Cable Update (GBPUSD) | Page 26944 | 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)

  • #538,861
  • Jul 28, 2020 1:19pm Jul 28, 2020 1:19pm
No he doesn't consider as a faulty way of going about it,
its classic in these threads,
no person should carry 500 pips loss and still claim victory from wearing the market down into submission to go back to BE .
You could tell him before it happened that model is seriously flawed ,then market proved how risky it is .
But still, it won't be clear in that persons mind till much more pain. Random entries at good levels is what we have to date, based on it cannot go further from previous years July's.Yet George needs the higher TF to be a swing trader as he states.
He never started with that.

Quoting godlike
{quote} Okay, But do you still consider your analysis correct?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #538,862
  • Jul 28, 2020 1:19pm Jul 28, 2020 1:19pm
Quoting ChiForex
{quote} So if u see 1.26..then ur strategy is good and life is beautiful
I will break even mate and life will be beautiful with my capital intact.
Attached Image
Data + Stat + Risk/Emotions Management
  • #538,863
  • Jul 28, 2020 1:19pm Jul 28, 2020 1:19pm
I do expect a corrective move once Tokyo opens.

5 pm EST.

Wake me up.

lol
Intraday only.
  • #538,864
  • Jul 28, 2020 1:20pm Jul 28, 2020 1:20pm
Quoting JayBag
{quote} He sure own a few factories no doubt I doubt he ever running out
FACTS MA MAN

Expecting akim to apear with 4 or 5 busket of popcorn now.
(off topic (popcorn) (debate happening)
GBP/USD
Shouldt we be talking about this pair here?
Expexting to touch 1.29100 and then ...
If not we ride it anyway
  • #538,865
  • Jul 28, 2020 1:21pm Jul 28, 2020 1:21pm
Quoting godlike
{quote} I wouldn't call it embarrass, but while everyone is entitled to their own opinions, good criticism in a thread isn't bad either, I mean how would one grow if you're not shown your faults/mistake.... Just saying
I TOTALLY agree with that premise. My issue is with the delivery. I welcome the open discussion of where my ideas fail. I NEED that. As I am ever learning. Where I differ is that rather than show a fault to the person.. the premise appears to be to show the fault in the person to all. The subtle difference twixt THIS IDEA is wrong, and THIS GUY is an idiot.
Don't compare your trades to others. Most often the masses are the asses
  • #538,866
  • Jul 28, 2020 1:26pm Jul 28, 2020 1:26pm
Quoting HBN08
{quote} FACTS MA MAN Expecting akim to apear with 4 or 5 busket of popcorn now. (off topic (popcorn) (debate happening) GBP/USD Shouldt we be talking about this pair here? Expexting to touch 1.29100 and then ... If not we ride it anyway
Lets prepare the floor for him..

1.291? Possible only if we close below 1.2942 on H1..

until that happens, I can’t risk selling
lets see

like you said, we ride it anyway

SS
  • #538,867
  • Jul 28, 2020 1:27pm Jul 28, 2020 1:27pm
Quoting godlike
{quote} Lol, well if someone with a red badge says something, most people will want to follow

Ahhhhh.... I did wonder about those. Have to investigate how one can prevent that. Last thing I want is folks thinking I am a teacher. Of trading that is..
Don't compare your trades to others. Most often the masses are the asses
  • #538,868
  • Jul 28, 2020 1:28pm Jul 28, 2020 1:28pm
Quoting Georginson
May 17 2020 (1.2073) - (1.2812 ) June 10 2020 = 739 pips June 10 2020 (1.2812) - (1.2250)June 29 2020 = 562 pips June 29 2020 (1.2250) - (1.2951)July 28 2020 = 701 pips July high is asterisked as the high (1.2951) is not yet confirmed. I will less at least 350 pips from whichever high it touches as the possible minimum retracement level. As it stands 1.2951 - 350 = 1.2601. Note: Please no obligation to follow, it is just my thought and analysis process at this point in time.
Hi bro do u still hope it comes down this week? 2600 or lower?
  • #538,869
  • Jul 28, 2020 1:31pm Jul 28, 2020 1:31pm
Closing my GU longs. I smell a retrace coming. We are way to close to 3000, and I feel like Asia and Europe are going to want another go at it. Plus. Nearly 100 pips in the past 12 hours. I could be wrong, but protecting profits. If I am, can just get back in on a 15m retracement. Learned my lesson not jumping off Gold this morning when I saw the same formation.

Possibly 1.29015 bounce, although my daily pattern seems to point to today's NY close closing on highs... Gold looks poised for another rush north. Hmmm .
Don't compare your trades to others. Most often the masses are the asses
  • #538,870
  • Jul 28, 2020 1:35pm Jul 28, 2020 1:35pm
Quoting Sunriser
{quote} Hi bro do u still hope it comes down this week? 2600 or lower?
If not this week, early next week. I know there will be a correction to at least 1.26xx.

