Cable Update (GBPUSD) | Page 42513 | 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)

  • #850,241
  • Jan 9, 2025 4:48am Jan 9, 2025 4:48am
1.23 support, now seems to be resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 9 KB
Click to Enlarge Name: GBPUSDH1.png Size: 8 KB
Compulsions can be hard to resist
  • #850,242
  • Jan 9, 2025 4:48am Jan 9, 2025 4:48am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2025-01-09-12-44-24-450_net.metaquotes.metatrader4-edit.jpg Size: 663 KB
yes yes yes
  • #850,243
  • Jan 9, 2025 4:53am Jan 9, 2025 4:53am
Whatever NFP brings I don't see it being able to break and close below 2220. That's my personal magic number. I have a pending buy at 2245 which hasn't been triggered.

Usually, falling wedges are broken broken down to sweep the stops below before a rise. The break below has happened and I think this is it for now. Price will most likely give at least 200 pips to the upside.
  • #850,244
  • Jan 9, 2025 4:53am Jan 9, 2025 4:53am
what was that move 10 mins back. flushed all stops and back to where we were

Quoting Mitiblotch
Whatever NFP brings I don't see it being able to break and close below 2220. That's my personal magic number. I have a pending buy at 2245 which hasn't been triggered.
yes even after NFP i dont suspect that being broken.
  • #850,245
  • Jan 9, 2025 5:18am Jan 9, 2025 5:18am
Quoting trumps
Not sure this "selling at the basement" strategy I've been hearing a lot about is going to work this time around, but giving it a shot... {image}
Are colors stimulating? Since I changed the background color like you. I feel more progress.
Thanks so much
  • #850,246
  • Jan 9, 2025 5:34am Jan 9, 2025 5:34am
Quoting W0lfram
Buy @ 1.234 {image} POC from Nov'23 below
+ @1.228
avg 1.2587
Air force
  • #850,247
  • Jan 9, 2025 5:45am Jan 9, 2025 5:45am
Quoting W0lfram
{quote} + @1.228 avg 1.2587
I believe this is swing approach. You may outline 1.2712 as almost certain rate to come.
Data + Stat + Risk/Emotions Management
  • #850,248
  • Jan 9, 2025 5:50am Jan 9, 2025 5:50am
Quoting ThaoAnh
{quote} Are colors stimulating? Since I changed the background color like you. I feel more progress. Thanks so much
I'm glad you like them and they seem to be working for you
Compulsions can be hard to resist
  • #850,249
  • Jan 9, 2025 6:04am Jan 9, 2025 6:04am
My analysis is that Goldie is going to 2721
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2025-01-09-14-02-59-865_net.metaquotes.metatrader4-edit.jpg Size: 652 KB
yes yes yes
  • #850,250
  • Jan 9, 2025 6:06am Jan 9, 2025 6:06am
Quoting GEfx
It's always interesting to see people buying when I am selling. I guess that is what makes a market. I have closed all my trades on the GBP/JPY and GBP/USD. Today's PA opens the door for 1.2260 and below. We'll have to see if they will push for that or square up PA above. This is definitely not a buying opportunity for long-term trading...yet.
I closed latest trades on GBP/JPY and GBP/USD, as target at 1.2260 hit. There are some indications that the next target at 1.2198 is reachable. The GBP needs a breather but may have to wait a bit for some square up trading. NFP is the pending risk factor. Looking for the next sell opportunity.
  • #850,251
  • Jan 9, 2025 6:23am Jan 9, 2025 6:23am
Quoting ThaoAnh
{image}
Go you good thing
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #850,252
  • Jan 9, 2025 6:29am Jan 9, 2025 6:29am
Quoting Georginson
{quote} I believe this is swing approach. You may outline 1.2712 as almost certain rate to come.
It is. Swing method w/ a lot of DD (sometimes)

