Cable Update (GBPUSD) | Page 27429 | 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)

  • #548,561
  • Sep 16, 2020 10:44am Sep 16, 2020 10:44am
Quoting ChiForex
{quote} This post from 2 days ago..still continuing to target 1.2980s good sell level and no better than if targeted before FED decision today, to hold on the order for big profit starting from back to 1.2880s..
Target met for long positions, and short executed 1.2988, holding it for after Fed decision in few hours.
Current breakout from 1.2980s might just be fake...only convincing base above 1.30 might target 1.3025-50 Max. Movement for today if done.
So from here a good SL can be 1.3060, first Tp 1.2880s, and use of trailing stop when necessary.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #548,562
  • Sep 16, 2020 10:49am Sep 16, 2020 10:49am
Quoting Not-KPMG
{quote} What a nice question Well.... I'm torn. There's reasons pound is strong now. One is usual lies, meetings, Brexit shills.... I don't see that far buddy. I see 1.3030 and around there.... May reverse. . .. But higher???? Don't forget when little retail wannabes turn to long, pound will craaash. So they'll crash it 3050 maybe 3110 area. No need higher... Noone knows. My thinking.... Then wait, sell... Wait 1.25 buy....

Hye man... Long time no see..

Buying GU at 1.25??
Forex Fund manager / Copy trade
  • #548,563
  • Sep 16, 2020 10:49am Sep 16, 2020 10:49am
Quoting The Magician
Down doggy, down!!
Good doggy! Out! That’s enough sweating for one day. Good pips to all!!
  • #548,564
  • Sep 16, 2020 10:50am Sep 16, 2020 10:50am
Just back at desk updating pot supp/res charts...61.8% of y/day's pip range @ Dly R2 exceeded in run up and 1hr/4hr rising channel top and 30 day adr hi @/around the current hi. ...price finding supply there. 104% 30 day adr travelled so far today, 87% 13 week awr so far this month. Immediately above the current hi the prev 1hr/4hr sw hi zone to 3034 with 38.2% of the main 3482-2762 fall at 3036. Fomc to come - will be back for that - see if anything sets-up if volatility (and hopefully momentum too) results from it. 1hr is below.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
Trader with an Edge.
  • #548,565
  • Sep 16, 2020 10:51am Sep 16, 2020 10:51am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people
Nonsense, if you use proper money management, you shouldn’t be hurt or afraid to trade before, during or after news. If you afraid to take a loss, you are in the wrong business or your money management is wrong.
  • #548,566
  • Sep 16, 2020 10:54am Sep 16, 2020 10:54am
Quoting corongumet
It's possible for Taking Profit. I'm out for today 1.2995 {image}
its done, I think to sell if I get a signal. My target is 1.2940 minimum. the reason, climax volume, and Stochastick RSI.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
  • #548,567
  • Sep 16, 2020 10:55am Sep 16, 2020 10:55am
Quoting BitcoinBoff
{quote} Yep, I still not convinced its gona run too high, like i said, in my world, ADR sits at 1.3018 and in Qtrs theory a break of a solid, and a reverse below 7.5 pts above solid can be a reversal or not braking the first 25pts any case, im not in guessing the future, just an experiment to chat abt it I trade M1 "wave pods" , so for me this was just a buy between 1.2976 and 1.2995, tons such moves everyday, hit it with half my acc on margin, in out in out
Hi, can you tell a little bit more about your "wave pods" method? I ask because i'm learning to scalp m1 and also i didn't see any buy opportunity in 2976-2995 range (would be cool to learn something new)
  • #548,568
  • Sep 16, 2020 11:03am Sep 16, 2020 11:03am
fomc 1.29?
tomorrow 1.284?

bearish gartley on h1 look good.
i will share it later, not infornt my laptop
  • #548,569
  • Sep 16, 2020 11:04am Sep 16, 2020 11:04am
  • #548,570
  • Sep 16, 2020 11:19am Sep 16, 2020 11:19am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people

It all depends what type of trader you are....

Each to his own
  • #548,571
  • Sep 16, 2020 11:24am Sep 16, 2020 11:24am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people
Why no trades? I made money buying GU.. So can you kindly enlighten me please
Le$$ I$ More
  • #548,572
  • Sep 16, 2020 11:25am Sep 16, 2020 11:25am
Quoting krakovskaya
{quote} Hi, can you tell a little bit more about your "wave pods" method? I ask because i'm learning to scalp m1 and also i didn't see any buy opportunity in 2976-2995 range (would be cool to learn something new)

Dude,

16 months out of society in isolation
12 to 15 hrs a day, just studying FX

THATS when you start to grasp what is happening
THATS when you can speak with authority on M1
THATS when you can start face the last of your own demons
THATS when you can trade M1 with 100% success

To explain to you in a thread on a website

IMPOSSIBLE

All I can say is :

Ass in seat
tons and tons and thousands of hours
NO shortcut in FX

And, once you personally have reached that level, see hou you gona answer a newbie....lol

And remeber
This is a GAME
We take money from each other
Someone must loose, for someone to win

Now, will it be good practise to share all the secrets of the goose that can lay the golden eggs...?

