Cable Update (GBPUSD) | Page 28126 | 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)

  • #562,501
  • Dec 1, 2020 8:19am Dec 1, 2020 8:19am
Quoting JayBag
Undoubtably, this slaughter range has been a strong pain for bears .. It just won’t crash as they wish.. I probably spoke the mind of many on here.. well, the fact that it won’t fall should be a sign for opposite direction. Okay, this bottle looks way too empty for me to be the only one drinking from it

At the moment its unfortunate for the bears ,nothing has changed , they keep trying to break various supports but are unable to at the moment , of course things can change but at the moment everything from a technical perspective (i thought id better say technical perspective before the raving fundies start) lays in the bulls favor.
Follow The Markets Structure - Patience and Discipline
  • #562,502
  • Dec 1, 2020 8:19am Dec 1, 2020 8:19am
am not getting any signal... am not short or long
99.9% persistence
  • #562,503
  • Dec 1, 2020 8:22am Dec 1, 2020 8:22am
cable want to fly high
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #562,504
  • Dec 1, 2020 8:23am Dec 1, 2020 8:23am
Quoting zuluremys
am not getting any signal... am not short or long
its still a range play, been like this for a week
waiting for decisive close above 1.34 or below 1.33. its a scalpers dream!
  • #562,505
  • Dec 1, 2020 8:24am Dec 1, 2020 8:24am
Nothing says close these longs, still holding. 1.35... 1.37. Check HTF, its still bullish as hell.
  • #562,506
  • Dec 1, 2020 8:25am Dec 1, 2020 8:25am
Quoting JayBag
Undoubtably, this slaughter range has been a strong pain for bears .. It just won’t crash as they wish.. I probably spoke the mind of many on here.. well, the fact that it won’t fall should be a sign for opposite direction. Okay, this bottle looks way too empty for me to be the only one drinking from it
380 now.

range is the second name of gbp no?
  • #562,507
  • Dec 1, 2020 8:26am Dec 1, 2020 8:26am
Sometimes you can seize the opportunity and just trade the range without having a strong directional bias.

The key is to avoid trading in the middle of the range. Just trade the upper and lower borders with tight SL as long as it lasts.
Attached Image (click to enlarge)
Click to Enlarge Name: GU range.png Size: 140 KB
  • #562,508
  • Dec 1, 2020 8:27am Dec 1, 2020 8:27am
Quoting pipfarm
{quote} At the moment its unfortunate for the bears ,nothing has changed , they keep trying to break various supports but are unable to at the moment , of course things can change but at the moment everything from a technical perspective (i thought id better say technical perspective before the raving fundies start) lays in the bulls favor.
Really unfortunate but they steady in denial which I think is fair considering the whole deceptive range.

Agreed .. TA wise, 1.33281 remains a visible support and that’s in bull’s favor. Only a matter of time before we see bulls go hard.

1.33281 is my bridge
Let’s see
SS
  • #562,509
  • Dec 1, 2020 8:30am Dec 1, 2020 8:30am
Quoting pipfarm
{quote} At the moment its unfortunate for the bears ,nothing has changed , they keep trying to break various supports but are unable to at the moment , of course things can change but at the moment everything from a technical perspective (i thought id better say technical perspective before the raving fundies start) lays in the bulls favor.
It's a glass half full/empty really.
1.33 does not break, and we go up with force each time we reach this level.
1.34 does not break, and we do down with force every time we reach this level.
I really see no way to predict a winner based on technicals.
  • #562,510
  • Dec 1, 2020 8:31am Dec 1, 2020 8:31am
its all about the dollar here... which probably won't last long. still short.
In tea leaves we trust!
  • #562,511
  • Dec 1, 2020 8:35am Dec 1, 2020 8:35am
Quoting krakFX
Nothing says close these longs, still holding. 1.35... 1.37. Check HTF, its still bullish as hell.
Well, chart doesn't say it...but screams it, to close them. The topping is so strong, once its over, the drop might be without corrections.
Everyone can see the chart, but only a few can actually read it.
  • #562,512
  • Dec 1, 2020 8:37am Dec 1, 2020 8:37am
Quoting OnlineAddict
{quote} Well, chart doesn't say it...but screams it, to close them.
lol negative swaps say close. Stops 20pips below this range! Its been tedious.
  • #562,513
  • Dec 1, 2020 8:38am Dec 1, 2020 8:38am
closed for some.

