Cable Update (GBPUSD) | Page 28312 | 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)

  • #566,221
  • Dec 17, 2020 3:35am Dec 17, 2020 3:35am
Quoting BitcoinBoff
{quote} Same here as miedpreneur's post. I am following you now, as i have my own way of predicting when the market turns, I am also of the mindset that SM rules this roost with an iron fist. I do not know when they come in to play, but I think I can see when they chase price to an extreme, to get the dumbasses to follow, and then take that liquidity for the reverse. PLEASE do not stop posting, it will be interesting to learn from someone who knows more. Also do not think if you post and people are not replying that they are ignoring you. Yes, I...
cheers mate.. same here i will not stop learning from others.. thks for all ppl here who contribute and gave awesome view and chart..
Trade what you see, not what you think.. react and stay sharp..
  • #566,222
  • Dec 17, 2020 3:39am Dec 17, 2020 3:39am
[quote=Hunterrus84;13317336]{quote} well said, most of times SM divide their money to get into the market on different prices, it even can happen inside 50-100 pips range. yesterday it was 60 pip range[/quot

it makes sense that they split and build their positions, not to spook the market and obvious liquidity issues.

it would be real interesting to see and learn from you how and where you see them enter.

I can only measure strength / weakness on the turning points, as well as where they chase the stops etc, mixed in with a good dose of quarters theory.

Im excited to learn how you see where these mofo's enter and do their thing
  • #566,223
  • Dec 17, 2020 3:39am Dec 17, 2020 3:39am
https://www.forexfactory.com/trades

Looks bullish to me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 32 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Compulsions can be hard to resist
  • #566,224
  • Dec 17, 2020 3:40am Dec 17, 2020 3:40am
Year 2020: Low 1.1408
Year 2020: High 1.3586*

Range so far = 2178 pips

December 2020: Low 1.3134
December 2020: High 1.3586*

Range so far = 452 pips

This Week: Low : 1.3280
This Week: High : 1.3586*

Range so far = 306 pips...

Yearly and Weekly shows extreme overbought levels due for reversal between 500 - 800 pips...

Monthly still has possible space of 100 - 150 more to break either Current high or low. Though current price trades dangerously close to breaking further high but my verdict is that the lower part of the range will get broken in days ahead.

My medium term target is 1.3060. price trades at 1.3583 as at time of typing.
Data + Stat + Risk/Emotions Management
  • #566,225
  • Dec 17, 2020 3:44am Dec 17, 2020 3:44am
Quoting Chenko
Forex Factory traders waiting for the GU gap to get filled {image} I swear nothing more entertaining than reading these threads where hundreds of people think they are absolutely right even when the market keeps slapping them right and left.. A fun way to waste time!
This cracked me UP.. I think we all agreed that the ‘GAP’ was nothing but a bait ...

Only a few hardcore disagreed (I think)
Anyway, Let’s keep riding
  • #566,226
  • Dec 17, 2020 3:47am Dec 17, 2020 3:47am
G/M, 3586 the current dly and yrly hi.....base of a prev dly minor sw hi to 3614 could see some more selling into this -prev res = pot res zone ? 3617 = 38.2% 7188-1411 @ Dly R2. Wkly R2 is @/around 3622. All 20/50/100 ema's 5min - wkly crossed up currently.

