Cable Update (GBPUSD) | Page 29118 | 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)

  • #582,341
  • Mar 5, 2021 9:06am Mar 5, 2021 9:06am
Quoting Headland
{quote} There will likely be some 'sell the rally' types waiting to sell it on this strong pullback - in the context of the current overall down move on 1hr+
Weird
  • #582,342
  • Mar 5, 2021 9:09am Mar 5, 2021 9:09am
and once more
buy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-m1-xm-global-limited-2.png Size: 37 KB
dolce vita
  • #582,343
  • Mar 5, 2021 9:10am Mar 5, 2021 9:10am
Quoting mysterio
Treasury yields parabolic, this tells you where the dollar is headed Gilts found a ceiling at 80bps... so dollar yields twice as much as sterling {image} {image}
I bet they are 'having kittens' in the Fed? (as my old granny used to say)
Trader with an Edge.
  • #582,344
  • Mar 5, 2021 9:12am Mar 5, 2021 9:12am
Quoting babayaga
and once more buy {image}

ready to "close all" if I am wrong
dolce vita
  • #582,345
  • Mar 5, 2021 9:12am Mar 5, 2021 9:12am
Quoting BeeTogether
{quote} the drop just now making that 3780 area a bit nervous
Nervousness iS enemy to trading.

Anyway, 3780 will hold.

IMO
Intraday only.
  • #582,346
  • Mar 5, 2021 9:15am Mar 5, 2021 9:15am
Quoting Headland
{quote} I bet they are 'having kittens' in the Fed? (as my old granny used to say)
You bet! Powell seems so sanguine about inflation, he kind of mocked a senator for suggesting that expanding money supply might cause problems. He said the old MV=PQ equation didn't hold anymore... problem is the V (velocity) part will come back with the increasing stimulus, so the market is calling him out

Also can anyone explain the current price action to me it's making no sense...typical NFP friday i guess
  • #582,347
  • Mar 5, 2021 9:16am Mar 5, 2021 9:16am
Quoting tehtawar
Nice retest, sl=be {image}
Close this one, DXY daily chart touch my R
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 59 KB
Stay low, Go fast - No luck, All skill
  • #582,348
  • Mar 5, 2021 9:20am Mar 5, 2021 9:20am
Quoting mysterio
{quote} You bet! Powell seems so sanguine about inflation, he kind of mocked a senator for suggesting that expanding money supply might cause problems. He said the old MV=PQ equation didn't hold anymore... problem is the V (velocity) part will come back with the increasing stimulus, so the market is calling him out Also can anyone explain the current price action to me it's making no sense...typical NFP friday i guess
Milton Friedman will be turning in his grave !

Re PA today it is essentially $ strength as you have referred to in reaction to Fed Chairman Powell's comments and technically a downside follow thru on yesterday's bearish daily t/f hammer. The pullback bounce @ 3778 was from a known prev 4hr/dly sw lo zone so known potential support but was stronger than expected given the NFP numbers, then the 'sell the rally' types came in and sold it @ known potential sbr zone and that 38.2% fib in the context of the strong downmove/1hr/4hr downtrend. Since then the market is clearly unsure about the next move so it is consolidating a bit....and it's late in the London session on the last day of week so liquidity getting thinner. That's how I understand it.
Trader with an Edge.
  • #582,349
  • Mar 5, 2021 9:24am Mar 5, 2021 9:24am
Quoting Waveskierrob
{quote} Just want to thank you so much for the money for my new motorcycle, you are a diamond
He's the best
  • #582,350
  • Mar 5, 2021 9:25am Mar 5, 2021 9:25am
Quoting Headland
{quote} Milton Friedman will be turning in his grave !
Thing is I think because all of the dollars being printed is just being put into assets at the moment and not into the pockets of people who actually spend on real things, hence no inflation, yet. Just asset price inflation
  • #582,351
  • Mar 5, 2021 9:26am Mar 5, 2021 9:26am
Quoting gettoefl
two identical one hour candles upsidedowned same number of pips openned closed same level ... exquisite beauty ... first kill the long second kill shorts ... at least we know where she is headed
they made it way too easy for us this week
Attached Image (click to enlarge)
Click to Enlarge Name: f8aab401d747f00729906542b05d969c.png Size: 125 KB
twitter: @gettoefl
  • #582,352
  • Mar 5, 2021 9:32am Mar 5, 2021 9:32am
Quoting Headland
{quote} Milton Friedman will be turning in his grave ! Re PA today it is essentially $ strength as you have referred to in reaction to Fed Chairman Powell's comments and technically a downside follow thru on yesterday's bearish daily t/f hammer. The pullback bounce @ 3778 was from a known prev 4hr/dly sw lo zone so known potential support but was stronger than expected given the NFP numbers, then the 'sell the rally' types came in and sold it @ known potential sbr zone and that 38.2% fib in the context of the strong downmove/1hr/4hr downtrend. Since...
Cool, yeah. Expected the down move in the morning and a corrective move at some point.

Just can't tell if the corrective move is fully done, continuing to hold short

It looks like we're consolidating into a triangle on the 5m hopefully it breaks down

Was a bit concerned about that falling wedge forming on a daily TL, that recent bump up looked like it was from retesting the edge

Screw it, cashed in.
  • #582,353
  • Mar 5, 2021 9:46am Mar 5, 2021 9:46am
Thank You guys it is a wonderful platform / back to George Michel music
  • #582,354
  • Mar 5, 2021 9:53am Mar 5, 2021 9:53am
still in
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-m1-xm-global-limited-2.png Size: 38 KB
dolce vita
  • #582,355
  • Mar 5, 2021 9:54am Mar 5, 2021 9:54am
OK, W pattern/double bottom showing. Switching sides, long at 1.3826, stop to BE. It's real choppy, quick scalp

..out BE. I'm done, this is pointless!
  • #582,356
  • Mar 5, 2021 9:54am Mar 5, 2021 9:54am
What do you think?
Corrections on Analysis appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: b568c42ee844bfa22f29ee85ad60db70.png Size: 10 KB
  • #582,357
  • Mar 5, 2021 9:57am Mar 5, 2021 9:57am
Quoting mysterio
{quote} 123? Not familiar with that. Are you expecting a double bottom/W type arrangement on 1.38? I'm betting on the pullback being over and breaking 1.38 next It threatened to break but I think this channel will hold on dxy based on bullish treasury yields. I'll lock in at BE for NFP, if it takes me out then observe and possibly sell higher {image}
similar as saying: L-H-HL-HH.
or a z on zig-zig.
break the last high, or last low (if bearish).
kind of structure breakout.
If you don't know how to earn money, don't loose it.
  • #582,358
  • Mar 5, 2021 10:02am Mar 5, 2021 10:02am
Sorry guys i just want to share this just in the olden days the computer is to shake on NFP HOUR . NOW A DAYS I AM NOT SEEING THAT
  • #582,359
  • Mar 5, 2021 10:12am Mar 5, 2021 10:12am
Quoting coolmakina
{quote} similar as saying: L-H-HL-HH. or a z on zig-zig. break the last high, or last low (if bearish). kind of structure breakout.
good to use on trending.
not in this case, after nfp price is ranging/chopping, so better buy low range, sell high range, until 123 plays.
If you don't know how to earn money, don't loose it.
  • #582,360
  • Mar 5, 2021 10:13am Mar 5, 2021 10:13am
Attached Image (click to enlarge)
Click to Enlarge Name: Potential Sell.png Size: 38 KB
Fools Rushing
359 traders viewing now, 4 are registered:
,
meugampong
,
MJii
,