Hints here and there yes

Sorry to be hard, but FX is hard
  • #548,573
  • Sep 16, 2020 11:27am Sep 16, 2020 11:27am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people
Perhaps from a seller perspective. Buyers are rich before the news
Keep the Lights on then you can catch the rise from the dark.
  • #548,574
  • Sep 16, 2020 11:27am Sep 16, 2020 11:27am
eu looks like going to drop after FOMC
Intraday only.
  • #548,575
  • Edited 11:43am Sep 16, 2020 11:32am | Edited 11:43am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people
How many times have you read? "the market has priced in", "the market has percieved". I guess if news disappoints in a big way the big Boyz have an excuse to manipulate. If I read into news all day I will never trade. Look at NFP nowadays, not such a big event like years ago. If the market has priced in just follow price. If the market has percieved just follow price. If news dissapoints make sure you have your stops in place. At any rate have it in place at all times.

If you are fearfull to open a trade you will become eratic and emotional. You will lose perspective of price action. Not good for business.

Trade your trade and lock in.
Food for thought
Cheers.
Trade to trade another day
  • #548,576
  • Sep 16, 2020 11:44am Sep 16, 2020 11:44am
Quoting Wavegarrick
{quote} How many times have you read? "the market has priced in", "the market has percieved". I guess if news disappoints in a big way the big Boyz have an excuse to manipulate. If I read into news all day I will never trade. Look at NFP nowadays, not such a big event like years ago. If the market has priced in just follow price. If the market has percieved just follow price. If news dissapoints make sure you have your stops in place. At any rate have it in place at all times. If you are fearfull to open a trade you will become eratic and emotional....
Look at NFP nowadays, not such a big event like years ago.

VERY TRUE
  • #548,577
  • Sep 16, 2020 11:56am Sep 16, 2020 11:56am
Quoting epzero
when i said no trade until the FOMC people didn't understand now see how the market is hurting people
You've been really noisy for sometime now, just few months ago, you were crying about large drawdown and loss now you've had a few good days and you've began to play "god" or "pro" trader like you're some kind of market marker. If you're not going to back your posts with some charts and reasoning, you better quiet down and stop telling people what to do with their money when you're not even sure of yours.

Btw I saw a post of yours where you claimed to have been trading for about 10 years or more and make around $800 a day. Just so you know, that's nothing impressive and you don't look like you've even traded up to year.

I'm sorry for my long yapping but you've been really noisy for so long, even getting into an argument with a great trader like Akim ,

Just a word mate, try to quiet down on how people should trade or at least back your words with solid reasoning and charts.

And please don't reply me, I'm not interested in an argument or messing up the thread
  • #548,578
  • Sep 16, 2020 12:01pm Sep 16, 2020 12:01pm
Quoting BitcoinBoff
{quote} Dude, 16 months out of society in isolation 12 to 15 hrs a day, just studying FX THATS when you start to grasp what is happening THATS when you can speak with authority on M1 THATS when you can start face the last of your own demons THATS when you can trade M1 with 100% success To explain to you in a thread on a website IMPOSSIBLE All I can say is : Ass in seat tons and tons and thousands of hours NO shortcut in FX And, once you personally have reached that level, see hou you gona answer a newbie....lol And remeber This is a GAME We take...
did you know that a wave-pod is also a weed-vape product?
in wondering about yourself, you forgot what you came here to be part of
  • #548,579
  • Sep 16, 2020 12:02pm Sep 16, 2020 12:02pm
Quoting krakovskaya
{quote} Hi, can you tell a little bit more about your "wave pods" method? I ask because i'm learning to scalp m1 and also i didn't see any buy opportunity in 2976-2995 range (would be cool to learn something new)
here you have it the set up...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.16.1M.png Size: 68 KB
Always trade your own plan...I don't provide trading signals.
  • #548,580
  • Sep 16, 2020 12:02pm Sep 16, 2020 12:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 34 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 29 KB
yes yes yes
160 traders viewing now, 2 are registered:
luisinho
,