Cable Update (GBPUSD) | Page 28089 | 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)

  • #561,761
  • Nov 27, 2020 11:00am Nov 27, 2020 11:00am
Quoting Wavegarrick
{quote} Hi Guys, So far so good. It took alot of patience wth this one. My green highlighted zones with my weekly supports seem good targets for a correction to the down side. Ultimately I would like to see a test of the bottom channel line (magenta) at 1.30 ish for a decent correction, we shall see. All trades locked in an price must do its thing. Trade safe Cheers. {image}
Hi Guys,
Today presented nice re-entry short trading positions with the pullback towards my rising trend line. It is ugly, I know, swings never come easy, with the big Boyz at play. Having said, 1.33000 could give a pullback, who knows, but so far I am getting good bearish signals.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_886.png Size: 95 KB
Euro is decoupling from the Pound and so far my buy trades playing out nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_887.png Size: 87 KB
Us dollar is weak but I still see a nice bounce-back shortly:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_888.png Size: 77 KB
Have a great weekend Guys
Cheers.
Trade to trade another day
  • #561,762
  • Nov 27, 2020 11:05am Nov 27, 2020 11:05am
Good 'Afternoon or Evening or Morning,
"All"...
75 Pip Profit after walking around in some 'Stinking-Shorts',
the Last Couple of Days... (I wasn't gonna lose that potential profit);
'Just should have taken a short higher, w/a better order-entry.
All, in all not bad 7.5% or so day closing out. More to be had Up/Down.
Enjoy your Thanksgiving Wk'd's
She has Entered the Cloud, Bearish on the 4hr w/a Cross.
Attached Image

All My Best Gang,
Happy Pipping,
Have 'Great Wk'd
I will work to Objectively Identify my Edges
  • #561,763
  • Nov 27, 2020 11:13am Nov 27, 2020 11:13am
...just returned to desk to update potential supp/res charts...another drop I see - landing at the bottom of that prev 1hr/4hr sw lo zone = prev supp = pot supp to 3293 / 76.4% 3263-3398. 79% of 30 day adr travelled so far today but still only 50% of 13wk awr so far this week - getting late on this last trading day of this week. Price at the current dly lo is also testing the top of that prev dly sw hi x 2 zone = prev res = pot rbs that extends down to the 23.6% of the 2854-3398 move @ 3269. 1hr is below.
Attached Image (click to enlarge)
Click to Enlarge Name: 04c0c95d429733d001c55c22821264ba.png Size: 78 KB
Trader with an Edge.
  • #561,764
  • Nov 27, 2020 11:18am Nov 27, 2020 11:18am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 11-27-2020 19.17_1.jpg Size: 138 KB
yes yes yes
  • #561,765
  • Nov 27, 2020 11:23am Nov 27, 2020 11:23am
Quoting Moty
All out at 1.32950
Good Work Moty,
Have a Great Wk'd

I agree w/On Line Addict, a Ton more in the Tank, "Eventually".
My Best Gang
I will work to Objectively Identify my Edges
  • #561,766
  • Nov 27, 2020 11:24am Nov 27, 2020 11:24am
Quoting Moty
All out at 1.32950
I love MIDpoints..
I love MIDpoints I also close my short positions.
  • #561,767
  • Nov 27, 2020 11:27am Nov 27, 2020 11:27am
Quoting chess king
{quote} I shorted 1.339x. maybe 1.27xx target or more. stop 1.3501 had a pending ... it's late information but I haven't had time to post
closed for 9x +pips
  • #561,768
  • Nov 27, 2020 11:34am Nov 27, 2020 11:34am
Quoting Maximumheigh
{quote} This is what they call gradual sell off. It continues to drip down gradually with 2 to 3 pips in every 10minutes. I am still bearish.
I am out from all my shorts for the week. Next week is another week of trading. I will be looking for opportunities to short the cable. Great weekend friends!!!!!
  • #561,769
  • Edited 11:58am Nov 27, 2020 11:34am | Edited 11:58am
Best not to ignore when the Bear pack turns up.. Loyal old bunch packing a right punch lol
Attached Image (click to enlarge)
Click to Enlarge Name: bear.jpg Size: 38 KB
Que Sera
  • #561,770
  • Nov 27, 2020 11:35am Nov 27, 2020 11:35am
Quoting Headland
...just returned to desk to update potential supp/res charts...another drop I see - landing at the bottom of that prev 1hr/4hr sw lo zone = prev supp = pot supp to 3293 / 76.4% 3263-3398. 79% of 30 day adr travelled so far today but still only 50% of 13wk awr so far this week - getting late on this last trading day of this week. Price at the current dly lo is also testing the top of that prev dly sw hi x 2 zone = prev res = pot rbs that extends down to the 23.6% of the 2854-3398 move @ 3269. 1hr is below. {image}

