Cable Update (GBPUSD) | Page 28826 | 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)

  • #576,501
  • Feb 5, 2021 7:05am Feb 5, 2021 7:05am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 13 KB
yes yes yes
  • #576,502
  • Feb 5, 2021 7:06am Feb 5, 2021 7:06am
Quoting Bartosz77
{quote} Where can you see market "faking"?
Moty mentioned before, lots of fake short entries generated on GBP/USD..., currently on neck line SKS (1,3702) if break up, run until 1,3730 possible. But that's not so valid today, as I said before. Big boys play today. Be cautious. They want to unwind their positions to you...

I think what it makes difficult currently is that the small timeframe says sth. different than the bigger timeframes and the biggest "timeframe" (unwinding Euros and USD against GBP) make the mess complete. In General I expect higher GBP/USD and lower EUR/GBP. Lots of selling yesterday on EUR/GBP on low quotes which indicates hugh amounts unwinding (no normal day-swing hedgefonds etc.)
  • #576,503
  • Feb 5, 2021 7:10am Feb 5, 2021 7:10am
"...If we invest in ourselves and our people, if we fight to ensure that American businesses are positioned to compete and win on the global stage, if the rules of international trade aren’t stacked against us, if our workers and intellectual property are protected, then there’s no country on Earth — not China or any other country on Earth — that can match us...." US President
  • #576,504
  • Feb 5, 2021 7:12am Feb 5, 2021 7:12am
Quoting BeeTogether
25 mins to go.... get your s/l levels ready set mine to 13670 if it breaks 13660 it will go down towards 13612 area as PC mentioned
NFP data seems to indicating positive so i guess the news already priced in.
I hope it will go little up until 1.3730 and the bump down.
My observation may be wrong but intent correct. Stay calm!
  • #576,505
  • Feb 5, 2021 7:15am Feb 5, 2021 7:15am
Going for a 10 pips on a long in at 1.3692
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-05 131515.png Size: 44 KB
Don't trade what you think. Just what you see!!!
  • #576,506
  • Feb 5, 2021 7:15am Feb 5, 2021 7:15am
Yields have to go past 1.20.. dollar bulls not done yet. Treasuries started dumping already.
Attached Image (click to enlarge)
Click to Enlarge Name: eurmon.jpg Size: 190 KB
  • #576,507
  • Feb 5, 2021 7:17am Feb 5, 2021 7:17am
Quoting parshal
{quote} NFP data seems to indicating positive so i guess the news already priced in. I hope it will go little up until 1.3730 and the bump down.
I expect sth. like that. That's the plan for today. Let's see if Euro is strong enough to support that scenario. Currently a bit weak again. Eur/Gbp last try to get some positions off... GBP/USD again on 1,3688...so who wants to join the longs....
  • #576,508
  • Feb 5, 2021 7:32am Feb 5, 2021 7:32am
1,3702.... pro's long... let's see if it holds...
  • #576,509
  • Feb 5, 2021 7:38am Feb 5, 2021 7:38am
Third wave of the first major swing up on hourly , should be an impulse wave as its moving with the trend , long was a good pick , fairly clear to say earlier that was the direction to go at least for an nfp call, so next resistance up somewhere near the highs of 3750 ish
Follow The Markets Structure - Patience and Discipline
  • #576,510
  • Feb 5, 2021 7:39am Feb 5, 2021 7:39am
Took some profit, let's see if we go to 1,3730 (SKS), Euro is ok...not too weak at least to help.
  • #576,511
  • Feb 5, 2021 7:40am Feb 5, 2021 7:40am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 16 KB
WT
  • #576,512
  • Feb 5, 2021 7:40am Feb 5, 2021 7:40am
Quoting pipfarm
Third wave of the first major swing up on hourly , should be an impulse wave as its moving with the trend , long was a good pick , fairly clear to say earlier that was the direction to go at least for an nfp call, so next resistance up somewhere near the highs of 3750 ish
3725 imo, should be strong.
  • #576,513
  • Feb 5, 2021 7:40am Feb 5, 2021 7:40am
Quoting JackintheBox
{quote} I expect sth. like that. That's the plan for today. Let's see if Euro is strong enough to support that scenario. Currently a bit weak again. Eur/Gbp last try to get some positions off... GBP/USD again on 1,3688...so who wants to join the longs....
Well clear signs of USD weak now for at least until next NFP release next month. Stimulus on top.
Clear path to 1.38
My observation may be wrong but intent correct. Stay calm!
  • #576,514
  • Feb 5, 2021 7:50am Feb 5, 2021 7:50am
Quoting GGekkoGreed
at first i thought this was a buy... now looking at it ...Appears we may be heading down... closed my long with small profit... waiting to see what NFP does...
lol like clockwork... smh
  • #576,515
  • Feb 5, 2021 7:52am Feb 5, 2021 7:52am
Quoting gatenio
{quote} 3725 imo, should be strong.

i do not see any swing tops or bottoms at 3725 the next minor swing top which is also an intermediate swing top is at 3750 ish, could be your looking at a very short term internal structure resistance which is negligible within the current context of market structure but at least we are both not far off each others levels
Follow The Markets Structure - Patience and Discipline
  • #576,516
  • Feb 5, 2021 7:55am Feb 5, 2021 7:55am
Damn, price did not trigger my short limit yet...
If you don't know how to earn money, don't loose it.
  • #576,517
  • Feb 5, 2021 7:57am Feb 5, 2021 7:57am
30 pips NFP
just follow whats are you trading style and principle to gain green pips
  • #576,518
  • Feb 5, 2021 7:58am Feb 5, 2021 7:58am
Quoting Bartosz77
{image}
looks obvious.
If you don't know how to earn money, don't loose it.
  • #576,519
  • Feb 5, 2021 7:58am Feb 5, 2021 7:58am
Quoting Bartosz77
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 13 KB
WT
  • #576,520
  • Feb 5, 2021 7:58am Feb 5, 2021 7:58am
Quoting SCopier
Ready for the news {image}
Looking good
2,504 traders viewing now, 1 is registered: