Cable Update (GBPUSD) | Page 27944 | 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)

  • #558,861
  • Nov 13, 2020 4:56pm Nov 13, 2020 4:56pm
Quoting ryuryu
Hah but that guy from Africa MoneyZilla still shorts Tell me how much infinity money should you have to keep that "short"? (oh sorry about your hedge fairy tale to hear)
Clearly you don't seem familiar with his sarcastic comment, get used to it. You'll find his comments amusing

Quoting Georginson
{quote} A lot of bulls will be trapped next week.
Which bull?
Attached Image (click to enlarge)
Click to Enlarge Name: 015a72a420b2b57205ec9faae8964ebb.png Size: 49 KB
  • #558,862
  • Nov 13, 2020 5:03pm Nov 13, 2020 5:03pm
Quoting IPMan
{quote} Clearly you don't seem familiar with his sarcastic comment, get used to it. You'll find his comments amusing {quote} Which bull? {image}
The thing with pound...a 200 pip profit can easily turn into a 200 pip loss...I wouldn't hold any position so long, but thats me.
Everyone can see the chart, but only a few can actually read it.
  • #558,863
  • Nov 13, 2020 5:09pm Nov 13, 2020 5:09pm
Quoting OnlineAddict
{quote} The thing with pound...a 200 pip profit can easily turn into a 200 pip loss...I wouldn't hold any position so long, but thats me.
Well... 19 weeks. What can I say?
Attached Image (click to enlarge)
Click to Enlarge Name: e3f9ad5597c028dc737ff608a4caab4b.png Size: 22 KB
  • #558,864
  • Nov 13, 2020 5:09pm Nov 13, 2020 5:09pm
Quoting OnlineAddict
{quote} The thing with pound...a 200 pip profit can easily turn into a 200 pip loss...I wouldn't hold any position so long, but thats me.
Same here I close all my trades at the end of the trading day. The problem with cable is that the ATR has gone down the tube lately (probably because of Brexit) so there are less good trading opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM10.png Size: 37 KB
  • #558,865
  • Nov 13, 2020 5:19pm Nov 13, 2020 5:19pm
Quoting IPMan
{quote} Well... 19 weeks. What can I say? {image}
Well, its never profit, until its closed. I would wish you good luck with those, but I can't, since we are trading against each other now.
Everyone can see the chart, but only a few can actually read it.
  • #558,866
  • Nov 13, 2020 5:23pm Nov 13, 2020 5:23pm
Quoting OnlineAddict
{quote} Well, its never profit, until its closed. I would wish you good luck with those, but I can't, since we are trading against each other now.
Got it in control, even if you're right. SLs are in green position
  • #558,867
  • Nov 13, 2020 6:14pm Nov 13, 2020 6:14pm
Nice view in the morning when I saw all the charts grow by themselves
  • #558,868
  • Nov 13, 2020 9:52pm Nov 13, 2020 9:52pm
Quoting IPMan
{quote} Well... 19 weeks. What can I say? {image}
I like your stops, you will win whichever way.
Data + Stat + Risk/Emotions Management
  • #558,869
  • Nov 13, 2020 11:13pm Nov 13, 2020 11:13pm
Will put my sl at 1.32100
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 21 KB
Click to Enlarge Name: gu2.png Size: 27 KB
yes yes yes
  • #558,870
  • Edited 1:18am Nov 14, 2020 12:53am | Edited 1:18am
Quoting Barnell
I am just drinking my scotch and chilling, I have no idea what Bailey is talking, but there is a good chance we make a new high and if bears are not careful, we settle above 1.32 today.
I warned you guys, yet so many want to sell at the range of 1.315x to 1.318x. Pfft. A stubborn ox asked me for advice 3 days ago and I told him to close his GU sells when it came down, he refused and added more sells at 1.311x and he calls himself a trader.

I won't be surprised to see this move towards 1.33 again. Look at UJ and DXY and you might figure out why.
I will tear the world apart for you.
  • #558,871
  • Nov 14, 2020 1:12am Nov 14, 2020 1:12am
Also just saw the stubborn deluded ox ignored me here, lol. Well, when he was having his panties in a bunch, I gave him an intraday 130 pips trade and gave him another trade to hedge against when GU tested 1.33 a few days ago. This is what I get, cool. I do know he has GU sells at 1.3080 and AU sells at 0.7235, so once these two pairs move up big (AU looks like it will move to 0.7360), I know his account will go deep red, trololol.

