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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

Quoting trumps
Was going to post this in EU thread where it belongs, but that place is just crazy right now. It's like Daycare in there. {image} {image} {image} {image}
Ahaha just saw this, feel free to post mate we also need charts there instead of fights
Quoting Nordling
{quote} Well i am impressed, GU is falling non-stop so congratulations I am not sure why it is falling though, except for the yesterday's hawkish FED. Since BoE is hawkish too, idk why it is falling
That's why thw whole thing can be funny. The BOE should hike with the openings due to BJohnson's travails. And when that happens GU might head back up to 3700 again. That's why I just follow price. If I am wrong I look to see why and reverse. See how George trades. He has his targets but in between he understands that price can go almost 200 or more pips opposite, and he has invalidation areas. He deals with excellent probabilities, not some trend which can be bent here and there.

Today US data. The big boys are already short and if data comes good it will be another reason to sink GU and EU further. In any case, EU has hit it's weekly support 3 at 1152. May not go much lower. Let's see. Already scalped a buy off it and closed. Will wait to snipe again if it comes lower.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting DrDave
Now they understand! French economist admits Brexit 'not catastrophe as predicted' BREXIT has not been a "catastrophe", despite the predictions of many, a French economist [ François Lenglet] has admitted.
The best thing the British could have done for themselves.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
... 23.6% of today's fall reached on the pullback so far.

1hr below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
Quoting Bones
I just don't believe it ,but all the leaders are playing with fire {image}
What do you see now on DXY? You see that time it broke downward it was completely fake. I stopped using lines on my chart. They appear useless, as I can trade perfectly without them. I'd like to know your thoughts now with the rise of yesterday and today.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting mysterio
{quote} Yeah Not gonna lie -- i thought we'd head up there earlier. the push down on US CPI news was confusing and thought we'd have a break and retest situation It was only last week the penny dropped that the CPI move was manipulation to clear out the stops below before the move up Just to confuse things more I think DXY will head back down pretty soon

This is quarterly chart, need to get below 9472 to break upper trend. Next up 9722 / 9760.
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Kept busy looking at the charts, nearly had a fire in the kitchen, completely forgot I was cooking beetroot
Staying positive
Quoting Mitiblotch
{quote} What do you see now on DXY? You see that time it broke downward it was completely fake. I stopped using lines on my chart. They appear useless, as I can trade perfectly without them. I'd like to know your thoughts now with the rise of yesterday and today.
most of traders are good at using lines but not good to obey
Daddy, Brother, Lover, Little Boy
Quoting Mr.Burger
{quote} most of traders are good at using lines but not good to obey
True. Lol...
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
if volume is low enough i will consider joining buyers on imbalance below current price
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Quoting Mitiblotch
{quote} The best thing the British could have done for themselves.
No, you are wrong.
Staying positive
Taking a tour to ARIZONA
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Quoting Jolita
{quote} No, you are wrong.
Quoting Jolita
{quote} No, you are wrong.
Okay, if you say so. I am guessing you voted no, and that's your right. Furthermore you live in the UK so you should have more information regarding it than myself. However, like I always say, time will tell.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
U.s data soon. Testing the prev 1hr/4hr ]from 24th Dec 2021] sw lo zone now again. It extends to current dly lo.
Intraday (mainly) swing scalper via Supp/Res & Pa etc.
I am Still In With Longs. Dont Worry ALL.

See You All
Stalker...
Quoting NotSoHard
I am Still In With Longs. Dont Worry ALL. See You All
Don't blow your account on wishful thoughts. Technically Sellers are gaining strength and the month is already closing!
Keep the Lights on then you can catch the rise from the dark.
Quoting ricmaj
{quote} Don't blow your account on wishful thoughts. Technically Sellers are gaining strength and the month is already closing!
he seems a good trader, hopefully he got some kind of plan, incase he decides this is not working
Quoting Mitiblotch
{quote} Okay, if you say so. I am guessing you voted no, and that's your right. Furthermore you live in the UK so you should have more information regarding it than myself. However, like I always say, time will tell.

I was not allowed to vote as I am not British, I am Lithuanian, living in the UK since 2000. I can only have one nationality, I am keeping LT.

If people had a chance to vote again, majority will vote remain. It was all a lie, country is split.
You think UK can be the same as Norway? I don't think so. Country need European workers, but they all leaving as the income is better else where.

Think this, most of businesses trade within Europe, country has tighs with EU. We have no trade deals with EU, but far away countries.
London was a financial hub before, not anymore, companies can't obtain trade license.
Imports / exports is an absolute nightmare. There is so much extra paperwork involved to bring shipments in, not talking about import duty tax.

Farmers can not get seasonal labour from Europe, crops can not be picked.

For young there is no future now, they cant freely study or work abroad.
Universities will get bankrupt as European student numbers are dropping, the rest can not afford the fees.

Theres is so much more...but this is what I think.
Staying positive
Quoting Jolita
{quote} I was not allowed to vote as I am not British, I am Lithuanian, living in the UK since 2000. I can only have one nationality, I am keeping LT. If people had a chance to vote again, majority will vote remain. It was all a lie, country is split. You think UK can be the same as Norway? I don't think so. Country need European workers, but they all leaving as the income is better else where. Think this, most of businesses trade within Europe, country has tights with EU. We have no trade deals with EU, but far away countries. London was a financial...

excellent points..
now the last limit 3372 broken and hence 1.3203 sr likely target . the bounce is over , may range big though before breakout down. lets see how to join to it !
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