wait.
yeah, i'm not in position because the price hasn't been in the price range which i favoured..
  • #334,538
  • Jan 23, 2013 2:34pm Jan 23, 2013 2:34pm
The knowledge of fundamental will enable us understand the actual movement of cable.
  • #334,539
  • Jan 23, 2013 2:39pm Jan 23, 2013 2:39pm
Quoting strategos
The knowledge of fundamental will enable us understand the actual movement of cable.
i think it's technical mate..

better leave fundamental to investment folks.. we are traders not investors.. imho.
  • #334,540
  • Jan 23, 2013 2:42pm Jan 23, 2013 2:42pm
Quoting Goldflake
Working nice. target changed to 5837.
Shorts booked.
Long from 5840. target is too big @ 1.6330. (about 500 pips).
When Scalpers win, I lose and Vice varsa...
394 traders viewing now