Cable Update (GBPUSD) | Page 28043 | 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)

  • #560,841
  • Nov 24, 2020 4:53pm Nov 24, 2020 4:53pm
Quoting Bones
It has not hit that tl ,and came all the way back ,to be bear it has to hit it or break it for the bulls ... 15 year/ let's use a big gun for the number. btw ig platform is even worse than mt4 ,when pro realtime is free for ig clients {image} {image}
I've got it at 13400.

Think your line are a bit thick lol
Que Sera
  • #560,842
  • Nov 24, 2020 4:56pm Nov 24, 2020 4:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBP_USD_20201123_13.43_LI.jpg Size: 895 KB
Que Sera
  • #560,843
  • Nov 24, 2020 5:19pm Nov 24, 2020 5:19pm
Quoting Bones
It has not hit that tl ,and came all the way back ,to be bear it has to hit it or break it for the bulls ... 15 year/ let's use a big gun for the number. btw ig platform is even worse than mt4 ,when pro realtime is free for ig clients {image} {image}
That's why I don't like platforms when I draw trendlines
In this case can be easy to take a pancil and a paper (old school)

Please Bones, tell me if I'm right and if datas are correct

The first top was in November 2007 at 2.1161
Second top in July 2014 at 1.7191 (That are the information from my broker)
The difference betwen them is 80 months and 3970 pips
3970/80 = this trendline has a slope of 49.625 pips per month

Now, November 2020 are 156 months from November 2007
So 49.625 x 156 = 7741,5 pips
At the and we have 2.1161 - 0.7741 = 1.3420

In December it will be 1.3370

I hope all is correct.
But at the end, it is just to have fun with numbers. In my little experience with technical analysis I understood that sometime the market is not accurate 100% (and we are talking about 13 years in this case), so i never say the exact level for a support, a resistance or a trendline...but I refer to it as an "area"
  • #560,844
  • Nov 24, 2020 6:06pm Nov 24, 2020 6:06pm
Quoting Vincent1
{quote} That's why I don't like platforms when I draw trendlines In this case can be easy to take a pancil and a paper (old school) Please Bones, tell me if I'm right and if datas are correct The first top was in November 2007 at 2.1161 Second top in July 2014 at 1.7191 (That are the information from my broker) The difference betwen them is 80 months and 3970 pips 3970/80 = this trendline has a slope of 49.625 pips per month Now, November 2020 are 156 months from November 2007 So 49.625 x 156 = 7741,5 pips At the and we have 2.1161 - 0.7741 = 1.3420...
Got me looking into it.

according to the Bank of England the highest price 8/10/2007 was 2.1081
Que Sera
  • #560,845
  • Nov 25, 2020 12:12am Nov 25, 2020 12:12am
Quoting Catempire
yes , everything pointing for that , just need to break current area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.png Size: 25 KB
Click to Enlarge Name: gu1.png Size: 27 KB
Click to Enlarge Name: gu2.png Size: 41 KB
yes yes yes
  • #560,846
  • Nov 25, 2020 12:26am Nov 25, 2020 12:26am
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 15 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 19 KB
yes yes yes
  • #560,847
  • Nov 25, 2020 12:28am Nov 25, 2020 12:28am
Quoting Moty
{quote} yes , everything pointing for that , just need to break current area {image} {image} {image}
EW
Attached Image
  • #560,848
  • Nov 25, 2020 12:58am Nov 25, 2020 12:58am
Quoting Moty
{image}{image}
Break up soon maybe today
Make money by doing the opposite of Giveachance aka loser
  • #560,849
  • Nov 25, 2020 1:11am Nov 25, 2020 1:11am
Hello guys,
i think yesterday we have broken a good trend line and now we are in retest before going up

Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 73 KB

have a good day
  • #560,850
  • Nov 25, 2020 1:28am Nov 25, 2020 1:28am
My target idea...May be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: target.png Size: 18 KB
  • #560,851
  • Nov 25, 2020 1:34am Nov 25, 2020 1:34am
Quoting pipfarm
{quote} i am closing with 25 pips profit will long again lower, there is another swing down coming and i can use this 25 for my stop. Maybe 3336 this time to open another long

We have the 5 wave triangle complete in long 3336 stop is paid for with the 25 pips long from one of the range swings yesterday, FREE TRADE
Follow The Markets Structure - Patience and Discipline
  • #560,852
  • Nov 25, 2020 1:37am Nov 25, 2020 1:37am
mybe
Attached Image (click to enlarge)
Click to Enlarge Name: 800c9a4688eb3add382ed6fd6dfd84b2.png Size: 25 KB
  • #560,853
  • Nov 25, 2020 1:38am Nov 25, 2020 1:38am
Looks like gold has turned up to help , here comes the cavalry

Attached Image (click to enlarge)
Click to Enlarge Name: her_majestys_cavalry_01.jpg Size: 418 KB
Follow The Markets Structure - Patience and Discipline
  • #560,854
  • Nov 25, 2020 1:41am Nov 25, 2020 1:41am
1,3420 today and maybe 1,35 tonight for fomc
Make money by doing the opposite of Giveachance aka loser
  • #560,855
  • Nov 25, 2020 1:44am Nov 25, 2020 1:44am
Quoting nessus94
1,3420 today and maybe 1,35 tonight for fomc
Its UK Budget review today so might be a bit slow until then
Follow The Markets Structure - Patience and Discipline
  • #560,856
  • Nov 25, 2020 1:51am Nov 25, 2020 1:51am
Quoting Vincent1
{quote} That's why I don't like platforms when I draw trendlines In this case can be easy to take a pancil and a paper (old school) Please Bones, tell me if I'm right and if datas are correct The first top was in November 2007 at 2.1161 Second top in July 2014 at 1.7191 (That are the information from my broker) The difference betwen them is 80 months and 3970 pips 3970/80 = this trendline has a slope of 49.625 pips per month Now, November 2020 are 156 months from November 2007 So 49.625 x 156 = 7741,5 pips At the and we have 2.1161 - 0.7741 = 1.3420...
Having just run your same maths (I have never done it by hand before but makes complete sense for precision) It works out (From my brokers highs) at 1.63535 pips a day

Which makes todays line TL at 1.33798
Que Sera
  • #560,857
  • Nov 25, 2020 1:54am Nov 25, 2020 1:54am
Quoting Catempire
{quote} Having just run your same maths (I have never done it by hand before but makes complete sense for precision) It works out (From my brokers highs) at 1.63535 pips a day Which makes todays line TL at 1.33798
Even these numbers are not going to be exact it could be more or less a couple of pips 0.000001 out at the beginning would lead to a substantial change 4767 days later.
Que Sera
  • #560,858
  • Nov 25, 2020 2:02am Nov 25, 2020 2:02am
So ... The TL has indeed been touched... a few times, including today.
Que Sera
  • #560,859
  • Nov 25, 2020 2:03am Nov 25, 2020 2:03am
Alright bulls run out of fuel at 3372 area. All the way back to Big F area now...
  • #560,860
  • Nov 25, 2020 2:04am Nov 25, 2020 2:04am
Quoting kk300
Alright bulls run out of fuel at 3372 area. All the way back to Big F area now...
Are we looking at the same chart ?
Make money by doing the opposite of Giveachance aka loser
1,119 traders viewing now