How are you bears diddling ? Hanging in there ?
Attached Image (click to enlarge)
Click to Enlarge Name: c7aba6f333cd3ec46ad4fd9053aa2fea.png Size: 555 KB
Trader with an Edge.
  • #566,227
  • Dec 17, 2020 3:50am Dec 17, 2020 3:50am
Quoting Hunterrus84
{quote} thanks mate, will continue, cause I feel it can help many people
...but mainly he's ego, nothing wrong with your trading style or how you trade its how you put yourself across, with "superb trading style" do you know how many people have been and gone on this thread claiming to be some sort trading god only to last 5 minutes and sorry but you are just another one , as you said time will tell and I do hope you're successful and pass your knowledge on but don't expect people to follow you without proof, let your results speak out not your ego.
  • #566,228
  • Dec 17, 2020 4:00am Dec 17, 2020 4:00am
Quoting Waveskierrob
{quote} ...but mainly he's ego, nothing wrong with your trading style or how you trade its how you put yourself across, with "superb trading style" do you know how many people have been and gone on this thread claiming to be some sort trading god only to last 5 minutes and sorry but you are just another one , as you said time will tell and I do hope you're successful and pass your knowledge on but don't expect people to follow you without proof, let your results speak out not your ego.
May be you are right, this is the question not about my ego, results are already talking, this is the question about the ability to see which allows you to trade better, and current results are telling much better then my words, you can check it using my TE signature, This is the question about HOW FAR YOU CAN SEE, and not about someone's EGO. And I am claiming nothing, just watch the results.
Always Defend your investment 1775
  • #566,229
  • Dec 17, 2020 4:02am Dec 17, 2020 4:02am
Quoting Waveskierrob
{quote} ...but mainly he's ego, nothing wrong with your trading style or how you trade its how you put yourself across, with "superb trading style" do you know how many people have been and gone on this thread claiming to be some sort trading god only to last 5 minutes and sorry but you are just another one , as you said time will tell and I do hope you're successful and pass your knowledge on but don't expect people to follow you without proof, let your results speak out not your ego.

If you are at a party with more than a 100 people attending, how will you know who is the pilot in the room...???

....

HE WILL TELL YOU HE IS A ( or...THE ) pilot !!!!!!!

Nothing wrong with a good self image.

I believe one MUST be full of yourself to trade confidently, just my opinion.

In my head, and in my world, I think I have the holy grail, and I am very full of myself, THAT gives ME the courage to execute my high risk trading, I put 50% of my account balance on margin with every trade, that takes balls , or in someone else's eyes is just plain stupid....lol...but for me, it works perfectly.

The guys that went to the moon in the 60's , were they introverts, or over full of themselves...?

Each to his own, we all do what we do to get our trades done in profit.

FF is NOT a democracy for the popular vote

let each guy express himself in his OWN way.

THAT is whats wrong with this world, we all are under the impression we must conform to other's opinions.

We should all be big and balsy enough to let each man / woman be their own 100% self, end let them express themselves that way, even if they are wrong
  • #566,230
  • Dec 17, 2020 4:05am Dec 17, 2020 4:05am
Quoting Hunterrus84
{quote} May be you are right, this is the question not about my ego, results are already talking, this is the question about the ability to see which allows you to trade better, and current results are telling much better then my words, you can check it using my TE signature, This is the question about HOW FAR YOU CAN SEE, and not about someone's EGO. And I am claiming nothing, just watch the results.

NEVER apologize for who you are or what you do

Fuck ' em all I say....hehehe!

look at Elon Musk

The world had that guy in tears in his upstart of Tesla and Space X, because the world ( mod/ crowd / herd) could not accept new thinking

And look at him now.....

Small minds.......all think alike....lol

sorry, but it pisses me off
  • #566,231
  • Dec 17, 2020 4:10am Dec 17, 2020 4:10am
Quoting BitcoinBoff
{quote} NEVER apologize for who you are or what you do Fuck ' em all I say....hehehe! look at Elon Musk The world had that guy in tears in his upstart of Tesla and Space X, because the world ( mod/ crowd / herd) could not accept new thinking And look at him now..... Small minds.......all think alike....lol sorry, but it pisses me off
it is ok, thanks for understanding guys
Always Defend your investment 1775
  • #566,232
  • Dec 17, 2020 4:11am Dec 17, 2020 4:11am
Quoting helioss
{quote} UPDATE: BUYERS so STRONG {image}
Buyers not strong at all... It does not make any difference having the tools but not knowing how to use them. Price was practically overbought in trend channel and at a supply confluence, very important resistance. The volume of the last up wave is nowhere near the volume of the down wave that created the resistance. Weakness in the background, bearish effort vs result, supply confluence, no demand at important resistance. Anyone who can interpret price x volume would never buy that bar. I don´t even use cumulative delta on daily chart, but put it there just to show that you bought a delta divergence. Based on all that I just said, no surprise you got stopped out. At the moment price still there with no demand. Does it mean it´s gonna fall? No, but higher odds of that happening, yes.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 150 KB


