Cable Update (GBPUSD) | Page 28914 | 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)

  • #578,261
  • Feb 16, 2021 5:35am Feb 16, 2021 5:35am
Quoting MoneyZilla
{quote} Ha-ha!
Attached Image
  • #578,262
  • Feb 16, 2021 5:36am Feb 16, 2021 5:36am
Hello to all. I am a new trader with no more than one year experience in trading. I would like to share some thoughts and see if I get this right. Price goes up and up with some really big buying pressure from 1.35600 and so on. It has now reached 1.39500 without really retracing in 1.37- 1.372 region. All those who bought lower( banks,HF), drive price higher. In order for the price to fall one of two things must happen. Either to close their positions or start selling .In either case buyers must be found to match this enormous selling pressure right? But who really wants to buy in 1.395 region??? I mean who retail trader would actually buy in these heights? So I am thinking that price will continue going higher, just because it can not go lower, and when some good news for the pound are released then the price will start falling because then buyers will enter the market. Any comment is welcomed. Trying to connect the dots here like everyone. BTW I am short on Cable... unfortunately.
  • #578,263
  • Feb 16, 2021 5:36am Feb 16, 2021 5:36am
Quoting SteadyAsItGo
so important level for London 1.3940 1.3910
level still intact
  • #578,264
  • Feb 16, 2021 5:37am Feb 16, 2021 5:37am
Toxicity levels are reaching a limit.
We wouldn't want this to become such toxic environment now would we?
  • #578,265
  • Feb 16, 2021 5:39am Feb 16, 2021 5:39am
Quoting Supermarios
Hello to all. I am a new trader with no more than one year experience in trading. I would like to share some thoughts and see if I get this right. Price goes up and up with some really big buying pressure from 1.35600 and so on. It has now reached 1.39500 without really retracing in 1.37- 1.372 region. All those who bought lower( banks,HF), drive price higher. In order for the price to fall one of two things must happen. Either to close their positions or start selling .In either case buyers must be found to match this enormous selling pressure...
someone is buying dont worry. Yesterday longs were at the yellow line.
Attached Image
Twitter: Rummer_grapes
  • #578,266
  • Feb 16, 2021 5:45am Feb 16, 2021 5:45am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
yes yes yes
  • #578,267
  • Feb 16, 2021 5:45am Feb 16, 2021 5:45am
Quoting Bacco
{quote} someone is buying dont worry. Yesterday longs were at the yellow line. {image}
Yeah that is what I am saying. They keep buying because either their TP is higher,or they can't do otherwise.
  • #578,268
  • Feb 16, 2021 5:45am Feb 16, 2021 5:45am
Hope it will be fine....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-octafx-uk-limited.png Size: 39 KB
  • #578,269
  • Feb 16, 2021 5:50am Feb 16, 2021 5:50am
Quoting Supermarios
Hello to all. I am a new trader with no more than one year experience in trading. I would like to share some thoughts and see if I get this right. Price goes up and up with some really big buying pressure from 1.35600 and so on. It has now reached 1.39500 without really retracing in 1.37- 1.372 region. All those who bought lower( banks,HF), drive price higher. In order for the price to fall one of two things must happen. Either to close their positions or start selling .In either case buyers must be found to match this enormous selling pressure...
Hi.. I'm a new trader as well like you. I think the answer is in the weekly time frame of GU. coz at the moment the price is going up to reach the previous weekly high (which is around 1.4375 area) and will it going to go beyond or not we have to wait and see. There's not much resistance now for the price to go down and retest major levels. But before the 1.375 area there were lot of resistance levels to break before reaching current price level. In my opinion this is the reason why it didn't come to retest the previous levels..
  • #578,270
  • Feb 16, 2021 5:52am Feb 16, 2021 5:52am
Quoting Yngwie
{quote} Execute as planned. Selling from 3949. so far so good {image}
come on 3880
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 59 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #578,271
  • Feb 16, 2021 5:56am Feb 16, 2021 5:56am
Quoting Yngwie
{quote} come on 3880 {image}
come on 13610.....( I wish)
Insane in the Brain..
  • #578,272
  • Feb 16, 2021 5:57am Feb 16, 2021 5:57am
Quoting BeeTogether
{quote} come on 13610.....( I wish)
come one 1.3550
  • #578,273
  • Feb 16, 2021 5:57am Feb 16, 2021 5:57am
Beautiful MT5 indicator (FlameChart)
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 66 KB
  • #578,274
  • Feb 16, 2021 5:58am Feb 16, 2021 5:58am
Quoting sf0078
{quote} Hi.. I'm a new trader as well like you. I think the answer is in the weekly time frame of GU. coz at the moment the price is going up to reach the previous weekly high (which is around 1.4375 area) and will it going to go beyond or not we have to wait and see. There's not much resistance now for the price to go down and retest major levels. But before the 1.375 area there were lot of resistance levels to break before reaching current price level. In my opinion this is the reason why it didn't come to retest the previous levels..
Previous weekly high at 1.4375??? What am I not getting right here?
  • #578,275
  • Feb 16, 2021 6:06am Feb 16, 2021 6:06am
Quoting Supermarios
{quote} Previous weekly high at 1.4375??? What am I not getting right here?
get wk1 on chart and zoom -
If you don't know how to earn money, don't loose it.
  • #578,276
  • Feb 16, 2021 6:10am Feb 16, 2021 6:10am
Possibly sell Gbpusd 139.300. Tp 139.100
  • #578,277
  • Feb 16, 2021 6:14am Feb 16, 2021 6:14am
Quoting Moty
{image}
Why dont you hammer that on ur head instead??

Quoting Supermarios
Hello to all. I am a new trader with no more than one year experience in trading. I would like to share some thoughts and see if I get this right. Price goes up and up with some really big buying pressure from 1.35600 and so on. It has now reached 1.39500 without really retracing in 1.37- 1.372 region. All those who bought lower( banks,HF), drive price higher. In order for the price to fall one of two things must happen. Either to close their positions or start selling .In either case buyers must be found to match this enormous selling pressure...
Wise thoughts. Tell that to moty
  • #578,278
  • Feb 16, 2021 6:17am Feb 16, 2021 6:17am
Quoting Supermarios
{quote} Previous weekly high at 1.4375??? What am I not getting right here?

Attached Image (click to enlarge)
Click to Enlarge Name: 989283c5f4dad7e00a693d73435f3cfb.png Size: 57 KB


I mean not previous week high.. this is previous weekly high.. which is at around 1.4375.. the way price is moving it might spike up to this level..
  • #578,279
  • Edited 6:33am Feb 16, 2021 6:17am | Edited 6:33am
Quoting Sang.Real
{quote} {image}
Do you get these thoughts riding on a camel in the desert searching for water
  • #578,280
  • Feb 16, 2021 6:28am Feb 16, 2021 6:28am
Gbpusd buy at 139.350
278 traders viewing now, 1 is registered:
toju.fx