Cable Update (GBPUSD) | Page 27947 | 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)

  • #558,921
  • Nov 15, 2020 7:37am Nov 15, 2020 7:37am
Quoting genadi
{quote} do you use stop losses for your trades? or positions are very very small ?
I trade small without stops because GU is only a small part of my portfolio
And whenever i see my system telling me the opposite, i cut and reverse (win or loss)
COT: The precious data ignored
  • #558,922
  • Nov 15, 2020 9:22am Nov 15, 2020 9:22am
Quoting fxmasterdxb
I have conducted deep analysis for the pairs I trade, comparing similar setups in the past and using my system technique and have decided to do the following as my plan: 1. Cable, I will buying the dips “carefully” to 1.3660 - 1.3780, will look for some weakness between those two levels to sell it, I expect it to drop hard to sub 1.15. I expect the move to 1.36-1.37 to be completed somewhere between end Nov to beginning Jan 2. EU, similar setup of cable, “careful” buying to 1.2050 to 1.2115 and then selling depending on weakness 3. Gold, “careful”...
Dude.

brexit is in the house.

news of deal cable will spike.

realisation deal isn’t as good for U.K. as lows seen earlier in the year.

it plummets.

that’s how I see it.
Que Sera
  • #558,923
  • Nov 15, 2020 10:09am Nov 15, 2020 10:09am
Ah, the week begins soon. How thrilling.
I will tear the world apart for you.
  • #558,924
  • Nov 15, 2020 10:21am Nov 15, 2020 10:21am
Quoting Catempire
{quote} Dude. brexit is in the house. news of deal cable will spike. realisation deal isn’t as good for U.K. as lows seen earlier in the year. it plummets. that’s how I see it.
Hi there,
Please clarify your point of view, you said news of deal cable will spike then you say deal is not good for uk.

please clarify in order for me to respond
  • #558,925
  • Nov 15, 2020 10:53am Nov 15, 2020 10:53am
I was out of my long last Friday. So this weeks first trade would be sellstop 1.3150 tp 1.3050. If it works long the 1.3050...lets see
  • #558,926
  • Nov 15, 2020 11:17am Nov 15, 2020 11:17am
Quoting fxmasterdxb
{quote} Hi there, Please clarify your point of view, you said news of deal cable will spike then you say deal is not good for uk. please clarify in order for me to respond
I think what is meant here is:
Deal concluded => GU up.
After that, markets realise deal is bad => GU down.

I hold similar view, with some modifications. 1) I think we will have another leg down before a deal is reached. It looks as if this week's deadline will be missed. 2) Markets know already that a deal solves nothing, so a drop will start more or less immediately after the spike.
  • #558,927
  • Nov 15, 2020 11:33am Nov 15, 2020 11:33am
Quoting VM.
{quote} I think what is meant here is: Deal concluded => GU up. After that, markets realise deal is bad => GU down. I hold similar view, with some modifications. 1) I think we will have another leg down before a deal is reached. It looks as if this week's deadline will be missed. 2) Markets know already that a deal solves nothing, so a drop will start more or less immediately after the spike.
If you read my original post, this is exactly what i was implying
  • #558,928
  • Nov 15, 2020 1:01pm Nov 15, 2020 1:01pm
Bears rejoice...CNBC showing 1.3162...
I will tear the world apart for you.
  • #558,929
  • Nov 15, 2020 1:04pm Nov 15, 2020 1:04pm
Quoting Barnell
Bears rejoice...CNBC showing 1.3162...
I didn't know CNBC is a broker...its pointless to check data at websites which need to take it from other sources, anyway.
Everyone can see the chart, but only a few can actually read it.
  • #558,930
  • Nov 15, 2020 1:07pm Nov 15, 2020 1:07pm
Quoting OnlineAddict
{quote} I didn't know CNBC is a broker...its pointless to check data at websites which need to take it from other sources, anyway.
Didn't know financial sites meant nothing.

Guess I should throw out my Bloomberg terminal.
I will tear the world apart for you.
  • #558,931
  • Nov 15, 2020 1:13pm Nov 15, 2020 1:13pm
Quoting Barnell
{quote} Didn't know financial sites meant nothing. Guess I should throw out my Bloomberg terminal.
Yes, you can do that.
Everyone can see the chart, but only a few can actually read it.
  • #558,932
  • Nov 15, 2020 1:34pm Nov 15, 2020 1:34pm
Quoting Barnell
Bears rejoice...CNBC showing 1.3162...
CNBC & XE, almost 30 pips gap so far!
  • #558,933
  • Nov 15, 2020 1:35pm Nov 15, 2020 1:35pm
Quoting Barnell
Bears rejoice...CNBC showing 1.3162...
xe.com also .
i hope it will keep that gap until the open .
the trend is up and i want to exit from my short position with profit or even at be

https://www.xe.com/currencyconverter...rom=GBP&To=USD
yes yes yes
  • #558,934
  • Nov 15, 2020 1:36pm Nov 15, 2020 1:36pm
Quoting fxmasterdxb
{quote} CNBC & XE, almost 30 pips gap so far!
This is within expectations, the Cable is very volatile.

Plus, I am not buying at 1.32 anyway. I want to buy dips, not highs.
I will tear the world apart for you.
  • #558,935
  • Nov 15, 2020 1:37pm Nov 15, 2020 1:37pm
Hey all
My view on 4H charts still show me sell pressure can be wrong but expecting 1.30 /1.29800 to be hit
Attached Image (click to enlarge)
Click to Enlarge Name: 7d821110c75f4a3a38e7dcf6ded075a4.png Size: 55 KB
  • #558,936
  • Nov 15, 2020 1:40pm Nov 15, 2020 1:40pm
Quoting Barnell
{quote} This is within expectations, the Cable is very volatile. Plus, I am not buying at 1.32 anyway. I want to buy dips, not highs.
Same here buddy! Buying dips is my plan
  • #558,937
  • Nov 15, 2020 1:42pm Nov 15, 2020 1:42pm
Quoting HBN08
Hey all My view on 4H charts still show me sell pressure can be wrong but expecting 1.30 /1.29800 to be hit {image}
I expect a pullback, but not sure how deep it would be. Don't really want to make a judgement right now. Green pips to you buddy.
I will tear the world apart for you.
  • #558,938
  • Nov 15, 2020 2:43pm Nov 15, 2020 2:43pm
Quoting fxmasterdxb
{quote} CNBC & XE, almost 30 pips gap so far!
investing.com also
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 44 KB
yes yes yes
  • #558,939
  • Nov 15, 2020 3:29pm Nov 15, 2020 3:29pm
Quoting Moty
{quote} investing.com also {image}
Check out the volume on the last 15-minute interval: Ultra High volume on a narrow range interval that closes in the middle of its range. This is Supply. I have no idea what happens next, but it looks like the Smart Money was actively selling into the close...

Attached Image (click to enlarge)
Click to Enlarge Name: SD ProTrader 2.png Size: 121 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #558,940
  • Nov 15, 2020 3:55pm Nov 15, 2020 3:55pm
I have a short-term bullish bias on the GBPUSD but I expect a southward rotation in the medium-term. Here's why. The 1.30500 area has served as the horizontal resistance on the GBPUSD weekly time frame for several weeks until market operation broke above it two weeks ago. Price action on the H4 time frame made a 50 Fib retracement of the recent bullish swing and has printed a bullish continuation candlestick during the penultimate H4-session on Friday. Technically, we may see further bullish move in the early part of this week. Based on the technical outlook on the weekly time frame, there is potential for a bearish turnaround after a brief bullish move.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4_November 15, 2020.png Size: 55 KB
Do your homework, follow the footprints of smart money
210 traders viewing now, 1 is registered:
saidi01