Cable Update (GBPUSD) | Page 25916 | 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)

  • #518,301
  • Apr 30, 2020 4:39am Apr 30, 2020 4:39am
Here is a bullish chart. We just broke yesterday's high, by the way. (And the high of the left "shoulder" at 27/3/20)

Ichimoku. Trading above the daily cloud. Strong support at 1.2308. Price trading above Tenkan sen on daily. Tenkan sen crossover imminent. Chikou span moving into clear space.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd200430d1ichi.png Size: 45 KB
Gone to a better place
  • #518,302
  • Apr 30, 2020 4:43am Apr 30, 2020 4:43am
Quoting smikester
Here is a bullish chart. We just broke yesterday's high, by the way. (And the high of the left "shoulder" at 27/3/20) Ichimoku. Trading above the daily cloud. Strong support at 1.2308. Price trading above Tenkan sen on daily. Tenkan sen crossover imminent. Chikou span moving into clear space. {image}

Yeah, forgot to mention. Our Prime Minister has had Covid 19 and is recovering. He has not advised anybody that drinking disinfectant might be an interesting idea.
Gone to a better place
  • #518,303
  • Apr 30, 2020 4:44am Apr 30, 2020 4:44am
Quoting smikester
Here is a bullish chart. We just broke yesterday's high, by the way. (And the high of the left "shoulder" at 27/3/20) Ichimoku. Trading above the daily cloud. Strong support at 1.2308. Price trading above Tenkan sen on daily. Tenkan sen crossover imminent. Chikou span moving into clear space. {image}
great detailed post smikester
  • #518,304
  • Apr 30, 2020 4:45am Apr 30, 2020 4:45am
Quoting Bones
ok ,I'm not seeing the connection to a look a like head and shoulder pattern=actually its just consolidating... Its almost horizontal, not sure where your fib is since you made a micro copy of your chart. But if you look it hasn't gone far from the open either ways, sounds like a monthly candle pattern to me Tick Tock, times running out to change it. Yea this is pivotal space right here. {quote}
Some screenshots explaining what I see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200430-103433_MetaTrader 5.jpg Size: 198 KB
Click to Enlarge Name: Screenshot_20200430-103825_MetaTrader 5.jpg Size: 556 KB
Click to Enlarge Name: Screenshot_20200430-103451_MetaTrader 5.jpg Size: 495 KB
Click to Enlarge Name: Screenshot_20200430-104112_MetaTrader 5.jpg Size: 605 KB
Click to Enlarge Name: Screenshot_20200430-104103_MetaTrader 5.jpg Size: 653 KB
WT
  • #518,305
  • Apr 30, 2020 4:51am Apr 30, 2020 4:51am
Quoting joesherwood
{quote} great detailed post smikester
Thank you. I almost convinced myself! ;-) Seriously I find Ichimoku Kinko Hyo intriguing. I am no expert, and it was originally designed to predict rice prices, so just a bit of fun. However, I do take a break out seriously.
Gone to a better place
  • #518,306
  • Apr 30, 2020 4:57am Apr 30, 2020 4:57am
Ok thanks,
Quoting Bartosz77
{quote} Some screenshots explaining what I see. {image} {image} {image} {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,307
  • Apr 30, 2020 5:01am Apr 30, 2020 5:01am
I can help some people out why you don't see a pattern and what an actual pattern looks like.
Then, what happens when that pattern breaks in real life.
It's not something you see every day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily double top .png Size: 38 KB
Click to Enlarge Name: GBPUSD-Dailyhsc.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,308
  • Apr 30, 2020 5:02am Apr 30, 2020 5:02am
inverse H&S
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Compulsions can be hard to resist
  • #518,309
  • Apr 30, 2020 5:04am Apr 30, 2020 5:04am
prepare for 2544. Do not trade counter.

2507 must break though.

yeah it is for me.

I often take trades to counter the daily candle, so I remainding myself.

Intraday only.
  • #518,310
  • Apr 30, 2020 5:07am Apr 30, 2020 5:07am
I am not @bones. But I can't see anything explained there. What I can see are the trades you have taken..

KP

Quoting Bartosz77
{quote} Some screenshots explaining what I see. {image} {image} {image} {image} {image}
Do your homework, follow the footprints of smart money
  • #518,311
  • Apr 30, 2020 5:08am Apr 30, 2020 5:08am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Compulsions can be hard to resist
  • #518,312
  • Apr 30, 2020 5:08am Apr 30, 2020 5:08am
Quoting navk
prepare for 2544. Do not trade counter. 2507 must break though. yeah it is for me. I often take trades to counter the daily candle, so I remainding myself.
yeah I’m not getting in till breaks through this weeks higher with confidence. If not will comeback tomorrow
  • #518,313
  • Apr 30, 2020 5:10am Apr 30, 2020 5:10am
look at this 30 min chart.

it says all. for today.

2450 entry. stop, 2434.

one could have made 50 pips, entry 2450, stop 2434.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M30.png Size: 34 KB
Intraday only.
  • #518,314
  • Apr 30, 2020 5:12am Apr 30, 2020 5:12am
Now could be heading to 1.2550 ~ 1.26
  • #518,315
  • Apr 30, 2020 5:16am Apr 30, 2020 5:16am
Eyes on 2545
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #518,316
  • Apr 30, 2020 5:18am Apr 30, 2020 5:18am
Not getting in at all till price goes past 1.25150.

that’s when I get confidence to put some scalps in.

But I called it these past two days. 125, nice work all.
  • #518,317
  • Apr 30, 2020 5:27am Apr 30, 2020 5:27am
I trade demand and supply zones. This pair has had some gooduns.
Attached Image (click to enlarge)
Click to Enlarge Name: gty.jpg Size: 89 KB
  • #518,318
  • Apr 30, 2020 5:28am Apr 30, 2020 5:28am
res at 1.25214 or lower
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh1.png Size: 46 KB
Click to Enlarge Name: gud1.png Size: 20 KB
yes yes yes
  • #518,319
  • Apr 30, 2020 5:38am Apr 30, 2020 5:38am
Quoting tehnoob
You guys are scaring me now with all those down-pointing lines! I am still long lol
wheres your entry bud, you couldn't of bought much higher.. your in profit?!
  • #518,320
  • Apr 30, 2020 5:42am Apr 30, 2020 5:42am
NY may see sellers, this is how these days happen, just an observation.

Most of NY end up seeing sellers after this COVID.
Intraday only.
2,228 traders viewing now, 2 are registered:
,
AlphaGM