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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting coolmakina
{quote} olá, Parabens pela vitória do FCP! sou de Braga. Portugueses por é coisa rara por aqui!
Tenho muitos amigos de Braga.
Realmente, grande FCP ontem
Studing..............
Just few days back similar punch up from trendline hardly retraced by 23% before moving on.

I think we are about to witness something similar but very difficult to get onboard with longs now.

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Quoting mysterio
I think we'll drift down for a couple of hours then i'll look out for price action confirmation to go long in the ellipsed areas However very good chance it wont go down that far so may miss the boat. Retracement levels of this move are worth watching 1.3908, 1.3895, 1.3882 {image}
You guys just keep thinking of shorting / retrace... lol and keep calling hammer and hammer... Just like gambling but not trading
Damage
previous daily high is broken.

next target 3980

ho...
Intraday only.
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Studing..............
Quoting gatenio
bearish crab on 15,30,1h. i kill them if they wont make it. target 1: 1.3903 target 2: 1.3888 moty drop your trades over there.. just a tip {image}
carp.. all bullish right now.. nothing to fight.
The market has short memory
EUR/GBP Long opportunity for sure!
Quoting DailyChart
1.405
So Many short ? Load buy again
Couldn't resist shorting 1.3967, stop to BE already, just a scalp, looking for 1.3920
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The mf went for the gap
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Quoting navk
previous daily high is broken. next target 3980 ho...
breaking highs doesnt mean anything, short sl are fished at this area, it can easily go down now from here
Quoting abconqq7
You guys just keep thinking of shorting / retrace... lol and keep calling hammer and hammer... Just like gambling but not trading
We're all just waiting for the sales pitch now
...it is what it is
Quoting Moty
The mf went for the gap {image}
Keep finding anything to blame but yourself for blowing your account as always....

I’ll give you a hint that helped me with my trading exponentially, become a reactive trader, not a predictive one

You are gambling, plain and simple
Quoting ZTrader123
{quote} Keep finding anything to blame but yourself for blowing your account as always.... I’ll give you a hint that helped me with my trading exponentially, become a reactive trader, not a predictive one You are gambling, plain and simple

You said it right 100%

" become a reactive trader, not a predictive one You are gambling, plain and simple"
Follow The Markets Structure - Patience and Discipline
Go Bulls Go
Seldom occurance happened: a 10 pips retrace on EUR/GBP. What happenend? ECB took a nab after eating for 10000 Euro lunch tax money?

My comment to USD/GBP: LOL. I don't know when we had sth. like that ever back for years. I made my money again with shorts but that is hillarious. These days eat up usually a lot of my gains. Today nothing. So I did good but that driving is crazy. I wouldn't wonder if we retrace now without a stop to 1,39 again.

I stay away from longing now. Nice try su**ckers. Someone else can buy your stuff.
Cable isn't going anywhere until I take my profits.
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Quoting pipfarm
{quote} That is correct also because when the last larger degree hourly swing is viewed against the 4 Hour larger degree swing it is going the opposite way so the larger degree hourly swing is potentially corrective especially as the hourly larger swing support was still intact, so hopefully we will see a 1H larger degree swing new high in line with trend continuation but in between there could be some smaller corrections to come which is where retail will trade short trying to pick the top as usual.

New high reached in line with trend continuation
Follow The Markets Structure - Patience and Discipline
She wants to get back inside me channel?
Maybe we can stay forever? Together? Inside there?
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Maadik Hugiis. IQ 69.
Wedges by definition: longer than 3 weeks, vol. divergence, decreasing momentum.
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I've mentioned already that on Daily TF ema(12) and ema(26) haven't seen each other for 77 days (including today) - three times deviated from its mean (19 days).
Historical maximum for uptrend is 79 days. Considering that this is a lagging indicator - we observing new maximum.
From a statistical point of view, yes, something dubious is happening.

If the market is always right and statistics simply do not apply to it - it don't give a shit about its own empirical distributions. Ok ¯\_(ツ)_/¯
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