Cable Update (GBPUSD) | Page 27102 | 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)

  • #542,021
  • Aug 11, 2020 9:14am Aug 11, 2020 9:14am
Quoting pipfarm
{quote} Strange no short entry signal given on the gbpusd short maybe the current up swing is part of a daily correction abc ,will see tomorrow when the -20 gdp figures are announced and we are officially in recession and worst of all the G7 countries but the gold trade was perfect dropped 85 dollars {image}
It was announced over here a couple of weeks back that Australia is now in recession, it was no big deal given the current situation.....
Wonder how the markets will react to the news in the UK
Don't Leave Money on the Table
  • #542,022
  • Aug 11, 2020 9:14am Aug 11, 2020 9:14am
im keeping out of cable for now , the current hourly move up does not look impulsive , looks more corrective to me, still think its will drop its just a question of waiting


i think its gonna be a slam dunk suprise massive down move tomorrow or overnight
Follow The Markets Structure - Patience and Discipline
  • #542,023
  • Aug 11, 2020 9:22am Aug 11, 2020 9:22am
I Let this here to see how it plays
Tp at 1.30600
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 119 KB
  • #542,024
  • Aug 11, 2020 9:33am Aug 11, 2020 9:33am
I think cable is being pulled up by GBPJPY breaking above a 6-day tight bullish flag.
Now GBPJPY being drawn towards its 5thJune high (139.74) and 140 figure, which is like only 70 GBPJPY pips away.
Likely many orders there waiting to trigger.
  • #542,025
  • Aug 11, 2020 9:36am Aug 11, 2020 9:36am
Quoting HBN08
I Let this here to see how it plays Tp at 1.30600 {image}
Closed manually to risky , got some pips
Must be sure this is nnot a retest in the trend line in usdix
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 60 KB
  • #542,026
  • Aug 11, 2020 10:00am Aug 11, 2020 10:00am
dont understand why price is dropping

the only think in my mind is.. well, this is forex.
  • #542,027
  • Aug 11, 2020 10:02am Aug 11, 2020 10:02am
Quoting OxyGen_FX
I think cable is being pulled up by GBPJPY breaking above a 6-day tight bullish flag. Now GBPJPY being drawn towards its 5thJune high (139.74) and 140 figure, which is like only 70 GBPJPY pips away. Likely many orders there waiting to trigger.
tought the same, on other days it was on the opposite GU was leading and GJ was following. GJ Long was today a good opportunity
  • #542,028
  • Aug 11, 2020 10:04am Aug 11, 2020 10:04am
Quoting gatenio
dont understand why price is dropping the only think in my mind is.. well, this is forex.
Its in full retard mode i guess, still.... very confusing for everyone for sure
  • #542,029
  • Aug 11, 2020 10:14am Aug 11, 2020 10:14am
Quoting Fredo219
I pray this downtrend continues so i can short cable on Wednesday . This will be my first trade for the month (Wednesday). Have a great weekend guys
Patience.....
  • #542,030
  • Aug 11, 2020 10:19am Aug 11, 2020 10:19am
Down Down Down
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #542,031
  • Aug 11, 2020 10:20am Aug 11, 2020 10:20am
Trapped in the Bermuda Triangle.. Time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: my view.jpg Size: 250 KB
  • #542,032
  • Aug 11, 2020 10:22am Aug 11, 2020 10:22am
The market always corrects in 3 waves, sometimes its zigzag sometimes triangle etc, no 3 wave correction in cable based on the dip LL LH from daily which i watch on the hourly for the 3 swings and entry and i did not see the 3rd swing yet, now daily has a HH HL which i think is a trap for bulls ,so that is telling me i should be watching the 4 Hour for the swings and entry,,, based on that we could be moving into a very big abc (c)swing down. i could be wrong but my entry signal is usually pretty good and without that i will not do anything.

When the c swing starts moving it is usually pretty strong.
Follow The Markets Structure - Patience and Discipline
  • #542,033
  • Aug 11, 2020 10:24am Aug 11, 2020 10:24am
Quoting mkvy
{quote} Its in full retard mode i guess, still.... very confusing for everyone for sure
Market is ranging up and down with no clear direction mostly we retail trader make losses in this type of situation better avoid trading and enjoy life.
We should know when not to trade !
Newbie
  • #542,034
  • Aug 11, 2020 10:36am Aug 11, 2020 10:36am
Quoting gatenio
dont understand why price is dropping the only think in my mind is.. well, this is forex.
because H4 hit 3131
As long as H4 stays above 3063 it can still attack that level ad push up.

below 3063 it all changes
in wondering about yourself, you forgot what you came here to be part of
  • #542,035
  • Edited 10:46am Aug 11, 2020 10:36am | Edited 10:46am
this is so good , thanks to the guy who posted this
Attached Image
  • #542,036
  • Aug 11, 2020 10:36am Aug 11, 2020 10:36am
Obviously cable want to go down. Unfortunately USDX stuck at daily pivot.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #542,037
  • Aug 11, 2020 10:38am Aug 11, 2020 10:38am
Any trader having joy in this GBPUSD sideways market atm? Maybe scalpers.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
  • #542,038
  • Aug 11, 2020 10:41am Aug 11, 2020 10:41am
the price needs to stay above 3075 and needs to break 3100
Intraday only.
  • #542,039
  • Aug 11, 2020 10:47am Aug 11, 2020 10:47am
Short GBPUSD. Although it went up together with the rest of the Majors, with 1.32 being a magnet, and GJ had just broke above bull flag, there seems to be no follow-thru. In fact, Majors all reverse the NY session gains.
  • #542,040
  • Aug 11, 2020 10:49am Aug 11, 2020 10:49am
i love this last wick
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 22 KB
yes yes yes
498 traders viewing now