smart money has been playing the range- cudos to them. same for uc. but for me the build out for both is the same - short usd. this looks like an exhaustion play, just ping it around on the edge and then break when everyone is finished pulling out their hair and lost it.
In tea leaves we trust!
  • #561,771
  • Nov 27, 2020 11:36am Nov 27, 2020 11:36am
hmm..close all my short position.. looks like wanna up again.. for another short ofc.. ahaha
Trade what you see, not what you think.. react and stay sharp..
  • #561,772
  • Nov 27, 2020 11:46am Nov 27, 2020 11:46am
the most frustrating thing is losing all your weekly gains on one position
99.9% persistence
  • #561,773
  • Nov 27, 2020 11:56am Nov 27, 2020 11:56am
i see 1.3365 if we go there again for start build short again.. maybe not now..but that area still intact..

one thing i cant ignore..
i see bull not done yet when i look at D1 W1 n M1..

lets see which way GBP go next
Trade what you see, not what you think.. react and stay sharp..
  • #561,774
  • Nov 27, 2020 12:01pm Nov 27, 2020 12:01pm
Quoting zuluremys
the most frustrating thing is losing all your weekly gains on one position
. whole weekly gains? One must have been LOTing to buy a lambo next week on a $500 account.
M. Management will always be the last piece of the puzzle.

Spent years figuring that part out
  • #561,775
  • Nov 27, 2020 12:02pm Nov 27, 2020 12:02pm
...will be interesting to see how dly and wkly candles close later on...daily will barring a late surge up be bearish bodied and probably bearish overall re candle shape/type. Weekly could be either bullish or bearish boded and could even be a dragonfly doji/pinbar or hammer...we'll see later. dly is below.
Attached Image (click to enlarge)
Click to Enlarge Name: f58a86cdfa8ecdd1e470a6720461e259.png Size: 58 KB
Trader with an Edge.
  • #561,776
  • Nov 27, 2020 12:34pm Nov 27, 2020 12:34pm
Quoting JayBag
{quote} . whole weekly gains? One must have been LOTing to buy a lambo next week on a $500 account. M. Management will always be the last...
have never really paid very much interest to m. management. all these years have just been trying to improve my trading skills. but I think I need to give m.management some time too
99.9% persistence
  • #561,777
  • Nov 27, 2020 12:44pm Nov 27, 2020 12:44pm
Quoting Headland
...will be interesting to see how dly and wkly candles close later on...daily will barring a late surge up be bearish bodied and probably bearish overall re candle shape/type. Weekly could be either bullish or bearish boded and could even be a dragonfly doji/pinbar or hammer...we'll see later. dly is below. {image}
Hi! can i ask u what setting are u using for SupplyDemand 0.6 indicator?
  • #561,778
  • Nov 27, 2020 1:01pm Nov 27, 2020 1:01pm
Somebody said yesterday he was adding buys and wasn't impressed with all of our charting and techs. I hope he is still adding buys because next week this may most likely dump another 200 pips. Just switch to the 4hr or 1 hr chart and you'll see the white space below where price wants to fall into a ditch. Lol...
  • #561,779
  • Nov 27, 2020 1:09pm Nov 27, 2020 1:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 27 KB
yes yes yes
  • #561,780
  • Nov 27, 2020 2:16pm Nov 27, 2020 2:16pm
Quoting helioss
{quote} Hi! can i ask u what setting are u using for SupplyDemand 0.6 indicator?

I don't use that indy, I use / do a search here for 'shved_supply_and_demand' (I think it's very similar if not the same,?) but I black everything out in the properties and use it just for the text descriptions of zones. I put all the rectangles that signify previous price pivots ie previous fractal swing hi or lo's on the charts manually using the rectangle tool in the line studies toolbar of MT4.
Trader with an Edge.
385 traders viewing now, 3 are registered:
ShanuT1511
,
,