*Haven't succeed with momentum strategies on currencies
Air force
  • #850,253
  • Jan 9, 2025 6:44am Jan 9, 2025 6:44am
Attached Image (click to enlarge)
Click to Enlarge Name: WolframNB_9hOiusOZ3k.png Size: 9 KB
Air force
  • #850,254
  • Jan 9, 2025 7:05am Jan 9, 2025 7:05am
Quoting MrFanciful
{quote} I've worked hard on this for almost 8 years. I'm not just randomly pressing buy or sell. When I'm on demo forward testing and/or backtesting, a number of my strategies tend to work, not always but enough to be profitable. When I switch to live, they tend not to. I stick to the same entry and exit criteria but the markets seems to change when I switch to live. This should be expected given that price is a random walk as shown below with the charts I've created using the Python code. So one of my favourite strategies is a ranging strategy,...
Hi
Looks like this method creates equal wicks (I've used it before)
If you are interested, try to generate tick data for 1-minute
e.g.
{probability} -> {tick size}
{0.0005, 0.0245, 0.075, 0.8, 0.075, 0.0245, 0.0005} -> {-0.001, -0.0002, -0.0001, 0, 0.0001, 0.0002, 0.001}
Constant or random variate number of ticks for 1 candle
Then you can compose it to any tf
This creates all sorts of candle patterns and looks more 'smooth'
Attached Image (click to enlarge)
Click to Enlarge Name: WolframNB_kMjQ0ZS8Cv.png Size: 7 KB

For that chart random number of ticks per candle (from 4 to 20)
Attached Image (click to enlarge)
Click to Enlarge Name: WolframNB_HhNYnYbb2c.png Size: 10 KB
Air force
  • #850,255
  • Jan 9, 2025 7:11am Jan 9, 2025 7:11am
Quoting MrFanciful
{quote} I've worked hard on this for almost 8 years. I'm not just randomly pressing buy or sell. When I'm on demo forward testing and/or backtesting, a number of my strategies tend to work, not always but enough to be profitable. When I switch to live, they tend not to. I stick to the same entry and exit criteria but the markets seems to change when I switch to live. This should be expected given that price is a random walk as shown below with the charts I've created using the Python code. So one of my favourite strategies is a ranging strategy,...
Wish i could understand anything written in that code.

Am always jealous to someone who know coding and programming
More time in the market, does not mean you trade better!
  • #850,256
  • Jan 9, 2025 7:11am Jan 9, 2025 7:11am
Hmmm out of GU longs
Insane in the Brain..
  • #850,257
  • Jan 9, 2025 7:13am Jan 9, 2025 7:13am
there is a possibility we trace the entire down move and close +50,60 pips
  • #850,258
  • Jan 9, 2025 7:14am Jan 9, 2025 7:14am
I see the head mf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2025-01-09-15-13-47-289_net.metaquotes.metatrader4-edit.jpg Size: 663 KB
yes yes yes
  • #850,259
  • Jan 9, 2025 7:16am Jan 9, 2025 7:16am
Trying a short on GJ let’s see if we can break today’s low
Insane in the Brain..
  • #850,260
  • Jan 9, 2025 7:22am Jan 9, 2025 7:22am
Quoting MrFanciful
{quote} I've worked hard on this for almost 8 years. I'm not just randomly pressing buy or sell. When I'm on demo forward testing and/or backtesting, a number of my strategies tend to work, not always but enough to be profitable. When I switch to live, they tend not to. I stick to the same entry and exit criteria but the markets seems to change when I switch to live. This should be expected given that price is a random walk as shown below with the charts I've created using the Python code. So one of my favourite strategies is a ranging strategy,...
Happy to see people applying their head for once. Good thinking and good questions. Now you have solid proof of why people are not making money here…

See how easy it is to build any trendline, breakout, elliotwave, fib etc strategy with python. These are mediocre strategies. But our “scientists” like T721 are tracking liquidity with their eyes on the chart drawing lines

You could do some research on seasonalities and change from currencies to only buy-side assets, cfd-s, metals. Great place for free research papers:
www.ssrn.com

Currencies are zero sum market and competition is crazy. carry trades might be an idea to try (I haven’t tried).

All the best!
How to succeed in zero sum game?
431 traders viewing now, 1 is registered:
Olu