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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

Quoting dempire1
I thought its overbought?
Overbought doesn't mean it cant extend. An understanding of the definition will make you react appropriately.

Seems the problem here is understanding of the definition and not the word itself.
Quoting Jackoboms
{quote} Overbought doesn't mean it cant extend. An understanding of the definition will make you react appropriately. Seems the problem here is understanding of the definition and not the word itself.
one of my issues with that term is over bought when will it be considered a change of direction so now overbought becomes a uptrend
Quoting Godspromise
What's more important win rate or risk reward?
My 2cents newbie view.

Focus on what you can control:
while you can't predict the forex market or macro-economic trends,
you can control your risk.
I come from the future.
Checking pa now !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting BeeTogether
{quote} technically the move up has been. Looking at it from a move to data perspective, we haven’t seen anything that could cause the move up to this severe, in a space of 2 weeks we have a move of 400 pips without a hint of a correction. The UK election was already priced in, what hasn’t helped is the talk of a cut in the US rate and not one in the UK. This is fuel to the fire.
We are at the same 400 pips of last year at the same time almost copy-paste
Quoting Godspromise
What's more important win rate or risk reward?
profit factor is most important for me
trading is like dancing, don't think and just listen to the music!
Quoting Godspromise
What's more important win rate or risk reward?
Risk Reward is love, Risk Reward is life
Quoting Georginson
600 pips range so far this year and minimum January to July Range is 800 pips... this price can easily attack 1.3100 this July, similar to what happened last year July. Be very careful with going short... Price is now in a break out phase. Buys only except price moves below 1.2700.
This is already happening, i will look for a buy from 1.3000 to Target 1.3120 this week. I will set bullish invalidation at 1.2930.
Rejections spur me for greatness!!!
Quoting Godspromise
{quote} one of my issues with that term is over bought when will it be considered a change of direction so now overbought becomes a uptrend
Overbought doesn't necessarily mean a change of trend entirely.

Please refer to the definition again. There are OVERBOUGHT and OVERSOLD conditions in trends.

I expected a retracement yesterday and I spotted it and took advantage. The CPI that came out positive introduced some fresh momentum.

But I can tell you that soon, there will be soon good retracement.
Quoting Jackoboms
{quote} Overbought doesn't necessarily mean a change of trend entirely. Please refer to the definition again. There are OVERBOUGHT and OVERSOLD conditions in trends. I expected a retracement yesterday and I spotted it and took advantage. The CPI that came out positive introduced some fresh momentum. But I can tell you that soon, there will be soon good retracement.

you don't need to defend yourself... just remember when the majority in here are bullish start shorting overbought or not LOL

I was bullish after england and France elections when I said liberals are good for a currency and the fascist regime were attacking me and calling me all kinds of names LOL

most of what your getting is teasing from guys that will soon blow up their account so don't worry about it


work on getting rid of oscillators cause indicators will make you lose your account
Kamala/Walz pulling away for the win
Quoting Zebi
{quote} you don't need to defend yourself... just remember when the majority in here are bullish start shorting overbought or not LOL I was bullish after england and France elections when I said liberals are good for a currency and the fascist regime were attacking me and calling me all kinds of names LOL most of what your getting is teasing from guys that will soon blow up their account so don't worry about it work on getting rid of oscillators cause indicators will make you lose your account
Zebi my friend what do you think about the rate cuts for the US?
Quoting Godspromise
{quote} Zebi my friend what do you think about the rate cuts for the US?

I don't think it will happen this year...the dollar has pivoted to the economy and a soft landing and politics at the moment since the election is so close

I posted a chart of Clinton presidency rate cuts and dollar went up cause the economy was strong under him because of tax hikes so don't fall for halbot and his buddies stupid shit cause all they know is how to call people Marxists LOL

trumps got the upper hand at the moment cause of their convention and sympathy for the shooting so dollar falling when the dems have their convention it will start rising

nominating conventions always give a bump to that party
Kamala/Walz pulling away for the win
Tech stocks taking a bit of a beating, Cable and Euro might have hits their peaks for today
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We need a Quantum leap in understanding here
GU

Try, Scalp short
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I come from the future.
Quoting Zebi
{quote} I don't think it will happen this year...the dollar has pivoted to the economy and a soft landing and politics at the moment since the election is so close I posted a chart of Clinton rate cuts and dollar went up cause the economy was strong under him because of tax hikes so don't fall for halbot and his buddies stupid shit cause all they know is how to call people Marxists LOL trumps got the upper hand at the moment cause of their convention and sympathy for the shooting so dollar falling when the dems have their convention it will start...
Pretty sure the democratic conventions are happening now. The big difference is that the Republicans are falling in line to support Trump while the Democrats are fighting about whether Biden is competent enough to get through another 4 years.
The public has the same questions about Biden!
The US$ strength is about inflation not taxes right now, although tax increases under Republicans are less likely, especially if they end support for the Ukraine Russia war!

Quoting Zebi
{quote} I don't think it will happen this year...the dollar has pivoted to the economy and a soft landing and politics at the moment since the election is so close I posted a chart of Clinton presidency rate cuts and dollar went up cause the economy was strong under him because of tax hikes so don't fall for halbot and his buddies stupid shit cause all they know is how to call people Marxists LOL trumps got the upper hand at the moment cause of their convention and sympathy for the shooting so dollar falling when the dems have their convention it...

Zebi just fuck off with your bullshit and stick to trading analysis....
We need a Quantum leap in understanding here
Quoting HaLBot
Tech stocks taking a bit of a beating, Cable and Euro might have hits their peaks for today {image}


S&P 500, Nasdaq 100 Slide as US Threatens Stricter Restrictions on Chinese Trade
(sell the rumors ?)
NASDAQ and SPX pulling back while US30 holds its position the bulls

US trade restrictions on China could significantly impact the semiconductor industry, causing a selloff of chip stocks, including Nvidia and ASML.

I'm watching the event and, let the dust settle .
I come from the future.
time has started to sell GU... now its going down for sure...
Quoting HaLBot
{quote} Zebi just fuck off with your bullshit and stick to trading analysis....
you must have been short and lost money so you feel chastened from all that shit you were calling me and now asking for a truce?

come on you can admit you were short cause I was bullish. everyone seen and read the hate you had for me all because I said liberals good for a country and currency LOL...don't worry I'm not gonna resort to childish insults like you do...knowing you lost money is good enough for me

vive la France and England

come November ill be adding America to those two LOL
Kamala/Walz pulling away for the win
Quoting Zebi
{quote} you must have been short and lost money so you feel chastened from all that shit you were calling me and now asking for a truce? vive la France and England come November ill be adding America to those two LOL

No idiot haven't lost any money and Zebi you and your sad sac marxists are toast November, won't be able to steal this one. How slimy are you guys having to steal the 2020 election.....
For the record numbnuff I don't care for the Republicans but Mr. D Trump is awesome, someone who genuinely loves his country unlike all you sad sad commies....
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We need a Quantum leap in understanding here
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