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Why is GBPUSD called cable? 67 replies

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  • Post #500,841
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  • Oct 24, 2019 4:40am Oct 24, 2019 4:40am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,326 Posts
It has failed at 2950 Daily R1.

Now look for daily S2 around 2812 today
Intra day only.
 
3
  • Post #500,842
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  • Oct 24, 2019 4:41am Oct 24, 2019 4:41am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 18,274 Posts
Eu news at 9.30 could of been the cause of the drop
 
 
  • Post #500,843
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  • Oct 24, 2019 4:44am Oct 24, 2019 4:44am
  •  OnlineAddict
  • Joined May 2014 | Status: Veteran | 8,480 Posts | Invisible
Quoting elbert3
Disliked
Eu news at 9.30 could of been the cause of the drop
Ignored
Nope, GU was way weaker than EU and started dropping almost immediately after London open. Nothing surprising, really. Until people here keep buying these levels, I am staying short.
Everyone can see the chart, but only a few can actually read it.
 
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  • Post #500,844
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  • Oct 24, 2019 4:47am Oct 24, 2019 4:47am
  •  khalid33
  • Joined Aug 2018 | Status: Member | 411 Posts
let's hope there wont be brexit farts on twitter today so GU keeps going down smoothly
 
 
  • Post #500,845
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  • Oct 24, 2019 4:52am Oct 24, 2019 4:52am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 18,274 Posts
Quoting OnlineAddict
Disliked
{quote} Nope, GU was way weaker than EU and started dropping almost immediately after London open. Nothing surprising, really. Until people here keep buying these levels, I am staying short.
Ignored
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that should be the look
 
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  • Post #500,846
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  • Oct 24, 2019 4:57am Oct 24, 2019 4:57am
  •  olegchartist
  • Joined Sep 2019 | Status: Member | 230 Posts
1.3 level contains a lot of Supply. That is why we have a Sequence of signs of weakness (marked on chart). Despite the latest EVRB have to produce some support for market, the decline toward the targets 1 and/or 2
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Oleg Alexandrov, market analyst. Find me in Google
 
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  • Post #500,847
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  • Oct 24, 2019 5:02am Oct 24, 2019 5:02am
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting Ill-b-back
Disliked
{quote} Looking left, I'm thinking bear today Bull tomorrow {image} {image} {image} {image}
Ignored
A 4hr close below 1.29.
Could short now or on a 1.29 retest.
Good for a few I think...
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Come with me if you want to live....
 
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  • Post #500,848
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  • Oct 24, 2019 5:06am Oct 24, 2019 5:06am
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Forgot my hybrid...



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Come with me if you want to live....
 
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  • Post #500,849
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  • Oct 24, 2019 5:08am Oct 24, 2019 5:08am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 17,451 Posts
I see prices reacted at a m30/h1 close tl set at 2874, will wait it breaks & close below nxt that level , 2877 be enough though!try pullback 2907! next support goes to 2816.
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  • Post #500,850
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  • Oct 24, 2019 5:46am Oct 24, 2019 5:46am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,300 Posts
I had that marked wrong should have been top of the original gap
yesterday candle is bullish,
the day before bearish ,
price is trapped ,

Quoting Bones
Disliked
{quote}{image}
Ignored
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#doyourownanalysisordietryin
 
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  • Post #500,851
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  • Oct 24, 2019 5:49am Oct 24, 2019 5:49am
  •  vickytej2301
  • | Joined Aug 2011 | Status: ngalong buat vino | 189 Posts
is this uncertainty before brexit ? no clear position where price is headed
 
 
  • Post #500,852
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  • Edited at 7:03am Oct 24, 2019 5:55am | Edited at 7:03am
  •  Guztro
  • Joined Apr 2018 | Status: Member | 607 Posts
Quoting vickytej2301
Disliked
is this uncertainty before brexit ? no clear position where price is headed
Ignored
No, not when the NZD,AUD and CAD is feeling it...this is a stronger dollar.
Charts don't drive price, market conditions drive price...
 
 
  • Post #500,853
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  • Oct 24, 2019 5:57am Oct 24, 2019 5:57am
  •  PayTheLimit
  • Joined Aug 2009 | Status: Ride the Pig | 31,178 Posts
Quoting elbert3
Disliked
. good job nobody reads them lol
Ignored
lol
Look Sharp/Trade Tight
 
 
  • Post #500,854
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  • Oct 24, 2019 6:03am Oct 24, 2019 6:03am
  •  donfriday
  • Joined Jan 2009 | Status: WHO AM I €&$ ? | 6,663 Posts | Invisible
my little experience..we gonna have some up and down move....the major retracement of gu to the down side of 1.27 1.25 will happen next month...
I NEVER LOSE/=I EITHER WIN OR LEARN
 
 
  • Post #500,855
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  • Oct 24, 2019 6:15am Oct 24, 2019 6:15am
  •  kingfx19
  • | Joined Jul 2019 | Status: Member | 83 Posts
Buying GU for a new high around 1.287x almost there now......Enjoy!
Dont be fool by the newbie badge....older here...older in the biz.
 
 
  • Post #500,856
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  • Oct 24, 2019 6:22am Oct 24, 2019 6:22am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,344 Posts | Online Now
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Name: GU.png
Size: 49 KB
 
 
  • Post #500,857
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  • Oct 24, 2019 6:47am Oct 24, 2019 6:47am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 18,274 Posts
Quoting PayTheLimit
Disliked
{quote} lol
Ignored
Now pay thank you at least somebody does lol
 
1
  • Post #500,858
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  • Oct 24, 2019 6:52am Oct 24, 2019 6:52am
  •  Tekin
  • Joined Jul 2018 | Status: Member | 1,333 Posts
e new up spike is comming maybe for 1.2946?
 
 
  • Post #500,859
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  • Oct 24, 2019 6:54am Oct 24, 2019 6:54am
  •  HaLBot
  • Joined Jan 2016 | Status: Member | 3,313 Posts
Quoting Tekin
Disliked
e new up spike is comming maybe
Ignored
what do you base that on?
 
 
  • Post #500,860
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  • Oct 24, 2019 7:00am Oct 24, 2019 7:00am
  •  PatienceFx
  • Joined Jun 2013 | Status: Enjoying Trading | 12,163 Posts
Quoting HaLBot
Disliked
{quote} what do you base that on?
Ignored
blue pill
i will share daily 100 pip strategy when i reach 5000 subscribers
 
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