Cable Update (GBPUSD) | Page 29887 | 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)

  • #597,721
  • May 26, 2021 8:58pm May 26, 2021 8:58pm
Quoting Sang.Real
{quote} Opps. I think I got it the opposite. That's what I learned from YouTube. When price move fast and far, it's low liquidity When price is tight, it is high liquidity. Now I am confused. I think the youtuber cheated me. That's the disadvantage being a newbie. Must watch more youtube .
Hi Sang

For price to move, price needs to achieve an imbalance of around 3:1 buyers over sellers or sellers over buyers. They move price by either stacking one side of the order book with high liquidity, or they remove liquidity on one one.
But the liquidity needs to be converted into volume before price moves as increasing volume is expansion of price.

Therefore if all buyers are removed from the market (relative to current price), we get imbalance and a trend.
Liquidity is just a tool to confuse the actions of major players intentions. The only way we can guess is the tire marks left on the road from a burnout which is volume.
Trading thin liquidity at the boundary of the charts
  • #597,722
  • May 26, 2021 9:06pm May 26, 2021 9:06pm
Quoting RickM
{quote} Hi Sang For price to move, price needs to achieve an imbalance of around 3:1 buyers over sellers or sellers over buyers. They move price by either stacking one side of the order book with high liquidity, or they remove liquidity on one one. But the liquidity needs to be converted into volume before price moves as increasing volume is expansion of price. Therefore if all buyers are removed from the market (relative to current price), we get imbalance and a trend. Liquidity is just a tool to confuse the actions of major players intentions....
Thanks RickM.

Great post mate and appreciate your effort to help the uniformed newbie.

I learnt mostly from you tube and Baby pips. Sometimes it is just a confusing/contradicting information I got.

Anyway, I'm still learning to trade efficiently by using the only method I know, i.e. Support & Resistant.

Look forward for your future posting.

Best Regards

Sang Real
  • #597,723
  • May 26, 2021 9:12pm May 26, 2021 9:12pm
Still no break
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-27-2021 05.09(2).jpg Size: 120 KB
yes yes yes
  • #597,724
  • May 26, 2021 9:16pm May 26, 2021 9:16pm
It went up to the level of 200, which is also the famous S38 of the weekly fibo, which until Friday I think reaches the weekly level 100.
But until tomorrow I think it only reaches 2,618 and 300 of this smaller projection.
I think it will test the 100 of consolidation and fall again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 49 KB
Click to Enlarge Name: GBPUSDH42.png Size: 45 KB
  • #597,725
  • May 26, 2021 9:37pm May 26, 2021 9:37pm
Quoting RickM
{quote} Manipulation is normally high levels of liquidity for brief periods, low liquidity is just inaction on the big players part.
a simplistic statement for a very complex scenario, forex turns over 5 - 6 trillion every day low liquidity is broker bs myth, liquidity is the market, the "big" players do not trade daily or weekly, they trade monthly weekly levels whenever they come into play, either entry or profit taking, thereby trading infrequently but most certainly moving the market, they are never inactive, however surprise surprise the market is alive always moving always mopping up fresh meat, low liquidity is the prime time for intervening, pump and dump or vice versa aka manipulation, my post was directed at those moves, once identified, they are tradeable, most day traders aka retail, are nothing more than "fresh meat for the grinder" by market movers and bs brokers, this site is broker sponsored, go figure, on this thread just about everyone is successful, profitable trader, new meat joins and quickly finds out the bs and account gone, your comments sounds like broker sponsor BS
If you are new to Forex? Say Goodbye to your account!!
  • #597,726
  • May 26, 2021 9:46pm May 26, 2021 9:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 A.png Size: 223 KB
hoc-key
  • #597,727
  • May 26, 2021 9:47pm May 26, 2021 9:47pm
Quoting maheeee
{quote} Yesterday low volume, Today it will reach 1.42500, be patience...
Bull bar un-happened, yesterday low volume, today covid 19, tomorrow brexit, Monday UK bank holiday, next week start of June, when will the excuses end
  • #597,728
  • May 26, 2021 10:08pm May 26, 2021 10:08pm
Quoting Waveskierrob
{quote} Bull bar un-happened, yesterday low volume, today covid 19, tomorrow brexit, Monday UK bank holiday, next week start of June, when will the excuses end
IMO price will hit at least the last BO major 1.4000 or below it to taken Seller sell stop below for more liquidity. anything can happen so ill just follow the flow and make profit even it up or down ^_^
my biggest frame still on Shorty major resistance Monthly , i just wish to see month candle close below 1.40000 to see magik
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,729
  • May 26, 2021 10:13pm May 26, 2021 10:13pm
Quoting kris89
{quote} IMO price will hit at least the last BO major 1.4000 or below it to taken Seller sell stop below for more liquidity. anything can happen so ill just follow the flow and make profit even it up or down ^_^ my biggest frame still on Shorty major resistance Monthly , i just wish to see month candle close below 1.40000 to see magik
" anything can happen so ill just follow the flow and make profit even it up or down ^_^"..........
  • #597,730
  • May 26, 2021 10:26pm May 26, 2021 10:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: 20210527_085200.jpg Size: 299 KB
Price Touched middle band in Daily chart...lower band in h1 and h4..