es - looks like they bought it. risk on.
In tea leaves we trust!
  • #562,514
  • Dec 1, 2020 8:39am Dec 1, 2020 8:39am
Quoting VM.
{quote} It's a glass half full/empty really. 1.33 does not break, and we go up with force each time we reach this level. 1.34 does not break, and we do down with force every time we reach this level. I really see no way to predict a winner based on technicals.

Your right VM, as of yet to my knowledge there is no way to predict which way any market will go (some might disagree) and i like to keep my glass half full so i will follow the technical side of the market until it changes as it has proven to be fundamentally right more often than not, when the market starts to turn bearish i will follow as following is always better than predicting.

On another note getting a good understanding of the fractal side of any market allows me to be fairly consistent with my analysis and i find no need to be chasing every little swing up and down to make money of course it is not the only way to trade ( before i get accused of having the holy grail) but to be a good technical trader fractal studies are a must, its not as difficult as it sounds
Follow The Markets Structure - Patience and Discipline
  • #562,515
  • Dec 1, 2020 8:39am Dec 1, 2020 8:39am
reversed long gu

edit - this could move fast.
In tea leaves we trust!
  • #562,516
  • Dec 1, 2020 8:45am Dec 1, 2020 8:45am
No Bulls or Bears Comedy,
for you at the Moment...

I rather throw up a little Elliot for some Discussion,
or "Disdain". -Either, I'm fine with. My Belief, or
at least what I've "gleaned" on the "D" Daily, and 4hr Charts,
is that we've just finished two, Larger 5-Wave Set's...

Time for a Serious "Pull Back" or Trend Change. That is, -if i am right that
the 5th Wave has Occurred, -you be the judge / jury. We will see

** I have often called these END of Wave-set's wrong / not Completed. **
So, 'not saying "Jeff-Said" X-or-Y, Z... Just up for some discussion.
Said "Daily" Chart, Extrapolated on "4hr Chart":
Attached Image (click to enlarge)
Click to Enlarge Name: 12_01_2020 GBP_USD Apparent Wave_5 Complete on Daily and 4hr Chart.png Size: 71 KB


Best of 'Pipping', all...

Jeff
I will work to Objectively Identify my Edges
  • #562,517
  • Dec 1, 2020 8:46am Dec 1, 2020 8:46am
Quoting goldfish3
{quote} 380 now. range is the second name of gbp no?
We might as well add it to her name..

GBPUSD = Range Rover
  • #562,518
  • Dec 1, 2020 8:49am Dec 1, 2020 8:49am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 45 KB
yes yes yes
  • #562,519
  • Dec 1, 2020 8:53am Dec 1, 2020 8:53am
UK likely to axe 'illegal' finance bill clauses if Brexit trade deal made (msn.com)
Que Sera
  • #562,520
  • Dec 1, 2020 8:53am Dec 1, 2020 8:53am
Quoting pipfarm
{quote} Your right VM, as of yet to my knowledge there is no way to predict which way any market will go (some might disagree) and i like to keep my glass half full so i will follow the technical side of the market until it changes as it has proven to be fundamentally right more often than not, when the market starts to turn bearish i will follow as following is always better than predicting.
What I wanted to say is that to me, technicals look fairly balanced atm. We are of course still in an uptrend, but bulls are trying to break 1.34 for 7 days now, while pound lost a lot of ground against other currencies.
1,273 traders viewing now