Cable Update (GBPUSD) | Page 27062 | 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)

  • #541,221
  • Aug 6, 2020 6:26am Aug 6, 2020 6:26am
GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March.
But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" bull trend.
Like a magnet.

I will avoid this pair, and see its reaction as it nears 1.32.
I will not Long, as it is in a mature rally, other Majors also pausing.
I will not short, just in case it touch 1.32 (and falling trendline) and massive orders triggered and shoot up 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 46 KB
  • #541,222
  • Aug 6, 2020 6:30am Aug 6, 2020 6:30am
Usdix cancome up a little up to 93.200 max in my view..(if it comes up)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 113 KB
  • #541,223
  • Aug 6, 2020 6:32am Aug 6, 2020 6:32am
Quoting gatenio
looking for deep..
not the best day, didnt get decent deep.
but i can buy lunch today.

im done for today - sorry for not posted trades, just scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 31 KB
  • #541,224
  • Aug 6, 2020 6:33am Aug 6, 2020 6:33am
Quoting mkvy
Its easy to ignore one person. But when the whole thread is taken over by one persons stupidity then there is a systemic problem

I thought you started your own thread to ignore this person? Please stop spamming us with the same content over and over again. Either ignore him, or get back your your thread if this one doesn't suit your needs, simple!
  • #541,225
  • Aug 6, 2020 6:33am Aug 6, 2020 6:33am
when i speak about daily candles-i speak about wave-red wave,candles can be any-green also.
  • #541,226
  • Aug 6, 2020 6:35am Aug 6, 2020 6:35am
Waiting price hit that top triangle line
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 34 KB
  • #541,227
  • Aug 6, 2020 6:40am Aug 6, 2020 6:40am
News can influence price when Ny opens tho..my charts tell me it might drop (dispite price has more room to go up) but news that came out..something tells me the market will have a good move today in NY

Hmm 1.33500 may be a long term target...(just saying)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 82 KB
  • #541,228
  • Aug 6, 2020 6:42am Aug 6, 2020 6:42am
Quoting Moty
{quote} you realy believe that gu will cross this zone so easily , or at least without retrace ? {image}
Yups, look like it will go down. The question is "when it will happen?". Step by step, from M5 first.
  • #541,229
  • Aug 6, 2020 6:43am Aug 6, 2020 6:43am
Quoting Moty
{quote} you realy believe that gu will cross this zone so easily , or at least without retrace ? {image}
US index wants 91.0x and even more to 89.5x

So, until that I prefer only buy on deep ... (imo)

  • #541,230
  • Aug 6, 2020 6:44am Aug 6, 2020 6:44am
Quoting gatenio
{quote} not the best day, didnt get decent deep. but i can buy lunch today. im done for today - sorry for not posted trades, just scalping. {image}
expansive lunch
Make money by doing the opposite of Giveachance aka loser
  • #541,231
  • Aug 6, 2020 6:49am Aug 6, 2020 6:49am
Quoting seincard
{quote} US index wants 91.0x and even more to 89.5x So, until that I prefer only buy on deep ... (imo)
The Japanese government will have multiple epileptic fits if DXY goes down that far, so expect intervention from the Japanese when you least expect it like they have done many times B4.
Their nervousness is palpable....LOL
A falling dollar has a big negative impact on the Japanese economy
Don't Leave Money on the Table
  • #541,232
  • Aug 6, 2020 6:53am Aug 6, 2020 6:53am
Simple, direct technical analysis there mate. So traders who are in the market should not linger in the market; take your profit and wait for another setup if you love scalping.

KP

Quoting OxyGen_FX
GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March. But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" bull trend. Like a magnet. I will avoid this pair, and see its reaction as it nears 1.32....
Do your homework, follow the footprints of smart money
  • #541,233
  • Aug 6, 2020 6:58am Aug 6, 2020 6:58am
Quoting mkvy
{quote} The main problem is one member as the whole forums time is wasted on him. Needs to be suspended from forex factory for a week. Then we can all get on with helping each other instead of wasting our time on one who never listens
If you feel like you don't get enough attention, try to ad more value to your posts.
  • #541,234
  • Aug 6, 2020 7:11am Aug 6, 2020 7:11am
In other words, make your posts more valuable to members and more relevant to the thread.

KP

Quoting josef
{quote} If you feel like you don't get enough attention, try to ad more value to your posts.
Do your homework, follow the footprints of smart money
  • #541,235
  • Aug 6, 2020 7:16am Aug 6, 2020 7:16am
The move is cooking
  • #541,236
  • Aug 6, 2020 7:17am Aug 6, 2020 7:17am
C'mon Old Lady take a bow, 3130 please
Don't Leave Money on the Table
  • #541,237
  • Aug 6, 2020 7:20am Aug 6, 2020 7:20am
Quoting HBN08
The move is cooking
down move?
  • #541,238
  • Aug 6, 2020 7:23am Aug 6, 2020 7:23am
Quoting gatenio
{quote} down move?
hey ,in my opinion depends how this candleclose, above or below 1.31500 , plus index is rejecting 92.500 and 93 atm .. lets see bro..no conclusive direction..but if usdix continues to reject i expect a up move in gbp.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 63 KB
  • #541,239
  • Aug 6, 2020 7:32am Aug 6, 2020 7:32am
Quoting HBN08
{quote} hey ,in my opinion depends how this candleclose, above or below 1.31500 , plus index is rejecting 92.500 lets see bro..no conclusive direction..but if usdix continues to reject i expect a up move in gbp. {image}
i like you so i will share with you something.
if h1 and h4 uptrend (im not even talk about daily and weekly)
don't sell it no matter what, never try to guess when it will flip (you can guess, dont sell)
you just need to decide on lower tf like m15 (my favorite) when you are stop buying or close your open buys for you to not lose too much.

i dont say it is not going down, just let you know what i've learned while throwing a lot of money to the garbage.
when you holding a loser trade it help you recognize wonderful things (better not holding losing trades, lol)
  • #541,240
  • Aug 6, 2020 7:32am Aug 6, 2020 7:32am
Quoting OxyGen_FX
GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March. But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" bull trend. Like a magnet. I will avoid this pair, and see its reaction as it nears 1.32. I will not Long, as it is in a mature rally, other Majors also pausing. I will not short, just in case it touch 1.32 (and falling trendline) and massive orders triggered and shoot up 100 pips.{image}
I would say it is a mature rally. 936 pips in 5 weeks. At minimum, I would expect a 300 pips correction (profit taking) soon.
Observation is the path to discovery.
996 traders viewing now, 2 are registered:
Waveskierrob
,