Cable Update (GBPUSD) | Page 26485 | 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)

  • #529,681
  • Jun 20, 2020 10:12pm Jun 20, 2020 10:12pm
Quoting Georginson
{quote} The crash is easier than rise comment is in the context of this current rate at 1.2770. I have looked carefully into price behavior of this scenario and came out with these observations : * month of June usually have ranges between 400 - 500 pips and the current range is 454 pips (meaning up movement is now very likely limited. * Year 2013 had 1500 pips decline from opening price and picked a strong reversal up at a point in time in month of June with range 530 pips and crash was what followed back to the opening price (2020 also has 1800...
Here is post from June 10 with similar statistical data to butress my point
Data + Stat + Risk/Emotions Management
  • #529,682
  • Jun 20, 2020 10:15pm Jun 20, 2020 10:15pm
Quoting Georginson
{quote} It needed to catch this 1.2770 area before bearish move can now be fully sustained... The bearish breathe is imminent from here 1.2778/1.2800 level then down to 1.2300 minimum.
Here is the bold call from June 10....

I will give further details as regards July once June is over.
Data + Stat + Risk/Emotions Management
  • #529,683
  • Edited 10:57pm Jun 20, 2020 10:16pm | Edited 10:57pm
Relax ... this is weekend just wait till tomorrow ... if market againts our position, just cut loss . No emotion ...

it's not imporrtant to proof anything here... just having fun and enjoy the volatility. Red or Green are friends ...
not euphoria follower
  • #529,684
  • Jun 21, 2020 12:47am Jun 21, 2020 12:47am
Quoting iqyu5an
Relax ... this is weekend just wait till tomorrow ... if market againts our position, just cut loss . No emotion ... it's not imporrtant to proof anything here... just having fun and enjoy the volatility. Red or Green are friends ...
Some you so-called "High Impact Member" in FF are just full of yourself. Instead of picking the point he is raising and questioning his assertions and learn something, you throw dirt on people's ideas and play GOD. Pathetic and very sad.
Le$$ I$ More
  • #529,685
  • Edited 1:08am Jun 21, 2020 12:57am | Edited 1:08am
Quoting Roszey
{quote} Some you so-called "High Impact Member" in FF are just full of yourself. Instead of picking the point he is raising and questioning his assertions and learn something, you throw dirt on people's ideas and play GOD. Pathetic and very sad.
I don’t think he is having a pop at Georginson. He’s making a comment to the whole tread. BTW massive effort by Georginson. My hat off to you sir!
Don't trade what you think. Just what you see!!!
  • #529,686
  • Jun 21, 2020 2:27am Jun 21, 2020 2:27am
If the idea /narrative of negative UK rates gains traction, this could drop hundreds of pips this week.
Compulsions can be hard to resist
  • #529,687
  • Jun 21, 2020 2:51am Jun 21, 2020 2:51am
gbp possible bounce soon?

Attached Image
COT: The precious data ignored
  • #529,688
  • Jun 21, 2020 3:21am Jun 21, 2020 3:21am
Quoting kuroro001
gbp possible bounce soon? {image}
the bounce needs to start from 1 minute chart, then 5 minute and then 15 minute chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 38 KB
Click to Enlarge Name: GBPUSDM5.png Size: 42 KB
Click to Enlarge Name: GBPUSDM15.png Size: 44 KB
Intraday only.
  • #529,689
  • Jun 21, 2020 3:28am Jun 21, 2020 3:28am
it is worth seeing daily chart , 4 hr chart and hourly chart.

The price at monthly pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 55 KB
Click to Enlarge Name: GBPUSDH4.png Size: 49 KB
Click to Enlarge Name: GBPUSDH1.png Size: 50 KB
Intraday only.
  • #529,690
  • Jun 21, 2020 3:41am Jun 21, 2020 3:41am
this is weekly chart.

Another week with selling and close below weekly open will confirm more to downside in the coming weeks.

And I just want to see one weekly bar red.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 51 KB
Intraday only.
  • #529,691
  • Jun 21, 2020 3:46am Jun 21, 2020 3:46am
from my own perspective, i project GBPUSD having a little more slopes to around price @1.2325.

Then break the line to form an upward trend.

for now i will just exercise patience for it to break to an upward trend.
  • #529,692
  • Edited 4:47am Jun 21, 2020 3:51am | Edited 4:47am
I am not so sure about weekly move.

It might find support and monthly pivot and run higher too.

