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Why is GBPUSD called cable? 67 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting BeeTogether
Must have missed something as the commentary from BoE was positive so why has GU dropped?
1) No surprises
2) FED-like rethoric : "Clear evidence of progress" on inflation is needed before the BOE begins tightening – that is the message that markets have clung to and the result is a weaker pound. Less than 24 hours after the Federal Reserve announced its policy is "outcome-based" – acting after seeing prices rise rather than preempting them – the BOE seemed to have copied the message.
All in all, Bailey's blow to the pound may turn into another GBP/USD buying opportunity.
So seek opportunity to jump in long IMO
I belive i can fly..
My first target 1.40227
Like me, cuts losses quickly. But has more patience and lets his winn
Quoting lockstockd
{quote}Adjusted Sell Limit to 1.40500. Possibility of a dip to 1.39300 to grab liquidity then
1.39300 hit as expect (1.39285 on my broker) - reluctant to go long just yet as I was expecting a stronger rise up from this level.

Are we hitting 1.4 later today in NY session or testing previous low of 1.38508?
Will be interesting to see where the daily closes. Red area is sells only for me, if we close below the TL then 1.37-3750 is next. IMO. Bulls looking for a close above 1.4020
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Quoting mysterio
Will be interesting to see where the daily closes. Red area is sells only for me, if we close below the TL then 1.37-3750 is next. IMO. Bulls looking for a close above 1.4020 {image}
I can’t see a rise above 1.4010 today
Quoting BeeTogether
{quote} I can’t see a rise above 1.4010 today
Nope me neither! DXY is very bullish.
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Quoting BeeTogether
{quote} I can’t see a rise above 1.4010 today
expect the unexpected
You can only lean on those things which provide resistance
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From CME, preliminary data from yesterday

A lot of contracts closed
Something to think about

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Quoting Sang.Real
{quote} GU Red News Quick scalping in/out Pre- GBP Official Bank Rate News. Chart set up. With limit order {image} Price at news - GBP Official Bank Rate News. Price movement. {image}

GU


Nearing to target.

Ready to close Short

Waiting for nice set up to get long.

Cancel limit order, leaving only one Limit available



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Super zone for long
1.3914
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Quoting Sang.Real
{quote} GU Nearing to target. Ready to close Short Waiting for nice set up to get long. Cancel limit order, leaving only one Limit available {image}
You v been kicking asses. Cheers
1.39244 up
Like me, cuts losses quickly. But has more patience and lets his winn
swathed to long
this gap closing is too crooky
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Quoting Nd10
{quote} You v been kicking asses. Cheers

It is just Beginners (Newbie) Luck

Not my skill and knowledge to trade like this.

Beyond and above my capabilities.
My weekly target..
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Quoting Vincent1
From CME, preliminary data from yesterday A lot of contracts closed Something to think about {image}
What is the implication to trading cable? Are we to expect an uptrend or downtrend?
...bounce from the prev 1hr/4hr swing hi zone = prev res = potential rbs....1hr below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
Quoting M.Fadly
1.39244 up
Nice Entry Fadly

Where is you SL ?.

Thanks
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