Note: no obligation to follow
Data + Stat + Risk/Emotions Management
  • #538,871
  • Jul 28, 2020 1:39pm Jul 28, 2020 1:39pm
Quoting JayBag
{quote} Lets prepare the floor for him.. 1.291? Possible only if we close below 1.2942 on H1.. until that happens, I can’t risk selling lets see like you said, we ride it anyway SS
I will not sell until 1.30 or a little higher, and tomorrow is wednesday so something might happen...
looking at 1H price dont want to close below 1.294 so...i dont need to tell anymore heheh
Only gona trade tomorow anyway
Have a good day Jay
And guys forget that topic Gbp/usd more interesting
  • #538,872
  • Jul 28, 2020 1:42pm Jul 28, 2020 1:42pm
post away Neil ,I'm not your enemy
I want to see good charts, if you're that good now.
throw me some nuggets...what do you make of the up and coming space S+D on the daily
Quoting Neil0163
im Gonna stay quiet incase bones comes at me again LOL love you guys
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #538,873
  • Jul 28, 2020 1:46pm Jul 28, 2020 1:46pm
H4 and above supply and demand levels. important buying at 135, 135.3 past 3 days. price has just moved past the imbalance which was created due to UJ bearish pressure. The fact GJ ate that demand and is now roaming past up toward supply (136.5) makes me believe GBP bulls may reach for the skies (145). but all in due time. next supply above 136.5 at 137.25, then 138, and lastly 140. i will continue my buying, but will now be looking for previous demand levels and imbalances. nearest is 135.7-135.9 that i am looking at for tomorrow's london session. see ya then folks lol
Attached Image (click to enlarge)
Click to Enlarge Name: GJ72820.PNG Size: 257 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gj4h72820.PNG Size: 224 KB
Attached Image (click to enlarge)
Click to Enlarge Name: cotgbp.PNG Size: 55 KB
Attached Image (click to enlarge)
Click to Enlarge Name: cotjj.PNG Size: 53 KB
  • #538,874
  • Jul 28, 2020 1:57pm Jul 28, 2020 1:57pm
Quoting Wavegarrick
{quote} Thanks, Don, yes it is true and I don't like paying swaps over to my broker, nevertheless I do get into trades with positive swaps to more or less balance out the negatives. Cheers Bud.
swaps are only significant if you are overleveraging your trades. If your risking 1 % with a 100 pip stop then swap is so small you can leave your trade running for weeks without any bad feelings
  • #538,875
  • Jul 28, 2020 2:03pm Jul 28, 2020 2:03pm
Quoting WhipKream
H4 and above supply and demand levels. important buying at 135, 135.3 past 3 days. price has just moved past the imbalance which was created due to UJ bearish pressure. The fact GJ ate that demand and is now roaming past up toward supply (136.5) makes me believe GBP bulls may reach for the skies (145). but all in due time. next supply above 136.5 at 137.25, then 138, and lastly 140. i will continue my buying, but will now be looking for previous demand levels and imbalances. nearest is 135.7-135.9 that i am looking at for tomorrow's london session....
It seems to me that you are missing some moving average down there.. between the “green tea” to the the “green watermelon”
  • #538,876
  • Jul 28, 2020 2:05pm Jul 28, 2020 2:05pm
Pitstop for GU ?
News could play Ping Pong with GU...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 86 KB
  • #538,877
  • Jul 28, 2020 2:05pm Jul 28, 2020 2:05pm
Quoting Bones
post away Neil ,I'm not your enemy I want to see good charts, if you're that good now. throw me some nuggets...what do you make of the up and coming space S+D on the daily {quote}
Arrr my friend I give up posting the nuggets in here now I post them in my group instead, resulting in some traders from here who joined potentially catching up to 140 pips for the week so far off GU (not me I’m only up 110 or so after having my butt kicked during London this morning but NY was easy to make the loss back) I’m sure they be more than happy to back me up.
i took your advise and posted my group to in here to allow others to join and see the consistency.
I’m just here for the entertainment value now and too see What the majority of traders are posting here.
Hope you’ve had a good trading day.
  • #538,878
  • Jul 28, 2020 2:08pm Jul 28, 2020 2:08pm
Quoting WhipKream
H4 and above supply and demand levels. important buying at 135, 135.3 past 3 days. price has just moved past the imbalance which was created due to UJ bearish pressure. The fact GJ ate that demand and is now roaming past up toward supply (136.5) makes me believe GBP bulls may reach for the skies (145). but all in due time. next supply above 136.5 at 137.25, then 138, and lastly 140. i will continue my buying, but will now be looking for previous demand levels and imbalances. nearest is 135.7-135.9 that i am looking at for tomorrow's london session....

I am new to COT, so help me out here please. From what I can discern on the 14th there were 64000 Long GBP positions. Now there are 56000. Meaning the long term bias for the GBP is fading from long to short?
Don't compare your trades to others. Most often the masses are the asses
  • #538,879
  • Jul 28, 2020 2:14pm Jul 28, 2020 2:14pm
Quoting OBsayMkMoney
{quote} I am new to COT, so help me out here please. From what I can discern on the 14th there were 64000 Long GBP positions. Now there are 56000. Meaning the long term bias for the GBP is fading from long to short?
No expert but my view on it is. 56k Long, 6k Short. So long term bias is still very much long however the -8000 long positions shows that a percentage of those long's are expecting some sort of pullback in order to get in at a cheaper price, hence why they exited the positions. However they have not placed shorts meaning that they are not expecting much downside. I may be wrong but thats my understanding of it.
  • #538,880
  • Edited 2:43pm Jul 28, 2020 2:24pm | Edited 2:43pm
George I'm sure it looks like I'm attacking you but I hope you know its not that ,
what I want to say is the same thing I said before you started the bearish outlook ,500 pips ago.
Take the lead from the monthly if you want to forecast over distance.The last candle should have given some doubt at least.I hope you continue to share, no need for a disclaimer...
There are many ways to skin this cat, add something more solid is what I'm saying, to your work.
You do not know it will go there for sure on ranges, but I agree it's entering a trouble zone.Which is why I put up a bearish idea.It's very possible this candle will not have any upper wick to speak of.It can consolidate and carry on or just carry on for all we know ,based on that candle.Like the candle I pointed to before which is an October candle 2019, from the same zone.

Quoting Georginson
{quote} If not this week, early next week. I know there will be a correction to at least 1.26xx. Note: no obligation to follow
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Monthly112 .png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
335 traders viewing now