It will go up. Very fast soon......
  • #597,731
  • May 26, 2021 10:33pm May 26, 2021 10:33pm
Quoting maheeee
{image}Price Touched middle band in Daily chart...lower band in h1 and h4.. It will go up. Very fast soon......
for those who know how to work with BB, Mid BB which is only 20sma will not hold.
after 1h close below 1.4115 end of story. will lead to continue 4h down setup for 1.40487 minimum as my first tp zone.

My chart from Friday, finally bears made it
Attached Image (click to enlarge)
Click to Enlarge Name: E10B4577-6F2E-4804-BD8B-B3557F4A69A5.png Size: 522 KB
  • #597,732
  • May 26, 2021 10:36pm May 26, 2021 10:36pm
Quoting KiwiTrada
{quote} a simplistic statement for a very complex scenario, forex turns over 5 - 6 trillion every day low liquidity is broker bs myth, liquidity is the market, the "big" players do not trade daily or weekly, they trade monthly weekly levels whenever they come into play, either entry or profit taking, thereby trading infrequently but most certainly moving the market, they are never inactive, however surprise surprise the market is alive always moving always mopping up fresh meat, low liquidity is the prime time for intervening, pump and dump or vice...
Hi KiwiTrada

We are talking about liquidity levels which are used to suppress or release price.
Liquidity and volume are different beasts, you should be more worried about what the smaller banker or market maker is doing rather than the big guy.
Liquidity on one side of the order book can become inactive, I suggest you look a bit closer and how they use fake orders to perform this duty.

Broker sponsor Ha ha ha ha
Trading thin liquidity at the boundary of the charts
  • #597,733
  • Edited May 27, 2021 12:02am May 26, 2021 10:42pm | Edited May 27, 2021 12:02am
to me, 4109 to 4135 target.

4100stop.
Intraday only.
  • #597,734
  • May 26, 2021 10:43pm May 26, 2021 10:43pm
Quoting gatenio
{quote} for those who know how to work with BB, Mid BB which is only 20sma will not hold. after 1h close below 1.4115 end of story. will lead to continue 4h down setup for 1.40487 minimum as my first tp zone. My chart from Friday, finally bears made it {image}

lets see whether it hold or not....

bear is too weak, its struggling to go down....
  • #597,735
  • May 26, 2021 10:52pm May 26, 2021 10:52pm
today GBPUSD DAILY candle probability of closing bull
  • #597,736
  • Edited May 27, 2021 12:02am May 26, 2021 10:53pm | Edited May 27, 2021 12:02am
the next 4 hr candle could decide....

For a bull daily candle today.

Stop 1.41000
Intraday only.
  • #597,737
  • May 26, 2021 10:54pm May 26, 2021 10:54pm
H1 Chart, Short term trade
Attached Image
  • #597,738
  • May 26, 2021 10:54pm May 26, 2021 10:54pm
Quoting maheeee
today GBPUSD DAILY candle probability of closing bull
i prefer candle daily close Profit >_<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,739
  • May 26, 2021 11:02pm May 26, 2021 11:02pm
Quoting maheeee
{quote} lets see whether it hold or not.... bear is too weak, its struggling to go down....
bear are week, but i only have my setups as a tool.
I will let the market run few hours before i enter my first trade of the day.
Maybe till then a new low tf bull setup, but it will be only a delay for bears run.
have a good day.
  • #597,740
  • May 26, 2021 11:07pm May 26, 2021 11:07pm
Quoting maheeee
{quote} lets see whether it hold or not.... bear is too weak, its struggling to go down....
so what's your reasoning that the bears are weak?
276 traders viewing now