1.2345 area is monthly pivot area.

Consider this as area and not as number.

however, daily chart is clear what it wants to do i the coming days.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 41 KB
Intraday only.
  • #529,693
  • Jun 21, 2020 4:20am Jun 21, 2020 4:20am
Quoting navk
this is weekly chart. Another week with selling and close below weekly open will confirm more to downside in the coming weeks. And I just want to see one weekly bar red. {image}
What indicators are these and where can i get it?
  • #529,694
  • Jun 21, 2020 5:26am Jun 21, 2020 5:26am
Quoting kuroro001
gbp possible bounce soon? {image}
From the chart, i think sellers are still in the market. I predict it will continue into the month of July. But before any fall, there should be a significant rise.
I will post my charts later in the day.
Le$$ I$ More
  • #529,695
  • Jun 21, 2020 5:32am Jun 21, 2020 5:32am
Quoting Roszey
{quote} From the chart, i think sellers are still in the market. I predict it will continue into the month of July. But before any fall, there should be a significant rise. I will post my charts later in the day.
You have always very good chart, i'm curious about your view

From a money manager's view, they don't seem to be very interested by the fall
Attached Image
COT: The precious data ignored
  • #529,696
  • Edited 6:03am Jun 21, 2020 5:45am | Edited 6:03am
From the Monthly Range perspective, GBPUSD has covered over 80-90% of this monthly average. In view of that Buying at 2322(monthly open price) and 2258 will be a considerate price with a good MM in place one can survive a DD of 1000 pips fall (which is not likely.)

Mind you the month is about to end and its likely to close bearish. So every long position will range between 50-100 pips before falling.

Just my view.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 21 10-33-00.png Size: 76 KB

FACT: Daily Sandwich Zones are very strong. Keep an eye on it.
Le$$ I$ More
  • #529,697
  • Edited 8:18am Jun 21, 2020 7:44am | Edited 8:18am
Amazing how many forms of TA there are to analyse a market - some very interesting/informative contributions here in amongst the bickering. In the first instance if I were acting on a 4hr trigger with entry fine-tuned on the 1hr perhaps, I would be looking to see what price did at open at that 61.8% fib on daily chart shown below and then either a pullback to that daily swing lo above current price and then maybe a potential downside move to the daily swing lo, lo, hi below current price..... or of course a straight downside move to that swing lo, lo, hi which contains that 38.2% fib of the major recent 1411-2813 upside move, and then look for a prolonged pullback there. This area has acted as support twice then resistance so seems a likely area at the least to look for a pullback or more if PA confirms. These are just 2 scenarios that may or may not play out ref these t/f's. Of course any sustained selling could see a fall to the dark blue zone as potential support or indeed the dark green zone below that that co-exists as a swing lo on the weekly t/f too, and has the 50% of the main 1411-2813 recent major up move just above it.

It definitely seems a case of determining where the 'main' pullback may occur so in terms of the 'character' of this particular downside move on these t/f's..... from the 2813 hi the first impulse move was 360pips (2813-2453,) then a corrective move of 234pips (2453-2687) before another impulse move of 344 pips [so far,] (2687-2343 which was Friday's lo) ...so perhaps a pullback is coming, bearing in mind though re EW - isn't the 2nd impulse move the strongest ?- so there could be more downside to come before a sustained pullback.

To an extent it's all 'lockdown boredom' naval gazing but entertaining - lol !.....As always - be guided by what price does not what we think it could or worse should do.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 62 KB
Trader with an Edge.
  • #529,698
  • Jun 21, 2020 8:00am Jun 21, 2020 8:00am
GU, I have 1.2325 as ab=cd target, if it doesn't turn around 1.2325-1.2300, then cd=1.27x ab at 1.2225-12200 will be next.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 p.png Size: 49 KB
  • #529,699
  • Jun 21, 2020 8:04am Jun 21, 2020 8:04am
Quoting navk
it is worth seeing daily chart , 4 hr chart and hourly chart. The price at monthly pivot. {image} {image} {image}

can you share your template and indicators please?
  • #529,700
  • Jun 21, 2020 9:23am Jun 21, 2020 9:23am
Quoting shahab8b
GU, I have 1.2325 as ab=cd target, if it doesn't turn around 1.2325-1.2300, then cd=1.27x ab at 1.2225-12200 will be next. {image}
better it may able stop above 1.2075 at an previous support , otherwise ground play may to decide next.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
590 traders viewing now