Cable Update (GBPUSD) | Page 28296 | 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)

  • #565,901
  • Dec 16, 2020 4:07am Dec 16, 2020 4:07am
Quoting nessus94
{quote} yes keep selling and let your followers follow you and lose all price keeps making new highs and you keep selling smart trader
why do u keep trolling here.you have nothing to add to this forum and keep on attacking people who are on the wrong side.

any guesses why we stopped at 3520. It is R61. next level after this is 3576
Attached Image (click to enlarge)
Click to Enlarge Name: e091374708e6f48fdfc1f23dba50f0a2.png Size: 9 KB
  • #565,902
  • Dec 16, 2020 4:11am Dec 16, 2020 4:11am
Quoting giveachance
{quote} issue is dollar index is making a new low every hour. so there is still some upside left. 1.3560 is entirely possible
I didn't rule out 1.3560 in fact the price may take on 1.3650 too. I'm only saying buying at yearly top can be catastrophic as risk reward favours being short in my humble view.
Data + Stat + Risk/Emotions Management
  • #565,903
  • Dec 16, 2020 4:13am Dec 16, 2020 4:13am
On the 4H the level has crossed and now is loading and waiting for a news push it up more
  • #565,904
  • Dec 16, 2020 4:14am Dec 16, 2020 4:14am
Quoting Georginson
{quote} I didn't rule out 1.3560 in fact the price may take on 1.3650 too. I'm only saying buying at yearly top can be catastrophic as risk reward favours being short in my humble view.
see you would say who would short usd/jpy at 104/50. BOJ will support the price and all that but we still dropped 130 pips. u never know 1.38 or 1.40 may be the ultimate high for dec way these guys are making a joke out of trading everyday
  • #565,905
  • Dec 16, 2020 4:21am Dec 16, 2020 4:21am
Quoting giveachance
{quote} why do u keep trolling here.you have nothing to add to this forum and keep on attacking people who are on the wrong side. any guesses why we stopped at 3520. It is R61. next level after this is 3576 {image}
nice count
  • #565,906
  • Dec 16, 2020 4:30am Dec 16, 2020 4:30am
Quoting nessus94
{quote} yes keep selling and let your followers follow you and lose all price keeps making new highs and you keep selling smart trader
I think the issue is you are too focussed on being right
I couldn't care less if I'm right or wrong. It makes no difference to me.
I have a plan.
I trade that plan.
I trade that plan until it no longer works.
A fool and his money are easily parted
  • #565,907
  • Dec 16, 2020 4:31am Dec 16, 2020 4:31am
Quoting giveachance
{quote} see you would say who would short usd/jpy at 104/50. BOJ will support the price and all that but we still dropped 130 pips. u never know 1.38 or 1.40 may be the ultimate high for dec way these guys are making a joke out of trading everyday
First rule... Know your enemy in and out
Second rule... Overestimate your enemy
Third Rule... Make alternate plans for different scenarios

This pair is capable of doing anything while in all these, certain things haven't changed in this pair which is it's trend corrections before continuation.

