Cable Update (GBPUSD) | Page 26618 | 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)

  • #532,341
  • Jul 1, 2020 8:15am Jul 1, 2020 8:15am
Attached Image (click to enlarge)
Click to Enlarge Name: F0C28AA3-E208-4218-ACF4-283CEE233D79.png Size: 374 KB
hi Nav . The continuation of that pattern worked a treat . But we did have a breakout confirm to the low side which could indicate bull run so it might have a good chance of breaking the tl long to 2900 . If not the same pattern down
Quoting navk
do not think of shorting now until a LEVEL R1 is reached. The PA may be slow and choppy and that is not a signal to short. To me only.
Attached Image (click to enlarge)
Click to Enlarge Name: 789F154E-20C6-4DF9-9A90-22D470D6D78C.jpeg Size: 470 KB
  • #532,342
  • Jul 1, 2020 8:16am Jul 1, 2020 8:16am
Quoting elbert3
{image} hi Nav . The continuation of that pattern worked a treat . But we did have a breakout confirm to the low side which could indicate bull run so it might have a good chance of breaking the tl long to 2900 . If not the same pattern down {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DDC88070-7173-42C6-A339-7A585C02E7A9.png Size: 400 KB
  • #532,343
  • Jul 1, 2020 8:18am Jul 1, 2020 8:18am
Starting to move
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #532,344
  • Jul 1, 2020 8:26am Jul 1, 2020 8:26am
Watch 2458 area if long .
  • #532,345
  • Jul 1, 2020 8:28am Jul 1, 2020 8:28am
i use charts 15 min or more mostly.

At times use 5 min chart to see.

In 15 min chart, if the PA is like this, I never short.

I only buy the dip.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 42 KB
Intraday only.
  • #532,346
  • Jul 1, 2020 8:29am Jul 1, 2020 8:29am
There was a fair bit of buying going on today - that is my only concern
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #532,347
  • Jul 1, 2020 8:31am Jul 1, 2020 8:31am
2410 my last defender for long
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 19 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #532,348
  • Jul 1, 2020 8:34am Jul 1, 2020 8:34am
looks it buy more time . 1-2 days perhaps . gold & oil not reached target to tank apparently yet . and so others too.take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BRENTDaily.png Size: 33 KB
Click to Enlarge Name: GOLDH4.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,349
  • Jul 1, 2020 8:47am Jul 1, 2020 8:47am
Quoting Moty
{image}
i just wait for R1
  • #532,350
  • Jul 1, 2020 8:49am Jul 1, 2020 8:49am
if this hidden bull div m5 works on top....break up hard
COT: The precious data ignored
  • #532,351
  • Jul 1, 2020 8:49am Jul 1, 2020 8:49am
Quoting trumps
{quote} Maybe, if the pair is clearly trending on a weekly basis. I just question the validity at times of data that is a week old. A week ago, traders may have been building longs, but that was a week ago, and while price was falling. Now it is rising, what have traders been doing for the past 7 days?
trumps, if you are not position trader (long run) is useless for you...better depend on your setup TF...that's what I think.
Always trade your own plan...I don't provide trading signals.
  • #532,352
  • Jul 1, 2020 8:53am Jul 1, 2020 8:53am
checking usdx , may be taking little time to react.if gold take as indicator then now need 1747/44 breaks as signal , bounce to finally follow through. 1764.56 broken but not enough! H 4 big bear candle may push further down though next h4 towards 1735 to have enough signal at least.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,353
  • Jul 1, 2020 8:56am Jul 1, 2020 8:56am
Just back at desk for 15mins or so updating supp/res charts. To the immediate upside and above current daily hi a prev 1hr/2hr/4hr sw hi zone 2430-36 with 61.8% of 2543-2251 in there.....above there Daily R1 @ 2448 and above that what looks to be a more major prev sw hi zone again on 1hr/2hr/4hr 2450-64 with a 3 fib cluster 2465-74 of fib retraces from the major swings down from and including 2813 to that 2251 lo. 2476-87 is a prev minor 1hr sw lo zone = prev supp with Weekly R1 in here @ 2480 and Mthly Pivot sits @ 2487. Daily R2 above that @ 2496.

Price has travelled only 56% of 30day adr so far today and 50% of the 30 week awr so far this week - which seems about right as we are midpoint of the trading week. Will be back for the fed minutes 7pm Uk time.
Trader with an Edge.
  • #532,354
  • Jul 1, 2020 8:59am Jul 1, 2020 8:59am
It’s having a think about it . Come on cable any ways fine by me lol
  • #532,355
  • Jul 1, 2020 9:03am Jul 1, 2020 9:03am
Quoting elbert3
It’s having a think about it . Come on cable any ways fine by me lol
The indecision scared me out of my long +10 pips either way.
  • #532,356
  • Jul 1, 2020 9:04am Jul 1, 2020 9:04am
Quoting OnlineAddict
Big US news today...somehow they predict a positive number, which I don't think can be reached, so if GU keeps struggling until then, the data should help to bring it over 2400 safely. Maybe even over 2450.
2435 so far...still a long way to go towards 2550.
Everyone can see the chart, but only a few can actually read it.
  • #532,357
  • Jul 1, 2020 9:08am Jul 1, 2020 9:08am
The Grinder
Attached Image
Don't trade what you think. Just what you see!!!
  • #532,358
  • Jul 1, 2020 9:08am Jul 1, 2020 9:08am
Quoting Scotteyy
{quote} The indecision scared me out of my long +10 pips either way.
one must get out of emotions in trading to get better results.
Intraday only.
  • #532,359
  • Jul 1, 2020 9:10am Jul 1, 2020 9:10am
Quoting navk
{quote} one must get out of emotions in trading to get better results.
Yeh, feel like I have my strategy down its just this one big hurdle thats hurting my profits.
  • #532,360
  • Jul 1, 2020 9:11am Jul 1, 2020 9:11am
patience and confidence in direction pays.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 77 KB
Intraday only.
1,310 traders viewing now