Good weekend to all. I ran an experiment this week, made a 2.6k profit using 1k capital, so will be rewarding myself big this weekend.
I will tear the world apart for you.
  • #558,872
  • Nov 14, 2020 2:20am Nov 14, 2020 2:20am
Quoting Barnell
{quote} I warned you guys, yet so many want to sell at the range of 1.315x to 1.318x. Pfft. A stubborn ox asked me for advice 3 days ago and I told him to close his GU sells when it came down, he refused and added more sells at 1.311x and he calls himself a trader. I won't be surprised to see this move towards 1.33 again. Look at UJ and DXY and you might figure out why.
It depends on their trading system. Swing or scalp, whichever way you see it buying at 1.3200 is still top area for this year only.

Once 2021 kicks in, buying at 1.30/1.32 will be a long term bargain as price looks set to attack 1.43 area.
Data + Stat + Risk/Emotions Management
  • #558,873
  • Nov 14, 2020 3:24am Nov 14, 2020 3:24am
Here is my analysis of why i think we could be heading into the third phase of a correction

On the daily chart, the major trend in blue is clearly up, the intermediate in red, clearly up, the minor waves are the price bars within each red swing.

Now if we drop down to the 4H you can clearly see that each one of the minor waves has a trend within it corrective or impulsive, so why should the current minor wave be any different to the rest? and i have never seen a minor correction with only one swing, the problem we have is we do not know what shape the correction will take , it could be sideways, or sharp.

This does not mean we should blindly go short without waiting for other confirmation signals.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB
Follow The Markets Structure - Patience and Discipline
  • #558,874
  • Nov 14, 2020 4:15am Nov 14, 2020 4:15am
Next week aim for 1.3300 area
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 89 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #558,875
  • Nov 14, 2020 4:18am Nov 14, 2020 4:18am
Quoting Yngwie
Next week aim for 1.3300 area {image}
Likely to be done by Tuesday/Wednesday.

Bulls will be gunning for 1.3470.
I will tear the world apart for you.
  • #558,876
  • Nov 14, 2020 4:22am Nov 14, 2020 4:22am
Quoting VM.
{quote} If there is a deal, it would be the easiest sell in the world. But I can't see a deal next week, maybe a bit later.
With Cummings leaving, something is happening for sure.
Probably he is upset with pm decision
Twitter: Rummer_grapes
  • #558,877
  • Nov 14, 2020 4:28am Nov 14, 2020 4:28am
Quoting Bacco
{quote} With Cummings leaving, something is happening for sure. Probably he is upset with pm decision
My guess would be Boris wants to make some shitty deal with the EU, just so he doesn't get the heat for a no-deal brexit.
Everyone can see the chart, but only a few can actually read it.
  • #558,878
  • Nov 14, 2020 4:32am Nov 14, 2020 4:32am
Quoting OnlineAddict
{quote} My guess would be Boris wants to make some shitty deal with the EU, just so he doesn't get the heat for a no-deal brexit.
And would a shitty deal be good or bad for cable?
I will tear the world apart for you.
  • #558,879
  • Nov 14, 2020 4:54am Nov 14, 2020 4:54am
Quoting Barnell
{quote} And would a shitty deal be good or bad for cable?
I don't care for the "noise", cable will drop, no matter what happens fundamentally. I just follow the chart.
Everyone can see the chart, but only a few can actually read it.
  • #558,880
  • Nov 14, 2020 5:19am Nov 14, 2020 5:19am
...so, price closed right at it's hi, and recovered 76.4% of the thursday 3228-3107 fall right at Friday's dly R1/said 76.4% fib, these @ top of the prev 1hr/4hr sw hi/lo then 1hr hi zone . 50% of the total 3314-3107 fall is next upside fib @ 3211. 61.8% of same is @ 3235. No sign of the right shoulder on the potential 4hr H&S yet.

Next week probably key re Brexit negotiations so could see a bumpy week. I wonder if Uk Pm's loss of his 2 closest (and rabid brexiteer) advisors this week signals that a deal is more likely ?
Attached Image
Trader with an Edge.
995 traders viewing now