Break of 1.3480 was a certain invitation of 1.36 level which may happen or be paused to happen later. When 1.3280 broke, it was relentless to 1.3480 hence a fall to 1.2674 area. The fall is anywhere from 1.35/1.36 area to at least 1.30/1.29 area before it can continue it's assault to 1.40 area if the bulls remain thirsty.
Data + Stat + Risk/Emotions Management
  • #565,908
  • Dec 16, 2020 4:33am Dec 16, 2020 4:33am
Quoting Georginson
{quote} First rule... Know your enemy in and out Second rule... Overestimate your enemy Third Rule... Make alternate plans for different scenarios This pair is capable of doing anything while in all these,c things haven't changed in this pair which is it's trend corrections before continuation. Break of 1.3480 was a certain invitation of 1.36 level which may happen or be paused to happen later. When 1.3280 broke, it was relentless to 1.3480 hence a fall to 1.2674 area. The fall is anywhere from 1.35/1.36 area to at least 1.30/1.29 area before it...
lets see how this 3520 area behaves.
  • #565,909
  • Dec 16, 2020 4:38am Dec 16, 2020 4:38am
My target in shorts positions is 1.3370 to the end of this week. We will see.
  • #565,910
  • Dec 16, 2020 4:38am Dec 16, 2020 4:38am
Quoting giveachance
{quote} lets see how this 3520 area behaves.
Will be broken soon, need to look for sellers higher at 3620-40
Always Defend your investment 1775
  • #565,911
  • Dec 16, 2020 4:51am Dec 16, 2020 4:51am
Quoting giveachance
{quote} why do u keep trolling here.you have nothing to add to this forum and keep on attacking people who are on the wrong side. any guesses why we stopped at 3520. It is R61. next level after this is 3576 {image}
This is the usual pause.....come back around 1500 CET to identify setups going into US session.
Looking to buy around 1.3465 - 1.3490 for 1.36....
Lost....
  • #565,912
  • Dec 16, 2020 4:52am Dec 16, 2020 4:52am
we will see a free fall for this pair .only It takes a little patience for easy money .I'm surprised some people are thinking of buying pound.
  • #565,913
  • Dec 16, 2020 4:55am Dec 16, 2020 4:55am
Quoting Georginson
{quote} First rule... Know your enemy in and out Second rule... Overestimate your enemy Third Rule... Make alternate plans for different scenarios This pair is capable of doing anything while in all these, certain things haven't changed in this pair which is it's trend corrections before continuation. Break of 1.3480 was a certain invitation of 1.36 level which may happen or be paused to happen later. When 1.3280 broke, it was relentless to 1.3480 hence a fall to 1.2674 area. The fall is anywhere from 1.35/1.36 area to at least 1.30/1.29 area before...
G, as much as I appreciate your range strategy, the daily, weekly, and monthly patterns don't show an immediate fall yet IMHO.....
Lost....
  • #565,914
  • Edited 7:25am Dec 16, 2020 4:55am | Edited 7:25am
Quoting hussin naiji
we will see a free fall for this pair .only It takes a little patience for easy money .I'm surprised some people are thinking of buying pound.
sold @ 3510 s/l and t/p open
  • #565,915
  • Dec 16, 2020 4:56am Dec 16, 2020 4:56am
Quoting hussin naiji
we will see a free fall for this pair .only It takes a little patience for easy money .I'm surprised some people are thinking of buying pound.
Hi Hussin. Yes, it is almost time to go short again. But some people here are adding shorts from 1.32. and I agree this is not a level to buy.
  • #565,916
  • Dec 16, 2020 4:58am Dec 16, 2020 4:58am
i must admit bulls very strong now.. but i dont wanna buy from this Price 1.35200 for me it to risky for take any long now.. it can drop anywhere from this level thats why i keep building short..
my basic rule never buy at the top, right now this area can be considered as "temporary" top.. not saying it can't go more high from this price level.. but not wise for me to buy now..
so congratulation to anyone who buy from low.. and hang on to anyone who sell from the top, sit tight drop is coming anywhere from this price level.. i believe market need to retrace if wanna go more higher.. unless you are dare devil and have guts to buy from the roof top..
theres always risk either buy or sell, bull or bear but as long you have smart money management you will be all right..
Attached Image (click to enlarge)
Click to Enlarge Name: download (7).png Size: 86 KB
Trade what you see, not what you think.. react and stay sharp..
  • #565,917
  • Dec 16, 2020 4:58am Dec 16, 2020 4:58am
As for TODAY, INSIDE THE DAY

I saw 2 middle buyers at 3477 and 3483 during London session so far! there are no strong sellers at 3520 at all, wait for a new high to short!
Always Defend your investment 1775
  • #565,918
  • Dec 16, 2020 5:12am Dec 16, 2020 5:12am
Quoting Georginson
How deluded can someone be? risking a buy to 1.36 just 100 pips away ahead of possible mammoth drop to 1.29... is it not obvious we are trading at a yearly high which usually corrects by 500 - 800 pips? See September 2020 and December 2019 for clues. My candid advise to newbies do not follow blindly and be caught buying at a top or selling at a bottom. Follow simple money management rules of modest stakes and never buy at a top or sell at a bottom. Only very few traders are sincere in this thread.
"... Follow simple money management rules of modest stakes and never buy at a top or sell at a bottom. .." What a timely counsel! Thanks a million
Georginson. He who has ears to hear, let him hear!
  • #565,919
  • Dec 16, 2020 5:13am Dec 16, 2020 5:13am
Quoting gespiri
{quote} G, as much as I appreciate your range strategy, the daily, weekly, and monthly patterns don't show an immediate fall yet IMHO.....
Hello Gespiri, it will only show it after it starts, the market makers have many tricks of hiding the obvious these days. Their objective is to trap traders.
Data + Stat + Risk/Emotions Management
  • #565,920
  • Dec 16, 2020 5:18am Dec 16, 2020 5:18am
Quoting Georginson
{quote} Hello Gespiri, it will only show it after it starts, the market makers have many tricks of hiding the obvious these days. Their objective is to trap traders.
Fully Agree, the thing is to see and understand who is trapped IN TIME!
Always Defend your investment 1775
225 traders viewing now