5 minutes also showing signs of weakness in area of supply with shortening of the thrust, bearish effort vs result and almost all high volume bars in that area are supply related:

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 2.png Size: 113 KB
  • #566,233
  • Edited 4:24am Dec 17, 2020 4:13am | Edited 4:24am
Just reading about this smart money topic, imho it is not necessarily about smart money v dumb money, the institutions and banks do not give a hoot about dumb retail traders even though the retail market is worth around 50bn a year, it is only retail traders perception of the markets that leads them to believe it is us against them due to the fact that most constantly lose money.

Banks and other institutional trading is about positioning using limit orders, the more limit orders placed at a certain point the more the market will chase them,,, retails get caught during that positioning in the wrong direction because of a one dimensional view that if a market is falling or rising they must sell or buy.

As for cable and trading in general for me it is also about positioning after a corrective move , i gave the heads up early on that the prior move down was a correction, you can check my posts and i would normally position myself long on the turn up with other confirmation factors, however for me to have taken that trade from the 4 hour would have meant a a stop of over 150 pips due to the weekend gap,, which is too large, in that scenario i would normally wait for price to break out of the range of the correction and then another pullback swing to go long, however this time it did not happen as per the set up i trade.

I traded the exact same set up on eursd, audusd ,nzdusd, usdchf, usdcad , gold and various other pairs and have been using the exact same set up over and over , it is the main set up of two that i trade that have a high degree of success.

I rarely go as low as hourly to look for trades but if you check the last hourly swing down ,that is the exact same set up i trade, correction (market positioning) with confirmation to go long and that is why my signature here is Market structure patience and discipline, no need to chase the market up and down all over the place, when you have an understanding of how the markets work you wait , if you have to pass on a move so be it there will always be another.
Follow The Markets Structure - Patience and Discipline
  • #566,234
  • Dec 17, 2020 4:14am Dec 17, 2020 4:14am
Bulls showed no mercy advancing strongly in enemy strong lines. Dollar indeed is weak as shit!!!!!!!
Keep the Lights on then you can catch the rise from the dark.
  • #566,235
  • Dec 17, 2020 4:20am Dec 17, 2020 4:20am
Quoting ricmaj
Bulls showed no mercy advancing strongly in enemy strong lines. Dollar indeed is weak as shit!!!!!!!
None whatsoever..
I can smell spike that breaks the back lurking.. I do not have the exact timing, but I can definitely smell it.

I hope no one gets caught on the wrong side.
SS
  • #566,236
  • Dec 17, 2020 4:20am Dec 17, 2020 4:20am
if 3586 is broken it ll be a nice long
99.9% persistence
  • #566,237
  • Dec 17, 2020 4:23am Dec 17, 2020 4:23am
Quoting zuluremys
if 3586 is broken it ll be a nice long
No doubt it can happen soon enough
Always Defend your investment 1775
  • #566,238
  • Dec 17, 2020 4:29am Dec 17, 2020 4:29am
break that mf trendline
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #566,239
  • Dec 17, 2020 4:31am Dec 17, 2020 4:31am
..77% of 30day adr travelled so far today...129% of 13week awr so far this week. Price struggling to break upside of current dly hi 3586....some supply there but small dips thus far are being bought. Pretty shallow 1hr ascending channel. 1hr below. Possible rising wedge on 1hr ?
Attached Image (click to enlarge)
Click to Enlarge Name: 00df36770b9f76396044932bce8b6e62.png Size: 68 KB
Trader with an Edge.
  • #566,240
  • Dec 17, 2020 4:31am Dec 17, 2020 4:31am
Daily chart looks like it is trapping all the breakout suckers... Then they gonna hold the losing longs hoping that price will go back up until they finally get squeezed out, fueling a nice down move. Well, at least it is what I see at the moment.
701 traders viewing now