Cable Update (GBPUSD) | Page 16965 | 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)

  • #339,281
  • Apr 23, 2013 9:38am Apr 23, 2013 9:38am
GBPUSD:
SELL
If the price breaks through the level 1.52427 bearish movement will start. Targets of the bearish movement: 1.51848.
  • #339,282
  • Apr 23, 2013 9:49am Apr 23, 2013 9:49am
Quoting funtik
GBPUSD: SELL If the price breaks through the level 1.52427 bearish movement will start. Targets of the bearish movement: 1.51848.
short position and set stop loss at today's high
  • #339,283
  • Apr 23, 2013 10:00am Apr 23, 2013 10:00am
Quoting pindang
{quote} short position and set stop loss at today's high

wait till its will close under 1.52427 dont hurry up to open position.
this is my opinion
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,284
  • Apr 23, 2013 10:11am Apr 23, 2013 10:11am
Quoting 5percent
Hour 4 range's channel on GBPUSD. Price has yet to close under the 1.5214/10 support. A bounce/close above hourly's resistance @ 1.5234/35 will then validate this demand zone. A lower lo after 1.5195 will have breakout to the downside on the card. first minor resistance @ 1.5225 or pull back add on retrace. above 1.5225, stronger pullback likely. 38.2 of 1.5273/1.5196 of London's Session {image}
1.5280 is the final pressure for the bear as indicated here earlier on the chart, buy stops are on above daily high on the break of 1.53's level.

shorts on 1.5280/96 have good rr with stop after daily high or hedge buy stops.
  • #339,285
  • Apr 23, 2013 11:06am Apr 23, 2013 11:06am
HH in H1 and swing formation at 5380's would act as a confirmation for this scenario.. I'm betting already..
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_H1 04-23x.png Size: 74 KB
69
  • #339,286
  • Apr 23, 2013 11:12am Apr 23, 2013 11:12am
Quoting Likerty
HH in H1 and swing formation at 5380's would act as a confirmation for this scenario.. I'm betting already.. {image}
It would be nice to see it moving in to 5310's today
69
  • #339,287
  • Apr 23, 2013 11:59am Apr 23, 2013 11:59am
Quoting Trader88q
and I think that we are in a micro downtrend. It means we are still not broken 5032 level but we are going to that point. if 5032 will be broken then i will not enter any shorts and will wait 4950.
Quoting Maso
I strongly agree with you mate. {quote}
I am not all that clear about this. Is the reason behind the above comments because 5032 ia a support whereas 4950 is a resistance, or is there something else?
  • #339,288
  • Edited 2:57pm Apr 23, 2013 2:45pm | Edited 2:57pm
Quoting pindang
Is it good time for short ? {image}
Logically ok , evolving a new wave but you are seeing a very small part of the whole wave & must be very difficult follow e wave developments, can be any when take greater waves etc .Now in corrective wave up & can be of any complexities , abc or channel or any pattern etc. 5200/5198 is the level test before further decision , breaks & hold , specially breaks 5163 can take to 5027 or ultimately bear continuation through previous low .bais bear with eu & gold this time , most probable, already ready & started for .
anyway good try see market logically .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 51 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,289
  • Apr 23, 2013 3:06pm Apr 23, 2013 3:06pm
5110-5150 area would be a good long, methinks.

http://i35.tinypic.com/2lt0dh2.jpg
  • #339,290
  • Apr 23, 2013 3:08pm Apr 23, 2013 3:08pm
Quoting chazzle
GU M15 small bounce...? {image}
another...?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 171 KB
  • #339,291
  • Apr 23, 2013 4:41pm Apr 23, 2013 4:41pm
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hi there! I think GBP is going up on this daily chart. Usd is maxed out on EURusd (resistance became support at 1.30), usd/jpy is exhausted of trying to get the 100, USD/cad is prepared to dive, and the numbers from the US are not so good to keep this USD any more stronger.
What do you think?
Attached Image
  • #339,292
  • Apr 23, 2013 5:45pm Apr 23, 2013 5:45pm
I think you may see support go ,I dont think the tl will hold

Tony
(18 years trading )

Quoting Tradedly
Lower lows into this support zone: http://youtu.be/wzTL6VgfZro
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 23-4-13.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,293
  • Apr 23, 2013 5:51pm Apr 23, 2013 5:51pm
Quoting Bones
I think you may see support go ,I dont think the tl will hold Tony (18 years trading ) {quote} {image}
Yes. This one's been so technical for so long now that there needs to be a little pain/clearance, or so I believe.

I plan on not feeling it!
  • #339,294
  • Apr 23, 2013 6:01pm Apr 23, 2013 6:01pm
Cable in a bit of trouble on the weekly ,but not so much monthly so I guess this is the reason so frustating Trad
But I think weekly looks clear not to try buy this week for me

(edit at this level)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 23-4-13.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,295
  • Apr 23, 2013 11:24pm Apr 23, 2013 11:24pm
Quoting 5percent
{quote} 1.5280 is the final pressure for the bear as indicated here earlier on the chart, buy stops are on above daily high on the break of 1.53's level. shorts on 1.5280/96 have good rr with stop after daily high or hedge buy stops.

Agreed!!
  • #339,296
  • Apr 23, 2013 11:29pm Apr 23, 2013 11:29pm
Quoting Likerty
{quote} It would be nice to see it moving in to 5310's today
not gonna happen!
  • #339,297
  • Apr 23, 2013 11:51pm Apr 23, 2013 11:51pm
Good Setup Coming Up Before London open! Gear up! A break above the trend line could take the price to 61.8 or 100% level, a break below to '0' levels.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 23 KB
Wait for the market to come to you.. then take the green pips..
  • #339,298
  • Apr 24, 2013 12:57am Apr 24, 2013 12:57am
5 Percent when placing buy stops how far above the resistance do you place them
  • #339,299
  • Apr 24, 2013 1:02am Apr 24, 2013 1:02am
TL is not my food but the daily candle formation indicating down,we indeed shoot high yesterday when kisses the TL but we close 50% body below and the EU also closed below the Monthly S,breaking yesterday low might bring both pairs smoothly down today

Pound/Dollar Daily
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #339,300
  • Apr 24, 2013 1:12am Apr 24, 2013 1:12am
Quoting FXMindset
TL is not my food but the daily candle formation indicating down,we indeed shoot high yesterday when kisses the TL but we close 50% body below and the EU also closed below the Monthly S,breaking yesterday low might bring both pairs smoothly down today Pound/Dollar Daily {image}
FX, would have loved the pound to decline yesterday pound moves oddly to me I need to trade it more!
When the facts change I change my mind, what do you do sir
737 traders viewing now, 1 is registered:
Marbas