Cable Update (GBPUSD) | Page 27516 | 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)

  • #550,301
  • Sep 28, 2020 5:56am Sep 28, 2020 5:56am
Last stop 2950. Then down. It could be even earlier than that.
Twitter: Rummer_grapes
  • #550,302
  • Sep 28, 2020 5:56am Sep 28, 2020 5:56am
GU broke its downtrend TL and R @ 1.28. The next R @ 1.30.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 928.PNG Size: 118 KB
  • #550,303
  • Sep 28, 2020 5:58am Sep 28, 2020 5:58am
Quoting michisuperfr
short term were overbought but mid term the market can easily go to 1.33 area careful with counter trading {image}

I wish you are absolutely right about 1.33! The sooner and faster, the better!
Maadik Hugiis. IQ 69.
  • #550,304
  • Sep 28, 2020 5:58am Sep 28, 2020 5:58am
morning
  • #550,305
  • Sep 28, 2020 6:01am Sep 28, 2020 6:01am
Quoting nessus94
{quote} price will return to 1.2862 today
No it will not. Champagne is popping, beer is foaming and steaks are roasting in the City
  • #550,306
  • Sep 28, 2020 6:02am Sep 28, 2020 6:02am
1.29 should block
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: eg.png Size: 35 KB
yes yes yes
  • #550,307
  • Sep 28, 2020 6:05am Sep 28, 2020 6:05am
Quoting WaspyGlasses
{quote} No it will not. Champagne is popping, beer is foaming and steaks are roasting in the City
and 1,2760 this week
Make money by doing the opposite of Giveachance aka loser
  • #550,308
  • Sep 28, 2020 6:07am Sep 28, 2020 6:07am
Quoting shahab8b
GU broke its downtrend TL and R @ 1.28. The next R @ 1.30. {image}
From my point of view the trendline is a very subjective thing. There are several that during an uptrend or downtrend can be drawn. But price not very often will respect a line. I think that is not only a line broken that can decide when a trend is finishing or starting.

But anyway. To measure the strenght of the trend i use a protactor to determine the angle. As long as is inside the 30 degreee trend is still intact (in this case the 1.30 area). If price will start to go higher (driving the degree below 30) for me it means the trend is weak and is ending probably.
Twitter: Rummer_grapes
  • #550,309
  • Sep 28, 2020 6:13am Sep 28, 2020 6:13am
Quoting nessus94
{quote} price will return to 1.2862 today
Why will it? The market could also consolidate from here or push further.
  • #550,310
  • Sep 28, 2020 6:16am Sep 28, 2020 6:16am
Quoting left-brained
{quote} Why will it? The market could also consolidate from here or push further.
it is important area from a breakout-divergence-volume point of view
Make money by doing the opposite of Giveachance aka loser
  • #550,311
  • Sep 28, 2020 6:16am Sep 28, 2020 6:16am
Quoting Tiyok
Last weeks bear struggle @1.271, i expect there's rebound to 1.291 to load short.
H4 rebound accomplished today. Still need waiting for new HH, then HL as down continuation momentum.

I'm bear as long 1.296 hold.
wish me pips
  • #550,312
  • Sep 28, 2020 6:24am Sep 28, 2020 6:24am
Quoting Moty
1.29 should block {image} {image}
how are you not stopped out yet? i see u took out half the position tho

you'd actually do alright sometimes in trading if u knew when to take a loss
  • #550,313
  • Sep 28, 2020 6:25am Sep 28, 2020 6:25am
Quoting greengp
{quote} IT CAN GO TO 1.28661
both my targets are met . i am looking at 1.29600
  • #550,314
  • Sep 28, 2020 6:28am Sep 28, 2020 6:28am
GU will have to retrace to 1.2860s to decide what to do next from there!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #550,315
  • Sep 28, 2020 6:30am Sep 28, 2020 6:30am
Quoting Georginson
Safe to take a buy here at 1.2725 area .... If price falls further to 1.2690 ... Take second buy Target 1.2800. Trade with caution.
If anyone took this, then the target must have been met.
Data + Stat + Risk/Emotions Management
  • #550,316
  • Sep 28, 2020 6:31am Sep 28, 2020 6:31am
Interesting move. Combination of risk on (probably end of month flows unfavourable to dollar) and sudden Brexit optimism. The latter in my opinion is misplaced, we are no closer to a deal now than we were a week or two ago. The EU and UK red lines are still there, and they are still incompatible. Maybe a deal will be struck, but I don't see how it would happen this week.
  • #550,317
  • Sep 28, 2020 6:31am Sep 28, 2020 6:31am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 38 KB
yes yes yes
  • #550,318
  • Sep 28, 2020 6:32am Sep 28, 2020 6:32am
Now for anyone who cares to apply, take a sell here at 1.2900 and second sell limit at 1.2960 then target 1.2570. allow for 10 - 12 trade days.

Stay patient and trade with good money management.
Data + Stat + Risk/Emotions Management
  • #550,319
  • Sep 28, 2020 6:43am Sep 28, 2020 6:43am
Some times round numbers may not work / interesting day of momentum
  • #550,320
  • Sep 28, 2020 6:43am Sep 28, 2020 6:43am
Jeezzz,,, it still builds an up momentum... damn .. wheres my teddy bear ....
Attached Image
Trade with prediction = witch with her visions lol
316 traders viewing now