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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting OnlineAddict
{quote} Be greedy this time, don't close the short too early, on monday.
My tp is set on 1.31704
Live rate is 1.31766 ,hold it !!!!!
The low of the pre market has already touched my tp , 1.31701
Quoting Moty
{quote} My tp is set on 1.31700 Live rate is 1.31766 ,hold it !!!!!
We can easily see 3100-20 during London...and down all week. Swaps are positive on shorts, so its good to keep it.
Everyone can see the chart, but only a few can actually read it.
not to burst the pre-bear party but that IG site always has enormous jumps in the weekend.
By the tima asia opens price is usually closer to fridays close.
not saying price wont go down t the opening, it probably will.

yahoo live rate is 1.3204 fluctuating between 3201 & 3205

my bias is very much long.
in wondering about yourself, you forgot what you came here to be part of
Quoting knkie
not to burst the pre-bear party but that IG site always has enormous jumps in the weekend. By the tima asia opens price is usually closer to fridays close. not saying price wont go down t the opening, it probably will. yahoo live rate is 1.3204 fluctuating between 3201 & 3205 my bias is very much long.
agree in the IG weekend chart, that is an internal trade...

I would say same counts for yahoo etc... it is interesting that there are so few data of weekend forex...
Quoting Moty
According to the live data, i will return to break even with my positions at the beginning of the trading week . my average entry is about 1.31860, and you can see that the price has already encountered a resistance of 1.32118 over the weekend and dropped {image} {image}
agree with you mate, interesting view of yours ,thanks
Let me fill my acount wallet then will take Ur advice
full chart of all tradble from ig, hope it helps yall guys gl and be carfull , its not fully 100% has to be right with out real gap!
https://www.ig.com/en/weekend-tradin...dsundaytrading
Let me fill my acount wallet then will take Ur advice
I made the mistake of going short to catch the retrace.
luckily I'll probably leave another profit.
The goal is to try to catch the next rising move.
I will buy a the rises of price of over the 50 ema band in the 1m chart
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Here's my take on the GBPUSD, from the technical perspective of a swing trader. The GBPUSD market is disposed northward, and recent order flow and price action on the daily time frame indicate the likelihood of further northward move. However, the 1.33360 horizontal resistance area should be watched for potential challenge to bulls.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
price open with gap down to 1.31764 , 6 pips from my tp 1.31704
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Hopefully no slippage (SL bypass) this time.
Trump to be acquitted on Wed.
This should give FX a pump.
Let's see how it goes till there.
Trade safe and watch out your SLs.
Hey buddy, let's grab some Pips!
Cable started with a gap for this new trading week

Time to trade the gap, perhaps~
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Good bounce in usdx at /over weekly support and still good pressure down but turmoils /volalities remain intact. So spikes up and down continues. In usdx more up than further sustain down, max range possible 96.82 to 97.62, now signal 97.32 breaks for limit 97.42 , big enough to care.
In gold target goes 1575.
Gbpusd signal 3141 for below 3075 play to try up if possible next bull action. So target go below 3075, 1or 2 legs down.in weekly tf though it seems huge unrest last week to continue but as it be a NR 7 candle should have lowest range among previous 6es!lets see.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
all short position out , tp 1.31704
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Brexit remind me of this Novel ***Animal Farm***.Remember Napoleon?Hope it's not what is playing on in the UK.
Boris will crash the Pounds
Make it Green
Quoting Moty
all short position out , tp 1.31704 {image} {image} {image}
better while watching for signal /limit 3140.
in eurusd likely more correction down to try up next .bottom play still on the way down,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Price still on triangle, Short with tp at fibo 161.8 (1.300xx)
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need confirmation after london session open
close short
Quoting ozalid
close short
also closed out 2/3 of my shorts, letting the last to run. I saw your previous TP last week of 1.3, but price is stalling a little and with gbp i guess to close the upper gap can happen fast...
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